By: The Working Forest Staff
Demand for wood moulding and trim is projected to increase by only 3.7 percent 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.
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.
In 2017, wood was the dominant moulding and trim material, accounting for 53 percent 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.