Authored By: Sarah
02 Jun 2021

Siding Market Size to Grow by $ 8.37 Billion During 2021-2025

Technavio has been monitoring the siding market and it is expected to grow by $ 8.37 bn, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Siding Market: APAC to lead market growth during the forecast period

  • This siding market report is segmented by end-user (residential, commercial, and public infrastructure) and geography (APAC, North America, Europe, MEA, and South America). 

  • APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. 

  • 66% of the market growth will originate from APAC during the forecast period with China and India being the key markets in the region. This report provides estimations of the contribution of all regions to the growth of the siding market size.

  • The boom in the global construction industry will be a significant factor in driving the growth of the siding market.

Siding Market to Post Incremental Growth of $ 8.37 bn During 2021-2025 | Key Geographies that will Drive Growth

Siding Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Associated Materials LLC, Boral Ltd., Compagnie de Saint-Gobain SA, Cornerstone Building Brands Inc., James Hardie Building Products Inc., Kaycan Ltd., Kingspan Group Plc, Koch Industries Inc., Standard Industries Inc., and Westlake Chemical Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Siding Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive siding market growth during the next five years
  • Precise estimation of the siding market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the siding market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of siding market vendors
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