Residential Siding Market

Prnewswire the world siding market cladding to 2019 research report forecasts the global demand to rise over 4 2 annually through 2019 to nearly six.

Residential siding market.

Demand growth will be driven by rising home renovation activity increases in new housing construction and an expansion in commercial building construction activity especially for offices industrial buildings and restaurants. The commercial building market is broken out by building type i e institutional retail and lodging office industrial and other commercial buildings. Siding demand in the us is forecast to increase 2 0 annually through 2023 to 105 8 million squares. Weigh the look you like against upkeep and cost.

Based on material the fiber cement siding dominated the market. Vinyl will remain the leading siding material due to its continued popularity in the single family housing market. Fiber cement siding is affordable and are installed in regions having extreme weather conditions. Residential construction is expected to witness the highest growth during the forecast period due to increasing adoption of energy efficient homes.

It is mainly used for siding application such as in the residential and non residential buildings and can last upto 50 years. Residential siding market demand at a glance principia s demandbuilder residential siding data product provides industry participants with data and insights related to current and forecast demand headwinds and tailwinds influencing the siding industry as well as key takeaways about siding demand in the united states. Prices listed are per square 100 square feet. Siding market worth 80 billion by.

Figure on 20 squares and 5 000 to 10 000 in labor for a typical 2 300 square foot house. Within the siding market non residential will remain the largest end use market during the forecast period due to growth in retail and office buildings. Homes are often constructed using vinyl siding because of its low cost.