Global Siding Market Size, Trends and Growth Opportunity, By Material Types and Types (Vinyl, Fiber, Wood, Clapboard, Horizontal Lap Siding), By Application (Residential, Commercial and Others), By Region and Forecast till 2027.
Description
Global Siding Market Size, Trends and Growth Opportunity, By Material Types and Types (Vinyl, Fiber, Wood, Clapboard, Horizontal Lap Siding), By Application (Residential, Commercial and Others), By Region and Forecast till 2027.
Global Siding Market
The Global Siding Market was valued at US$ 60,998.57 Mn in 2021 and it is expected to reach US$
79,590.00 Mn in 2027, with a CAGR of 3.67% from 2022-2027.
Siding means the protective wall which is used in the exterior side of the wall, house or buildings to
insulate from the elements like sun, heat, cold, rain/snow to maintain the temperature on the
interior side. Siding escalates the beauty of the building. There are different types of siding available
in the market such as vertical board siding, clapboard, horizontal lap siding and shingles. These siding
materials are high in demand for decoration and weatherproofing solution.
Market Drivers
The rising demand for construction of residential and commercial building is a key driving factor to
increase the demand for siding especially vinyl and wood siding are more commonly employed in
modern building than classic aluminium siding. Also, rising income of people and increasing trend of
using sliding material to enhance the beauty of exterior side of the building increases the demand
for sliding. Further, development in infrastructure across the globe is another factor in influencing
the growth of siding, various alternatives are available in siding material like wood, plastic and other
are also a key driving factor in increasing demand for siding material.
Market Restraints
The PVC (polyvinyl chloride) can be harmful to the environment and human health in some
circumstances, when it is burned at a high temperature it releases some toxic substances which
include chlorine gas and carcinogen dioxin, discharged into the environment. Also, if safety
procedure needs to be ensured by workers as majority of the danger comes from PVC
manufacturing. Even a little house fire that damages the vinyl siding releases a slew of toxic
component that has been linked to catastrophic lung and kidney tissue damage.
COVID-19 Impact on the Global Siding Market
With the outbreak of covid-19 has adversely impacted on the growth of global siding market. Due to
lockdown imposed by government and low demand from construction industries decreases the
demand for siding. As, it adversely affected the import and export of construction material, it shows
negative shift in siding market. China is the world leading exporter of construction materials,
negative shift in the economy of China reduces the import and export across the globe. Further, home
quarantine, travelling restriction had an adversely immense impact on supply and demand of
construction material across the globe.
Market Segmentation
The Global Siding Market is segmented on the basis of material type, type and application. On the
basis of material type siding segmented into vinyl, fiber, wood, stone and others. On the basis of
type it segmented into vertical board siding, horizontal lap siding, clapboard, shingles and others. On
the basis of application it segmented into residential, commercial and others.
Regional Analysis
The Global Siding Market segmented into five regions North America, Europe, Latin America, Asia
Pacific, Middle East and Africa. Asia pacific is expected to remain at the forefront and hold the
highest position at the forecast period as it was valued at US$ 18,227.59 million in 2021 and it is
expected to reach US$ 24,728.61 million by 2027 at a CAGR 4.24%. North America is also expected
to expand market for siding market at CAGR 4.05%. With innovative technologies and rise in
infrastructure in these regions the market for siding is expecting to grow at substantial rate.
Key Players
Various key players are listed in this report such as Compagnie de Saint-Gobain S.A., Westlake
Chemical, Boral Limited, Cornerstone Building Brands Inc, Docke Extrusion LLC, James Hardie
Building Products Inc., Louisiana-Pacific Corporation, Nichiha coporation, SHERA Public Company
Limited, Extex group.
Market Taxonomy
By Material Type
Global Siding Market
The Global Siding Market was valued at US$ 60,998.57 Mn in 2021 and it is expected to reach US$
79,590.00 Mn in 2027, with a CAGR of 3.67% from 2022-2027.
Siding means the protective wall which is used in the exterior side of the wall, house or buildings to
insulate from the elements like sun, heat, cold, rain/snow to maintain the temperature on the
interior side. Siding escalates the beauty of the building. There are different types of siding available
in the market such as vertical board siding, clapboard, horizontal lap siding and shingles. These siding
materials are high in demand for decoration and weatherproofing solution.
Market Drivers
The rising demand for construction of residential and commercial building is a key driving factor to
increase the demand for siding especially vinyl and wood siding are more commonly employed in
modern building than classic aluminium siding. Also, rising income of people and increasing trend of
using sliding material to enhance the beauty of exterior side of the building increases the demand
for sliding. Further, development in infrastructure across the globe is another factor in influencing
the growth of siding, various alternatives are available in siding material like wood, plastic and other
are also a key driving factor in increasing demand for siding material.
Market Restraints
The PVC (polyvinyl chloride) can be harmful to the environment and human health in some
circumstances, when it is burned at a high temperature it releases some toxic substances which
include chlorine gas and carcinogen dioxin, discharged into the environment. Also, if safety
procedure needs to be ensured by workers as majority of the danger comes from PVC
manufacturing. Even a little house fire that damages the vinyl siding releases a slew of toxic
component that has been linked to catastrophic lung and kidney tissue damage.
