Global Wall Covering Materials Market: Introduction
- Wall covering materials improve the esthetic appeal of building structures and protect them from scratches and other extreme environmental elements. Wall covering materials can enhance the value, safety, and saleability of buildings, while needing little to no maintenance.
- Wall covering entails layering one material on top of another material, which protects walls and internal works of a building from excessive sunlight or water. Wall covering materials provide thermal insulation to exterior façade, and preserve internal heat load state. These materials can also feature an acoustic barrier against noisy social conditions outside the building. Wall cladding helps protect a building from exterior damage.
- Traditionally, wall covering materials include stones, paints, tiles, and bricks. Several modern variants consist of ceramics; concrete fibers; wood & wood composites; fiber reinforced plastic; glass reinforced concrete panels; and metals such as zinc, steel, copper, and aluminum composites.
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Key Drivers of Global Wall Covering Materials Market
- Demand for wall covering materials has been rising across the globe, led by an increase in housing requirements for the expanding global population. This has boosted the construction of smart city projects and infrastructure development projects in various countries. Global construction spending activity is likely to expand in areas including single-family construction, residential refurbishment, and educational facilities in the near future. Demand for wall covering materials is expected to increase substantially, particularly in new construction, during the forecast period due to their enhanced esthetic appeal.
- Demand for traditional wall covering materials is anticipated to be low in the construction industry in the near future, as these materials are highly energy intensive. Demand for more sustainable variants of wall covering materials such as metal or wood composites is estimated to increase in the construction industry during the forecast period.
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Global Wall Covering Materials Market: Key Product Segments
- Based on product type, the global wall covering materials market can be divided into concrete, brick, metal, fiber cement, wood, vinyl, stone, tile, fabric, and others
- Fiber cement wall covering materials possess unique characteristics of less water absorption ratio, termite resistance, fire resistance, and minimal sound insulation. These features of fiber cement make it a suitable option for exterior applications.
- Vinyl based wall coverings are durable, nonporous, stain-resistant, and easy to clean & disinfect. These attributes make them compatible in health care environments and other public spaces where infection control is of utmost importance.
- Demand for metal wall covering materials is likely to increase for exterior applications, particularly in the commercial construction segment, by 2030. For instance, aluminum-based wall coverings tend to be lightweight and UV & weather resistant, with quick installation capabilities, longer lifecycle, and less maintenance.
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Global Wall Covering Materials Market: Key Application and End-use Segments
- Based on application, the global wall covering materials market can be bifurcated into interior and exterior. In terms of end-uses, the market can be segregated into residential construction, non-residential construction, and commercial construction.
- In terms of demand, the exterior segment is anticipated to expand substantially in the near future. Wall covering materials protect the mechanical structure of a building amid varying weather conditions. These materials also reduce the volume of water that is being absorbed.
Asia Pacific to be Key Region of Global Wall Covering Materials Market
- In terms of region, the global wall covering materials market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific has been experiencing high rate of industrialization and urbanization along with growth in population. Increase in construction and infrastructure development in India’s tier-II and III cities, spurred by various central & state government and municipal corporation initiatives, is likely to boost the demand for wall covering materials. India has been witnessing significant interest from international investors in the infrastructure space, led by the ongoing government, social, and public mega infrastructure projects.
- China is redefining the urban landscape by creating new cities. The country plans to create 19 gigantic urban clusters (supercities) by strengthening the links among cities to achieve greater urbanization. This is estimated to propel the wall covering materials market in Asia Pacific region in the near future.
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