Global Wall CoveringMarket: Overview
Wallcovering are designed to protect the wall surfaces from accidental marks orscratches. These covering further help neutralizing the interior of thebuilding while customizing the interiors. These benefits are fueling the growthof global wall packaging market. The growth of the market is also driven byfactors such as growing demand of wall covering materials in both industrialand residential sectors. Also, growth in disposable income of people in variouscountries is propelling the growth of global wall covering market in theforecast period of 2019 to 2027. Moreover, growing initiatives to revampancient buildings in many regions across the globe is also one of the majorfactors that is influencing the growth of global wall covering market in comingyears.
A recentreport by Transparency Market Research provides an in-depth analysis of globalwall covering market for the forecast of 2019 to 2027. The repost shedslight on various facets such as key opportunities, major players, andcompetitive scenario of the global wall covering market for the estimatedduration.
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GlobalWall Covering Market: Notable Developments
The globalwall covering market is highly fragmented and has an intense competitivelandscape. Moreover, influx of various new entrants is also intensifying thecompetition in the market. Though global wall covering market has variousplayers, it is dominated by few prominent ones. These players are adoptingstrategies such as acquisition of various start-ups and multiple medium scalebusinesses. This strategy is allowing the players to expand their productioncapacity and penetrate various regional markets. On the other hands, the newplayers are looking forwards to strategies such as mergers, collaborations, andpartnerships in order to have a sustainable future in global wall coveringmarket.
· In June 2017, Brewster Home Fashions acquired assets of FetcoHome Décor Inc. The move allowed the company to expand its product portfolio ofhome décor solutions. Owing to this, Brewster was also able to expand itsresourced bank and establish a dominating presence in the market.
Some ofthe prominent players of global wall covering market are Dal-Tile Corporation,Crossville Inc., Emilceramica S.p.A, Marazzi Group, Johnson Tiles, BlueMountain, Brewster Home Fashions, F. Schumacher & Company, and MarazziGroup.
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GlobalWall Covering Market: Key Drivers
The growthof the global wall covering market is majorly driven by the surge in the realestate industry these days. The growing demand for premium real estate isinfluencing the growth of global wall covering market in the forecast period of2019 to 2027. The surge in the residential construction is also one theprominent reasons that is promoting the growth of global wall covering marketin coming years.
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Moreover,growth in disposable income of people in various regions across the globe isalso expected to fuel the growth of the market. Also, various initiatives toprotect various ancient monuments and building across the globe is propellingthe growth of global wall covering market in the forecast of 2019 to 2027.
Furthermore,growing demand for high-density apartments and trend to customize the interioraccording to the choice of the owner/tenant of the apartment is also fuelingthe growth of global wall covering market in coming years.
Global Wall Covering Market: Regional Outlook
Europe isexpected to exhibit maximum potential in global wall covering market. Thegrowth of the market is attributed to rising demand for quality apartments andvarious developments in construction industry. Moreover, Asia Pacific isanticipated to follow Europe in terms of growth of global wall covering marketin the forecast of 2019 to 2027.
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