Overview and Scope
Siding refers to protective materials attached to the exterior of a wall.
Siding helps protect against exposure to elements, prevents heat loss, and
helps improve the aesthetic of a building. Siding improves the aesthetic appeal
of a building, along with properties such as durability and safety from extreme
weathering has also driven the residential sector.
Sizing and Forecast
The siding market size has grown strongly in recent years. It will grow from $93.88 billion in 2023 to $98.62 billion in 2024 at a compound annual growth
rate (CAGR) of 5.1%. The growth in the historic period can be
attributed to residential and commercial construction, exterior home renovation
and remodeling, weather resistance and durability, architectural and design
preferences, sustainable and eco-friendly siding options..
The siding market size is expected to see steady growth in the next few years.
It will grow to $119.58 billion in 2028
at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be
attributed to energy-efficient and green building codes, smart siding materials
for automation, impact-resistant siding for severe weather, siding
customization and personalization, aging building infrastructure, urbanization
and suburban development.. Major trends in the forecast period include
solar-integrated siding for energy generation, self-cleaning and self-repairing
siding materials, transparent and see-through siding options, flexible and
lightweight siding materials, sustainable and biodegradable siding materials,
siding with noise reduction and acoustics..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/siding-global-market-report
Segmentation & Regional Insights
The siding market covered in this report is segmented –
1) By Material: Fiber Cement, Vinyl, Metal, Stucco, Concrete And Stone, Brick,
Wood, Other Materials
2) By Application: New Construction, Repair And Maintenance
3) By End-User: Residential, Non-Residential, Healthcare, Education,
Hospitality, Retail, Offices, Other End-Users
Asia-Pacific was the largest region in the siding market in 2023. Asia-Pacific
is expected to be the fastest-growing region in the forecast period. The
regions covered in the siding market report include Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East and Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the
report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6669&type=smp
Major Driver Impacting Market Growth
The high durability and ability to enhance the aesthetic appearance of
buildings are driving the growth of the siding market. Siding for new
construction or repair helps improve various factors of a building. Siding can
help ensure the structural integrity of a building, protecting water from
causing the wood in a building to rot. Certain types of siding are also
resistant to moisture or offer protection from harsh weather elements and wind
up to 180 mph. Furthermore, it can help increase the resale value of a house by
improving the aesthetic, various siding materials can be customized to offer an
aesthetic finish to a building. These materials can also be resistant to UV
rays, offering an aesthetic looking building in the long run
Key Industry Players
Major companies operating in the siding market include Compagnie de Saint-Gobain S.A., Westlake
Chemical Corporation, Louisiana-Pacific Corporation, Etex Group SA, Boral
Limited, James Hardie Industries PLC, Nichiha Corporation, Cornerstone Building
Brands, SHERA Public Company Limited, Döcke Extrusion Co. Ltd., Georgia-Pacific
LLC, Kingspan Group, Ply Gem Industries Inc., LIXIL Group Corporation,
Saint-Gobain S.A., DuPont de Nemours Inc., Tata Steel Limited, Arconic
Corporation, Alumasc Group plc, ROCKWOOL International A/S, National Cladding,
Revelstone, Wienerberger AG, Knauf Gips KG, Carea Community Health Centre, Al
Ghurair Group, Owens Corning, CertainTeed Corporation, Kaycan Ltd., Alside
Inc., BlueScope Steel Limited, Gentek Building Products Inc., Designer Panel
Systems Pty Ltd., Forterra Building Products Limited, Norandex Building
Materials Distribution Inc.
The siding market report table of
contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment