India Jointing Compound Market is expected to grow at a robust CAGR
India
Jointing Compound Market is expected to grow owing to government initiatives
like "Make in India" and infrastructure development programs create a
favorable environment for construction projects throughout the forecast period.
According
to TechSci Research report, “India
Jointing Compound Market – By
Region, Competition, Forecast and Opportunities, 2018-2028”, India
Jointing Compound Market is expected to register robust growth during the
forecast period. There is a growing trend of renovation and remodeling
activities in India, with homeowners and businesses investing in upgrading
existing properties. Jointing compounds play a critical role in these projects
by helping repair and finish walls and ceilings. This trend adds to the demand
for jointing compounds.
There
is a growing trend in India toward renovation and remodeling activities, with
many homeowners and businesses seeking to upgrade existing properties. Jointing
compounds are essential for repairing and finishing walls and ceilings during
these projects. The opportunities in the renovation and remodeling sector are
significant, as more individuals and businesses invest in improving their
living and working spaces.
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Based
on type, the All Purpose
segment is expected to dominate the market during the forecast period.
All-purpose jointing compounds are formulated to provide good adhesion, minimal
shrinkage, and resistance to cracking. They offer long-term durability and can
withstand temperature and humidity variations, ensuring that the finished
surfaces maintain their integrity over time. This makes them a reliable choice
for different construction and renovation projects. Manufacturers in the
all-purpose jointing compound segment are continually innovating to improve
product quality and performance. This includes developing low-VOC and
eco-friendly formulations, creating faster-drying options, and introducing
features like mold and mildew resistance. These innovations are aimed at
addressing the evolving needs of the market and aligning with environmental
regulations. With increased awareness of indoor air quality and sustainability,
consumers are showing a growing interest in jointing compounds with low-VOC or
eco-friendly attributes. This trend is likely to influence the purchasing
decisions of contractors and homeowners, leading to a shift toward more
environmentally responsible products within the all-purpose segment. In
summary, the all-purpose segment of the Indian Jointing Compound Market is
characterized by its versatility, ease of application, and strong performance
in various construction and renovation applications. As the construction
industry continues to grow and environmental considerations become more prominent,
this segment is expected to witness steady growth and ongoing innovation to
meet the diverse needs of the market.
Based
on application, the Residential segment is projected to dominate the market
throughout the forecast period. Homeowners and builders in the residential
segment prioritize the quality and aesthetics of jointing compounds. Smooth and
seamless finishes on walls and ceilings are essential for creating
aesthetically pleasing living spaces. Consumers are willing to invest in
high-quality jointing. As environmental awareness grows, residential consumers
are increasingly looking for low-VOC and eco-friendly jointing compounds. This
trend aligns with the broader sustainability goals of India and the emphasis on
creating healthier indoor living environments. Manufacturers are introducing
environmentally responsible options to meet this demand. In the residential
segment, a wide range of jointing compound products is available to cater to
different needs, from taping and filling to finishing. Manufacturers often
offer various formulations and sizes to suit the requirements of both
professionals and DIYers, ensuring that the market remains diverse and
competitive. Brand reputation and consumer trust play a significant role in the
residential segment. Consumers often rely on established and reputable brands
when choosing jointing compounds, as they want to ensure that the products they
use meet quality standards and expectations. In conclusion, the residential
segment of the Indian Jointing Compound Market is influenced by factors such as
the housing boom, renovation and remodeling activities, the growth of the DIY
market, and the demand for quality and eco-friendly products.
Key
market players in the 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.
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“The
India Jointing Compound Market in South India is poised to be the dominant
force in the industry. South India experiences a robust real estate sector,
with both residential and commercial construction projects on the rise. Major
cities like Bengaluru, Chennai, and Hyderabad are hubs for IT, education, and
healthcare sectors, attracting investments and driving construction activities.
Jointing compounds are essential for finishing interior surfaces in these
projects, making the segment a significant contributor to the market.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“India
Jointing Compound Market Segmented By Product (Single and Multi), By
Application (Residential, Commercial and Industrial), By Type (Taping, Topping,
All Purpose, LITE Drying and Setting), By Region, and By Competition, 2019-2029,” has evaluated the future growth
potential of India Jointing Compound Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Jointing Compound Market.
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