According to Freedonia analysts, global siding (or cladding) demand is forecast to grow over four percent per year through 2019 to nearly six billion square meters. Strong growth in the US is due to an expected rebound in its housing market, as well as in the Asia/Pacific region due to continued solid gains in building construction activity will drive demand.
7 Materials Discussed in Depth
Siding materials have different characteristics that have an impact on their usage. Masonry and concrete products comprise the largest share of siding demand, but metal products are expected to post the fastest gains through 2019.
Asia/Pacific region dominates sales
The Asia/Pacific region accounted for over half of the global siding market in 2014. China, alone, represented over 30 percent of siding demand that year. Rapidly growing building construction spending in that country and region have boosted demand for siding. North America is expected to be the fastest growing market for siding through 2019, however, as the housing market rebounds in the US, it boosts demand.
7 Producers Lead Overall Sales
The global siding industry is fragmented, as few companies produce several product types. There are also important regional variations in siding sales. Siding producers include: Axiall, Associated Materials, Etex, Hardie (James) Industries, Heidelberg Cement, Kingspan, LIXIL, Louisiana-Pacific, Nichiha, Ply Gem, Saint-Gobain, Sto, and Wienerberger.
Scope of the Report
This report covers the scope, size, and growth of the global siding (cladding) market. It includes key trends in material usage and market segmentation. For six world regions and 20 countries, historical data is provided for 2004, 2009, and 2014 with forecasts for 2019 and 2024. Data is provided in both million square meters and million dollars. An analysis of the industry key players and their market shares is also included.
Siding material types covered in this study include:
Brick & Tile
Concrete & Stone
Stucco & EIFS
Markets analyzed in this study include:
Residential (New and Replacement)
Nonresidential (New and Replacement)
Regions covered in this study include:
Central & South America