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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

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Date: 20-Jun-2019
No. of pages: 167
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“Increase in the infrastructural and construction activities are projected to drive the overall growth of the siding market across the globe from 2019 to 2024”

The siding market is projected to grow from USD 72.9 billion in 2019 to USD 93.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.0% from 2019 to 2024. The global siding market has witnessed high growth primarily due to the increasing infrastructure and construction activities worldwide. Not only these systems protect the building structure, but they also enhance the appearance of a building. Rebound in residential construction is expected to increase the demand for the siding.

“In terms of value, the fiber cement siding segment is projected to grow at the highest CAGR during the forecast period.”

The fiber cement segment of the siding market is projected to grow at the highest CAGR during the forecast period, in terms of value. Fiber cement material is used mainly for siding applications such as in residential, and non-residential buildings and can last up to 50 years.  Fiber cement siding 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 has carcinogenic effects on human health.

“In terms of both value and volume, the residential segment is projected to lead the siding market from 2019 to 2024.”

Growth of residential segment in the siding market is attributed primarily to the favorable and lenient lending policies initiated by governments across all regions, which is driving the sales of residential construction projects. The residential construction spending is estimated to increase, particularly in the emerging Asia Pacific and Latin American regions as there is a trend of urbanization observed in these regions, resulting in a much higher growth rate for the residential construction market, than in developed markets.

“In terms of value, the North American siding market is projected to contribute to the maximum market share during the forecast period.”

In terms of value, the North America region is projected to lead the siding market from 2019 to 2024due to the strong demand from countries such as the US and Canada. The demand is driven by the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. Strong government support further aids the growth of the siding market, as the demand for these products will increase. Government initiatives such as the Home Renovation Tax Credit and Home Energy Loan Program (HELP) allow homeowners to install the energy-efficient siding.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the siding market.


  • By Company Type: Tier 1: 35%, Tier 2: 40%, and Tier 3: 25%

  • By Designation: C-Level: 25%, D-Level: 35%, and Others:40%

  • By Region: North America: 20%, Europe: 35%, Asia Pacific: 25%, Middle East & Africa: 15%, and South America: 5%


The siding market comprises major manufacturers such as Louisiana Pacific Corporation (US), James Hardie Industries PLC (Ireland), Boral Limited (Australia), Nichiha Corporation (Japan), and Etex Group (Belgium).

Research Coverage

The market study covers the siding market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on the type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the siding market.

Key Benefits of Buying the Report

The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall siding market and its segments and sub segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Siding Systems Market
4.2 North America: Siding Systems Market, By Type & Country
4.3 Siding Systems Market, By Type
4.4 Siding Systems Market, By End-Use Industry
4.5 Siding Systems Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Residential Construction and Infrastructural Activities
5.2.1.2 Increase in Non-Residential Construction and Infrastructural Activities
5.2.1.3 High Durability of Siding Systems
5.2.1.4 Technological Advancements in the Glass Industry
5.2.1.5 Stringent Regulations to Reduce Greenhouse Gas Emission
5.2.2 Restraints
5.2.2.1 High Raw Material and Installation Costs
5.2.2.2 Availability of Green Insulation Material
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Protective Systems and Enhancement in the Aesthetic Appeal of Buildings
5.2.3.2 Rise in Population and Urbanization in Emerging Economies
5.2.3.3 Increase in Demand for Fiber Cement in Siding Systems
5.2.3.4 Increase in Demand for Sustainable Siding Materials
5.2.3.5 Policies & Regulations
5.2.4 Challenges
5.2.4.1 High Repairing Cost
5.2.4.2 Lack of Awareness

6 Siding Systems Market, By Type
6.1 Introduction
6.2 Fiber Cement
6.3 Vinyl
6.4 Wood
6.5 Others*

7 Siding Systems Market, By End-Use
7.1 Introduction
7.2 Residential
7.3 Non-Residential

8 Siding Systems Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 Spain
8.3.5 France
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Australia
8.4.5 Vietnam
8.4.6 Thailand
8.4.7 Rest of Asia Pacific
8.5 Middle East & Africa (MEA)
8.5.1 Turkey
8.5.2 UAE
8.5.3 Saudi Arabia
8.5.4 South Africa
8.5.5 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Chile
8.6.4 Rest of South America

9 Competitive Landscape
9.1 Siding
9.1.1 Introduction
9.1.2 Competitive Scenario
9.1.2.1 New Product Launches
9.1.2.2 Mergers & Acquisitions
9.1.2.3 Expansions & Investments
9.1.2.4 Divestments, Agreements, Contracts, and Partnerships

