Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Press Releases Finish Flooring Applications a Bright Spot for Decorative Wood Panels

Finish Flooring Applications a Bright Spot for Decorative Wood Panels

by Corinne Gangloff

April 4, 2022

Cleveland OH, April 4, 2022 – While demand for decorative wood panels will remain flat or decline in most applications by 2024, a new Freedonia Group analysis finds that finish flooring will be an exception, growing over this period:

  • Gains will be driven by the rising use of flooring made from hardwood plywood because of its aesthetic and performance properties, which will lead consumers to specify it over less durable materials.
  • Design trends are increasingly calling for use of hardwood and wood-look flooring throughout the home, including in rooms where carpet and tile once predominated.

Other design trends, however, are having a moderating effect on decorative wood panel demand. The continued popularity of open floor plans is reducing the number of doors installed per home, and interior wood paneling remains relatively unfashionable as a wall covering, with homeowners instead turning to products such as wallpaper and tile to add interest to their wall spaces.

Finish Flooring Applications to Prevent Declines in Decorative Wood Panel Demand

Demand for decorative wood panels is expected to stay mostly flat through 2024. Faster gains will be restrained by:

  • a decline in demand for panels used in doors due to weakness in commercial building construction and the rise in popularity of open floor plans
  • stagnation in cabinets demand due to volatility in the residential market and weakness in construction of the commercial buildings in which these products are most commonly installed, combined with reduction in the amount of particleboard used per cabinet

Preventing declines in decorative wood panels demand will be an increase in their use in finish flooring.

Want to Learn More?

Decorative Wood Panels, now available from The Freedonia Group, presents historical data (2009, 2014, 2018, and 2019) and forecasts for 2020, 2021, 2022, 2024 and 2029 for decorative wood panel demand in current US dollars (including inflation) and in square feet on a 3/8-inch basis. Demand is presented by product and applications.

Products:

  • hardwood plywood
  • particleboard
  • hardboard (also called high density fiberboard, or HDF)
  • medium density fiberboard (MDF)
  • low density fiberboard (softboard)

Applications:

  • cabinets
  • finish flooring
  • doors and windows
  • interior paneling
  • siding

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

The Freedonia Group needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press Contact
  • User Agreement
  • Privacy Policy
  • Site Map

Additional Resources

  • Market Size Resources
  • Lawn & Garden Market Research
  • Roofing Market Research
  • Pet Products Market Research
  • Countertops Market Research
  • Power Tools Market Research
  • Publishing for the PreK-12 Market Research
  • Insulation Market Resaerch
  • Cabinets Market Research
  • Flooring Market Research
  • Pet Supplements Market Research
  • Agricultural Equipment Market Research
  • Open Access Publishing Market Research
  • Silicones Market Research
  • For Legal Inquiries, contact Cohen & Cohen
Copyright © 2025 The Freedonia Group, Inc. All rights reserved.