DUBLIN--(BUSINESS WIRE)--Jan 11, 2023--

The “Wall Covering Market By Product Type, By Printing type, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.

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

• 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
• Wall 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

For more information about this report visit https://www.researchandmarkets.com/r/c1x25c

View source version on businesswire.com:https://www.businesswire.com/news/home/20230111005661/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY INTERIOR DESIGN

SOURCE: Research and Markets

Copyright Business Wire 2023.

PUB: 01/11/2023 10:28 AM/DISC: 01/11/2023 10:29 AM

http://www.businesswire.com/news/home/20230111005661/en