Latin America joint compound industry size reached US$ 46.0 million in 2022. Over the forecast period, joint compound demand in Latin America is anticipated to rise at 6.3% CAGR. The industry is projected to increase from US$ 48.6 million in 2023 to US$ 89.5 million in 2033.
Attributes | Key Insights |
---|---|
Base Value (2022) | US$ 46.0 million |
Estimated Latin America Joint Compound Industry Size (2023) | US$ 48.6 million |
Projected Latin America Joint Compound Revenue (2033) | US$ 89.5 million |
Value-based CAGR (2023 to 2033) | 6.3% |
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Latin America's joint compound industry is predicted to expand over 2.1x through 2033, amid a 5.1% increase in expected CAGR compared to the historical one. This is due to the growing demand for construction and infrastructure development. By 2033, the total industry revenue is set to reach US$ 89.5 million.
Brazil to Lead Latin America Joint Compound Industry
Brazil is expected to dominate the joint compound industry during the forecast period. It is set to hold around 27.4% of Latin America’s industry share in 2033. This is attributed to the following factors:
Based on End-use, Residential Construction is Grabbing the Opportunity
The residential construction segment is expected to dominate Latin America’s joint compound industry with a volume share of 44.7% in 2023. Residential construction is expected to remain the key end-use sector for joint compounds in the region owing to the significant scope of high consumption from the renovation sector.
Joint compound sales in Latin America grew at a CAGR of 1.2% between 2018 and 2022. The industry reached US$ 46.0 million in 2022. In the forecast period, the joint compound industry is set to thrive at a CAGR of 6.3%.
Historical CAGR (2018 to 2022) | 1.2% |
---|---|
Forecast CAGR (2023 to 2033) | 6.3% |
The joint compound industry witnessed moderate growth between 2018 and 2022. This was due to economic growth in emerging industries leading to increased construction and infrastructure development.
The COVID-19 pandemic has adversely affected several industries, including joint compounds, in terms of supply and demand. The pandemic disrupted the supply chains, leading to shortages of raw materials and finished goods. This, in turn, led to a shortage of joint compounds. The pandemic further reduced the demand for joint compounds as the construction industry slowed down due to lockdowns and restrictions.
Future Scope of Latin America Joint Compound Industry
Over the forecast period, Latin America’s joint compound industry is poised to exhibit healthy growth, reaching a valuation of US$ 89.5 million by 2033. The construction industry is expected to showcase growth stability primarily due to rising urbanization in emerging countries across Latin America.
The resurgence of the construction industry in Latin America and notable growth & prospects for new construction in developing and emerging economies are expected to raise the construction industry. This is set to create a high demand for joint compounds in Latin America.
Ready-mix type of joint compound is expected to dominate in terms of product type throughout the forecast period. A ready-mix joint compound is set to be designed for fast application. It has easy maintenance, spreads smoothly, and dries up if left unattended for a long period.
Government investments in infrastructure projects, such as roads, bridges, and public buildings, are further expected to amplify the demand for joint compounds. The construction boom associated with urbanization positions joint compound manufacturers at the forefront, shaping the urban landscape in Latin America. These factors are expected to surge the demand for joint compounds by 2033.
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The below table shows the estimated growth rates of the top five countries. Mexico, Colombia, and Peru are set to record high CAGRs of 7.3%, 6.9%, and 6.6%, respectively, through 2033.
Countries | Projected Joint Compound CAGR (2023 to 2033) |
---|---|
Brazil | 4.6% |
Mexico | 7.3% |
Colombia | 6.9% |
Argentina | 5.4% |
Peru | 6.6% |
Over the assessment period, demand for joint compounds in Brazil is set to rise at 4.6% CAGR. Here are the trends enhancing the industry in Brazil:
Over the forecast period, joint compound industry in Mexico is set to increase at a robust CAGR of 7.3%. A handful of the trends are as follows:
By 2033, joint compound industry demand in Colombia is expected to surge at a CAGR of 6.9%. A handful of the factors are as follows:
The section below shows the ready mix segment dominating based on product type. It is forecast to thrive at a 6.5% CAGR between 2023 and 2033. Based on application, the new construction segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 6.6% during the forecast period.
