Wood Moulding and Trim Demand to Grow 3.7% Annually Through 2022
April 16, 2018 (Investorideas.com Newswire) Interior moulding is expected to continue to account for the majority of wood moulding and trim.
Cleveland OH, April 16, 2018 - Demand for wood moulding and trim is projected to increase 3.7% annually to $5.5 billion in 2022, the slowest rate of advance of any material type. However, wood will still account for more than half of moulding and trim sales in 2022. Demand growth will be driven by:
- a strong rise in office, commercial, and institutional building construction activity
- growth in interior trim product sales
- the need to replace worn or damaged existing wood products
Interior moulding is expected to continue to account for the majority of wood moulding and trim demand through 2022. However, wood is used extensively in all three product segments, which distinguishes it from other materials. These and other trends are presented in Moulding & Trim in the US, 7th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/moulding-and-trim-in-the-us-by-material-product-market-and-region-7th-edition-3617.htm
In 2017, wood was the dominant moulding and trim material, accounting for 53% of the market despite its share steadily falling over the 2007-2017 period. Wood lost market share to engineered wood and plastic, which can be more durable, have fewer maintenance requirements, and cost less than natural wood. Wood is expected to continue to lose share through 2022, though it will remain popular because of its aesthetic appeal and versatility.
Related studies include:
#3602 Siding Market in the US, 17th Edition (January 2018)
#3597 Insulation Market in the US, 12th Edition (December 2017)
About The Freedonia Group, a division of MarketResearch.com - The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com.
HomebuilderStocks.com - investing ideas in homebuilder stocks/real estate stocks and industry
Like Homebuilder Stocks? View our Homebuilder Stocks Directory
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.