Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Wall Coverings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Wall Coverings is projected to exceed US$ 41 billion by 2024, driven by the growing demand for digitally printed wall coverings; recovering construction activity; and launch of innovative products with smart functionality, novel geometrical patterns, intriguing textures and bold colors in response to the transforming interior design and home decor trends.
Few of the benefits of wall coverings driving its adoption among homeowners and building architects include superior decorative and aesthetic appeal of vinyl wall coverings; easy customization and personalization of walls at lowest costs; longer durability and reduced maintenance load when compared to painted walls; and ability to mimic expensive designer look and the resulting increase in home value.
Also driving growth in the market is the wide availability of patterned designs and graphics printed with eco-friendly ink. Vinyl wall coverings are witnessing strong demand in geriatric homes, hospitals and care centers given their long-lasting, scratch proof, impact resistant, flame retardant, hygienic, robust, safe and odorless features and characteristics.
Against the backdrop of the escalating cost of home heating, there is increased focus shed on enhancing humidity inside the home with the help of insulated wall coverings built to prevent loss of interior humidity and made from foam, foil, Mylar and foam backed vinyl. Europe represents the largest market worldwide.
Asia-Pacific ranks as the fastest growing market with a projected CAGR of 7% over the analysis period led by factors such as burgeoning economies with huge population in countries such as China and India, improving disposable income and growing sophistication in middle class housing needs, and homeowner's changing attitude towards interior decor.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Impact on Interior Paints Market
Impact on Wall Tiles Market
COVID-19 Becomes Catalyst for Wall Coverings with Superior Cleanability
Wall Coverings: Product Definition
Classification of Wallpapers Based on Raw Materials Used
Characteristics of Interior Paints
Wall Coverings Market: A Prelude
Developing Countries Spearhead Future Market Growth
Growth Drivers in a Nutshell
Latest Trends Help Wall Coverings Market to Climb the Wall & Stand Tall
Recovery in Global Construction Sector to Post Gains in 2021
2. FOCUS ON SELECT PLAYERS(Total 264 Featured):
Akzo Nobel NV
Asian Paints Limited
Benjamin Moore & Co. Inc.
Brewster Home Fashions LLC
British Ceramic Tile
Gruppo Ceramiche Ricchetti SpA
Innovations in Wallcoverings, Inc.
Johnson Tiles Limited
Mohawk Industries, Inc.
Nippon Paint Holdings Co., Ltd.
Panariagroup Industrie Ceramiche S.p.A.
PPG Industries, Inc.
The Valspar Corporation
TIRI Group Ltd.
York Wallcoverings Inc.
3. MARKET TRENDS & DRIVERS
Smart Wallpapers, Smart Intelligent Multi-Purpose Tiles and Advanced Interior Paints Drive Healthy Market Growth
Smart Multi-Purpose Wall Tiles
Advanced Interior Paints: More than Just Wall Decor
Smart Wall Paper That Can Power Homes by Absorbing Light
Rise in Popularity of Digitally Printed Stylish and Creative Wall Covering Solutions
Wall Covering Patterns for Branding
Growing Wall Mural Variety
Options to Personalize Home Decor
Millennials Drive Wallpaper Demand
Renovations Drive Demand for Various Types of Wallpapers
Nonwoven Wallpapers Steadily Gain Share from Paper-Based Wallpapers
Notable Interior Wallpaper Trends
Select Wallpaper Design Trends
Increasing Awareness of Interior Decoration with Improving Lifestyles Drive Demand for Interior Paints
Green Panelized Housing Benefits from the 'Go Green' Trend
Waterproof Panels Increasingly Replace Wall Tiles in Bathrooms
Shift from Traditional to Digital Wall Tiles Drive Faster Market Growth
Advantages of Digital Inkjet Printing for Wall Tiles
Need to Improve Indoor Air Quality Drive Consumer Interest in Sustainable Wall Coverings
Concerns over VOC Emissions Give Way to Eco-Friendly Interior Paints
Select Innovations in the Paints & Coatings Sector
Regulations Spur Recycling
Myriad Benefits and Rising Prominence of Plastics in Building Construction Benefits Demand for Vinyl Wall Coverings
Vinyl Wall Coverings Find Increased Acceptance in Healthcare Industry
Feature Walls Make a Comeback
Hotels: A Continuous Source of Demand for Wall Coverings
Favorable Demographic & Macro Trends Strengthen Market Prospects
Rapid Urbanization to Drive Demand Prospects
Burgeoning Middle Class Population
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Recovery in Construction Activity Benefit Demand in Residential and Non-Residential Applications
Commercial Construction Sector
Key Market Trends
Increasing Availability of Flexible, Functional and Varied Wallcoverings Spurs Demand in the Commercial Sector
Shift from Traditional to Digital Printing Bodes Well for the Market
Kids: The New Targets
Designers' Names Overtake Brand Equity
Digital Printing Plays a Key Role in Reviving Wall paper Demand
Growing Demand for Custom Designed and Premium Paints Sustain Growth in the Interior Paints Market
Rapid Urbanization in China to Boosts Demand for Wall Coverings
Rising Standards of Living Fuel Market Expansion
REST OF EUROPE
Underpenetrated Rural Markets in India Offer Strong Market Growth Potential
Growing Preference for Western Style Decor Drive Demand for Wallpapers
Rising Income Levels and Urbanization Favor Aspirational Consumption of Branded Products
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 257
For more information about this report visit https://www.researchandmarkets.com/r/o4gcgj
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