Sustainable Wall Panels & Wallpapers and Eco-Friendly Interior Paints Drive the Global Wall Coverings Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 17, 2014 -- Follow us on LinkedIn – Wall Coverings, a protective wall décor comprising wallpapers, wall tiles, interior paints, and wall panels, are extensively used in residential, commercial and industrial buildings for functionality and art. Wall coverings represent a vital component of a building's integrated wall system with market demand highly dependent on construction activity in residential, hospitality and healthcare sectors. Improving economic growth as mirrored by the steady rise in global GDP, growing consumer confidence, and rising construction activity and building renovation/retrofit activity across the world is driving current growth in the market. Ongoing trends in the market include revival of interest in feature walls and the gradual replacement of paper-based wallpapers with non-woven wallpapers.
Future growth in the market is expected to be driven by increasing global population, rapid urbanization, burgeoning middle class population, and rising standards of living and the resulting need to build more residential and commercial spaces across the world. With urban population increasing at the rate of more than a person every second, by 2050 urban population worldwide is set to increase by over 2.5 billion totaling over 6.0 billion individuals. The scenario broadens the total available market opportunity for wall coverings.
Driven by growing emphasis on environment protection, the market is witnessing the launch of a wide range of eco-friendly interior paints, sustainable wall panels and wallpapers. Technological innovations such as ink-jet printing technology that allows tile surfaces to replicate any look, texture and design, is expected to kindle consumer interest and re-energize demand patterns in the market. Innovations that are poised to benefit the market in the near term include digital wall coverings; application of 3D technology in combination with laser cut relief, hand sculpting and engravings; indoor air quality enhancing wall coverings; sound-proof wall coverings; smart multi-purpose wall tiles; and feature-rich interior paints.
As stated by the new market research report on Wall Coverings, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 5.7% over the analysis period. Burgeoning economies with huge population such as China and India, growing need for improved accommodation, growing urbanization, increasing employment opportunities, improving disposable income levels, and the increasing number of residential apartments to accommodate the rising middle class and their changing attitude towards interior decors represent primary growth drivers in the region.
Key players covered in the report include Crossville Inc., Dal-Tile Corporation, Emilceramica S.p.A, Johnson Tiles, Marazzi Group, Blue Mountain, Brewster Home Fashions, F. Schumacher & Company, Seabrook Wall coverings Inc., The Designtex Group, Decorative Panels International, Georgia-Pacific LLC, Wilsonart LLC, Akzo Nobel N.V., Asian Paints Limited, Benjamin Moore & Co., Nippon Paint Co. Ltd., Sherwin-Williams Company, and Valspar Corporation, among others.
The research report titled “Wall Coverings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East, and Latin America (Brazil and Rest of Latin America). Product segments analyzed in the report include Wallpaper, Interior Paint, Wall Tile, and Wall Panels.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Wall_Coverings_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 408-528-9966, [email protected]
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