5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The market is segmented by Product (Wall-Panel, Wall Paper, Tail, Metallic Wall-Covering), by Application (Residential and Commercial), and Geography.
Fastest Growing Market:
Middle East and Africa
The wall covering market was valued at USD 29.861 billion in 2019 and expected to register a CAGR of over 4.63% during the forecast period 2020-2025. The increasing disposable income and rapid rise in urbanization have been significantly driving the historic transformation of human social roots on a global scale, by predominantly replacing rural culture. This has resulted in the increasing usage of wall coverings, along with other modern products, such as window frames with very low heat transmission, electrical cables and conduits, easily cleaned flooring, and light reflecting roofing.
Wall coverings protect the wall surface from accidental marks or scratches, besides imparting an air of quality and grandeur to uncovered walls. They further help in neutralizing interior and customizing it with the help of various colors and patterns. Also, these coverings are cost effective. The two common areas of applications of wall coverings include residential and commercial. Residential wall coverings are mainly used in homes and in small businesses to add attractiveness to rooms and to express individual style.
|Metal Wall Covering|
|By Distribution Channel|
|Building Material Dealer|
|Middle East & Africa|
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The increasing demand for premium real estate is one of the vital trends impacting the market studied. Real estate companies are focusing on value addition, by offering sophisticated designs and luxurious interiors, to lure consumers.
The demand in residential wall coverings is mainly driven by household customization. Moreover, with increasing residential construction and growth of spending power of people, in regions like Asia-Pacific, the market studied is expected to register growth. Additionally, the decrease in average household size, owing to an increasing number of individuals living alone, is driving the demand for real estate, thereby influencing the demand for wall coverings.
Moreover, the advancements in wall covers have led to the introduction of eco-friendly interior products for residences. The 3D wall panels and 3D wall tiles have become prominent in the market, in recent times.
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Latin America has a significant growth rate over the forecast period owing to flowing investments in the construction sector. Brazil has the highest market share in this region followed by Mexico. Growth opportunities through 2016 will be sparked by a recovery in both non-residential and residential building markets and strengthening prospects in renovation and repair markets.
Adoption of wall covering products in the region is buoyed by the increasing construction sector in countries like Brazil and Mexico along with the greatest gains in residential markets. For instance, China Communication and Construction also signed a USD 700 million deal for the construction of a terminal at the Port of Sao Luis, while a USD 300 million loan deal was reached between the Exim Bank of China and Banco do Brasil.
Imports of wall covering products have been steadily declining for a decade, reflecting the weakening market environment for wallpaper. However, changing consumer preferences and improving economies are expected to offer opportunities for growth in the region.
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The wall covering market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Wall Covering technologies to strengthen their product capabilities. In June 2017, Brewster Home Fashions makes a major move with product expansion by purchasing the assets of Fetco Home Décor Inc. company. This product expansion helps company product offerings even further into the home décor category as well.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Number Of Residential Buildings
4.3.2 Availability Of Styled Products
4.3.3 Increase In Do-it-yourself (Diy) Trends
4.4 Market Restraints
4.4.1 High Competition From Paints
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Wall Panel
5.1.2 Wall Paper
5.1.4 Metal Wall Covering
5.1.5 Other Products
5.2 By Application
5.3 By Distribution Channel
5.3.1 Specialty Store
5.3.2 Home Center
5.3.3 Building Material Dealer
5.3.4 Furniture Store
5.3.5 Mass Merchandizer
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Adfors (Saint Gobain)
6.1.2 Ahlstrom-Munksjö Oyj
6.1.3 Asian Paints Limited (APL)
6.1.4 A.S. Création Group
6.1.5 Walker Greenbank PLC
6.1.6 Nippon Paint Holdings Co. Ltd
6.1.7 Grandeco Wallfashion Group
6.1.8 Brewster Home Fashion
6.1.9 J. Josephson Inc.
6.1.10 Benjamin Moore & Co.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability