Wallpaper is used in construction industry for the purpose of interior decoration for decorating the walls of commercial and residential buildings. The scope of the report global wallpaper market takes into consideration of both wallpapers and wall coverings. Global wallpaper market was valued at US$ 6,946.2 Mn in 2018, and is expected to reach US$ […]
Recent Trends and Future Outlook for the Global Wallpaper Market by 2027
Wallpaper is used in construction industry for the purpose of interior decoration for decorating the walls of commercial and residential buildings. The scope of the report global wallpaper market takes into consideration of both wallpapers and wall coverings.
Global wallpaper market was valued at US$ 6,946.2 Mn in 2018, and is expected to reach US$ 11,286.7 Mn by 2027, exhibiting a CAGR of 5.9% over the forecast period.
The global wallpaper market is expected to witness significant growth, owing to the numerous advantages provided by wallpaper in terms of excellent durability, easy installation, and wide availability of wallpaper products. Furthermore, increasing trend of interior decoration within the residential and commercial spaces is expected to drive growth of the market. Interior decoration is an important part of construction industry, as aesthetical appearance of residential homes or commercial buildings is a prime factor for consumers. Therefore, growth of the construction industry is expected to boost demand for aesthetically appealing wallpapers over the forecast period.
Top Key Players in Wallpaper market: York Wallcoverings, 4Walls, Len-Tex Corporation, Koroseal Interior Products
Regional Analysis For Wallpaper Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Wallpaper market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
In March 2016, the corporate launched Celeste, a Mylar-printed design. This new design incorporated the company’s Clean Vinyl Technology, a phthalate-free construction, eliminating health risks and contributing to cleaner indoor air. This launch helped the corporate in expanding its product portfolio and thereby, increasing its customer base.
In June 2017, Brewster Home Fashions, a family-owned distributor and manufacturer of wall coverings and residential décor products, purchased the assets of Fetco Home Décor, Inc. This transaction expanded Brewster’s product offerings within the home décor category.
The wallpaper market is restrained by its limited use in specific locations of the building. Wallpapers can be efficiently used in specific locations such as bedrooms, seating areas, dining area, and others However, it cannot be used in kitchen, bathroom or exterior decoration. Constant exposure to sunlight can damage the wallpaper and may burn part of it or can fade color of the wallpaper. Exposure to humidity & heat causes the wallpaper to peel off, therefore, wallpapers do not last long in areas exposed to constant sunlight or humidity. These factors are expected to hamper growth of the global wallpaper market over the forecast period.
Increasing consumer awareness about harmful volatile organic compounds in paints is shifting their preference towards more eco-friendly decorative options. Most of the wallpapers are made using PVC, which contains phthalate plasticizers & dilutants. During wallpaper production, these chemicals partially evaporate and some components remain in the wallpaper. Such toxic chemicals can migrate into the home environment, which can potentially harm human health. Therefore, eco-friendly wallpapers made of natural raw material are expected offering growth opportunities to wallpaper manufacturers.
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