According to the latest report by IMARC Group, titled “Siding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on siding market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global siding market size reached US$ 93.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 120.8 Billion by 2027, exhibiting a growth rate (CAGR) of 4.4% during 2022-2027.
Siding refers to the protective material used in the outer wall surface to shield the building from the sun, wind, and rain. It is applied to the roof and walls in various shapes and styles, such as clapboard, shingles, shakes, verticals, and panels, depending upon the requirements of the user. It provides protection against exposure to harmful elements, prevents heat and fire, enables high thermal efficiency, and helps in enhancing the aesthetics of a building by maintaining durability and safety from extreme weathering. Some commonly used siding materials include fiber cement, vinyl, bricks, stucco, aluminum, and asphalt. As a result, it is extensively used across residential, commercial, healthcare, education, retail, offices, and construction sectors.
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The global market is primarily driven by significant growth in the construction industry. Furthermore, the rising investments by the governments of several countries for the development of public infrastructures are supporting the demand. Moreover, the increasing demand for siding material in the construction industry to resist chemical exposure and the widespread product usage as a weatherproofing material to withstand changes in different conditions is further catalyzing the market. Along with this, the extensive adoption of siding material for increasing the aesthetic value of the building is acting as another growth-inducing factor. Other factors, such as inflating disposable income levels of the masses, and rapid industrialization, are also influencing the market.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Boral Limited
- Georgia-Pacific Wood Products LLC
- James Hardie Building Products Inc.
- Kingspan Group
- Nichiha USA Inc.
- Louisiana-Pacific Corporation
- Döcke Extrusion LLC
- Alumasc Group PLC
- Ply Gem Industries Inc.
- Knauf Gips KG
- Etex Group
- Lixil Group Corporation
- ROCKWOOL Group
- & S. Cladding (Wales) Limited T/A National Cladding Wales
- Revelstone Cape (Pty) Ltd
- Wienerberger AG
Siding Market Segmentation:
Our report has categorized the market based on region, material, end use and application.
Breakup by Material:
- Fiber Cement
- Concrete and Stone
Breakup by End Use:
Breakup by Application:
- New Construction
- Repair and Maintenance
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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