Top Segment (Product Type) | Ready Mix |
---|---|
Predicted CAGR (2023 to 2033) | 6.5% |
Convenience is one of the key benefits of ready mix joint compounds. They save building time and effort by doing away with the requirement for on-site mixing. By using these chemicals directly, contractors are set to cut down on labor-intensive preparatory work.
Ready-mix joint compounds are produced in a controlled environment to provide a reliable and homogenous result. This uniformity plays a crucial part in the joint compound's dependability regarding workability, drying properties, and adhesion.
Ready mix joint compounds come in a range of formulas to suit different requirements. They can be divided into groups according to how quickly they dry, such as lightweight or quick-setting compounds.
As these materials are so versatile, contractors select this ideal compound for several applications. Over the forecast period, the ready mix segment is expected to rise at a CAGR of 6.5%.
Top Segment (Application) | New Construction |
---|---|
Projected CAGR (2023 to 2033) | 6.6% |
In order to eliminate significant gaps and create a seamless look, a joint compound is put over joint tapes to produce a smooth, continuous surface. Sometimes, in new construction, drywall surfaces need to be repaired because of dents, nicks, or other flaws.
The surfaces are patched and repaired with joint compounds. Joint compound is estimated to be extensively used in new construction because of their adaptability, cost-effectiveness, and versatility. The new construction segment is projected to thrive at a 6.6% CAGR during the forecast period.
The joint compound industry in Latin America is highly consolidated, with leading players accounting for 35.1% share. Companies such as de Saint-Gobain S.A, USG Corporation, Knauf, Dryvitex, Supermastick S.A.S, Durlock, and ProForm Finishing Products LLC are the leading manufacturers and suppliers of joint compounds listed in the report.
Key joint compound companies are investing in continuous research to produce new products and increase their capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.
Leading Companies
Attribute | Details |
---|---|
Estimated Value (2023) | US$ 48.6 million |
Projected Value (2033) | US$ 89.5 million |
Anticipated Growth Rate (2023 to 2033) | 6.3% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (US$ million) and Volume (metric tons) |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, End-use, Application, Region |
Key Countries Covered | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Ecuador, Paraguay, Uruguay, Guatemala, Bolivia, Costa Rica, Rest of Latin America |
Key Companies Profiled | Compagnie de Saint-Gobain S.A; USG Corporation; Knuaf, Dryvitex; Supermastick S.A.S, Durlock; Votorantim Cimentos; Plaka Group; ASG Plaster; Cemix Mexico S.A. DE C.V; Promat, Gyplac; DAP Products Inc.; Solid Products, Inc.; ProForm Finishing Products LLC |
Latin America’s industry was valued at US$ 46.0 million in 2022.
The industry value reached US$ 48.6 million in 2023.
The industry is anticipated to rise at a 6.3% CAGR.
Latin America’s joint compound industry size is set to reach US$ 89.5 million by 2033.
New construction is expected to lead the industry during the forecast period.
The ready mix segment is expected to dominate the joint compound industry.
