Siding Market Size, Share, Growth Analysis, By Material (Vinyl, Fiber), By Type (Horizontal Lap Siding, Vertical Board Siding), By Applications (Residential, Commercial), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG15E2551 |
Region:
Global |
Published Date: November, 2024
Pages:
172
|Tables:
0
|Figures:
0
Siding Market Insights
Siding Market size was valued at USD 116.29 Billion in 2023 and is poised to grow from USD 121.99 Billion in 2024 to USD 178.86 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
The transformation of building landscapes and building materials in modern times gives opportunity for technological innovation especially in the global siding industry. These continuous changes are forcing even more developed organizations to focus on the market by introducing already known and new siding materials and production processes. Material innovation is one of the important fields where technological advancement has great impact. Siding producers take advantage of modern materials science and engineering to produce high-performance siding materials that offer more resistance to wear, weather and energy loss than conventional siding materials. As the siding market evolves, products that utilize less life cycle environmental impact are expected to benefit more competitively.
Ventures in the global siding industry are experiencing a significant transformation that is heavily being influenced by technology, earning itself a sustainable strategy. There is an improvement in people’s attitudes towards green efforts and responsible societies and individuals can create siding solutions that are sustainable through R&D and the use of waste materials in their production processes. Fulfilling new sustainability-related laws and attracting green customers can be achieved by offering green products by siding manufacturers. The use of environmentally friendly wares for siding is on the rise due to government policies and programs. In various regions, the legal framework is changing to include mandates or preferences towards the use of more environmentally friendly building materials. The market offers a multitude of options due to the broad variety of siding materials, including wood, fiber, plastic, and others.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Siding Market Segmental Analysis
The global siding market is segmented based on material, type, applications, and region. In terms of material, the market is grouped into vinyl, fiber, wood, stone, and others. Based on type, the market is segmented into vertical board siding, horizontal lap siding, clapboard, shingles, and others. Based on the applications, the market is trifurcated into residential, commercial, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Analysis by Material
As per categorization by material, the market is classified as vinyl, fiber, wood, stone, and others. Among these, vinyl earned the largest share and continues to hold the dominant global siding market share. Vinyl siding is gaining popularity in the international siding market as it is long-lasting, easy to maintain and economical as well. The innovations in the outside wall cladding materials have enhanced its appearance, texture and thermal properties thereby making it applicable for both residential and commercial purposes. Its higher performance is attributed to its excellent weather resistance, easy to fix and long-lasting performance; also, it is much cheaper and much more usable than other materials. It has made vinyl the dominant material among all in the worldwide siding market.
Due to factors such as enhanced strength, sustainability, and adaptability, it is estimated that fiber materials will be the fastest growing segment in the global siding market. Made of cellulose fibers, these materials allow for better moisture, insect and weather resistance, which makes them suitable in several climates. In addition, fiber materials are also very decorative, come in several styles, and can even look like wooden sidings without the work involved in their upkeep. With consumers and builders in the forefront looking out for eco-friendly and robust solutions, fiber material’s sustainability credentials and performance benefits make it a very key driver in the adapter siding market particularly towards building construction projects that are green.
Analysis by Distribution Channel
Horizontal lap siding is a popular choice in the global siding market due to its classic aesthetic and durability. Recent innovations focus on enhancing its weather resistance, energy efficiency, and ease of installation. New materials such as engineered wood, vinyl, and fiber cement offer improved performance characteristics making it possible for the products to require low maintenance and last longer. The popularity and market dominance of horizontal lap siding comes from its ageless beauty and designs, versatility as well as effective water drainage that helps to avoid moisture damage. Its applicability to many building designs in addition to the increasing need for affordable and durable alternatives keeps it as one of the best siding options.
Vertical board siding is poised to become the fastest-growing segment in the global siding market due to its modern aesthetic and increasing popularity in contemporary architecture. This design brings a sleek and tidy appearance and is most appreciated in raising visual height and producing bold design contrasts. Innovations in materials like fiber cement and composite boards have improved its durability, weather resistance, and ease of maintenance. As consumer preferences shift toward unique, stylish exteriors and sustainable building solutions, vertical board siding is gaining traction, especially in urban and upscale residential developments, driving its rapid market expansion.
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Siding Market Regional Insights
North America dominates the global siding market due to strong demand for residential and commercial construction, driven by urbanization and home renovation trends. The location advantages cutting-edge facilities and easily accessible, high incomes, as well as a liking for long-lasting and energy-efficient products. The market was also driven by innovations in siding technologies such as the development of novel insulation materials and green materials. Moreover, regional policies and incentives in North America aimed at encouraging green building practices facilitate the use of energy saving sidings. Also, the existence of major companies in the region, coupled with strong distribution networks, supports the region's leadership in the global siding market and guarantees that it will continue to lead.
Europe is the fastest-growing region in the global siding market, driven by an increasing focus on sustainable construction and energy-efficient building practices. As a result of the strict environmental guidelines and green building policies, including the EU's target to achieve net zero emissions by 2050, there is an increasing use of building materials that are environmentally friendly, such as fibre cement and recycled boards. Furthermore, the increase in the renovation of houses and city modernization projects within the European countries is propelling the global siding market growth. Successful developments in design and material performance coupled with the increasing awareness among the consumers about economizing energy and climate-friendly building solutions are the driving factors of rapid market growth in the region.
