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

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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 | No. of Pages: 101 | Category: Chemicals and Materials | Status: Published

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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Strategic Insights

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
  • 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
  • Progressive industry trends in the US edge banding materials market to help players develop effective long-term strategies
  • Business growth strategies adopted by 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 edge banding materials compounds in the US scenario.
  • Market trends and outlook coupled with factors driving and restraining the growth of the US edge banding materials market.
  • Decision-making process by understanding strategies that underpin commercial interest concerning the US edge banding materials market growth
  • 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 dynamics in the industry
  • The US edge banding materials market size in different regions with promising growth opportunities
TIPRE00029773
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