Global Crown Moulding Market Overview:
The Crown Moulding is a decorative strip made of Styrofoam that is placed on the part of the wall connected to the ceilings. Crown Moulding market has high growth prospects due to its high resistant to rotting, insect damage and even moisture. Factors such as increasing demand of prefabricated prefinished volumetric construction (PPVC) coupled with rising consumer spending on residential and commercial finishing and decoration will provide a positive scope for the product penetration during the forecasted timeframe. Rising popularity of household bumpy crown and casing in the developing countries including India, South Africa, and Brazil etc. owing to rising disposable income will further contribute to the market expansion.
Market Drivers
- Increase in Urbanization and Industrialization
- Upsurge Demand for Interior and Exterior Cornice of Doors and Window Hoods.
Market Trend
- Value-Oriented Consumers
- Restoration and Renovation of Building
Restraints
- High Cost Associated with Crown Moulding.
- Environmental Pollution due to Toxicity of Material
Opportunities
- Rising Demand for Polyurethane Materials
- Growing Demand for Decorative and Elegant Products
Challenges
- Materials are Prone to Denting and Not Durable to Extreme Heat and Flames.
- Lack of Awareness among Customers
Competitive Landscape:
In the Crown Moulding market, it has been observed that most of the manufacturing companies are providing in-mold decoration with single decorative films and endless decorative films for construction applications. It also provides multiple designs and functions for metallic-pigments, metalized areas, and shielding effects. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are House of Fara (United States), Focal Point (United States), Alexandria (United States), NMC (United Kingdom), Canamould (Canada), RowlCrown (United States) and American Pro Décor (United States). Additionally, following companies can also be profiled that are part of our coverage like Ekena Millwork (United States), Metrie (Canada), Woodgrain Millwork (Chile), Ornamental Moulding (United States) and RapidFit (Belgium). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Crown Moulding market by 2024.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Crown Moulding market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Crown Moulding market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Crown Moulding Manufacturers, Crown Moulding Provider, End-Use Market Participants of Different Segments of Crown Moulding, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.