23 July 2019 - The Global Wallpaper
Market is subject to witness a
substantial growth due to the robust growth in the real estate industry, and
excessive benefits of wallpapers over the traditional paints. Factors
responsible for sustained market growth, in the recent years is credited to
advantages such as superior durability and convenience of installation compared
to conventional wall decoration methods such as wall painting and interior
paint.
Additionally,
the wallpaper allows covering of the visible flaws on the wall that are
difficult to mask by paint. Wallpaper does not consists of harmful substances such
as lead; such factors are expected to fuel the growth of the market in the
upcoming years. Globally, the wallpaper market is predicted to grow at high
CAGR over the forecast period, providing numerous opportunities for market
players to invest in research and development of the wallpaper market.
Robust
growth in the building & construction industry coupled with rise in
personal disposable income are predicted to boost overall market performance of
wallpaper industry. Furthermore, improved standard of living and increasing
middle class housing needs, particularly in the developing economies across the
globe are expected to foster market in the upcoming years. However, increased
initial cost for installation of the specialized wall coverings is predicted to
limit market growth to a certain extent.
A
wallpaper is normally used for covering and decorating the interior walls of
residential as well as commercial building such as offices, conference halls,
and other buildings. Wallpapers are a vital part of interior decoration.
Wallpapers offer several advantages such as color diversity, high-end patterns,
resistance to rapid atmospheric changes, easy installation, and
cost-effectiveness. These factors are predicted to propel the growth of
wallpaper market over the forecast period.
Wallpapers
come with wide variety of properties like color diversity and rich patterns in
comparison with other traditional painting solutions such as wall painting and
interior paint. In addition, increasing popularity from countries such as
United States, U.K., France, Germany and Japan are anticipated to drive
production of wallpapers in the years to come.
The
wallpaper market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rise in the implementation of latest technologies for production
of wallpapers and existence of well-established industrial infrastructure in
the region.
Asia-Pacific
region is predicted to hold major market share in the wallpaper industry with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with increasing popularity over interior
paint, rising personal disposable income and significant investment by leading
industry players considering potential growth opportunities in the region.
The
key players in the wallpaper market are Asheu Wallpapers Factory, York
Wallcoverings Inc., MARBURGER TAPETENFABRIK J.B. Schaefer GmbH & Co.,
Brewster Home Fashions LLC, Osborne & Little Ltd., The Romo Group LLC,
Filpassion S.A., Grandeco Wall Fashion Group NV, 4Walls Pvt. Ltd., and
Arte-International Inc.
Market Segment:
The market information includes the
total market size for wallpaper as well as the market size and trends for the
following kinds of products:
•
Decorated plastic wallpaper
•
Other wallpaper
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