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India Jointing Compound Market, By Product Type, By Application, By Type, By Region, Competition Forecast & Opportunities, 2027

India Jointing Compound Market, By Product Type, By Application, By Type, By Region, Competition Forecast & Opportunities, 2027

  • November 2021
  • 99 pages
  • ID: 6184438
  • Format: PDF
  • TechSci Research

Summary

Table of Contents

India Jointing Compound Market, By Product Type (Single, Multi), By Application (Residential, Commercial, Industrial), By Type (Taping, Topping, All Purpose, LITE Drying, Setting), By Region, Competition Forecast & Opportunities, 2027

India Jointing Compound Market stood at INR122.61 crore in 2021 and is projected to grow at a CAGR of 5.76% by 2027, to reach INR 170.15 crore by 2027. A jointing compound is a white powder material applied to seal joints that exist between drywall sheets. It is also often used as an alternative to traditional plastering to finish joints, corner beads, trims, and fasteners. Jointing compounds are also known as drywall compound, joint cement and mud and are mainly used in construction of buildings. Technological developments across industries such as metal fabrication plants and improved architectural designs are expected to create opportunities of growth for jointing compounds market across the country. Growth in the real-estate sector is also providing growth opportunities to the India Jointing Compound Market. The growth and investment in the real estate sector is increasing owing to the growth in corporate environment and the surging demand for office space as well as urban and semi-urban accommodations. Sectors such as IT, retail, consulting and e-commerce have registered high demand for office spaces in recent times.

Based on product type, the market is segmented into single and multi jointing compounds. In 2021, single jointing compound was the dominating segment by product type in India Jointing Compound Market with a share of 66.57%, owing to aging building structures that soar up the application of jointing compounds in cracks ceilings or walls. Usually, ceiling cracks are caused by structural damage or settling due to earthquakes, floods, or other natural calamities. Single jointing compounds are effective in repairing all these types of cracks in buildings.
Drywall is the future of construction in India.It’s here to stay as sand and water become more expensive both in terms of cost and availability.

Drywall is lighter and can save much weight, resulting in thinner columns and slabs.It takes less time to build and uses a small amount of water.

As a result, the construction can proceed at a considerably faster and more well-planned pace. Thus, the growing application of jointing compounds in drywall is expected to propel the demand for the India Jointing Compound market.

Based on region, Western Region is the fastest growing region in the Jointing Compound Market, with a CAGR of 2.05% from 2017-2021, and the same trend is anticipated to continue over the forecast years with Western region expected to grow at a CAGR of 6.12% through 2022E-2027F. Additionally, the rising need for renovation of older buildings and the increasing construction of new buildings for the accommodation of a large population of people migrating from small cities to metropolitan cities are other major factors driving the growth of the Jointing Compound market in the Western Region.

Some of the major players operating in India Jointing Compound Market are Sakarni Plaster (India) Private Limited, Saint-Gobain Gyproc India Ltd., USG Boral Building Products India Private Limited, India Gypsum Pvt Ltd., Jayswal Interiors Pvt Ltd., Dana Interiors Private Limited, Indus Industries Pvt. Ltd., Gyptech Systems Pvt Ltd., Durabuild Care Pvt. Ltd., KKS Gypsum India Pvt. Ltd., among others.

Years Considered for this Report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

• The primary objective of the study is to understand and gain insights about India Jointing Compound Market by Product Type (Single, Multi), by Application (Residential, Commercial, Industrial), by Type (Taping, Topping, All Purpose, LITE Drying, Setting), by Region, from 2017-2021.
• To analyze historical growth in market size of India Jointing Compound Market from 2017 to 2021.
• To estimate and forecast the market size of India Jointing Compound Market from 2022 to 2027 and growth rate until 2027.
• To understand the respective region market structure of India Jointing Compound Market, namely – South, West, North and East.
• To identify the detailed information about the prime factors affecting India Jointing Compound Market.
• To evaluate competitive pricing, average market selling prices and margins in India Jointing Compound Market.
• To examine competitive developments such as new entrants, government policy and investments in India Jointing Compound Market.
• To strategically profile the leading players in India Jointing Compound Market.
To analyze and forecast India Jointing Compound Market, both top-down and bottom-up approaches have been used.Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source.

A brief study of the major players operating in India Jointing Compound Market was also undertaken.To extract data, primary surveys were conducted with key players and stakeholders in the industry.

The future of major players is studied and projects which have commissioned in the country were identified.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Jointing compound manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to jointing compound
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as jointing compound companies, customers and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report India Jointing Compound Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

• India Jointing Compound Market, By Product:
o Single
o Multi
• India Jointing Compound Market, By Application:
o Residential
o Commercial
o Industrial
• India Jointing Compound Market, By Type:
o Taping
o Topping
o All Purpose
o LITE Drying
o Setting
• India Jointing Compound Market, By Region:
o North
o West
o South
o East
• India Jointing Compound Market, By Top 10 States
o Maharashtra
o Gujarat
o Tamil Nadu
o Uttar Pradesh
o Karnataka
o Andhra Pradesh
o Madhya Pradesh
o Telangana
o Rajasthan
o Delhi

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Jointing Compound Market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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