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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, 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 TechSci Research.

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

Competitive Landscape

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

Available Customizations:

With the given market data, TechSci Research 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).
1.Product Overview
2.Research Methodology
3.Impact of COVID-19 on India Jointing Compound Market
4.Executive Summary
5.Voice of Customer
5.1.Brand Awareness & Brand Recall
5.2.Factors Considered while Selecting a Supplier
5.3.Customer Satisfaction Level
5.4.Major Challenges/Issues Faced Post Purchase of Jointing Compound
6.India Jointing Compound Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value & Volume
6.2.Market Share & Forecast
6.2.1.By Product Type (Single, Multi)
6.2.2.By Application (Residential, Commercial, Industrial)
6.2.3.By Type (Taping, Topping, All Purpose, LITE Drying, Setting)
6.2.4.By Region (North, West, South and East)
6.2.5.By Top 10 States
6.2.6.By Company (2021)
6.3.Market Map
7.India Single Jointing Compound Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value & Volume
7.2.Market Share & Forecast
7.2.1.By Application
7.2.2.By Type
7.2.3.By Region
8.India Multi Jointing Compound Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value & Volume
8.2.Market Share & Forecast
8.2.1.By Application
8.2.2.By Type
8.2.3.By Region
9.Market Dynamics
9.1.Drivers
9.2.Challenges
10.Market Trends and Developments
11.Pricing Analysis
12.Major Dealers of Jointing Compound in India
13.Import Export Analysis
14.Value Chain Analysis
15.Policy and Regulatory Landscape
16.India Economic Profile
17.Company Profiles
17.1.Sakarni Plaster (India) Private Limited
17.2.Saint-Gobain Gyproc India Ltd.
17.3.USG Boral Building Products India Private Limited
17.4.India Gypsum Pvt Ltd.
17.5.Jayswal Interiors Pvt Ltd
17.6.Dana Interiors Private Limited
17.7.Indus Industries Pvt. Ltd.
17.8.Gyptech Systems Pvt Ltd.
17.9.Durabuild Care Pvt. Ltd.
17.10.KKS Gypsum India Pvt. Ltd.
18.Strategic Recommendations
19.About Us & Disclaimer
Note: - The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. Eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022

List of Figures
Figure 1: India Jointing Compound Market Size, By Value (INR Crore), 2017-2027F
Figure 2: India Jointing Compound Market Size, By Volume (Tonnes), 2017-2027F
Figure 3: Sector-wise GDP in India (%), 2021
Figure 4: India Jointing Compound Market Share, By Product Type, By Value, 2017-2027F
Figure 5: India Jointing Compound Market Share, By Application, By Value, 2017-2027F
Figure 6: India Jointing Compound Market Share, By Type, By Value, 2017-2027F
Figure 7: India Jointing Compound Market Share, By Region, By Value, 2017-2027F
Figure 8: India Jointing Compound Market Share, By Top 10 States, By Value, 2017-2027F
Figure 9: India Jointing Compound Market Share, By Company, By Value, 2021
Figure 10: India Jointing Compound Market Map, By Product Type, Market Size (INR Crore) & Growth Rate (%)
Figure 11: India Jointing Compound Market Map, By Application, Market Size (INR Crore) & Growth Rate (%)
Figure 12: India Jointing Compound Market Map, By Type, Market Size (INR Crore) & Growth Rate (%)
Figure 13: India Jointing Compound Market Map, By Region, Market Size (INR Crore) & Growth Rate (%)
Figure 14: India Single Jointing Compound Market Size, By Value (INR Crore), 2017-2027F
Figure 15: India Single Jointing Compound Market Size, By Volume (Tonnes), 2017-2027F
Figure 16: India Single Jointing Compound Market Share, By Application, By Value, 2017-2027F
Figure 17: India Single Jointing Compound Market Share, By Type, By Value, 2017-2027F
Figure 18: India Single Jointing Compound Market Share, By Region, By Value, 2017-2027F
Figure 19: India Multi Jointing Compound Market Size, By Value (INR Crore), 2017-2027F
Figure 20: India Multi Jointing Compound Market Size, By Volume (Tonnes), 2017-2027F
Figure 21: India Multi Jointing Compound Market Share, By Application, By Value, 2017-2027F
Figure 22: India Multi Jointing Compound Market Share, By Type, By Value, 2017-2027F
Figure 23: India Multi Jointing Compound Market Share, By Region, By Value, 2017-2027F
Figure 24: India Other Non-Refractory Mortars and Concretes Import Scenario, By Value (INR Crore), 2017-2021 (HS Code: 38245090)
Figure 25: India Other Non-Refractory Mortars and Concretes Export Scenario, By Value (INR Crore), 2017-2021 (HS Code: 38245090)
Figure 26: India Non-Refractory Surfacing Preparation for Facades, etc. Import Scenario, By Value (INR Crore), 2017-2021 (HS Code: 32149010)
Figure 27: India Non-Refractory Surfacing Preparation for Facades, etc. Export Scenario, By Value (INR Crore), 2017-2021 (HS Code: 32149010)
Figure 28: India Products for Use as Glues/Adhesives Put Up for Retail Sale as Glues/Adhesives Net Exceeding 1 kg Import Scenario, By Value (INR Crore), 2017-2021 (HS Code: 35061000)
Figure 29: India Products for Use as Glues/Adhesives Put Up for Retail Sale as Glues/Adhesives Net Exceeding 1 kg Export Scenario, By Value (INR Crore), 2017-2021 (HS Code: 35061000)

List of Tables
Table 1: Contribution of Construction Sector to India's GDP, 2017-2021 (INR Billion)
Table 2: Major Natural Disasters in India
Table 3: Average Annual Rainfall of the States of India

Report Title: 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


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