Vinyl Siding Market Summary
According to the new market research report “Global Vinyl Siding Market Report 2023-2029”, published by QYResearch, 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.
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.
According to QYResearch 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.
In terms of product type, currently UV Solar Defence is the largest segment, hold a share of 76.3%.
In terms of product application, currently Residential is the largest segment, hold a share of 64.3%.
About The Authors
Cai Dong
Lead Author
Email:caidong@qyresearch.com
Tel:+86-13820869090
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.