Edge Banding Materials Market Analysis | Leading Players, Industry Updates, Future Growth, Business Prospects
Edge Banding Materials Market: Introduction
In terms of
value, the edge banding
materials market in India is anticipated to exceed US$ 140 Mn
by 2030 and expand at a CAGR of more than 11.0% during the
forecast period
In terms of
volume, India is projected to hold a significant amount of market share of edge
banding materials market in Asia Pacific in 2019. It is estimated to be the
leading country of the edge banding materials market in Asia Pacific during the
forecast period. Manufacturers of edge banding materials plan to expand their
footprint and portfolio in Asia Pacific, thereby offering significant
opportunities for the edge banding materials market.
The
commercial real estate industry in India is likely to experience increase in
investment activities. Foreign direct investment alone might see a close to
six-fold jump to US$ 23.5 Bn over the next 10 years. Vast office spaces and
other commercial spaces require furniture for various purposes for day-to-day
working. Edge banding materials are extensively employed in furniture end-uses
to increase the durability and lifespan of the furniture. This is anticipated
to boost the demand for edge banding materials in the country in the near
future.
Download Sample Copy of
Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37442
India Edge Banding Materials Market: Key
Drivers and Restraints
Growth in
the housing sector is estimated to propel the demand for furniture, thereby
fueling the demand for edge banding materials in India.
Furniture is
an integral component of every office. Besides being a must for utility
purposes, office furniture also adds to the esthetics of the space, and
overall, the visual brand, whether large or small. The right material of office
furniture sets can improve the workplace culture manifold and even help retain
employees. Employees who like their work desks are more motivated to be
productive. Increase in number of startup businesses around the globe
especially in India (Asia Pacific) that require commercial spaces for office
work, owing to the favorable business conditions and government policies in
India, is projected to drive the demand for office furniture. This, in return,
is expected to fuel the demand for edge banding materials across India.
Real estate
is one of the most recognized sectors across the globe. It comprises four sub
sectors: housing, retail, hospitality, and commercial. Expansion of the
commercial sector is complemented by the growth of the corporate environment
and demand for office space as well as urban and semi-urban accommodations. The
construction industry ranks third among the 14 major sectors in terms of
direct, indirect, and induced effects in all sectors of the economy. Growth in
the commercial sector is also projected to positively impact the edge banding
materials market in the near future.
Request for Custom
Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=37442
India Edge Banding Materials Market: Key
Segments
In terms of
volume, the residential end-use segment held major share of the edge banding
materials market in India in 2019. It was followed by the commercial segment.
This trend is anticipated to continue during the forecast period. The
residential segment offers significant opportunities for the edge banding
materials market in India, owing to an increase in utilization to of edge
banding materials in furnishings such as sofa, coffee table, chest of drawers,
book case, armchair, dining room table, desk, wardrobe, bed, and outdoor
tables. Furthermore, the commercial segment is estimated to expand at a
moderate pace during the forecast period.
Based on
material, the plastic (PVC) segment held significant share of more than 30% of
the edge banding materials market in India in 2019. This trend is estimated to
continue during the forecast period. On the other hand, ABS and acrylic
sub-segments of the plastic segment of the edge banding materials market in
India are projected to expand at a steady CAGR compared to the others segment
during the forecast period.
Make an Enquiry
Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=37442
Competition Landscape of India Edge
Banding Materials Market
Major
players operating in the edge banding materials market in India include Vaibhav
Industries, Veena Polymers, Squareone Décor, Paramount Composites India, E3
Group, Gdecor Industries India Private Limited, REHAU India, Shirdi
Industries Ltd., Sri Umiya Industries, and MARUTI ENTERPRISE
More
Trending Reports by Transparency Market Research –
Waterproofing Membranes Market
https://www.transparencymarketresearch.com/waterproofing-membrane-market.html
Medical Plastics Market
https://www.transparencymarketresearch.com/medical-plastics-market.html
Adjuvants Market
https://www.transparencymarketresearch.com/adjuvants-market.html
Carbon Fiber Market
https://www.transparencymarketresearch.com/carbon-fiber-market.html
Ferroalloys Market
https://www.transparencymarketresearch.com/ferroalloy-market.html
About Transparency
Market Research
Transparency Market
Research, a global market research company registered at Wilmington,
Delaware, United States, provides custom research and consulting services. The firm scrutinizes
factors shaping the dynamics of demand in various markets. The insights and
perspectives on the markets evaluate opportunities in various segments. The
opportunities in the segments based on source, application, demographics, sales
channel, and end-use are analysed, which will determine growth in the markets
over the next decade.
Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking insights
for thousands of decision-makers, made possible by experienced teams of
Analysts, Researchers, and Consultants. The proprietary data sources and
various tools & techniques we use always reflect the latest trends and
information. With a broad research and analysis capability, Transparency Market
Research employs rigorous primary and secondary research techniques in all of
its business reports.
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Comments
Post a Comment