Study #: 3691 | Published: 01/2019 | Pages: 347 | Individual User License: US$ 6,500

Growth in Building Construction Spending to Drive Siding Demand Gains

Global demand for siding is forecast to rise 2.8% annually through 2022 to 6.7 billion square meters, valued at $78.6 billion. Going forward, demand for siding products will be driven by increases in nonresidential building construction spending, especially in China, and an acceleration in the global rate of growth in new housing construction.

Key Findings in the Global Siding (Cladding) Study:

Siding Demand in Developing Countries to Boost Gains

Through 2022, the Asia/Pacific region will account for the majority of global siding demand growth, with China accounting for the largest share of these gains. Above average growth in nonresidential building construction spending will boost product sales, as such structures as offices, retail establishments, and healthcare facilities use siding, even in poorer developing countries.

Additionally, many Asia/Pacific countries have massive housing stocks, a large number of which have only load-bearing walls and use no siding materials. As standards of living and personal incomes rise in many parts of the region, more homes will be outfitted with siding to increase the aesthetic appeal and durability of the structure, providing a substantial boost to siding demand.

Developed Countries to Grow at a Below Average Pace

However, siding demand will be restrained by below average market growth in many developed countries. In addition to posting subpar construction spending gains through 2022, virtually all buildings in developed countries are already sided.

Brick and Tile to Remain the Most Popular Siding Material

Brick and tile will continue to account for the largest share of siding demand through 2022. The product is commonly used in every region in the world. In developing countries, brick and tile are popular because widespread raw material availability allows low cost versions of these products to be easily produced. In the United States, South Korea, and many countries in Western Europe, the aesthetic appeal of brick contributes to its use in the residential market.

Stucco and EIFS demand will account for the second largest share of siding demand in area terms in 2022. Stucco is the least expensive of any major siding product, and will be a popular choice for many of the developing countries where buildings are using siding for the first time. Concrete and stone siding is expected to increase its share of the siding market despite its higher cost because of the durability of the product.

Study Coverage

This Freedonia study analyzes the global siding (cladding) industry. It presents historical demand (2007, 2012, 2017) and forecasts for 2022 and 2027 by product (brick and tile, stucco and EIFS, concrete & stone, metal, fiber cement, vinyl, wood, and other products) in square meters and US dollars, and by market (residential buildings and nonresidential buildings) and region (North America, Central and South America, Western Europe, Eastern Europe, Asia/Pacific, and Africa/Mideast) in square meters. Siding demand by product and market are provided for 20 countries, and total siding demand is provided for an additional 13 countries. In addition, the study analyzes company market share for companies such as James Hardie, Kingspan Group, Nichiha, Wienerberger, and others.


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Table of Contents

EXECUTIVE SUMMARY

GLOBAL MARKET OVERVIEW

Key Findings

Demand Forecast by Region

Production & Foreign Trade

Pricing Trends

Regulatory & Environmental Issues

Voluntary Standards

Mandatory Regulations

Regulations Spurred by the Grenfell Tower Fire

MARKETS

Key Findings

Demand Forecast by Market

Residential Buildings

Demand by Region

New Residential

Residential Improvement & Repair

Nonresidential Buildings

Demand by Region

New Nonresidential

Nonresidential Improvement & Repair

PRODUCTS

Key Findings

Demand Forecast by Product

Brick & Tile

Stucco & EIFS

Concrete & Stone

Metal

Fiber Cement

Vinyl

Wood

Other Products

NORTH AMERICA

North America: Key Findings

North America: Market Size

North America: Demand Forecast by Market

North America: Demand Forecast by Product

North America: Key Suppliers

United States

Canada

Mexico

CENTRAL & SOUTH AMERICA

Central & South America: Key Findings

Central & South America: Market Size

Central & South America: Demand Forecast by Market

Central & South America: Demand Forecast by Product

Central & South America: Key Suppliers

Brazil

Other Central & South America

WESTERN EUROPE

Western Europe: Key Findings

Western Europe: Market Size

Western Europe: Demand Forecast by Market

Western Europe: Demand Forecast by Product

Western Europe: Key Suppliers

Germany

France

United Kingdom

Italy

Spain

Netherlands

Other Western Europe

EASTERN EUROPE

Eastern Europe: Key Findings

Eastern Europe: Market Size

Eastern Europe: Demand Forecast by Market

Eastern Europe: Demand Forecast by Product

Eastern Europe: Key Suppliers

Russia

Poland

Other Eastern Europe

ASIA/PACIFIC

Asia/Pacific: Key Findings

Asia/Pacific: Market Size

Asia/Pacific: Demand Forecast by Market

Asia/Pacific: Demand Forecast by Product

Asia/Pacific: Key Suppliers

China

India

Japan

South Korea

Indonesia

Australia

Other Asia/Pacific

AFRICA/MIDEAST

Africa/Mideast: Key Findings

Africa/Mideast: Market Size

Africa/Mideast: Demand Forecast by Market

Africa/Mideast: Demand Forecast by Product

Africa/Mideast: Key Suppliers

Turkey

Iran

Other Africa/Mideast

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Product Development & Manufacturing

Marketing

Distribution

Cooperative Agreements

Acquisitions & Divestitures

List of Industry Participants

List of Industry Participants by Geographic Region

APPENDIX

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Government Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Population

Global Building Construction Outlook

Global Residential Building Construction Outlook

Global Nonresidential Building Construction Outlook


List of Tables

GLOBAL MARKET OVERVIEW

Table 2-1 | Global Siding Demand by Region, 2007 - 2027 (million square meters)

Table 2-2 | Siding Pricing Trends, 2007 - 2027 (dollars per square meter)

MARKETS

Table 3-1 | Global Siding Demand by Market, 2007 - 2027 (million square meters)

Table 3-2 | Global Residential Siding Demand by Region, 2007 - 2027 (million square meters)

Table 3-3 | Global Nonresidential Siding Demand by Region, 2007 - 2027 (million square meters)

PRODUCTS

Table 4-1 | Global Siding Demand by Product, 2007 - 2027 (million square meters)

Table 4-2 | Siding Advantages & Disadvantages by Product Type

Table 4-3 | Global Brick & Tile Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-4 | Global Stucco & EIFS Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-5 | Global Concrete & Stone Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-6 | Global Metal Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-7 | Global Fiber Cement Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-8 | Global Vinyl Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-9 | Global Wood Siding Demand by Region, 2007 - 2027 (million square meters)

Table 4-10 | Other Global Siding Product Demand by Region, 2007 - 2027 (million square meters)

NORTH AMERICA

Table 5-1 | North America: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 5-2 | North America: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 5-3 | United States: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 5-4 | United States: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 5-5 | Canada: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 5-6 | Canada: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 5-7 | Mexico: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 5-8 | Mexico: Siding Demand by Product, 2007 - 2027 (million square meters)

CENTRAL & SOUTH AMERICA

Table 6-1 | Central & South America: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 6-2 | Central & South America: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 6-3 | Brazil: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 6-4 | Brazil: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 6-5 | Other Central & South America: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 6-6 | Other Central & South America: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 6-7 | Other Central & South America: Siding Demand by Country, 2007 - 2027 (million square meters)

WESTERN EUROPE

Table 7-1 | Western Europe: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-2 | Western Europe: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-3 | Germany: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-4 | Germany: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-5 | France: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-6 | France: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-7 | United Kingdom: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-8 | United Kingdom: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-9 | Italy: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-10 | Italy: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-11 | Spain: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-12 | Spain: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-13 | Netherlands: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-14 | Netherlands: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-15 | Other Western Europe: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 7-16 | Other Western Europe: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 7-17 | Other Western Europe: Siding Demand by Country, 2007 - 2027 (million square meters)

EASTERN EUROPE

Table 8-1 | Eastern Europe: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 8-2 | Eastern Europe: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 8-3 | Russia: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 8-4 | Russia: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 8-5 | Poland: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 8-6 | Poland: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 8-7 | Other Eastern Europe: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 8-8 | Other Eastern Europe: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 8-9 | Other Eastern Europe: Siding Demand by Country, 2007 - 2027 (million square meters)

ASIA/PACIFIC

Table 9-1 | Asia/Pacific: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-2 | Asia/Pacific: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-3 | China: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-4 | China: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-5 | India: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-6 | India: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-7 | Japan: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-8 | Japan: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-9 | South Korea: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-10 | South Korea: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-11 | Indonesia: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-12 | Indonesia: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-13 | Australia: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-14 | Australia: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-15 | Other Asia/Pacific: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 9-16 | Other Asia/Pacific: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 9-17 | Other Asia/Pacific: Siding Demand by Country, 2007 - 2027 (million square meters)

