Wall Covering Market: Global Industry Analysis and Forecast (2022-2029)

Wall Covering Market size was valued at US$ 31.94 Bn. in 2021 and the total revenue is expected to grow at 4.6% through 2022 to 2029, reaching nearly US$ 45.77 Bn.
Wall Covering Market Overview:
Wallcovering is a broad term for the materials used to cover or protect interior walls. It is also associated with wallpaper products when they are used for commercial or industrial purposes. Wallcoverings are commonly used in high-traffic areas such as lobbies, corridors, hotel suites, schools, and healthcare facilities. They can add texture, pattern, and style to a room while also protecting the walls with a durable coating.To know about the Research Methodology :- Request Free Sample Report

Wall coverings have several advantages, including the ability to protect the surface of the wall from scribbles or scratches made by children or marks made accidentally. Furthermore, wall coverings add style and opulence to bare walls. Cost-effective wall coverings can also enhance the interior spaces of both the residential and commercial sectors. These wall coverings also add colour and pattern to the walls.

Growing disposable income and rapid urbanization have been significant drivers for the Wall covering Market. As a result, wall coverings are becoming more popular, as are other modern products such as window frames with low heat transmission, electrical cables and conduits, easily cleaned flooring, and light reflecting roofing.
Wall Covering Market Dynamics:
Wall Covering Market Drivers:

• Raising environmental awareness through the introduction of new styles with a longer shelf life and product. Furthermore, the growing middle class, rising living standards, and rapid urbanisation are expected to drive the wall covering market during the forecast period.

• Low-cost wall encapsulation and customization, ability to mimic the expensive designer look, and longer diminished and Most wall covering products are simple to maintain and have a long lifespan; these factors are expected to drive the market during the forecast period (2022-2029).

• The wall covering market is expected to witness the introduction of a variety of viable wallpapers and wall panels, as well as eco-friendly interior paints. Ink-jet printing technology is a major technological advancement that allows ceramic surfaces to copy any texture and design, which is expected to fuel the global wall covering market during the forecast period.

• High cost and a short shelf life are expected to limit the global wall covering market's potential growth during the forecast period.

• The increased use of panels has resulted in an improved aesthetic appeal. The wall covers with fewer joints provide numerous practical benefits, including time savings and ease of installation when compared to separate single tiles during the renovation process. Furthermore, after the installation of the wall panels, users benefit from the ease of maintenance and cleaning provided by the panels. Rising investments in the hospitality sector as a result of increased global tourism are estimated to create opportunities for the global market during the forecast period.

• Emerging technologies such as digital printing and faux finishes are major factors that are expected to improve wall covering opportunities and sales. During the forecast period, the expansion of building construction in commercial and residential areas is expected to increase demand for wall coverings.

Wall Covering Market restraints:

• The acceptance of corrosion-resistant, water-resistant, heat-resistant, and waterproof paint and coating products in place of wall coverings is limiting market growth.

• Furthermore, in order to improve performance, paint and coating manufacturers are constantly introducing new environmentally friendly products to the market. As a result of the introduction of new technologies, coating performance has improved, limiting consumers' shift from paint and coating to the digitally printed wallpaper.

• Furthermore, many developing countries are still unaware of digital printing technology, which is causing wall covering materials to face significant acceptance challenges.
Wall Covering Market Segment Analysis:
Based on types, the global wall coverings market is divided into paint, wall panel, fabric wall covering, glass wall covering, metal wall covering, and ceramics.

During the forecast period, wall panel is expected to dominate the global wall coverings market. When compared to more common house construction techniques, wall panels provide uniform and superior insulation. It is also used in large-scale public-sector projects and low-end product largely in social housing. The use of wall panels can significantly reduce construction costs by providing a consistent appearance to the panelled surface without the need for paint or other finishing materials. Such factors are one of the primary reasons for the market's expected growth during the forecasted period (2022-2029).

Based on applications, the global wall coverings market is segregated into residential and non-residential.

During the forecast period, the residential segment is expected to account for a large portion of the global wall covering market share and to grow at a rapid pace. Because of the growing population, employment opportunities are expanding, which is expected to increase demand for new apartments, housing, and dwellings. People's increasing spending power is fueling the construction of new houses in urban and sub-urban areas worldwide, as well as a surge in the construction of non-residential buildings and institutes, which is also a major reason for this segment's dominance.
Wall Covering Market Regional Insights:
Asia Pacific - Asia Pacific is expected to grow at a significant rate over the forecast period, owing to a rising middle class and their changing attitudes toward interior decors, as well as rapid urbanisation. China is a major producer of building materials and the world's leading producer of ceramic tiles. The growth of the wall covering market in Asia Pacific is driven by high infrastructure development activities in commercial spaces. An renovation activities among households to add an aesthetic look to the home is a major factor fueling demand for wall coverings in the region. The report's goal is to provide industry stakeholders with a comprehensive analysis of the Wall Covering market. The report analyses complicated data in simple language and presents the past and current state of the industry, as well as forecasted market size and trends. The report examines all aspects of the industry, including a detailed examination of key players such as market leaders, followers, and new entrants.

The report includes a PORTER and PESTEL analysis, as well as the potential impact of market microeconomic factors. External and internal factors that are expected to positively or negatively affect the business have been analysed, providing a clear future view of the industry to the stakeholders. The report also aids in understanding the Wall Covering market dynamics, structure, and size projections by analysing market segments. A clear representation of competitive analysis of key players in the Wall Covering market by product, price, financial position, product portfolio, growth strategies, and regional presence makes the report an investor's guide.
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Global Wall Covering Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 31.94 Bn.


Forecast Period 2022 to 2029 CAGR:
 4.6%
Market Size in 2029:
US $ 45.77 Bn.


 Segments Covered:
by Type
• Paint
• Wall Panel
• Fabric Wall Covering
• Glass Wall Covering
• Metal Wall Covering
• Ceramics


by Application
• Residential
• Non-Residential


by Distribution Channel
• Specialty Store
• Home Center
• Building Material Dealer
• Furniture Store
• Mass Merchandizer
• E-commerce
• Other



Wall Covering Market, by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Wall Covering Market Key Players
.• Brewster Home Fashion
• Adfors (Saint Gobain)
• Ahlstrom-Munksjö Oyj
• Asian Paints Ltd
• Benjamin Moore & Co.
• A.S. Création Tapeten AG
• J. Josephson Inc.
• Walker Greenbank PLC
• Grandeco Wallfashion Group
• York Wallcoverings Inc.
• Saint-Gobain ADFORS
• Ahlstrom-Munksjö
• Daltilel
• Grandeco
• Nippon Paint Holdings Co. Ltd.
• Sanderson Design Group

Frequently Asked Questions:

1. What is the forecast period considered for the Wall Covering market report?
Ans. The forecast period for the Wall Covering market is 2022-2029.

2. Which key factors are hindering the growth of the Wall Covering market?
Ans. The acceptance of corrosion-resistant, water-resistant, heat-resistant, and waterproof paint and coating products over wall coverings is limiting market growth.

3. What is the compound annual growth rate (CAGR) of the Wall Covering market for the forecast period?
Ans. The global Wall covering market is estimated to grow at a 4.6% CAGR during the forecasted period (2022-2029).

4. What are the key factors driving the growth of the Wall Covering market?
Ans. Growing disposable income and rapid urbanization have been significant drivers for the Wall covering Market.