Siding: Market Introduction
Advancing construction and infrastructure industry to create mounting demand for siding in residential and non-residential buildings. Siding is applied on the exterior side of wall for protecting building against sun rays, rain, snow, dust and cold. In addition to this, siding also creates comfortable environment in the interior of building. Furthermore, siding is available in numerous form type depending on type of material. With property such as water resistance has made siding one among the best choice for applying in building purposes. As result of this, demand for siding has begun to increase since last two decades in region depending on climatic condition and availability of material. It is much of the time sold as wood, composite, stone, metal and vinyl siding used to apply in roof as well as exterior of building. U.S., Japan and China are among leading producers of siding across globe and have exported this product to numerous other countries at large scale.
Global Siding Market is Experiencing Contraction Due to COVID-19 Outbreak
COVID-19 has not only shattered the movement of the people but also the production and trade of the major products in the market. Halted construction activity and imposition of lockdown at regional and national level has impacted demand for siding across the globe. For the market to resurrect to its original form, construction activities should restart at force which is possible post 4th quarter of FY2020. Not only siding demand, supply has also been put on hold to normalize the market prices which is set to normalize the overall production cost, post market resurrection. All in all supply chain of siding has been disrupted and is set to remain till the end of 4th quarter FY 2020.
Segmentation analysis of Global Siding Market
Global siding market is bifurcated into three major categories: Siding type, end-use, application and region.
On the basis of siding type, the global market for siding is divided into:
- Wood Siding
- Stone Siding
- Plastic Siding
- Metal Siding
- Composite Siding
- Metal Siding (Aluminum and Steel)
- Vinyl Siding
- Fiber Cement Siding
- Brick Siding
On the basis of end-use, the global market for siding is categorized as:
On the basis of application, the global market for siding is categorized as:
- New construction
- Repair and maintenance
Based on the region, the global market for siding is segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Siding Market: Regional Outlook
Asia Pacific region dominates the production of siding followed by North America. Japan and China are considered as leading manufacturers, backed by their usual mounting construction industry and increasing number of infrastructure projects from regional government. Furthermore, wood type siding is expected to experience high demand in North America based market. India is seen as potential market for brick based siding for numerous construction activity including residential and non-residential. However, development in construction industry in Middle East and Africa region has resulted in opening up numerous opportunities for wood and metal siding during the forecast period (2020-2030).
Key players of Siding Market
Boral limited an Australia based siding production company has shown significant growth with respect to siding market. Company has a well-established global and regional presence. Boral interacts with retailers, home builders, contractors and commercial builders to meet customer requirement and gain more market share. Other global prominent players in global siding market includes James Hardie Industries PLC, Nichiha Corporation, Compagnie de Saint-Gobain S.A., Westlake Chemical, Louisiana Pacific Corporation, Etex Group, Cornerstone Building Brands and Döcke Extrusion Co. Ltd. Furthermore, key players like Nichiha Corporation have announced taking steps to scale up production capacity to meet mounting demand across the globe. With increasing opportunities and growing future scope will increase the competitiveness of market, adding number of siding manufacturers across the globe.
The research report presents a comprehensive assessment of the siding market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. This siding market report provides analysis and information, according to market segments such as siding type, end-use, application and region.
The global siding market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The global siding market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, ANZ, Rest of Oceania)
- MEA (GCC Countries, South Africa, Turkey, Rest of MEA)
The siding market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global siding market report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The global siding market report also maps the qualitative impact of various market factors on market segments and geographies.
The global siding market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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