Press release
Siding Market Expected to Reach USD 86.63 Billion by 2029, with 4.4 % CAGR
Siding Market
Report Scope: The comprehensive Siding Market report offers a detailed analysis of market trends, segmentation by material types, and regional insights. It delves into the dynamics, drivers, restraints, and opportunities shaping the siding industry.
Research Methodology: The research is conducted through a combination of primary data collection and trusted secondary sources, presenting a reliable and well-rounded perspective on the market dynamics.
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What are Siding Market Dynamics?
Drivers: The surge in residential building development worldwide is a primary driver propelling the demand for siding materials. Rising infrastructure projects in various countries also contribute to the market's growth. Increased construction demand for weather-resistant siding materials and those capable of withstanding chemical exposure further stimulate the market.
Restraints: While the siding market witnesses growth, a lack of awareness about siding materials remains a significant challenge. This information gap could hinder the sector's progress.
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Siding Market Segmentation?
by Material
Fiber Cement
Wood
Vinyl
Aluminium
Others
The siding market is segmented based on material into vinyl, wood, aluminium, fibre cement, and others. Due to factors including the growing use of fibre cement by large construction firms globally, the fibre cement segment is currently dominating the market. Additionally, fibre cement's aesthetic effect on residences and its widespread application in office buildings to achieve opulence in building appearances are what are fueling the market's expansion. The main characteristic of fibre cement that lowers the chance of starting a fire in the walls, even if it has become caught in the wooden framework, is the material's lack of combustibility.
by End User
Non Residential
Residential
by Type
Vertical board siding
Horizontal lap siding
Clapboard
Shingles
Others
Who are Siding Market Key Players?
1. Alumasc Group Plc 2. Associated Materials, Inc. 3. Alside, Inc. 4. Gentek Building Products Inc. 5. BlueScope 6. Boral Limited 7. Certain Teed Corporation 8. Designer Panel Systems 9. Etex 10.Forterra Building Products Limited 11.Georgia-Pacific Corporation 12.James Hardie Industries PLC 13.Kaycan Ltd. 14.Kingspan Panels 15.LIXIL Group Corporation 16.Louisiana-Pacific Corporation 17.NCI Building Systems 18.American Building Components 19.Metal Building Components Inc. 20.National Cladding Wales Ltd. 21.Nichiha Corporation 22.Palagio Engineering Srl 23.Peter L. Brown Co. 24.Ply Gem Holdings, Inc. 25.Royal Building Products
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Regional Insights:
According to the Associated General Contractors of America, the US region experiences a 12% YoY increase in siding demand, attributed to enhanced building quality and the adoption of new materials. This trend, along with rising incomes, contributes to the growth of the siding industry. Various siding materials, including wood, fiber, and plastic, present diverse options, further driving market expansion.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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