global jointing finishing compound drywall mud forecast market
MARKET OVERVIEW:
The global Jointing Finishing Compound and Drywall Mud Market continues to demonstrate steady growth, with its valuation reaching USD 1.69 billion in 2023. According to comprehensive market analysis, the sector is projected to grow at a CAGR of 4.90%, reaching approximately USD 2.6 billion by 2032. This expansion is primarily fueled by increasing construction activities worldwide, particularly in emerging economies where rapid urbanization.
MARKET INSIGHT & GROWTH DRIVERS:
The market growth is driven by increasing gold mining activities, particularly in Asia-Pacific and Africa, where cyanide leaching remains the dominant extraction method. However, environmental concerns and stringent regulations pose challenges to market expansion.
MARKET DYNAMICS
Global Construction Boom Accelerates Demand for Drywall Solutions
The global construction industry's rapid expansion continues to drive substantial growth in the jointing compound market. With urbanization rates climbing above 68% in developed nations and emerging economies witnessing unprecedented infrastructure development, the demand for efficient drywall finishing solutions has surged. North America alone recorded over 1.5 million housing starts in 2023, with drywall installations accounting for nearly 90% of interior wall systems. This shift from traditional plaster methods to faster, costeffective drywall solutions has created a compounded annual growth trajectory of 4.9% through 2032.
The increasing global emphasis on sustainable construction has accelerated the demand for low-VOC (volatile organic compound) and ecofriendly jointing compounds. Regulatory frameworks in North America and Europe now mandate stricter environmental standards, pushing manufacturers to innovate while maintaining performance. Low-dust andzeroVOC formulations are gaining traction, particularly for indoor applications where indoor air quality is a priority. Recent advancements in gypsum-based and synthetic polymers have furtherenhancedadhesion.
REGIONAL MARKET OUTLOOK
North America
With an estimated market size of USD 478.13 million in 2023, North America remains the dominant region due to its mature construction sector and strong remodeling activity. The U.S. accounts for the majority of demand, driven by housing starts and commercial projects adopting drywall systems over traditional plaster. Environmental regulations, including low-VOC requirements, are accelerating the shift toward sustainable compounds. The DIY culture further boosts sales of readymix products, though skilled labor shortages in certain areas create application challenges.
Europe
Europe's market thrives on stringent energy efficiency mandates and green building certifications, particularly in Western Europe. Countries like Germany and France prioritize low-dust, quick-setting compounds for renovation projects in aged infrastructure. The EU's circular economy action plan encourages manufacturers to develop recyclable and biodegradable jointing materials. While growth is steady, high raw material costs and competition from local players limit profit margins. Partnerships between global brands (e.g., Saint-Gobain, Knauf) and regional distributors help navigate these complexities while maintaining product accessibility.
COMPETITIVE LANDSCAPE
• USG Corporation
• Saint-Gobain
• Knauf
• CertainTeed
• Continental Building Products
• Georgia-Pacific
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
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