Siding Industry Outlook 2025-2029: Market Set to Cross $129.79 Billion Milestone

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How Large Will the Siding Market Size By 2025?
In the past few years, there has been a steady increment in the siding market size. The forecast projects a growth from $103.06 billion in 2024 to $106.29 billion in 2025, marking a compound annual growth rate (CAGR) of 3.1%. Factors such as residential and commercial construction, external home refurbishment and remodeling, weather resistance and durability, architectural and design inclinations, along with sustainable and eco-friendly siding choices have spurred the growth in the historic timeline.

How Big Is the Siding Market Size Expected to Grow by 2029?
Projected to witness significant progress in the coming years, the siding market is set to scale up to $129.79 billion by 2029, escalating at a compound annual growth rate (CAGR) of 5.1%. The principal components influencing this projected growth in the forecast period include energy-efficient and eco-friendly construction codes, intelligent siding materials that aid automation, siding structures that can withstand harsh weather conditions, personalization and customization of siding, an aging building infrastructure, and the surge in urban and suburban development. The primary advancements in the forecast period encompass siding integrated with solar for power generation, siding materials with self-repair and self-cleaning properties, siding options that are transparent and see-through, light-wight and flexible siding materials, siding materials that are sustainable and biodegradable, and siding with noise reduction and acoustic features.

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Which Key Market Drivers Powering Siding Market Expansion and Growth?
The growth of the siding market is being driven by its high durability and its ability to improve the visual appeal of structures. The use of siding, whether for new projects or for refurbishing, enhances different aspects of a structure. It contributes to a building's structural integrity by providing protection from issues like water damage that may cause wood to rot. Some siding types also possess resistance to moisture or provide a shield against severe weather conditions, even resisting winds up to 180 mph. Additionally, it can enhance the house's resale value through its aesthetic enhancement. Various siding materials can be personalized to provide a decorative finish to a structure. These materials can also be UV-resistant, ensuring a visually attractive building over time.

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What Are the Key Trends Driving Siding Market Growth?
The siding market is being molded by the rising utilization of sidings which offer good insulation, leading to decreased energy usage through heating and cooling systems. Vinyl sidings are typically the type used when seeking good insulation. Unlike conventional sidings, these come equipped with a pre-fitted layer of insulating foam. This eradicates any voids beneath the vinyl layer, augmenting the stiffness of the fitting and thus, improving impact endurance. Also, highly insulated sidings assist in maintaining a consistent temperature throughout the residential property. A well-insulated exterior can also lower the need for indoor heating during colder months, resulting in significant energy conservation, even impacting the roof and openings like windows, front doors, and skylights by preventing thermal leakage, ultimately leading to savings on indoor cooling expenses. Moreover, insulated walls also serve as an effective noise barrier, making it an ideal choice for residences in high-traffic areas.

What Are the Emerging Segments in the Siding Market?
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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Siding Industry?
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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