The global Vinyl Wallpaper Market Size was valued at $943.3 million in 2021, and is projected to reach $1.3 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031. The study involved research on landscape-specific skills as well as detailed information on each section such as Market Size, Shares, Trends, Regional and Country-level Strategic Market Growth, Opportunities in emerging revenue pockets, Competitive Landscape, Technological innovations, etc. This report assessment provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2021 to 2031
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The major Key Players covered in the report Vinyl Wallpaper Market are:
AS Creation
York Wallcoverings Inc.
Brewster Home Fashions LLC
Sanderson Design Group
F Schumacher & Co.
Asian Paints
Osborne & Little
Lentex Corporation
Guilin Wellmax Wallcovering Co. Ltd.
Grandeco Wallfashion Group
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According to the United Nations, a large part of the globe is currently undergoing urbanization. In 2020, nearly 56% of the world’s population lived in urban areas. Growth in urbanization has resulted in increased awareness for wall covering products such as vinyl wallpaper. Increase in number of nuclear families, especially in developing countries coupled with rise in urbanization are surging demand for wallpaper.
Segmentation:
The global vinyl wallpaper market is segmented on the basis of product type, application, distribution channel, and region. By product type, it is categorized into solid vinyl wallpaper, vinyl coated wallpaper, and fabric backed vinyl wallpaper. Solid vinyl wallpaper is by far the most popular ones among the customers as it can withstand water & scrubbing, and is durable, washable, and long-lasting. Moreover, vinyl coated wallpaper has a paper base that is treated with a chemical form of vinyl such as acrylic vinyl which adds an extra layer of protection from humidity & moisture. Vinyl coated wallpaper is durable, water-resistant, stain-resistant, scrubbable, washable but tears more easily than other wallpapers. This home wallpaper is used in bathrooms and kitchens. Furthermore, fabric backed vinyl wallpaper consists of a thick woven fabric base that is used instead of paper. Fabric backed vinyl wallpaper is moisture resistant, durable, washable, scrubbable, and strippable.Â
Key findings of the study
- On the basis of product type, the vinyl coated wallpaper segment is expected to be the fastest growing segment during the forecast period.
- On the basis of type, the household segment was the dominating segment in 2021.
- On the basis of distribution channel, supermarket/hypermarket segment is expected to be the fastest growing segment during the forecast period, with the CAGR of 4.1%.
- On the basis of region, Asia-Pacific is expected to be the fastest growing segment during the forecast period with the CAGR of 4.5%.
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