US Wallcovering Market Industry Analysis, Growth, Trends and Forecast to 2026 - York Wall Coverings, F. Schumacher, Crossville Inc., Georgia-Pacific

The “US Wallcovering Market” report 2021-2026 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The US Wallcovering Market was valued at USD 5.41 billion in 2020, and it is expected to reach USD 6.58 billion by 2026, registering a CAGR of 3.41% during the forecast period (2021-2026).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Wallcovering market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Top Companies in the US Wallcovering Market: Brewster Home Fashion, Benjamin Moore & Co., York Wall Coverings, F. Schumacher, Crossville Inc., Georgia-Pacific, Mohawk Industries Inc., Ahlstrom-Munksjö Oyj, Johns Manville Corporation, Rust-Oleum Corporation, Sherwin-Williams Company, The Valspar Company, Koroseal Wall Protection, Len-Tex Corporation, Wallquest Inc., and Other.

Industry News and Update:

- Nov 2019 - Johns Manville (JM) announced that it had signed an agreement to acquire ITW Insulation Systems, a business owned by Illinois Tool Works Inc. that is well known in the industrial industry for its premium, low-temperature polyisocyanurate foam insulation, and metal jacketing solutions.

Key Market Trends:

Rebounding Residential Construction Activity in the USA is Boosting the Market

- The residential construction segment is expected to account for a significant market share in the wallcovering market and is expected to witness a notable growth rate in the United States. As the employment opportunities are growing based on population growth are key drivers that tend to increase demand for new housing, dwellings, and apartments.

- According to Thomson Reuters, the US homebuilding rebounded in October 2019, and permits for future home construction surged to a more than 12-year high, pointing to force in the housing market amid cheaper mortgage rates. Housing started advancing 8.5% on a year-on-year basis in October, and building permits climbed 5.0% to a rate of 1.461 million units in October, the highest level since May 2007.

- Housing completions in the United States vaulted 10.3% to 1.256 million units in September. Realtors predicted that housing starts and completion rates required to be in a range of 1.5 million to 1.6 million units per month to meet the inventory gap. The stock of housing under construction grew by 0.1% to 1.161 million units, the greatest since January (Reuters, 2019).

- The housing market, the most susceptible sector to interest rates in the United States, has perked up in recent months, getting up to the US Federal Reserve's relaxed monetary policy stance, which has pushed down mortgage rates from last year's multi-year highs. Residential investment rebounded in the third quarter of 2019, after contracting for six straight quarters, the longest such stretch since the 2007-2009 recession.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a US and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The US Wallcovering Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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