Crown Moulding Market Size, Share, Growth and Industry Analysis, By Type (Polyurethane, Urethane, MDF, Wood, Polystyrene and Others), By Application (Ceiling, Door and Window and General Purpose), and Regional Forecast to 2032

CROWN MOULDING MARKET REPORT OVERVIEW

The global Crown Moulding market size was USD 7.857 billion in 2023 and the market is projected to touch USD 12.48 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period.

There is however a clear realization that Crown Moulding is used in most of the architectural designs used in buildings to enhance appearance of walls, ceilings, doors and even windows. Most commonly, it is used in residential, commercial and in the renovation of these two sectors projects. The principal companies operating in the Crown Moulding market include Metrie, Canamould, and Woodgrain Millwork; however, these companies account for only 2% of the market’s market share and are considered leading.

Region wises the largest market share is of Europe with 31.58% then comes North America and China with nearly 44.37%. Wood segment is the largest material type segment in the Crown Moulding market where it holds around 25% market share. Of all the applications, ceilings are most widely used followed by Crown Moulding which is also mostly used in doors and windows.

GLOBAL CRISES IMP ACTING CROWN MOULDING MARKETCOVID-19 IMPACT

Crown Moulding Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Hence, the COVID-19 pandemic impacted the Crown Moulding market most significantly across the mentioned period. There was a decreased production capability because of temporary shutdowns that came as a result of the implementation of the lockdown measure as well as the implementation of strict health protocols. Moreover, the unhinging of the global supply chain also had a bearing on such basic materials as the woods and polyurethane with a resultant effect on production schedules.

Latest trends

"The huge demand for home renovations is one major factor fostering the growth"

The huge demand for home renovations is one major factor fostering the growth of the Crown Moulding market and increasing trend for interior design makeovers. This is because more people are now taking interest in making their home interior look more artistic and thus there are more developments like Crown Moulding. Furthermore, the market is also expected to experience an upliftment in the future because of increased use of easily manageable materials such as polyurethane and MDF.

Market Segmentation

 By Type

• Polyurethane: More and more, polyurethane is chosen for this material is light and has great wearing properties at minimal cost and easy application. It is also a moisture-resistant product which is friendliness in environments with high humidity.
• Urethane: That is the reason why urethane remains popular where the working conditions require high impact strength or wear resistance. It comes with a guarantee for durable performance especially in offices, hospital or any busy center.
• MDF (Medium Density Fibreboard): There are some benefits of MDF over wood which are easy to work and paints and also it is cheaper material. It is mostly preferred for interior designs because it is also cheaper than the other forms of flooring in the market.
• Wood: The most popular material is traditional wood as it provides the best and elegant look to the furniture. It is most commonly applied in various interior designs of classy homes.
• Polystyrene: A cheap and easy to work with material, polystyrene is mainly applied in Do-It-Yourself projects and small constructions.
• Others: This category consist of composite materials and new products that have a combination of aspects to give higher performance.

 By Application

• Ceiling: The most frequent use of Crown Moulding is as a finishing touch to ceilings especially in high end residences and business buildings.
• Door and Window: Improves the molding of doors and windows to bring out a better finishing of the walls from the frame.
• General Purpose: Application is versatile and can be used on baseboards, chair rails as well as other custom architectural designs.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions

 Driving Factors

 "Rising Construction Activities Fuelling Crown Moulding Market"

Cause and Effect: Global construction growth is being boosted by the ever-rising pace of urbanization Urban construction has been on the rise across the globe especially in developing countries and this has been attributed to high rate of urbanization. This has affected the Crown Moulding market in a way because it is applied in both the new construction and the remodelling projects. When people get more involved in the progress, population of cities expand and, therefore, the need in ornamented and practical interiors makes use of Crown Moulding.

 "Technological improvements in the production line contributing to growth of the market"

Technological Advancements Boosts Product Supply The manufacturing process has also received technological advancements that help in the production of better Crown Moulding products. With the help of automation and new improved 3D printing technologies the production lines of molding have improved more in its quality with more accuracy and thus has come down with the prices which can be afforded by the common people. This is believed to help in the growth of Crown Moulding market and is expected to have a positive influence on the Crown Moulding market in the forecast period.

