Asia/Pacific to Continue to Drive Global Siding Demand Through 2024
CLEVELAND, Nov. 13, 2020 /PRNewswire/ -- Through 2024, global demand for siding (cladding) is projected to grow 1.9% annually to 6.6 billion square meters , according to a new Freedonia Group analysis.
- CLEVELAND, Nov. 13, 2020 /PRNewswire/ -- Through 2024, global demand for siding (cladding) is projected to grow 1.9% annually to 6.6 billion square meters , according to a new Freedonia Group analysis.
- China, the world's largest siding market, will continue to drive regional demand growth as ongoing, if moderating, strength in nonresidential construction offsets stagnation in the number of new housing units.
- Historical demand (2009, 2014, and 2019) and forecasts for 2024 and 2029 are provided for siding demand by product (in dollars and square meters) and market (in square meters).
- Siding demand is also provided on a country-by-country basis (in square meters), broken out by both product and market.