The major driver of wall covering market include rising environment consciousness coupled with introduction of new styled product and greater shelf life. Also, rapid urbanization, growing middle class and rising standard of living are some of the factors which is also driving the market for wall covering globally. However, small shelf life and high cost are the major factor which are restraining the wall covering market from its potential growth. The market is likely to witness the launch of variety of viable wall panels and wallpapers, eco-friendly interior paints. Technological advancement such as ink-jet printing technology which allows the ceramic surfaces to copy any look, design and texture is expected to boost the wall covering market globally.
Players operating in the global market are making thoughtful efforts to strengthen their position and enhance the market growth. Leading players are also engaged in research and development activities to provide better services to their customers and fuel growth. Some of the recent developments seen in the global wall covering market include: In 2019, Saint-Gobain introduced new flat glass production line (float) in Sriperumbudur, in India. This line fetched US$130 Million investment which boosts Saint-Gobain’s industrial glass facilities setup in India. With this setup, the company also introduced glass production line in areas of Jhagadia (Gujarat) and Bhiwadi (Rajasthan).A leading manufacturer of glass windows and façades Tecnoglass situated in Colombian acquired a minority share in the capital of Vidrio Andino, subsidiary of Saint-Gobain (Colombia). In this partnership, Vidrio Andino is likely to build a new float in Colombia to meet the growing demand for glass in this region.
Wall Covering industry is competitive and includes various market players such as,
• Sangetsu Co., Ltd.
• A.S. Création
• York Wallpapers
• Shin Han Wall Covering
• Zambaiti Parati
• Brewster Home Fashions
• Walker Greenbank Group
• RICCHETTI GROUP
• Belite Ceramics
• COOP. CERAMICA IMOLA GROUP
• Riyadh Ceramics
• Iris Ceramica
• Crossville, Inc.
• GOLD ART CERAMICA GROUP
• Robert Allen
• GKD Metal Fabrics
• We Cork
Wall Covering industry is segmented based on the Type, By Application And Region.
• Wood Wall Covering
• Ceramic Wall Covering
• Wall Panels
• Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America[United States, Canada, Mexico]
• Middle East & Africa[GCC, North Africa, South Africa]
• South America[Brazil, Argentina, Columbia, Chile, Peru]
According to the US Geological Survey, wallboard product sales in the United States in 2019 were 24,000 million square feet which is a clear indicator of an increasing demand of wall panels from consumers for wall panels in one piece, from wholesalers, DIY markets, architects, and contractors in the region. Moreover, these panels are common in commercial spaces, bathrooms, and toilets.
The adoption of wall panels is majorly to enhance aesthetic appeal. The wall covers with fewer joints also offer several practical gains, as they are easier to install than separate single tiles and considerable time can be saved during the renovation process. Besides, after the placement of the wall panels, the end-user also benefits from the ease that these panels offer, as the wall is easier to clean and maintain. The growing investments in the hospitality sector, owing to increasing global tourism, is poised to impact the market studied, over the forecast period.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Wall Covering market for the forecast period 2021 - 2025?
• What are the driving forces in the Wall Covering market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Wall Covering industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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