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Digitally Printed Wallpaper Market - Global Forecast to 2023DUBLIN, June 14, 2018 /PRNewswire/ -- The "Digitally Printed Wallpaper Market by Substrate (Nonwoven, Vinyl, Paper, Others), by Printing Technology (Inkjet, Electrophotography), by End-use Sector (Residential, Non-residential, Automotive & Transportation), & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. This report projects that the digitally printed wallpaper market size will grow from USD 2.53 Billion in 2018 to USD 7.74 Billion by 2023, at estimated projected CAGR of 25.0% from 2018 to 2023. The digitally printed wallpaper market is expected to witness high growth as a result of the rising urbanization, large-scale investments in the infrastructure & industrial sectors, and growing construction activities in emerging economies. This report has been segmented on the basis of substrate, printing technology, end-use sector, and region. The residential sector is projected to be the fastest-growing segment in the digitally printed wallpaper market during the forecast period. The growth can be attributed to a rise in the number of housing renovation which creates demand for interior decoration, along with the increase in disposable income levels. On the basis of substrate, the vinyl segment is projected to grow at the highest rate during the forecast period in terms of volume due to factors such as keen interest from consumers regarding the use of vinyl wallpapers across the residential and non-residential construction sectors in the emerging economies of the Asia Pacific. The growth of vinyl wallpapers is further contributed to by its low cost, stain-resistant, better durability, and easy maintenance properties. The inkjet segment dominated the global digitally printed wallpaper market, by technology, in 2017 and this trend is projected to continue during the forecast period. This dominance can be attributed to its simplicity of usage, scalability, and ability to produce high-quality print. Asia Pacific is projected to be the fastest-growing regional market during the forecast period. China contributes major share in the Asia Pacific market. The increasing number of new housing units, increasing demand for cheaper interior decoration, along with an increase in population and huge investments in the infrastructure sector are fueling the demand for digitally printed wallpaper in this region. Asia Pacific dominated the market for digitally printed wallpaper in 2017. The low manufacturing cost, increasing disposable income of people and favorable policies and plans such as the National New-type Urbanization Plan in China boost the growth of the digitally printed wallpaper market in Asia Pacific. In this region, China held the largest share owing to the promising growth of the construction industry. Key Topics Covered: 1 Introduction
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