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US Molding & Trim Demand to Approach $10 Billion in 2014 Finds ReportBuyer.com - Report Buyer - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report
US Molding & Trim Demand to Approach $10 Billion in 2014 Finds ReportBuyer.com

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/02/24 - Report Buyer - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.

   
 
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According to the report “Molding & Trim: US industry forecasts for 2014 & 2019” US demand for molding and trim is forecast to approach $10 billion in 2014 on annual increases in excess of ten percent. A rebound in new residential construction expenditures from their depressed 2009 level will fuel gains in demand. As the housing market contracted from 2006 through 2009, molding and trim demand suffered a steep decline. The new residential market, which normally accounts for about two-fifths of overall demand for molding and trim, saw its share drop by nearly 50 percent. Even though the recovery in housing completions will still fall short of the 2004 level, new residential demand for molding and trim will manage to regain its usual share.

While other markets for molding and trim will see growth through 2014, advances will be much less spectacular than those for new residential building. The nonresidential building market, which managed modest growth over the 2004-2009 period, will accelerate through 2014 as construction activity in the office and commercial segment recovers from weakness triggered by the US recession.

Interior molding accounts for the largest share of molding and trim demand. Because interior molding is widely used in all major types of housing, demand for these products will receive a major boost from the anticipated rebound in new residential construction. Value gains, however, will be slightly faster for exterior trim, aided in part by demand for higher-priced, more durable materials such as plastic.

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US Molding & Trim Demand to Approach $10 Billion in 2014 Finds ReportBuyer.com

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