The CMI Team’s most recent market research predicts that from 2024 to 2033, the global vinyl siding market will grow at a CAGR of 4.78%. In 2024, the market size is projected to reach a valuation of USD 7.25 Billion. By 2033, the valuation is anticipated to reach USD 11.23 Billion.
Vinyl Siding Market: Growth Factors and Dynamics
- Rise in New Construction and Renovation Projects: The market for vinyl siding is buoyant for both new construction and renovation work. It has become a favourite among builders and homeowners due to its cost-effectiveness and ease of installation, enhancing buildings’ exterior appearance and energy efficiency.
- Increased knowledge and acceptance: Educational efforts and campaigns about knowledge increase the acceptance of builders, architects, and property owners towards vinyl siding. The above issues with environmental impact are dealt with while enlightening people to make an informed decision about their siding needs.
- Market Growth in Emerging Economies: Urbanization is growing rapidly in emerging markets, leading to the adoption of vinyl siding as developed economies push for economical housing solutions. Higher disposable income and housing and commercial infrastructure investments support market growth, especially in the Asia-Pacific, Latin American, and some African regions.
Vinyl Siding Market: New Product Launch
- In February 2024, Mastic Siding & Accessories by Ply Gem, a brand in vinyl siding solutions, announced its brand refresh alongside a full suite of resources for contractors and builders through the “More Everything” campaign. The refresh coincides with the Mastic brand’s commitment to evolving with its customers to offer premium exterior style with uncompromising performance so building professionals can create homes at the pinnacle of quality, resilience and curb appeal.
- The Vinyl Siding Institute (VSI) collaborated with manufacturers, installers, recyclers, distributors, and other collection sites to launch Revinylize, a brand-new recycling collaborative that is GreenCircle Certified-verified, in November 2023. The vision for this groundbreaking initiative is to make recycling post-consumer rigid vinyl material as easy as possible and to recycle five million pounds of post-consumer rigid vinyl in 2025.
- In June 2023, itel, announced the release of its Vinyl Siding Pricing (VSP) solution. Leveraging a robust data set of wholesale and retail price points, product availability, and material specifications, VSP provides property insurance carriers a precise, timely, and localized price for vinyl siding.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 7.25 Billion |
| Projected Market Size in 2033 | USD 11.23 Billion |
| Market Size in 2023 | USD 6.94 Billion |
| CAGR Growth Rate | 4.78% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Installation Type, Application, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Vinyl Siding Market: COVID-19 Analysis
The COVID-19 pandemic significantly disrupted the global vinyl siding market. Supply chain constraints owing to lockdowns impacted demand from the construction industry. Production shutdowns and restrictions on cross-border movement of products also affected market expansion.
However, the market experienced a revival due to essential industries, including urbanization and renovation projects, which continued to support vinyl siding for various construction facilities. When industries started to revive post-pandemic, the market slowly recovered, as more funds flowed into infrastructural development and there was a need to cut down on energy consumption for vinyl siding solutions.
List of the prominent players in the Vinyl Siding Market:
- CertainTeed Corporation
- Royal Building Products
- Georgia-Pacific Vinyl Siding
- Alside
- Mastic Home Exteriors
- Kaycan
- Mitten Building Products
- ProVia
- Norandex
- Variform
- Vytec
- Gentek Building Products
- KP Building Products
- ABTCO Vinyl Siding
- Foundry Siding
- Tando Building Products
- Continental Siding
- Rollex Corporation
- Style Crest Inc.
- GreenGuard Siding
- Others
The Vinyl Siding Market is segmented as follows:
By Product Type
- Horizontal Siding
- Vertical Siding
- Shakes and Shingles
- Board and Batten
- Insulated Siding
By Installation Type
- New Installation
- Replacement
By Application
- Exterior Walls
- Soffit
- Fascia
By End User
- Residential
- Commercial
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America