Market overview
The edge banding materials market is expected to register a CAGR of 9.6% until 2027. It should be worth USD 1,754.19 million by 2027.
Edge banding is thin. It’s the by-products of wood and it’s used to seal the raw and often jagged edges of the plywood to make it easier and safer to use. Edge banding can also consist of PVC, wood, or resin. When edge banding is secured in place with heating devices and hot industrial-strength glue.
Companies in the construction industry and furniture manufacturers use edge banding extensively and intensively in their daily operations. It is especially valuable for protecting the general public by sealing the rough edges of plywood, MDF, and particleboard. Edge banding can also be used as molding and face-framing. Edge banding materials give a perfect finish to the furniture and make it look so premium, elegant, and classy.
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Segment overview
Segmentation of this market By type
This segment consists of the following sub-segments:
- Plastics
- Wood
- Others
The plastics sub-segment is further broken down into PVC, ABS, Acrylic, and others.
Segmentation of this market By end-user industry
This segment can be grouped into:
- Residential
- Commercial
- Others
Regional analysis
The global edge banding materials market can be grouped into these five regions:
- North America
- The European Union
- Asia-Pacific
- Latin America
- The Middle East and Africa
The North American region is expected to have the largest market share for the time period that this report covers. The North American region also registers a high CAGR and this is expected to continue for the time period that this report covers.
The European Union should register the highest CAGR for the time period that this report covers. The reason is increased development in new and existing infrastructure projects and more growth in the residential and commercial construction sectors.
The Asia-Pacific region held 35% of the global market share in 2019. This was the highest market share of any region in the world at the time. The reason for this is the rapidly growing middle classes in most Asian nations. It leads to an increased demand for furniture and residential units.
Latin America is seeing a dramatic increase in activity and investment in industry and education. This is expected to drive rapid growth in the region for the time period that this report covers. The Middle East and Africa are experiencing respectable economic growth. This is leading to an increase in building and infrastructure projects. This is expected to be the major driver of growth for the time period that this report covers.
Major Key Players In The Edge Banding Materials Market:
- Blažič robni trakovi
- Coşkunuzer Mobilya Ltd. St
- Aero Plastics Inc.
- EONCRED GROUP
- Dongguancity Hexing Decorative Material Co., Ltd
- Unipegasus Profiles Pvt. Ltd
- Doellken-Woodtape, Inc.
- Veena Polymers
- Squareone Décor
- Moderne Kunststoff-Technik
- E3 Group
- Gdecor Industries India Private Limited
- REHAU India
Industry news
The edge banding materials market is fairly competitive because it’s lucrative, has a high CAGR, and has few barriers to entry. Companies are finding that they must invest heavily in research and development if they want to remain financially viable. They also have to merge with and acquire other successful companies or enter into strategic partnerships with other successful companies.
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