Metal Panels, Brick and Concrete to Account for 83% of Commercial Siding Market in 2027

Cleveland OH, March 12, 2024 – According to a new study by The Freedonia Group, US Siding, demand for commercial siding is projected to increase at an annual average rate of 1.5% through 2027 to 22.0 million squares. In the commercial market, performance properties are considerably far more important factors in siding material choice than aesthetics. Materials that are extremely durable and require little maintenance are particularly popular in this market – often carrying a higher than average price per square.

Metal panels, brick, and concrete will hold the largest shares of commercial siding demand, together accounting for 83% of the market in 2027.

• Metal panel siding is commonly used on prefabricated commercial buildings because it reduces construction times and labor costs, provides long-term durability, and requires minimal maintenance.

• In addition to its durability, brick is used for commercial buildings that require pleasing aesthetics to attract customers.

• Concrete is popular because of its extreme durability.

Siding materials that are expected to remain popular in the commercial siding market include:

• stucco, as it offers Southwestern- or European-style aesthetics

• fiber cement - which is generally popular with consumers for its durability - is used not infrequently on commercial buildings when attractiveness is important

Small volume materials such as EIFS and polypropylene are expected to see above average gains:

• The rising public awareness of the insulative properties of EIFS is precipitating greater use on commercial buildings, where it can boost energy efficiency.

• Polypropylene has notable damage resistance, making it attractive for use on commercial buildings that are located in areas with extreme weather.

About The Freedonia Group

The Freedonia Group, a division of MarketResearch.com, is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.