The global siding market was valued at USD 115.60 Billion in 2023 and is anticipated to grow at a CAGR of 4.40% during the forecast period of 2024 to 2032. The market is further expected to reach a value of nearly USD 170.32 Billion by 2032. The siding market is driven by increasing demand for durable, energy-efficient, and aesthetically appealing exterior materials. Factors like residential construction growth, climate resilience, and eco-friendly innovations fuel this trend.
Base Year
Historical Year
Forecast Year
| Global Siding Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 115.6 |
| Market Size 2032 | USD Billion | 170.3 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.4% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.7% |
| CAGR 2024-2032 - Market by Country | India | 6.5% |
| CAGR 2024-2032 - Market by Country | Mexico | 4.1% |
| CAGR 2024-2032 - Market by Materials | Vinyl | 4.8% |
| CAGR 2024-2032 - Market by End Use | Residential | 4.8% |
| Market Share by Country 2023 | Australia | 1.4% |
Factors driving the global market for siding include growing demand for energy-efficient materials and increased residential and commercial construction activities. Increasing attention to reducing environmental impact has resulted in the adoption of sustainable siding materials, including fiber cement, vinyl, and composite options. Government initiatives to enhance the energy efficiency of buildings and consumer preferences for low-maintenance products have further boosted siding market growth.
Trends in the market include moving toward more aesthetically pleasing, customizable options to fit the needs of contemporary architectural designs. Innovations in materials and technology are also leading to improved durability and performance. Additionally, rising eco-friendly products, such as those with recycled content, and smart homes will continue to shape the future of the market.
An example of these trends is the growing popularity of vinyl siding, which offers aesthetics, customizability, and durability. Companies such as CertainTeed offer a variety of colors, textures, and profiles, all of which align with contemporary architectural designs. In addition, siding products made from recycled materials, such as James Hardie's eco-friendly fiber cement, support the trend toward sustainability. Innovative smart siding systems, for instance, with technology to enhance energy efficiency, are also becoming popular as the demand for smart homes continues to rise.
The two major growth drivers for the siding industry include increasing demand for energy-efficient building materials and rising home renovations. Heightened awareness of sustainability is resulting in more consumers and builders preferring siding products offering better insulation, which reduce energy consumption, thereby propelling the siding demand growth.
Moreover, the increased popularity of home renovations due to demands for aesthetics and functionality further enhances the demand for durable, high-performance, and customizable siding options. All these drivers are accelerating market expansion across the globe.
Siding is essential in defining the minimalist aesthetic of a building because it offers clean, sleek, and uniform exterior finishes. Modern siding materials, such as metal, vinyl, and fiber cement, complement minimalist designs with smooth lines and simple profiles that help convey the sense of calmness and simplicity. These materials are also low maintenance, which fits into the ethos of minimalism: functionality. This increased homeowners and developers using minimalist architecture fuels demand in siding products to make even clean, modern exteriors particularly in urban cities.
Value in USD Billion
2024-2032
Siding Market Outlook
*this image is indicative*
Green building, renovation trends, smart products, and emerging markets boost siding demand globally.
Growing green building certifications and sustainable construction trends are compelling demand for more earth-friendly siding materials. In many countries, including the United States, governments provide incentives to individuals and builders for using green building energy-efficient and recyclable products. Thus, eco-friendly types of siding include fiber cement siding, recycled vinyl siding, and wood-plastic composites. For example, CertainTeed has a variety of green siding products that meet LEED requirements, which appeal to the environmentally aware consumer. This trend will continue to grow as building codes continue to be more lenient towards sustainable solutions, which is a great opportunity for siding manufacturers.
As housing markets continue to change, more homeowners are investing in renovation and remodelling projects, which increases demand for siding, thereby boosting the siding market dynamics and trends. This is especially true in mature markets like North America and Europe, where older homes are renovated for aesthetic appeal, energy efficiency, and durability. High-performance materials such as insulated vinyl siding, fiber cement, and engineered wood are increasingly in demand for their durability and efficiency. For instance, James Hardie's fiber cement siding is widely used in home remodeling for its aesthetic versatility and ability to withstand harsh weather conditions. This trend helps the siding industry by fueling demand for long-lasting, low-maintenance materials.
