As construction businesses across several parts of the world are witnessing surplus profits and aggressive expansion, the need for adopting protective materials to safeguard the health of buildings from external factors has increased. Rain, winds, snow or lightings – several environmental factors can degrade the quality of the constructed building by damaging its exteriors, and penetrating through it to affect the interiors. Plastic materials or polymers made of vinyl compounds are being used to develop weatherproofing solutions for exteriors of buildings. This has propelled the demand for vinyl sidings across residential and commercial real estate sectors. Homeowners are installing vinyl sidings for allowing their house to stay protected throughout the years.
According to Fact.MR, the global sales of 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.
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Robust growth in the construction & building industry, increasing real estate transactions, and stabilizing housing markets across the globe have factored the growth in demand for weatherproofing solutions such as vinyl claddings. Homeowners are adopting vinyl sidings for the competitive advantages over fiber cement or wood sidings in terms of protecting the exteriors and providing a decorative appeal. However, predominant use of polymers made from vinyl compounds has increased the ecological footprint of vinyl sidings. Manufacturers face challenges in disposing the used vinyl sidings that are being sent back under directions of environmental protection agencies. Moreover, growing popularity of sidings made from composite or hybrid materials is further influencing the manufacturing landscape in the global vinyl sidings market.
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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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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