(I-BusinessNews.Com, November 14, 2018 ) e industries in this region.
Global Edge Band Tapes Market Dynamics
One of the key drivers behind the growth of the edge band tapes market in the packaging industry over the forecast period is the low average sales price of edge band tapes and the market for edge band tapes is expected to witness same pricing trend in the upcoming years. Alternate factors which are amplifying the growth of the market for edge band tapes are the low inflation rate, spending patterns, per capita GDP, environment-friendly, and consumer income. Over the decade, laser technology for adding edge band tapes in designing residential as well as commercial furniture has gained popularity among the end users. Thereby, creating a large market opportunity for manufacturers as well as distributors to gain a high-profit margin in global edge band tapes market over the forecast period.
However, continuous exposure of edge band tapes to sunlight may result in changing chemical properties and thereby hampering the product’s overall lifecycle. This is anticipated to hamper the growth of global edge band tapes market. Moreover, limited penetration of these edge band tapes in emerging economies is expected to restrict market growth
Global Edge Band Tapes Market Segmentation
The edge band tapes market can be segmented on material type, thickness, end user and sales channel. On the basis of material type, edge band tapes can be categorized into PVC, ABS, PMMA, metal, solid wood and melamine. On the basis of thickness, the edge band tapes market can be segmented into thin (
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