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Global demand to rise over 5% per year through 2017
Through 2017, the global siding market is projected to rise more than five percent per year to over 5.6 billion square meters, valued at nearly $90 billion. In the residential building market, increased demand will be measured against a low 2012 base in many high-income countries, which are expected to rebound somewhat from the losses of the 2007-2012 period. Demand in residential building applications will also benefit from rising personal income levels in many developing countries, allowing more individuals to afford homes built with multilayer construction techniques that utilize siding. Rebounds in nonresidential construction spending in many high-income countries, plus continued strong growth in developing countries, will also drive demand gains.

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