US Edge Banding Materials Market to Grow at a CAGR of 9.3% to reach US$ 297.0 Million from 2021 to 2028

US Edge Banding Materials Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Material [Plastic (PVC, ABS, Acrylic, and Others), Wood, Metal, and Others] and End Use (Residential and Commercial & Industrial)

Publication Month : Oct 2022

  • Report Code : TIPRE00029773
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 101
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The US edge banding materials market is expected to grow from US$ 163.4 million in 2021 to US$ 297.0 million by 2028; it is expected to grow at a CAGR of 9.3% from 2021 to 2028.

Edge banding is the process of covering the raw edges of medium-density fiberboard, plywood, block boards, or other materials with the help of edge banding tape. Edge banding creates durable and visually appealing trim edges during finish carpentry. Edge banding can be made of different materials, such as plastic, wood, metal, and others.

The rough edges of the plywood and other wood material can easily absorb atmospheric moisture, which can lead to the deterioration of the plywood. The edge banding helps prevent moisture from entering the plywood, thereby increasing its durability. The edge banding tapes generally have a smooth finish that provides an aesthetic appearance. 

Due to its excellent processing characteristics, plastic is most commonly used in manufacturing edge bands for the furniture industry. Plastic edge banding tapes are usually flame retardant and are recyclable. Moreover, plastic edge banding is popularly used in modular furniture as it is durable, easy to fix, and has an extremely long life. They offer high-impact resistance and are appropriate for straight and curved panel processing. They are used extensively across the furniture industry, including manufacturing kitchens, bathrooms, and shop fittings.      

The rapidly expanding construction industry across the US is boosting the consumption of edge banding materials. Residential and commercial constructions are developing in emerging economies. In the building & construction industry, edge banding is used in carpentry and furniture-making. Edge banding is utilized to cover the exposed sides of materials such as plywood and particle board, giving the appearance of a solid material. Edge banding can also be used instead of features such as face frames or molding. Thus, the growing use of edge banding in the building & construction industry is expected to propel the edge banding materials market growth during the forecast period.

The rising adoption of edge banding materials owing to the advent of cutting-edge industry-grade hot-melt adhesives with heat applicators is one of the major factors boosting the growth of the US edge banding materials market. The growth of the US housing industry, especially in developing countries consisting of builders, contractors, and other entities affiliated with the government, and the rise in demand for user-friendly and sustainable edge banding materials are fueling the market growth. The popularity of plastic is increasing owing to the choice of different color schemes, impermeability, customization, ease of usage on curved surfaces, and the better durability of plastic edge bands as compared to wood edge bands, which is further influencing the market growth.

Furthermore, the increase in demand for variations of plastic edge banding materials such as acrylic and acrylonitrile butadiene styrene, the rise in the number of construction projects, expansion of construction and housing sectors, rising disposable income of the middle-class population, and advancements in the interior design is expected to fuel the US edge banding materials market growth. Furthermore, product and innovative product diversification extend profitable opportunities to the US edge banding materials market players during the forecast period.

Market Insights

Growing Demand for Sustainable Material

Sustainability has become an important aspect of many industries. Many furniture manufacturers are influenced by consumer and business interest in green products, in line with the increased focus on sustainability. Furniture can be made with recycled materials or more sustainable and eco-friendly products to reduce the harmful impacts on the environment. Many furniture brands are offering sustainable product lines. Furthermore, various edge banding material manufacturers are also offering products made from eco-friendly materials. For example, BioPlastic Solutions, LLC, a US-based company involved in bioplastic engineering and manufacturing proprietary bio-based poly-resins and products, provides an eco-friendly PVC alternative BioEdge Edgebanding. It is made from BioBest, a patented, proprietary plastic material manufactured from corn and sugar cane processing. The product eliminates the use of oil and harmful chemicals. It is a complete bio-replacement for PVC and ABS edge banding. Hence, the growing trend of using eco-friendly products is expected to boost the demand for bio-based and eco-friendly edge banding materials during the forecast period.   

