PUBLISHER: Market Research Future | PRODUCT CODE: 1607754
PUBLISHER: Market Research Future | PRODUCT CODE: 1607754
Latin America Edge Banding Materials Market Research Report Data 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
The Latin America Edge Banding Materials Market was valued at USD 506.73 million in 2023. The Edge Banding Materials Market is expected to increase from USD 523 million in 2024 to USD 782.43 million by 2032, with a compound yearly growth rate (CAGR) of 4.58% over the forecast period (2024-2032). In recent years, the market for edge banding materials has grown significantly. Analyzing macro and micro aspects is critical for understanding the broader environment as well as the unique dynamics that drive the Latin American edge banding market. Macroeconomic conditions, regulatory frameworks, and technology breakthroughs define the total market environment and influence industry trends on a regional and worldwide level. Meanwhile, micro factors such as supplier relationships, consumer behavior, and competitor strategies have a direct impact on the day-to-day operations and decision-making processes of market-based organizations.
The expansion of the furniture manufacturing industry in Latin America is one of the primary drivers of the edge banding materials market. Brazil, which manufactures most the region's furniture, Mexico, and Chile are all significant market participants. Brazil's furniture market is predicted to be valued USD 13.8 billion in 2024, with a compound annual growth rate (CAGR) of around 4.0% over the next five years due to strong demand from both domestic and foreign consumers.
Marketing Segmentation
The Latin America Edge Banding Materials Market is segmented based on Material Type, which includes PVC, ABS, Melamine, Veneer, Acrylic, Wood, Metal, and Hybrid.
The market is segmented by width: 15 mm - 30 mm, 31 mm - 40 mm, 41 mm - 55 mm, and More Than 55 mm.
The Latin America Edge Banding Materials market is divided into three segments based on thickness: 0.1 mm - 1.5 mm, 1.6 mm - 2.0 mm, and more than 2.0 mm.
The market is divided into three segments based on end use: residential, commercial, and others.
Country insights
The Latin America Edge Banding Materials market is divided into the following countries: Brazil, Mexico, Argentina, Chile, Peru, Colombia, Paraguay, Costa Rica, and the rest of Latin America. The Brazil Edge Banding Materials market has the largest market share and is predicted to account for a sizable revenue share throughout the forecast period. The Brazilian edge banding materials market is expanding due to the increasing growth of the construction and renovation sectors.
REHAU Group, TECE, EGGER, Kronospan, Hraniplex, Cantisa S.A.U., Hafele, Modulo 60, and Betzler Group B.V. are among the market leaders in edge banding materials.