Asia Pacific Wallpaper Market By Product (Vinyl, Nonwoven, Fabric, Paper, and Other Products), By End Use (Commercial and Residential), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Wallpaper Market would witness market growth of 9.4% CAGR during the forecast period (2021-2027).
In developing countries, there is a rise in the investments for infrastructure development projects and an increase in the demand for green buildings, these determinants are accountable for surging the opportunities for the players operating in the global wallpaper market in the upcoming years. In addition, several factors like rapid urbanization, technological innovations, increasing disposable income, growing awareness, rising standards of living in emerging nations would propel the wallpaper market over the forecast years.
Developing technologies in printing techniques for wallpapers along with increasing home renovation activities are anticipated to fuel the demand for the product. Moreover, rising DIY projects including the utilization of wallpapers, increasing disposable income, and change in consumer preferences, are further projected to boost the wallpaper market in the upcoming years.
This region is witnessing a significant growth in urbanization and disposable income, which is considerably driving the wallpaper market. People in this region, are evolving their lifestyle and are replacing rural culture with modern culture. This is accountable to increase the utility of wall coverings coupled with other modern products. In addition, the residential constructions are increasing and thus, giving lucrative opportunities to the wallpaper market to rise in this region in the upcoming years.
Further, the demand for wall coverings in the residential sector is majorly fueled by household customization. Furthermore, the improvements in the design of wall covers and eco-friendly interior products for residences are increasing the demand for the product. The customers’ preference towards aesthetic wallpapers also boosting the demand for the wallpaper. Therefore, the increasing population is giving rise to the number of constructions, which is accountable to boost the growth of the wallpaper market in this region.
The Vinyl market dominated the Malaysia Wallpaper Market by Product in 2020, thereby, achieving a market value of $11.7 million by 2027. The Nonwoven market is estimated to grow at a CAGR of 10.1% during (2021 - 2027). Additionally, The Fabric market is expected to witness highest CAGR of 11.6% during (2021 - 2027).
Based on Product, the market is segmented into Vinyl, Nonwoven, Fabric, Paper, and Other Products. Based on End Use, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Wallpaper Market is Projected to reach USD 2.6 Billion by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sangetsu Corporation, A.S. Création Tapeten AG, Asian Paints, York Wallcoverings, Inc., Brewster Home Fashions LLC, F. Schumacher & Co., Osborne & Little Ltd., The Romo Group, Grandeco Wallfashion Group Belgium NV and 4Walls.
Scope of the Study
Market Segments Covered in the Report:
- Other Products
By End User
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Sangetsu Corporation
- A.S. Création Tapeten AG
- Asian Paints
- York Wallcoverings, Inc.
- Brewster Home Fashions LLC
- F. Schumacher & Co.
- Osborne & Little Ltd.
- The Romo Group
- Grandeco Wallfashion Group Belgium NV
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