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NEW YORK , Dec. 7, 2021 /PRNewswire/ -- The Edge Banding Materials Market research report has been added to Technavio's catalog. The market is anticipated to witness healthy growth at a CAGR of 7.41%. This growth can be attributed to global growth in the commercial sector. However, low availability of workforce and rising labor costs during COVID-19 outbreak can hamper the growth of the market during the next few years.
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The low availability of the workforce and rising labor costs during the COVID-19 outbreak will be a major challenge for the edge banding materials market. The COVID-19 pandemic severely impacted the construction industry globally, resulting in a considerable reduction in revenue in 2020. Labor issues aggravated the situation further in the market. According to the US Bureau of Labor Statistics, the industry is expected to need an additional 747,000 workers by 2026. According to the Associated General Contractors of America, in 2021, the average hourly earnings of workers in the construction sector increased by 3.2% to $30.73 compared to that in the previous year. Their wages were also 10.1% higher than the average annual wages in the private sector, which was $27.90 in 2020. Such factors hamper the profit margins of construction product manufacturers and pose a challenge for the construction of new buildings.
Read the 120-page report with TOC on "Edge Banding Materials Market Analysis Report by End-user (residential, commercial, and industrial) and Geography (APAC, Europe , North America , MEA, and South America ), and the Segment Forecasts, 2022-2026". Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions: https://www.technavio.com/report/edge-banding-materials-market-industry-analysis
Aero Plastics Inc.- The company offers edge banding materials such as PVC edge bands and Semi-Rigid (Flex) edge bands
Blazic robni trakovi- Blazic robni trakovi offers edge banding materials such as ACRYLIC 3D Edge-Banding Tapes, ABS Edge-Banding Tapes,Laser Edge-Banding Tapes, and others.
Coskunuzer Mobilya Ltd.Sti- The company offers edge banding materials such as PVC Edge bands, Vaneer Edge bands, 3D double color, Melamine Edge bands, and others.
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Major Five Edge Banding Materials Companies:
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Edge Banding Materials Market End-user Outlook (Revenue, USD mn, 2021-2026)
Edge Banding Materials Market Geography Outlook (Revenue, USD mn, 2021-2026)
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Edge Banding Materials Market Scope
Accelerate at a CAGR of 7.41%
APAC, Europe, North America, MEA, and South America
China, US, Germany, India, and Turkey
Leading companies, competitive strategies, consumer engagement scope
Aero Plastics Inc., Blazic robni trakovi, Coskunuzer Mobilya Ltd.Sti, David Clouting Ltd., EONCRED GROUP, Moderne Kunststoff-Technik, Squareone Decor, SURTECO GmbH, Unipegasus Profiles Pvt. Ltd, and Veena Polymers
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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