The global Vinyl Siding market size is projected to reach USD 3.06 billion by 2029
Published Date: Sunday,28 Apr,2024
Vinyl Siding Market Summary
According to the new market research report “Global Vinyl Siding Market Report 2023-2029”, published by GlobalInfoResearch, the global Vinyl Siding market size is projected to reach USD 3.06 billion by 2029, at a CAGR of 5.7% during the forecast period.
Product Definition
Vinyl siding refers to an exterior cladding material made from polyvinyl chloride (PVC) resin. It is commonly used in residential and commercial construction as a durable, low-maintenance alternative to traditional materials like wood, aluminum, or fiber cement. Vinyl siding is designed to mimic the appearance of wood siding, with a variety of colors, textures, and profiles available. It consists of horizontal panels that interlock with each other, creating a continuous, seamless look when installed on the exterior walls of a building. One of the main advantages of vinyl siding is its resistance to rot, insects, and weathering. It does not require painting, staining, or sealing, making it relatively easy to maintain. Additionally, vinyl siding is lightweight, making it easier to handle and install compared to other siding materials.
- Vinyl SidingPictures
- Global Vinyl Siding MarketSize(US$ Million), 2018-2029
Source: GlobalInfoResearch, “Global Vinyl Siding Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”.
Market Drivers:
Housing construction and renovations: The vinyl siding market is closely tied to the residential construction and renovation industry. As the construction industry grows, the demand for vinyl siding also increases. Factors such as population growth, urbanization, and a strong housing market can drive the demand for new homes and renovations, which in turn increases the demand for vinyl siding.
Restraint:
Environmental concerns: Increasing awareness and regulations regarding environmental sustainability may lead to a decrease in the demand for vinyl siding due to its environmental impact.
Opportunity:
Growing construction industry: The construction industry plays a crucial role in driving the demand for vinyl siding. As new residential and commercial construction projects continue to grow, there is an increased opportunity for vinyl siding suppliers and manufacturers.
- Global Vinyl Siding Top10Players Ranking and Market Share(Continually updated)
Source: GlobalInfoResearch, “Global Vinyl Siding Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”.
According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Vinyl Siding include Cornerstone Building Brands, Saint-Gobain, Associated Materials, Westlake Royal Building Products, KP Vinyl Siding, Norandex, ProVia, Style Crest, etc. In 2022, the global top five players had a share approximately 19.0% in terms of revenue.
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More information:
Global Vinyl Siding Supply, Demand and Key Producers, 2024-2030
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