Wallpaper Market is estimated to touch USD 6.89 Billion by 2023

Wallpaper Market Analysis Size, Growth rate and Overview:

Wallpaper Market was valued at USD 2.51 Billion in 2018 and is expected to reach almost USD 6.89 Billion by the end of 2023, growing at a CAGR of around 21.0% over the predicted period.

The wallpaper covers and decorates the interior walls of houses, offices and other buildings, and is part of the interior design. Due to its variety of characteristics, such as the diversity of colors, the richness of the patterns, protection of the environment, the convenient installation, etc., it enjoys considerable popularity.

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Wallpaper Market Key Drivers, Challenges, and Opportunities:

The global wallpaper industry is anticipated to witness rapid adoption by 2023. Rising housing necessities and demographic preferences are constantly affecting the market activity. Rising housing prerequisites and quickly developing distribution channels and the exclusive outlets are supposed to aid the growth. The increase in the real estate sector is driving the growth of the wallpaper market. The durability and ease of installation over conventional methods of decorating walls, such as wall painting, increase the demand in the industry. In addition, the wallpaper is able to hide the wall defects impossible to paint. The absence of harmful substances, such as lead, also stimulates the growth of the market. The increase in disposable income and the increasing sophistication of the housing needs of the middle class are also giving way to market growth. However, the high cost of specialized wall coverings limits the market.

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Wallpaper Market – Regional Presence:

Asia Pacific is the leading region for the global wallpaper market, accounting for more than half of the total market share. The increasing constructions and demand for attractive interiors among the population are the main factors supporting the growth in Asia Pacific.

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

Asheu Wallpapers, York Wallcoverings, MARBURGER TAPETENFABRIK J.B. Schaefer GmbH & Co. KG, Brewster Home Fashions, Osborne & Little, The Romo Group, Filpassion S.A., Grandeco Group, 4Walls, Arte-International

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