Global Siding Market
Market Size in USD Billion
CAGR :
% 
USD
123.20 Million
USD
176.55 Million
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 123.20 Million |
 Market Size (Forecast Year) |
USD 176.55 Million |
 CAGR |
% |
| Major Markets Players |
Global Siding Market Segmentation, By Material Type (Fiber Cement, Vinyl, Metal, Stucco, Concrete and Stone, Brick, Wood, Others), Application (New Construction, Repair and Maintenance), End User (Residential, Healthcare, Education, Hospitality, Retail, Offices, Others) – Industry Trends and Forecast to 2032
Siding Market Analysis
Over the last few years, the siding industry has grown significantly around the world due to the demand for high quality building materials in a variety of residential and nonresidential structures, including offices, institutions and commercial buildings. Furthermore, wood and vinyl siding are more commonly employed in current building rather than the more conventional aluminum siding. These factors further accelerate the market expansion over the forecasted timeline.
Siding Market Size
Global siding market size was valued at USD 123.20 million in 2024 and is projected to reach USD 176.55 million by 2032, with a CAGR of 4.60% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes |
Siding Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
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Key Market Players |
Saint-Gobain (France), Westlake Chemical Corporation (U.S.), Louisiana Pacific Corporation (U.S.), Etex Group (Belgium), Boral (Australia), Georgia-Pacific (U.S.), James Hardie Industries Plc (Ireland), Kingspan Group (Ireland), NICHIHA Co.,Ltd (Japan), Cornerstone Building Brands (U.S.), SHERA (Thailand), Mapei S.p.A (Italy), MUHU (China) Construction Materials Co., Ltd., (China), Holcim (Switzerland) and Döcke Extrusion LLC (Russia) |
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Market Opportunities |
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Siding Market Definition
Siding is called the protective material used in the outer wall to shield the building from the sun, wind, and rain. It keeps the building's temperature stable and stops heat loss. There are numerous siding options on the market, including clapboard, shingles, and horizontal lap and vertical board siding. Their siding enhances buildings' architectural splendor. According to the type of material used, siding can be divided into several categories, including wood, vinyl, stone, fiber, and composite siding. It is referred to as cladding material on the outer wall of large structures and is used as a weatherproofing and decorative material. Residential buildings and studio apartments are in strong demand for these siding materials.
Siding Market Dynamics
Drivers
- High Usage of Siding
The siding industry has grown significantly around the world due to the demand for high quality building materials in a variety of residential and nonresidential structures, including offices, institutions, and commercial buildings. Furthermore, wood and vinyl siding are more commonly employed in current building rather than the more conventional aluminum siding. In order to enhance the texture and architectural beauty of tiny flats and residential buildings, siding is placed on them. It is utilized as a material that is resistant to fire, corrosion and the elements. It is sturdy and long-lasting and is utilized to strengthen the external wall's framework and length of service. The siding materials used to stop water and moisture from entering the walls are clapboard and shingles. The demand for siding materials that can withstand chemical exposure and be utilized as weatherproofing materials to withstand changing weather conditions is rising in the construction industry.
Furthermore, the growing income of people will further propel the growth rate of siding market. Additionally, the growing trend of using siding material to increase the buildings' beauty will also drive market value growth. The market for siding, particularly wood and fiber siding, is being driven by a growth in the population and rapid urbanization globally.
Opportunities
- Government Initiatives and Introduction of Green Siding Materials
Furthermore, the government initiatives for the development of public infrastructure further extend profitable opportunities to the market players in the forecast period of 2025 to 2032. Additionally, the introduction of green siding materials will further expand the future growth of the siding market.
Restraints/Challenges
- Lack Of Awareness
The lack of awareness about the siding material will create hindrances for the growth of the siding market.
- Negative Impact of COVID-19
The global epidemic has led to an increase in restrictions, which has hurt both supply and demand. Additionally, the fluctuating cost of raw materials will be detrimental to the siding business. Therefore, this will challenge the siding market growth rate.
This siding market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the siding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Siding Market Scope
The siding market is segmented on the basis of material type, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Fiber Cement
- Vinyl
- Metal
- Stucco
- Concrete and Stone
- Brick
- Wood
- Others
Application
- New Construction
- Repair and Maintenance
End User
- Residential
- Healthcare
- Education
- Hospitality
- Retail
- Offices
- Others
Siding Market Regional Analysis
The siding market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the siding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2025-2032. The market growth over this region is attributed to the high demand for fiber cement siding within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2025-2032, due to the prominent presence of fiber cement siding market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Siding Market Share
The siding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to siding market.
Siding Market Leaders Operating in the Market Are:
- Saint-Gobain (France)
- Westlake Chemical Corporation (U.S.)
- Louisiana Pacific Corporation (U.S.)
- Etex Group (Belgium)
- Boral (Australia)
- Georgia-Pacific (U.S.)
- James Hardie Industries Plc (Ireland)
- Kingspan Group (Ireland)
- NICHIHA Co.,Ltd (Japan)
- Cornerstone Building Brands (U.S.)
- SHERA (Thailand)
- Mapei S.p.A (Italy)
- MUHU (China)Construction Materials Co., Ltd. (China)
- Holcim (Switzerland)
- Döcke Extrusion LLC (Russia)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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