Siding demand increased from 68.1 million squares valued at $8.4 billion in 2020 to 76.8 million squares valued at $10.6 billion in 2021, a growth rate of 12.9% by volume and 26.6% by value. Principia’s DemandBuilder® for residential siding provide insights and data about current demand and forecasted growth.
Industry participants utilize Principia’s DemandBuilder® Residential Siding to access the data and market intelligence needed to determine current and projected industry demand and gain insights on market dynamics. The latest update includes data from 2021 and includes forecast demand through 2024.
For more information about Principia’s data and insights on residential siding, contact us today.