Report : Europe Edge Banding Materials Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material [Plastic (PVC, ABS, Acrylic, and Other Plastics), Wood, Metals, and Others] and Application (Residential and Commercial & Industrial)
At 9.5% CAGR, the Europe Edge Banding Materials Market is speculated to be worth US$ 843.24 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe edge banding materials market was valued at US$ 489.03 million in 2022 and is expected to reach US$ 843.24 million by 2028, registering a CAGR of 9.5% from 2022 to 2028. Rising consumer concerns about synthetic ingredients and increasing consumer proclivity towards clean label products are the critical factors attributed to the market expansion.
Edge banding is a thin material used to seal the exposed and raw edges of the plywood, which serves both functional and aesthetic purposes. Wood has been a popular material used for edge banding, as it is generally easy to work with. Edge banding covers up unsightly, rough edges and creates a glossy and natural finish to match the sides of a structure with its top. Manufacturers are providing various high-quality wood-based edge banding products with superior visual appeal. The popularity of wood-based edge banding is increasing due to its aesthetic and natural finish. Moreover, changing consumer preferences, inclination toward a luxurious lifestyle, increasing income levels of consumers and increasing commercial spaces are also boosting the growth of the wood-based edge banding materials market. 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 Europe edge banding materials market.
On the contrary, higher cost of natural ingredients hampers Europe edge banding materials market.
Based on material, the market is segmented into plastic, wood, metals, and others. By plastic material, the market sub segmented into PVC, ABS, acrylic, and other plastics. The plastics segment held 29.5% market share in 2022, amassing US$ 144.42 million. It is projected to garner US$ 246.72 million by 2028 to expand at 9.3% CAGR during 2022–2028.
Based on application, the market is segmented into residential and commercial & industrial. The residential segment held 60.21% market share in 2022, amassing US$ 294.43 million. It is projected to garner US$ 502.35 million by 2028 to expand at 9.3% CAGR during 2022–2028.
Based on country, the Europe edge banding materials market has been categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 21.06% market share in 2022. It was assessed at US$ 656.94 million in 2022 and is likely to hit US$ 1145.39 million by 2028, exhibiting a CAGR of 9.7% during the forecast period.
Key players dominating the Europe edge banding materials market are Product Resources, Inc.; SURTECO GmbH; Aero-Plastics Inc.; Lignadecor Uretim Ve Pazarlama AS; and REHAU Inc.
- In,2022; A German Brand REHAU, Inc. launched an exclusive range of Zero Joint Edge Band.
- In,2018; Charter Industries Extrusions, LLC. acquired by Pittsburgh PE firm.
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