Growing Building and Construction Industry to Fuel the Demand for Siding Market in the Global Market

Market Research Future (MRFR) has published on the “Global Siding Market”.

The global siding market is estimated to register a CAGR of 4.9% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Siding Market— Saint-Gobain S.A, Westlake Corporation, Boral, Etex Group, Kingspan, Georgia-Pacific, James Hardie Industries PLC, Louisiana-Pacific Corporation, Nichiha Co., ltd and Cornerstone Building Brands.

Market Highlights

The Global Siding Market is estimated to register a CAGR of 4.9% during the forecast period and is estimated to reach USD 153.4 Billion by 2030.

Strong construction activity, characterized by a high number of new buildings and homes being constructed, drives a surge in the demand for siding materials. As new structures are erected, they require siding to protect them from weather elements and enhance their appearance. In addition to new construction, existing buildings and homes undergo renovations and remodeling. Siding replacements are commonly included in these projects to refresh the appearance and improve the energy efficiency of older structures. Thus, renovation activities contribute to the demand for siding materials. Moreover, for businesses operating in the siding market, strong construction activity represents an excellent opportunity to generate higher revenues. Increased demand for siding materials can lead to increased sales and profitability. Furthermore, Government initiatives aimed at promoting energy-efficient buildings often encourage the use of siding materials with high thermal performance and insulation capabilities. Siding products that help reduce energy consumption and lower heating or cooling costs can gain popularity in such scenarios. Many governments incentivize the use of sustainable building materials, including eco-friendly siding options. Siding products made from recycled materials or those with a lower environmental impact may receive favorable treatment, leading to increased adoption in the market. Moreover, sustainable siding materials are often manufactured using eco-friendly processes that minimize harmful emissions and waste. For example, Fiber cement siding is made from a blend of sustainable materials, including cement, sand, and cellulose Fibers, and is considered a low-carbon alternative to other siding options.

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Segment Analysis

The global siding market has been segmented based on material, and application.

On the basis of material, the market is segmented into vinyl, fiber cement, wood, metal, and others. The vinyl segment dominated the global market in 2022, while the fiber cement segment is projected to be the fastest–growing segment during the forecast period. This is due to vinyl siding is a long-lasting kind of plastic that is often used on the exterior of houses. It is available in a variety of colors and designs, including some that mimic the appearance of wood and other siding materials. A color coating is applied to nearly every siding material other than vinyl. Vinyl siding and shutters are distinguished by their baked-in color. The color of vinyl siding is completely homogeneous: the color on top runs all throughout. This means the color cannot be mechanically abraded, scraped off, or peeled away. According to the annual data from the Census Bureau’s Survey of Construction (SOC) vinyl siding (24 percent) was the commonly used siding material on new single-family homes started in 2021 after stucco. Furthermore, Fiber cement siding is a long-lasting and low-maintenance material that is frequently used to cover the exterior of homes and, in some circumstances, commercial structures. It is made of cellulose fibers, cement, and sand, which makes it long-lasting and sturdy. fiber cement siding is made from a variety of materials, the most common of which are Portland cement (limestone, clay, and iron), sand or fly ash, water, and cellulose fibers or wood pulp. For binding and durability, some producers use a few unique chemicals.

Based on application, the global siding market is bifurcated into residential, commercial, and industrial. The commercial segment is further bifurcated into commercial office spaces, healthcare, shopping malls & centers, educational centers, hospitality, and others. The residential segment dominated the market in 2022, while the commercial segment is projected to be the fastest–growing segment during the forecast period. In the US, vinyl siding is one of the most common options. It is a type of plastic siding that is commonly found on smaller residences or apartment complexes that require weatherproof protection (particularly in locations prone to heavy precipitation and storms). It is available in several hues, making it an appealing external choice. Vinyl siding is a low-cost siding option. The residential building sector is the primary end-user business for fiber cement, which is utilized for internal claddings such as partition walls, windowsills, ceilings and floors, and tile backer boards. The extensive usage of fiber cement products in the residential business is owing to a variety of benefits, including concrete wear and tear durability, UV resistance, fire resistance, insect, and algae resistance, corrosion-free, aesthetically pleasing, and others. Furthermore, fiber cement products are easy to install, low-maintenance, long-lasting, and cost-effective, with low noise penetration and heating impacts, making them the ideal material in inexpensive housing around the world.

