The Report "Siding Market by Type (Vinyl, Fiber Cement, and Wood), Application (Residential, and Non-residential), and Region (North America, Asia Pacific, Europe, Middle East and Africa, and South America) - Global Forecast to 2024" The siding market is projected to grow from USD 101.7 billion in 2019 to USD 126.3 billion by 2024, at a CAGR of 4% from 2019 to 2024. Siding market is expected to grow in accordance to the growth of construction industry across the globe. Factors such as increase in the residential and non-residential construction and infrastructure activities, along with the demand for durability of siding with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period.
Browse 150 market data Tables and 35 Figures spread through 141 Pages and in-depth TOC on "Siding Market by Type (Vinyl, Fiber Cement, and Wood), Application (Residential, and Non-residential), and Region (North America, Asia Pacific, Europe, Middle East and Africa, and South America) - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/siding-market-252693120.html
In terms of value and volume, the fiber cement segment is estimated to lead the siding market in 2019.
Fiber cement held the largest market share among all the materials used for siding as it is affordable and is installed in regions having extreme weather conditions. It can expand and contract because of its unique composition. The fiber added to the cement makes it stronger and more durable. It also prevents cracks from appearing on the surface. Fiber cement is seen as a replacement for asbestos cement, which had carcinogenic effects on human health
In terms of value and volume, the residential segment is estimated to lead the siding market in 2019.
Siding enhances the aesthetic appeal of a building, along with properties such as durability and protection from extreme weathering has also driven the residential sector. Also, other benefits such as fire protection and high thermal efficiency will further increase the demand for siding. Most favorable material for residential siding include fiber cement, vinyl, bricks, and wood.
North America region is projected to account for the largest share in the siding market during the forecast period
The North America region is projected to lead the siding market, in terms of both, value and volume, from 2018 to 2024. Factors such as development of green buildings, rising energy efficiency codes and building specifications are expected to drive the siding market growth in the North American region. In addition, increased focus on energy-efficient buildings, stringent requirements for insulation, and new building codes have generated awareness regarding thermal insulation in buildings in the region. Furthermore, government initiatives for incentive programs such as American Recovery and Reinvestment Act (ARRA) have helped increase the flow of funds for various projects, including infrastructure, housing, and energy.
Compagnie de Saint-Gobain S.A. (France), Westlake Chemical (US), Louisiana Pacific Corporation (US), Boral Limited (Australia), and Etex Group (Belgium) are key players operating in the siding market. Expansions, acquisitions, investments, and new product developments are some of the major strategies adopted by these key players to enhance their position in the siding market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441