Edge banding materials market in India is anticipated to exceed US$ 140 Mn by 2030

Edge banding has proved to be one of the most ergonomic techniques used to cover the edges of wooden panels. This technique is prominently used in the process of making new furniture. Various banding materials include polyvinyl chloride (PVC), resin, and wood which are readily available in the market. The advancements in technology and R&D activities have led to product diversification according to the emerging trends. Nevertheless, innovations such as heat applicators and hot-melt adhesive which can be used in various industrial applications have created immense growth opportunities for the edge banding materials market during the forecast period of 2020-2030.

Construction activities have increased considerably across the globe. Concurrently, the industries are growing at a rapid pace. This aspect has led to rural to urban migration and created new growth opportunities for the edge banding materials market. Furthermore, the environmental concerns are aggravating day by day, and this has created a pressing need for user-friendly and sustainable products.

The team of analysts at TMR has conducted an extensive market survey and prepared a research report on the growth trajectory of the edge banding materials market. The projections made by the expert team state that the market is expected to reach a value of US$ 140 Mn by the end of the forecast period.

Economical Production of Edge Banding Materials to Create Abundant Growth Opportunities for Edge Banding Material

The residential sector across the globe, especially in emerging economies comprises mainly contractors, builders, and contractors who play a crucial role in the expansion of the construction industry.

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Subsequently, the remarkable growth in the disposable income of the population in the developing countries has increased the spending on residential amenities which has created a positive impact on the edge banding materials market. Consequently, the spur in construction activities along with the high demand for lavish and aesthetically appealing interiors are likely to shape the growth of the edge banding materials market.

Several types of edge banding materials are available in the market. PVC has been one of the most preferred materials owing to its availability in different color schemes, customization, and ease of use on curved surfaces in comparison with wood edge bands. Subsequently, PVC edge bands are highly durable, which has fueled the sales of edge banding materials during the forecast period. PVC and other types of edge band materials such as plastic ABS and acrylic are also anticipated to gain popularity during the coming years.

Relentless Focus of Leading Players on Innovating Ergonomic Edge Banding Materials Augments Market Growth

The players operating in the edge banding materials market have whetted their expertise in formulating novel products with high efficiency and quality.

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The novel product range has created awareness among consumers about product efficiency. In addition, strategic collaborations with startups, mergers, acquisitions, and joint ventures have developed immense growth opportunities for the edge banding materials market. The vision of the manufacturers to follow the emerging trend of eco-friendly products has led to the production of green products which have gained consumer attention owing to the awareness regarding environment conservation. The novel technologies and developments have led to market expansion and diversification. The addition of green products on product profiles has created remarkably lucrative opportunities for the growth of the global market. Advertising campaigns and promotional activities have created product awareness among consumers.

Some of the key players operating in the edge banding materials market are Veena Polymers, Paramount Composites India, India Private Limited, Shirdi Industries Ltd., MARUTI ENTERPRISE, and MARUTI ENTERPRISE.

Asia Pacific Shows Immense Growth Potential in Global Market

Asia Pacific is prognosticated to generate good revenue for the global market. The booming construction sector in developing countries such as India has generated remarkably lucrative opportunities for the global edge banding materials market. The rising disposable income in developing countries such as China and India has led to increased spending on construction activities which has opened new growth avenues for the market.

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Edge Banding Materials Market Segmentation:

By Material

Plastic

PVC

ABS

Acrylic

Others

Wood

Metal

Others

By End-use

Residential

Commercial

Others

By Region

India

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