Edge Banding Materials Market to Hit USD 2.27 Bn by 2030, Growing at 9.4% CAGR

𝐄𝐝𝐠𝐞 𝐁𝐚𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The global edge banding materials market is experiencing substantial expansion, driven by the booming construction and furniture industries. Valued at USD 1.21 billion in 2023, the market is projected to reach USD 2.27 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.4% during the forecast period.

𝐄𝐝𝐠𝐞 𝐁𝐚𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Edge banding materials are essential in providing a finished look to furniture and cabinetry by covering exposed edges of materials like plywood and particleboard. The increasing demand for aesthetically pleasing and durable furniture, coupled with advancements in adhesive technologies, is propelling market growth. However, challenges such as fluctuating raw material prices and varying regional adoption rates may hinder progress.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/request-sample/92550/

𝐄𝐝𝐠𝐞 𝐁𝐚𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎:

Vietnam's furniture manufacturing sector is expanding rapidly, creating a fertile ground for the edge banding materials market. The country's participation in international trade agreements has attracted foreign investments, leading to technological advancements and increased production capacities. This growth presents significant opportunities for suppliers of edge banding materials to cater to both domestic and international markets.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅:

Thailand's focus on sustainable development has influenced its furniture industry to adopt eco-friendly practices. Manufacturers are increasingly using environmentally friendly edge banding materials, such as wood veneers and recyclable plastics, aligning with global sustainability trends. This shift not only meets international standards but also appeals to environmentally conscious consumers.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏:

Japan's advanced technology sector has facilitated the development of high-precision edge banding machinery, enhancing the quality and efficiency of furniture production. The integration of automation and robotics in manufacturing processes has increased the demand for specialized edge banding materials that can withstand high-speed applications, contributing to market growth.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂:

South Korea's edge banding materials market is witnessing consolidation, with major players engaging in mergers and acquisitions to strengthen their market position. For instance, leading companies have formed strategic alliances to expand their product portfolios and distribution networks, enhancing their competitiveness in both domestic and international markets.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑼𝒑𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆:

Singapore's commitment to innovation has led to the adoption of advanced edge banding technologies, such as laser edge banding, which offers seamless finishes and increased durability. The country's emphasis on high-quality infrastructure and interior design has driven demand for premium edge banding materials, encouraging manufacturers to update their product offerings to meet these standards.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑬𝒙𝒑𝒂𝒏𝒔𝒊𝒐𝒏 𝒊𝒏 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔:

The United States furniture industry is experiencing a resurgence, with increasing consumer preference for customized and ready-to-assemble furniture. This trend has expanded the edge banding materials market, as manufacturers seek versatile and aesthetically appealing options to meet diverse consumer demands. Additionally, the emphasis on sustainable materials has led to the incorporation of eco-friendly edge banding solutions.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒊𝒏 𝑪𝒉𝒊𝒏𝒂:

China's position as a global manufacturing hub has facilitated the development of a vast edge banding materials market. The country's large-scale production capabilities and access to raw materials have enabled manufacturers to offer cost-effective solutions. Moreover, the increasing focus on quality and environmental standards has prompted the adoption of advanced manufacturing processes and high-quality materials.

𝑬𝒅𝒈𝒆 𝑩𝒂𝒏𝒅𝒊𝒏𝒈 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆:

Europe's stringent environmental regulations have influenced the edge banding materials market to prioritize sustainability. Manufacturers are investing in research and development to create recyclable and low-emission materials, aligning with the European Union's environmental policies. This trend not only ensures compliance but also caters to the growing consumer demand for eco-friendly products.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/92550/

𝐊𝐞𝐲 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In 2023, 𝐈𝐧𝐭𝐞𝐫 𝐈𝐊𝐄𝐀 𝐆𝐫𝐨𝐮𝐩launched three new collections-Vivid Wonderland, Glorious Green, and Simple Serenity-as part of its transitional range, aiming to promote sustainable purchasing habits among households.

In 2022, 𝐄𝐠𝐠𝐞𝐫 𝐖𝐨𝐨𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬, a leading Austrian developer of wood-based materials, invested USD 20 million to add a thermally fused laminate manufacturing line to its U.S. facility, enhancing its product offerings in North America.

𝐄𝐝𝐠𝐞 𝐁𝐚𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝙗𝙮 𝙈𝙖𝙩𝙚𝙧𝙞𝙖𝙡𝙨

• Plastic [PVC, ABS, Acrylic, and others]
• Wood
• Metal
• Others

𝙗𝙮 𝙀𝙣𝙙 𝙐𝙨𝙚𝙧

• Residential
• Commercial
• Others

In terms of materials, the global edge banding market was led by the plastic material segment in 2023 and is anticipated to remain so during the forecast period. A variety of resins, including PVC, ABS, acrylic, and others, are included in the plastic material sector. When compared to wood edge bands, PVC is the most widely used resin because it is easy to use on curved surfaces, offers a variety of colour schemes, can be customised, and is impermeable. Additionally, PVC edge bands' greater durability is another element that is probably going to boost sales during the evaluation phase. Due to its increasing use in residential construction projects, the wood material segment is anticipated to increase significantly over the course of the projection period.

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬? 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐤𝐞𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/92550/

𝐄𝐝𝐠𝐞 𝐁𝐚𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞:

Vaibhav Industries
Veena Polymers
Squareone Décor
Paramount Composites India
E3 Group
Gdecor Industries India Private Limited
REHAU India
Shirdi Industries Ltd.
Sri Umiya Industries
MARUTI ENTERPRISE
Altendorf Group
CAMKO UK LIMITED
David Clouting
Dollken
E3 Group
EdgeCo Incorporated.
ESI
GDECOR INDUSTRIES PVT LTD
REHAU
Ultra Tech - Advanced Edge Banding

𝐋𝐨𝐨𝐤 𝐚𝐭 𝐓𝐨𝐝𝐚𝐲'𝐬 𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐬:

Global Photo-Engraving Material Market https://www.maximizemarketresearch.com/market-report/global-photo-engraving-material-market/104480/

Anti Foaming Agent Market https://www.maximizemarketresearch.com/market-report/anti-foaming-agent-market/148780/

Nepheline Market https://www.maximizemarketresearch.com/market-report/nepheline-market/187688/

Polyvinylidene Fluoride (PVDF) Market https://www.maximizemarketresearch.com/market-report/polyvinylidene-fluoride-pvdf-market/40002/

Cured-In-Place Pipe Consumption Market https://www.maximizemarketresearch.com/market-report/cured-in-place-pipe-consumption-market/194745/

Tile Adhesives and Stone Adhesives Market https://www.maximizemarketresearch.com/market-report/tile-adhesives-and-stone-adhesives-market/158274/

Liquid Vitamins Market https://www.maximizemarketresearch.com/market-report/global-liquid-vitamins-market/110856/

Global Adhesives and Sealant Additives Market https://www.maximizemarketresearch.com/market-report/global-adhesives-and-sealant-additives-market/108195/

Global Water-Based Enamel Market https://www.maximizemarketresearch.com/market-report/global-water-based-enamel-market/116497/

Global Zircon Sand Market https://www.maximizemarketresearch.com/market-report/global-zircon-sand-market/89123/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.