New York 10013, United States of America – March 23, 2022 —
Edge Banding Materials Market Overview
The Edge Banding Materials Market Value is expected to reach USD 1,754.19 Million by the end of the forecast period, by registering a CAGR of 9.6%. Edge banding, a thin material, is used to seal the plywood’s exposed and raw edges. Edge banding, in other words, is a method of covering the exposed edges of wood panels with thin strips of PVC, wood, or resin. The banding method employs industrial-grade heat applicators and hot-melt glue. It is used in furniture and construction to provide the illusion of a more premium material by covering the exposed sides of materials like particleboard or MDF, as well as plywood. It can also be used to replace items such as face frames and molding.
Construction projects in impoverished areas around the world were unexpectedly suspended due to the global spread of the covid 19 pandemic. Furthermore, labor shortages, economic uncertainty, and supply chain challenges have impacted market demand, resulting in a slow growth rate of the global edge banding materials market in 2020. As shutdown limitations in many nations are gradually lifted, the market is expected to show signs of resurgence.
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Key Players
The major market players in the market are
- 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
Edge Banding Materials Market Segmentation
Based on the type, the market is segmented into plastics, wood, and others. PVC, ABS, Acrylic, and other types of plastic make up the plastic segment.
Based on the end-user types, the market is segmented into residential, commercial, and others.
Based on the regional classification, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Regional Classification
The growth of the market in the North American industry is being pushed by the expansion of residential and commercial construction activities as a result north America holds the highest share of the market during the forecast period. The European Union is expected to grow at the fastest rate. During the forecast period, two factors will drive the region’s edge banding materials market growth: infrastructure development and the rise of the construction industry.
The Asia-Pacific region had the largest market share, with over 35%, and is likely to maintain its dominance over the projection period. This is mostly due to strong demand for the product in the furniture and construction industries. Due to the constantly increasing commercial industry, educational facilities, and other factors, the market for edge banding materials in Latin America is expected to grow. The Middle East and Africa region have invested in its infrastructure sector over time. Furthermore, the expansion of many construction projects in this area is expected to boost the edge banding material business.
Recent Development
December 2021 – Egger Wood Products will be investing around USD 20 million for the addition of a thermally fused laminate manufacturing line at its lone U.S. production facility. This expansion will be part of the Phase I work completion at the site. Egger is a renowned Austrian developer of wood-based materials, and offers a wide range of value-added products including edge banding, thermally fused laminate (TFL), Medium Density Fiberboard (MDF), raw particleboard, laminate flooring, and MDF Mouldings.
July 2021 – Holz-Her has introduced the latest Sprint 1329 multi-edgebander that has a host of intelligent technology as well as play-free advanced mechanical systems that facilitate simple and fast set-up of flexible machining as well as complete repetition accuracy.
The edge banding technology provides a variable feed rate at around 10-18m/min and features an integrated multi-function milling technology such as several stage tools that facilitate Sprint to machine numerous radii or applications with a 45° bevel with just a touch, an innovative feature that was first developed for Holz-Her’s double-shift, industrial machines.
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Table of Content
Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Edge Banding Materials Market, ByType
1.1.2. Global Edge Banding Materials Market, By End-Use Industry
1.1.3. Global Edge Banding Materials Market, By Region
Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions& Limitations
Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Trends
Market Factor Analysis
5.1. Supply Chain Analysis
5.1.1. Raw Material Suppliers
5.1.2. Edge Banding MaterialsManufacturers
5.1.3. Distribution & Sales Channel
5.1.4. EndUsers
5.2. Porter’s Five Forces Model
5.2.1. Bargaining Power Of Suppliers
5.2.2. Bargaining Power Of Buyers
5.2.3. Threat Of New Entrants
5.2.4. Threat Of Substitutes
5.2.5. Intensity Of Rivalry
5.3. Pricing Analysis(USD/Tons), By Region
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