The Latin America, Middle East and Africa Wallpaper Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
The existing experts in the developed nations suggest customers to use vinyl-based wallpapers for their houses because vinyl wallpapers have a long-life span. These wallpapers can be used for 30 years or more. Many other appealing features of wallpaper such as durability, easy maintenance, and stain resistance are accountable to make them cost-effective and also help in improving the aesthetic appeal of the house.
Several wallpapers that are made with specific materials contain special features that are creating lucrative opportunities for the growth of the wallpaper market. Customers are suggested to use grasscloth wallpapers on the rough walls as the rough walls cannot be protected by using wall paints. Additionally, grasscloth wallpapers make walls more beautiful and prevent them from getting spoiled.
LAMEA is an underdeveloped region, where people are not aware of the evolving technologies and due to this, the growth of the wallpaper market is slow in this region. The manufacturers are taking initiatives to create awareness among the population through various social media platforms. Also, manufacturers are launching new products with improving their performance levels. People are gradually inclining towards digital wallpapers to enhance their home interior. Also, the people residing in this region have low purchasing power, which could hamper the demand of wallpaper in this region.
In addition, this region is witnessing a rise in construction projects, which is anticipated to fuel the demand for wallpapers. People are demanding aesthetic wallpapers to use in their houses to improve the interior look and make their house look more attractive, lively, and pleasing. Further, the latest technologies are helping in offering a variety of wallpaper designs that are easily available in the market at reasonable prices. Therefore, it is anticipated that these factors will gradually augment the growth of the wallpaper market in this region in the upcoming years.
The Commercial market dominated the South Africa Wallpaper Market by End Use in 2020, thereby, achieving a market value of $31.4 million by 2027. The Residential market is expected to witness a CAGR of 9.7% during (2021 - 2027).
Based on Product, the market is segmented into Vinyl, Nonwoven, Fabric, Paper, and Other Products. Based on End Use, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Wallpaper Market is Predict to reach $2.6 Billion by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sangetsu Corporation, A.S. Création Tapeten AG, Asian Paints, York Wallcoverings, Inc., Brewster Home Fashions LLC, F. Schumacher & Co., Osborne & Little Ltd., The Romo Group, Grandeco Wallfashion Group Belgium NV and 4Walls.
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