Siding Market Summary

The global siding market was valued at USD 126.25 billion in 2023 and is projected to reach USD 160.63 billion by 2030, expanding at a CAGR of 3.0% from 2024 to 2030. This growth is primarily attributed to the steady expansion of the global construction industry, rising population levels, increasing investments in residential infrastructure, and the surge in remodeling and renovation projects across developed and developing economies.

Siding plays an essential role in enhancing the structural integrity and durability of buildings. It prevents water penetration into homes, thereby reducing risks of mold and mildew, while also improving insulation and energy efficiency. These benefits are expected to accelerate the adoption of siding materials during the forecast period.

Key Market Trends & Insights

  • North America led the global market in 2023, accounting for a revenue share of 15.0%. This dominance can be linked to strong demand for new housing units, coupled with growing remodeling activities in the U.S. and Canada.
  • The siding market in the U.S. is expected to grow at a CAGR of 2.5% over the forecast period, driven by an increasing focus on energy-efficient housing solutions and the rising adoption of advanced siding materials that offer both performance and aesthetics.
  • By product, the vinyl siding segment held the largest share of 24% in 2023, owing to its cost-effectiveness, durability, and ease of installation. Vinyl siding continues to be a popular choice among homeowners due to its low maintenance requirements and wide availability in diverse designs and colors.
  • By end use, the residential segment dominated the market in 2023, supported by ongoing urbanization, rising housing demand, and government initiatives promoting affordable housing projects.

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Market Size & Forecast

  • 2023 Market Size: USD USD 126.25 Billion
  • 2030 Projected Market Size: USD 160.63 Billion
  • CAGR (2024-2030):3.0%
  • North America: Largest market in 2023

Key Companies & Market Share Insights

Some of the key players operating in the market include CertainTeed, Cornerstone Building Brands, Inc., and Georgia-Pacific:

  • CertainTeed was established in 1904, and is headquartered in Malvern, Pennsylvania. CertainTeed is a subsidiary of Saint-Gobain SA. The company is involved in the production of building materials such as railing, decking, insulation, ceilings, gypsum, and pipe products for residential and commercial constructions. CertainTeed exports its building products and materials in about 50 countries around the world.
  • Cornerstone Building Brands, Inc. is a U.S.-based exterior building solution producer for residential and commercial applications. The company has a vast product portfolio, which includes sidings, fencing & railing, windows, doors, trims, and metal buildings. Cornerstone Building Brands, Inc. has about 100 manufacturing plants and about 78 warehouses, distribution & retail outlets.

Westlake Royal Building Products, Gentek Canada, and Allura are some of the emerging participants in siding market.

  • Westlake Royal Building Products is involved in the manufacturing and distribution of various building products. The company offers a wide range of products, including sidings, soffits, exterior trim and moldings, interior trims & moldings, decking, and roofing. The company has manufacturing facilities across the U.S. and Canada.
  • Allura was founded in 2013 and headquartered at Texas, U.S. The company has been involved in the manufacturing and distribution of fiber cement exterior building products. This includes exterior trims, sidings, shakes, soffits, and panels.

Key Players

  • CertainTeed
  • Cornerstone Building Brands, Inc.
  • Georgia-Pacific
  • Westlake Royal Building Products
  • James Hardie Building Products Inc.
  • Gentek Canada
  • Norandex
  • Alside
  • Boral Limited
  • Nichiha USA Inc.

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Conclusion

The global siding market is positioned for consistent growth, supported by rising investments in residential construction, population expansion, and increasing remodeling activities. North America continues to hold a leading position, while the U.S. shows steady growth driven by energy-efficient and durable siding preferences. Vinyl siding remains the most widely used product, while the residential sector dominates demand due to continuous urban development and government support for housing projects. With siding offering both protective and insulation benefits, the demand is expected to remain resilient. The market outlook indicates strong potential, with innovation in materials further enhancing its future growth trajectory.