US Molding and Trim Market Forecast $9.0 billion to 2016

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Dallas, TX (prHWY.com) January 4, 2013 - This study analyzes the US molding and trim industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by material (e.g., wood, metal, plastic, engineered wood), product (e.g., moldings, stairwork and other decorative components) and market (new and replacement residential and nonresidential construction). The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.

US demand to rise nearly 11% annually through 2016

US demand for molding and trim is forecast to rise nearly 11 percent per year to $9.0 billion in 2016. A sharp rebound in new housing construction and a partial recovery in nonresidential building construction will drive gains. However, this revival in new construction activity will still not be sufficient to raise molding and trim demand in 2016 to the level achieved in 2006.

Engineered wood to see some of the best growth

Engineered wood molding and trim is forecast to advance at the most rapid pace of all materials through 2016. The rising use of these materials in the fast-growing new residential market will fuel gains. Home builders will choose engineered wood products because they look like wood, but do not need to be painted or stained prior to installation. This will support the use of engineered wood as molding and exterior trim.

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Residential market to outpace nonresidential demand

Within each of the market segments for molding and trim, demand shares by material in 2016 will be similar to those in 2011. Therefore, overall gains for the different materials will primarily be shaped by the underlying growth in the respective market segments, rather than from increases in share within the particular market segments. For example, because wood is used extensively in new residential molding and stairwork, the rebound in new residential construction will support demand increases for wood molding and trim. Residential consumers molding and trim. Residential consumers due to its favorable aesthetics. Wood will see an increase in the stairwork segment, spurred by a rebound in housing completions, as most wood stairways are installed in residences.

Wood to remain popular in residential market

Demand for molding will be driven by strong growth in housing completions. Wood will remain the leading material used in its production. Consumers prefer the appearance of wood to that of other materials, while construction professionals specify wood due to its low cost and their familiarity with the material.
Stairwork demand is forecast to advance at a healthy 11.3 percent annual rate through 2016. Because most stairwork is installed in new structures, rebounding new building construction spending will drive gains. Wood will continue to dominate residential stairwork demand, while metal will account for the majority of the nonresidential market.

Wood to lose market share to plastic, engineered wood in exterior trim applications

Exterior trim is one application in which material shares are expected to change slightly over the forecast period. Wood will remain the market leader but face increasingly stiff competition from plastic and engineered wood, which better resist degradation caused by insects and exposure to the elements.

Company Profiles

Profiles US industry competitors such as CPG International, Fortune Brands Home & Security, Georgia Gulf, Headwaters, HB&G Building Products, Sierra Pacific and Woodgrain Millwork

Additional Information

This study examines the US molding and trim industry by material (wood, plastic, metal, engineered wood, and other), product (molding, stairwork, and other), and market (residential and nonresidential). For the purposes of this study, "molding" refers solely to interior molding and trim products used in conjunction with walls and ceilings; while "stairwork" refers to stair systems and components whether used in interior or exterior applications. Thus, "other products" would consist of any interior molding and trim products (e.g., fireplace surrounds, mantels, and interior columns) that do not fall into the above definition of "molding" as well as a variety of molding and trim products used in exterior applications.

Historical data for 2001, 2006, and 2011 and forecasts to 2016 and 2021 are presented in current dollars. "Demand" is defined as being equal to shipments plus imports minus exports. This is synonymous with terms such as "sales" and "consumption." Throughout the study, demand is related to various indicators in the tables (e.g., gross domestic product and construction expenditures). The macroeconomic indicators used in this study were obtained from The Freedonia Group Consensus Forecasts dated August 2012. Because of the Bureau of Economic Analysis' use of chain-weighted price indices, inflation-adjusted gross domestic product components (2005 dollars) do not necessarily add to the total.

Information and data on the molding and trim industry were obtained from a variety of primary and secondary sources, including government publications, trade associations (e.g., Moulding & Millwork Producers Association and Architectural Woodwork Institute), industry participants, online databases, and other Freedonia studies. These and supporting data were adjusted as necessary in light of consultation with personnel of participating companies and other industry contacts. Secondary data and background information were obtained from various trade publications, including Builder, Building Design + Construction, The Journal of Light Construction, Qualified Remodeler, and Walls and Ceilings. Corporate information sources included annual reports, SEC Form 10-K filings, product releases, prospectuses, and conversations with responsible officers within the companies themselves.

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Tag Words: us trim industry, us molding industry, trim market, molding and trim, molding industry, molding trim market

Categories: Manufacturing

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