Demand for siding in the US is forecast to advance 8.4% per year through 2016 to 965 million m2, valued at $11.4bn. Growth will be spurred by a
rise in housing completions from a depressed 2011 base.
Although housing completions will remain below the level reached at their cyclical peak in 2006, the recovery will fuel above average gains in the residential siding market through 2016.
These and other trends are presented in ‘Siding’, a new study from industry market research company The Freedonia Group Inc, based in Cleveland, Ohio.
