North America Edge Banding Materials Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Material [Plastic (PVC, ABS, Acrylic, and Other Plastics), Wood, Metals, and Others] and Application (Residential and Commercial & Industrial)

North America Edge Banding Materials Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Material [Plastic (PVC, ABS, Acrylic, and Other Plastics), Wood, Metals, and Others] and Application (Residential and Commercial & Industrial)

The edge banding materials market in North America is expected to grow from US$ 192.52 million in 2022 to US$ 326.60 million by 2028. It is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

High Aesthetics Appeal of Wood-Based Edge Banding

Edge banding is a thin material used to seal the exposed and raw edges of the plywood, which serves both functional and aesthetic purposes. Wood has been a popular material used for edge banding, as it is generally easy to work with. Edge banding covers up unsightly, rough edges and creates a glossy and natural finish to match the sides of a structure with its top. Manufacturers are providing various high-quality wood-based edge banding products with superior visual appeal. The popularity of wood-based edge banding is increasing due to its aesthetic and natural finish. Moreover, changing consumer preferences, inclination toward a luxurious lifestyle, increasing income levels of consumers and increasing commercial spaces are also boosting the growth of the wood-based edge banding materials market. In modern furniture manufacturing, edge banding quality is one of the key criteria for evaluating the quality of the entire furniture item. Thus, furniture manufacturers use wood-based edge banding to get an aesthetic and natural finish. These factors are driving the growth of the North America edge banding materials market.

Market Overview

The US, Canada, and Mexico are the key economies in North America. 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 number of new, privately owned housing units completed increased by 3.1% from August 2021 to August 2022. According to 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 growth of the edge banding material market in North America. Many domestic and international corporations have a substantial presence in North America. Product Resources, Inc. and Surteco USA Inc. are among the key players in the edge banding materials market. Manufacturers in the area are investing heavily in edge banding materials research and development and product development, which is projected to fuel the market growth during the forecast period.

North America Edge Banding Materials Market Revenue and Forecast to 2028 (US$ Million)

North America Edge Banding Materials Market Segmentation

The North America edge banding materials market is segmented into material, application, and country.

Based on material, the market is segmented into plastic, wood, metals, and others. By plastic material, the market sub segmented into PVC, ABS, acrylic, and other plastics. The plastics segment registered the largest market share in 2022.

Based on application, the market is segmented into residential and commercial & industrial. The residential segment held a larger market share in 2022.

Based on country, the market is segmented into the US, Mexico, and Canada. The US dominated the market share in 2022.

Product Resources, Inc.; EdgeCo Inc.; SURTECO GmbH; Charter Industries Extrusions LLC; JSO Wood Product Inc.; Sauers & Co Inc.; Aero-Plastics Inc.; Edge banding Services Inc.; and REHAU Inc. are the leading companies operating in the edge banding materials market in the region.

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