Wall Covering Market Analysis and Forecast by Rapid Growth Rate 2020 Value Share Analysis by Regions, Industry Size, Key Insights till 2024

Wall Covering

The “Wall Covering Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Wall Covering market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Wall Covering market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Wall Covering market that will impact the demand during the forecast period.

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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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.
  • Some of the Top Key Players of Wall Covering Market Report 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.

    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

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    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.

    The Report Covers:

    • Comprehensive research methodology of Wall Covering market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Wall Covering market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Wall Covering Market Report 2020-2024:

    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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