The global siding market size reached US$ 93.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 120.8 Billion by 2027, exhibiting a growth rate (CAGR) of 4.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global siding market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on material, end use and application.
Breakup by Material:
- Fiber Cement
- Concrete and Stone
Breakup by End Use:
Breakup by Application:
- New Construction
- Repair and Maintenance
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
The report has also analyzed the competitive landscape of the market with some of the key players being Boral Limited, Georgia-Pacific Wood Products LLC, James Hardie Building Products Inc., Kingspan Group, Nichiha USA Inc., Louisiana-Pacific Corporation, Döcke Extrusion LLC, Alumasc Group PLC, Ply Gem Industries Inc., Knauf Gips KG, Etex Group, Lixil Group Corporation, ROCKWOOL Group, C. & S. Cladding (Wales) Limited T/A National Cladding Wales, Revelstone Cape (Pty) Ltd, and Wienerberger AG, etc.
|Base Year of the Analysis
||Material, End Use, Application, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||Boral Limited, Georgia-Pacific Wood Products LLC, James Hardie Building Products Inc., Kingspan Group, Nichiha USA Inc., Louisiana-Pacific Corporation, Döcke Extrusion LLC, Alumasc Group PLC, Ply Gem Industries Inc., Knauf Gips KG, Etex Group, Lixil Group Corporation, ROCKWOOL Group, C. & S. Cladding (Wales) Limited T/A National Cladding Wales, Revelstone Cape (Pty) Ltd, and Wienerberger AG
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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 has been the impact of COVID-19 on the global siding industry?
- 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?