Global Thermoplastic Edge Band Market Growing at a CAGR of 2.8% By 2030
Category : Materials And Chemicals | Published Date : Jun 2024
Thermoplastic Edge Band Market Scope & Overview :
A Thermoplastic Edge Band is a thin strip of plastic made from PVC or ABS that covers the exposed edges of furniture components increasing the durability of the products by preventing wear and tear. It can also be used to seal the exposed and raw edges of the plywood.
Consegic Business Intelligence analyzes that the Global Thermoplastic Edge Band Market size was valued at USD 2,804.50 Million in 2022 and is expected to register a CAGR of 2.8% to reach USD 3,484.21 Million by 2030.
This report comprises Thermoplastic Edge Band Market Share, Size & Industry Analysis, By Material(ABS Edge Bands, PVC Edge Bands, PP Edge Bands, PMMA Edge Bands, and Others), By Structure (Rigid and Flexible), By End Users (Residential, Commercial, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
This report contains detailed information on Thermoplastic Edge Band Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
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Segmental Analysis :
The Thermoplastic Edge Band Market is segmented based on material, structure, end users, and region.
Based on material, the market is divided into ABS Edge Bands, PVC Edge Bands, PP Edge Bands, PMMA Edge Bands, and Others.
- In 2022, the PVC Edge Bands accounted for the highest market share and are expected to witness the fastest CAGR from 2023 to 2030 due to its wide benefits including ease of use on curved surfaces, personalized color schemes, and extended durability.
Based on structure, the market is bifurcated into rigid and flexible.
- In 2022, the flexible structure segment is anticipated to witness the fastest CAGR over the forecasted period and also hold the highest market share of the total market due to its flexible nature, ease of use, ease of modification, and application without any hurdles.
Based on end users, the market is segregated into residential, commercial, and others.
- The residential segment accounted for the highest market share in 2022 and is also expected to register the fastest CAGR from 2023 to 2030 as bands are used to protect wooden panels, design modular kitchen, and bathroom finishing, and cover raw edges of furniture.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- The Asia-Pacific region was valued at USD 1,079.73 Million with a CAGR of 38.50%, of which China alone accounted for 24.50% of the total market share due to rising customer lifestyles and demand for expensive and lavish furniture.
- North America is anticipated to grow at the fastest CAGR of 3.45 during the forecasted period, as there is rising adoption of advanced technologies in the region.
| Report Attributes | Report Details |
| By Material | ABS Edge Bands, PVC Edge Bands, PP Edge Bands, PMMA Edge Bands, and Others |
| By Structure | Rigid and Flexible |
| By End Users | Residential, Commercial, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Thermoplastic Edge Band Industry :
- Roma Plastik
- Teknaform
- REHAU Group
- EGGER
- Wilsonart
- Surteco
- MKT
- Proadec
- Dongguan Huali
- Sinowolf Plastic
Recent Industry Developments :
- In November 2022, Wilsonart, an engineered surfaces company partnered with Rugby ABP, a full-line wholesale distributor of specialty building products, to serve the New Mexico market.
- In December 2022, Surteco, a manufacturer of décor and surfaces, acquired the laminates and coated fabric business of Omnova Solutions Inc., U.S. further diversifying their products and markets across North America and Asia.