How Has The Siding Market Size Evolved In Recent Years?
The siding market has seen considerable growth due to a variety of factors.
• The size of the siding market has been consistently expanding over the recent years. It is projected to increase from $103.06 billion in 2024 to $107.26 billion in 2025, representing a compound annual growth rate (CAGR) of 4.1%.
The historic growth of the market can be linked to factors such as residential and commercial building construction, external home refurbishments and remodeling, resistance to weather and durability, preferences in architecture and design, and the development of sustainable and environmentally-friendly siding alternatives.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Siding Market?
The siding market is expected to maintain its strong growth trajectory in upcoming years.
• A significant rise in the siding market size is anticipated in the coming years, with its value projected to hit $132.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.4%.
Several factors contributing to the growth during the forecast period include the rise of energy-efficient and green building codes, the use of smart siding materials for automation, utilization of impact-resistant sidings for harsh weather conditions, personalization of siding designs, the deterioration of existing building infrastructure, and suburban and urban development. The forecast period is also expected to witness key trends such as the emergence of solar-integrated siding for power generation, development of self-cleaning and self-repairing siding materials, increased use of transparent and permeable siding options, prioritization of flexible and lightweight siding materials, sustainability and biodegradability of siding materials, and sidings designed for reducing noise and improving acoustics.
What Are The Essential Drivers Behind The Growth Of The Siding Market?
The siding market is experiencing growth due to the high durability of the materials used and their capacity to improve the visual appeal of a structure. Siding for both new builds and renovations offers several benefits to a building, maintaining its structural integrity and forming a barrier against wood decay induced by water infiltration. Selected forms of siding also possess resistance to moisture and can safeguard against harsh weather conditions and winds of up to 180 mph. Additionally, it can boost the house's potential resale value by enhancing its appearance. A range of siding materials can be tailored to give a building an attractive finish, with added resistance to UV rays to maintain the aesthetic appeal over time.
How Is The Global Siding Market Divided Into Key Segments?
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
Subsegments:
1) By Fiber Cement: Pre-Mixed Fiber Cement Panels, Fiber Cement Boards, Fiber Cement Shingles
2) By Vinyl: Vinyl Siding Panels, Vinyl Shakes, Vinyl Trim and Accessories
3) By Metal: Aluminum Siding, Steel Siding, Copper Siding
4) By Stucco: Traditional Stucco, Synthetic Stucco (EIFS), Pre-Cast Stucco Panels
5) By Concrete and Stone: Concrete Siding Panels, Natural Stone Veneer, Manufactured Stone Veneer
6) By Brick: Full Brick, Brick Veneer, Thin Brick Panels
7) By Wood: Wood Siding Boards, Wood Shingles and Shakes, Engineered Wood Siding
8) By Other Materials: Composite Siding, Reclaimed Wood Siding, Bamboo Siding
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What Trends Are Reshaping The Future Of The Opportunities Market?
The rising adoption of highly insulated sidings in order to cut down on energy consumption from heating and air conditioning systems is currently influencing the siding market. Frequently, these insulated sidings are made of vinyl. Unlike regular sidings, these come pre-equipped with a layer of foam insulation, eliminating any empty spaces underneath the vinyl layer and enhancing the rigidity of the setup, thereby enhancing its resistance to impacts. What's more, highly insulated sidings assist in maintaining uniform temperatures throughout a house. Also, a well-insulated exterior can significantly decrease the need for indoor heating during winter months, leading to considerable energy savings, including preventing heat leakages through the roof and openings such as windows, doors, and skylights, which results in savings on indoor cooling expenses. Furthermore, walls insulated in this way can also help dampen noise, making it an ideal solution for residential buildings situated on busy streets.
Who Are the Key Players in the Siding Market?
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.
What are the Regional Insights into the Siding Market?
Asia-Pacific was the largest region in the siding market in 2024. 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.
