The Painting And Wall Covering Contractor Global Market Report 2023, provides comprehensive information on the painting and wall covering contractors market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Painting And Wall Covering Contractor Market’s Growth:
The global painting and wall covering contractors market size are expected to grow from $216.31 billion in 2022 to $222.71 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global painting and wall covering contractors market size is expected to reach $243.41 billion in 2027 at a CAGR of 2.2%.
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The utilization of technologically advanced painting solutions has emerged as a prominent and rapidly growing trend within the painting and wall covering contractors market. Leading companies in this sector have been resolutely prioritizing the incorporation of innovative painting technologies as a strategic move to fortify their market positions. An illustrative case of this innovative approach occurred in April 2022 when PPG Industries Inc., a prominent US-based manufacturer renowned for its coatings, paints, and specialized materials, introduced Copper Armor, a groundbreaking paint formulation equipped with potent antiviral and antibacterial properties.
Copper Armor, driven by Corning Guardiant copper technology, stands as a groundbreaking interior coating that holds the remarkable ability to eliminate up to 99.9% of viruses and germs upon a mere two hours of contact. The exceptional performance of Copper Armor can be attributed to the utilization of Corning Guardiant copper ion technology, an additive which underwent rigorous evaluation at the esteemed microbiology laboratory of Dr. Charles Gerba, situated at the University of Arizona. The results of this assessment conclusively demonstrated that Guardian technology serves as an ongoing safeguard, ensuring the continuous sanitization of walls and the eradication of bacteria.
The significance of this technological milestone is underscored by the recent Environmental Protection Agency (EPA) registration, marking Copper Armor as the inaugural Guardiant-enabled product available in the United States. This development has profound implications for the painting and wall covering industry, introducing a new paradigm of hygienic and health-conscious interior coatings.
In summary, the infusion of advanced painting technologies into the domain of painting and wall covering contractors represents a transformative wave in the industry, with PPG Industries Inc.’s Copper Armor standing as a prime exemplar of this evolution. This innovation ushers in a new era of interior coatings, offering unmatched antiviral and antibacterial capabilities, substantiated by rigorous scientific evaluation, and validated by the EPA. The implications for the industry are profound, as the demand for hygienic and health-enhancing interior spaces continues to rise, marking a pivotal moment in the industry’s trajectory.
The painting and wall covering contractors market 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
Asia-Pacific was the largest region in the painting and wall covering contractors market in 2022.
The table of contents in TBRC’s painting and wall covering contractors market report includes:
1. Executive Summary
2. Painting And Wall Covering Contractors Market Characteristics
3. Painting And Wall Covering Contractors Market Trends And Strategies
4. Painting And Wall Covering Contractors Market – Macro Economic Scenario
5. Painting And Wall Covering Contractors Market Size And Growth
…
27. Painting And Wall Covering Contractors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Painting And Wall Covering Contractors Market
29. Painting And Wall Covering Contractors Market Future Outlook and Potential Analysis
30. Appendix
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