Fiber cement siding sales expected to rise

by Samantha Ashenhurst | May 23, 2018 12:02 pm

Fiber cement has become a popular choice for siding, largely due to its aesthetic and performance advantages. Photo by BigStockPhoto.com — Fiber cement has become a popular choice for siding, largely due to its aesthetic and performance advantages.
*Photo © BigStockPhoto.com*

Fiber cement siding sales are forecast to outperform those of other siding products, according to a new study released by Cleveland-based Freedonia Group[2]. Fiber Cement in the U.S., 3^rd Edition predicts the demand for the product will increase 3.3 percent per year and, by 2022, the market value will reach $1.6 billion.

Growth in sales will stem from three main areas:

strength in U.S. building construction;
gains in market share; and
product improvements, including the introduction of premium siding grades.

Fiber cement is the second most commonly used type of siding, next to vinyl. In 2017, the market for fiber cement siding totaled 1.67 million m² (1.8 billion sf), or $1.2 billion—accounting for 70 percent of total fiber cement sales.

To read more, click here[3].

Endnotes:

[Image]: https://www.constructionspecifier.com/wp-content/uploads/2018/05/bigstock-Siding-Fiber-Cement-141357953.jpg
Freedonia Group: https://www.freedoniagroup.com/
here: https://www.freedoniagroup.com/industry-study/fiber-cement-in-the-us-by-product-market-and-region-3rd-edition-3638.htm

Source URL: https://www.constructionspecifier.com/fiber-cement-siding-sales-expected-to-rise/