AFRICA/MIDEAST

Table 10-1 | Africa/Mideast: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 10-2 | Africa/Mideast: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 10-3 | Turkey: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 10-4 | Turkey: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 10-5 | Iran: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 10-6 | Iran: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 10-7 | Other Africa/Mideast: Siding Demand by Market, 2007 - 2027 (million square meters)

Table 10-8 | Other Africa/Mideast: Siding Demand by Product, 2007 - 2027 (million square meters)

Table 10-9 | Other Africa/Mideast: Siding Demand by Country, 2007 - 2027 (million square meters)

INDUSTRY STRUCTURE

Table 11-1 | Global Siding Sales by Company, 2017 (million dollars)

Table 11-2 | Selected Cooperative Agreements

Table 11-3 | Selected Acquisitions & Divestitures

APPENDIX

Table 12-1 | Relevant Industry Codes

Table 12-2 | Relevant Harmonized System Product Codes

Table 12-3 | Abbreviations Used in Study

Table 12-4 | Exchange Rates for Major Siding Markets; 2007, 2012, 2017 (local currency/US$)

Table 12-5 | Countries in North America

Table 12-6 | Countries in Central & South America

Table 12-7 | Countries in Western Europe

Table 12-8 | Countries in Eastern Europe

Table 12-9 | Countries in the Asia/Pacific Region

Table 12-10 | Countries in the Africa/Mideast Region

Table 12-11 | Global Gross Domestic Product by Region & Country, 2007 - 2027 (billion 2016 dollars)

Table 12-12 | Global Population by Region & Country, 2007 - 2027 (million persons)

Table 12-13 | Global Building Construction Expenditures by Region & Country, 2007 - 2027 (billion 2016 dollars)

Table 12-14 | Global Residential Building Construction Expenditures by Region & Country, 2007 - 2027 (billion 2016 dollars)

Table 12-15 | Global Nonresidential Building Construction Expenditures by Region & Country, 2007 - 2027 (billion 2016 dollars)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | Global Siding Market

GLOBAL MARKET OVERVIEW

Figure 2-1 | Key Trends in the Global Siding Market

Figure 2-2 | Global Siding Demand Share by Region, 2007 - 2027 (square meters)

MARKETS

Figure 3-1 | Global Siding Market Overview

Figure 3-2 | Global Siding Demand Share by Market, 2017 (billion square meters)

Figure 3-3 | Global Residential Siding Demand Share by Region, 2007 - 2027 (billion square meters)

Figure 3-4 | Global Residential Siding Demand by Application, 2007 - 2027 (million square meters)

Figure 3-5 | Global Nonresidential Siding Demand Share by Region, 2007 - 2027 (billion square meters)

Figure 3-6 | Global Nonresidential Siding Demand by Application, 2007 - 2027 (million square meters)

PRODUCTS

Figure 4-1 | Global Siding: Product Overview

Figure 4-2 | Global Siding Demand Share by Product, 2007 - 2027 (square meters)

NORTH AMERICA

Figure 5-1 | North America: Key Siding Market Trends

Figure 5-2 | North America: Siding Market Key Indicators, 2017

Figure 5-3 | North America: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 5-4 | United States: Siding Market Key Indicators, 2017

Figure 5-5 | United States: Siding Demand, 2003 - 2017 (million square meters)

Figure 5-6 | United States: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 5-7 | Canada: Siding Market Key Indicators, 2017

Figure 5-8 | Canada: Siding Demand, 2003 - 2017 (million square meters)

Figure 5-9 | Canada: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 5-10 | Mexico: Siding Market Key Indicators, 2017

Figure 5-11 | Mexico: Siding Demand, 2003 - 2017 (million square meters)

Figure 5-12 | Mexico: Siding Demand Share by Product, 2007 - 2027 (million square meters)

CENTRAL & SOUTH AMERICA

Figure 6-1 | Central & South America: Key Siding Market Trends

Figure 6-2 | Central & South America: Siding Market Key Indicators, 2017

Figure 6-3 | Central & South America: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 6-4 | Brazil: Siding Market Key Indicators, 2017

Figure 6-5 | Brazil: Siding Demand, 2003 - 2017 (million square meters)

Figure 6-6 | Brazil: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 6-7 | Other Central & South America: Siding Demand, 2003 - 2017 (million square meters)

Figure 6-8 | Other Central & South America: Siding Demand Share by Product, 2007 - 2027 (million square meters)

WESTERN EUROPE

Figure 7-1 | Western Europe: Key Siding Market Trends

Figure 7-2 | Western Europe: Siding Market Key Indicators, 2017

Figure 7-3 | Western Europe: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-4 | Germany: Siding Market Key Indicators, 2017

Figure 7-5 | Germany: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-6 | Germany: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-7 | France: Siding Market Key Indicators, 2017

Figure 7-8 | France: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-9 | France: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-10 | United Kingdom: Siding Market Key Indicators, 2017

Figure 7-11 | United Kingdom: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-12 | United Kingdom: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-13 | Italy: Siding Market Key Indicators, 2017

Figure 7-14 | Italy: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-15 | Italy: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-16 | Spain: Siding Market Key Indicators, 2017

Figure 7-17 | Spain: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-18 | Spain: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-19 | Netherlands: Siding Market Key Indicators, 2017

Figure 7-20 | Netherlands: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-21 | Netherlands: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 7-22 | Other Western Europe: Siding Demand, 2003 - 2017 (million square meters)

Figure 7-23 | Other Western Europe: Siding Demand Share by Product, 2007 - 2027 (million square meters)

EASTERN EUROPE

Figure 8-1 | Eastern Europe: Key Siding Market Trends

Figure 8-2 | Eastern Europe: Siding Market Key Indicators, 2017

Figure 8-3 | Eastern Europe: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 8-4 | Russia: Siding Market Key Indicators, 2017

Figure 8-5 | Russia: Siding Demand, 2003 - 2017 (million square meters)

Figure 8-6 | Russia: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 8-7 | Poland: Siding Market Key Indicators, 2017

Figure 8-8 | Poland: Siding Demand, 2003 - 2017 (million square meters)

Figure 8-9 | Poland: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 8-10 | Other Eastern Europe: Siding Demand, 2003 - 2017 (million square meters)

Figure 8-11 | Other Eastern Europe: Siding Demand Share by Product, 2007 - 2027 (million square meters)

ASIA/PACIFIC

Figure 9-1 | Asia/Pacific: Key Siding Market Trends

Figure 9-2 | Asia/Pacific: Siding Market Key Indicators, 2017

Figure 9-3 | Asia/Pacific: Siding Demand Share by Product, 2007 - 2027 (billion square meters)

Figure 9-4 | China: Siding Market Key Indicators, 2017

Figure 9-5 | China: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-6 | China: Siding Demand Share by Product, 2007 - 2027 (billion square meters)

Figure 9-7 | India: Siding Market Key Indicators, 2017

Figure 9-8 | India: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-9 | India: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 9-10 | Japan: Siding Market Key Indicators, 2017

Figure 9-11 | Japan: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-12 | Japan: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 9-13 | South Korea: Siding Market Key Indicators, 2017

Figure 9-14 | South Korea: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-15 | South Korea: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 9-16 | Indonesia: Siding Market Key Indicators, 2017

Figure 9-17 | Indonesia: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-18 | Indonesia: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 9-19 | Australia: Siding Market Key Indicators, 2017

Figure 9-20 | Australia: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-21 | Australia: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 9-22 | Other Asia/Pacific: Siding Demand, 2003 - 2017 (million square meters)

Figure 9-23 | Other Asia/Pacific: Siding Demand Share by Product, 2007 - 2027 (million square meters)

AFRICA/MIDEAST

Figure 10-1 | Africa/Mideast: Key Siding Market Trends

Figure 10-2 | Africa/Mideast: Siding Market Key Indicators, 2017

Figure 10-3 | Africa/Mideast: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 10-4 | Turkey: Siding Market Key Indicators, 2017

Figure 10-5 | Turkey: Siding Demand, 2003 - 2017 (million square meters)

Figure 10-6 | Turkey: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 10-7 | Iran: Siding Market Key Indicators, 2017

Figure 10-8 | Iran: Siding Demand, 2003 - 2017 (million square meters)

Figure 10-9 | Iran: Siding Demand Share by Product, 2007 - 2027 (million square meters)

Figure 10-10 | Other Africa/Mideast: Siding Demand, 2003 - 2017 (million square meters)

Figure 10-11 | Other Africa/Mideast: Siding Demand Share by Product, 2007 - 2027 (million square meters)

INDUSTRY STRUCTURE

Figure 11-1 | Global Siding Market Share, 2017 (billion dollars)

Figure 11-2 | Global Siding: First Market Leader

Figure 11-3 | Global Siding: Second Market Leader

Figure 11-4 | Global Siding: Third Market Leader

Figure 11-5 | Global Siding: Fourth Market Leader

Figure 11-6 | Global Siding: Fifth Market Leader


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