Market Overview:
Wallpaper Market is popular in construction industry where it is used as interior decoration for decorating the walls of commercial and residential buildings.
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Competitive Landscape:
York Wallcoverings, 4Walls, Len-Tex Corporation, Koroseal Interior Products, LLC, Wallquest Inc., Fidelity Wallcoverings Inc., Brewster Home Fashions LLC, The Wallpaper Company, Glamora S.r.l., and Arte-International.
Key Drivers
Growing demand for interior decoration across commercial and residential for improving aesthetic appearance sector is driving growth of the wallpaper market. For instance, in August 2020, UDC Homes launched a new range of wallpapers known as the Nuance collection. This range features wall coverings with nature-inspired designs—majestic mountains, expansive ocean waves and pristine forests with a plethora of vibrant animals and birds.
Rise in construction industry is again augmenting growth of the market. For instance, according to the Global Construction 2030 perspective and Oxford Economies, in 2016, the global construction industry was valued at US$ 9.5 trillion, which is expected to grow by 85% to reach US$ 17.5 trillion by 2030, with China, India, and the U.S. accounting for 57% of the global share.
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Covid-19 Impact Analysis
With the slowdown in the economic growth the manufacturing or assembling organizations are has suffered a lot and confronting hardships in working their office in this pandemic circumstance. Besides, a portion of the organizations have briefly closed down while others are battling to proceed with their activities.
Key Takeaways:
The wallpaper market is expected to exhibit a CAGR of 5.9 % over the forecast period owing to the rise in popularity of home décor products and increasing disposable income of consumer across emerging countries.
Asia Pacific is expected to witness significant growth over the forecast period owing to the increasing construction sector in the region. According to the India Brand Equity Foundation, the Indian real estate sector was valued at US$ 120 billion in 2017, and is expected to reach US$ 1 trillion by 2030.
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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