The global joint compound market is projected to grow from U.S. $6.0 billion in 2026 to U.S. $9.7 billion by 2033, according to a new report from Persistence Market Research. The market is expected to expand at a CAGR of 7.2 percent during the forecast period, driven by continued construction growth, rising housing demand, and large-scale infrastructure development worldwide.

Joint compounds remain essential materials in drywall finishing applications, helping contractors create smooth wall and ceiling surfaces across residential, commercial, and industrial projects. Ready-mix joint compounds continue to lead the market due to their ease of use, consistent performance, and labor-saving advantages on job sites.

Asia Pacific remains the dominant regional market, supported by rapid urbanization and strong building activity in China, India, and Southeast Asia. Government-backed housing initiatives and urban redevelopment programs are also contributing to increased drywall and finishing material demand throughout the region.

In North America, remodeling and renovation activity continues to support stable market growth, particularly in the residential sector. Europe is seeing additional demand tied to energy-efficient building upgrades and sustainable construction practices.

Manufacturers are increasingly focusing on low-dust, low-VOC, and fast-drying formulations as contractors and builders prioritize efficiency, indoor air quality, and sustainability. Expanding use of prefabricated and modular construction methods is also expected to create new opportunities for drywall finishing products in the coming years.

Key companies operating in the market include USG, Saint-Gobain, Knauf, National Gypsum, G-P Gypsum and Sika AG.

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