Wallpaper Market Research Report, By Type (Vinyl, Nonwoven, Paper, Fabric, and others), End-user (Residential construction, and Non-residential construction) and Region — Global Forecast till 2023
Market Synopsis: Global Wallpaper Market
Wallpaper market is driven by several factors such as increasing focus on better aesthetics, growing trends of interior designing, ease of installation, time saving process, and the advancement in the material. Wallpapers have become a significant method to impart style, color, and personalized patterns into a room.
Get Report Sample : https://www.marketresearchfuture.com/sample_request/7306
With the growth in the real estate, private construction sector and rapid urbanization, growing number of residential building and remodeling & renovation projects have been witnessed. This growth has led to the increased demand for better aesthetics and personalized interiors. Furthermore, the global environmental issues have led to the technological advancement in the material side of wallpapers market, which have been contributory in generating demand for eco-friendly wallpapers. The wallpaper products typically command most of the attention, but the material is just as important with regard to its function. Lot of emphasis has been paid to the material development and with such development of advanced materials along with increased focus on aesthetics and durability, the market is anticipated to gain momentum in the coming years.
The global Wallpaper market is expected to witness a CAGR of around 4.52%, to reach at USD 29.15 billion over the forecast period.
Global Wallpaper Market: Regional Analysis
The global wallpaper market has been segmented into regions of North America, Europe, Asia-pacific, and Rest of the world (RoW). Asia-Pacific has witnessed maximum growth in the wallpaper market. The significant market size is attributed to the increasing number of construction projects supported by significant infrastructure expenditure occurring in countries such as China, Australia, Japan, Singapore, Philippines, Thailand, Myanmar, Taiwan, Vietnam, and others. The outlook for construction across the region looks strong. China held the largest market size in Asia-pacific region due to the unparallel growth of the construction industry. North America and Europe holds a sizeable share in the market after Asia-Pacific in 2017, and similar trend would be seen during the forecast period.
Browse Full Report : https://www.marketresearchfuture.com/reports/wallpaper-market-7306
Global Wallpaper Market: Segmentation
The global wallpaper market has been segmented on the basis of type, and end-user. On the basis of type, the market has been classified into vinyl, nonwoven, paper, fabric, and others. End-user segment is classified into residential construction, and non-residential construction.
Based on type, the market has been bifurcated into vinyl, nonwoven, paper, fabric, and others. The backing material has been paid lot of attention due to the properties it holds along with the associated costs. Vinyl segment holds a significant share in the market due to it properties that often makes it preferred choice for residential usage. Vinyl wallpapers are resistant to oil/grease and moisture than paper-based wallpapers and are generally fit to be used in bathrooms and kitchens.
Based on end-user, the segment is classified into residential construction, and non-residential construction. The residential segment was the fastest growing segment in 2017 owing to the increasing demand from Asia-Pacific region. The fast-growing economies in Asia Pacific along with rapid urbanization, renovation/remodeling projects, and infrastructure construction have offered opportunities to foreign contractors to enter the market. Furthermore, the increasing renovation and remodeling projects in private construction segment have further widened the scope for wallpapers by the developers and interior designers both.
Key players include York Wallcoverings (U.S.), Ahlstrom Corporation (Finland), Benjamin Moore & Co. (US), Wayfair LLC (US), 4walls (US), Akzo Nobel N.V. (Netherlands), Asian Paints Ltd (India), Dal-Tile Corporation (US), Brewster Home Fashions Llc (US), and others. The global wallpaper market is highly competitive with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include new product developments in terms of advanced material, mergers, and acquisitions, along with strategic partnerships, and collaborations.
Press Release Available : https://www.marketresearchfuture.com/press-release/wallpaper-market
