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Demand Of Vinyl Sidings Is Estimated To Raise By 1.2X In Coming Years

The vinyl siding market refers to the market for plastic exterior cladding used on residential and commercial buildings. Vinyl siding is a popular alternative to traditional wood or metal siding due to its durability, low cost, and ease of installation and maintenance. The global vinyl siding market is projected to grow at a steady rate in the coming years, driven by factors such as increasing construction activities, rising demand for eco-friendly building materials, and the advantages of vinyl siding over traditional materials. The global vinyl siding market was valued at USD 9.12 billion in 2020 and is projected to reach USD 13.13 billion by 2028, at a CAGR of 4.6% during the forecast period.

The market is segmented based on the type of vinyl siding, including insulated and non-insulated vinyl siding. Insulated vinyl siding is designed to provide better insulation and energy efficiency compared to non-insulated siding, making it a popular choice for homeowners and builders looking to reduce energy costs.

Key players in the vinyl siding market include CertainTeed Corporation, Ply Gem Holdings Inc., Royal Building Products, Kaycan Ltd., and Gentek Building Products, among others. These companies are continuously investing in product development and innovation to gain a competitive edge in the market.

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Key findings of the Vinyl Siding market study:

  • The report provides a present market outlook on Vinyl Siding. Additionally, the Vinyl Siding market share is anticipated to grow with a CAGR of 4.4% in the forecast period.
  • Regional breakdown of the Vinyl Siding market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Vinyl Siding vendors in detail.
  • Region-wise and country-wise fragmentation of the Vinyl Siding market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Vinyl Siding market.
  • Vinyl Siding price, market share, and Trends forecast for assessment period 2022-2032

Global Vinyl Siding Market by Category

  • By Product Type :
    • Clapboard Siding
    • Dutch Lap Siding
    • Beaded Siding
    • Cabin Board Siding
    • Board & Batten Vertical Siding
    • Vertical Siding
    • Single Siding
    • Shake Siding
  • By Insulation Type :
    • Insulated Siding
    • Non-Insulated Siding
  • By End-User :
    • New Construction
      • Residential
      • Non-Residential
    • Repair & Rehabilitation
      • Residential
      • Non-Residential
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

Competitive Landscape

The Vinyl Siding industry is dominated by some prominent players including

  • Westlake Chemical
  • Associated Materials Group Inc.
  • Alcoa Inc.
  • Alside Inc.
  • BASF SE
  • Sibco Building Products
  • CertainTeed Corporation
  • Ferriot Inc.
  • Ply Gem Holdings
  • Acme Brick
  • Koch Industries
  • ASC Profile Inc.
  • American Original Building Products
  • Variform Inc.
  • Berkshire Hathaway Incorporated
  • Kaycan Ltd.

The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Vinyl Siding market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Vinyl Siding brands leading to an impact on the margin profits of firms.

Report Benefits & Key Questions Answered

  • Vinyl Siding Company & brand share analysis: Company and brand share analysis on Vinyl Siding reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
  • Vinyl Siding Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Vinyl Siding
  • Vinyl Siding Category & segment level analysis: Fact.MR’s Vinyl Siding sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
  • Vinyl Siding Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
  • Post COVID consumer spending on Vinyl Siding: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
  • Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments

 

Categories
Industrial Goods

Global Vinyl Siding Market to Register a Value CAGR of 4.7% Through 2026

As construction businesses across several parts of the world are witnessing surplus profits and aggressive expansion, the need for adopting protective materials to safeguard the health of buildings from external factors has increased. Rain, winds, snow or lightings – several environmental factors can degrade the quality of the constructed building by damaging its exteriors, and penetrating through it to affect the interiors. Plastic materials or polymers made of vinyl compounds are being used to develop weatherproofing solutions for exteriors of buildings. This has propelled the demand for vinyl sidings across residential and commercial real estate sectors. Homeowners are installing vinyl sidings for allowing their house to stay protected throughout the years.

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Durability and high resistance to external factors are the key criteria influencing the manufacturing of vinyl sidings. Moreover, companies manufacturing vinyl sidings are also focused upon meeting the requirements of homeowners interested in using these sidings for decorative purposes. However, production of vinyl sidings continues to create a slew of environmental problems. Emission of volatile gasses during production of vinyl polymers continues to challenge manufacturers. In addition, lack of proper disposal options and poor reusability of vinyl sidings further hinders companies to deliver absolute compliance with environmental laws.

global vinyl sidings market

According to a recent forecast study by Fact.MR, the global vinyl siding market is poised to expand at a moderate pace during the forecast period, 2017-2026. The report projects that by the end of 2026, nearly US$ 60 Bn worth of vinyl sidings will be sold across the globe. The report further expects that the global vinyl sidings market will expand at a 4% CAGR in terms of volume during the forecast period.

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5 Key Insights on Future of Global Vinyl Sidings Market

  • The report estimates that clapboard sidings will represent top-selling product in the global vinyl sidings market through 2026. By the end of forecast period, nearly 18,000 Mn. sq. feet of vinyl clapboard sidings will be sold across the globe.
  • Demand for Dutch lap sidings, board & batten vertical sidings and vertical sidings is also poised to gain traction in the years to come.
  • In 2017, vinyl sidings were predominantly used in weatherproofing of new residential constructions, which registered global sales of 12,700 Mn. sq. feet. The end-use of vinyl sidings in residential repair and rehabilitation will also translate into high revenues during the forecast period. New non-residential end-use of vinyl sidings will register highest growth at a volume CAGR of 4.9%.

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  • The report reveals that by the end of 2026, nearly 20,000 Mn. sq. feet of insulated vinyl sidings will be sold across the globe. The demand for non-insulated vinyl sidings will lose traction towards the end of the forecast period, albeit, accounting for highest global market volume share.
  • The report further reveals that North America will be at the forefront of global vinyl sidings market expansion. By 2026, the US and Canada will collectively register sales of more than 18,000 Mn. sq. feet of vinyl sidings. The Asia-Pacific excluding Japan (APEJ) is also pegged to remain lucrative for manufacturing vinyl sidings in the foreseeable future.

Market Taxonomy

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Product Type
  • Clapboard Siding
  • Dutch Lap Siding
  • Beaded Siding
  • Cabin Board Siding
  • Board & Batten Vertical Siding
  • Vertical Siding
  • Shingle Siding
  • Shake Siding
End User
  • New Residential Construction
  • New Non-Residential
  • Residential Repair and Rehabilitation
  • Non-Residential Repair and Rehabilitation
Insulation Type
  • Insulated Siding
  • Non-Insulated Siding

The report has profiled leading manufacturers of vinyl sidings, which include, Alcoa Inc., Associated Materials Group Inc., Axiall Corporation, BASF SE, Alside Inc., CertainTeed Corporation, Sibco Building Products, Ply Gem Holdings, Ferriot Inc., Koch Industries, Acme Brick, American Original Building Products, ASC Profile Inc., Berkshire Hathaway Incorporated, Variform Inc., Royal Building Products, and Kaycan Ltd. These companies will be observed as key players in the global vinyl sidings market through 2026. In the near future, optimizing the use of plastics, incorporating advanced engineering methods, and improving the durability of vinyl sidings will be among the key priorities of vinyl sidings market players.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/13/1868415/0/en/Forestry-Machinery-Sales-Surge-as-Operators-Focal-Point-Shifts-to-Precision-Forestry-Practices-Fact-MR-Study.html

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