The technological advancement in the construction industry is driving smart siding products, which are embedded with features such as solar panels and enhanced insulation properties. These innovations are most attractive to consumers who look for energy-efficient homes, thus boosting the siding demand. For instance, LP Building Solutions has introduced their product line called SmartSide with superior durability and energy-saving properties, which can reduce heating and cooling costs. The growing market for smart homes, in which consumers expect integrated, sustainable technologies, provides a big opportunity for such innovative siding products. Those manufacturers that can incorporate features of tech into their products are likely to take maximum advantage of this trend.
Consumers are increasingly becoming conscious of climate change and sustainable living. Thus, demand for durable, low-impact siding materials is on the rise. Homeowners and builders need durable, low-maintenance items that decrease their environmental footprints. Materials such as fiber cement, offering longevity and fire-resistant qualities, and engineered wood, taking up less natural timber, are gaining popularity. Thus, the fiber cement product by Nichiha meets these two criteria: high durability and sustainability. This shift towards sustainability is shifting the market, making manufacturers strive towards innovation with durable, environmentally-friendly materials that require minimum upkeep.
Two emerging trends in the global market for siding are the use of eco-friendly materials and smart siding solutions. The trend of green building initiatives increases the demand for sustainable materials, which includes fiber cement and recycled wood.
For example, LP Building Solutions offers products that have been made by LP SmartSide using the SmartGuard technology to be more durable. Furthermore, smart siding materials, such as TruExterior's poly-ash siding, are coming in with weather resistance and readiness for integration with solar panels, which can make for energy-friendly design, thus pushing new trends in the siding market.
Technological integration is shaping the rise of product offerings in the market. Advanced materials such as fiber cement and vinyl are being integrated with intelligent technologies such as sensors to provide energy efficiency and weather resistance. Innovations from firms like James Hardie and CertainTeed involve improved durability, easier installation, and long-term performance using digitally enhanced siding. This trend follows the increased demand for low-maintenance, high-tech, and energy-efficient solutions in building applications in the residential and commercial markets.
Sustainable Building Materials
Sustainable building materials are now becoming a leading driver in the siding market. Fiber cement, metal, and recycled vinyl are gaining popularity in siding markets as consumers look for energy-efficient, low-maintenance solutions and governments increasingly adopt policies that promote sustainable construction. Fiber cement, for example, offers durability with reduced environmental impact, making it a favorite in residential and commercial markets. The global green building materials market is growing, and players like Saint-Gobain and Holcim contribute significantly, thereby shaping siding market opportunities.
Technological Innovation
Technological advances, like smart siding products equipped with solar panels and improved insulating features, are a promising market opportunity for siding. This is mainly because consumer demand is increasing for energy-efficient, technologically integrated homes. Energy saving solutions, such as the ones from LP Building Solutions and CertainTeed, are able to capitalize on this emerging demand for smart, low-maintenance siding products. The use of energy-efficient building materials has been supported by regulatory frameworks in markets such as the United States and Europe.
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“Siding Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Based on material, the market is divided into:
On the basis of end-use, the siding industry is divided into:
Market Breakup by Region
By Material Analysis
As per siding market analysis, the demand for siding materials is driven by durability, aesthetic appeal, and sustainability. Vinyl siding is the leading market because of its affordability, low maintenance, and weather resistance. It is used both in residential and commercial applications.
Fibre Cement is used as it is fire-resistant and has a weather durability and aesthetic flexibility. Wood is still in vogue because of its natural appeal and insulation properties. Others such as metal and stone are used for high-end commercial and residential applications, which further supports the growth in the market.
Market Analysis by End Use
As per siding industry analysis, residential is the highest end-use segment for siding due to the demand for energy-efficient, low-maintenance, and aesthetically pleasing products for new construction and renovation purposes, along with a 4.8% CAGR during the forecast period. As the trend for sustainable and eco-friendly housing increases, the demand for fiber cement and vinyl is also increasing.
The non-residential market grows in commercial buildings, schools, and hotels requiring long-lasting, energy-efficient siding materials that also provide a modern or upscale look. Materials such as metal and stone are favored for their durability, strength, and contemporary appearance, so this is also a factor in further market growth.
