According to the latest report by IMARC Group, titled “Siding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, 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$ 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.
Siding is a material used in the exterior wall of a building to protect it from sun, wind, and rain. It is also used to prevent heat loss and to maintain the temperature inside the building. It refers to wood units or items that look like wood used on dwellings. Some examples of siding are clapboard, horizontal lap siding, vertical board siding, and shingles. The increasing product demand for siding materials that can withstand chemical exposure and be utilized as weatherproofing materials in the construction industry is strengthening the market growth.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Siding Market Trends:
The global market is majorly driven by the significant expansion of the residential sector. In line with this, the increasing infrastructure development activities are positively influencing the market across the globe. Apart from this, the growing popularity of siding materials to enhance the appearance of commercial buildings is creating a positive outlook for the market. Moreover, the widespread availability of siding materials, such as wood, fiber, plastic, and others, is propelling the market growth. Additionally, the growing renovation activities and the introduction of green siding materials are anticipated to drive the market further.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Boral Limited
- Georgia Pacific Vinyl Siding
- James Hardie
- Louisiana Pacific
- Döcke Extrusion Co. Ltd.
- Ply Gem
- ETEX Group
- Lixil Group Corporation
- National Cladding
Siding Market Segmentation:
Our report has categorized the market based on region, material, end use and application.
Market Breakup by Material:
- Fiber Cement
- Concrete and Stone
Market Breakup by End Use:
Market 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
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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