The scope of our recent study on the "Wallpaper Market Forecast to 2031 - Global Analysis - by Type, End Use, and Geography" includes the factors fueling the wallpaper market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.
The wallpaper market size was valued at US$ 30.55 billion in 2023 is projected to reach US$ 42.55 billion by 2031; it is estimated to register a CAGR of 4.2% from 2023 to 2031.
The non-residential construction sector experiences a continuous need for non-residential developments. According to the US Commerce Department reported an 11.3% increase in total construction spending to US$2.05 trillion as of November 2022. Actual construction spending reached US$ 1.8 billion through November 2023, 6.2% higher than the previous year. Private non-residential construction spending reached US$698.2 billion, private residential construction at US$896.8 billion, and public construction at US$ 455.1 billion. The construction of hotels, resorts, shopping malls, office towers, and entertainment complexes to cater to the growing influx of population and businesses has aided the demand growth of wallpapers. Furthermore, the increased demand for non-residential and institutional spaces, including offices, retail stores, hospitals, and educational facilities, has led to a surge in the need for quality and visually appealing wallcovering to enhance these spaces' interior design and ambiance. Manufacturers are responding to this demand growth by introducing innovative wallpaper designs, textures, and materials catering to the non-residential construction sector's aesthetic preferences and functional requirements. Thus, the proliferating non-residential construction sector drives the wallpaper market.
Vinyl-based wallpaper is gaining popularity among customers owing to its wide range of advantages for both residential and commercial applications. The durability and longevity of vinyl-based wallpaper are among its key benefits; the robust, scratch-resistant nature of vinyl allows it to withstand wear and tear, particularly in high-traffic areas, while maintaining its water-vibrant colors and patterns over time. In addition, the water resistance and washability properties of vinyl-based wallpaper make it ideal for moisture-prone areas such as bathrooms and kitchens, where easy cleaning is essential. This practicality of vinyl-based wallpaper, combined with a wide range of design options enabled by modern printing technologies, allows for creative integration into various designs. This type of wallpaper is also easier to install and remove compared to traditional paper-based options, making them more user-friendly-especially for those who frequently change their d