Cleveland, Ohio - In the US market for moulding and trim, market researchers the Freedonia Group Inc. sees demand rising to $12 600 million by 2011, supported by healthy growth in new non-residential construction - in the office and commercial sectors.
In 2006, polyurethane products represented some 26 percent by value, or $301 million, of the US market for moulding and trim in 2006, and this is predicted to grow to $390 million in 2011 - annual growth of 5.3 percent - and to $535 million by 2016, according to a new report from Cleveland-based Freedonia.
The total plastics moulding and trim market was put at $1157 million in 2006, predicted to reach $2010 million by 2016. PVC currently has a 38 percent share of the moulding/trim plastics market, which will rise slightly to 39 percent by 2016. PU's share by value that year will be 26.6 percent, Freedonia indicates.
Plastics share of the total moulding/trim business in the US will be 15.3 percent by 2016.
With the moulding and trim markets heavily dependent on the residential sector, an expected decline in building new single-family homes to 2011 will "significantly hamper growth" and make aftermarket and home-improvement sales more important, Freedonia points out.
Freedonia said that polyurethane mouldings - in use for more than 30 years - are increasingly being used in wall moulding and door and window casement applications. The material can be moulded into an endless array of intricate shapes; can be cut, drilled or sanded like wood; and can either be painted or pre-finished in a variety of ways, including wood-grain finishes, says the company.
The study is available for $4500 from Freedonia www.freedoniagroup.com email [email protected]