Painting And Wall Covering Contractors Market Trends 2025–2029: Forecasts for Key Growth Segments
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What Is The Anticipated Size Of The Painting And Wall Covering Contractors Market Over The Five-Year Period 2025–2029?
The valuation of the painting and wall covering contractors sector has demonstrated consistent upward movement throughout the preceding years, projected to advance from a sum of $222.86 billion in the year 2024 to reach $229.73 billion by 2025, reflecting a compound annual growth rate (CAGR) calculated at 3.1%; this expansion observed during the past period is largely fueled by vigorous engagement in construction and real estate endeavors, ongoing residential refurbishment and modernization tasks, shifting aesthetic inclinations and stylistic choices, the execution of diverse commercial and industrial undertakings, alongside essential property upkeep requirements.
Anticipation surrounds the painting and wall covering contractors sector, predicting sustained expansion moving forward; this market is projected to reach a valuation of $266.01 billion by 2029, achieving a compound annual growth rate (CAGR) of 3.7% over the forecast duration, a rise fueled by factors such as the adoption of environmentally friendly construction methods, breakthroughs in material science and application procedures, evolving interior aesthetics, the vitality of both commercial and housing construction sectors, and prevailing economic climates. Key developments shaping this period encompass adherence to stricter health and safety protocols, an increased reliance on digital promotion and maintaining an online footprint, the introduction of novel application methodologies, the proliferation of energy-saving surface treatments, and a significant upswing in home improvement projects.
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What Are The Drivers Pushing New Developments In The Painting And Wall Covering Contractors Market?
Anticipated surges in the need for residences are projected to fuel the expansion of the market encompassing painting and wall covering contractors in the time ahead. A residence is defined as any structure intended for one or more families to inhabit. Professionals in painting and wall coverings handle diverse upkeep tasks for residences, such as applying color to surfaces including floors, rooftops, structures, and interior walls, sometimes also involving oversight and direction of these projects. Consequently, as the requirement for living spaces and houses escalates, so does the necessity for contractors specializing in these finishing trades. To illustrate this trend, data released by the United States Census Bureau, a central component of the federal statistical apparatus, showed that in February 2023, approvals for privately owned housing units, calculated at a seasonally adjusted annual rate, reached 1,524,000 in March 2023; this figure represented a 13.8 percent climb above the revised figure of 1,339,000 reported for January. Thus, the escalating housing requirement is acting as a primary catalyst for the progression of the painting and wall covering contractors industry.
What Are The Emerging Segments Gaining Attention In The Painting And Wall Covering Contractors Market?
The painting and wall covering contractors market covered in this report is segmented –
1) By Product Type: Wall Panel, Wall Paper, Tile, Metal Wall Covering, Other Products
2) By Application: New Construction, Renovation
3) By End-User: Residential, Commercial
Subsegments:
1) By Wall Panel: Wood Panels, PVC Panels, MDF Panels, Acoustic Panels
2) By Wall Paper: Vinyl Wallpaper, Non-Woven Wallpaper, Paper Wallpaper, Fabric Wallpaper
3) By Tile: Ceramic Tiles, Porcelain Tiles, Glass Tiles, Natural Stone Tiles
4) By Metal Wall Covering: Aluminum Panels, Steel Panels, Copper Panels, Zinc Panels
5) By Other Products: Decorative Wall Murals, Textured Paints, Wall Decals, Specialty Coatings
What Are The Major Trends Driving The Growth Of The Painting And Wall Covering Contractors Market?
A notable surge is being observed in the adoption of technologically advanced artwork within the sector for painting and wall covering contractors, representing a significant current trend. Leading firms within this specific industry are concentrating their efforts on employing painting methodologies derived from novel technologies as a means to solidify their standing. Taking a concrete example, in the month of April 2022, PPG Industries Inc., an American producer specializing in coatings, paints, and custom materials, introduced Copper Armor, their most recent paint formulation designed to combat viruses and bacteria. This pioneering interior surface treatment incorporates Corning Guardiant copper technology and is effective at eradicating 99.9 percent of germs and viruses following a two-hour exposure period. The Copper Armor product leverages Corning Guardiant copper ion technology, an added component that underwent assessment at the microbiology laboratory led by Dr. Charles Gerba at the University of Arizona, demonstrating the capability of Guardian to provide ongoing sanitization for wall surfaces and eliminate pathogens continuously. The recent registration secured from the EPA (Environmental Protection Agency) marks the initial product featuring Guardiant made available for purchase within the U.S. market.
Which Leading Players Are Enhancing Their Painting And Wall Covering Contractors Market Presence Worldwide?
Major companies operating in the painting and wall covering contractors market include Saint-Gobain Adfors America Inc., Ahlstrom-Munksjo Oyj, Asian Paints Ltd., Benjamin Moore & Co., A.S. Création Tapeten AG, J. Josephson Inc., Sanderson Design Group plc, Grandeco Wallfashion NV, York Wallcoverings Inc., Dal-Tile LLC, Nippon Paint Holdings Co. Ltd., Akzo Nobel N.V., F. Schumacher & Co., Osborne & Little Ltd., CertaPro Painters Ltd., Five Star Painting Inc., Fresh Coat Painters, ProTect Painters, Wow 1 Day Painting, College Pro Painters, Mayer Fabrics, CF Stinson LLC, Momentum Textiles Digital, Pallas Textiles Digital, Camira Fabrics Digital, Maharam Digital Projects, Wolf-Gordon Digital, KnollTextiles Digital, Designtex Digital
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Which Region Is Expected To Witness The Fastest Growth In The Painting And Wall Covering Contractors Market?
Asia-Pacific was the largest region in the painting and wall covering contractors market in 2024. The regions covered in the painting and wall covering contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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