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

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2015 – 2025
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MARKET INTELLIGENCE . CONSULTING
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INDIA JOINTING COMPOUND MARKET
FORECAST AND OPPORTUNITIES
2017 – 2027

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Table of Contents
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S. No. Contents
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 (FY2021)
6.3. Market Map

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Table of Contents
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S. No. Contents
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

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Table of Contents
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S. No. Contents
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

5. ProductOverview

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Product Overview
Product of Interest: Jointing Compound
Review Period
FY2017 – FY2020
Base Year
FY2021
Estimated Year
FY2022
Forecast Period
FY2023 – FY2027
Year Range
INDIA JOINTING COMPOUND
MARKET
The jointing compound is the 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.
Market Segmentation
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BY PRODUCT TYPE BY TYPE
• Taping
• Topping
• All Purpose
• LITE Drying
• Setting
BY APPLICATION
• Residential
• Commercial
• Industrial
• Single
• Multi
BY REGION
• North
• East
• West
• South

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Product Overview
Product of Interest: Jointing Compound
7
• Taping Compound: Taping compounds are usually applied to joints with larger gaps between sheets or surface repairs where a
lightweight filling is needed. It can also act as a sealant and provide protection against nail pops, which creates small holes in the
wall while nailing them on surfaces such as wood floors. It is great for covering cracks.
• Topping Compound: Topping compounds are applied over the taping compound and act as a sealant. They also protect joints from
cracking due to temperature changes during installation or in case of an earthquake. It has smooth consistency and it can be reused
for future use since it is prepared after mixing water.
• All-Purpose Compound: All-purpose jointing compound is used for all phases of the drywall process, including finishing, joints,
textures, skimming, spotting fasteners, and covering cracks. All-purpose jointing compounds are thicker, allowing more compaction
before the next layer can be applied or need to be reworked. It is lightweight and has a highly durable surface.
• LITE Drying Compounds: LITE drying compounds are designed to reduce weight, odor, and cost. They use less filler in the
compound formulation which results in lower material costs as well as a lighter product that is easier for contractors to work with
on-site.
• Setting Compounds: Setting compounds are those type of jointing compounds which are used to seal and cover seams, cracks, or
holes in ceilings, walls, and other surfaces. They are typically mixed with a latex additive for increased flexibility.

8. ResearchMethodology

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Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing List of
Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players,
overall market size and
segmental market size in
India jointing compound
market.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
India jointing compound
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor Presentations
✓ Regulatory Body
Secondary Research
Primary Research
9

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Research Methodology
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Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of India jointing compound market. The team
has analyzed the outlook of various segments of this market, while considering the major influencing factors and projected growth
during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while
planning their strategy to achieve sustainability in India jointing compound market.
Methodology Followed for Calculation of Market Size:
Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2021 was calculated based on
information collected through exhaustive secondary research and primary surveys, with various key opinion
leaders/stakeholders and industry experts.
The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in India jointing
compound market to obtain the overall market size during FY2017-FY2021, which was validated by the Delphi technique. Taking
standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-2021.

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Research Methodology
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Respondents were asked about the current and future market growth rates, as well as market shares by product type, by
application, by type, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates
and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares.
Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the
component.
Methodology Followed for Calculation of Market Shares:
Market shares by product type, by application, by type, by region, and by company were calculated based on the responses
received through primary surveys with industry experts, in which the respondents were asked about the market shares of the
leading jointing compound players. The final shares were calculated by taking the geometric mean of the responses gathered
from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies
operating and their competitive structure in India jointing compound market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the
survey results in SPSS/Tableau Software.

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Research Methodology
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Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
India jointing compound market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market
demand scenario.
Partial List of Companies
Interviewed
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. and KKS Gypsum India Pvt. Ltd., among others
Partial List of Secondary
Sources
Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company
Websites, TechSci Research Proprietary Database & Knowledge Repository, etc.
Note: (a) Sum of some shares may not be 100% due to round off till two decimal places.
(b) 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.

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Industry Brief
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Boom in urban housing projects and rising need for renovation to drive India jointing compound market through 2027F.
According to TechSci Research report, “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,
2017-2027”, India jointing compound market was valued at INR122.61 crore in 2021 and is projected to grow at a CAGR of 5.76% to reach
INR170.15 crore by 2027. The growth in the India jointing compound market can be ascribed to aging building structures and expansion of
metro rail projects. Jointing compounds are used for final touch up to prevent damping and cracks, hence, are increasingly being used in
metro station construction. Besides, expansion of Indian metro in various cities is expected to push the growth of the market through 2027.
With the Indian government's primary priority being "Housing for All" and infrastructure reforms, and Smart Cities program, demand for
jointing compounds in housing such as for flooring, ceiling & wall is growing steadily. In addition, the Indian government is focusing on
construction development by enacting policies such as FDI regulations and huge budget allocations for housing sector.
Sudden outbreak of COVID-19 adversely impacted infrastructural activities as government mandated halting of non-essential activities.
Slowed development projects coupled with labor shortage negatively impacted the growth of the market. However, post lockdown, the
market recovered to some extent with the opening up of production units, manufacturing plants, and other industries. It is expected that India
jointing compound market will grow marginally and is projected to reach INR170.15 crore by FY2027.
India jointing compound market is segmented into product type, application, type, regional distribution, and company. Based on product type,
the market can be segmented into single and multi. Single segment accounted for the share of over 66% in 2021 and the segment is
anticipated to continue dominance through 2027. Anticipated growth of the segment can be attributed to increasing application of jointing
compounds in repairing of cracks ceilings or walls of aging building structures. 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.
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 are the leading players operating in the India jointing compound market. Market is highly
consolidated with five players accounting for 34% share in 2021.
“Western Region was 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% from 2022-2027.
Favorable government regulations for the construction projects such as Mumbai Ahmedabad High-Speed Rail Corridor, Delhi-Mumbai
Industrial Corridor Project, Mumbai Development Plan 2034, Bengaluru Mumbai Industrial Corridor Project are anticipated to create new
opportunities for industry players in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.

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Sample Data – Snapshot
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CAGR 2017-2021
By Value: xx%
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Value (INR Crore)
CAGR 2022E-2027F
By Value: xx%
India Jointing Compound Market Size, By Value (INR Crore), 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Single 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Multi 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%
India Jointing Compound Market Share, By Product Type, By Value, 2017-2027F
India Multi Jointing Compound Market Share, By Type, By Value, 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
All Purpose 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Topping 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Taping 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
LITE Drying 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Setting 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

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Report Name: INDIA JOINTING COMPOUND MARKET
FORECAST AND OPPORTUNITIES
2017 – 2027
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16. About Us & Disclaimer
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number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or
omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market
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