Wall Covering Market Business Growth 2021, Top Key Players Update, Statistics, Global Trend, and Development Status Forecast to 2024


Wall Covering

Wall Covering Market” report provides profound research of industry players, dynamics, and strategies are segmented and sub-segmented to simplify the actual conditions of the industry. The report also covers scope of product market, research methodology, Porter’s Five Force analysis, and Competitive landscape of industry. This report scrutinizes all the key factors influencing growth of global Wall Covering market, including production and value chain analysis, pricing structure, demand-supply scenario, profit margins.

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Top Players Are:

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

    Key Market Trends:

    Residential Sector is expected to register a Significant Growth

    The increasing demand for premium real estate is one of the vital trends impacting the market studied. Real estate companies are focusing on value addition, by offering sophisticated designs and luxurious interiors, to lure consumers.

    The demand in residential wall coverings is mainly driven by household customization. Moreover, with increasing residential construction and growth of spending power of people, in regions like Asia-Pacific, the market studied is expected to register growth. Additionally, the decrease in average household size, owing to an increasing number of individuals living alone, is driving the demand for real estate, thereby influencing the demand for wall coverings.

    Moreover, the advancements in wall covers have led to the introduction of eco-friendly interior products for residences. The 3D wall panels and 3D wall tiles have become prominent in the market, in recent times.

    Geographic Trends

    Latin America has a significant growth rate over the forecast period owing to flowing investments in the construction sector. Brazil has the highest market share in this region followed by Mexico. Growth opportunities through 2016 will be sparked by a recovery in both non-residential and residential building markets and strengthening prospects in renovation and repair markets.

    Adoption of wall covering products in the region is buoyed by the increasing construction sector in countries like Brazil and Mexico along with the greatest gains in residential markets. For instance, China Communication and Construction also signed a USD 700 million deal for the construction of a terminal at the Port of Sao Luis, while a USD 300 million loan deal was reached between the Exim Bank of China and Banco do Brasil.

    Imports of wall covering products have been steadily declining for a decade, reflecting the weakening market environment for wallpaper. However, changing consumer preferences and improving economies are expected to offer opportunities for growth in the region.

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    Market Overview:

  • The Wall Covering Market is expected to register a CAGR of over 4.63% during the forecast period 2019 – 2024. The increasing disposable income and rapid rise in urbanization have been significantly driving the historic transformation of human social roots on a global scale, by predominantly replacing rural culture. This has resulted in the increasing usage of wall coverings, along with other modern products, such as window frames with very low heat transmission, electrical cables and conduits, easily cleaned flooring, and light reflecting roofing.
  • Residential constructions account for a substantial market share in wallpaper market and are expected to witness a significant growth rate. The employment opportunities and population growth are fundamental drivers of rising demand for new housing as sustained population growth across the world has led to increased demand for all dwellings, including apartments.
  • Furthermore, high-density apartments have also accounted for most of this increase in residential buildings, such that in Australia, by 2015, apartments accounted for one-third of all residential building approvals. The increase in apartment construction delivered many dwellings that are less expensive than larger, lower-density housing.
  • The wall covering market suffers from negative consumer perceptions and stiff competition from paint and coatings. Paint is considered a better option, as compared to wall coverings in certain applications. For instance, in rooms with high humidity levels, paints are more suitable because, unlike wallpaper, paint is suited to both the kitchen and bathroom, can deal with humidity, and is mold resistant.
  • Moreover, removing existing wallpaper can be a tedious task that requires the right tools to be effective. Stripping wallpaper can be done with chemicals or stripping tools, but care must be taken or the wall can be damage.Paints, however, have reduced their cons over years. Applying primer paint in advance to painting over darker color paint will make painting preparation easier. Also, paint requires considerably less preparation time than wallpaper.
  • Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Scope of the Report:

    Wall coverings protect the wall surface from accidental marks or scratches, besides imparting an air of quality and grandeur to uncovered walls. They further help in neutralizing interior and customizing it with the help of various colors and patterns. Also, these coverings are cost effective. The two common areas of applications of wall coverings include residential and commercial. Residential wall coverings are mainly used in homes and in small businesses to add attractiveness to rooms and to express individual style.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Wall Covering Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Number Of Residential Buildings
    4.3.2 Availability Of Styled Products
    4.3.3 Increase In Do-it-yourself (Diy) Trends
    4.4 Market Restraints
    4.4.1 High Competition From Paints
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness Porters Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Wall Panel
    5.1.2 Wall Paper
    5.1.3 Tile
    5.1.4 Metal Wall Covering
    5.1.5 Others
    5.2 By Application
    5.2.1 Commercial
    5.2.2 Residential
    5.3 By Distribution Channel
    5.3.1 Specialty Store
    5.3.2 Home Center
    5.3.3 Building Material Dealer
    5.3.4 Furniture Store
    5.3.5 Mass Merchandizer
    5.3.6 E-commerce
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia Pacific
    5.4.4 Latin America
    5.4.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Adfors (Saint Gobain)
    6.1.2 Ahlstrom-Munksjö Oyj
    6.1.3 Asian Paints Limited (APL)
    6.1.4 A.S. Création Group
    6.1.5 Walker Greenbank PLC
    6.1.6 Nippon Paint Holdings Co. Ltd
    6.1.7 Grandeco Wallfashion Group
    6.1.8 Brewster Home Fashion
    6.1.9 J. Josephson Inc.
    6.1.10 Benjamin Moore & Co.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

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