Global Siding Market Research Report Information by Material, by Application (Residential, Commercial, and Industrial), and by Region

Description

List of Tables

Global Siding Market Research Report Information by Material (Vinyl, Fiber Cement, Wood, Metal, and Others), by Application (Residential, Commercial (Commercial Office Spaces, Healthcare, Shopping Malls & Centers, Educational Centers, Hospitality, and Others), and Industrial), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast Till 2030

Market Overview

In 2023, the value of the siding market was estimated to be USD 110.61 billion. Throughout the forecast period, the Global Siding industry is anticipated to experience a robust compound annual growth rate (CAGR) of 4.9%. The Siding Market is being driven by the growing demand for siding in the household and construction sectors, as well as technological advancements in the field of siding, government regulations, and incentives.

The siding industry has identified technology as a critical opportunity for innovation in the rapidly changing world of construction and building materials. The development of new and improved siding materials and production techniques has become a priority for businesses seeking to gain a competitive advantage in the market, because of ongoing developments. Material innovation is one of the significant areas in which technology has had a substantial impact. Siding manufacturers are utilizing contemporary materials science and engineering to develop high-performance siding solutions that surpass traditional siding options in terms of energy efficiency, weather resistance, and durability. For example, fiber cement siding, which has become increasingly popular because of technological advancements, is characterized by its exceptional longevity, fire resistance, and minimal maintenance requirements. Furthermore, the siding industry has undergone a transition to sustainability because of recent technological advancements. Eco-friendly practices have become increasingly significant to consumers, and companies that prioritize research and development can create sustainable siding solutions that integrate energy-efficient manufacturing processes and recycled materials. By providing environmentally responsible products, siding manufacturers can not only attract environmentally conscious customers but also satisfy the changing regulatory requirements for sustainability.

Market Segment Insights

Vinyl, fiber cement, wood, metal, and other materials comprise the global siding market.

Residential, commercial, and industrial comprise the application segment of the Siding Market size.

Regional Perspectives

The study offers market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America by region. In 2022, the North American siding market held the largest market share and is anticipated to experience a substantial CAGR growth throughout the research period. This is a result of the growing demand for cement materials in the region, including vinyl, stucco, brick, and fiber materials.

The increasing demand for energy-efficient homes has influenced the development of the Europe siding market, which encompasses the UK, Germany, France, Italy, and the rest of Europe. In 2022, the European Climate Foundation reported that the population in countries such as the Czech Republic, Germany, Italy, and Spain is more inclined to either purchase or rent energy-efficient dwellings. Moreover, the demand for siding in the European market is being driven by the increase in residential construction and infrastructure activities. In 2022, the European construction sector experienced a 3% aggregate increase in the expansionary economic environment, according to EUROCONSTRUCT.

Infrastructure projects have a positive impact on the development of the Asia-Pacific siding market by increasing the demand for siding. The 14th Five-Year Plan of China, which spans the years 2021-2025, prioritizes initiatives related to the development of new urbanization, transportation, energy, and water systems, as well as retrofitting. Furthermore, the National Investment Construction and Facilitation Agency anticipates that by 2040, over 40% of the Indian populace will reside in urban areas, thereby generating lucrative opportunities for the Asia-Pacific siding market.

Major Players

Saint-Gobain S.A., Westlake Corporation, Boral, Etex Group, Kingspan, Georgia-Pacific, James Hardie Industries PLC, Louisiana-Pacific Corporation, Nichiha Co., Ltd., and Cornerstone Building Brands are among the main players in the market.

Product Code: MRFR/CO/6883-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL SIDING MARKET, BY MATERIAL
- 1.1.2 GLOBAL SIDING MARKET, BY APPLICATION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR HOUSEHOLD AND CONSTRUCTION
- 4.2.2 GOVERNMENT REGULATIONS AND INCENTIVES
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
- 4.3.1 HIGH COSTS OF INSTALLATION AND MAINTENANCE
- 4.3.2 LACK OF AWARENESS ABOUT SIDING MATERIALS
- 4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS IN THE FIELD OF SIDING MARKET
- 4.4.2 INCREASING DEMAND FOR SUSTAINABLE MATERIALS
4.5 COVID-19 IMPACT ANALYSIS
- 4.5.1 ECONOMIC IMPACT
  - 4.5.1.1 IMPACT ON COSNTRUCTION INDUSTRY
- 4.5.2 IMPACT ON PRODUCTION
- 4.5.3 IMPACT ON SIDING MARKET
  - 4.5.3.1 IMPACT ON SUPPLY CHAIN
  - 4.5.3.2 IMPACT ON RAW MATERIALS
  - 4.5.3.3 CASH FLOW CONSTRAINTS
- 4.5.4 IMPACT ON WORLD TRADE

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 RAW MATERIAL SUPPLY
- 5.1.3 SERVICE PROVIDERS
- 5.1.4 DISTRIBUTION & SALES CHANNELS
- 5.1.5 END USE
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL SIDING MARKET, BY MATERIAL

6.1 OVERVIEW

7 GLOBAL SIDING MARKET, BY APPLICATION

7.1 OVERVIEW

8 GLOBAL SIDING MARKET, BY REGION

8.1 OVERVIEW
- 8.1.1 GLOBAL SIDING MARKET, BY REGION, 2018-2030
8.2 NORTH AMERICA
- 8.2.1 NORTH AMERICA: SIDING MARKET, BY COUNTRY, 2018-2030
- 8.2.2 US
- 8.2.3 CANADA
- 8.2.4 MEXICO
8.3 EUROPE
- 8.3.1 EUROPE: SIDING MARKET, BY COUNTRY, 2018-2030
- 8.3.2 GERMANY
- 8.3.3 FRANCE
- 8.3.4 UK
- 8.3.5 ITALY
- 8.3.6 SPAIN
- 8.3.7 REST OF EUROPE
8.4 ASIA-PACIFIC
- 8.4.1 ASIA-PACIFIC: SIDING MARKET, BY COUNTRY, 2018-2030
- 8.4.2 CHINA
- 8.4.3 INDIA
- 8.4.4 JAPAN
- 8.4.5 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
- 8.5.1 MIDDLE EAST & AFRICA: SIDING MARKET, BY COUNTRY, 2018-2030
- 8.5.2 SOUTH AFRICA
- 8.5.3 SUADI ARABIA
- 8.5.4 UAE
- 8.5.5 REST OF MIDDLE EAST & AFRICA
8.6 SOUTH AMERICA
- 8.6.1 SOUTH AMERICA: SIDING MARKET, BY COUNTRY, 2018-2030
- 8.6.2 BRAZIL
- 8.6.3 ARGENTINA
- 8.6.4 REST OF SOUTH AMERICA

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 COMPETITIVE BENCHMARKING
9.3 MARKET SHARE ANALYSIS
9.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.4.1 PRODUCT LAUNCH
- 9.4.2 PARTNERSHIP
- 9.4.3 ACQUISITION
- 9.4.4 COLLABORATION

10 COMPANY PROFILES

10.1 SAINT-GOBAIN S.A.
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
10.2 WESTLAKE CORPORATION
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
10.3 BORAL
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
10.4 ETEX GROUP
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
10.5 KINGSPAN
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
10.6 GEORGIA-PACIFIC
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
10.7 JAMES HARDIE INDUSTRIES PLC
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGIES
10.8 LOUISIANA-PACIFIC CORPORATION
- 10.8.1 COMPANY OVERVIEWS
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
10.9 NICHIHA CO., LTD
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
10.10 CORNERSTONE BUILDING BRANDS
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGIES