세계의 조인트 컴파운드 시장 : 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Joint Compounds Market was valued at USD 5.3 billion in 2024 and is estimated to grow at a CAGR of 6.3% to reach USD 9.7 billion by 2034. This growth is primarily fueled by the rising demand for high-performance interior finishes in both residential and commercial construction sectors. As design preferences evolve and aesthetic standards increase, builders and homeowners alike are prioritizing smooth, seamless drywall applications. This shift is driving the consistent use of joint compounds as a critical finishing material. Additionally, the construction industry is embracing environmental consciousness, pushing for low-emission building materials. As a result, the development and adoption of joint compounds with reduced volatile organic compounds (VOCs) are gaining momentum. Manufacturers are also optimizing formulations to meet emerging sustainability benchmarks while boosting performance. Industry players are introducing fast-acting compounds that cure quickly, resist cracking, and offer enhanced adhesion-all of which contribute to more efficient building timelines and better long-term durability. These innovations are in direct response to the changing expectations of both regulators and end users, which is fostering deeper integration of eco-conscious solutions across the board.

The residential sector is driving a major share of this demand, encouraging the use of high-quality joint compounds to support contemporary home designs and interior upgrades. With homeowners seeking refined wall finishes, there's an increasing tendency to invest in advanced materials that offer smoother applications and lasting results. Commercial buildings, including offices and retail spaces, are also playing a pivotal role in market expansion by requiring products that deliver a polished appearance while being easy to apply and maintain. These preferences are pushing manufacturers to redesign their offerings and enhance product usability, which is further contributing to market growth.

By product type, the setting-type joint compounds segment accounted for USD 2.2 billion in revenue in 2024 and is expected to grow at a CAGR of approximately 5.9% through 2034. This category dominates due to its ability to chemically cure rather than evaporate during drying. The fast-setting characteristic minimizes project downtime, making it ideal for time-sensitive or multi-phase construction. The efficiency and reliability of these compounds give them a competitive advantage over traditional drying-type products, especially in environments where construction speed and productivity are key priorities.

When considering end-user segments, residential construction led the market with a 48.5% share in 2024 and is projected to expand at a CAGR of 6.3% through 2034. A surge in new housing developments and renovations is directly influencing this trend. Population growth and expanding urban centers are boosting demand for residential units, with joint compounds playing a central role in finishing drywall installations, covering seams, and delivering smooth interior surfaces. This segment's performance reflects the wider global move toward modern housing solutions and improved living standards.

In terms of application, drywall joints emerged as the dominant category in 2024 and are expected to retain their leading position through the forecast period from 2025 to 2034. The widespread use of drywall systems in both new builds and remodeling projects ensures continued reliance on joint compounds. These products are essential for embedding joint tapes, finishing seams, and preparing surfaces for painting. Repeated applications during the construction or renovation phase further solidify their importance. The variety of options available-including quick-setting formulations and multi-purpose compounds-enhances the segment's stability in the broader market.

Within North America, the United States led regional growth with a joint compounds market value of USD 1.33 billion in 2024 and is expected to expand at a CAGR of 6.6% through 2032. The uptick in residential and commercial construction, supported by urban development and increased remodeling activity, continues to fuel demand. Additionally, drywall installation in energy-efficient structures has contributed to the rising consumption of joint compounds nationwide.

