Painting and Wall Covering Contractors Global Market Report 2024

The painting and wall covering contractors market size has grown marginally in recent years. It will grow from $220.38 billion in 2023 to $224.62 billion in 2024 at a compound annual growth rate (CAGR) of 1.9%. The growth observed in the historical period can be attributed to factors such as construction and real estate activity, home renovations and remodeling, prevailing aesthetic trends and design preferences, commercial and industrial projects, as well as property maintenance.

The painting and wall covering contractors market size is expected to see steady growth in the next few years. It will grow to $248.12 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The anticipated growth in the forecast period can be attributed to the adoption of green building practices, advancements in materials and techniques, trends in interior design, both in commercial and residential construction, and overall economic conditions. Significant trends expected in the forecast period encompass compliance with health and safety standards, the increasing importance of digital marketing and online presence, innovative application techniques, the use of energy-efficient coatings, and a notable surge in residential renovation activities.

The anticipated increase in housing demand is poised to drive the growth of the painting and wall covering contractors market. Housing, encompassing dwellings built for one or more families, creates a heightened need for painting and wall-covering contractors who manage various home maintenance tasks, including coloring floors, roofs, buildings, and walls. As reported by the United States Census Bureau in March 2023, the seasonally adjusted yearly basis for privately owned housing units approved by building permits in February 2023 was 1,524,000, reflecting a 13.8% increase from the corrected January rate of 1,339,000. This surge in housing demand is a significant factor propelling the painting and wall covering contractors market.

The increased focus on environmental impact is expected to further drive the growth of the painting and wall covering contractors market. Environmental impact refers to the effects of human activities on the natural environment. Embracing eco-friendly practices, painting and wall covering contractors contribute to a healthier planet by reducing harmful pollutant emissions, improving air quality, minimizing environmental footprints, reducing waste generation, and promoting energy efficiency. In October 2023, the greenhouse gas emissions per resident in the United Kingdom rose by 2% in 2022 compared to 2021, as reported by the UK's Office for National Statistics. This increased emphasis on environmental impact is a key driver for the growth of the painting and wall covering contractors market.

The adoption of technologically innovative paintings is a prominent trend gaining popularity in the painting and wall covering contractors market. Major companies in this market focus on utilizing technologically advanced painting solutions to enhance their market position. For example, in April 2022, PPG Industries Inc. launched Copper Armor, a revolutionary virus- and bacteria-fighting paint. Leveraging Corning Guardiant copper technology, this interior coating eliminates 99.9% of viruses and germs after two hours of contact, contributing to a more sanitary environment. The incorporation of innovative technologies such as Corning Guardiant copper ion technology showcases a commitment to providing advanced painting solutions with proven efficacy.

Major companies in the painting and wall covering contractors market are directing their efforts towards innovative products, such as hardwood flooring, to drive revenue. Hardwood flooring, crafted from timber for structural or aesthetic flooring purposes, represents a creative approach to wall covering. In November 2023, Duchateau LLC launched the Pictura and Intervals Collections, offering unique wall covering options inspired by historical artwork and architecture with a modern twist. The Intervals Collection, with its felt backing for sound insulation and enhanced visual contrast, demonstrates Duchateau's commitment to providing inventive wall covering solutions.

In January 2023, F.D. Thomas acquired Redwood Painting Company for an undisclosed amount. This acquisition aims to bolster F.D. Thomas' market position in the maintenance and wastewater sectors while providing a new platform for expansion. Redwood Painting Company, a painting contractor based in the U.S., adds value to F.D. Thomas' capabilities in the specialized construction and engineering domain.

Major companies operating in the painting and wall covering contractors market report are 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., Architonic AG, 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.

Asia-Pacific was the largest region in the painting and wall covering contractors market in 2023. 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. The countries covered in the painting and wall covering contractors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main product categories for painting and wall covering contractors include wall panels, wallpaper, tiles, metal wall covering, and others. Wall panels, a form of millwork, are utilized to enhance the interiors of a building. They are often constructed from rigid or semi-rigid materials such as wood, plastic, or other substances. These products find applications in various contexts, including new construction and renovation, serving diverse end-users such as residential and commercial clients.

The painting and wall covering contractors market research report is one of a series of new reports that provides painting and wall covering contractors market statistics, including painting and wall covering contractors industry global market size, regional shares, competitors with a painting and wall covering contractors market share, detailed painting and wall covering contractors market segments, market trends and opportunities, and any further data you may need to thrive in the painting and wall covering contractors industry. This painting and wall covering contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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