Moreover, changing consumer preferences, inclination toward a luxurious lifestyle, increasing income levels of consumers, and a growing number of commercial spaces are also boosting demand for wood-based edge banding materials. In modern furniture manufacturing, edge banding quality is one of the key criteria for evaluating the quality of the entire furniture item. Thus, furniture manufacturers use wood-based edge banding to get an aesthetic and natural finish. These factors are driving the growth of the US edge banding materials market.

Material Insights

Based on the material, the US edge banding materials market is segmented into plastic (PVC, ABS, acrylic, and others), wood, metal, and others. In 2021, the plastic segment dominated the US edge banding materials market.

US Edge Banding Materials Market Share, by Material, 2021 and 2028

US Edge Banding Materials Market Share, by Material, 2021 and 2028
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US Edge Banding Materials Market: Strategic Insights

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Product Resources, Inc.; EdgeCo Incorporated; Surteco USA Inc.; Charter Industries, LLC; JSO Wood Product; Product Resources, Inc.; Sauers & Company Veneers; EdgeCo Incorporated; Edgebanding Services, Inc. (ESI); and REHAU Incorporated are the key players operating in the US edge banding materials market. Leading players are adopting various strategies, such as mergers and acquisitions and product launches, expanding their geographic presence and consumer base.  

Report Spotlights

  • Progressive trends in the edge banding materials industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the US edge banding materials market from 2021 to 2028
  • Estimation of the demand for edge banding materials across various industries
  • Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for the edge banding materials
  • Market trends and outlook coupled with factors driving and restraining the growth of the US edge banding materials market
  • Understanding the strategies that underpin commercial interest with regard to the US edge banding materials market growth, aiding in the decision-making process
  • The US edge banding materials market size at various nodes of market
  • Detailed overview and segmentation of the US edge banding materials market as well as its industry dynamics

The "US Edge Banding Materials Market Forecast to 2028" is a specialized and in-depth study of the chemicals & material industry, focusing on the US edge banding materials market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The US edge banding materials market is bifurcated on the basis of material and end use. Based on material, the market is segmented into plastic (PVC, ABS, acrylic, and others), wood, metal, and others. Based on end use, the market is segmented into residential and commercial & industrial. 

Company Profiles

  • Product Resources, Inc.
  • EdgeCo Incorporated
  • Surteco USA Inc.
  • A Charter Industries, LLC.
  • JSO Wood Product
  • Product Resources, Inc.
  • Sauers & Company Veneers
  • EdgeCo Incorporated
  • Edgebanding Services, Inc. (ESI)
  • REHAU Incorporated
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 US Edge Banding Materials Market, by Material

1.3.2 US Edge Banding Materials Market, by End Use

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. US Edge Banding Materials Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.3 Expert Opinion

5. US Edge Banding Materials Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 High Aesthetics Appeal of Wood-Based Edge Banding

5.1.2 Increasing Demand from Residential Furniture Industry

5.2 Market Restraints

5.2.1 Adverse Effects of Plastic Products on Environment

5.3 Market Opportunities

5.3.1 Resurgence of Commercial, Institutional, and Industrial Sectors

5.4 Future Trends

5.4.1 Growing Interest in Eco-Friendly Products

5.5 Impact Analysis

6. Edge Banding Materials Market – US Market Analysis

6.1 US Edge Banding Materials Market Overview

6.2 US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

6.3 US Edge Banding Materials Market –Revenue and Forecast to 2028 (US$ Million)

7. US Edge Banding Materials Market Analysis – By Material

7.1 Overview

7.2 US Edge Banding Materials Market, By Material (2021 and 2028)

7.3 Plastic

7.3.1 Overview

7.3.2 Plastic: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3 Plastic: US Edge Banding Materials Market – Volume and Forecast to 2028 (Million Meters)

