A wallpaper is a style of material that is used to beautify, cover, and decorate inner walls of offices, entertainment building, homes, and other buildings. Wallpaper is one of the attributes of interior beautification. Owing to its wide range of characteristics that cannot be compared with other interior wall covering and decoration materials, such as color diversity, environment protection, rich patterns, appropriate price, and convenient installation, wallpaper has gained significant adoption among customers across the world.
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.
Growth of the real estate primarily fuels the demand for wallpaper. Convenience of installation and durability in contrast to the conventional wall decoration methods, for instance, wall painting, drive the demand for wallpaper. Moreover, wallpaper can cover flaws in the wall. Lack of harmful substances, such as lead, in wallpaper also drives the market. Moreover, innovative and technological advancements across several industries, including residential and non-residential construction, are estimated to drive the global wallpaper market during the forecast period.
Rising demand for green buildings and increasing investments in infrastructure development projects in developing economies are projected to create growth opportunities for the wallpaper market in these countries in the near future. Additionally, factors such as growing awareness, rising standards of living, increasing disposable income, rapid urbanization, and technological innovations in developing countries are anticipated to fuel the global wallpaper market during the forecast period.
Rising demand for green buildings and increasing investments in infrastructure development projects in developing economies are projected to create growth opportunities for the wallpaper market in these countries in the near future. Additionally, factors such as growing awareness, rising standards of living, increasing disposable income, rapid urbanization, and technological innovations in developing countries are anticipated to fuel the global wallpaper market during the forecast period.
The global wallpaper market can be classified based on product type, wall covering type, installation, room type, end-user, and distribution channel. In terms of product type, the market can be segmented into vinyl-based wallpaper, non-woven wallpaper, pure-paper-type wallpaper, fiber-type wallpaper, and others. Based on wall covering, the market can be divided into 3D wall covering, natural wall covering, and others.
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