Sustainability trends are reshaping how these materials are produced, with leading manufacturers investing in closed-loop water systems and low-waste technologies to reduce environmental impact. There is also increased pressure to meet stringent green building certifications that emphasize indoor air quality and emission reduction. Regulatory shifts and ESG reporting requirements are pushing the industry toward transparent sourcing and cleaner production methods. As more companies align with these frameworks, they're driving innovation that supports cleaner, more sustainable construction practices.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculations
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Trump administration tariffs analysis
  • 3.2.1 Impact on trade
    • 3.2.1.1 Trade volume disruptions
    • 3.2.1.2 Retaliatory measures
  • 3.2.2 Impact on the industry
    • 3.2.2.1 Supply-Side impact (Raw Materials)
    • 3.2.2.2 Price volatility in key materials
    • 3.2.2.3 Supply chain restructuring
    • 3.2.2.4 Production cost implications
    • 3.2.2.5 Demand-Side impact (Selling Price)
    • 3.2.2.6 Price transmission to end markets
    • 3.2.2.7 Market share dynamics
    • 3.2.2.8 Consumer response patterns
  • 3.2.3 Key companies impacted
  • 3.2.4 Strategic industry responses
    • 3.2.4.1 Supply chain reconfiguration
    • 3.2.4.2 Pricing and product strategies
    • 3.2.4.3 Policy engagement
  • 3.2.5 Outlook and future considerations
• 3.3 Supplier landscape
• 3.4 Trade analysis
• 3.5 Profit margin analysis
• 3.6 Technological overview
• 3.7 Key news & initiatives
• 3.8 Regulatory landscape
• 3.9 Impact forces
  • 3.9.1 Growth drivers
    • 3.9.1.1 Increasing construction and renovation activities
    • 3.9.1.2 High demand for interior aesthetics
    • 3.9.1.3 Advancements in technology and formulations
    • 3.9.1.4 Rise of DIY culture
  • 3.9.2 Industry pitfalls & challenges
    • 3.9.2.1 Fluctuations in raw material prices
    • 3.9.2.2 High installation and maintenance costs
• 3.10 Growth potential analysis
• 3.11 Porter's analysis
• 3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type, 2021 - 2034 (USD Billion) (Tons)

• 5.1 Key trends
• 5.2 Setting type
• 5.3 Drying type
• 5.4 Ready Mix

Chapter 6 Market Estimates & Forecast, By Application Areas, 2021 - 2034 (USD Billion) (Tons)

• 6.1 Key trends
• 6.2 Drywall Joints
• 6.3 Ceiling Joints
• 6.4 Corner Bead
• 6.5 Texturing
• 6.6 Others

Chapter 7 Market Estimates & Forecast, By End Use, 2021 - 2034 (USD Billion) (Tons)

• 7.1 Key trends
• 7.2 Residential construction
• 7.3 Commercial construction
• 7.4 DIY enthusiasts
• 7.5 Others

Chapter 8 Market Estimates & Forecast, By Packaging Size, 2021 - 2034 (USD Billion) (Tons)

• 8.1 Key trends
• 8.2 Small Packs (Up to 5 kg)
• 8.3 Medium Packs (6-15 kg)
• 8.4 Bulk (15 kg and above)

Chapter 9 Market Estimates & Forecast, By Project Type, 2021 - 2034 (USD Billion) (Tons)

• 9.1 Key trends
• 9.2 New construction
• 9.3 Renovation/Remodeling

Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021 - 2034 (USD Billion) (Tons)

• 10.1 Key trends
• 10.2 Offline/Retail stores
• 10.3 Online platforms

Chapter 11 Market Estimates & Forecast, By Region, 2021 - 2034 (USD Billion) (Tons)

• 11.1 Key trends
• 11.2 North America
  • 11.2.1 U.S.
  • 11.2.2 Canada
• 11.3 Europe
  • 11.3.1 UK
  • 11.3.2 Germany
  • 11.3.3 France
  • 11.3.4 Italy
  • 11.3.5 Spain
  • 11.3.6 Russia
• 11.4 Asia Pacific
  • 11.4.1 China
  • 11.4.2 India
  • 11.4.3 Japan
  • 11.4.4 South Korea
  • 11.4.5 Australia
• 11.5 Latin America
  • 11.5.1 Brazil
  • 11.5.2 Mexico
• 11.6 MEA
  • 11.6.1 South Africa
  • 11.6.2 Saudi Arabia
  • 11.6.3 UAE

Chapter 12 Company Profiles

• 12.1 Besstar Plaster Manufacturing Sdn Bhd
• 12.2 Chiyoda UTE Co. Ltd
• 12.3 Compagnie de Saint-Gobain S.A
• 12.4 DAP Products Inc
• 12.5 Freeman Products Inc
• 12.6 Hamilton Drywall Products
• 12.7 India Gypsum Pvt. Ltd
• 12.8 Knauf Gips KG
• 12.9 Magnum Products
• 12.10 National Gypsum Company
• 12.11 Pladur Gypsum, S.A.U.
• 12.12 Solid Products Inc
• 12.13 Southern Wall Products, Inc.
• 12.14 Supermastick S.A.S
• 12.15 Terraco Holdings Ltd.