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Global siding market analysis

By region, the global siding market is segmented as Europe, Asia-Pacific, North America, South America, and Middle East & Africa. North America held the largest market share. Home Energy Loan Program (HELP), Home renovation tax credit, and other government initiatives enable homeowners to install energy-efficient siding and have a positive impact on North America siding market.<br><br>The global siding market size was valued at USD 100.1 billion in 2018, which is expected to witness 4.4% CAGR during the forecast period.

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Global siding market analysis

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  1. Siding Market www.marketresearchfuture.com

  2. Market Overview: The Siding Market size was valued at USD 100.1 billion in 2018; it is expected to witness 4.4% CAGR during the forecast period. The global market for siding is expected to grow at a significant rate during the forecast period. The booming construction sector has further fueled the market demand. The increasing urbanization and the rise in investments for renovation construction, particularly in new housing, are the prime factors that are driving the siding industry. The building renovation construction market is growing more than the expected rate. The rise in renovation construction is likely to boost the demand for siding in the global market. Browse Complete Report Details: https://www.marketresearchfuture.com/reports/siding-market-8355

  3. Regional Analysis: On the basis of region, the global market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. In 2018, North America held the largest share in the global siding market, followed by Asia-Pacific and Europe. North America will continue dominance until 2025. The growth of the construction industry and the presence of major manufacturers in this region have led to a high demand for siding market. Moreover, commercial buildings such as commercial complexes and offices are increasing as the business hubs are turning overpopulated, creating demand for new complexes, leading to the market growth.

  4. Segmental Analysis: The global siding industry has been segmented into material, application, and region. By material, the global market is segmented as vinyl, fiber cement, wood, concrete, and others. In 2018, the fibre cement siding segment held the largest market share in global siding market and is expected to witness the highest CAGR during the forecast period. The fiber cement siding is cost-effective and can easily be installed in regions having extreme weather conditions. Moreover, it is more durable, compared to the other siding material, and also prevents cracks, which can appear on the surface. By application, the global market is segmented as residential, commercial, and industrial. In 2018, the residential segment held the largest market share in global siding market and is expected to witness the highest CAGR during the forecast period. The commercial segment is further segmented as office spaces, healthcare, shopping malls & centers, educational centers, hospitality, and others. The residential segment is anticipated to witness tremendous growth in the siding market, owing to the rapidly growing population, rapid urbanization, government funding for housing projects, and strong economic growth, which has further improved the need for residential buildings, globally.

  5. Competitive Analysis: The Key Players operating in the global siding industry include Saint-Gobain (France), James Hardie Industries Plc (Ireland), Westlake Chemical (US), Boral Limited (Australia), Etex Group (Belgium), Kingspan Group (Ireland), Georgia-Pacific (US), Louisiana Pacific Corporation (US, Cornerstone Building Brands (US), and Nichiha Corporation (Japan). https://www.marketresearchfuture.com/press-release/siding-market

  6. Intended Audience • Siding manufacturers • Siding traders/distributers/suppliers • raw materials suppliers • Architects & engineers • Regulatory bodies • Research organizations • Association and industry bodies • End consumers • Market research and consulting firms

  7. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

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