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Global Wall Covering Market 2021 Segmented by Application and Geography Trends, Growth and Forecasts

Wall Covering

The report focuses on the favorable Global “Wall Covering market” and its expanding nature. The Wall Covering market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

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.
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    Key Manufacturers

  • 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.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Wall Covering market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Wall Covering market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Wall Covering market have also been involved in the study.

    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.

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    TOC of Wall Covering Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Wall Covering market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Wall Covering Market Report Covered:

    • The report analyses how Wall Covering market will grow in the future.
    • Analyzing various perspectives of the Wall Covering market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Wall Covering market shares and policies employed by the major market players.
    • Competitive landscape including the Wall Covering market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Wall Covering market players

    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 . 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 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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    Study objectives of Wall Covering Market Report:

    • To provide a detailed analysis of the market structure along with the Wall Covering market forecast of various segments and sub-segments of the Wall Covering market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Wall Covering market trends that influence the global Wall Covering market

    Detailed TOC of Wall Covering Market Report 2019-2024:

    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

     

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