PUBLISHER: IMARC | PRODUCT CODE: 1702104
PUBLISHER: IMARC | PRODUCT CODE: 1702104
The global wall covering market size reached USD 39.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 55.0 Billion by 2033, exhibiting a growth rate (CAGR) of 3.61% during 2025-2033. Escalating demand for aesthetic and customizable options, rapid advancements in material technology, a shift towards eco-friendly products, increasing construction activities, rising influence of social media, rising consumer renovation spending, and the burgeoning commercial sector's demand are some of the factors accelerating the market growth.
Wall coverings refer to a range of flexible textured fabrics or wallpaper sheets that are applied on vertical surfaces to cover, protect, and decorate the interior space of a building. They encompass backing, ground coating, ink, solid paper, and layers of vinyl as traditional raw materials that are later printed, pre-pasted and laminated on a solid plastic decorative surface. Wall coverings help in withstanding scribbles or scratches caused by furniture, adding textures in residential areas, hiding imperfections, reducing the risk of mold, and enhancing the overall aesthetics of the space. Apart from this, wall coverings are non-toxic, cost-effective, easy to install, require less maintenance, moisture, chemical, and fire-resistant, and can be employed permanently or semi-permanently based on individual preferences. As a result, they are used across several residential and commercial complexes, including lobbies, malls, educational institutions, and offices.
Extensive investments in infrastructural projects and the ongoing construction of various residential and non-residential complexes have intensified the adoption of wall coverings to protect interiors from moisture and stains. This is further influenced by the considerable expansion in the construction industry and the shifting consumer inclination toward visually appealing interior and exterior wall designs. Additionally, the advent of graphic design and new wall covering production facilities and the uptake of digital printing technologies to print textiles in diverse textures are acting as another growth-inducing factor. Moreover, the rising usage of premium wall coverings with high-quality finishes in the kitchen, shower enclosure, and bathroom is supporting the market growth. Apart from this, the composition of insulated wall panels to offer superior insulation and strategic collaborations amongst key players to launch innovative product variants in various colors, patterns, sizes, and materials to meet evolving consumer preferences are creating a positive outlook for the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being A.S. Creation Tapeten AG, Ahlstrom-Munksjo Oyj, Architonic, Asian Paints Ltd, Brewster Home Fashion, F. Schumacher & Co., Grandeco Wallfashion Group, J. Josephson Inc., Osborne & Little, Saint-Gobain, Sanderson Design Group and York Wallcoverings Inc.