"Global Siding Market – Industry Trends and Forecast to 2029
Global Siding Market, By Material Type (Fiber Cement, Vinyl, Metal, Stucco, Concrete and Stone, Brick, Wood, Others), Application (New Construction, Repair and Maintenance), End User (Residential, Healthcare, Education, Hospitality, Retail, Offices, Others) – Industry Trends and Forecast to 2029
Global siding market was valued at USD 107.65 million in 2021 and is expected to reach USD 154.27 million by 2029, registering a CAGR of 4.60% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Siding is called the protective material used in the outer wall to shield the building from the sun, wind, and rain. It keeps the building's temperature stable and stops heat loss. There are numerous siding options on the market, including clapboard, shingles, and horizontal lap and vertical board siding. Their siding enhances buildings' architectural splendor. According to the type of material used, siding can be divided into several categories, including wood, vinyl, stone, fiber, and composite siding. It is referred to as cladding material on the outer wall of large structures and is used as a weatherproofing and decorative material. Residential buildings and studio apartments are in strong demand for these siding materials.
**Segments**
- **Material Type**: The siding market is segmented by material type into vinyl, fiber cement, wood, metal, and others. Vinyl siding is popular due to its low cost, durability, and low maintenance requirements. Fiber cement siding provides a high level of durability and resistance to fire, insects, and rot. Wood siding offers a natural aesthetic appeal but requires more maintenance compared to other materials. Metal siding is known for its longevity and strength, making it a popular choice for commercial buildings.
- **Application**: In terms of application, the siding market is divided into residential and commercial segments. The residential segment dominates the market as homeowners increasingly invest in exterior home improvements. Siding not only enhances the aesthetics of a property but also provides protection against harsh weather conditions. The commercial segment is driven by the growing construction activities in the commercial sector, where durable and low-maintenance siding materials are preferred.
- **End-Use**: The end-use segments in the siding market include new construction and renovation projects. New construction projects drive the demand for siding materials, particularly in emerging economies witnessing rapid urbanization and infrastructure development. Renovation projects, on the other hand, focus on replacing old or damaged siding with newer materials to improve the overall appearance and functionality of buildings.
**Market Players**
- **James Hardie Industries PLC**: A leading player in the siding market, James Hardie offers fiber cement siding products known for their durability, strength, and resistance to various external factors. The company's innovative product range caters to both residential and commercial applications, cementing its position as a key market player.
- **Saint-Gobain**: Saint-Gobain is a major player in the siding market, offering a wide range of vinyl and fiber cement siding solutions. The company's focus on environmentally friendly materials and sustainable practices resonates well with the increasing demand for eco-conscious building products.
- **Ply Gem Holdings, Inc.**: Ply Gem is recognized for its comprehensive portfolio of siding products, including vinyl,The siding market is a dynamic industry with various segments that cater to the diverse needs of consumers. Material type segmentation plays a crucial role in offering choices based on specific requirements. Vinyl siding stands out for its affordability, durability, and low maintenance, making it a popular choice among homeowners seeking cost-effective yet long-lasting solutions. Fiber cement siding, on the other hand, appeals to those looking for high durability and resistance to external factors such as fire, insects, and rot. The natural aesthetic appeal of wood siding is unmatched, although it demands more maintenance to preserve its beauty. Metal siding is renowned for its strength and longevity, making it a preferred option for commercial buildings where durability is a top priority.
When it comes to the application segment, the siding market is divided into residential and commercial categories. The residential sector holds a significant share as homeowners increasingly focus on improving the exterior appearance and protection of their properties. Siding not only enhances curb appeal but also serves as a protective barrier against harsh weather elements. On the other hand, the commercial segment thrives on the demand for durable and low-maintenance siding materials in sectors like retail, hospitality, and healthcare where aesthetics and functionality are equally important.
End-use segmentation further delineates the market into new construction and renovation projects. The demand for siding materials in new construction projects is driven by the rapid urbanization and infrastructure development observed in emerging economies. As construction activities soar, the need for advanced siding solutions continues to rise to meet the evolving architectural trends. In contrast, renovation projects focus on upgrading existing structures with newer siding materials to enhance both visual appeal and structural integrity. This segment caters to homeowners and commercial property owners looking to modernize their buildings without the cost of new construction.
Moving on to the key market players, James Hardie Industries PLC stands out as a leading provider of fiber cement siding solutions known for their durability and strength. The company's innovative product range addresses the needs of both residential and commercial clients, solidifying its position in the competitive market. Saint-G**Global Siding Market**
- **Material Type**: The global siding market is segmented by material type into Fiber Cement, Vinyl, Metal, Stucco, Concrete and Stone, Brick, Wood, and Others. Each material type offers unique benefits and caters to different consumer preferences based on factors like durability, aesthetics, and maintenance requirements.
- **Application**: The market is further categorized based on application into New Construction and Repair and Maintenance. New construction projects drive the demand for siding materials as urbanization and infrastructure development create opportunities for growth. Repair and maintenance projects focus on upgrading existing structures with modern siding solutions to enhance longevity and appeal.
- **End User**: The end-user segmentation includes Residential, Healthcare, Education, Hospitality, Retail, Offices, and Others. Different sectors have varying requirements for siding materials based on factors such as aesthetics, durability, and maintenance. Each end-user segment contributes to the overall demand for siding products in the market.
The global siding market is witnessing significant growth attributed to factors such as increasing construction activities, rising demand for durable and aesthetically pleasing building materials, and a focus on exterior home improvements. The material type segmentation provides a wide range of options for consumers based on their specific needs and preferences. Fiber cement siding is gaining popularity due to its durability and resistance to external factors, making it suitable for various applications. Vinyl siding remains a popular choice for its affordability and low maintenance requirements, appealing to a broad consumer base.
In terms of application, the market is driven by both
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Siding Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Siding Market.
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Siding Market
Chapter 3: Regional analysis of the Global Siding Market industry
Chapter 4: Siding Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Objectives of the Report
- To carefully analyze and forecast the size of the Siding market by value and volume.
- To estimate the market shares of major segments of the Siding
- To showcase the development of the Siding market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Siding market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Siding
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Siding market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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