1. Executive Summary
1.1. Latin America Industry Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Industry Overview
2.1. Industry Coverage / Taxonomy
2.2. Industry Definition / Scope / Limitations
3. Key Trends
3.1. Key Trends
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Latin America Industry Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Volume (metric tons) Analysis, 2018 to 2022
5.2. Current and Future Volume (metric tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Latin America Industry - Pricing Analysis
6.1. Country wise Pricing Analysis By Product Type
6.2. Latin America Average Pricing Analysis Benchmark
7. Latin America Industry Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Industry Background
8.1. Macro-Economic Factors
8.1.1. Latin America GDP Growth Outlook
8.1.2. Latin America Chemical industry Overview
8.1.3. Manufacturing Value-Added
8.1.4. Industry Value Added
8.1.5. Parent Industry Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry forecast
8.2.4. Latin America Urbanization Growth Outlook
8.2.5. Business Climate
8.2.6. Covid-19 Impact Assessment
8.2.7. End-use Industry Growth Outlook
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.3.3. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Industry Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Latin America Supply Demand Analysis
8.7. Key Regulations & Certifications
8.8. Production Process Overview
8.9. Trade Scenario
9. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
9.1. Introduction / Key Findings
9.2. Historical Industry Size (US$ million) and Volume Analysis By Product Type, 2018 to 2022
9.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By Product Type, 2023 to 2033
9.3.1. Ready Mix
9.3.2. Setting Type
9.3.3. Drying Type
9.4. Industry Attractiveness Analysis By Product Type
10. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
10.1. Introduction / Key Findings
10.2. Historical Industry Size (US$ million) and Volume Analysis By End Use, 2018 to 2022
10.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By End Use, 2023 to 2033
10.3.1. Residential Construction
10.3.2. Commercial Construction
10.3.3. Institutional Construction
10.3.4. Industrial Construction
10.4. Industry Attractiveness Analysis By End Use
11. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
11.1. Introduction / Key Findings
11.2. Historical Industry Size (US$ million) and Volume Analysis By Application, 2018 to 2022
11.3. Current and Future Industry Size (US$ million) and Volume Analysis and Forecast By Application, 2023 to 2033
11.3.1. New Construction
11.3.2. Refurbishments
11.4. Industry Attractiveness Analysis By Application
12. Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
12.1. Introduction
12.2. Historical Industry Size (US$ million) and Volume Analysis By Country, 2018 to 2022
12.3. Current Industry Size (US$ million) and Volume Analysis and Forecast By Country, 2023 to 2033
12.3.1. Argentina
12.3.2. Brazil
12.3.3. Mexico
12.3.4. Chile
12.3.5. Colombia
12.3.6. Peru
12.3.7. Ecuador
12.3.8. Paraguay
12.3.9. Uruguay
12.3.10. Guatemala
12.3.11. Bolivia
12.3.12. Costa Rica
12.3.13. Rest of Latin America
12.4. Industry Attractiveness Analysis By Country
13. Argentina Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
13.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
13.4.1. By Product Type
13.4.2. By End Use
13.4.3. By Application
13.5. Industry Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By End Use
13.5.3. By Application
13.6. Industry Trends
13.7. Key Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Brazil Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
14.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
14.4.1. By Product Type
14.4.2. By End Use
14.4.3. By Application
14.5. Industry Attractiveness Analysis
14.5.1. By Product Type
14.5.2. By End Use
14.5.3. By Application
14.6. Industry Trends
14.7. Key Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Mexico Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
15.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
15.4.1. By Product Type
15.4.2. By End Use
15.4.3. By Application
15.5. Industry Attractiveness Analysis
15.5.1. By Product Type
15.5.2. By End Use
15.5.3. By Application
15.6. Industry Trends
15.7. Key Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. Chile Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
16.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
16.4.1. By Product Type
16.4.2. By End Use
16.4.3. By Application
16.5. Industry Attractiveness Analysis
16.5.1. By Product Type
16.5.2. By End Use
16.5.3. By Application
16.6. Industry Trends
16.7. Key Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Colombia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
17.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
17.4.1. By Product Type
17.4.2. By End Use
17.4.3. By Application
17.5. Industry Attractiveness Analysis
17.5.1. By Product Type
17.5.2. By End Use
