According to the latest report by IMARC Group, titled “Siding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global siding market size reached a value of US$ 90.1 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. A siding is a material that is utilized for cladding, insulating and protecting the exterior walls of a building from harsh weather conditions. It is applied on the roof and walls in numerous shapes and styles, such as panels, shakes, shingles, verticals and clapboard, based on the requirements of the user. It assists in improving the aesthetic appeal of a structure and offering thermal efficiency to maintain the temperature of the building. Some of the widely utilized siding materials include vinyl, bricks, stucco, asphalt, aluminum and fiber cement.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Siding Market Trends:
The burgeoning travel and tourism industry, in confluence with the increasing investments in the construction of hotels, is strengthening the growth of the global sliding market. Hotels generally focus on the aesthetics of structures and exteriors. The emerging trend of boutique hotels, which are relatively smaller than tradition hotels but offer ultra-luxury services, is also boosting the overall sales of siding around the world. Apart from this, the utilization of combined siding materials is also gaining traction worldwide as they help in providing a different texture to buildings. Moreover, there is a rise in the demand for siding materials in the construction industry, especially from the residential and commercial constructional projects. In addition to this, the improving distribution channels, along with the easy availability of numerous product variants, have enabled manufacturers to suffice the diverse requirements of consumers.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Boral Limited
- Georgia Pacific Vinyl Siding
- James Hardie
- Louisiana Pacific
- Döcke Extrusion Co. Ltd.
- Ply Gem
- ETEX Group
- Lixil Group Corporation
- National Cladding
Market Breakup by Material:
- Fiber Cement
- Concrete and Stone
Market Breakup by End Use:
Market 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
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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