Edge Banding Materials Market, By Material Type (PVC (Polyvinyl Chloride), ABS (Acrylonitrile Butadiene Styrene), Melamine, Wood Veneer, and Others), By Application (Furniture, Cabinetry, Flooring, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI7333

Pages :131

Formats :

Excel and PDF

Industry : Advanced Materials

Market Concentration and Competitive Landscape

Edge Banding Materials Market Concentration By players

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Growing Furniture Industry

The global furniture industry has undergone rapid transformation in recent decades marked by rising disposable incomes, changing lifestyles, and growing affordability of quality furniture items. Many nations are emerging as major export hubs for all kinds of furniture catering to both business and residential segments. There is a constant influx of new design trends, materials and technology that has made furniture an important part of home décor and office interior projects. Meanwhile factors such as nuclear families, dual income households, and desire for frequent remodeling are fueling strong furniture sales worldwide.

Furniture manufacturing companies heavily rely on edge banded wood panels and boards in their product construction. Whether it is kitchen cabinets, wardrobes, sofa sets, beds, office tables, or shelves – most will have edges finished and protected by plastic or wood edge banding strips. This applies across all varieties of furniture from budget to premium segments. Increased furniture exports and booming retail sectors in developing economies have led to higher uptake of edge banding among manufacturers. Even eco-friendly furniture is incorporating edge banding made from sustainable materials like bamboo to appeal to conscientious buyers. Rising living standards continue to promote furniture as a significant application area driving consumption of edge banding worldwide.

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