US Edge Banding Materials Market

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.

Market Introduction

Edge banding is the decorative material used on the exposed edges of furniture to cover the wood edges. It is generally used on medium-density fiberboard, plywood, and melamine-coated particle board with rough edges. Edge banding is a thin material that covers the plywood's exposed and raw edges. The heat-sensitive adhesive on one side is employed on the board, while the other acts as a barrier against moisture and dirt. Edge banding is mainly done to cover plywood sides to match a cabinet's finished look, but it also shields the inner plywood from possibly warping. In addition, edge banding minimizes the risk of quality issues in solid wood lipping. Edge banding materials in various widths and thicknesses can be used in a small crevasse and bent to a large extent as required.

US Edge Banding Materials Strategic Insights

Strategic insights for the US Edge Banding Materials provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

US Edge Banding Materials Report Scope

US Edge Banding Materials Regional Insights

The geographic scope of the US Edge Banding Materials refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

In North America, the residential furniture industry is booming with the rising number of residential construction projects. According to the US Census Bureau and the US Department of Housing and Urban Development, the completed number of new, privately owned housing units increased by 3.1% from August 2021 to August 2022. As per the US Census Bureau, 37 million (15%) adults aged 18 and above lived alone in 2021, up from 33 million (14%) in 2011. Thus, there has been a rise in the number of single and two-person households, indicating growth in residential construction projects. Moreover, during the COVID-19 pandemic, the increased practice of working and studying at home resulted in a surge in purchases of residential and office furniture. The aforementioned factors are driving the US edge banding material market growth.

Moreover, the demand for furniture dropped in 2020 as schools, offices, and restaurants were temporarily shut down to control the spread of SARS-CoV-2. However, with the decreasing number of COVID-19 cases in 2021, governments of various countries announced relaxations in several restrictions, including lockdowns and travel bans. Schools, offices, and other commercial and industrial facilities were reopened. Additionally, increasing renovation, remodeling, and modification activities at offices and other institutional spaces triggered the demand for furniture across the US. Thus, the resumption of commercial, institutional, and industrial renovation activities is expected to provide growth opportunities to the companies operating in the US edge banding materials market in the coming years.

Key Market Segments

Based on material, the US edge banding materials market is segmented into plastic, metal, wood, and others. In 2021, the plastic segment dominated the market, and the wood segment is expected to register the highest CAGR during the forecast period. Based on end use, the US edge banding materials market is segmented into residential and commercial & industrial. In 2021, the residential segment dominated the market, and the commercial & industrial segment is expected to register the highest CAGR during the forecast period.

Major Sources and Companies

A few primary and secondary sources referred to while preparing this report on the US edge banding materials market are paid databases (factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Key companies listed in the report 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.

Reasons to buy the report

• 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 US edge banding materials across various industries
• Porter's Five Forces analysis illustrates 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.
• Trends and outlook coupled with factors driving and restraining 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

US Edge Banding Materials Market Segmentation

By Material

• Plastic
  • PVC
  • ABS
  • Acrylic
  • Others
• Wood
• Metal
• Others

By End Use

• Residential
• Commercial and Industrial

Company Profiles

• 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