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Inside the Global Siding Market through MRFR’s Latest Research Report for 2021–2030

Global Siding Market - Overview

The global siding market is growing at a rapid pace, mainly due to the rising consumer preference to include siding design in constructions. Siding is used in the building exterior to offer extra protection against exposure to the elements, prevent heat loss, and visually unify the facade. Besides, siding improves the durability and aesthetic properties of constructions, making it an irreplaceable modern construction element.

The burgeoning construction industry is a major driving force allowing its market to increase vigorously.

Moreover, the increasing demand for siding escalates the market on the global platform. According to Market Research Future (MRFR), The siding market analysis ranges from USD 101.7 billion to USD 126.3 billion during the forecast period of 2021 to 2030. The siding market is expected to project at a CAGR of 4.3% during the forecast period of 2021 to 2030. Additionally, the growth in the number of housing projects and various benefits that siding offers increases the demand for siding across the globe. Improving standard of living fuels the demand for home siding, leading to better interior decoration and aesthetic preference. Conversely, the price volatility and demand-supply gap of raw materials required for production are major factors impeding the market growth.


Global Siding Market – Prominent Players
Compagnie de saint- gobain S.A,West lake chemical,Louisiana pacific corporation,Etex group,SHERA,Nichiha corporation,Boral limited,James Hardie Industries PLC,Cornerstone building brands,Docke extrusion Corporation limited,King span group are global Siding Market key players are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Siding Market.

Market Opportunity:

The global siding industry has seen substantial growth in the last few years. The demand for siding is anticipated to be driven by the upsurge in the number of construction activities and the increasing recognition of their benefits among homeowners. Growth in the number of housing projects worldwide is expected to fuel demand for siding across the globe. The need for new residential building projects is increasing due to the rising urbanization, which is poised to fuel the demand of home siding around the world. In addition, buyers tend to use exterior siding when constructing residential or commercial areas, because it increases a building's esthetic appeal. In addition, there are various benefits, such as longevity, fire resistance , and high thermal performance, which improve the construction of sidings. In addition, with the enhancement of living standards, customers are inclined to better interior decoration and esthetic enhancement, which fuel the demand for interior siding, contributing to the growth of the industry. The need for sidings in the manufacturing and construction sector is on the rise with the growing growth of infrastructure across developing countries. At the other side, the developing countries are moving towards sidings as defensive systems and improving building aesthetics. Major market players are taking key approaches to remain competitive, such as expansion, acquisition and product launches.

But fluctuating raw material prices and high installation costs could hamper market growth.


Siding Market - Segments:


The exterior portfolio market square siding is segmented into material, application, and regions. The material segment is sub-segmented into vinyl, fiber cement, wood, concrete, and others. Among these, the fiber cement siding segment holds the largest market share due to its higher durability compared to the other siding material. With its cost-efficiency and easy installation even in extreme weather conditions, the segment is projected to witness the highest CAGR during the anticipated period.

The application segment is sub-segmented into residential, commercial, and industrial. Among these, the residential segment holds the largest market share due to the rapidly growing population, rapid urbanization, government funding for housing projects, and strong economic growth. The segment is expected to witness tremendous growth during the forecast period.

The commercial sub-segment is further bifurcated into office spaces, healthcare, shopping malls & centers, educational centers, hospitality, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Inside the Global Siding Market through MRFR’s Latest Research Report for 2021–2030 Global Siding Market - Overview The global siding market is growing at a rapid pace, mainly due to the rising consumer preference to include siding design in constructions. Siding is used in the building exterior to offer extra protection against exposure to the elements, prevent heat loss, and visually unify the facade. Besides, siding improves the durability and aesthetic properties of constructions, making it an irreplaceable modern construction element. The burgeoning construction industry is a major driving force allowing its market to increase vigorously. Moreover, the increasing demand for siding escalates the market on the global platform. According to Market Research Future (MRFR), The siding market analysis ranges from USD 101.7 billion to USD 126.3 billion during the forecast period of 2021 to 2030. The siding market is expected to project at a CAGR of 4.3% during the forecast period of 2021 to 2030. Additionally, the growth in the number of housing projects and various benefits that siding offers increases the demand for siding across the globe. Improving standard of living fuels the demand for home siding, leading to better interior decoration and aesthetic preference. Conversely, the price volatility and demand-supply gap of raw materials required for production are major factors impeding the market growth. Global Siding Market – Prominent Players Compagnie de saint- gobain S.A,West lake chemical,Louisiana pacific corporation,Etex group,SHERA,Nichiha corporation,Boral limited,James Hardie Industries PLC,Cornerstone building brands,Docke extrusion Corporation limited,King span group are global Siding Market key players are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Siding Market. Market Opportunity: The global siding industry has seen substantial growth in the last few years. The demand for siding is anticipated to be driven by the upsurge in the number of construction activities and the increasing recognition of their benefits among homeowners. Growth in the number of housing projects worldwide is expected to fuel demand for siding across the globe. The need for new residential building projects is increasing due to the rising urbanization, which is poised to fuel the demand of home siding around the world. In addition, buyers tend to use exterior siding when constructing residential or commercial areas, because it increases a building's esthetic appeal. In addition, there are various benefits, such as longevity, fire resistance , and high thermal performance, which improve the construction of sidings. In addition, with the enhancement of living standards, customers are inclined to better interior decoration and esthetic enhancement, which fuel the demand for interior siding, contributing to the growth of the industry. The need for sidings in the manufacturing and construction sector is on the rise with the growing growth of infrastructure across developing countries. At the other side, the developing countries are moving towards sidings as defensive systems and improving building aesthetics. Major market players are taking key approaches to remain competitive, such as expansion, acquisition and product launches. But fluctuating raw material prices and high installation costs could hamper market growth. Siding Market - Segments: The exterior portfolio market square siding is segmented into material, application, and regions. The material segment is sub-segmented into vinyl, fiber cement, wood, concrete, and others. Among these, the fiber cement siding segment holds the largest market share due to its higher durability compared to the other siding material. With its cost-efficiency and easy installation even in extreme weather conditions, the segment is projected to witness the highest CAGR during the anticipated period. The application segment is sub-segmented into residential, commercial, and industrial. Among these, the residential segment holds the largest market share due to the rapidly growing population, rapid urbanization, government funding for housing projects, and strong economic growth. The segment is expected to witness tremendous growth during the forecast period. The commercial sub-segment is further bifurcated into office spaces, healthcare, shopping malls & centers, educational centers, hospitality, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
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