As per the latest report by IMARC Group, titled " Wall Covering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global wall covering market size reached US$ 36.3 Billion in 2022. Wall coverings are versatile decor options that offer a range of styles, materials, and textures, providing endless possibilities for creating personalized spaces. They are crafted using various techniques and materials to add aesthetic appeal and also serve functional purposes, making them a popular choice for both residential and commercial settings. The manufacturing process of wall coverings involves careful craftsmanship and attention to detail. They are made by printing or embossing designs onto durable materials such as vinyl, fabric, or natural fibers. Once produced, these coverings are applied to walls using adhesives, ensuring a secure and long-lasting installation. One of the key advantages of wall coverings is their durability, which helps protect walls from everyday wear and tear while remaining easy to clean and maintain. When compared to traditional paint, wall coverings offer distinct benefits, such as they enhance acoustic properties, reducing noise levels and improving sound insulation. Currently, there are various types of wall coverings available to suit different design preferences and functional requirements, including vinyl coverings, fabric coverings, textured wallpapers, metallic finishes, and 3D designs.
Global Wall Covering Market Trends:
The global wall covering market is being boosted by the increasing demand for aesthetically and visually appealing interiors in residential, commercial, and industrial spaces. Moreover, rapid urbanization and inflating disposable incomes have led to a surge in construction activities, thereby driving the market growth. Additionally, the growing awareness about sustainable and eco-friendly materials has resulted in the adoption of eco-conscious wall coverings made from recycled materials or natural fibers, which is bolstering the market growth. In line with this, the introduction of innovative and technologically advanced products, such as digitally printed wallpapers, 3D wall panels, and smart wall coverings, is fueling the market growth. Furthermore, the expanding hospitality and tourism sectors have created a significant demand for decorative and durable wall coverings in hotels, resorts, and restaurants, which, in turn, is strengthening the market growth. Other drivers include the increasing renovation and remodeling activities in residential and commercial spaces, the growing popularity of Do-It-Yourself (DIY) home decor projects, the expanding retail sector, and the proliferation of e-commerce platforms. Looking forward, the market value is projected to reach US$ 47.2 Billion by 2028, expanding at a CAGR of 4.4% during 2023-2028.
- By the product type, the market has been segmented into wall panel, wall paper (vinyl wallpaper, non-woven wallpaper, paper-based wallpaper, fabric wallpaper, and others), tile, metal wall covering, and others.
- Based on the printing type, the market has been bifurcated into digital and traditional.
- By the application, the market has been classified into new construction and renovation.
- Based on the end user, the market has been categorized into commercial and residential.
- On the basis of the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined with some of the key players being A.S. Création Tapeten AG, Ahlstrom-Munksjö Oyj, Architonic, Asian Paints Ltd, Brewster Home Fashion, F. Schumacher & Co., Grandeco Wallfashion Group, J. Josephson Inc., Osborne & Little, Saint-Gobain, Sanderson Design Group and York Wallcoverings Inc.
|Base Year of the Analysis
||Product Type, Printing Type, Application, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||A.S. Création Tapeten AG, Ahlstrom-Munksjö Oyj, Architonic, Asian Paints Ltd, Brewster Home Fashion, F. Schumacher & Co., Grandeco Wallfashion Group, J. Josephson Inc., Osborne & Little, Saint-Gobain, Sanderson Design Group and York Wallcoverings Inc.
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