Global Siding Industry is projected to cross 44 billion square feet by 2015. Asia-Pacific (excluding Japan) represents the largest market for siding. Rapid industrialization, and growing construction activities in major parts of the continent is contributing to brisk growth of siding industry in Asia-Pacific. Siding market in Rest of World, which includes Africa/Mideast, and Latin America, represents the second fastest growing market after Asia-Pacific over the period 2006-2015.
Brick Siding Market represents the largest product segment. Asia-Pacific, representing the largest market within the segment, is projected to grow at a CAGR of 4.5% for the next few years. The brick siding segment is however anticipated to experience bleak growth globally in coming years, due to increasing competition from other siding types.
Siding Industry: A Global Strategic Business Report
Fiber Cement Siding Market is poised to register the fastest CAGR over the analysis period. The product features such as elegant appearance, resistance to termites and UV rays, extended durability, and low cost are all helping the market to score above-average gains. With the rise in demand for durable, better performing and affordable products, the fiber cement siding is further expected to record strong gains by consistently wresting share from other competing siding products such as vinyl siding. Japan represents the largest global market for fiber cement siding. The US represents the fastest growing market for fiber cement siding globally.
Vinyl siding is growing remarkably in developing countries, with increasing demand for western-styled homes. Metal siding also boasts immense potential for growth, and the increasing consumer expenditure for industrial as well as other non-residential building construction promises encouraging gains for the siding option in coming years. Of all the siding types, the wood siding is constantly registering bleak growth in several global markets, owing to the regular maintenance, and high cost associated with the siding style. Huge acceptance for durable and premium products is also sprucing up the global market for concrete, and masonry siding product such as tiles.
These and other market data and trends are presented in "Siding Industry: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, recent developments, product profile, players, competition, demand forecasts, mergers, acquisitions, and other strategic industry activities. The siding industry is analyzed in Million Square Feet by the following Geographic Regions - USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World; and Product Segments - Brick Siding, Fiber Cement Siding, Metal Siding, Stucco/EIFS Siding, Vinyl Siding, Wood Siding, and Other Siding Materials. Analytics for the period 2000-2015 provide a comprehensive understanding of the market.
The siding industry is highly fragmented, with no siding manufacturing company holding dominant share. Leading global players profiled in the report include Associated Materials Inc., Alside Inc., Crane Performance Siding, Georgia-Pacific Corp., James Hardie Industries N.V., Louisiana-Pacific Corp., NCI Building Systems Inc., Nichiha Corporation, Ply Gem Holdings, Inc., Saint Gobain, CertainTeed Corporation, and Wienerberger Baustoffindustrie AG, among several others.