South Korea Edge Banding Material Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Edge Banding Material Market is witnessing significant growth, fueled by an increasing demand from various industries such as furniture manufacturing, interior design, and automotive. Edge banding materials are essential for providing a finished, smooth edge to panel products like MDF, plywood, and particleboard, which are widely used in furniture production. These materials not only enhance the aesthetic appeal of the product but also offer durability and protection from environmental elements.
One of the primary types of edge banding materials in the South Korean market is PVC (Polyvinyl Chloride), known for its cost-effectiveness, versatility, and availability in various colors and textures. Another popular option is ABS (Acrylonitrile Butadiene Styrene), which is more eco-friendly and resistant to scratches and wear. The choice between these materials depends on the specific needs of the industry, with ABS being preferred for high-end furniture and PVC being commonly used in mass production.
The demand for edge banding materials is driven by industries like furniture manufacturing, where high-quality and durable products are essential. South Korea's automotive sector also plays a key role, with edge banding materials used in vehicle interiors, such as dashboards and trim elements. Additionally, the growing trend of interior design, which prioritizes aesthetics, has pushed the need for edge banding materials to ensure seamless finishes in various types of cabinetry and furniture items.
Manufacturers in South Korea are increasingly focusing on innovation to meet the market's requirements. For example, the use of advanced technology in producing edge banding materials has led to higher precision and durability. Industries are also seeking sustainable alternatives, which has further boosted the demand for eco-friendly materials like ABS and natural wood veneer. With the rise of consumer interest in customized and premium-quality furniture, the edge banding material market is expected to continue evolving, with more manufacturers adopting these materials to meet growing industry needs.
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Rehau Unlimited Polymer Solutions
SURTECO GmbH
PRI – Product Resources
Inc.
Wilsonart LLC
Ultra Tech – Advanced Edge Banding
EdgeCo Incorporated
Pegasus
Squareone Décor
Paramount Composites India
Gdecor Industries India Private Limited
Shirdi Industries Ltd.
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 South Korea Edge Banding Material Market
Edge Banding Tape
Edge Banding Strips
Edge Banding Rolls
Wood Veneer
PVC
ABS
Polypropylene (PP)
Melamine
Aluminum
Other Materials
Furniture Manufacturing
Cabinet Making
Flooring
Doors & Windows
Other Applications
Residential
Commercial
Industrial
Automotive
Others
Hot Melt Technology
Cold Glue Technology
Laser Technology
Pre-Glued Technology
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Edge Banding Material 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. South Korea Edge Banding Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Edge Banding Material Market, By Type
6. South Korea Edge Banding Material Market, By Application
7. South Korea Edge Banding Material Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Edge Banding Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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