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North America Siding Market Opportunities
The North America siding market is expanding owing to the construction industry that has started to gain momentum in the region, witnessing increased investment in residential and commercial projects. In the United States alone, new home construction went up 10% in 2020, boosting demands for siding. Government housing initiatives like the Affordable Housing Initiative, AHI, support this development.
Asia Pacific Siding Market Trends
In the Asia Pacific region, countries like China and India are seeing significant growth in the siding market driven by rapid urbanization and infrastructure development, thus garnering a 5.70% CAGR through 2032. The Indian government’s “Housing for All” initiative, along with a growing middle class, is pushing the demand for residential and commercial siding. China, with its extensive residential and industrial construction, is expected to dominate growth.
| CAGR 2024-2032 - Market by | Country |
| India | 6.5% |
| Mexico | 4.1% |
| Australia | 3.9% |
| Germany | 3.2% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
| France | XX% |
| Italy | XX% |
| China | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
Europe Siding Market Dynamics
Green building initiatives and regulations related to energy-efficient construction boost the Europe siding market. The building energy performance regulations of the European Union have played a vital role in stimulating the demand for more durable and energy-efficient siding materials. Further, Germany has been recording growth due to its concern with sustainable and environmentally friendly materials in construction.
Middle East and Africa Siding Market Drivers
In the Middle East and Africa, Saudi Arabia and Turkey are driving demand for siding, especially fiber cement due to rapid urbanization and large-scale construction projects. Government-led initiatives such as Saudi Arabia's Vision 2030 aims to diversify the economy and increase infrastructure development, thus increasing siding requirements.
Latin America Siding Market Insights
The Latin America siding market benefits from economic recovery and higher residential construction. The Mexico market is one of the fastest growing with good governmental support on the housing development programs as efforts to reduce housing deficits gain momentum. Demand for vinyl and fiber cement siding is prominent especially in the evolution of materials for constructions.
Siding market players are concentrating on innovation, sustainability, and expanding product lines. Companies such as James Hardie and LP Building Solutions emphasize developing energy-efficient, long-lasting, and eco-friendly siding materials that meet sustainable construction demands. Siding companies target emerging markets, especially Asia-Pacific, where urbanization stimulates demand. Others seek to improve customer experience through digital channels and offer customizable designs.
Saint-Gobain Group is a France-based business that was founded in 1665. It offers different kinds of sustainable building materials and includes products like siding solutions under the brand CertainTeed, which is recognized for vinyl and fiber cement.
Westlake Chemical Corporation was also founded in 1986, and its headquarter is located in Houston, Texas. West...
Louisiana-Pacific Corporation, founded in 1973 and based in Nashville, Tennessee, offers innovative siding pro...
NICHIHA Co., Ltd., founded in 1956 and based in Suwanee, Georgia, provides fiber cement siding solutions that ...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other siding market players include SHERA Public Company Limited, Cornerstone Building Brands, LLC, James Hardie Building Products Inc., and Etex Group, among others.
Startups in the siding market focus on innovation in sustainable, cost-effective materials, extending product life, and streamlining installation. They concentrate on harnessing new technologies and the increasing demand for bespoke energy-efficient solutions, catering to the environmentally conscious consumer and the visionary architecture of today.
Sierra Pacific Windows: A siding start-up specializing in energy-efficient, customized exterior products. They produce high-performance wood and composite sidings suitable for durability, sustainability, and energy consumption reduction for both residential and commercial building designs.
RevWood by Mohawk: Innovative engineered wood siding solutions with increased water resistance and durability. Its products are designed to simulate real wood but low on maintenance and environmentally friendly for aesthetic appeal and performance.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate volume of 115.60 Billion.
The siding industry is assessed to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach around 170.32 Billion by 2032.
The major market drivers are increasing residential and non-residential construction and other infrastructural activities and the high durability of sidings., and its .
The key trends in the market are the ability of sidings to enhance the aesthetic appearance of the buildings and provide protection from extreme weathering.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various materials of siding in the market are vinyl, fibre cement, and wood, among others.
The end uses in the market are residential and non-residential.
The major players in the global siding market are Saint-Gobain Group, Westlake Chemical Corporation, Louisiana-Pacific Corporation, NICHIHA Co., Ltd., SHERA Public Company Limited, Cornerstone Building Brands, LLC, James Hardie Building Products Inc., and Etex Group, among others.
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| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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India
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Philippines
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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