- Largest
- Fastest
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Siding Market Dynamics
Drivers
- Rising Demand for Energy-Efficient Buildings
The global siding market is significantly benefiting from increased attention towards energy efficiency. There is a growing trend among consumers and even builders in the adoption of sustainable solutions and siding materials that come with insulation properties that minimize energy use. Several of these changes are attributable to the increased enforcement of building codes and the need for green and more affordable methods of construction.
- Increasing Home Renovation and Construction Activities
The increase in home remodeling and new construction activities is fueling the need for siding materials. Siding solutions have become essential as property owners seek to increase curb appeal and improve the quality of the exterior. Specifically, the rising popularity of high-end residential and commercial construction activities has steadily led to an increase in the global siding market trend.
Restraints
- Vulnerability to Weather Conditions
Some siding materials, such as vinyl or wood, may be weak against certain elements such as strong winds, heavy rainfall, or very low or high temperatures. This weakness causes many repairs or changes in short periods of time, due to which their performing and lasting ability are restricted, and even in places with tough conditions, these materials are rarely used.
- Limited Consumer Awareness of New Materials
Even with the advent of new siding materials, there is a tendency to ignore recently developed and better-quality alternatives. People still prefer using conventional products like vinyl and timber out of habit, while new innovations like fiber cement and composite board growth in the economy is being hindered as there are introduction and penetration challenges into the markets.
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Siding Market Competitive Landscape
The global siding market is competitive due to several international businesses that are undertaking a lot of research and extending their product lines. Such companies as James Hardie Industries, Ply Gem Holdings, Inc., and Louisiana-Pacific Corporation are at the forefront of manufacture of fiber cement and engineered wood siding. Nichiha Corporation and ABC Supply Co., Inc. are some of the companies that provide siding services in a wide range. These players are also pursuing advances in product life, energy performance, and increasingly green material preferences of consumers.
Top Player’s Company Profiles
- James Hardie Industries (Australia)
- Ply Gem Holdings, Inc. (USA)
- Louisiana-Pacific Corporation (USA)
- Nichiha Corporation (Japan)
- ABC Supply Co., Inc. (USA)
- Boral Limited (Australia)
- Cembrit (Denmark)
- CertainTeed (USA)
- Kingspan Group (Ireland)
- Mueller, Inc. (USA)
- KWP Coatings (Australia)
- Resysta International (Germany)
- Etex Group (Belgium)
- RHEINZINK (Germany)
- Decra Roofing Systems (USA)
Recent Developments
- In October 2024, James Hardie Industries, a top company in the global siding market, has revealed the introduction of a green revolution fiber cement siding range. The current development strives to cut down the levels of carbon footprints during production, and is aimed at thermal insulation, making the energy consumption in residential houses better, thus enhancing its sustainable credentials.
- In September 2024, Ply Gem Holdings stated that it has introduced a new line of improved vinyl siding products with better UV resistance and weather endurance. This is in view of the growing “siding- that- lasts- for- a- long- time- and- requires- no- maintenance” consumer appetite. New products are also intended to be energy efficient in line with emerging sustainable trends.
- In August 2024, Etex Group, headquartered in Belgium, introduced a new fiber cement siding product. The innovative material features a unique, weather-resistant coating that increases its lifespan and aesthetic appeal. Such advancement is an embodiment of Etex’s sustenance commitment and attends to the growing need for sustainable durable construction materials.
Siding Key Market Trends
- Surge in Sustainable and Eco-Friendly Siding Solutions: The siding industry is experiencing these trends, with many people now choosing greener and sustainable materials such as fiber cement and composites instead of wood. The inefficient use of energy among buildings has led not only the consumers but also builders to incorporate energy efficient sidings to their structures mostly due to the change in government policies and the construction sector’s concern on sustainability.
- Rise in Demand for Low-Maintenance Siding Options: There is a notable shift towards low-maintenance siding materials such as vinyl and composite boards in the global siding market. These alternatives are highly durable, easy to maintain, and have a prolonged lifespan, hence perfect for residential and commercial property owners seeking economical and stress-free exterior wall cladding options.
Siding Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global siding market is experiencing substantial changes resulting from networked communication, new materials and greener built environments and changing consumer needs. The movement and trends regarding the demand and supply of building materials that insulates against energy loss is dictating the future of this industry as there have been changes in siding materials that enhance performance and cut down on environmental pollution.
The sustained development of market segments, particularly in Continental America and Europe, has prompted a growing inclination towards sustainable and low-maintenance siding options. Despite the unrelenting challenges, the market is set to progress further given that market players are keen on innovation and the need for advanced energy-efficient-low upkeep building materials is on the rise.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 116.29 Billion |
| Market size value in 2032 | USD 178.86 Billion |
| Growth Rate | 4.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Siding Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Siding Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Siding Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Siding Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Siding Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Siding Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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