6 February 2019: Wallpaper
Market is subject to witness a substantial growth due to the
robust growth in the real estate industry, and excessive benefits of wallpapers
over the traditional paints. Factors responsible for sustained market growth,
in the recent years is credited to advantages such as superior durability and
convenience of installation compared to conventional wall decoration methods
such as wall painting and interior paint.
Additionally, the wallpaper allows covering of the visible
flaws on the wall that are difficult to mask by paint. Wallpaper does not consists
of harmful substances such as lead; such factors are expected to fuel the
growth of the market in the upcoming years. Globally, the wallpaper market is
predicted to grow at high CAGR over the forecast period, providing numerous
opportunities for market players to invest in research and development of the
wallpaper market.
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Robust growth in the building & construction industry
coupled with rise in personal disposable income are predicted to boost overall
market performance of wallpaper industry. Furthermore, improved standard of
living and increasing middle class housing needs, particularly in the
developing economies across the globe are expected to foster market in the
upcoming years. However, increased initial cost for installation of the
specialized wall coverings is predicted to limit market growth to a certain
extent.
A wallpaper is normally used for covering and decorating the
interior walls of residential as well as commercial building such as offices,
conference halls, and other buildings. Wallpapers are a vital part of interior
decoration. Wallpapers offer several advantages such as color diversity,
high-end patterns, resistance to rapid atmospheric changes, easy installation,
and cost-effectiveness. These factors are predicted to propel the growth of
wallpaper market over the forecast period.
Wallpapers come with wide variety of properties like color
diversity and rich patterns in comparison with other traditional painting solutions
such as wall painting and interior paint. In addition, increasing popularity
from countries such as United States, U.K., France, Germany and Japan are
anticipated to drive production of wallpapers in the years to come.
The key players in the wallpaper market are Asheu Wallpapers
Factory, York Wallcoverings Inc., MARBURGER TAPETENFABRIK J.B. Schaefer GmbH
& Co., Brewster Home Fashions LLC, Osborne & Little Ltd., The Romo
Group LLC, Filpassion S.A., Grandeco Wall Fashion Group NV, 4Walls Pvt. Ltd.,
and Arte-International Inc.
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