Global Siding Market Size, Trends and Growth Opportunity, By Material Types and Types (Vinyl, Fiber, Wood, Clapboard, Horizontal Lap Siding), By Application (Residential, Commercial and Others), By Region and Forecast till 2027.

Global Siding Market Size, Trends and Growth Opportunity, By Material Types and Types (Vinyl, Fiber, Wood, Clapboard, Horizontal Lap Siding), By Application (Residential, Commercial and Others), By Region and Forecast till 2027.

Global Siding Market

The Global Siding Market was valued at US$ 60,998.57 Mn in 2021 and it is expected to reach US$

79,590.00 Mn in 2027, with a CAGR of 3.67% from 2022-2027.

Siding means the protective wall which is used in the exterior side of the wall, house or buildings to

insulate from the elements like sun, heat, cold, rain/snow to maintain the temperature on the

interior side. Siding escalates the beauty of the building. There are different types of siding available

in the market such as vertical board siding, clapboard, horizontal lap siding and shingles. These siding

materials are high in demand for decoration and weatherproofing solution.

Market Drivers

The rising demand for construction of residential and commercial building is a key driving factor to

increase the demand for siding especially vinyl and wood siding are more commonly employed in

modern building than classic aluminium siding. Also, rising income of people and increasing trend of

using sliding material to enhance the beauty of exterior side of the building increases the demand

for sliding. Further, development in infrastructure across the globe is another factor in influencing

the growth of siding, various alternatives are available in siding material like wood, plastic and other

are also a key driving factor in increasing demand for siding material.

Market Restraints

The PVC (polyvinyl chloride) can be harmful to the environment and human health in some

circumstances, when it is burned at a high temperature it releases some toxic substances which

include chlorine gas and carcinogen dioxin, discharged into the environment. Also, if safety

procedure needs to be ensured by workers as majority of the danger comes from PVC

manufacturing. Even a little house fire that damages the vinyl siding releases a slew of toxic

component that has been linked to catastrophic lung and kidney tissue damage.

COVID-19 Impact on the Global Siding Market

With the outbreak of covid-19 has adversely impacted on the growth of global siding market. Due to

lockdown imposed by government and low demand from construction industries decreases the

demand for siding. As, it adversely affected the import and export of construction material, it shows

negative shift in siding market. China is the world leading exporter of construction materials,

negative shift in the economy of China reduces the import and export across the globe. Further, home

quarantine, travelling restriction had an adversely immense impact on supply and demand of

construction material across the globe.

Market Segmentation

The Global Siding Market is segmented on the basis of material type, type and application. On the

basis of material type siding segmented into vinyl, fiber, wood, stone and others. On the basis of

type it segmented into vertical board siding, horizontal lap siding, clapboard, shingles and others. On

the basis of application it segmented into residential, commercial and others.

Regional Analysis

The Global Siding Market segmented into five regions North America, Europe, Latin America, Asia

Pacific, Middle East and Africa. Asia pacific is expected to remain at the forefront and hold the

highest position at the forecast period as it was valued at US$ 18,227.59 million in 2021 and it is

expected to reach US$ 24,728.61 million by 2027 at a CAGR 4.24%. North America is also expected

to expand market for siding market at CAGR 4.05%. With innovative technologies and rise in

infrastructure in these regions the market for siding is expecting to grow at substantial rate.

Key Players

Various key players are listed in this report such as Compagnie de Saint-Gobain S.A., Westlake

Chemical, Boral Limited, Cornerstone Building Brands Inc, Docke Extrusion LLC, James Hardie

Building Products Inc., Louisiana-Pacific Corporation, Nichiha coporation, SHERA Public Company

Limited, Extex group.

Market Taxonomy

By Material Type

• Vinyl
• Fiber
• Wood
• Stone
• Others

• Vertical board siding
• Horizontal lap siding
• Clapboard
• Shingles
• Others

• Residential
• Commercial
• Others

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East and Africa

• What are the Key Opportunities in Global Siding market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?