7.3.4 PVC

7.3.4.1 Overview

7.3.4.2 PVC: US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

7.3.4.3 PVC: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.5 ABS

7.3.5.1 Overview

7.3.5.2 ABS: US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

7.3.5.3 ABS: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.6 Acrylic

7.3.6.1 Overview

7.3.6.2 Acrylic: US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

7.3.6.3 Acrylic: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.7 Others

7.3.7.1 Overview

7.3.7.2 Others: US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

7.3.7.3 Others: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Wood

7.4.1 Overview

7.4.2 Wood: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Million)

7.4.3 Wood: US Edge Banding Materials Market – Volume and Forecast to 2028 (Million Meters)

7.5 Metal

7.5.1 Overview

7.5.2 Metal: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Million)

7.5.3 Metal: US Edge Banding Materials Market – Volume and Forecast to 2028 (Million Meters)

7.6 Others

7.6.1 Overview

7.6.2 Others: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Million)

7.6.3 Others: US Edge Banding Materials Market – Volume and Forecast to 2028 (Million Meters)

8. US Edge Banding Materials Market Analysis – By End Use

8.1 Overview

8.2 US Edge Banding Materials Market, By End Use (2021 and 2028)

8.3 Residential

8.3.1 Overview

8.3.2 Residential: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3 Residential: US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

8.4 Commercial and Industrial

8.4.1 Overview

8.4.2 Commercial and Industrial: US Edge Banding Materials Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3 Commercial and Industrial: US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

9. Appendix

9.1 About The Insight Partners

9.2 Glossary of Terms

LIST OF TABLES

Table 1. US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

Table 2. US Edge Banding Materials Market –Revenue and Forecast to 2028 (US$ Million)

Table 3. Glossary of Terms, US Edge Banding Materials Market

LIST OF FIGURES

Figure 1. US Edge Banding Materials Market Segmentation

Figure 2. US Edge Banding Materials Market Overview

Figure 3. US Edge Banding Materials Market, By Material

Figure 4. Porter's Five Forces Analysis

Figure 5. Expert Opinion

Figure 6. US Edge Banding Materials Market Impact Analysis of Drivers and Restraints

Figure 7. Geographic Overview of US Edge Banding Materials Market

Figure 8. US Edge Banding Materials Market –Volume and Forecast to 2028 (Million Meter)

Figure 9. US Edge Banding Materials Market –Revenue and Forecast to 2028 (US$ Million)

Figure 10. US Edge Banding Materials Market Revenue Share, By Material (2021 and 2028)

Figure 11. Plastic: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12. Plastic: US Edge Banding Materials Market – Volume and Forecast To 2028 (Million Meters)

Figure 13. PVC: US Edge Banding Materials Market –Volume and Forecast To 2028 (Million Meter)

Figure 14. PVC: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15. ABS: US Edge Banding Materials Market –Volume and Forecast To 2028 (Million Meter)

Figure 16. ABS: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17. Acrylic: US Edge Banding Materials Market –Volume and Forecast To 2028 (Million Meter)

Figure 18. Acrylic: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19. Others: US Edge Banding Materials Market –Volume and Forecast To 2028 (Million Meter)

Figure 20. Others: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21. Wood: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. Wood: US Edge Banding Materials Market – Volume and Forecast To 2028 (Million Meters)

Figure 23. Metal: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. Metal: US Edge Banding Materials Market – Volume and Forecast To 2028 (Million Meters)

Figure 25. Others: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Million)

Figure 26. Others: US Edge Banding Materials Market – Volume and Forecast To 2028 (Million Meters)

Figure 27. US Edge Banding Materials Market Revenue Share, By End Use (2021 and 2028)

Figure 28. Residential: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Million)

Figure 29. Residential: US Edge Banding Materials Market –Volume and Forecast To 2028 (Million Meter)

Figure 30. Commercial and Industrial: US Edge Banding Materials Market – Revenue and Forecast To 2028 (US$ Million)

Figure 31. Commercial and Industrial: US Edge Banding Materials Market –Volume and Forecast To 2028 (Million Meter)

  • Product Resources, Inc.
  • EdgeCo Incorporated
  • Surteco USA Inc.
  • A Charter Industries, LLC.
  • JSO Wood Product
  • Product Resources, Inc.
  • Sauers & Company Veneers
  • EdgeCo Incorporated
  • Edgebanding Services, Inc. (ESI)
  • REHAU Incorporated

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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