According to The Freedonia Group, home organization products and modular units saw a boost during the pandemic as DIY projects increased.
Countervailing duties on plywood and softwood, tariffs on steel and aluminum, and other panel product restrictions are having a profound impact on U.S. cabinetry manufacturers.
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.
Demand for wood stain is forecast to rise 4.3 percent per year to $1.7 billion in 2020, say Cleveland-based researchers Freedonia group.
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.
By Alex Keown
A new report projects that plastic windows and doors will continue to increase market share at the expense of wood and metal.