Global Siding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Siding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Siding refers to a protective material attached to the outer side of the wall of a house or other building. Together with the roof, Siding forms the first line of defense against various external environmental factors, such as sunlight, rain/snow, heat and cold, thereby creating a stable and more comfortable environment indoors.

Market Overview:

The latest research study on the global Siding market finds that the global Siding market reached a value of USD 90785.7 million in 2022. It’s expected that the market will achieve USD 114029.45 million by 2028, exhibiting a CAGR of 3.87% during the forecast period.

Challenges

Although installation and maintenance are relatively simple, wood siding requires more maintenance than other popular solutions and needs to be treated every four to nine years. In some pest infested areas, ants and termites are a threat, and many types of wood siding, extra treatment and maintenance will greatly increase the cost. Wood is a moderately renewable resource, which can be biodegraded. However, most paints and colorants used to treat wood are not environmentally friendly and may be toxic.
Vinyl siding has potential environmental costs. Although vinyl siding can be recycled, it cannot be burned (due to the release of toxic dioxin gas). If dumped in a landfill, vinyl siding will not decompose quickly.
Fiber cement siding in some climate or some environmental conditions, the composite siding products containing cellulose (wood fiber) have the problems of deterioration, delamination or decreased adhesion of coating. Different types of siding have different limitations, and these factors will affect people's demand for siding.
With the concept of sustainable development put forward, consumers pay more and more attention to the sustainability of manufacturing materials when purchasing products. The concept of sustainable development requires enterprises to make sustainable products and also requires raw materials for manufacturing. Changing the original raw materials and production methods to make products is a challenge faced by enterprises. Product sustainability is at the heart of the company. Companies should use post-consumer and post-industrial recyclable materials to produce high-performance siding. Companies have been developing biodegradable and other sustainable siding products to conform to the trend of sustainable development and develop products needed by consumers, thus promoting the development of enterprises.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

James Hardie Industries is one of the major players operating in the Siding market, holding a share of 2.03% in 2020.

James Hardie Industries is the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions.

Saint-Gobain Group engages in the design, manufacturing, and distributing building materials internationally. The Company produces insulation systems, water supply systems, solar solutions and building materials for distribution.

Segmentation Overview:

Among different product types, Plastic Siding segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential Building segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Siding market covered in Chapter 3:

Asahi Tostem Exterior Building Materials
Weathertex
Norandex
James Hardie Industries
Saint-Gobain
Tata BlueScope Steel
Metalcraft Roofing
Georgia-Pacific Corporation
Palagio Engineering
Etex Group
Nichiha
Shanghai Seventrust Industry
Revelstone
Associated Materials, LLC
Ruukki Construction
Cornerstone Building Brands
Louisiana Pacific Corporation
Everite Building Products
Boral
Kingspan Group
National Cladding
MBCI
Westlake Chemical Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Siding market from 2018 to 2029 is primarily split into:

Wood Siding
Plastic Siding
Metal Siding
Composite Siding
Stone Siding
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Siding market from 2018 to 2029 covers:

Infrastructure
Residential Building
Commercial Building
Industrial Building
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)