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US Molding & Trim Market

  • January 2013
  • -
  • Freedonia
  • -
  • 328 pages

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.

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 overwhelmingly opt for wood molding 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.

Study coverage

These and other findings are available in the upcoming industry study, Molding & Trim. This study provides historical demand data for 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by molding and trim material, product and market. The study also considers key market environment factors, assesses the industry structure, details company market share, and profiles companies such as AZEK Building Products (CPG International, Fypon (Fortune Brands Home & Security), HB&G Building Products, Royal Building Products (Georgia Gulf), Sierra Pacific Industries, Tapco (Headwaters), and Woodgrain Millwork.

Table Of Contents

US Molding and Trim Market

TABLE OF CONTENTS

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
Macroeconomic Environment 5
Demographic Trends 8
Consumer Trends 12
Personal Income and Expenditures 13
Consumer Financing 15
Building Construction 19
Residential Buildings 21
Housing Completions 24
Housing Stock 29
Improvements and Repairs 33
Nonresidential Buildings 35
Improvements and Repairs 38
Historical Market Trends 40
Pricing 43
Regulatory and Environmental Issues 46
Building Codes 46
Industry Standards 48
Environmental Considerations 48
Emissions Regulations 51
Foreign Trade 53
World Molding and Trim Overview 55

III. MATERIALS 57

General 57
Wood 60
Demand by Product 61
Demand by Lumber Type 64
Hardwoods 65
Softwoods 67
Demand by Market 69
Plastic 70
Product Characteristics 71
Demand by Product 72
Demand by Resin Type 74
Polyvinyl Chloride 75
Polyurethane 77
Other Resins 78
Demand by Market 79
Metal 81
Demand by Product 81
Demand by Market 84
Engineered Wood 85
Demand by Product 87
Demand by Market 90
Other Molding and Trim Materials 92
Demand by Product 92
Demand by Material 95
Precast Concrete 96
Fiber Cement 97
Wood-Plastic Composite 98
Synthetic Stone Veneers 99
Plaster 100
All Other Materials 101
Demand by Market 102

IV. PRODUCTS 105

General 105
Molding 108
Product Characteristics 111
Demand by Material 114
Demand by Market 117
Stairwork 119
Product Characteristics 121
Demand by Material 123
Demand by Market 126
Other Molding and Trim Products 128
Product Characteristics 129
Demand by Material 133
Demand by Market 136

V. MARKETS 138

General 138
Residential 141
New 145
Demand by Product 146
Demand by Material 147
Improvement and Repair 148
Demand by Product 150
Demand by Material 152
Housing Type 154
Single-Family 156
Multifamily 159
Manufactured Housing 162
Nonresidential 164
New 169
Demand by Product 170
Demand by Material 172
Improvement and Repair 174
Demand by Product 175
Demand by Material 177
Building Type 179
Institutional 179
Office and Commercial 181
Industrial 184
Other Nonresidential 185

VI. REGIONS 187

General 187
Regional Demographics and Economic Trends 188
Population Patterns 189
Economic Outlook 191
Regional Construction 194
Housing Trends 196
Regional Molding and Trim Demand 199
Northeast 203
New England 206
Middle Atlantic 207
Midwest 208
East North Central 212
West North Central 213
South 214
South Atlantic 218
East South Central 220
West South Central 221
West 223
Mountain 227
Pacific 228

VII. INDUSTRY STRUCTURE 230

General 230
Industry Structure 231
Market Share 236
Wood 238
Plastic 241
Other Materials 246
Vertical and Horizontal Integration 247
Product Development 250
Manufacturing 252
Materials 253
Manufacturing Processes 254
Marketing 256
Distribution 259
Mergers and Acquisitions 261
Cooperative Agreements 264
Company Profiles 268
Aljoma Lumber, see Universal Forest Products
Allied Building Products, see CRH
Alside, see Associated Materials
Associated Materials LLC 269
Atlantic Premium Shutters, see Headwaters
AZEK Building Products, see CPG International
Bright Wood Corporation 272
Builders Edge, see Headwaters
Builders FirstSource Incorporated 274
Cascade Wood Products Incorporated 275
CertainTeed, see Saint-Gobain
CPG International Incorporated 278
Crane Plastics Siding, see Georgia Gulf
CRH plc 283
CW Ohio, see Cascade Wood Products
Del-Tin Fiber, see International Paper
Dinesol Building Products, see Headwaters
Dutch Quality Stone, see Headwaters
Eldorado Stone, see Headwaters
Eovations, see Universal Forest Products
Exterior Portfolio by Crane, see Georgia Gulf
Fortune Brands Home and Security Incorporated 286
Fypon, see Fortune Brands Home and Security
Gentek Building Products, see Associated Materials
Georgia Gulf Corporation 290
Gossen Corporation 294
Hart and Cooley, see Tomkins
HBandG Building Products Incorporated 295
Headwaters Incorporated 298
iLevel by Weyerhaeuser, see Weyerhaeuser
International Paper Company 301
JELD-WEN, see Woodgrain Millwork
Kleer Lumber, see Headwaters
Kroy Building Products, see Ply Gem Holdings
Louisiana-Pacific Corporation 303
Menard Incorporated 305
Midwest Manufacturing, see Menard
Oldcastle Precast, see CRH
Orkla ASA 306
Ply Gem Holdings Incorporated 308
Quanex Building Products Corporation 311
Royal Building Products, see Georgia Gulf
Saint-Gobain 313
Sapa Profiles, see Orkla
Selkirk, see Tomkins
Sierra Pacific Industries 315
SierraPine Limited 316
Stonecraft Industries, see Headwaters
Tapco International, see Headwaters
Temple-Inland, see International Paper
TimberTech, see CPG International
Tomkins Limited 318
Turncraft, see Cascade Wood Products
Turnkey Millwork, see HBandG Building Products
Universal Forest Products Incorporated 320
Weyerhaeuser Company 324
Woodgrain Millwork Incorporated 326

