Major Producers of Building Materials!

China is one of the major producers of building materials and ranks first in the production of ceramic tiles on a global level with Shanghai as one of the largest commercial centers for production of building materials. The country represents huge demand for wall covering products such as mosaic tiles, concrete blocks for outer wall material, roof tiles, coatings, paints, and the like. With huge untapped potential, India is an enticing market for wall covering manufacturers. India’s entry into the WTO has opened up the wallpaper market to foreign manufacturers. Demand for ceramic wall tiles is expected to show high growth in the region. Latin America displays a positive note with booming markets such as Brazil and Chile boding bright prospects for architectural coatings.

Europe and Asia-​​Pacific constitute two of the largest regional markets, as stated by the new market research report on Wall Coverings. In terms of most promising growth potential, Asia-​​Pacific, backed by China, India, Indonesia, Thailand and others is the clear winner, and forecast to expand at aCAGR of more than 3.0% through 2015.

The Interior Paints segment continues to hold sway as the single largest market. However, with changing consumer preferences, Wallpaper is forecast to make a comeback after years of suspended activity and profits, and register the fastest CAGR for the period 2007–2015. Hith­erto untapped regions such as Asia-​​Pacific, Latin Amer­ica and Mid­dle East, which have tra­di­tion­ally been strong mar­kets for inte­rior paints, dis­play huge poten­tial for future growth and expan­sion of wall­pa­pers segment.

For more details about this com­pre­hen­sive mar­ket research report, please visit –

http://www.strategyr.com/