Restraining Factor

"Increase and decrease in in raw material affecting the company’s profit"

High cost of raw materials such as wood and polyurethane: This is another factor that is expected to limit the Crown Moulding market as the price of raw materials is unpredictable and it is likely to affect the profitability of the market. These price fluctuations can impact on the average cost of production and hence bring down the profit level of manufacturers. Also important, the process of purchasing materials of high quality at reasonable prices is still problematic for the market participants.

Opportunity

"Some of the trends that have been noted to be pushing the growth of the market"" "

Higher demand of home improvement projects is expected to provide a high growth for Crown Moulding market as there is higher preference for home renovation and interior design makeovers. With homeowners spending more money on home improvement, the need for aesthetic, and versatile Crown Moulding products rises. This trend not only fosters market growth but also influence manufacturers in the industry to come up with variety of products to suit the different needs of consumers.

Challenge

"High costs of raw materials affect the company’s profit margins through the following ways"

Unpredictable cost of raw components hinders market stability The Crown Moulding market faces a test in that the prices of raw materials such as wood and polyurethane are unpredictable. Such price fluctuations may result to high costs of production which has a negative effect on the profitability of the manufacturers. Fluctuations in the prices of raw materials are an undesirable aspect in most industries because uncertainty in supply and demand has negative effects on the growth of industries and market players’ pricing structures.

Market Regional Insights

• North-America

North America is one of the largest markets of Crown Moulding due to the strong Construction Industry in the United States and the consumers’ high spending on home renovations. The demand is greatest in luxury and high-end residential projects, which has aided the market’s development.

• Europe

Europe continues to dominate the regional Crown Moulding market with more than 30% market share. The region has a rich tradition of architectural design and a tradition for classical interior designs which are the main reasons for the permanent demand for decorative mouldings. Even the European countries are gradually trending towards the use of sustainable materials for similar purposes in line with the general sustainability objectives.

• China

In Asia-Pacific region Crown Moulding has a market in China, due to the economic growth, in particular an increase in the construction of houses and multi-story buildings. There is today a growing emphasis by clients on enhancing and affording new and even older structures a sleek touch by putting up interiors and fitting new moulds which in turn is helping drive up the demand for Crown Moulding products.

Key Industry Players

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

It is imperative to note that the Crown Moulding market is a concentrated market with a number of big players controlling a small market share. Several firms including Metrie, Canamould and Woodgrain Millwork are some of the industry leaders famous for their high-quality products. These firms centre their strategies on product differentiation and increasing their market share in order to maintain competitiveness. Other industry majors including NMC and Ornamental Moulding are also not behind in their strategic undertakings to gain better market share through affordable solutions.

List of Top Crown Moulding Companies

• Metrie (Canada)
• Ekena Millwork (USA)
• Alexandria (USA)
• RapidFit (USA)
• American Pro Décor (USA)
• Canamould (Canada)
• RowlCrown (USA)
• Focal Point (USA)
• House of Fara (USA)
• Woodgrain Millwork (USA)
• NMC (Belgium)
• Ornamental Moulding (USA)

Key Industry Development

Jan 2024: The Crown Moulding market has seen considerable development in the production technology and the type of materials used. Other developments are the use of recycled wood and biodegradable polystyrene for production, in response to a growing market of green consumers. In addition, manufacturers are diversifying their product portfolios to incorporate products that can be customized as per the customer’s desire for mouldings. This trend is expected to improve the satisfaction of the customers and thus expand the market in the subsequent years.

Report Coverage

This report gives a comprehensive outlook of the Crown Moulding industry in terms of sales volume, revenue and pricing. Regionally it categorizes the market by type and application, which provides a detailed analysis of the market. It also analyses the competitive structure of the industry together with the companies operating within this industry the mergers and acquisitions and the new products that are being developed. Furthermore, it gives insight into the prospects and risks in the market to the various participants so as to assist the various stakeholders in their decision-making process.

Moreover, the report includes the industrial chain analysis of upstream and downstream industry as well as the manufacturers. By doing this, they are able to offer a full picture of the market ecosystem. The historical data and future projections are useful for firms to draw their development policies in the Crown Moulding market.