10 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1 Etex Group
10.2 James Hardie Industries PLC
10.3 Nichiha Corporation
10.4 Boral Limited
10.5 Louisiana Pacific Corporation
10.6 Kingspan PLC
10.7 Georgia-Pacific LLC
10.8 Knauf
10.9 USG Corporation
10.10 Shera
10.11 Universal Cement Corporation (UCC)
10.12 Vinh Tuong Industrial Corporation (VTI)
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 Region-Wise Regulations to Reduce Ghg Emissions
Table 2 Siding Systems Market, By Type, 2017–2024 (USD Million)
Table 3 Siding Systems Market, By Type, 2017–2024 (Million Square Feet)
Table 4 Siding Systems Market Size, By End-Use, 2017–2024(USD Million)
Table 5 Siding Systems Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 6 Siding Systems Market Size, By Region, 2017–2024 (USD Million)
Table 7 Siding Systems Market Size, By Region, 2017–2024(Million Square Feet)
Table 8 North America: Siding Systems Market Size, By Country, 2017–2024(USD Million)
Table 9 North America: Siding Systems Market Size, By Country, 2017–2024(Million Square Feet)
Table 10 North America: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 11 North America: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 12 North America: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 13 North America: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 14 US: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 15 US: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 16 US: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 17 US: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 18 Canada: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 19 Canada: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 20 Canada: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 21 Canada: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 22 Mexico: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 23 Mexico: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 24 Mexico: Siding Systems Market Size, By End Use,2017–2024(USD Million)
Table 25 Mexico: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 26 Europe: Siding Systems Market Size, By Country, 2017–2024(USD Million)
Table 27 Europe: Siding Systems Market Size, By Country, 2017–2024(Million Square Feet)
Table 28 Europe: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 29 Europe: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 30 Europe: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 31 Europe: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 32 Germany: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 33 Germany: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 34 Germany: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 35 Germany: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 36 UK: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 37 UK: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 38 UK: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 39 UK: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 40 Italy: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 41 Italy: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 42 Italy: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 43 Italy: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 44 Spain: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 45 Spain: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 46 Spain: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 47 Spain: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 48 France: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 49 France: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 50 France: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 51 France: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 52 Rest of Europe: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 53 Rest of Europe: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 54 Rest of Europe: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 55 Rest of Europe: Siding Systems Market Size, By End Use,2017–2024(Million Square Feet)
Table 56 Asia Pacific: Siding Systems Market Size, By Country, 2017–2024(USD Million)
Table 57 Asia Pacific: Siding Systems Market Size, By Country, 2017–2024(Million Square Feet)
Table 58 Asia Pacific: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 59 Asia Pacific : Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 60 Asia Pacific : Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 61 Asia Pacific: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 62 China: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 63 China: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 64 China: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 65 China: Siding Systems Market Size, By End Use,2017–2024(Million Square Feet)
Table 66 Japan: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 67 Japan: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 68 Japan: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 69 Japan: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 70 India: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 71 India: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 72 India: Siding Systems Market Size, By End-Use, 2017–2024(USD Million)
Table 73 India: Siding Systems Market Size, By End-Use, 2017–2024(Million Square Feet)
Table 74 Australia: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 75 Australia: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 76 Australia: Siding Systems Market Size, By End-Use,2017–2024(USD Million)
Table 77 Australia: Siding Systems Market Size, By End-Use,2017–2024(Million Square Feet)
Table 78 Vietnam: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 79 Vietnam: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 80 Vietnam: Siding Systems Market Size, By End-Use, 2017–2024(USD Million)
Table 81 Vietnam: Siding Systems Market Size, By End-Use, 2017–2024(Million Square Feet)
Table 82 Thailand: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 83 Thailand: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 84 Thailand: Siding Systems Market Size, By End-Use, 2017–2024(USD Million)
Table 85 Thailand: Siding Systems Market Size, By End-Use, 2017–2024(Million Square Feet)
Table 86 Rest of Asia Pacific: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 87 Rest of Asia Pacific: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 88 Rest of Asia Pacific: Siding Systems Market Size, By End-Use, 2017–2024(USD Million)
Table 89 Rest of Asia Pacific: Siding Systems Market Size, By End-Use, 2017–2024(Million Square Feet)
Table 90 Middle East & Africa: Siding Systems Market Size, By Country, 2017–2024(USD Million)
Table 91 Middle East & Africa: Siding Systems Market Size, By Country, 2017–2024(Million Square Feet )
Table 92 Middle East & Africa: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 93 Middle East & Africa: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 94 Middle East & Africa: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 95 Middle East & Africa: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 96 Turkey: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 97 Turkey: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 98 Turkey: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 99 Turkey: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet )
Table 100 UAE: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 101 UAE: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 102 UAE: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 103 UAE: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 104 Saudi Arabia: Siding Systems Market Size, By Type,2017–2024(USD Million)
Table 105 Saudi Arabia: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 106 Saudi Arabia: Siding Systems Market Size, By End Use,2017–2024(USD Million)
Table 107 Saudi Arabia: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet )
Table 108 South Africa: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 109 South Africa: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 110 South Africa: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 111 South Africa: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet )
Table 112 Rest of Middle East & Africa: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 113 Rest of Middle East & Africa: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 114 Rest of Middle East & Africa: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 115 Rest of Middle East & Africa: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet )
Table 116 South America: Siding Systems Market Size, By Country, 2017–2024(USD Million)
Table 117 South America: Siding Systems Market Size, By Country, 2017–2024(Million Square Feet )
Table 118 South America: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 119 South America: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 120 South America: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 121 South America: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 122 Brazil: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 123 Brazil: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 124 Brazil: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 125 Brazil: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet )
Table 126 Argentina: Siding Systems Market Size, By Type,2017–2024(USD Million)
Table 127 Argentina: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 128 Argentina: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 129 Argentina: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet )
Table 130 Chile: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 131 Chile: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet )
Table 132 Chile: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 133 Chile: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 134 Rest of South America: Siding Systems Market Size, By Type, 2017–2024(USD Million)
Table 135 Rest of South America: Siding Systems Market Size, By Type, 2017–2024(Million Square Feet)
Table 136 Rest of South America: Siding Systems Market Size, By End Use, 2017–2024(USD Million)
Table 137 Rest of South America: Siding Systems Market Size, By End Use, 2017–2024(Million Square Feet)
Table 138 New Product Launches,
Table 139 Mergers & Acquisitions, 2015–2019
Table 140 Expansions & Investments, 2015–2019
Table 141 Joint Ventures,Divestments, Agreements, and Partnerships,2015–2019        
Table 142 New Product Launches, 2015–2019
Table 143 Mergers & Acquisitions, 2015-2019
Table 144 Expansions & Investments, 2015–2019
Table 145 Partnerships, 2015–2019
Table 146 New Product Launches, 2015–2019
Table 147 Mergers and Acquisitions, 2015–2019
Table 148 Expansions & Investments, 2015–2019
Table 149 Joint Ventures, Divestments, Agreements, and Partnerships, 2015–2019  

