Edge Banding Glue Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 2.10 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
From 2023 to 2033, the Edge Banding Glue market is expected to continue its upward trajectory with substantial growth, although the dynamics may shift slightly. The global focus on sustainability and eco-friendly materials will impact the market, with a growing demand for low-VOC and environmentally friendly edge banding glues. This will drive manufacturers to innovate in their formulations and explore bio-based adhesives, which are gaining traction as viable alternatives to traditional solutions. The residential sector's booming demand for custom and modular furniture is expected to further boost the market. Additionally, the surge in e-commerce and online retail sales of furniture products, driven by the pandemic's after-effects, is likely to continue influencing the demand for edge banding glue products in the coming decade.
As manufacturing technologies evolve, automation in production processes is expected to play a pivotal role in shaping the market. Automated production lines for edge banding are likely to increase efficiency and reduce the overall costs of glue products. This technological leap will cater to the growing demand for high-volume production in industries like furniture, automotive, and construction. On the demand side, the edge banding glue market will also be influenced by consumer preferences for aesthetic value, enhanced durability, and sustainability in the end products.
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The Edge Banding Glue market has seen significant growth from 2018 to 2022, driven by increased demand for edge banding in various sectors, including furniture production, automotive, and construction. The global demand for edge banding glue was propelled by the expansion of the furniture industry, where high-quality finishes and durability are essential for production. With technological advancements and growing awareness about the importance of edge finishing, the market experienced a steady increase in product demand. As the furniture industry embraced innovations, particularly in modern and sleek designs, the need for high-performance edge banding solutions was evident. This demand was especially strong in regions like North America, Europe, and parts of Asia, where high-end furniture manufacturing saw a consistent rise.
Chemique
Henkel
Jowat
Dorus
Akfix
NANPAO
Guangdong Sino-adhesive New Material Technology
Mingtu
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Edge Banding Glue Market
Electronic
Package
Textile
Automobile
Others
Based on Types the Market is categorized into Below types that held the largest Edge Banding Glue market share In 2023.
Ethylene Vinyl Acetate
Polyurethane
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Edge Banding Glue Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Edge Banding Glue Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Edge Banding Glue Market, By Type
6. Global Edge Banding Glue Market, By Application
7. Global Edge Banding Glue Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Edge Banding Glue Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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