Wall Covering Market By Product Type (Wallpaper, Wal panel, Tile), By Printing type (Digital, Traditional), By Application (New Construction, Renovation), By End User (Residential, Non-residential): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global wall coverings market size was valued at $152,035.1 million in 2021 and is projected to reach $239,732.8 million by 2031, registering a CAGR of 4.7% from 2022 to 2031.
Wall covering is a material that is used to decorate the interior & exterior walls of residential and commercial buildings. It protects and prevents the wall surface from moisture and stains. Furthermore, it enhances the appearance and adds beauty to the walls of the buildings. Some of the most popular materials include wallpaper, tiles, & wall panels, and depending on the characteristics of each of them, one or more layers must be applied, changing the final appearance accordingly.
The expansion of the construction sector due to an increase in new construction and refurbishment of existing structures is driving the wall covering market growth. The need for stylish home interior & exterior walls is fueling the market growth. Moreover, the advancement in technology such as digital printing and 3D printing technology is creating a growth opportunity for companies to manufacture wall covering products.
Moreover, renovation and reconstruction of existing homes and commercial properties are expected to drive wall covering market growth. For instance, in the year 2020, the European Commission announced the “Renovation Wave” initiative for public and private buildings. The plan states that the additional investment needed to reach EU 2030 energy and climate targets is around $385 billion annually, with approximately $295 billion for residential and $90 billion for public buildings. Hence, such factors drive the wall coverings market growth. Moreover, key players in the market are launching new wall covering products to sustain demand growth. For instance, in May 2022, Asian Paints Ltd. launched INK handcrafted wall coverings, a new collection of wall coverings for interior and exterior walls. Hence, such factors provide lucrative growth opportunities in the wall covering market.
The market is segmented on the basis of product, application, printing type, end user, and region. On the basis of product, the market is divided into wallpaper, wall-panel, and tiles. By application, the market is divided into new construction and renovation. On the basis of printing type, the market is divided into digital and traditional. By end user, the market is divided into residential and non-residential. Region-wise, the market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wall covering market analysis from 2021 to 2031 to identify the prevailing wall covering market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wall covering market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wall covering market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Wallpaper
Wal panel
Tile
Material type
Ceramic
Vinyl
Porcelain
Others
By Printing type
Digital
Traditional
By Application
New Construction
Renovation
By End User
Residential
Non-residential
By Region
North America
Canada
Mexico
U.S.
Europe
Germany
France
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
A.S. Creation Tapeten AG
Ahlstrom Munksjo
Architonic
Asian Paints Ltd.
Brewster
Daltile
F. Schumacher & Co.
Grandeco
J. Josephson Inc.
Maya Romanoff Corporation
Nippon Paint Holdings Co. Ltd
Onmi W.C. Inc.
Osborne & Little
Saint Gobain
Sanderson Design Group
Waldan Paper Services, LLC
York WallCoverings
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook