Global Siding Market To Be Driven By Increasing Residential And Non-Residential Construction In The Forecast Period Of 2021-2026
The new report by Expert Market Research titled, ‘Global Siding Market Report and Forecast 2021-2026’, gives in-depth analysis of the global siding market, assessing the market based on its segments like material, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/siding-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026):
- Historical Market Size (2020): USD 100.5 Billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 130.2 Billion
Due to driving factors such as an increase in residential and construction activities, as well as demand for sustainable siding materials, the siding market is expected to grow over the forecast period. Furthermore, siding’s high durability is expected to boost market growth. The high cost of raw materials, on the other hand, may limit the siding market’s growth during the forecast period. Increased demand for fibre cement siding, on the other hand, is expected to provide lucrative growth opportunities for the siding market’s main stakeholders in the coming years.
Industry Definition and Major Segments
Siding is the substance that is used to clad, cover, and secure a building’s exterior walls. Fiber cement, vinyl, bricks, stucco, aluminium, asphalt, and other composite materials are some of the most popular siding materials. Depending on the needs of the customer, they are added to the roof and walls in a variety of shapes and designs such as clapboard, shingles, shakes, verticals, and columns.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/siding-market
Based on materials, the siding market is divided into:
On the basis of end-use, the siding market is divided into:
- Residential
- Non-Residential
Based on region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The massive growth of the construction industry around the world has boosted demand for siding products. The demand for cladding is stimulated by factors such as expanding suburban and non-domestic architecture and foundation projects, its tremendous sturdiness, and the ability to enhance the artistic impression of the buildings. Furthermore, by improving distribution networks and providing a wide range of products, businesses have been able to expand their customer base and meet a variety of needs. The market’s growth is expected to be hampered by high raw material and establishment costs. The residential sector has been dominated by siding, which improves the visual value of a building while also providing assets such as stability and protection from severe weathering. Other advantages, such as fire resistance and high thermal performance, would drive up demand for siding. Fiber cement, vinyl, bricks, and wood are the most common materials for residential siding. Fiber cement siding is popular for residential siding because of its low cost, high durability, and aesthetic appeal. The favourable and lenient lending policies implemented by governments across all regions are driving the growth of the residential segment in the siding sector. During the forecast era, the Asia Pacific market is expected to rise at the fastest pace. Rapid urbanisation, the expansion of the construction industry, and the implementation of sustainable development plans have all aided the growth of the siding market in the area. Countries in the Asia-Pacific region, especially China and India, are expected to develop the fastest during the forecasted era.
Key Market Players
The major players in the market are Compagnie De Saint-Gobain S.A., Westlake Chemical Corporation [NYSE: WLK], Boral Limited, ETEX Group, Louisiana Pacific Corporation, James Hardie Building Products Inc, NICHIHA Co., Ltd, Cornerstone Building Brands, SHERA Public Company Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Global Bone Cement Market: https://www.expertmarketresearch.com/reports/bone-cement-market
Global Business Jets Market: https://www.expertmarketresearch.com/reports/business-jets-market
Global Bone Sonometer Market: https://www.expertmarketresearch.com/reports/bone-sonometer-market
Global Body Area Network Market: https://www.expertmarketresearch.com/reports/body-area-network-market
Global Connected Home Devices Market: https://www.expertmarketresearch.com/reports/connected-home-devices-market
Global Digital Experience Platform Market: https://www.expertmarketresearch.com/reports/digital-experience-platform-market
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
