According to a new report Global Wallpaper Market, published by KBV research, The Global Wallpaper Market size is expected to reach $2.6 billion by 2027, rising at a market growth of 8% CAGR during the forecast period.
The commercial segment dominated the wallpaper market by acquiring the highest revenue share in 2020 and is expected to display the similar kind of trend during the forecast period. The major factor propelling the demand for wallpapers in the commercial segment across the world is the growing rate of high-traffic spaces such as restaurants, clubs, and bars.
The nonwoven product segment would be the fastest-growing segment during the forecast period, owing to the propelling demand for peel-and-stick wallpapers. Many manufacturers of wallpaper are also inclining towards digital printing technologies because of which, the demand for nonwoven wallpapers is surging in the market. Additionally, these wallpapers can be removed easily from the wall and also helps in covering the cracks or any kind of mark on the wall.
North America acquired the largest revenue share in 2020 and is expected to maintain this position during the forecast period. Factors accountable for fueling the regional wallpaper market during the forecast period are rising demand for products that helps in making home more attractive & livelier and increasing rate of disposable income. In addition, several governments are reinforcing renovation activities to construct energy-efficient buildings in this region. These initiatives taken by governments are offering lucrative opportunities to the wallpaper market.
Full Report: https://www.kbvresearch.com/wallpaper-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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