Joint Compound Market Size, Share, Trends, Industry Analysis, and Forecast (2025 – 2031)

Joint Compound Market Size

The global joint compound market size was valued at $6.28 billion in 2025 and is projected to reach $9.53 billion by 2031, growing at a CAGR of 7.2% during the forecast period.

Joint Compound Market Overview

Joint compound, commonly referred to as drywall compound or mud, is a versatile building material primarily composed of gypsum powder, water, and various additives. It is used to finish joints between drywall sheets, creating a smooth surface suitable for painting and further decoration.

The growing construction industry, particularly in emerging economies, is driving demand for joint compounds, as they are essential for creating visually appealing and durable wall finishes. Companies in this market can benefit significantly from the increasing trend toward renovations and new constructions, as well as the rising emphasis on sustainable building practices. By leveraging advancements in product formulations and focusing on eco-friendly options, manufacturers can cater to the evolving preferences of consumers who seek cost-effective and easy-to-apply solutions. Additionally, the expansion of the construction sector, fueled by urbanization and population growth, presents ample opportunities for stakeholders to enhance their market presence and profitability through innovative product offerings and strategic partnerships.

Joint Compound Market Dynamics

The joint compound market is expected to witness significant growth in the future due to the increase in construction activities, rapid urbanization in developing economies, and rising demand for renovation and modernization of existing infrastructure. However, the high costs associated with raw materials and productions, stringent regulations regarding emissions and environmental standards, and volatility in raw material prices affecting profitability are restraining the growth of the market.

Furthermore, government initiatives and investments in infrastructure development, expansion of residential and commercial construction markets, and growing trend toward energy-efficient and sustainable building practices are the key trends propelling the joint compound market.

Increase in Construction Activities is Driving the Joint Compound Market

The increase in construction activities is significantly impacting the joint compound market, due to heightened demand for drywall finishing products in both residential and commercial sectors.

• For instance, in India, government initiatives aimed at boosting infrastructure spending and affordable housing projects are projected to enhance the market, with India expected to account for over 39% of the South Asia Pacific joint compound market by 2033.
• Similarly, Russia's ambitious 6.3 trillion-ruble modernization plan, which includes extensive construction projects for transportation infrastructure through 2033, is anticipated to drive joint compound demand.
• Additionally, companies like USG Corporation and Gyproc are focusing on innovative product launches, such as advanced formulations that improve performance and sustainability, aligning with the growing trend of eco-friendly construction practices.

This combination of government initiatives, market demand, and product innovation is creating a favorable environment for the joint compound market to thrive.

By Product Type, the Ready-Mix Segment is projected to be the Largest Segment in the Joint Compound Market

Ready-Mix is the largest segment in the joint compound market, driven by its convenience and efficiency, making it a preferred choice for both professional contractors and DIY enthusiasts. This growth is supported by increasing construction activities across residential, commercial, and industrial sectors, along with urbanization trends and rising disposable incomes.

• Companies like USG Corporation and DAP Products Inc. are actively innovating in this space, launching products that emphasize ease of use and consistent quality, which are crucial for achieving smooth finishes in drywall applications.
• Additionally, government initiatives aimed at infrastructure development, such as the U.S. government's significant investments in sustainable building practices, further boost the demand for ready-mix joint compounds.

The combination of these factors, including product innovations and supportive government policies, underlines the rising appeal of ready-mix joint compounds in the construction industry.

By Geography, North AmericaHolds the Largest Share in the Market Revenue

North America holds the largest share of the joint compound market, driven by robust construction activities, particularly in the United States, where ongoing residential building projects and renovation efforts are prevalent.

• For example, in 2023, the U.S. is projected to account for over 97% of joint compound sales in North America, with a year-on-year growth rate of 3.7% anticipated despite previous pandemic-related concerns.
• Government initiatives aimed at economic revitalization have led to substantial investments in infrastructure and housing, such as the Biden administration's focus on sustainable building practices and green construction, which directly benefits the joint compound market.
• Companies like USG Corporation are responding to this demand with innovative product launches, including their SHEETROCK line, which emphasizes sustainability and ease of application.
• In North America, the robust real estate market is contributing to revenue of USD 1.72 billion in 2023 for joint compounds, as homeowners increasingly prioritize high-quality finishes.

Key Target Audience:

• Architects and designers
• Contractors and builders
• Distributors and retailers
• Manufacturers of related construction materials
• Regulatory agencies and standards organizations

List of the Key Players Profiled in the Report Includes:

• Knauf Gypsum Pty Ltd.
• DAP Products Inc.
• Solid Products, Inc.
• ProForm Finishing Products LLC
• Compagnie de Saint-Gobain S.A.
• Freeman Products, Inc.
• Supermastick S.A.S
• Hamilton Drywall Products
• ASG Plaster
• India Gypsum Pvt. Ltd

Recent Developments:

• In October 2023, ProForm Finishing Products introduced environmentally friendly packaging for its joint compounds, showcasing its dedication to sustainability without sacrificing product quality. This initiative offers the construction industry a greener option while preserving ProForm's reputation for excellence.
• In September 2023, Saint-Gobain completed its acquisition of Building Products of Canada Corp., integrating it into the CertainTeed building materials division in the Americas Region. This acquisition bolsters CertainTeed's Canadian operations, particularly in roofing materials, enhancing its leadership in the Canadian market. The deal added $435 million to CertainTeed's existing $1.4 billion sales in the region.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Product Type:

• Drying Type
• Ready Mix
• Setting Type

Market by, End User:

• Commercial Construction
• DIY Enthusiasts
• Institutional Construction
• Industrial Construction
• Residential Construction
• Other End Users

Market by, Application:

• Ceiling Joints
• Corner Bead
• Drywall Joints
• New Construction
• Refurbishments
• Texturing
• Other Applications

Market by, Geography:

The joint compound market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.