Edge Banding Materials Market Trends and Future Pathways Report 2024 - 2031 | Liaoning Lituo Decoration Materials Co.

Market Overview:

The global edge banding materials market is estimated to be valued at USD 1.42 Bn in 2024 and is expected to reach USD 2.69 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

Market Dynamics:

The edge banding materials market is driven by increasing construction activities globally. Rapid urbanization and rising disposable incomes are fueling residential and commercial construction projects. According to the Global Construction 2030 report, the global construction output is expected to grow by 85% to $15.5 trillion worldwide by 2030. Furthermore, rebuilding and retrofitting of existing infrastructure will account for around 60% of this growth. In addition, rapid growth of the woodworking industry is also contributing to the increasing demand for edge banding materials which are used for furniture, cabinets, and other wooden products manufacturing. The growing popularity of home décor and interior designing is augmenting the sales of wooden furniture which in turn is driving the edge banding materials market size.

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Edge Banding Materials Market Drivers: Increased Utilization of Wood And Wood based Materials in Residential and Commercial Construction

With growing population and urbanization, residential and commercial construction activities have been on the rise globally. Wood and wood-based materials are the most preferred choices for interior and exterior applications in buildings and infrastructure due to their properties such as aesthetic appeal, strength, durability and cost-effectiveness. Edge banding materials play a vital role in maintaining the structural integrity and enhancing the aesthetics of wooden edges, joints, trims and other features. Thus, the steady growth of the construction industry has fueled the demand for wood-based materials including edge banding over the years.

Edge Banding Materials Market Opportunity: Development of Bio-Based and Recyclable Products

With rising awareness about sustainability, manufacturers are focusing on developing edge banding materials from renewable, recyclable and bio-based sources. Some companies offer products manufactured using recycled wood fibers, agricultural waste fibers and bio-plastics derived from natural components like vegetable oils, corn and sugarcane. Such eco-friendly alternatives provide an attractive growth opportunity as they align well with the green building concept. Going forward, advances in green chemistry could further expand the range of sustainable edge banding materials catering to the evolving needs of environmentally-conscious consumers and industries.

Edge Banding Materials Market Trends: Increased Automation and Industry 4.0 Implementation

Edge banding material manufacturers are swiftly automating their production lines and optimizing processes through Industry 4.0 technologies including Internet of Things (IoT), robotics, artificial intelligence, 3D printing, big data analytics and more. Automated manufacturing helps achieve substantial gains in efficiency, reduce costs, improve quality control and meet complex client requirements through flexible production. Edge banders equipped with integrated digital controls or robotic arms for precision processing are becoming more prevalent. Data collected from connected machines also aids in predictive maintenance and material scheduling. The revolution of Industry 4.0 implementation is a major trend driving technological transformations in the edge banding materials industry.

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Top Companies Featured in This Report:

• Liaoning Lituo Decoration Materials Co., Ltd.,
• PRI Edgebanding
• Maxave
• Shanghai Fujuan Group Co., Ltd.,
• Mobelkant
• Edgebanding Services Inc. (ESI)
• Hangzhou Yodean Import and Export Co., Ltd.,
• Hangzhou Dawei Decorative Material Co., Ltd.,
• Charter Industries
• E3 GROUP
• REHAU
• Bhagyalaxmi Polymer Industries
• Portakal
• Richies
• Huali
• Pegasus
• Asis Plywood Pvt. Ltd.
• Shirdi Industries
• Mivaan Enterprises
• Pyramid Impex International

Market Segmentation:

By Product Type:

• By Material Type: PVC (Polyvinyl Chloride), ABS (Acrylonitrile Butadiene Styrene), Melamine, Wood Veneer, and Others

By Applications:

• By Application: Furniture, Cabinetry, Flooring, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Report Highlights:

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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