Wall Covering Market Brief Overview by Research Cosmos

Wall Covering Market Analysis Size, Growth rate and Overview:

Wall Covering Market was valued at USD 26.1 billion in 2017 and is expected to reach almost USD 33.6 billion by the end of 2023, growing at a CAGR of around 4.35% over the predicted period.

Changes in customer buying patterns have led to a dynamic change in the modern wall covering industry, from traditional paint to design-oriented wall coverings. The rise in disposable income and increasing infrastructural activities are supporting the market demand. The Asia-Pacific region is expected to experience significant growth during the projection period. Nevertheless, small shelf life and high cost are the main factors which are holding the market from its potential growth. The market is expected to witness the launch of a variety of viable wall panels and wallpapers, eco-friendly room’s paints. Technological improvement such as ink-jet printing technology which enables the ceramic surfaces to copy any look, design, and texture is anticipated to increase the wall covering market globally.

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Wall Covering Market Key Drivers, Challenges, and Opportunities:

The main driver of wall covering market includes growing environment consciousness linked with the introduction of the new styled product and excellent shelf life. Also, rapid urbanization, increasing middle class and increasing standard of living are some of the circumstances which are also making the market globally. The wallpaper section of the market is seeing a continuous innovation. In addition, the extension of other features, like breathable fabrics that eliminates the limitations of molds, is greatly facilitating the completion of the wall-coverings market in both residential and industrial sectors. Further, the features, such as washable covers and wallpapers, significantly continues to usability. Hence, these representatives are expected to provide a major increase in the global market.

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Wall Covering Market – Regional Presence:

Europe is the main market for wall coverings with the highest growth rate and expected to remain the major market in terms of value through the projected period. The Asia Pacific is expected to grow at a vital growth rate over the projected period primarily due to the rising middle class and their changing attitude towards internal decors coupled with rapid urbanization. However, the US is the single biggest market globally for wall covering. China is one of the main producers of building materials and ranks first in the generation of ceramic tiles worldwide. Latin America shows positive growth in its countries such as Brazil and Chile due to increasing architectural coatings.

Some of the Key Players Profiled in this Wall Covering Market Report are:

Adfors (Saint Gobain), Nippon Paint Holdings Co. Ltd, Grandeco Wallfashion Group, Asian Paints Limited (APL), A.S. Création Group, Ahlstrom-Munksjo Oyj, Walker Greenbank PLC, Brewster Home Fashion, J. Josephson Inc., Benjamin Moore & Co.

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