List of Figures

Figure 1 Siding Systems Market Segmentation
Figure 2 Siding Systems Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Siding Systems Market: Data Triangulation
Figure 6 Cladding to Lead the Siding Systems Market During the Forecast Period
Figure 7 Non-Residential to Be the Fastest Growing End-Use Industry in the Siding Systems Market
Figure 8 Europe Was the Largest Siding Systems Market in 2017
Figure 9 Rise in Construction and Infrastructure Activities is to Drive Siding Systems Market
Figure 10 Asia Pacific: China is Estimated as the Largest Market for Siding Systems in 2017
Figure 11 Cladding is Projected to Lead the Siding Systems Market During the Forecast Period
Figure 12 Non-Residential to Be the Fastest-Growing Segment for Siding Systems During the Forecast Period
Figure 13 The Siding Systems Market in UAE is Projected to Grow at the Highest Cagr From 2018 to 2023
Figure 14 Siding & Cladding Systems Market Dynamics
Figure 15 Global GDP (PPP) Growth Trend, 2005–2017 (USD Trillion)
Figure 16 Global Infrastructural Investment By 2030 (USD Billion)
Figure 17 Global Population has Increased By About 3 Billion in the Last Three Decades
Figure 18 Siding Systems Market Share, By Type, 2018 vs 2024(USD Million)
Figure 19 Commercial Segment Projected to Record the Highest Demand for Exterior Wall Systems Through 2022
Figure 20 Geographical Snapshot: Siding System Market Growth Rate, By Country, 2018-2023
Figure 21 Asia Pacific: Market Snapshot
Figure 22 Key Developments of the Leading Players in the Siding & Cladding Market, 2017–2018
Figure 23 Etex Group: Company Snapshot
Figure 24 James Hardie Industries PLC: Company Snapshot
Figure 25 Nichiha Corporation: Company Snapshot
Figure 26 Boral Limited: Company Snapshot
Figure 27 Louisiana Pacific Corporation: Company Snapshot
Figure 28 Kingspan PLC: Company Snapshot
Figure 29 USG Corporation: Company Snapshot
Figure 30 BASF: Company Snapshot

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