Global Residential Siding
Global demand for residential siding is forecast to rise 1.0% annually through 2024 to 3.9 billion square meters. Weakened global residential building construction activity due to the COVID-19 pandemic will cause siding demand to decline in 2020, but the market is expected to rebound in 2021 as case numbers fall, economies reopen, and building activity returns to normal levels. Through 2024, gains will be supported by:
. rising new home construction, especially in developing Africa/Mideast and Central and South American countries where the share of homes built with siding is growing
. increasing personal incomes, which allow for greater spending on renovation projects such as siding replacement
. ongoing introduction of affordable fiber cement and vinyl siding products, which can be made to resemble high-end materials (e.g., wood, stone) while providing installation and performance advantages
Scope of the Report
This study analyzes global demand for residential siding. Historical demand (2009, 2014, and 2019) and forecasts for 2024 and 2029 are provided for residential siding demand by product and market in square meters. Residential siding demand is also provided on a country-by-country basis (in square meters), broken out by both product and market (new and improvement and repair). Demand in value terms is shown at the manufacturers’ level and excludes distributor and retailer markups.
The siding products included are:
. brick and tile
. stucco and exterior insulation and finish systems (EIFS)
. concrete and stone
. metal (metal panels, steel, and aluminum)
. fiber cement
. vinyl
. wood (engineered and shingles/shakes)
. other products (including polypropylene and other non-vinyl plastics, wood-plastic composites, cast acrylic, spandrel glass, straw, and mud)
Products excluded from the scope of this study include primary loadbearing walls (of brick, concrete block, poured concrete, or stone) and vision glass curtain wall. Secondary products such as soffit and trim are also excluded.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook