The Siding Market is expected to grow from USD 87.30 Billion in 2022 to USD 102.30 Billion by 2030, at a CAGR of 2.30% during the forecast period.
Get the Sample Report: https://www.reportprime.com/enquiry/sample-report/119
Siding refers to the outer covering or cladding of any building, which is installed to protect the structure from weather elements. The global siding market research report segments the market on the basis of type, application, region, and major market players. The types of siding covered under this report include wood siding, metal siding, plastic siding, composite siding, stone siding, and others. The applications of siding are categorized as infrastructure projects, residential buildings, commercial buildings, industrial constructions, and others. The geographical regions covered in this report include North America, Asia Pacific, Middle East, Africa, Australia, and Europe. The major market players profiled in the report are Alumasc, Boral, Knauf, Kingspan Panels, James Hardie Industries, Tata BlueScope Steel, Designer Panel Systems, Lakesmere Group, Nichiha, MBCI, Metalcraft Roofing, Weathertex, Peter L Brown, Ruukki Construction, and more. The report also provides information about the regulatory and legal factors that impact the siding market's growth, specific to market conditions. Overall, it is a comprehensive report that guides investors and other stakeholders to make informed decisions regarding the siding market.
Purchase this report: https://www.reportprime.com/checkout?id=122&price=3590
One of the latest trends in the siding market is the growing popularity of fiber cement siding due to its durability, low-maintenance, and design options. Composite siding materials such as vinyl and polymer are also gaining traction among consumers. Another trend is the strong demand for eco-friendly and sustainable exterior cladding options, especially among homeowners who prioritize environmental conservation and energy efficiency.
However, the siding market also faces some significant challenges, such as fluctuating raw material prices, increasing competition from alternative cladding products, and the limited availability of skilled labor, which can significantly impact the cost of installation. The outbreak of COVID-19 has also hampered the growth of the global building industry, which has negatively affected the demand for siding products.
This report covers impact on COVID-19 and Russia-Ukraine wars in detail.