Global Home Decorative Materials Market 2015-2019
About Home Decorative Materials
Home decorative materials constitute products that enhance the appearance and durability of home interior surfaces such as walls and wood. These products have gradually transformed in terms of form and function, driven by advances in technology. The performance of the market is directly related to the housing sector. Ownership patterns and construction activity are key to the growth of the market.
Technavio's analysts forecast the global home decorative materials market to grow at a CAGR of 4.80% over the period 2014-2019.
Covered in this Report
In this report, Technavio covers the present scenario and growth prospects of the global home decorative materials market for 2015–2019. To determine the market size, we use the revenue generated from the sale of home decorative materials such as wall coverings, varnish, and wood-care products.
Technavio's report, Global Home Decorative Materials Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, Europe, APAC, and MEA; it also covers the global home decorative materials market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Home Decorative Materials Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Home Decorative Materials Market 2015-2019: Home Depot Inc., Lowe's Companies Inc., The Sherwin-Williams Co. and Walmart Stores Inc.
Other Prominent Vendors in the market are: BAUHAUS, Bunnings, Carrefour, Homebase, Kingfisher, KOMERI, Leroy Merlin, Menard, OBI and RONA
Commenting on the report, an analyst from Technavio’s team said: “Proliferation of private label brands is one of the major trends upcoming in the market. Vendors of home decorative materials are increasingly introducing private label brands as they provide a major growth opportunity in light of declining profit margins. This strategy allows vendors to better respond to consumer trends and benefit from higher profit margins.”
According to the report, increased urbanization translates to an increase in new households being set up, which in turn drives demand for decorative materials. As the rural workforce moves to cities, the development of infrastructure intensifies, to house the incoming population.
Further, the report states that most of the home decorative materials degrade the environment owing to their manufacturing process and disposal. The manufacturing of home decorative materials involves a wide range of products such as pigments, dyes, solvents, and other chemicals which have negative consequences on the atmosphere and health.
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