Composite Door and Window Market Primed for Robust Growth, Targeting US$ 1.7 Billion by 2034
The composite door and window market is anticipated to be valued at US$ 0.83 billion by 2024. The market valuation is estimated to be US$ 1.7 billion by 2034, projected at a CAGR of 7.4%.
The
increasing demand for energy-efficient building materials is one of the primary
drivers. Composite doors and windows offer superior thermal insulation
properties, helping to reduce heat loss and energy consumption in residential
and commercial buildings.
As energy
efficiency regulations become more stringent worldwide, a growing preference
for composite materials can contribute to sustainable construction practices
and lower utility costs for building owners.
Request
Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-19075
Composite
materials provide excellent durability and resist weathering, corrosion, and
rotting, making them ideal for exterior applications such as doors and windows.
Homeowners and architects appreciate the low maintenance requirements of
composite doors and windows, which typically require minimal upkeep compared to
traditional materials.
Advancements
in manufacturing technologies have enabled the production of composite doors
and windows with improved strength, structural integrity, and design
flexibility. Companies invest in research and development to develop innovative
composite formulations and production processes that optimize performance while
reducing costs and environmental impact.
The
composite door and window market is also driven by urbanization, population
growth, and new residential and commercial building construction. As urban
areas expand and modernize, there is a growing demand for high-quality building
materials that offer longevity, security, and aesthetic appeal.
Key
Takeaways from the Market Study
- Under type, the polyester
segment is registered to expand at 7% CAGR by 2034.
- The United Kingdom is
estimated to register at a CAGR of 8% by 2034.
- China experiences
significant growth, projected at a CAGR of 8.2% by 2034.
- Based on the product, the
fibre-reinforced plastics segment is anticipated to expand at 7.2% CAGR by
2034.
“The
increasing focus on energy efficiency and sustainability in the construction
industry is one significant driver of the composite door and window market,”
Says an Analyst at Future Market Insights (FMI).
Competitive
Landscape
The
competitive landscape of the composite door and window market is characterized
by a mix of global manufacturers and regional players. These companies compete
based on product quality, design innovation, pricing strategies, and
geographical presence, leveraging strategic partnerships and mergers to gain
market share and meet evolving consumer preferences.Top of Form
Some of
the key developments are
- In February 2019, NCL VEKA,
a joint venture between NCL Group and German UPVC profile producer VEKA
AG, inaugurated the country's largest UPVC profile extrusion plant in
Hyderabad. This significant investment underscores their commitment to
meeting the growing demand for UPVC profiles in India's construction
sector.
- In January 2019, REHAU
announced plans to establish 56 retail centers across India by 2020. This
expansion initiative aimed to strengthen REHAU's presence in the Indian
market and cater to the increasing demand for premium UPVC products among
residential and commercial customers.
Key
Companies Profiled
- Andersen Corporation
- Chem-Pruf
- Fiberline Building Profiles
- Pella Corporation
- Hardy Smith Designs Private
Limited
- FiberTech Composite Pvt.
Ltd.
- Nationwide Windows
- Vello Nordic AS
- Special-Lite
- Just Doors UK Ltd
More
Valuable Insights Available
Future Market
Insights offers an unbiased global composite door and window market analysis,
providing historical data from 2019 to 2023 and forecast statistics from 2024
to 2034
To
understand market opportunities, the composite door and window market is
segmented based on product (fibre-reinforced plastics, wood-plastic
composites), type (polyester, PVC, and wood), application (industrial,
commercial, and residential), and region (North America, Latin America, Western
Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and
Africa).
Comments
Post a Comment