Fiber Cement Siding Demand to Exceed 2 Billion Square Feet in 2022
Demand for fiber cement siding is forecast to grow 3.3 percent per year to 2.1 billion square feet in 2022. Fiber cement siding sales will continue to outperform those of most other siding products. Market value will reach $1.6 billion in 2022, aided by increases in average prices and a shift in the product mix to higher value products. These and other trends are presented in Fiber Cement in the US, 3rd Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Growth in fiber cement sales will come from three main areas: