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 the wall for protecting the building against sun rays, rain, snow, dust, and cold. In addition to this, siding also creates a comfortable environment in the interior of the building.
Furthermore, siding is available in numerous forms types depending on the type of material. With properties such as water, resistance has made siding one of the best choice for applying for building purposes. As a result of this, demand for siding has begun to increase in the last two decades in the region depending on climatic conditions and availability of material. It is much of the time sold as wood, composite, stone, metal, and vinyl siding used to apply in the roof as well as the exterior of the building. U.S., Japan, and China are among the leading producers of siding across the 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 the regional and national level have impacted demand for siding across the globe. For the market to resurrect to its original form, construction activities should restart at the force which is possible post 4th quarter of FY2020.
Not only siding demand, but 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 the 4th quarter FY 2020.
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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 an increasing number of infrastructure projects from the regional government. Furthermore, wood-type siding is expected to experience high demand in North America based market.
India is seen as a potential market for brick-based siding for numerous construction activity including residential and non-residential. However, development in the construction industry in the 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 the siding market. The company has a well-established global and regional presence. Boral interacts with retailers, home builders, contractors, and commercial builders to meet customer requirements and gain more market share. Other global prominent players in the global siding market include
- James Hardie Industries PLC
- Nichiha Corporation
- Compagnie de Saint-Gobain S.A.
- Westlake Chemical
- Louisiana Pacific Corporation
- Etex Group
- Cornerstone Building Brands
- Döcke Extrusion Co. Ltd.
key players like Nichiha Corporation have announced taking steps to scale up production capacity to meet mounting demand across the globe. Increasing opportunities and growing future scope will increase the competitiveness of the market, adding a 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.
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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.
An Adaptive Approach to Modern-day Research Needs
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
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