Siding Market Worth $80 Billion by 2019 - North America Dominating the Cladding Industry Globally

PUNE, India, October 13, 2015 /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 billion square meters, valued at $80 billion with North America projected to be the fastest growing market.

Complete report on siding market (cladding) spread across 397 pages, profiling 39 companies and supported with 87 tables and 6 charts is now available at http://www.rnrmarketresearch.com/world-siding-cladding-to-2019-market-report.html .

According to this latest research, two trends will spur gains in the residential siding market: housing market rebounds in many higher income countries such as the US and many in Western Europe, and rising personal income levels in lower income countries, allowing more individuals to afford houses built with multi-layer construction techniques that utilize siding. Through 2019, North America is forecast to post the fastest siding demand gains at six percent annually. Demand in this region will benefit primarily from a continuing housing market recovery in the US, causing that country to post demand gains among the world's fastest through 2019. Siding demand growth in the Asia/Pacific region is projected to be only moderately above the world average, but given the large size of the market, the region will account for over half of that amount. India and Indonesia are developing countries in the region that will exhibit rapid growth in siding market demand given their vibrant building construction markets. After North America, the Africa/Mideast region is forecast to post the fastest siding market demand gains through 2019, benefiting from ongoing industrial and commercial development and rising personal income levels, making siding products more affordable for residential construction.

Metal siding market is forecast to post rapid demand gains through 2019. Demand for metal siding will be aided by recovering nonresidential construction activity in high income countries and continued strong nonresidential building activity in developing areas, as the majority of demand for this product is generated in nonresidential construction applications. Vinyl siding market is also projected to exhibit strong demand gains through 2019. While vinyl siding remains a niche product in many regions, it enjoys wide popularity in the US. As such, demand for vinyl siding will benefit from the continuing housing market recovery there. Masonry and concrete are forecast to remain the most popular siding market products through 2019, accounting for approximately three-fourths of demand. Within that category, the most rapid gains are projected for fiber cement, stucco, and EIFS products. Fiber cement siding market demand will benefit from the product's relatively low cost, durability, ease of maintenance, and ability to mimic the look of wood or vinyl siding. Fiber cement products are expected to gain market share, particularly in North America. Demand for stucco will also benefit from its low cost and high durability, while EIFS will gain popularity due to its high energy efficiency. In addition, EIFS is utilized primarily in nonresidential applications, and will benefit from rapidly increasing nonresidential construction activity.

Companies profiled in this siding market (cladding) research to 2019 include Axiall Corporation, BASF SE, BlueScope Steel Limited, Boral Limited, CSR Limited, Hanson Building Products Limited, Hardie (James) Industries plc, Hekim Yap AS, Hume Cemboard Industries Sendirian Berhad, Kingspan Group plc, Knauf Gips KG, Koch Industries Incorporated, Leier International, LIXIL Group Corporation, Louisiana-Pacific Corporation, Nichiha Corporation, Saint-Gobain, U-kon International GmbH, Weyerhaeuser Company and Wienerberger Baustoffindustrie AG. Order a copy of World Siding Market (Cladding) to 2019 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=420722 .

Explore more reports on the construction materials market at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction/construction-material .

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