Wallpaper Market Driven by Industry Analysis, Growth, Size, COVID-19 Overview, Opportunities, Share, Business Strategy and Prediction – 2030
Overview of the wallpaper market
The wallpaper market is projected to be worth approximately USD 2.70 billion by 2030, growing at a compound annual growth rate of a CAGR of 5% throughout the forecast period between 2022 and 2030 In 2021, the market had total revenues of USD 1.74 billion. .
Thanks to advancements in technology, we can now manufacture wallpapers that are plastic and lead free. Health conscious customers will appreciate the comfort provided by this type of fabric. These products are recommended for patients who have respiratory problems or who are sensitive to strong odors. For example, eco-friendly and low-carbon wallpapers have advanced in recent years.
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The need for wallpaper is increasing due to the variety of applications and customization available. Wallpapers are a popular choice for those who want to decorate their homes in a way that is unique to them and enhances their quality of life.
The operation of various businesses, such as construction and rehabilitation companies, has been interrupted as a result of Covid 19. The fact that a significant part of the world’s population works from home means that many find their homes less valuable. Nevertheless, individuals continue to improve their dwelling, expand the office and, in some cases, completely modify their dwelling, resulting in a contactless atmosphere in the house. It has sparked the interest in the construction sector, which has led to growth in the overall value of the wallpaper industry post-COVID.
The major market players in the market are
- York Wallpapers
- Shin Han wallcovering
- Tapetenfabrik Gebr, Rasch GmbH & Co. KG
- Graham & Brown
- Peggy-Betty Designs
- Walker Greenbank Group
- Asian Paints Ltd.
Wallpaper market segmentation
Products, wallcovering types, installation methods, part types, end users, and distribution channels can all be used to segment the global wallpaper market into several categories. Firstly, it is possible to divide the market into fiber type wallpaper, vinyl-based wallpaper, pure paper type wallpaper, non-woven wallpaper and others in terms of product type. It is possible to segment the market into natural wallcovering, 3D wallcovering and other types of wallcovering.
From 2021 to 2028, the domestic end-use market is expected to grow at the fastest rate, with a CAGR of around 3.5%. Urban sprawl and the growing number of domestic construction projects are two of the most significant variables influencing market growth in the residential market. In addition, the rising trend of nuclear households is also a factor.
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It is the construction industry and the number of projects approved by nations that have a significant impact on the wallpaper market. It has been observed that various governments have signed a considerable number of construction projects over the past few years. Design and construction spending rates have been higher in countries like China, Australia, Myanmar, Taiwan, and Vietnam than in other countries around the world. The Asia-Pacific region witnessed the highest robust market growth rate and is expected to maintain its choice of wallpaper during the projection period.
The 18th anniversary of Alpha Workshops Inc.’s partnership with Benjamin Moore & Co. will take place in August 2019. With a variety of colors and patterns, the Alpha Workshops wallpaper collection is available in Benjamin Moore stores as well as on the Alpha Workshops website. .
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2 Scope of the report
2.1 Market definition
2.2 Scope of the study
2.2.2 Research objective
2.3 Research process
2.3.1 Primary research
2.3.2 Secondary research
2.4 Market Size Estimation
2.5 Forecast model
3 Market landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of new entrants
3.1.2 Bargaining power of buyers
3.1.3 Threat of substitutes
3.1.4 Segment rivalry
3.1.5 Bargaining power of buyers
3.2 Value Chain/Supply Chain Analysis
4 Market dynamics
4.2 Market Drivers
4.3 Market Constraints
4.4 Market Opportunities
5 Global Wallpaper Market, by Type
5.2.1 Market Estimates and Forecast, 2020-2027
5.2.2 Market Estimates and Forecasts by Region, 2020 – 2027
5.3.1 Market Estimates and Forecast, 2020-2027
5.3.2 Market Estimates and Forecasts by Region, 2020 – 2027
5.4.1 Market Estimates and Forecast, 2020-2027
5.4.2 Market Estimates and Forecasts by Region, 2020 – 2027
5.5.1 Market Estimates and Forecast, 2020-2027
5.5.2 Market Estimates and Forecasts by Region, 2020 – 2027
5.6.1 Market Estimates and Forecast, 2020-2027
5.6.2 Market Estimates and Forecast by Region, 2020 – 2027
6 Global Wallpaper Market, By End User
6.2 Residential construction
6.2.1 Market Estimates and Forecast, 2020-2027
6.2.2 Market Estimates and Forecasts by Region, 2020 – 2027
6.3 Non-residential construction
6.3.1 Market Estimates and Forecast, 2020-2027
6.3.2 Market Estimates and Forecasts by Region, 2020 – 2027
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