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 8
2 Population and Households 12
3 Personal Consumption Expenditures 15
4 Consumer Financing Environment, 2001-2011 18
5 Building Construction Expenditures 21
6 Residential Building Construction Expenditures 24
7 New Housing Indicators 29
8 Housing Stock by Type 32
9 Residential Improvement and Repair Expenditures 35
10 Nonresidential Building Construction Expenditures 38
11 Nonresidential Building Improvement and Repair Expenditures 40
12 Molding and Trim Historical Market, 2001-2011 42
13 Molding and Trim Pricing deflators 45
14 Molding and Trim Foreign Trade 54

SECTION III -- MATERIALS

1 Molding and Trim Demand by Material 59
2 Wood Molding and Trim Demand by Product 63
3 Wood Molding and Trim Demand by Lumber Type 64
4 Wood Molding and Trim Demand by Market 70
5 Plastic Molding and Trim Demand by Product 73
6 Plastic Molding and Trim Demand by Resin Type 75
7 Plastic Molding and Trim Demand by Market 80
8 Metal Molding and Trim Demand by Product 83
9 Metal Molding and Trim Demand by Market 85
10 Engineered Wood Molding and Trim Demand by Product 89
11 Engineered Wood Molding and Trim Demand by Market 91
12 Other Molding and Trim Material Demand by Product 94
13 Other Molding and Trim Material Demand 95
14 Other Molding and Trim Material Demand by Market 104
1 Molding and Trim Demand by Product 107
2 Selected Molding Products by Type and Material 113
3 Molding Demand by Material 117
4 Molding Demand by Market 119
5 Selected Stairwork Products by Type and Material 123
6 Stairwork Demand by Material 126
7 Stairwork Demand by Market 128
8 Selected Other Molding and Trim Products by Type and Material 132
9 Other Molding and Trim Products Demand by Material 135
10 Other Molding and Trim Product Demand by Market 137

SECTION V -- MARKETS

1 Molding and Trim Demand by Market 140
2 Residential Molding and Trim Demand
by Application, Product, and Material 144
3 New Residential Molding and Trim
Demand by Product and Material 145
4 Residential Improvement and Repair Molding and Trim
Demand by Product and Material 150
5 Residential Molding and Trim Demand by Housing Type 156
6 Single-Family Housing Molding and Trim Demand
by Application and Product 159
7 Multifamily Housing Molding and Trim Demand
by Application and Product 161
8 Manufactured Housing Molding and Trim Demand
by Application and Product 164
9 Nonresidential Molding and Trim Demand
by Application, Product, and Material 168
10 New Nonresidential Molding and Trim Demand
by Product and Material 170
11 Nonresidential Improvement and Repair Molding and Trim
Demand by Product and Material 175
12 Nonresidential Molding and Trim Demand by Building Type 179
13 Institutional Molding and Trim Demand by Product 181
14 Office and Commercial Molding and Trim Demand by Product 184
15 Industrial Molding and Trim Demand by Product 185
16 Other Nonresidential Molding and Trim Demand by Product 186

SECTION VI -- REGIONS

1 Population by Region 191
2 Gross Domestic Product by Region 194
3 Construction Expenditures by Region 196
4 Regional Housing Indicators 199
5 Molding and Trim Demand by Region 202
6 Northeast Molding and Trim Demand by Subregion and Product 206
7 Midwest Molding and Trim Demand by Subregion and Product 212
8 South Molding and Trim Demand by Subregion and Product 218
9 West Molding and Trim Demand by Subregion and Product 226

SECTION VII -- INDUSTRY STRUCTURE

1 US Molding and Trim Sales for Selected Companies, 2011 235
2 Selected Acquisitions and Divestitures 263
3 Selected Cooperative Agreements 266

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Year of Construction of Housing Stock, 2011 33
2 Molding and Trim Market Growth, 2002-2011 43
3 Molding and Trim Pricing Patterns by Material, 2001-2021 45

SECTION III -- MATERIALS

1 Molding and Trim Demand by Material, 2011 59
2 Wood Molding and Trim Demand by Product, 2011 63
3 Plastic Molding and Trim Demand by Product, 2011 74
4 Metal Molding and Trim Demand by Product, 2011 83
5 Engineered Wood Molding and Trim Demand by Product, 2011 90
6 Other Molding and Trim Material Demand by Product, 2011 94

SECTION IV -- PRODUCTS
1 Molding and Trim Demand by Product, 2011 108

SECTION V -- MARKETS
1 Molding and Trim Demand by Market, 2011 140
2 New Residential Molding and Trim Demand by Product, 2011 147
3 Residential Improvement and Repair Molding and Trim
Demand by Product, 2011 152
4 New Nonresidential Molding and Trim
Demand by Product, 2011 172
5 Nonresidential Improvement and Repair Molding and Trim
Demand by Product, 2011 177
SECTION VI -- REGIONS
1 Molding and Trim Demand by Region, 2011 202
SECTION VII -- INDUSTRY STRUCTURE
1 US Molding and Trim Market Share, 2011 238
2 US Plastic Molding and Trim Market Share, 2011 242

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