Edging market analysis and industry analysis by type (plastic, wood), end use (residential, commercial) and region, competitive market size, share, trends and forecast to 2030.
According to the comprehensive Market Research Future (MRFR) “Edging Market Information by Type, End User and Region – Forecast to 2030″, the market is forecast to grow at a CAGR of 9.6% to reach 1,754.19 million US dollars by 2030
Thin material edge banding seals open and unfinished plywood edges. In other words, edge banding is a method of covering the exposed edge of a board with thin strips of PVC, wood, or plastic material. The bonding process uses industrial-grade hot melt adhesive and hot-melt applicators. It is used to cover the exposed surfaces of materials such as chipboard, MDF and plywood in furniture and construction to give the illusion of a higher quality material. It can also be used in place of things like face sculpting and framing.
One of the main factors behind the growth of the edging market is the growing demand for edging materials from various end users, especially in residential and commercial segments. The market demand for this product is strong due to the growing demand for user-friendly and environmentally friendly edging materials. The overall edging market is expected to expand significantly during the forecast period due to its wide application and growth in the global construction industry. These edging materials have an advantage over putty and painted edging because they are stronger and more durable.
Another important factor driving the global market is the rapid expansion of the residential sector in emerging economies, which is increasing the demand for edging materials.
The main driver is the expansion of the construction industry, especially in developing regions such as the Asia-Pacific region, where the edging market has grown significantly. The market is expanding rapidly due to the growing demand for housing, the growing demand for furniture and the growing demand for user-friendly and environmentally friendly edging materials.
The demand for edging materials is growing due to the rapid expansion of the residential sector, especially in developing countries.
They not only look unsightly and create scratches and dents, but also allow moisture to penetrate inside. This leads to rotting and sintering of the wood, which is a major problem for key markets.
The growing demand for environmentally friendly and user-friendly edging materials is expected to have a direct impact on the growth of the edging market during the reporting year.
Growth in construction projects and advances in interior design are expected to open up new opportunities in the edging market during the evaluation period.
Recyclability, environmental concerns, various laws and regulations, raw material price fluctuations and other factors are expected to adversely affect the edging market. Sharp edges can seriously damage furniture if left unattended.
View the Edge Banding Materials Market Research Report (180 pages) https://www.marketresearchfuture.com/reports/edge-banding-materials-market-10525
Construction projects in the underdeveloped countries of the world were suddenly put on hold due to the outbreak of the COVID-19 pandemic. Moreover, the slow development of the global edging market in 2020 can be attributed to the delay in the completion of numerous projects due to labor shortages, unstable economic conditions and supply chain difficulties. Markets are expected to start showing signs of recovery as countries gradually lift lockdown restrictions.
Type, end user industry and region are the segments used to divide the global edging market. According to the type, the global market is further divided into plastic, wood and others.
The global edging market is divided into residential, commercial and other segments depending on the end user.
North America, Europe, Asia Pacific, Latin America, the Middle East and Africa make up the different segments of the global market. Growth in residential and commercial construction is driving market growth in North America, and North America will account for the largest market share in the region during the forecast period. The European region is expected to grow at the fastest pace.
The growth of the edging materials market in the region will be driven by two factors: the expansion of the construction industry and the development of infrastructure.
In 2019, Asia-Pacific accounted for the largest market share at over 35% and is expected to continue to dominate during the forecast period. This is mainly due to the high demand for this product in the construction and furniture industries. Sales of edging materials in Latin America are expected to grow due to the expansion of the business sector in the region, the presence of educational institutions and other factors. The Middle East and Africa region has invested in its infrastructure over time. The edging industry in the region is also expected to grow with the expansion of several construction projects in the region.
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Post time: Feb-14-2023