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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)
- Report Code : TIPRE00029773
- Pages : 101
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 a finish carpentry method. In this method, a short strip of material is used to make durable and aesthetic trim edges of furniture. Edge banding is made of different materials, such as plastic, metal, and wood. Edge band materials have gained momentum in the market over the last decade with increasing growth in the building & construction sector. It offers many benefits in furnishing and is predominantly used to prevent water absorption and humidity on wooden surfaces to protect them. It is also used to provide wood veneers with a smooth aesthetic finish as it conceals the rugged natural texture of solid wood. It is also used on non-wood surfaces to give the appearance of natural wood.
The US edge banding materials market growth is attributed to increased demand for furniture due to the rising housing & construction sector and the increased need for user-friendly and sustainable edge banding materials. The rapidly growing residential sector is also increasing the demand for edge banding materials. During the forecast period, the rising demand for sustainable and user-friendly edge banding materials is expected to influence the overall growth of the US edge banding materials market.
The residential construction sector is expanding despite ongoing supply chain challenges, including the shortage of building materials, rising prices, and expensive land. The US government is also focusing on providing affordable housing. As part of the BBB plan, the government allocated an investment of US$ 150 billion on affordable housing provisions for the construction and rehabilitation of over 1 million affordable homes across the country. This increased government investment is expected to increase the demand for residential furniture, which is expected to boost the US edge banding market growth.
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.
A few key players operating in the US edge banding materials market are 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. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers’ requirements.
The overall US edge banding materials market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, such as valuation experts, research analysts, and key opinion leaders—specializing in the US edge banding materials market.
TABLE OF CONTENTS
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)
• 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
The List of Companies – US Edge Banding Materials Market
• 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
Increasing Demand From Residential Furniture Industry Drives US Edge Banding Materials Market
According to our latest market study, titled “US Edge Banding Materials Market Forecast to 2028 – COVID-19 Impact and Analysis – by Material and End Use,” the 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. The report highlights key factors driving the US edge banding materials market and focuses on prominent players and their progress in the market.
Edge banding is the process of glueing strips or bands of different materials and thicknesses to cover the sides of raw wood or non-wood materials. It can be produced from different materials such as melamine, polyvinyl chloride, acrylonitrile butadiene styrene, or wood. Edge banding offers many benefits in furnishing and is predominantly used to prevent water absorption and humidity on wooden surfaces to protect them. It is also used to provide wood veneers with a smooth aesthetic finish as it conceals the rugged natural texture of solid wood.
Edge banding materials are widely used in residential furniture. Due to the increasing population and consumer disposable income, the demand for residential construction in furniture applications is growing. In addition, the increase in renovation activities to enhance the appearance of the residential buildings is expected to fuel the overall growth of the residential segment. Edge banding is used in residential furniture, store fixtures, millwork, and kitchen and bathroom cabinets to enhance their appearance.
Furthermore, edge bandings are used in high-traffic and commercial environments, such as massive office spaces, to provide greater resilience and impact resistance. Edge banding materials are extensively employed in furniture to increase its durability and lifespan.
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.
Impact of COVID-19 Pandemic on US Edge Banding Materials Market
The US edge banding materials market witnessed growth before the onset of the COVID-19 pandemic due to the increased usage of edge banding material in the construction of residential and commercial buildings. However, the pandemic adversely affected the chemicals & materials industry, resulting in the shutdown of construction activities and manufacturing facilities, challenges in procuring raw materials, and restrictions on logistic operations. The US recorded the highest number of confirmed COVID-19 cases in North America. The unprecedented rise in the number of COVID-19 cases across the country and the subsequent lockdown of numerous manufacturing facilities negatively influenced the growth of the US edge banding materials market. Further, the overall disruptions in manufacturing processes, research, and development activities restrained the market growth.
Moreover, the severely decreased construction activities reduced the demand for edge banding materials in the US. However, the market is reviving due to the government’s significant measures, such as vaccination drives. Growing demand for edge banding materials from the residential & non-residential construction sector is propelling the US edge banding materials market growth. Moreover, various players in the region are seeking more investment opportunities as businesses gain confidence in stabilizing economies and increasing demand, thereby providing the impetus for market growth.
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.
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