Global Wall Covering Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Wall Covering Market: Overview
“The global Wall Covering Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Wall covering or wallcovering is a material such as textured fabric or wallpaper that is used to decorate the interior walls of the building.
It includes products such as wall tiles, wallpapers, wall panels, interior paints, and unframed mirrors. Wall coverings are available in various designs, colors, sizes, texture, and materials including metal, paper, and ceramic.
It protects the wall or surface from scratches and other harsh environmental elements including sunlight.
Global Wall Covering Market: Dynamics
Increasing new commercial and residential building construction activities across the world is one of the major factor estimated to drive growth of the global market.
In addition, increasing remodeling activities among households and commercial spaces in order to change the interior look is another factor projected to support the revenue growth of the target market.
Moreover, rapid urbanization, improved standard of living, coupled with increasing disposable income of the population are some additional factors expected to augment target market growth.
Furthermore, increasing population globally and demand better accommodations some other key factors which are fueling growth of the global market during the forecast.
However, Paint is considered a better option as compared to wall coverings which may hamper growth of the global market. In addition, lack of design available and fading of color and patterns are some factor projected to hamper growth of the target market.
Global Wall Covering Market: Segmental Analysis
Among the product segments, the wall panel segment is projected to account for significant revenue shares, in the global market, owing to its characteristics including easy to install, durability, and availability in multiple designs to choose.
Among the sales channel segments, the building material dealer segment is anticipated to register significant growth, owing to the availability of a variety of products at one single place.
Among the application segments, the residential segment is projected to register considerable growth, owing to an inclination towards modernization of household.
Global Wall Covering Market: Regional Analysis
Asia Pacific wall covering market is projected to register significant growth over the forecast period. In addition, the rising demand for better housing facilities, coupled with increasing spending power and high standard of living are some other major factors anticipated to propel growth of the target market in this region.
In addition, a growing number of residential and commercial construction activities in emerging countries such as China and India is a factor expected to support revenue growth of the target market.
The growth of the wall covering market in North America is attributable to increasing infrastructural development activities among commercials spaces. In addition, increasing renovation activities among households in order to add an aesthetic look to the home is a major factor fueling demand for the wall coverings in the region.
Markets in Latin America, Europe, and Middle East & Africa are projected to register moderate growth.
Global Wall Covering Market Segmentation:
Segmentation by Product:
- Wall Panel
- Wall Paper
- Metal Wall Covering
Segmentation by Sales Channel:
- Specialty Store
- Building Material Dealer
- Home Center
- Furniture Store
- Mass Merchandizer
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ahlstrom-Munksjö Oyj
- Saint-Gobain ADFORS America, Inc.
- S. Création Group
- Asian Paints Limited (APL)
- Nippon Paint Holdings Co. Ltd
- Walker Greenbank PLC
- Grandeco Wallfashion Group
- Josephson Inc.
- Benjamin Moore & Co.
- Brewster Home Fashions LLC
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