According to the latest report by IMARC Group, titled “Siding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on siding market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global siding market size reached US$ 97.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 123.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Siding refers to the material applied to the exterior of a building to protect it from the elements, provide thermal insulation, and enhance its appearance. Commonly used siding materials include vinyl, wood, fiber cement, stucco, brick, and stone, each offering different aesthetic and functional benefits. Vinyl siding is particularly popular due to its cost-effectiveness, durability, and low maintenance requirements. It comes in a range of colors and styles, can mimic the look of natural materials, and does not require painting. Wood siding offers a classic appearance and can be customized with different stains and paints, but it requires more upkeep to prevent weathering and decay. Fiber cement siding, composed of wood fibers, sand, and cement, is known for its resilience against fire, insects, and rot, bridging the gap between durability and aesthetic appeal.
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Market Trends:
The growing demand for durable and aesthetically pleasing exterior finishes for buildings is driving the global market. Siding, also known as wall cladding, involves the application of protective material to the exterior side of a wall of a house or other building. Moreover, the residential construction sector is where, homeowners are investing in new siding to improve curb appeal and property value. Additionally, the rising trend of home remodeling and renovation contributes to the market's expansion as owners seek to enhance insulation and reduce maintenance requirements. The development of advanced materials in siding, such as fiber cement, engineered wood, and vinyl, is another significant market driver. These materials offer superior durability, ease of installation, energy efficiency, and low maintenance, making them popular choices over traditional materials, including wood and stone.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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
& S. Cladding (Wales) Limited T/A National Cladding Wales
Revelstone Cape (Pty) Ltd
Wienerberger AG
Siding Market Segmentation:
Our report has categorized the market based on region, material, end use and application.
Breakup by Material:
Fiber Cement
Vinyl
Metal
Stucco
Concrete and Stone
Brick
Wood
Others
Breakup by End Use:
Residential
Non-Residential
Healthcare
Education
Hospitality
Retail
Offices
Others
Breakup by Application:
New Construction
Repair and Maintenance
Breakup by Region:
North America (United States, Canada)
Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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