The Edge Banding Materials Market: was valued US$ 853 Mn. in 2020 and is expected to grow US$ 1573 Mn. by 2027, at a CAGR of 9.14% during the forecast period.
Edge Banding Materials Market Insight:
This MMR analysis examines all aspects of the edge banding materials market, including trends, drivers, and potential barriers. Asia Pacific, North America, Europe, the Middle East, Africa, and South America are the five regions covered. The Edge Banding Materials Market is segmented into several geographic categories. The top market players in the data centre sector are profiled in this MMR study, along with their main growth plans.
Years considered for this MMR report:
Historical Years: 2017-2021
Estimated Year: 2027
Base Year: 2021
Forecast Period: 2022–2027
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The MMR conducted considerable primary and secondary research for this study. MMR started by compiling a list of producers from all over the world. MMR then conducted primary research with the companies that had been chosen. During the interview, respondents were also asked about their competition. MMR could utilize this technique to locate previously unknown producers due to the limitations of secondary research. All of the major manufacturers' products, distribution routes, and global reach were evaluated by MMR.
Edge Banding Materials Market Trends:
The MMR analysis evaluates all of the trends and technologies that will have a significant impact on the Edge Banding Materials industry's growth over the projection period. It highlights the key drivers, restraints, and opportunities that will effect market growth between 2022 and 2027.
Segmentation:
By Materials, a plastic material segment dominated the global edge banding market in 2021 and is expected to keep its dominance over the forecast period. The plastic material segment contains various resins such as PVC, ABS, Acrylic, and others. Among all of these resins, PVC is the most popular choice of material due to the choice of different color schemes, customization, impermeability, and ease of use on curved surfaces in comparison with wood edge bands. Furthermore, the higher durability of PVC edge bands is another factor that is likely to augment sales over the course of the assessment period. The wood material segment is expected to expand at a significant pace during the forecast period owing to growing adoption in residential construction projects.
By geography, the global edge banding market is segmented into North America, APAC, Europe, MEA& Africa, and Latin America. APAC dominated the global edge banding market in 2021 and is expected to keep its dominance over the forecast period owing rapidly expanding construction industry in China, India, Japan, and ASEAN countries. The edge banding market in India is expected to grow at a CAGR of 11.23% during the forecast period owing to the rapid expansion of residential and construction sectors in India. In addition, factors such as economical production and less manufacturing costs, cheap labor in India are likely to attract market players from other regions.
Key players :
Key players use a variety of strategies to gain competitive advantages, including new product launches, product enhancements, and collaborative collaborations. Major key players are:
• Paramount Composites India• E3 Group• Gdecor Industries India Private Limited• REHAU India• Shirdi Industries Ltd.• Sri Umiya Industries• MARUTI ENTERPRISE• Altendorf Group• CAMKO UK LIMITED• David Clouting• Dollken• E3 Group• EdgeCo Incorporated.• ESI• GDECOR INDUSTRIES PVT LTD• REHAU• Ultra-Tech - Advanced Edge Banding
Recent Developments:
Recent happenings in the Edge Banding Materials Market, as well as organic and inorganic expansion strategies, are included in the MMR reports. A number of businesses are prioritizing new product releases, as well as other organic growth strategies such as patents and events.
This report covers the following crucial features:
What will be the size of the Edge Banding Materials market in 2022, and what will be its annual growth rate from 2022 to 2027?
In Edge Banding Materials, what are the most important market trends?
What elements do you think will help the Edge Banding Materials market grow?
What are the predicted roadblocks to the Edge Banding Materials market's expansion?
North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, as well as their respective key countries, are also explored in the Edge Banding Materials market.
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