In recent white papers, Freedonia Group outlines effects of U.S. tariffs on wood industry supply chains. Freedonia's John Sherwin addresses tariffs at the 2019 Executive Briefing Conference, April 14-16 in San Jose.
U.S. demand for decorative laminates is expected to rise 4.1% per year, reaching 11.9 billion square feet in 2018, with cabinets and furniture the two largest markets, according to The Freedonia Group.
US demand for wood-plastic composite and plastic lumber is expected to rise 9.8 percent annually to $5.5 billion in 2018, creating a market for 2.6 billion pounds of plastic. A rebound in new housing completions from a low 2013 level and gains in residential improvement and repair expenditures will generate growth in demand.