Market Forecast By Type (Wallpaper, Wood Wall Covering, Ceramic Wall Covering, Wall Panels, Others), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC8854488 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 15 | No. of Tables: 5 | |
Philippines Wall Covering Market Report thoroughly covers the market by type and end-user. Philippines Wall Covering Market Outlook report provides an unbiased and detailed analysis of the ongoing Philippines Wall Covering Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Philippines wall covering market has been experiencing growth in recent years due to rapid urbanization, expansion of the real estate sector, and increasing demand for aesthetic home and office interiors. Additionally, the residential and commercial construction projects which are completing in 2025 such as Masters Tower Cebu, Shang One Horizon and Pavilions has been expected to drive demand for wall coverings in the Philippines, as new residential and commercial spaces require interior finishes.
Further government programs, such as the “Build, Build, Build” infrastructure initiative and green building certifications such as the BERDE (Philippine Green Building Council) and LEED standards has further influenced the demand for eco-friendly wall coverings. Moreover, the growing preference for low-maintenance and high-performance materials in infrastructure projects such as the Mactan-Cebu International Airport expansion and MRT-reflects the demand for durable and visually appealing wall finishes. And boosting demand for wall coverings materials, including paints, wallpapers, and cladding. This period also saw increased foreign direct investments (FDI) from countries such as China and Japan, which stimulated the development of malls, hotels, and office spaces, all contributing to the higher consumption of wall coverings.
According to 6Wresearch, Philippines wall covering market size is projected to grow at a CAGR of 4.8% and 3.5% in terms of revenues and volume respectively during 2025-2031, supported by long-term urbanization trends and sustainability efforts. Also, the government’s AmBisyon Natin 2040 vision, which focuses on inclusive and sustainable development, would encourage the adoption of green building materials, including eco-friendly wall coverings. Additionally, the growing industrial sector would be assisting in the growth of the wall covering market in coming years. For instance, the delivery of almost 400 hectares of new industrial space in the CALABARZON area from 2025 to 2027, coupled with developments in Central Luzon, particularly in Pampanga, Tarlac, and Bataan would provide additional opportunities for wall covering manufacturers.
Furthermore, the growth in retail space has been expected to continue with an additional 160,000 sqm of space projected in 2025, creating a sustained demand for high-end wall coverings in both new and renovated stores. Also, the rise of smart homes and advanced technologies would influence the wall covering market, especially in luxury housing segments. With more than 4 million households in the Philippines expected to own smart home devices by 2026, demand for wall coverings that offer features such as soundproofing, energy efficiency, and integration with modern technology would increase. This trend would be pushing the development of innovative, tech-integrated wall finishes.
Tiles & cladding segment is expected to retain the largest revenue size in 2031, driven by ongoing infrastructure development, urbanization, and a growing preference for aesthetically appealing and durable building materials, and paints & coatings segment is expected to retain the largest volume size in 2031 due to their widespread use in new builds, renovations, and protective applications. However, specialty wall coverings segment is projected to be the fastest-growing segment in both revenue and volume terms during 2025-2031 due to rising demand for premium aesthetics, acoustic solutions, and eco-friendly materials in residential and commercial interiors. Increasing adoption in luxury projects and hotels is also boosting growth. Decorative concrete, as part of specialty wall coverings segment, is gaining traction for its modern appeal, durability, and customizability in design-centric applications.
