Siding Market Size, Share, Growth, Trends and Forecast 2020-2025

Press Release:

Global Siding Market to Reach US$ 104.7 Billion by 2024, Fostered by Expanding Hospitality Sector

*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Siding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global siding market reached a value of US$ 86.3 Billion in 2019. Siding refers to the material used for cladding, covering and protecting the exterior walls of a building. Some of the common siding materials include fiber cement, vinyl, bricks, stucco, aluminum, asphalt and other composite materials. They are applied to the roof and walls in various shapes and styles such as clapboard, shingles, shakes, verticals and panels depending upon the requirements of the user. Siding improves the aesthetic appeal of a structure while protecting it against extreme weather conditions and fire hazards, along with providing thermal efficiency for maintaining the temperature inside the building.

The growing number of residential and commercial construction projects across the globe is the key factor driving market growth. There is a rising demand for durable siding materials in the construction industry, which can withstand weathering and resist chemical exposure and deterioration. Furthermore, the trend of using combined siding materials is also gaining traction, wherein different siding materials with varying textures and properties are being utilized that add a unique aesthetic value to the building. For instance, stone and wood are combined to give contrasting colors and a vibrant visual effect to the complex. In addition to this, the advent of boutique hotels equipped with ultra-luxury features and services, along with the renovation of existing hotels, has boosted the demand of the siding products. Moreover, improving distribution channels and the availability of a wide range of alternatives have enabled the vendors to expand their consumer base and cater to the diverse requirements. Other factors, such as government initiatives for the development of public infrastructure and the introduction of green siding materials, are also expected to drive the market further. Looking forward, IMARC Group expects the market to reach a value of US$ 107.9 Billion by 2025, registering a CAGR of around 3.8% during 2020-2025.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Material:
- Fiber Cement
- Vinyl
- Metal
- Stucco
- Concrete and Stone
- Brick
- Wood
- Others
Market Breakup by End Use:
- Residential
- Non-Residential
  - Healthcare
  - Education
  - Hospitality
  - Retail
  - Offices
  - Others
Market Breakup by Application:
- New Construction
- Repair and Maintenance
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Boral Limited, Georgia Pacific Vinyl Siding, James Hardie, Kingspan, Nichiha, Louisiana Pacific, Alumasc, Döcke Extrusion Co. Ltd., Ply Gem, Knauf, ETEX Group , Lixil Group Corporation, ROCKWOOL, National Cladding, Revelstone, Wienerberger, etc.

Key Questions Answered in This Report:

How has the global siding market performed so far and how will it perform in the coming years?
What are the key regional markets in the global siding industry?
What is the breakup of the market based on the material?
What is the breakup of the market based on the end use?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global siding industry?
What are the key driving factors and challenges in the global siding industry?
What is the structure of the global siding industry and who are the key players?
What is the degree of competition in the global siding industry?