COVID-19 Impact on the Global Siding Market
With the outbreak of covid-19 has adversely impacted on the growth of global siding market. Due to
lockdown imposed by government and low demand from construction industries decreases the
demand for siding. As, it adversely affected the import and export of construction material, it shows
negative shift in siding market. China is the world leading exporter of construction materials,
negative shift in the economy of China reduces the import and export across the globe. Further, home
quarantine, travelling restriction had an adversely immense impact on supply and demand of
construction material across the globe.
Market Segmentation
The Global Siding Market is segmented on the basis of material type, type and application. On the
basis of material type siding segmented into vinyl, fiber, wood, stone and others. On the basis of
type it segmented into vertical board siding, horizontal lap siding, clapboard, shingles and others. On
the basis of application it segmented into residential, commercial and others.
Regional Analysis
The Global Siding Market segmented into five regions North America, Europe, Latin America, Asia
Pacific, Middle East and Africa. Asia pacific is expected to remain at the forefront and hold the
highest position at the forecast period as it was valued at US$ 18,227.59 million in 2021 and it is
expected to reach US$ 24,728.61 million by 2027 at a CAGR 4.24%. North America is also expected
to expand market for siding market at CAGR 4.05%. With innovative technologies and rise in
infrastructure in these regions the market for siding is expecting to grow at substantial rate.
Key Players
Various key players are listed in this report such as Compagnie de Saint-Gobain S.A., Westlake
Chemical, Boral Limited, Cornerstone Building Brands Inc, Docke Extrusion LLC, James Hardie
Building Products Inc., Louisiana-Pacific Corporation, Nichiha coporation, SHERA Public Company
Limited, Extex group.
Market Taxonomy
By Material Type
- Vinyl
- Fiber
- Wood
- Stone
- Others
- Vertical board siding
- Horizontal lap siding
- Clapboard
- Shingles
- Others
- Residential
- Commercial
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East and Africa
- What are the Key Opportunities in Global Siding market?
- What will be the growth rate from 2022 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the role of key players in the value chain?
- What is the competitive Landscape in the industry?
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Siding Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Siding Market, By Material Type
- 5.1 Y-o-Y Growth Comparison, By Material Type
- 5.2 Global Siding Market Share Analysis, By Material Type
- 5.3 Global Siding Market Size and Forecast, By Material Type
- 5.3.1 Vinyl
- 5.3.2. Fiber
- 5.3.3. Wood
- 5.3.4. Stones
- 5.3.5. Others
- 6 Global Siding Market, By Type
- 6.1 Y-o-Y Growth Comparison, By Type
- 6.2 Global Siding Market Share Analysis, By Type
- 6.3 Global Siding Market Size and Forecast, By Type
- 6.3.1 Vertical Board Siding
- 6.3.2 Horizontal Board Siding
- 6.3.3 Clapboard
- 6.3.4 Others
- 7 Global Siding Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Siding Market Share Analysis, By Application
- 7.3 Global Siding Valve Market Size and Forecast, By Application
- 7.3. 1 Residential
- 7.3.2. Commercial
- 7.3.3. Others
- 8 Global Siding Market, By Region
- 8.1 Global Siding Market Share Analysis, By Region
- 8.2 Global Siding Market Share Analysis, By Region
- 9 North America Siding Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Siding Market Share Analysis, By Material Type
- 9.3 North America Siding Market Size and Forecast, By Type
- 9.4 North America Siding Market Size and Forecast, By Application
- 9.5 North America Siding Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.6.1 Canada
- 9.6.3 Mexico
- 10 Europe Siding Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Siding Market Share Analysis, By Material Type
- 10.3 Europe Siding Market Size and Forecast, By Type
- 10.4 Europe Siding Market Size and Forecast, By Application
- 10.5 Europe Siding Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Siding Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Siding Market Share Analysis, By Material Type
- 11.3 Asia Pacific Siding Market Size and Forecast, By Type
- 11.4 Asia Pacific Siding Market Size and Forecast, By Application
- 11.5 Asia Pacific Siding Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Siding Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Siding Market Share Analysis, By Material Type
- 12.3 Latin America Siding Market Size and Forecast, By Type
- 12.4 Latin America Siding Market Size and Forecast, By Application
- 12.5 Latin America Siding Market Size and Forecast, Country
- 12.5.1 Brazil
- 12.6.2. Rest of Latin America
- 13 Middle East Siding Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Siding Market Share Analysis, By Material Type
- 13.3 Middle East Siding Market Size and Forecast, By Type
- 13.4 Middle East Siding Market Size and Forecast, By Application
- 13.6 Middle East Siding Market Size and Forecast, By Country
- 13.6.1. Saudi Arabia
- 13.6.2. UAE
- 13.6.3. Egypt
- 13.6.4. Kuwait
- 13.6.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Compagnie de Saint-Gobain S.A
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Westlake Chemical
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Boral Limited
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Cornerstone Building Brands Inc.
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
- 15.5 Docke Extrusion LLC
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 James Hardie Building Products Inc.
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Louisiana-Pacific Corporation
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Nichiha Corporation
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 SHERA Public Company Limited
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Extex Group
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
Pricing
Currency Rates
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