Composite Siding

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Siding

Demand for composite siding in the US is forecast to increase 1.8% annually through 2025 to 48,000 squares valued at $172 million. Factors supporting demand growth include:

  • increases in building construction
  • rising use of metal composite siding on commercial buildings
  • increased specification of plastic composite siding products on some higher-end homes

However, composite siding products are expected to be restrained by a lack of consumer and contractor familiarity with this type of siding and the high initial cost of many of these products compared to more mainstream materials, particularly vinyl.

Commercial Market to Drive Composite Siding Gains

The commercial market accounted for the majority of composite siding demand in 2020 and is expected to drive gains through 2025. The light weight, durability, and aesthetic appeal of aluminum composite siding, for example, will lead to the increased adoption of this material on such commercial buildings as schools, healthcare facilities, government buildings, and car dealerships, where a metallic finish can provide a modern look while reducing the need for maintenance.

Faster adoption of these niche products will be restrained by the high cost of the material, as many cost-conscious institutional organizations and building owners opt for less expensive siding materials that provide comparable durability, even if they lack the same pleasing aesthetics.

Production Innovation to Boost Adoption in Residential Applications

Manufacturer efforts to improve the quality of composite siding products will lead to rising use in the residential market, particularly in high-end single-family homes. Producers will opt for different plastic composite materials that provide enhanced performance properties such as improved moisture resistance. In doing so, manufacturers will look to take market share from better established siding materials, such as engineered wood and fiber cement. Additionally, more high-end multifamily homes are expected to opt for aluminum composite siding primarily because of its aesthetic appeal.

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