Análisis y tamaño del mercado de compuestos conjuntos
El mercado de compuestos para juntas ha crecido constantemente a lo largo de los años. Aunque el mercado ha sido testigo de una gran caída de la demanda en 2020 como resultado de la epidemia. Sin embargo, debido a su uso frecuente en el sector residencial para diversos fines de construcción, el mercado se ha acelerado. Además, también se anticipa que las diversas estrategias de crecimiento adoptadas por los fabricantes tendrán un impacto positivo en el mercado de estos compuestos durante el cronograma previsto.
Data Bridge Market Research analiza que se espera que el mercado de compuestos conjuntos experimente una CAGR de 4.20% durante el período de pronóstico. Esto indica que el valor de mercado, que fue de USD 1875,60 millones en 2021, se dispararía hasta los USD 2606,65 millones para 2029. Además de la información sobre escenarios de mercado como el valor de mercado, la tasa de crecimiento, la segmentación, la cobertura geográfica y los principales actores, Los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis experto en profundidad, producción y capacidad de la empresa representada geográficamente, diseños de red de distribuidores y socios, análisis de tendencias de precios detallados y actualizados y análisis de déficit de la cadena de suministro y la demanda.
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Joint compound is often referred to as drywall compound, mastic, or drywall mud. Gypsum dust and water are combined to create a white powder. Joint compounds are used with fiber or paper fiber joint tape to seal the joints between sheets of drywall. The joint compound produces a seamless substrate for paint on the interior walls.
Joint compound Market Dynamics
- Increase adoption of advanced coating materials
The increasing demand for advanced coating materials and their ability and durability to provide rapid, easy and smooth joint finishing, will further boost the adoption of joint compounds in construction applications. This major factor projected to drive the joint compounds market during the forecast period.
- Rising renovation and industrial construction
Increasing need for renovation of older residential infrastructure and growing residential construction due to increase in modernization, population and family size are expected to increase the demand of joint compound and drive the growth rate of the joint compound market.
- Rise in demand due to superior qualities
Joint compound formulations provide better functioning qualities, including excellent slip and low shrinkage .The joint compounds are used for taping, filling, finishing, and skim coating. Joint finishing is rapid, easy and smooth which reduces labor costs and labor efforts and it improves the appearance as well as quality of the product which are expected to drive the growth rate of the joint compound market
- Government initiatives with high investments
The government efforts to boost the economy, including significant investments in the building industry, particularly in the construction of sustainable and green buildings, as well as rising U.S. spending on private construction, for both residential and non-residential buildings, have benefited the joint compound market because it is environmentally friendly material, and light in weight.
Furthermore, the high government investments for numerous construction projects coupled with the modernization plan to renovate the country’s railways, highways, airports, ports and other transportation infrastructure are expected to create the immense opportunities for the growth of the global Joint compound market during the above mentioned period.
Some of the major players operating in the joint compound market are:
- USGKnauf (Malaysia)
- DAP Global Inc. (U.S.)
- Solid Products, Inc. (U.S.)
- National Gypsum Services Company (u.S.)
- Saint-Gobain (France)
- Hamilton Drywall Products (U.S.)
- ASG Group (Australia)
- India Gypsum Pvt. Ltd (India)
- Chiyoda UTE Co. Ltd (japan)
- Knauf Gips KG (Germany)
- Etex Group (Belgium)
- Holcim (Switzerland)
- YOSHINO GYPSUM CO., LTD (Japan)
- Mada Gypsum (Saudi Arabia)
- ZAWAWI MINERALS LLC (Oman)
- Gypsemna Co LLC (UAE)
- Global Mining Company (Oman)
- Gulf Gypsum Industrial (UAE)
- VANS Gypsum (India)
- Osman Group (Bangladesh)
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COVID-19 Impact on Joint Compound Market
The outbreak of covid-19 has adversely affected the growth of the several markets. During this pandemic, government has imposed lockdown across several countries which has also negatively impacted the growth of the joint compound market. Limited demand and production and delays in the transportation due to travel restriction created obstacles in the market. Disruption in the supply chain of building materials and residential construction sector with no labor in hand and suspension of several construction permits have all led to the decline in the growth of the overall market of Joint compound.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Joint Compound Market Scope
The joint compound market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Joint Compound Market Regional Analysis/Insights
The joint compound market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the joint compound market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the joint compound market due to the growing demand of joint compound in the construction sector in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the rapid rate of industrialisation and urbanization in the region.
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