Demand for plastic molding and trim is expected to rise 6.3% each year until 2020 due to "sustained growth in residential construction, both new and replacement," according to the Molding & Trim in the U.S., 6th Edition, a report published by the Freedonia Group. In addition, the report, announced today, finds that residential building and construction will lead to a rise in engineered wood molding and trim.

Wood trim, however, will still dominate the overall trim and molding market. The Freedonia Group predicts wood molding and trim will grow 5.7% each year until 2020, reaching $5.8 billion that year. Most of these gains will be a result of the commercial construction market, not residential.

The report is available for $5,100 from the Freedonia Group. Find it here.