Thermoplastic Edgeband Market Size, Share, Growth, and Industry Analysis by Type (ABS Edgebands, PVC Edgebands, PP Edgebands, PMMA Edgebands and Others) By Application (Home, Office and Others), Regional Insights, and Forecast 2024 To 2031

Updated On: 15 April 2024

Thermoplastic Edgeband Market Report Overview

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The global thermoplastic edgeband market size was USD 4216.8 million in 2022 and is expected to reach USD 11117.68 million in 2031, exhibiting a CAGR of 11.4% during the forecast period.

The thermoplastic edgeband market refers to the industry that produces and supplies thermoplastic edgebands, which are materials used in the furniture and woodworking industry for finishing the edges of various surfaces.

Thermoplastic edgebands are thin strips made from thermoplastic materials such as PVC (polyvinyl chloride), ABS (acrylonitrile butadiene styrene), PP (polypropylene), and PMMA (polymethyl methacrylate). These edgebands are applied to the exposed edges of furniture, countertops, cabinets, and other woodworking products to provide a decorative and protective finish.

The thermoplastic edgeband market has experienced significant growth in recent years, driven by factors such as the increasing demand for aesthetically appealing furniture, rising construction activities, and the growing trend of modular furniture. The use of thermoplastic edgebands offers several advantages, including durability, resistance to moisture and chemicals, ease of application, and a wide range of design options.

COVID-19 Impact: Supply Chain Disruptions to Challenge the Market Demands

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

The pandemic caused disruptions in global supply chains, including raw material procurement and transportation. Restrictions on international trade, factory closures, and reduced production capacity have affected the availability of thermoplastic edgeband materials. The construction and furniture industries, which are major consumers of thermoplastic edgeband, experienced a slowdown during the pandemic. Lockdowns, social distancing measures, and economic uncertainties led to a decrease in construction projects and a decline in furniture manufacturing, resulting in reduced demand for edgeband products.

LATEST TRENDS

"Sustainability and Eco-Friendly Solutions to Augment the Market Growth"

Manufacturers are focusing on providing a wide range of customization options in terms of colors, patterns, textures, and finishes. This allows customers to choose edgebands that match their specific design requirements and enhance the overall appearance of the finished product. There is a rising emphasis on environmentally friendly edge banding solutions. Manufacturers are developing edgebands using recycled materials and exploring alternatives to PVC-based products. Bio-based thermoplastic edgebands are gaining popularity as they offer a sustainable option without compromising on performance. Thermoplastic edgebands are being engineered to offer enhanced performance and durability. They are designed to withstand various factors such as moisture, heat, impact, and abrasion, ensuring long-lasting edge protection for furniture and other applications.

Thermoplastic Edgeband Market Segmentation

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• By Type Analysis

By type, market is segmented into ABS edgebands, PVC edgebands, PP edgebands, PMMA edgebands and others. The ABS edgebands type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into home, office and others. The home segment will lead the global share through 2028.

DRIVING FACTORS

"Growing Construction and Renovation Activities to Push the Market"

The furniture industry is one of the major consumers of thermoplastic edgebands. As the global population continues to grow and urbanization accelerates, the demand for furniture, including residential and commercial furniture, is increasing. Thermoplastic edgebands offer aesthetic appeal, durability, and cost-effectiveness, making them a preferred choice for furniture manufacturers. The construction and renovation sectors play a significant role in driving the demand for thermoplastic edgebands. As construction activities increase worldwide, the demand for furniture, cabinets, and interior fixtures rises correspondingly. Thermoplastic edgebands are used to enhance the appearance and functionality of these items, further driving the market growth.

"Technological Advancements to Boost the Market Demands"

Thermoplastic edgebands offer several advantages over traditional edge banding materials such as wood veneer or PVC. They are highly flexible, easy to apply, resistant to moisture, chemicals, and UV radiation, and have excellent edge retention properties. These characteristics make thermoplastic edgebands popular among manufacturers, leading to increased adoption and market growth. Advancements in manufacturing technologies and processes have positively impacted the thermoplastic edgeband market. Innovative production methods, including extrusion and co-extrusion techniques, have improved the quality and efficiency of edgeband production. This has led to a wider variety of design options, colors, and textures, catering to diverse customer preferences.

RESTRAINING FACTORS

"Competition from Other Edgeband Materials to Slow the Market Growth "

Thermoplastic edgebands, particularly those made from PVC, have faced increasing scrutiny due to their potential environmental impact. PVC contains chlorine, and its manufacturing process can release harmful byproducts, such as dioxins and phthalates. Growing awareness and regulations related to sustainability and environmental protection may create challenges for the market, as customers and stakeholders demand more eco-friendly alternatives. Thermoplastic edgebands face competition from other materials used for edge banding, such as wood veneer, melamine, and metal. These materials offer different aesthetic options and may be preferred by customers seeking a more natural or premium look. The availability of a wide range of alternative materials can limit the demand for thermoplastic edgebands in certain market segments.

Thermoplastic Edgeband Market Regional Insights

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"North American Market to Grow Exponentially with the Forecasted Period"

The North American region, including the United States and Canada, is a significant market for thermoplastic edgebands. The region has a well-established furniture industry, including residential and commercial sectors, which drives the demand for edge banding products. Additionally, the growing focus on aesthetics and quality in furniture design has further increased the adoption of thermoplastic edgebands in North America.

The Asia Pacific region, including countries like China, Japan, India, and South Korea, is witnessing rapid growth in the thermoplastic edgeband market. The expanding construction and infrastructure sectors, coupled with a growing middle-class population and urbanization, are driving the demand for furniture and interior design. As a result, the demand for thermoplastic edgebands is increasing to meet the requirements of the booming furniture industry in the region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Surteco Group SE (Germany)
• Fritz EGGER (Austria)
• REHAU Group (Germany)
• Teknaform Inc. (U.S.)
• MKT (Germany)
• Tece Dekor A.S. (Turkey)
• Scanwolf (Malaysia)
• Dongguan Huali (China)
• Sinowolf Plastic (China)
• Dongguan Xiongyi (China)
• Zhejiang Wellscom (China)
• Guangzhou Jiade (China)
• Dongguancity Hexing (China)
• Guangzhou Young (China)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.