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The global Siding Market 2020 was valued at USD 100.1 billion in 2018. Moreover, the market is expected to witness growth at 4.4% CAGR during the forecast period. The global siding industry has seen substantial growth in the last few years. The demand for siding is anticipated to be driven by the upsurge in the number of construction activities and the increasing recognition of their benefits among homeowners. Growth in the number of housing projects worldwide is expected to fuel demand for siding across the globe. The need for new residential building projects is increasing due to the rising urbanization, which is poised to fuel the demand of home siding around the world. In addition, buyers tend to use exterior siding when constructing residential or commercial areas, because it increases a building's esthetic appeal. In addition, there are various benefits, such as longevity, fire resistance, and high thermal performance, which improve the construction of sidings.
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