Wednesday 25 June 2014

New Report China Siding Market Growth and 2018 Forecasts


 Siding is external wall cladding applied to the walls of a house to protect the walls of the building from harsh climatic conditions. Also, it is used to shed water. It can boost the aesthetics of a house and has a lot of functional properties such as insulation, fire and water resistance, and resistance to chemicals. Analysts forecast the Siding market in China to grow at a CAGR of 3.60 percent over the period 2013-2018.

Customization of the exteriors of apartments is a recent trend. Customers opt for different variants of the siding to improve the building’s exterior. Siding is available in different styles, colors and designs. Also, there has been increased focus on renovating existing sidings to improve the design and aesthetic appeal of buildings. Customers are ready to pay more for tailor-made products, and hence, vendors generate more revenue. This pattern is expected to grow during the forecast period.

According to the report, one of the major drivers is the growth in the Construction industry. Rapid infrastructure development has increased the demand for sidings.

Further, the report states that the increasing competition because of the entry of new vendors is one of the main challenges. New vendors that are focused on end-user requirements are entering the market. As a result, market fragmentation has reduced the overall profitability of vendors.

Covered in this Report
The Global Exhibition Organising market can be segmented into four divisions: Masonry and Concrete siding, Metal siding, Vinyl siding and Other sidings. Masonry and Concrete siding comprises of tile and brick, cement products, and concrete and stone. Metal siding comprises of aluminium and steel. Vinyl siding comprises of is made of polyvinyl chloride plastic resin and is manufactured mainly in the form of panels or shringles. Other siding comprises of polycarbonate siding, fiberglass-reinforced polymer panels and wood siding.

Global Exhibition Organising Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on China; it also covers the Siding market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.