Global Thermoplastic Edge Band Market growing at a CAGR of 2.8% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyses that the global thermoplastic edge band market is growing with a CAGR of 2.8% and is expected to reach USD 3,484.21 million in 2030 from USD 2,804.50 million in 2022.
The report highlights the rise in construction activities that is contributing to the growing demand for thermoplastic edge bands. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Thermoplastic Edge Band market.
Global Thermoplastic Edge Band Market By Overview
The thermoplastic edge band market is bifurcated into material, structure, and end users. Based on material, the market is segmented into ABS edgebands, PVC edgebands, PP edgebands, PMMA edgebands, and Others. In 2022, PVC edgebands segment accounted for the highest market share in the thermoplastic edge band market. Based on structure segment the market is categorized into rigid, and flexible. In 2022, flexible segment accounted for the highest market share. On the basis of end users, the market is segmented into residential, commercial, and others. In 2022, the residential segment accounted for the highest market share in the overall thermoplastic edge band market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for construction activities is propelling the market growth.
- Rapid industrialization and demand for aesthetically appealing furniture is increasing the market growth.
Restraints:
- Fluctuating cost of raw materials is likely to deter the market growth.
Opportunity:
- Growing focus on sustainable and eco-friendly edge banding solutions is expected to fuel market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Material | ABS Edgebands, PVC Edgebands, PP Edgebands, PMMA Edgebands, 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 |
Competitive Landscape :
The market is dominated by certain major companies such as Roma Plastik, Teknaform, REHAU Group, EGGER have a strong market position in current market circumstances. Further, the thermoplastic edge band market is expected to witness significant growth in the coming years due to increasing construction activities. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Roma Plastik
- Teknaform
- REHAU Group
- EGGER
- Wilsonart
- Surteco
- MKT
- Proadec
- Dongguan Huali
- Sinowolf Plastic