Regional Analysis

The global siding market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe siding market comprises of Germany, France, UK, Spain, Italy, and the rest of Europe. The Global Siding Market in Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. The Middle East & Africa siding market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The Global Siding Market in South America has been segmented into Brazil, Argentina, and Rest of South America.

The largest market share for siding was maintained by the North America regional sector. The North America siding market's growth has been driven by increasing demand for cement materials, namely vinyl, stucco, brick, and fiber materials in the region. According to the American Ceramic Society, vinyl held first place with up to 26%, followed by stucco at 25%, brick at 20%, and clay at 21% in 2019. Moreover, the aging housing stock in the US is increasing the demand for siding, which is propelling the region’s growth. The American Community Survey reported that the median age of owner-occupied homes was 40 years old in 2021 and increasing home prices forced homeowners to spend more on improvements to their homes. Thus, the aging of the housing stock implies boosting the growth of remodeling. Furthermore, outside players are entering into agreements to fulfill the demand for siding requirements in the Canadian market, creating opportunities for the region’s market. For instance, in June 2023, Saint-Gobain (France) acquired Building Products of Canada Corp. (Canada) to provide innovative and sustainable roofing solutions along with siding solutions through its Kaycan (Canada) subsidiary.

Moreover, Europe is the second-largest region in the siding market. The market growth has been influenced by rising demand for energy-efficient homes. The European Climate Foundation reported in 2022 that in countries such as the Czech Republic, Germany, Italy, and Spain, the population is more inclined to buy and rent energy-efficient homes. Moreover, the rise in residential construction and infrastructure activities is fueling the demand for siding in the European market. As per EUROCONSTRUCT, there was an overall 3% increase in the European construction sector within the expansionary economic environment in 2022. Furthermore, the economic recovery is also playing an imperative role in the growing demand for siding in Europe’s siding market.

Additionally, the Asia Pacific siding market has grown significantly in recent years. Asia-Pacific siding market growth is positively influenced by infrastructure projects, which are increasing the demand for the siding. According to the China 14th Five-Year Plan i.e., 2021–2025, which emphasizes projects associated with the new urbanization, transportation, energy, and water systems that also includes retrofitting. Moreover, as per the National Investment Construction and Facilitation Agency, more than 40% of the population of India is expected to live in urban areas by 2040, creating lucrative opportunities for the Asia-Pacific siding market.

The rapid recovery of the construction industry in the Middle East & Africa region is creating flourishing opportunities for the region’s market. In July 2022, the International Trade Administration (US) announced that the UAE’s construction market was increasing by 3.7% to 4.7%. Moreover, as per the New Urban Agenda 2022, a significant rise in urbanization in the Suadi Arabian country has been experienced, increasing the demand for siding in the region.

Furthermore, the Siding market in South America is anticipated to grow at a substantial rate over the forecast period. The demand for siding in the South America region is growing due to the expansion of the middle-class population and rapid urbanization in Brazil. Moreover, the growing population in Argentina is creating huge opportunities for the market. Furthermore, 94.3% of the population of Argentina lives in urban areas, which is also contributing to the South American siding market's growth. Also, the growing disposable income of Brazil and Argentina, owing to income growth and inequality reduction, positively contributes to the growth of the market.

Key Findings of the Study

• The Global Siding Market is expected to reach USD 153.4 Billion by 2030, at a CAGR of 4.9% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market due to government regulations and incentives, advancements in the field of siding market, and demand for household and construction activity.


• Based on application, the residential segment was attributed to holding the largest market in 2022.


• Saint-Gobain S.A, Westlake Corporation, Boral, Etex Group, Kingspan, Georgia-Pacific, James Hardie Industries PLC, Louisiana-Pacific Corporation, Nichiha Co., ltd and Cornerstone Building Brands are the key market players.