Press release
Building Durability And Aesthetics Driving Growth In The Siding Market: An Emerging Driver Transforming The Siding Market Landscape
Siding
What Is the Projected Growth of the Siding Market?
There has been a consistent increase in the size of the siding market in the past few years. The market is projected to expand from a worth of $103.06 billion in 2024 to $107.26 billion in 2025, with a compound annual growth rate (CAGR) of 4.1%. Factors contributing to this growth during the historic period include residential and commercial building construction, exterior house renovation and remodeling, the siding's ability to withstand weather conditions and its durability, architectural and design inclinations, as well as sustainable and eco-friendly siding alternatives.
There is an anticipation for the siding market size to experience robust expansion in the upcoming years, with an estimated high of $132.37 billion by 2029 and a compound annual growth rate (CAGR) of 5.4%. The growth within this forecast period can be linked to factors such as energy efficiency and environmentally-friendly building codes, automation-friendly siding materials, siding suitable for harsh weather conditions, customization in siding designs and the growing ageing building infrastructure, urbanization as well as suburban development. Solar-integrated siding for power generation, self-maintaining siding materials, transparent and visible siding alternatives, flexible and lightweight siding materials, sustainable and biodegradable siding materials, and siding with enhanced noise reduction and acoustics are the top trends anticipated within this forecast period.
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What Are the Different Siding Market 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 Are the Primary Drivers Shaping the Siding Market?
The growth of the siding market is being propelled by its high durability and the potential to augment the visual appeal of structures. Siding used in both new establishments as well as repairs greatly enhances certain aspects of a building. The use of siding aids to sustain the structural firmness of a building and defends it from water damage that might lead to the wooden parts of a building to decay. Some siding varieties are even resistant to dampness, safeguarding the house from extreme weather conditions, and can withstand winds up to 180 mph. Additionally, it can potentially escalate the resale value of a house through improving the visual appeal, a variety of siding materials which can be personalized to give a building an attractive finish. These materials can also be UV resistant, ensuring the building maintains an attractive appearance over time.
Which Companies Are Leading 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 Major Trends Shaping the Siding Market?
The growing trend of using well-insulated sidings to lessen the use of air conditioning and heating systems is currently steering the direction of the siding market. The most common type of these well-insulated sidings are vinyl sidings, which are different from regular sidings as they come with an already-installed layer of insulating foam. This feature eliminates any hollow spaces beneath the vinyl layer and adds to the rigidity of the installation, thereby enhancing its resistance to impact. These well-insulated sidings play an important role in maintaining consistent temperatures in a house. A well-insulated housing exterior also lessens the need for indoor heating during winter months, ultimately result in significant energy savings. This home exterior also contributes to reducing heat leaks from the roof and fenestrations (which include windows, doors, and skylights), bringing down the costs of indoor cooling. Plus, insulated walls can also serve as a form of noise reduction, making it ideal for residential buildings located on busy streets.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Siding Market?
2. What is the CAGR expected in the Siding Market?
3. What Are the Key Innovations Transforming the Siding Industry?
4. Which Region Is Leading the Siding Market?
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