Table of Contents
Overview
New York, NY – June 03, 2025 – The Global Siding Market is poised for steady growth, projected to reach USD 165.2 billion by 2034, up from USD 119.4 billion in 2024, advancing at a CAGR of 3.3% over the forecast period from 2025 to 2034.
In 2024, Vinyl Siding led the Siding Market with a 41.5% share, driven by its affordability, durability, and minimal maintenance needs. The residential sector dominated the Siding Market in 2024, holding a 57.9% share. This growth is fueled by increased renovation and remodeling projects, particularly in developed economies, alongside rising new housing construction driven by urbanization and favorable mortgage rates.
Key Takeaways
- Global Siding Market is expected to be worth around USD 165.2 billion by 2034, up from USD 119.4 billion in 2024, and grow at a CAGR of 3.3% from 2025 to 2034.
- In the Siding Market, Vinyl accounted for a 41.5% share, driven by its cost-effectiveness.
- The residential sector led the Siding Market with a 57.9% share, fueled by renovation projects.
- Asia-Pacific’s siding sector recorded USD 47.2 Bn, capturing a 9.6% market share.
How Growth is Impacting the Economy
- The Siding Market is expanding significantly, influences the global economy by stimulating the construction and manufacturing sectors. The projected growth to USD 165.2 billion by 2034 creates jobs in production, distribution, and installation, particularly in urbanizing regions like Asia-Pacific, where infrastructure investments are robust. Increased demand for energy-efficient siding, such as insulated vinyl, reduces building energy costs, enhancing economic efficiency.
- Renovation projects, especially in North America and Europe, boost local economies through higher property values and construction spending. However, fluctuating raw material prices pose challenges, potentially increasing costs for consumers and manufacturers. The market’s growth fosters innovation, driving investments in sustainable materials and technologies, further strengthening economic resilience.
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Strategies for Businesses
- Businesses in the siding market should focus on innovation, emphasizing eco-friendly materials like fiber cement and insulated vinyl to meet the rising demand for sustainability. Expanding into high-growth regions like Asia-Pacific, leveraging urbanization trends, can boost market share. Strategic partnerships with construction firms and distributors enhance market reach. Investing in digital technologies for production efficiency and customer engagement, as seen with companies like Associated Materials, is crucial. Additionally, offering customized solutions for residential and commercial clients can differentiate brands in a competitive landscape, ensuring long-term growth and profitability.
Report Scope
| Market Value (2024) | USD 119.4 Billion |
| Forecast Revenue (2034) | USD 165.2 Billion |
| CAGR (2025-2034) | 3.3% |
| Segments Covered | By Product (Vinyl, Fiber Cement, Wood, Others), By End-use (Residential, Non-residential) |
| Competitive Landscape | Alside, Boral Limited S.A., CertainTeed, Cornerstone Building Brands, Inc., Docke Extrusion Co. Ltd, Etex Group, Gentek Canada, Georgia-Pacific, James Hardie Building Products Inc., Kingspan Group, Louisiana Pacific Corporation, Nichiha Corporation, Norandex, Saint-Gobain SA, Westlake Royal Building Products |
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Key Market Segments
By Product Analysis
- In 2024, vinyl siding led the Siding Market with a 41.5% share, driven by its affordability, durability, and minimal maintenance needs. Its popularity in residential and commercial applications stems from enhanced weather resistance and a variety of colors, textures, and finishes. The rise in demand for energy-efficient insulated vinyl siding further strengthens its position, particularly in regions with extreme climates. Advancements in manufacturing have improved product longevity, catering to diverse consumer preferences. As construction and renovation activities grow, vinyl siding is expected to maintain its dominance, solidifying its role as a market leader.
By End-use Analysis
- The residential sector dominated the Siding Market in 2024, holding a 57.9% share. This growth is fueled by increased renovation and remodeling projects, particularly in developed economies, alongside rising new housing construction driven by urbanization and favorable mortgage rates. Homeowners’ focus on energy-efficient, weather-resistant, and aesthetically pleasing siding options boosts property values and market demand. A wide range of materials, including vinyl, fiber cement, and wood, enhances consumer choice. With ongoing urban development and government support for affordable housing, the residential segment is poised to sustain its market leadership.
Regional Analysis
- In 2024, Asia-Pacific captured a 9.6% share of the Siding Market, generating USD 47.2 billion, driven by rapid urbanization and infrastructure investments in emerging economies like China and India. North America followed, with strong demand from renovation projects and advanced construction. Europe saw steady growth, fueled by energy-efficient siding adoption.
- The Middle East & Africa experienced moderate expansion due to durable siding needs in harsh climates. Latin America showed steady progress, supported by construction sector recovery and growing awareness of sustainable materials. Regional dynamics highlight opportunities for tailored market strategies.
Recent Developments
Alside
- Alside, a leading manufacturer of vinyl siding, has introduced new premium siding collections with enhanced durability and weather resistance. Their 2024 product line focuses on eco-friendly materials and improved energy efficiency. The company has also expanded its distribution network to meet rising demand in North America.
Boral Limited S.A.
- Boral has invested in sustainable fiber cement siding, reducing carbon emissions in production. Their 2024 innovations include fire-resistant and low-maintenance siding options. The company is expanding in the U.S. and Australian markets, targeting residential and commercial projects.
CertainTeed
- CertainTeed launched next-generation insulated vinyl siding, improving thermal performance. Their 2024 sustainability initiative focuses on recycled materials and reduced waste. They also introduced AI-powered design tools to help customers visualize siding options.
Cornerstone Building Brands, Inc.
- Cornerstone expanded its vinyl and polymer siding lines with advanced weatherproofing technology. Their 2024 acquisitions strengthened manufacturing capabilities, while new energy-efficient siding options cater to green building trends.
Docke Extrusion Co. Ltd
- Docke, a key player in PVC siding, introduced high-impact-resistant siding for extreme climates. Their 2024 European market expansion includes new distribution hubs, and they are testing recyclable siding materials for sustainability.
Conclusion
The Siding Market’s robust growth, projected to reach USD 165.2 billion by 2034, underscores its economic significance. Driven by urbanization, renovation demands, and sustainable material trends, the market offers substantial opportunities for businesses. While challenges like raw material price volatility persist, strategic innovation and regional expansion can ensure competitiveness. As construction activities and energy efficiency needs rise, the siding market will continue to play a pivotal role in shaping global infrastructure and economic development.
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