global jointing finishing compound drywall mud forecast market
MARKET OVERVIEW:
The global Jointing Finishing Compound and Drywall Mud market was valued at USD 1690 million in 2023. The market is projected to grow to USD 2599.36 million by 2032, registering a CAGR of 4.90% during the forecast period. This growth is driven by the consistent expansion in the global construction sector, fueled by urbanization, increased remodeling activities, and sustainable building practices. In regional terms, North America held a significant market share, with an estimated valuation of USD 478.13 million in 2023
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, cost-effective drywall solutions has created a compounded annual growth trajectory of 4.9% through 2032.
MARKET OPPORTUNITIES
Innovative product development presents lucrative avenues for market expansion. Advanced polymer-modified compounds now offer extended open times and easier sanding characteristics preferred by professional contractors. Lightweight variants, which reduce material costs by 18-22% per square foot while improving ergonomics, are gaining rapid acceptance. Recent testing shows these next-gen formulations can reduce labor time by up to 30% on large commercial projects.
COMPANY MISSION
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 and zeroVOC formulations are gaining traction, particularly for indoor applications where indoor air quality is a priority.
REGIONAL MARKET OUTLOOK
North America
This region continues to dominate the global market due to a mature construction industry, strong demand for renovation products, and technological innovations in jointing compounds. The U.S. remains the largest contributor.
Europe
Europe showcases steady demand, especially in Western Europe, where strict energy efficiency regulations and sustainable building practices are influencing product selection.
COMPETITIVE LANDSCAPE
• USG Corporation
• Saint-Gobain
• Knauf
• CertainTeed
• Continental Building Products
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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