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Siding Market Trends

Report ID: GMI6747
Published Date: Sep 2023
Report Format: PDF

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Siding Market Trends

The demand for energy-efficient and environmentally friendly solutions has been driving innovation in the siding industry. Homeowners and builders were increasingly looking for siding materials that offer better insulation properties, reduce energy consumption, and have a lower environmental impact. Fiber cement and engineered wood sidings were gaining popularity due to their durability, low maintenance requirements, and visual appeal. These materials mimic the look of traditional wood or masonry but offer better resistance to rot, insects, and weathering.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for siding was valued at around USD 121.3 billion in 2023 and is estimated to reach USD 184 billion by 2032, owing to rapid urbanization and population growth.

Vinyl siding segment accounted for USD 72.82 billion in 2022 and will continue to witness demand as the product is often more affordable compared to other siding options, making it an attractive choice for cost-conscious homeowners.

Market size for U.S. siding was worth USD 24.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032, favored by the new residential construction projects in the region.

CertainTeed Corporation, Ply Gem Industries, Alside, Royal Building Productsm, Georgia-Pacific, Nichiha Corporation, Mastic by Ply Gem, Kaycan Ltd., Celect by Royal, Eldorado Stone, Versetta Stone, Boral Limited, Novik Inc. among others.