Wallpaper Market to Benefit from Increasing Adoption of the Product During 2027

Posted by Akanksha Jain on December 14th, 2020

The global wallpaper market is projected to hit US,286.7 million by 2027, with a CAGR of 5.9 per cent during the forecast period (2019-2027). The wallpaper market is largely driven by rapid urbanisation. Rapid urbanisation has led to an increase in construction and maintenance activities across the globe. For example, according to the UN World Urbanization Prospects 2018, 55 per cent of the world's population currently resides in urban areas, which is projected to rise to 68 per cent in 2050. Growth in the world's population will add an additional 2.5 billion people to urban areas by 2050, with almost 70% of this rise taking place in Asia Pacific.

The global wallpaper market was estimated at US$ 6,946.2 million in 2018, according to Wallpaper Market Research, Product Form (Vinyl-based, Non-woven, Pure Paper Type, Fiber Type, and Others), Distribution Channel (Online Channel (Company's Own Website and Resellers/Third Party E-commerce Channels) and Offline Channel (Company Franchise Stores and Company Owned Showrooms)), and End Consumer (Residencies)

Asia Pacific is predicted to maintain a leading market share over the projected period. The expansion of the wallpaper market in the area is expected to fuel per capita income and rapid urbanisation in emerging Asia Pacific economies such as China and India.

To Further Information about Wallpaper Market @ https://www.globenewswire.com/news-release/2020/05/20/2036474/0/en/Wallpaper-Market-to-Reach-US-11-286-7-Million-globally-by-end-of-2027-Coherent-Market-Insights.html