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Expanding Siding Market: Promising Growth, Innovative Trends, and Key Players
Expanding Siding Market
What Is The Projected Market Size Of The Global Siding Market And Its Growth Rate?
• The present siding market size has observed steady growth. The market, valued at $103.06 billion in 2024, is expected to reach $107.26 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.1%.
• Driven by factors such as residential and commercial construction, exterior home renovation and remodeling, weather resistance and durability, architectural design preferences, and sustainable and eco-friendly siding options, the market shows potential for impressive growth.
• The siding market is estimated to further increase to $132.37 billion in 2029 with a CAGR of 5.4%, influenced by energy-efficient and green building codes, smart siding materials, impact-resistant siding for severe weather, siding customization, aging building infrastructure, and urbanization.
What Is Driving The Growth In The Siding Market?
Growth within the siding market is significantly driven by the features of high durability and aesthetic enhancement that siding offers for buildings. Utilized in both new builds and repairs, the structural integrity of buildings is greatly improved through the use of siding which protects against water damage and decay. Siding types offer weather resistance and can withstand wind speeds of up to 180 mph. In terms of resale value, siding enhances the aesthetics of a building and, with certain materials being resistant to UV rays, buildings retain their aesthetic appeal over time.
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Who Are the Key Players Driving Siding Market Growth?
• 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.
What Are The Key Trends In The Siding Market?
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
What Are The Segments Of The Global Siding Market?
The global siding market is segmented by:
• Material: Fiber Cement, Vinyl, Metal, Stucco, Concrete And Stone, Brick, Wood, Other Materials
• Application: New Construction, Repair And Maintenance
• End-User: Residential, Non-Residential, Healthcare, Education, Hospitality, Retail, Offices, Other End-Users
Which Region Leads The Siding Market?
Asia-Pacific was the largest region in the siding market in 2024 and is predicted to maintain fastest growth during the forecast period. Other covered regions in the siding market include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Siding Market Global Market Report?
- Market Size Analysis: Analyze the Siding Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Siding Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Siding Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Siding Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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