Siding Market (Cladding) Growth to 2020 Driven by Increased Investments in Hotel Constructions

Feb 26, 2016, 01:00 ET from RnR Market Research

PUNE, India, February 26, 2016 /PRNewswire/ --

According to this 2016 siding market report, current major focus of hotel industry is on exteriors, structural aesthetics and with increase in the number of boutique hotels and boutique-like makeovers of existing hotels, demand for siding (cladding) is bound to grow. Boutique hotels are the latest trend in the hotel industry. These hotels are smaller than conventional hotels but provide luxury features and services.

Complete report on siding market spread across 38 pages, analyzing 5 major companies and providing 15 data exhibits is now available at http://www.rnrmarketresearch.com/global-siding-market-2016-2020-market-report.html

The analysts forecast global siding market to grow at a CAGR of 5.36% during the period 2016-2020. White and overtones of white, such as cream, were in demand in the siding industry since last decade. They are still popular among siding users. However, with the emergence of innovative and experimental designing concepts, bolder and brighter shades such as bright blue, reds, and greens have become popular.

Upcoming trends such as the usage of combined siding materials are anticipated to aid the siding market growth over the next four years. Different siding materials have different textures and, hence, provide a unique appeal to the same building. Many designs can be churned out with the use of multiple colors and materials. For instance, materials such as stone and wood can be combined, contrasting colors of the same material such as beige and burgundy, or light shades of gray with darker shades of purple to give a vibrant visual effect to the building. Order a copy of Global Siding Market2016-2020report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=469314

The siding market in the Americas is expected to grow at a CAGR of 6% during the forecast period. The growth in the construction sector in the Americas is driven primarily by an increase in residential construction projects, health care facilities, hotel projects, and commercial building projects during the forecast period, which are expected to spur the demand for sidings during the forecast period.

The global siding market is expected to grow due to the rising investments in public infrastructure development across the world. The vendors in the market compete by offering a wide variety of siding types such as vinyl, brick, fiber cement, wood, stone, manufactured stone veneer, stucco, synthetic stucco, aluminum, and stainless steel. To retain their market shares, the vendors are marketing their products through online channels by offering try-out samples directly to homeowners.

Key players in the global siding market: Alumasc, Boral, James Hardie Industries, Kingspan Panels and Knauf. Other Prominent Vendors in the market are: Asahi Tostem Exterior Building Materials, Designer Panel Systems, Everite Building Products, Etex, Octego, Lakesmere, MBCI, MesoCoat, Metalcraft Roofing, National cladding, Nichiha, Peter L Brown, Palagio Engineering, Revelstone, ROCKWOOL, Ruukki Construction, Shanghai Seventrust Industry, Shenzhen Weigeya Technology, Sound Homes, Tata BlueScope Steel, Van Dam, Wall Construction, and Weathertex.

Further, the siding market report states that maintenance also depends on the application, climatic conditions, and finishing provided, especially in wall siding. Also, the materials used have a drastic effect on the wear and tear and maintenance costs.

Another related report is Global Roofing Market 2016-2020 that forecasts roofing industry to grow at a CAGR of 6.96% during the period 2016-2020. Increased investment in new commercial buildings, specifically in the new hotels and shopping mall segments, is propelling the demand for roofing globally. In addition, the major demand for roofing can be seen in the green roofing segment in commercial buildings. Due to the rising concern over the increase in carbon footprints in buildings, the demand for sustainable buildings is growing at a high rate. This in turn is creating huge demand for green roofing globally. Browse complete report @ http://www.rnrmarketresearch.com/global-roofing-market-2016-2020-market-report.html

Key players in the global roofing market: Brass Monier, Etex, Owens Corning, Saint-Gobain and Wienerberger. Other prominent vendors in the market are: Atlas Roofing, American Hydrotech, Beacon Roofing Supply, CertainTeed, Eagle Roofing Products, IKO Industries, Johns Manville, GAF, Multicolor Steels, and Stramit.

Explore other new reports on Construction Material Market @ http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction/construction-material

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