Press release
Wall Covering Market is Projected to Register at a Healthy CAGR of 8.71% by 2023
Wall Covering Market
The Wall Covering Market has experienced tremendous growth in recent years. The Wall Covering Market is projected to continue its positive trajectory, with an estimated CAGR of 8.71% by 2023. This bodes well for Wall Covering producers, retailers, and distributors as they stand to benefit significantly from the expanding Wall Covering.
During the forecast period, the global wallpaper market is expected to grow at a single digit rate. Wall tiles, wallpaper, frameless mirrors, interior paints and wall panels are just a few examples of the many products available in the global wallpaper market. Customizable color and pattern options to match your home's furniture is one of the benefits of wallpaper. Lack of design options and fading of colors and patterns over time are two of the disadvantages of wallpaper.
In addition to the growing interest in the environment, the development of new designs and the extension of the product lifespan are the main drivers of the wallpaper business. In addition, the global wallpaper market is driven by factors such as increasing urbanization, a growing middle class and rising living standards. However, the short lifespan and high price are major obstacles to the potential expansion of the wallpaper market.
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The market is likely to witness the launch of a range of wall panels and wallpapers as well as eco-friendly interior paints. Technological advances such as inkjet printing technology, which allows ceramic surfaces to duplicate any shape, pattern and texture, are expected to boost the wallpaper market worldwide.
The global wall coverings market is segmented by type, application, and region. Based on type, the global wallpaper market is segmented into color, wall panel, fabric wallpaper, glass wallpaper, metallic wallpaper, ceramic, and others. In addition, wall panels are divided into laminated board, laminated board, prefabricated gypsum board, solid wood board and other wall panels. Wallpaper is divided into paper-coated vinyl, fabric-coated vinyl, vinyl-coated fabric and other wallpaper.
Ceramics are divided into glass ceramics, porcelain ceramics and other ceramics. Based on application, the market is segmented into residential and non-residential. Finally, the market is geographically segmented into North America, Latin America, Western Europe, Eastern Europe and Asia Pacific excluding Japan, Japan, Middle East and Africa.
Europe is the top wallpaper market with the highest growth rate in the world and is expected to remain the top market in terms of market value throughout the forecast period. The Asia-Pacific region is projected to grow at a substantial growth rate during the forecast period, mainly due to the rise of the middle class, changing attitudes toward home decoration, and rapid urbanization.
However, the United States is the world's largest wallpaper market. China is one of the largest manufacturers of building materials and ranks first in the world for the production of ceramic tiles. Latin America is showing positive growth with countries such as Brazil and Chile due to growth in architectural paints.
Dal-Tile Corporation, Crossville Inc., Emilceramica SpA, Marazzi Group, Johnson Tiles, Blue Mountain, Brewster Home Fashions, F. Schumacher & Company, Marazzi Group, The Designtex Group, Decorative Panels International, Georgia-Pacific LLC, Nippon Paint Co Ltd., Wilsonart LLC, Akzo Nobel NV, Asian Paints Limited, Benjamin Moore & Co., Sherwin-Williams Company und Valspar Corporation, Handelsname: algunos.
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Region
• North America
• Us
• Europa
• France, Germany, Italy, Spain, Great Britain
• Eastern Europe
• APAC
Main features of this report
• Drivers, restraints, and challenges shaping Wall Covering market dynamics
• Latest innovations and major events in the industry
• Analysis of the trading strategies of top players.
• Wallpaper Market Estimates and Forecasts (2015-2021)
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