The Global Siding Market is expected to be valued at USD 118.50 Billion in 2027 from USD 87.26 Billion in 2019, registering a CAGR of 3.8% through the forecast period. Significant factors contributing to the expansion of the industry are changing lifestyles of the consumers, growing attraction for modern décor, and augmenting population across the world. Vinyl siding is the most preferred and inexpensive siding materials preferred by house owners worldwide. If appropriately maintained, vinyl siding can last for a more extended period. Vinyl siding is primarily made from polyvinyl chloride resin and is exceptionally beneficial in house constructions and does not necessitate the need for annual maintenance and painting.
The enhanced durability, versatility, cost-efficiency, and easy installation of the siding is further bolstering the market growth. The availability of various sidings such as wood, vinyl, concrete, and fiber cement, is additionally gaining traction from the consumers. This, in turn, boosting the adoption of the sidings and contributing to the expansion of the industry.
The market is projected to remain highly competitive and fragmented over the projected timeframe owing to the presence of numerous SMEs and large organizations. The exponential growth of the siding market over the last decade has paved the way for the emergence of new players and the advent of lucrative opportunities in the market. The augmenting demand for novel siding, modern home décor, and a diverse product portfolio is projected to further boost the market’s growth in theestimated timeframe.
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For the purpose of this report, Emergen Research has segmented the Global Siding Market on the basis of application, material type, and region:
Application Outlook (Volume, Million Metric Tons; Revenue, USD Billion; 2017–2027)
Material Type Outlook (Volume, Million Metric Tons; Revenue, USD Billion; 2017–2027)
Regional Outlook (Volume, Million Metric Tons; Revenue, USD Billion; 2017–2027)
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