Vinyl Siding Market Know the Key Growth Drivers Developments and Innovations 2017-2026

Posted on 2019-07-24 by Mark Hub in Industrial // 0 Comments

According to Fact.MR, the global vinyl siding market is expected to expand at a moderate pace over the forecast period, 2017-2026. The global vinyl siding market is pegged to register a value CAGR of 4.7% during the forecast period, bringing in global revenues from sales of nearly 45,000 Mn. sq. feet of vinyl sidings by the end of 2026.

Vinyl clapboard sidings provide an aesthetic appeal to the building exteriors. Their installation continues to gain traction on the account of its connection in increasing the resale value of a building. The report estimates that in 2017, nearly 11,700 Mn. sq. feet of vinyl clapboard sidings have been sold in the global market. The report also projects that over the forecast period, clapboard sidings will account for nearly 40% of the global market volumes of vinyl sidings being sold. Board & batten vertical sidings, on the other hand, will represent key products that will register highest volume CAGR of 4.4% over the forecast period.

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Key Insights on Future of Global Vinyl Sidings Market

The report estimates that clapboard sidings will represent top-selling product in the global vinyl sidings market through 2026. By the end of forecast period, nearly 18,000 Mn. sq. feet of vinyl clapboard sidings will be sold across the globe.
Demand for Dutch lap sidings, board & batten vertical sidings and vertical sidings is also poised to gain traction in the years to come.
In 2017, vinyl sidings were predominantly used in weatherproofing of new residential constructions, which registered global sales of 12,700 Mn. sq. feet. The end-use of vinyl sidings in residential repair and rehabilitation will also translate into high revenues during the forecast period. New non-residential end-use of vinyl sidings will register highest growth at a volume CAGR of 4.9%.
The report reveals that by the end of 2026, nearly 20,000 Mn. sq. feet of insulated vinyl sidings will be sold across the globe. The demand for non-insulated vinyl sidings will lose traction towards the end of the forecast period, albeit, accounting for highest global market volume share.

North America will be at the forefront of global vinyl sidings market expansion. By 2026, the US and Canada will collectively register sales of more than 18,000 Mn. sq. feet of vinyl sidings. The Asia-Pacific excluding Japan (APEJ) is also pegged to remain lucrative for manufacturing vinyl sidings in the foreseeable future.

Through 2026, new residential construction will represent the highest end-use of vinyl sidings, registering a global market volume share of approximately 40%. However, the demand for vinyl sidings will gain traction in new non-residential settings. Their end-use in new non-residential applications will account for global sales of over 17,200 Mn. sq. feet of vinyl sidings. The report further reveals that non-insulated sidings will be predominantly sold in the global market, albeit, their demand will dwindle by 2026-end. Meanwhile, insulated vinyl sidings will register a steady volume growth at 5% CAGR over the forecast period.

The report has identified the key players in global vinyl sidings market. Companies namely, Axiall Corporation, Associated Materials Group Inc., Alcoa Inc., Alside Inc., BASF SE, Sibco Building Products, CertainTeed Corporation, Ferriot Inc., Ply Gem Holdings, Acme Brick, Koch Industries, ASC Profile Inc., American Original Building Products, Variform Inc., Berkshire Hathaway Incorporated, Kaycan Ltd., and Royal Building Products have been profiled as leading manufacturers of vinyl sidings in the world. These companies are expected to face challenges in terms of environmental compliance. Optimizing the use of vinyl compounds and extending the reusability of vinyl sidings will also be prioritized by market players in the future.

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