Siding Market Share, Size, Trends, Business Strategy, Growth Forecast Till 2027

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Siding Market Share, Size, Trends, Business Strategy, Growth Forecast Till 2027

Siding Market Highlights:

The global market for siding is expected to grow at a significant rate during the forecast period. The booming construction sector has further fueled the market demand.

The increasing urbanization and the rise in investments for renovation construction, particularly in new housing, are the prime factors that are driving the siding industry. The building renovation construction market is growing more than the expected rate. The rise in renovation construction is likely to boost the demand for siding in the global market.

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The market in Asia-Pacific is expected to witness the highest growth rate in the global siding market during the forecast period: MRFR

By region, the global siding market is segmented as Europe, Asia-Pacific, North America, South America, and Middle East & Africa. North America held the largest market share. Home Energy Loan Program (HELP), Home renovation tax credit, and other government initiatives enable homeowners to install energy-efficient siding and have a positive impact on North America siding market.

The global siding market size was valued at USD 100.1 billion in 2018, which is expected to witness 4.4% CAGR during the forecast period.

The fiber cement segment is expected to occupy the largest market share of the global siding market: MRFR

The global market is segmented, based on material, into vinyl, fiber cement, wood, concrete others. The fiber cement likely to dominate the global siding market. Due to their low installation cost and long-lasting service life, the fiber cement is most consumer-preferred material for siding.

The residential segment is likely to hold the largest market share of the global siding market: MRFR

By application, the global siding market is segmented into residential, commercial, and Industrial. The commercial sector is further categorized as hospitality, healthcare, shopping malls & centers, educational centers, office spaces, and others. The residential sector is considered to be the fastest-growing sector and is projected to capture the majority of market share in the global siding market. Furthermore, the rise in the number of home renovation products is expected to boost the demand for siding in the global market.

Scope of the Report

This study provides an overview of the global siding market share, tracking two market segments across five geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global siding market by material, application and region.

By Material

Vinyl

Fiber Cement

Wood

Concrete

Others

By Application

Residential

Commercial

Hospitality

Healthcare

Shopping Malls & Centers

Educational Centers

Office Spaces

Others

Industrial

By Region

North America 

Asia-Pacific 

Europe

South America

Middle East & Africa  

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Key Players

The prominent players in the global siding market include Georgia-Pacific (US), Saint-Gobain (France), Etex Group (Belgium), Westlake Chemical (US), James Hardie Industries Plc (Ireland), Boral Limited (Australia), Louisiana Pacific Corporation (US), Nichiha Corporation (Japan), Kingspan Group (Ireland), and Cornerstone Building Brands (US).

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

 

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Keywords: siding market size,siding market share,siding market growth,siding market trends,siding market value,siding market revenue

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