Outlook on the Siding Industry Global Market to 2030 - Cost Advantage Fuels Rapid Growth in Vinyl Siding

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Global Market for Siding Industry

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) -

• Alside Inc.

• American Building Components

• Associated Materials Inc.

• Boral Limited

• Certain Teed Corporation

• Designer Panel Systems

• Etex

• Forterra Building Products Limited

• Gentek Building Products Inc.

• Georgia-Pacific Corporation

• James Hardie Industries PLC

• Kaycan Ltd.

• LIXIL Group Corporation

• Louisiana-Pacific Corporation

• Metal Building Components Inc.

• National Cladding Wales Ltd.

• NCI Building Systems

• Nichiha Corporation

• Palagio Engineering Srl

• Peter L. Brown Co.,

• Ply Gem Holdings Inc.

• Royal Building Products

• Ruukki Construction

• Sto Corp.

• The Alumasc Group PLC

• Wienerberger AG

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

Report Metrics:

Report Attribute	Details
No. of Pages	229
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$210.4 Billion
Forecasted Market Value (USD) by 2030	$279.6 Billion
Compound Annual Growth Rate	3.6%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

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

• Competitive Scenario

• 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

• Nearly Natural

• Catching Rays

• Smarter Siding

• Three-toned Stone

• Estate-the Royal Offering

• Game-changing Ultimate Clip

• Aesthetically Advanced and Easy-to-Install Products Grab Attention

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/mbl0t0

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• Global Market for Siding Industry

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