Overview and Scope
Siding refers to protective materials attached to the exterior of a wall. Siding helps protect against exposure to elements, prevents heat loss, and helps improve the aesthetic of a building. Siding improves the aesthetic appeal of a building, along with properties such as durability and safety from extreme weathering has also driven the residential sector.
Sizing and Forecast
The siding market size has grown strongly in recent years. It will grow from $93.88 billion in 2023 to $98.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to residential and commercial construction, exterior home renovation and remodeling, weather resistance and durability, architectural and design preferences, sustainable and eco-friendly siding options..
The siding market size is expected to see steady growth in the next few years. It will grow to $119.58 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to energy-efficient and green building codes, smart siding materials for automation, impact-resistant siding for severe weather, siding customization and personalization, aging building infrastructure, urbanization and suburban development.. Major trends in the forecast period include solar-integrated siding for energy generation, self-cleaning and self-repairing siding materials, transparent and see-through siding options, flexible and lightweight siding materials, sustainable and biodegradable siding materials, siding with noise reduction and acoustics..
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Segmentation & Regional Insights
The siding market covered in this report is segmented –
1) By Material: Fiber Cement, Vinyl, Metal, Stucco, Concrete And Stone, Brick, Wood, Other Materials
2) By Application: New Construction, Repair And Maintenance
3) By End-User: Residential, Non-Residential, Healthcare, Education, Hospitality, Retail, Offices, Other End-Users
Asia-Pacific was the largest region in the siding market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the siding market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The high durability and ability to enhance the aesthetic appearance of buildings are driving the growth of the siding market. Siding for new construction or repair helps improve various factors of a building. Siding can help ensure the structural integrity of a building, protecting water from causing the wood in a building to rot. Certain types of siding are also resistant to moisture or offer protection from harsh weather elements and wind up to 180 mph. Furthermore, it can help increase the resale value of a house by improving the aesthetic, various siding materials can be customized to offer an aesthetic finish to a building. These materials can also be resistant to UV rays, offering an aesthetic looking building in the long run
Key Industry Players
Major companies operating in the siding market include Compagnie de Saint-Gobain S.A., Westlake Chemical Corporation, Louisiana-Pacific Corporation, Etex Group SA, Boral Limited, James Hardie Industries PLC, Nichiha Corporation, Cornerstone Building Brands, SHERA Public Company Limited, Döcke Extrusion Co. Ltd., Georgia-Pacific LLC, Kingspan Group, Ply Gem Industries Inc., LIXIL Group Corporation, Saint-Gobain S.A., DuPont de Nemours Inc., Tata Steel Limited, Arconic Corporation, Alumasc Group plc, ROCKWOOL International A/S, National Cladding, Revelstone, Wienerberger AG, Knauf Gips KG, Carea Community Health Centre, Al Ghurair Group, Owens Corning, CertainTeed Corporation, Kaycan Ltd., Alside Inc., BlueScope Steel Limited, Gentek Building Products Inc., Designer Panel Systems Pty Ltd., Forterra Building Products Limited, Norandex Building Materials Distribution Inc.
The siding market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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