Wall Covering Market

Wall Covering Market Research, 2031

The global wall covering market size was valued at $152 billion in 2021, and is projected to reach $239.7 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

Wall covering is used to enhance the aesthetic appearance and protect the vertical surfaces of houses and offices. Depending on individual needs, it is a covering that may be used on both internal areas and external facades. Wall coverings are widely implemented in residential and non-residential sectors. Wallpaper, wall-panel, and tiles such as marble and ceramics are some of the popular materials used as wall coverings. Wallpaper and tiles are used at offices, business premises, and homes to make them look elegant and stylish.

The COVID 19 outbreak has affected the growth of the wall covering industry owing to the lockdown measure in the countries and delay in manufacturing and production of wall coverings such as tiles, and wallpaper which are utilized in residential and non-residential buildings or structures.

Wall covering market has grown due to expansion of residential and non-residential construction in emerging countries. Furthermore, these coverings have various advantages, such as being moisture & stain resistant, they enhance texture, and protect wall surface. All of these benefits are expected to propel the wall covering market forward. Moreover, increase in government and private investments in infrastructure in developed countries have fueled the market growth. In addition, technological advancement in digital and traditional printing has created growth opportunities for wall covering market during the forecast period.

The wall covering market has experienced growth as a result of an increase in construction and infrastructure activities. A change toward visually pleasing interior and exterior wall designs has occurred as a result of rise in personal disposable income, which is anticipated to support market development. Furthermore, rise in construction spending in developing countries is expected to have a positive impact on total market demand. For instance, in March 2022, the U.S. President invested $3.1 billion in funding for new energy-efficient residential buildings. Hence, these investments are expected to provide lucrative growth in the wall covering market.

On the basis of type, the tile segment generated the largest revenue in 2021 due to an increase in demand from residential and commercial buildings for wall protection and to enhance the interior and exterior wall appearance. These merits are projected to boost the demand for the product, which is estimated to drive the overall market growth in the coming years. On the basis of application, the new construction segment accounted for the highest revenue in the global market in 2021, owing to the expanding market for wall covering in commercial structures including malls, universities, and large complexes.

On the basis of end-user, the residential segment registered the highest revenue in 2021. This is due to an increase in residential homes due to the rise in population in countries such as the U.S., India, and China. Moreover, government investments in residential construction are fueling the wall covering market growth.

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the wall covering market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has led to reopening of wall covering companies to their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

On the basis of region, Asia-Pacific registered the wall covering market share in 2021, owing to a rise in infrastructure activity in the region. Moreover, surge in construction activities owing to rapid urbanization & industrialization is estimated to boost the demand for wall covering. According to an article released by Global Construction and Oxford Economics, the volume of construction output is expected to witness growth by 85% to $15.5 trillion globally by 2030, with three countries, China, the U.S., and India, leading the way and accounting for 57% of all global growth. Hence, utilization of wall covering market in new construction and renovation for a sustainable environment is expected to provide lucrative growth opportunities in the wall covering market forecast period.

The wall covering market is segmented into Product Type, Printing type, Application and End User. On the basis of product, the market is divided into wallpaper, wall-panel and tiles. On the basis of application, the market is divided into new construction and renovation. On the basis of printing type, the market is divided into digital and traditional. On the basis of 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.

Competition Analysis

The key players operating in the wall covering industry are 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 Adfors, Sanderson Design Group, Waldan Paper Services, LLC, and York Wall Coverings.

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 the wall covering market overview 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.

 Wall Covering Market Report Highlights