Press Release

Wall Covering Market is expected to grow at a CAGR of 5.25% through 2029

Global Wall Covering Market is expected to grow owing to awareness of the importance of interior design in both residential and commercial spaces throughout the forecast period


According to TechSci Research report, “Wall Covering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Wall Covering Market is expected to register robust growth during the forecast period. The ongoing phenomenon of global urbanization, particularly notable in emerging economies, has spurred a surge in construction activities. The development of residential, commercial, and industrial spaces necessitates the incorporation of wall coverings as an essential component of interior design. Urbanization typically entails a desire for visually appealing and customizable wall covering solutions, thus stimulating market expansion.

There is a discernible uptick in the demand for sustainable and environmentally friendly wall covering alternatives. Manufacturers stand to benefit from this trend by innovating products crafted from recycled or renewable materials, employing eco-conscious production methods, and ensuring compliance with rigorous environmental regulations. Sustainable wall coverings not only resonate with environmentally aware consumers but also align with global endeavors towards fostering sustainable living practices.

 

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Based on product type, the Tiles segment is expected to dominate the market during the forecast period. In the tiles segment, there's a vast array of design options spanning various colors, patterns, and finishes. Thanks to advancements in digital printing, manufacturers can create tiles with lifelike textures and intricate designs, offering consumers a wide range to suit their aesthetic preferences. This design versatility is a key driver for the widespread use of tiles in interior design. Tiles are celebrated for their low maintenance and resistance to stains, making them a practical choice for areas like kitchens and bathrooms prone to spills. Their minimal upkeep needs significantly add to their appeal, especially for homeowners seeking convenient solutions. Another notable trend in the tiles market is the growing popularity of large-format tiles. These tiles, with their expansive dimensions, create a seamless and modern look, minimizing grout lines and enhancing the perception of space. The increasing preference for large-format tiles is evident in both residential and commercial settings, driving the modernization of interior spaces.

Based on end-user, the Residential segment is projected to dominate the market throughout the forecast period. Specialized manufacturers targeting the residential sector prioritize ongoing innovation in both materials and designs. This involves a dedicated emphasis on environmentally friendly options, smart wall coverings, and materials known for easy installation. By consistently introducing new textures, patterns, and finishes, these manufacturers ensure the residential market remains dynamic, providing homeowners access to the latest trends in wall coverings. A noticeable trend in the residential sector is the increasing preference for sustainable and eco-friendly wall covering alternatives. With homeowners becoming more environmentally conscious, there's a growing demand for materials that are recycled, biodegradable, or produced using sustainable methods. In response, manufacturers are introducing eco-friendly wallpapers, paints, and other wall coverings to meet the needs of environmentally conscious consumers.

The residential segment is significantly influenced by regional variations in architectural styles, cultural preferences, and economic conditions. For example, rapidly urbanizing areas witnessing a surge in real estate development may experience heightened demand for wall coverings in new residential constructions. Conversely, mature markets may focus more on renovation and remodeling projects, impacting the types of wall coverings sought after. Understanding these regional dynamics is crucial for manufacturers and stakeholders looking to capitalize on opportunities within the residential segment of the global wall covering market.

 

Key market players in the Global Wall Covering Market are:-

  • A.S. Creation Tapeten AG
  • Ahlstrom Holdings 3 Oy
  • Asian Paints Ltd.
  • F. Schumacher & Co.
  • J. Josephson Inc.
  • Benjamin Moore & Co.
  • Nippon Paint Holdings Co. Ltd.
  • Onmi W.C. Inc.
  • Waldan Paper Services, LLC
  • Compagnie de Saint-Gobain S.A.

 

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“The Global Wall Covering Market in Asia-Pacific is poised to be the dominant region in the industry. Asia-Pacific is experiencing rapid urbanization, with a substantial increase in population and a corresponding surge in construction activities. The demand for residential, commercial, and infrastructure projects has driven the growth of the wall covering market. As new buildings are constructed and existing ones undergo renovation, the need for aesthetically pleasing and durable wall coverings has seen a significant uptick.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Wall Covering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Application (New Construction and Renovation), By Product Type (Wallpaper, Wall panel and Tiles), By End-User (Residential and Non-residential), By Region, and By Competition 2019-2029 has evaluated the future growth potential of Global Wall Covering Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Wall Covering Market.


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Wall Covering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Application (New Construction and Renovation), By Product Type (Wallpaper, Wall panel and Tiles), By End-User (Residential and Non-residential), By Region, and By Competition 2019-2029

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Advancements in technology, particularly in the field of materials science, have led to the development of innovative wall covering materials is one of factors driving the Global Wall Covering Market in the forecast period 2025-2029

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