Residential segment would continue to dominate the Philippines wall covering market in revenue share in 2031 and would have fastest growth during 2025-2031 due to rapid urbanization and a rising number of housing developments driven by population growth. Government initiatives promoting affordable housing and vertical living projects “National Housing Authority’s BALAI Program” which ensures stable and high-value demand across urban and semi-urban regions, further support demand. Increasing disposable income and evolving lifestyle preferences are encouraging homeowners to invest in aesthetic and functional interior solutions. The trend of home renovation and DIY improvements is also fueling the segment. Additionally, the shift toward sustainable and stylish wall coverings aligns well with modern residential preferences, driving growth.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Philippines Wall Covering Market Overview |
3.1. Philippines Wall Covering Market Revenues and Volume, 2021-2031F |
3.2. Philippines Wall Covering Market – Industry Life Cycle |
3.3. Philippines Wall Covering Market – Porter’s Five Forces |
4. Philippines Wall Covering Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Philippines Wall Covering Market Trends |
6. Philippines Wall Covering Market Overview, By Type |
6.1. Philippines Wall Covering Market Revenue Share and Volume Share, By Type, 2024 & 2031F |
6.2. Philippines Wall Covering Market Revenues and Volume, By Type, 2021- 2031F |
6.2.1 Philippines Wall Covering Market Revenues and Volume, By Paints & Coatings, 2021- 2031F |
6.2.2 Philippines Wall Covering Market Revenues and Volume, By Wallpapers & Wall Panels, 2021- 2031F |
6.2.3 Philippines Wall Covering Market Revenues and Volume, By Tiles & Cladding, 2021- 2031F |
6.2.4 Philippines Wall Covering Market Revenues and Volume, By Laminates & WPC (Wood-Plastic Composites), 2021- 2031F |
6.2.5 Philippines Wall Covering Market Revenues and Volume, By Specialty Wall Coverings, 2021- 2031F |
7. Philippines Wall Covering Market Overview, By End-User |
7.1 Philippines Wall Covering Market Revenue Share, By End-User, 2024 & 2031F |
7.1.1 Philippines Wall Covering Market Revenues, By Residential, 2021- 2031F |
7.1.2 Philippines Wall Covering Market Revenues, By Commercial, 2021- 2031F |
7.1.3 Philippines Wall Covering Market Revenues, By Others, 2021- 2031F |
8. Philippines Wall Covering Market Key Performance Indicators |
9. Philippines Wall Covering Market Opportunity Assessment |
9.1 Philippines Wall Covering Market Opportunity Assessment, By Type, 2031F |
9.2 Philippines Wall Covering Market Opportunity Assessment, By End-User, 2031F |
10. Philippines Wall Covering Market Competitive Landscape |
10.1 Philippines Wall Covering Market Revenue Ranking, By Top 3 Companies, CY2024 |
10.2 Philippines Wall Covering Market Key Companies Competitive Benchmarking, By Operating Parameters |
10.3 Philippines Wall Covering Market Key Companies Competitive Benchmarking, By Technical Parameters |
11. Company Profiles |
11.1 Mariwasa Siam Ceramics Inc. |
11.2 Saint-Gobain Philippines |
11.3 Asian Coatings Phils., Inc. |
11.4 Guangzhou Hengde Green Material Co., Ltd. (MATECO) |
11.5 Len-Tex Corporation |
11.6 Arte International |
11.7 Benjamin Moore Philippines |
11.8 Grandeco Wallfashion Group Belgium NV |
11.9 J. Josephson, Inc. |
11.10 Marazzi Group S.r.l. |
11.11 Wallquest Inc. |
11.12 Machuca Tile, Inc. |
12. Key Strategic Recommendations |
13. Disclaimer |
List of Figures |
1. Philippines Wall Covering Market Revenues and Volume, 2021-2031F ($ Million, Million SQM) |
2. Total Metro Manila Offices Supply Per Submarket in Philippines, 2024 & 2028F (in 1000 Units) |
3. Philippines Office Spaces Under Green-certified Buildings, 2024-2029F |
4. Philippines Number of Infrastructure Flagship Projects, By Sectors, As of Jan 2025 |
5. Philippines Public Spending on Infrastructure, 2024-2028F (in Billion) |
6. Philippines Wall Covering Market Revenue Share, By Type, 2024 & 2031F |
7. Philippines Wall Covering Market Volume Share, By Type, 2024 & 2031F |
8. Philippines Wall Covering Market Revenue Share, By End-User, 2024 & 2031F |
9. Philippines Metro Manila Condominium Residential Stock, 2022- 2026F (in 1000) |
10. Philippines Residential Approved Building Permits, October Oct 2023 & Oct 24 |
11. Philippines Metro Manila’s Total Number of Condominium Units, 2022-2025E (in 1000) |
12. Philippines Wall Covering Market Opportunity Assessment, By Type-Revenue Outlook, 2031F |
13. Philippines Wall Covering Market Opportunity Assessment, By Type-Volume Outlook, 2031F |
14. Philippines Wall Covering Market Opportunity Assessment, By End-User, 2031F |
15. Philippines Wall Covering Market Revenue Ranking, By Companies, CY2024 |
List of Table |
1. Philippines Upcoming Branded Hotel Projects |
2. Philippines Major Ongoing Commercial Infrastructure Projects, 2025E-2026F |
3. Philippines Wall Covering Market Revenues, By Type, 2021-2031F ($ Million) |
4. Philippines Wall Covering Market Volume, By Type, 2021-2031F (Units) |
5. Philippines Wall Covering Market Revenues, By End-User, 2021-2031F ($ Million) |