Outlook on the Siding Industry Global Market to 2030 - Cost Advantage Fuels Rapid Growth in Vinyl Siding
Global Market for Siding Industry
Dublin, Feb. 20, 2023 (GLOBE NEWSWIRE) -- The "Siding Industry: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Siding Industry estimated at US$210.4 Billion in the year 2022, is projected to reach a revised size of US$279.6 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.
Fiber Cement, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$112.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Vinyl segment is readjusted to a revised 3.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $57.3 Billion, While China is Forecast to Grow at 6.2% CAGR
The Siding Industry market in the U.S. is estimated at US$57.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$57.1 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$36.7 Billion by the year 2030.
Select Competitors (Total 113 Featured) -
American Building Components
Associated Materials Inc.
Certain Teed Corporation
Designer Panel Systems
Forterra Building Products Limited
Gentek Building Products Inc.
James Hardie Industries PLC
LIXIL Group Corporation
Metal Building Components Inc.
National Cladding Wales Ltd.
NCI Building Systems
Palagio Engineering Srl
Peter L. Brown Co.,
Ply Gem Holdings Inc.
Royal Building Products
The Alumasc Group PLC
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Siding: An Introductory Prelude
Recent Market Activity
Growing Importance of Building Architecture Drives Significance of Siding
Asia-Pacific to Drive Future Growth
China Evolves into Most Important Market
Developed Regions Remain Prominent Consumers
Stable Economic Scenario to Augment Market Prospects
Siding: A Highly Fragmented Market
Product Promotion & Distribution: Key Focus Areas
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Siding Industry - Global Key Competitors Percentage Market Share in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growth in the World Construction Industry Spells Opportunities
Key Factors Fuelling Growth in the Global Building Construction Market
Brick Siding: The Largest Product Segment
Wider Color Palette Drives Consumer Interest in Stucco Siding
Fiber Cement Siding Gains Widespread Acceptance
Vinyl Siding Emerges as Fastest Growing Product Segment
Cost Advantage Fuels Rapid Growth in Vinyl Siding
Rust-Resistance Properties of Metal Siding Find Fervor in Coastal Regions
Issues & Challenges
Fire Safety Emerges as Key Concern
Growing Use of Glass for Exterior Walls
Color and Styling Innovations in the Siding Industry
LP's SmartSide Siding Gains Huge Popularity
Hardie Fiber Cement Siding: Another Major Innovation
Issues Related to Repainting
Kaycan Ocean Park Ultra Vinyl "Lap Siding"
Kaycan Montebello Vinyl Log Siding
Fiber-Cement Lap Siding and Panels
New Siding Products with Improved Design and Durability
Estate-the Royal Offering
Game-changing Ultimate Clip
Aesthetically Advanced and Easy-to-Install Products Grab Attention
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/mbl0t0
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