PUBLISHER: Market Research Future | PRODUCT CODE: 1607753
PUBLISHER: Market Research Future | PRODUCT CODE: 1607753
Latin America Edge Banding Materials Market Research Report Data Analysis By Material Type (PVC, ABS, Melamine, Veneer, Acrylic, Wood, Metal and Hybrid) By Width (15 mm - 30 mm, 31 mm - 40 mm, 41 mm - 55 mm and More Than 55 mm) By Thickness (0.1 mm - 1.5 mm, 1.6 mm - 2.0 mm and More Than 2.0 mm) By End Use (Residential, Commercial and Others) and By Region Forecast to 2032
According to projections, the Edge Banding Materials Market is expected to expand at a compound yearly growth rate (CAGR) of 4.58% from USD 523 million in 2024 to USD 782.43 million by 2032. The market for edge banding materials has expanded and developed significantly in the last several years. Understanding the larger environment and particular dynamics influencing the Latin American edge banding market requires analyzing both macro and micro variables. Economic conditions, legal frameworks, and technical developments are examples of macro variables that influence industry trends both locally and globally and form the market environment.
One of the primary reasons propelling the market for edge banding materials is the expansion of the furniture manufacturing sector in Latin America. Mexico, Chile, and Brazil-which manufactures most of the furniture in the region-are significant players in this industry. Strong demand from both domestic and foreign consumers is predicted to propel the furniture industry in Brazil, which is valued at USD 13.8 billion in 2024, to rise at a compound annual growth rate (CAGR) of roughly 4.0% over the following five years.
Perspectives on Market Segments
The market for Latin American edge banding materials has been divided into two segments based on the kind of material: PVC, ABS, Melamine, Veneer, Acrylic, Wood, Metal, and Hybrid.
The market has been divided into four segments based on width: 15 mm to 30 mm, 31 mm to 40 mm, 41 mm to 55 mm, and More Than 55 mm.
The market for edge banding materials in Latin America has been divided into three segments based on thickness: 0.1 mm to 1.5 mm, 1.6 mm to 2.0 mm, and More Than 2.0 mm.
The market has been divided into three segments based on the end use: residential, commercial, and others.
National Perspectives
The market for edge banding materials in Latin America is divided into the following countries: Brazil, Mexico, Argentina, Chile, Peru, Columbia, Paraguay, Costa Rica, and the rest of LATAM. The market for Brazil Edge Banding Materials had the largest market share and is anticipated to generate a sizable revenue share over the course of the projected period. Due to the construction and renovation industries' explosive growth, the Brazilian market for edge banding materials is expanding. Higher usage of edge banding materials is ensured by a rising preference for aesthetically pleasing furniture and cabinets, which is bolstered by a corresponding increase in disposable money. Additional factors driving market expansion include better adhesives and rising consumer desire for eco-friendly products. Nonetheless, the market faces difficulties because of current economic volatility, reliance on imports, and pressure from competitive pricing.
The following are important companies in the edge banding materials market. Betzler Group B.V., Hafele, Modulo 60, Cantisa S.A.U., TECE, EGGER, Kronospan, Hraniplex, and REHAU Group.