Wallpaper Market Key Development Trends and Applications Report

Factors responsible for sustained market growth, in the recent years is credited to advantages such as superior durability and convenience of installation compared to conventional wall decoration methods such as wall painting and interior paint.

ID: 1552265
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(businesspress24) - The Global Wallpaper Market is subject to witness a substantial growth due to the robust growth in the real estate industry, and excessive benefits of wallpapers over the traditional paints. Factors responsible for sustained market growth, in the recent years is credited to advantages such as superior durability and convenience of installation compared to conventional wall decoration methods such as wall painting and interior paint.

Additionally, the wallpaper allows covering of the visible flaws on the wall that are difficult to mask by paint. Wallpaper does not consists of harmful substances such as lead; such factors are expected to fuel the growth of the market in the upcoming years. Globally, the wallpaper market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the wallpaper market.

Robust growth in the building & construction industry coupled with rise in personal disposable income are predicted to boost overall market performance of wallpaper industry. Furthermore, improved standard of living and increasing middle class housing needs, particularly in the developing economies across the globe are expected to foster market in the upcoming years. However, increased initial cost for installation of the specialized wall coverings is predicted to limit market growth to a certain extent.

A wallpaper is normally used for covering and decorating the interior walls of residential as well as commercial building such as offices, conference halls, and other buildings. Wallpapers are a vital part of interior decoration. Wallpapers offer several advantages such as color diversity, high-end patterns, resistance to rapid atmospheric changes, easy installation, and cost-effectiveness. These factors are predicted to propel the growth of wallpaper market over the forecast period.

Wallpapers come with wide variety of properties like color diversity and rich patterns in comparison with other traditional painting solutions such as wall painting and interior paint. In addition, increasing popularity from countries such as United States, U.K., France, Germany and Japan are anticipated to drive production of wallpapers in the years to come.

The wallpaper market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies for production of wallpapers and existence of well-established industrial infrastructure in the region.

Asia-Pacific region is predicted to hold major market share in the wallpaper industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing popularity over interior paint, rising personal disposable income and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the wallpaper market are Asheu Wallpapers Factory, York Wallcoverings Inc., MARBURGER TAPETENFABRIK J.B. Schaefer GmbH & Co., Brewster Home Fashions LLC, Osborne & Little Ltd., The Romo Group LLC, Filpassion S.A., Grandeco Wall Fashion Group NV, 4Walls Pvt. Ltd., and Arte-International Inc.

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wallpaper-market, consumer-goods, wallpapers, wallpaper-industry, consumer-goods-market, consumer-goods-industry,

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Date: 09/17/2019 - 04:43
Language: English
News-ID 1552265
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Firma: Million Insights
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Freigabedatum: 17.09.2019

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