Global Siding Industry Industry

Global Siding Industry Industry

  • July 2020 •
  • 350 pages •
  • Report ID: 4159766 •
  • Format: PDF
Global Siding Industry Market to Reach $119.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Siding Industry estimated at US$100 Billion in the year 2020, is projected to reach a revised size of US$119.8 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027. Fiber Cement, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$48 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vinyl segment is readjusted to a revised 2.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $27 Billion, While China is Forecast to Grow at 4.9% CAGR

The Siding Industry market in the U.S. is estimated at US$27 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.1 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Wood Segment to Record 2.3% CAGR

In the global Wood segment, USA, Canada, Japan, China and Europe will drive the 1.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.7 Billion in the year 2020 will reach a projected size of US$14.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.4 Billion by the year 2027, while Latin America will expand at a 3.1% CAGR through the analysis period. We bring years of research experience to this 15th edition of our report. The 350-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Alside Inc.
  • American Building Components
  • Associated Materials Inc.
  • Boral Limited
  • Certain Teed Corporation
  • Designer Panel Systems
  • Etex
  • Forterra Building Products Limited
  • Gentek Building Products Inc.
  • Georgia-Pacific Corporation
  • James Hardie Industries PLC
  • Kaycan Ltd.
  • LIXIL Group Corporation
  • Louisiana-Pacific Corporation
  • Metal Building Components Inc.
  • National Cladding Wales Ltd.
  • NCI Building Systems
  • Nichiha Corporation
  • Palagio Engineering Srl
  • Peter L. Brown Co.,
  • Ply Gem Holdings Inc.
  • Royal Building Products
  • Ruukki Construction
  • Sto Corp.
  • The Alumasc Group PLC
  • Wienerberger AG