Product Code: ETC275784 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India siding market import shipments exhibited a robust growth trend from 2020 to 2024, as indicated by a high CAGR of 18.2%. Notably, between 2023 and 2024, there was a significant acceleration with a growth rate of 47.7%, indicating strong momentum and expansion in the market.
The India siding market is witnessing substantial growth due to the rising construction activities, increasing awareness of energy-efficient building solutions, and the need for enhancing building aesthetics. Siding materials, such as vinyl, fiber cement, and wood, offer weather resistance, durability, and aesthetic appeal, making them popular choices for both residential and commercial buildings. The market`s growth is further driven by the growing trend of sustainable construction practices and the desire for low-maintenance building exteriors. Key players in the market include Everest Industries Limited, Greenlam Industries Limited, HIL Limited, and Jindal Aluminium Limited. These companies provide a wide range of siding materials and solutions to cater to the diverse needs of the construction industry in India.
The India siding market is driven by several key factors. Firstly, the rapid growth of the construction industry, particularly in residential and commercial buildings, has increased the demand for siding materials for exterior cladding. Siding provides protection from external elements, enhances insulation, and improves the aesthetics of buildings. Secondly, the rising awareness of energy efficiency and green building practices has driven the adoption of siding materials that offer thermal insulation and sustainability. The availability of a wide range of siding materials, including vinyl, fiber cement, and wood, also contributes to the market`s growth, catering to diverse consumer preferences and architectural designs.
The India siding market faces specific challenges in the construction and real estate sectors. Firstly, traditional construction practices and a preference for conventional building materials may limit the adoption of siding products. Awareness and education about the benefits of siding, such as improved insulation and weather resistance, will be essential to drive market acceptance. Secondly, the cost of high-quality siding materials can be a deterrent for some buyers, especially in price-sensitive markets. Finding a balance between cost and quality will be crucial for market penetration. Additionally, installation and maintenance expertise for siding products need to be developed to ensure proper application and longevity. Ensuring the availability of skilled labor and installation training will be essential to address this challenge. Moreover, the India siding market may face competition from alternative exterior cladding materials, such as stucco and traditional brickwork. Positioning siding as a modern and aesthetic option while highlighting its functional advantages will be vital for market growth.
The India Siding Market experienced a mixed impact due to Covid-19. While construction activities slowed down initially, the market gained traction as homeowners and builders started investing in home improvement projects during lockdowns and remote work scenarios.
The India siding market is catered to by key players in the construction and building materials industry. Some prominent companies in this sector include Everest Industries Limited, Aludecor Lamination Pvt. Ltd., Alstrong Enterprises India (Pvt) Limited, and JSW Steel Coated Products Limited. These companies provide a range of siding materials, including fiber cement, aluminum composite, and steel panels, for exterior cladding applications in residential and commercial buildings. Their focus on product durability, aesthetics, and thermal insulation has made them key players in the siding market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Siding Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Siding Market Revenues & Volume, 2021 & 2031F |
3.3 India Siding Market - Industry Life Cycle |
3.4 India Siding Market - Porter's Five Forces |
3.5 India Siding Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 India Siding Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Siding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in India |
4.2.2 Increasing urbanization and infrastructure development projects |
4.2.3 Rising disposable income leading to higher demand for premium siding materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from local and international siding manufacturers |
4.3.3 Stringent government regulations regarding environmental sustainability and building codes |
5 India Siding Market Trends |
6 India Siding Market, By Types |
6.1 India Siding Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 India Siding Market Revenues & Volume, By Material, 2021-2031F |
6.1.3 India Siding Market Revenues & Volume, By Vinyl, 2021-2031F |
6.1.4 India Siding Market Revenues & Volume, By Fiber Cement, 2021-2031F |
6.1.5 India Siding Market Revenues & Volume, By Wood, 2021-2031F |
6.1.6 India Siding Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Siding Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Siding Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 India Siding Market Revenues & Volume, By Non-residential, 2021-2031F |
7 India Siding Market Import-Export Trade Statistics |
7.1 India Siding Market Export to Major Countries |
7.2 India Siding Market Imports from Major Countries |
8 India Siding Market Key Performance Indicators |
8.1 Average selling price of siding materials in India |
8.2 Number of new construction projects utilizing siding materials |
8.3 Adoption rate of eco-friendly siding options in the market |
9 India Siding Market - Opportunity Assessment |
9.1 India Siding Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 India Siding Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Siding Market - Competitive Landscape |
10.1 India Siding Market Revenue Share, By Companies, 2024 |
10.2 India Siding Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |