by Samantha Ashenhurst | May 23, 2018 12:02 pm
Fiber cement siding sales are forecast to outperform those of other siding products, according to a new study released by Cleveland-based Freedonia Group. Fiber Cement in the U.S., 3rd 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:
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.
Source URL: https://www.constructionspecifier.com/fiber-cement-siding-sales-expected-to-rise/
Copyright ©2022 Construction Specifier unless otherwise noted.