17.5.3. By Application
17.6. Industry Trends
17.7. Key Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Peru Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
18.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
18.4.1. By Product Type
18.4.2. By End Use
18.4.3. By Application
18.5. Industry Attractiveness Analysis
18.5.1. By Product Type
18.5.2. By End Use
18.5.3. By Application
18.6. Industry Trends
18.7. Key Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Ecuador Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
19.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
19.4.1. By Product Type
19.4.2. By End Use
19.4.3. By Application
19.5. Industry Attractiveness Analysis
19.5.1. By Product Type
19.5.2. By End Use
19.5.3. By Application
19.6. Industry Trends
19.7. Key Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Paraguay Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
20.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
20.4.1. By Product Type
20.4.2. By End Use
20.4.3. By Application
20.5. Industry Attractiveness Analysis
20.5.1. By Product Type
20.5.2. By End Use
20.5.3. By Application
20.6. Industry Trends
20.7. Key Participants - Intensity Mapping
20.8. Drivers and Restraints - Impact Analysis
21. Uruguay Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
21.1. Introduction
21.2. Pricing Analysis
21.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
21.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
21.4.1. By Product Type
21.4.2. By End Use
21.4.3. By Application
21.5. Industry Attractiveness Analysis
21.5.1. By Product Type
21.5.2. By End Use
21.5.3. By Application
21.6. Industry Trends
21.7. Key Participants - Intensity Mapping
21.8. Drivers and Restraints - Impact Analysis
22. Guatemala Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
22.1. Introduction
22.2. Pricing Analysis
22.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
22.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
22.4.1. By Product Type
22.4.2. By End Use
22.4.3. By Application
22.5. Industry Attractiveness Analysis
22.5.1. By Product Type
22.5.2. By End Use
22.5.3. By Application
22.6. Industry Trends
22.7. Key Participants - Intensity Mapping
22.8. Drivers and Restraints - Impact Analysis
23. Bolivia Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
23.1. Introduction
23.2. Pricing Analysis
23.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
23.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
23.4.1. By Product Type
23.4.2. By End Use
23.4.3. By Application
23.5. Industry Attractiveness Analysis
23.5.1. By Product Type
23.5.2. By End Use
23.5.3. By Application
23.6. Industry Trends
23.7. Key Participants - Intensity Mapping
23.8. Drivers and Restraints - Impact Analysis
24. Costa Rica Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
24.1. Introduction
24.2. Pricing Analysis
24.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
24.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
24.4.1. By Product Type
24.4.2. By End Use
24.4.3. By Application
24.5. Industry Attractiveness Analysis
24.5.1. By Product Type
24.5.2. By End Use
24.5.3. By Application
24.6. Industry Trends
24.7. Key Participants - Intensity Mapping
24.8. Drivers and Restraints - Impact Analysis
25. Rest of Latin America Industry Analysis 2018 to 2022 and Forecast 2023 to 2033
25.1. Introduction
25.2. Pricing Analysis
25.3. Historical Industry Size (US$ million) and Volume Trend Analysis By Taxonomy, 2018 to 2022
25.4. Industry Size (US$ million) and Volume Forecast By Taxonomy, 2023 to 2033
25.4.1. By Product Type
25.4.2. By End Use
25.4.3. By Application
25.5. Industry Attractiveness Analysis
25.5.1. By Product Type
25.5.2. By End Use
25.5.3. By Application
25.6. Industry Trends
25.7. Key Participants - Intensity Mapping
25.8. Drivers and Restraints - Impact Analysis
26. Industry Structure Analysis
26.1. Industry Analysis by Tier of Companies
26.2. Industry Concentration
26.3. Industry Share Analysis of Top Players
26.4. Production Capacity Analysis
26.5. Industry Presence Analysis
26.5.1. By Application Footprint of Players
26.5.2. By Country-wise Footprint of Players
26.5.3. By Channel Footprint of Players
27. Competition Analysis
27.1. Competition Dashboard
27.2. Competition Benchmarking
27.3. Competition Deep Dive
27.3.1. Compagnie de Saint-Gobain S.A
27.3.1.1. Overview
27.3.1.2. Product Portfolio
27.3.1.3. Profitability by Segments (Product/Channel/Country)
27.3.1.4. Sales Footprint
27.3.1.5. Strategy Overview
27.3.2. USG Corporation
27.3.3. Knuaf
27.3.4. Dryvitex
27.3.5. Supermastick S.A.S
27.3.6. Durlock
27.3.7. Votorantim Cimentos
27.3.8. Plaka Group
27.3.9. ASG Plaster
27.3.10. Cemix Mexico S.A. DE C.V
27.3.11. Promat
27.3.12. Gyplac
27.3.13. DAP Products Inc.
27.3.14. Solid Products, Inc.
27.3.15. ProForm Finishing Products, LLC
28. Primary Insights
29. Assumptions and Acronyms Used
30. Research Methodology
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