Siding Market: Major Trends Reshaping the Future of the Industry

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What Will the Siding Industry Market Size Be by 2025?
The market size for siding has seen consistent growth in the past few years. It is anticipated to rise from $103.06 billion in 2024 to reach $107.26 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.1%. Factors contributing to this growth during the historic period include residential and commercial building activities, exterior home refurbishments and renovations, resilience to weather conditions, architecture and design inclinations, and the surge in demand for sustainable and environmentally friendly siding solutions.

What's the Long-Term Growth Forecast for the Siding Market Size Through 2029?
In the coming years, the siding market size is projected to witness robust growth, increasing to $132.37 billion in 2029, with a compound annual growth rate (CAGR) of 5.4%. The expected growth during the forecast period can be credited to factors such as energy-efficient and green building codes, smart siding materials designed for automation, impact-resistant siding suitable for harsh weather conditions, personalized siding customization, an ageing building infrastructure, and urban and suburban expansion. Noteworthy trends for the forecast period include solar-integrated siding for power generation, self-cleaning and self-repairing siding materials, transparent siding options, flexible and lightweight siding materials, sustainable and biodegradable siding materials, and noise-reducing, acoustically-designed siding.

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What Are the Key Growth Drivers Fueling the Siding Market Expansion?
The siding market is enjoying growth due to its high durability and the ability to enhance the beauty of edifices. Siding, whether for new constructions or repairs, has the power to optimise numerous aspects of a building. It contributes to the structural solidity of a construction by protecting against water damage that can cause timber to rot. In addition, certain siding types come with the advantage of being moisture-resistant, or provide a shield against harsh weather conditions, tolerating winds up to 180 mph. Furthermore, it has the potential to raise the resale value of a property by enhancing its aesthetic appeal. Assorted siding materials can be tailored to provide an appealing finish to a structure, and can also resist UV rays, translating to a visually pleasing building in the long term.

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What Are the Key Trends Driving Siding Market Growth?
The trend of utilizing sidings with high insulation to curb the energy usage via heaters and air conditioning units is influencing the siding market. Typically, vinyl sidings are well-insulated sidings. Such sidings, unlike their standard counterparts, feature a built-in layer of foam insulation, which removes the empty spaces beneath the vinyl layer and aids in increasing the rigidity of the installation, eventually enhancing the impact resistance. Additionally, effective insulation in sidings contributes to an even temperature distribution across the home. Furthermore, a properly insulated exterior reduces the necessity for indoor heating during winter, resulting in significant energy savings, involving the roof and fenestrations (including windows, entrance doors, and skylights) in preventing heat leaks, eventually cutting down on indoor cooling expenses. Moreover, insulated walls also offer noise reduction, making them ideal for residential buildings located on bustling streets.

How Is the Siding Market Segmented?
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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Which Companies Are Leading the Charge in Siding Market Innovation?
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.

Which Regions Are Leading the Global Siding Market in Revenue?
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.

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