Jointing Coating Market Trends and Forecast
The future of the global jointing coating market looks promising with opportunities in the building exterior wall and interior renovation markets. The global jointing coating market is expected to grow with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing construction activities & infrastructure development worldwide, growing demand for high-quality & durable jointing compounds in building renovations, and rising demand of fire-resistant & eco-friendly materials.
• Lucintel forecasts that single component is expected to witness higher growth over the forecast period.
• Within this market, building exterior wall is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Jointing Coating Market
• United States: 3M announced the launch of a new line of eco-friendly jointing coatings, meeting government targets for sustainable construction materials and supporting initiatives for green building practices.
• China: Knauf Group expanded its production capacity for jointing compounds to meet the growing demand in residential and commercial construction sectors, supported by government policies promoting urban development and infrastructure investment.
• Germany: BASF SE introduced innovative jointing coatings with enhanced fire resistance and durability, aligning with government regulations on building safety and sustainability in construction projects.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Jointing Coating Market by Segment
The study includes a forecast for the global jointing coating market by type, application, and region.
Jointing Coating Market by Type [Value from 2018 to 2030]:
• Single Component
• Two-Component
Jointing Coating Market by Application [Value from 2018 to 2030]:
• Building Exterior Wall
• Interior Renovation
• Others
Jointing Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Jointing Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies jointing coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the jointing coating companies profiled in this report include-
• LAFARGE
• IMPA SpA
• Terraco
• Optiroc
• Rigips
• Sherwin-Williams
• Kalsi Building Solutions
• Kerakoll
• DRACO
• Keshun Waterproof Technology
Recent Development in the Jointing Coating Market
• Saint-Gobain: Saint-Gobain developed advanced jointing compounds with superior mold resistance and ease of application, catering to the needs of construction professionals for efficient and durable finishing solutions. This initiative supports Saint-GobainÄX%$%Xs commitment to innovation and customer-centric solutions in building materials.
• USG Corporation: USG Corporation launched lightweight jointing compounds for drywall applications, offering enhanced workability and reduced environmental impact. These products aim to improve efficiency in construction projects while meeting industry standards for quality and performance.
• Sherwin-Williams: Sherwin-Williams introduced high-performance jointing coatings for industrial applications, focusing on durability and corrosion resistance. These coatings are tailored to protect metal joints and surfaces in harsh environments, supporting Sherwin-WilliamsÄX%$%X position in the industrial coatings market.
• Dow Chemical Company: Dow Chemical Company invested in research and development of jointing compounds with improved adhesive properties and sustainability credentials. These advancements aim to provide innovative solutions that meet evolving market demands for efficient and environmentally friendly construction materials.
Features of the Global Jointing Coating Market
Market Size Estimates: Jointing coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Jointing coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Jointing coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the jointing coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the jointing coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for jointing coating market?
Answer: The global jointing coating market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the jointing coating market?
Answer: The major drivers for this market are increasing construction activities & infrastructure development worldwide, growing demand for high-quality & durable jointing compounds in building renovations, and rising demand of fire-resistant & eco-friendly materials.
Q3. What are the major segments for jointing coating market?
Answer: The future of the jointing coating market looks promising with opportunities in the building exterior wall and interior renovation markets.
Q4. Who are the key jointing coating market companies?
Answer: Some of the key jointing coating companies are as follows:
• LAFARGE
• IMPA SpA
• Terraco
• Optiroc
• Rigips
• Sherwin-Williams
• Kalsi Building Solutions
• Kerakoll
• DRACO
• Keshun Waterproof Technology
Q5. Which jointing coating market segment will be the largest in future?
Answer: Lucintel forecasts that single component is expected to witness higher growth over the forecast period.
Q6. In jointing coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the jointing coating market by type (single component and two-component), application (building exterior wall, interior renovation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Jointing Coating Market Market, Jointing Coating Market Market Size, Jointing Coating Market Market Growth, Jointing Coating Market Market Analysis, Jointing Coating Market Market Report, Jointing Coating Market Market Share, Jointing Coating Market Market Trends, Jointing Coating Market Market Forecast, Jointing Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.