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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wall Coverings Market
Request Now !A wall covering is a type of material, such as wallpaper, that is used to adorn the inside walls of a structure. Wall covering protects the wall surface from accidental stains or scratches while also giving bare walls a sense of quality and grandeur. They also assist in neutralizing and personalizing the interior with the use of various colors and patterns. These covers are very inexpensive. Residential and commercial applications are the two most frequent types of wall coverings. Residential wall coverings are mostly utilized in homes and small businesses to enhance space aesthetics and express personal style. Due to the outbreak of the COVID-19 pandemic, countries had to enforce lockdown that halted the progress of construction of new properties and households. Due to that, the demand for wall coverings decreased as consumers have no interest in covering their walls with fancy pieces of vinyl or wallpapers.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Product Type, Application, Distribution Channel, and Region |
Companies Covered | A.S. Création Tapeten AG., Compagnie de Saint-Gobain S.A., Ahlstrom- Munksjö Oyj, Asian Paints Ltd, Benjamin Moore & Co., Brewster Home Fashion, Grandeco Wallfashion Group, Co., J. Josephson Inc., Nippon Paint Holdings Co. Ltd, and Walker Greenbank PLC. |
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Usage of Computer-Aided Graphic Designing Bolsters the Growth of Wall Covering Market
With the introduction of sophisticated and computer-aided design tools and solutions such as graphic design and increased manufacturing capabilities, a key type of product in the global wall covering industry known as "wallpaper" has seen widespread production and appeal. New era wallpapers developed by global wall covering industry leaders and manufacturers are expected to change traditional notions about décor and interior design. The growing worldwide population has also fueled the global construction industry's expansion.
The rise in demand for high-quality wall covering from the residential sector
The demand for high-quality wall covering is increasing in the residential sector. The contribution of the residential sector to the requirement for wall coverings is high compared to the commercial sector. The elevated demand is because people are utilizing accessories in homes for many purposes such as wall decor, decorating, and other purposes. Due to the rising population and increased need for cheap housing, there has been a phenomenal expansion in the residential property sectors in these last several years, as the demands for decorative accessories should further increase.
Fluctuating raw material prices is affecting the growth of the decorative accessories market
For manufacture and processing, wall coverings rely significantly on primary materials. Changes in raw materials like vinyl, fabrics, metal and paper pricing adversely affect the decorative accessories market's growth. Prices for plastic, metal and glass are affected by fluctuations in oil & gas prices used for transportation, the cost of raw materials which impact wall coverings manufacture is increased. Ultimately, the customers receive these at an exorbitant expense. As a result, demand for the items decreased, limiting producers' profit margin. Therefore, despite shifting raw material prices, the major difficulty for accessories producers is to offer inexpensive goods.
Key Benefits of the Report
Questions Answered in the Wall Covering Market Research Report
Key Market Segments
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Key Market Players
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