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MANUFACTURING & CONSTRUCTION

Composite Doors and Windows Market Analysis by Type (Doors {Material Type [Wood Plastic Composite, and Fiberglass Reinforced Plastics], Application [Residential, Commercial, and Industrial]}, and Windows {Material Type [Wood Plastic Composite, and Fiberglass Reinforced Plastics], Application [Residential, Commercial, and Industrial]}); – Global Supply & Demand Analysis & Opportunity Outlook 2021-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • August 16, 2022: The Andersen Corporation and Ubiquitous Energy have announced plans to create the first energy-generating windows and doors without sacrificing aesthetics.

  • October 3, 2019: The premium window and door producer and designer Pella Corporation purchased Custom Window Systems (CWS), an Ocala, Florida-based manufacturer of impact-resistant products made of vinyl and aluminium. With the acquisition, Pella is now able to grow strategically and gain market share in the Southeast coastal regions and high-growth Florida area. While Pella's portfolio will be boosted by integrating CWS' impact-resistant knowledge into Pella distribution channels, CWS would profit from Pella's expertise in fostering operational improvements and innovation.

Global Composite Doors and Windows Market Size, Forecast, and Trend Highlights Over 2021 -2031

Base Year

2021

Forecast Year

2022 - 2031

CAGR

3.6%

Base Year Market Size (2021)

USD 1,640.59 Million

Forecast Year Market Size (2031)

USD 2,325.33 Million

 

 

 

 

 

 

The global composite doors and windows market is estimated to garner a revenue of USD 2,325.33 Million by the end of 2031 by growing at a CAGR of 3.6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 1,640.59 Million in the year 2021. The growth of the market can be attributed to growing construction activities. According to an estimate till 2050, the global construction sector needs to construct an approximate 12,000 structures every day to accommodate the estimated 6 billion people who will live in cities (about 9 billion worldwide).

composite doors and windows market overview

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The utilization of composite doors and windows is increasing rapidly in the construction industry owing to its advanced features such as durability and low maintenance. Also, the upcoming renovations of buildings is expected to boost the growth of the market for the forecast period. The European Commission has pledged to renovating 35 million properties by 2030 as part of the EU Green Deal's flagship policy, the Renovation Wave.

Global Composite Doors and Windows Market: Growth Driver and Challenges

Growth Drivers

  • Increasing Spending on Construction Activities - According to the mid-year update of the American Institute of Architects' AIA Consensus Construction Forecast, construction spending on buildings is expected to rise by slightly over 9% in 2022 and by another 6% in 2023. Owing to the increase in spending on construction activities more construction projects are expected to be carried out with various advance facilities, among which one is composite doors and windows. Hence this factor is expected to boost the market growth.

  • Increasing Urbanization in Emerging Economies - Around 4.4 billion people, or 56% of the world's population, live in cities. By 2050, it's predicted that nearly 7 out of 10 people would live in cities, more than tripling from the current level.

  • Increase in Income Level of the Population - It was predicted that, compared to 90 million homes in 2019, 130 million families would have an annual income of between US$3,000 and US$9,000 by 2022.

  • Increasing Use of Composite Doors and Windows in Various End-Use Industries - Dortex launched Hygienic GRP Laboratory Doors which would also sustain in harshest environment such as include rot or rust.

  • Introduction of New Goods by Various Key Players - REHAU announced the launch of the new system 190 Hung-slider with an integrated RAUSHIELD storm protection system in the United States. With this invention, the tried-and-true high-performance UPVC side-load window series gains an economical alternative for meeting hurricane impact standards in residential and light commercial structures.

Challenges

  • Need for Expertise in Order to Fit Composite Doors
  • Time Consuming Manufacturing Process
  • High Price of Composite Doors and Windows

Given their sturdy construction, composite doors are heavy. Installing them requires a minimum of two persons, and for optimal results, only a professional installation is advised. Hence this factor could hamper the growth of the market.

The global composite doors and windows market is segmented and analysed for demand and supply by type into doors and windows. Out of which, the windows segment is anticipated to garner the largest revenue by the end of 2031, backed by its ability to be more durable. Composite windows require low maintenance as compared to uPVC windows. According to some estimations, composite windows could be 23-35% less expensive than uPVC windows over a 60-year period. Hence owing to which the demand for composite window is expected to increase in future. Moreover, the doors segment is anticipated to grow at a highest CAGR of 4.0% over the forecast period.

Global Composite Doors and Windows Market Regional Synopsis

Regionally, the global composite doors and windows market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these regions, the market in North America region is projected to hold the largest market share of USD 1,021.29 Million by the end of 2031, up from a revenue of USD 742.04 Million in the year 2021. The growth of the market in this region can be attributed to the growing population in North America. North America's current population in 2022 is 376,870,696, a 0.42% growth from 2021. The increasing population has lead a rise in demand for development activities such has construction and renovation in residential and commercial area. Moreover, the features of composite doors and windows which includes water and wind resistance, durability, and more are expected to boost the market further. However, the Asia Pacific region is estimated to grow at a highest CAGR of 4.0% over the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

Our in-depth analysis of the global composite doors and windows market includes the following segments:

By Type

Doors

  • By Material Type
    • Wood Plastic Composites
      • Core
      • Resin
      • Others
    • Fiberglass Reinforced Plastics
      • Fiber
      • Resin
      • Others
  • By Application
    • Residential
    • Commercial
      • Corporate Offices
      • Malls
      • Resorts & Hotels
    • Industrial
      • Pharmaceutical Industries
      • Military Bases
      • Water & Wastewater Industries

Windows

  • By Material Type
    • Wood Plastic Composites
      • Core
      • Resin
      • Others
    • Fiberglass Reinforced Plastics
      • Fiber
      • Resin
      • Others
  • By Application
    • Residential
    • Commercial
      • Corporate Offices
      • Malls
      • Resorts & Hotels
    • Industrial
      • Pharmaceutical Industries
      • Military Bases
      • Water & Wastewater Industries

Key Companies Dominating the Global Composite Doors and Windows Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global composite doors and windows market that are included in our report are 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, and Just Doors UK Ltd.

FREQUENTLY ASKED QUESTIONS

Global Composite Doors and Windows Market TOC

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
  4. Executive Summary – Global Composite Doors and Windows Market
  5. Market Dynamics
    1. Market Drivers
    2. Market Challenges
    3. Market Trends
    4. Market Opportunities
  6. Regulatory and Standards Landscape
  7. Composite Doors & Windows Recycling Initiatives
  8. Industry Risk Analysis
  9. Industry Growth Outlook
  10. Feature Analysis
  11. Porter Five Forces Analysis
  12. Value Chain Analysis
  13. New Product Launch
  14. Technical Analysis
  15. Manufacturing Methods Analysis
  16. Material Type Comparison
  17. Competitive Positioning
  18. Competitive Landscape
    1. Market share analysis, 2021
    2. Competitive Benchmarking
    3. Global Company Profiles
      1.  Andersen Corporation
        1. Detailed overview
        2. Assessment of key offering
        3. Analysis of growth strategies
        4. Exhaustive analysis on key financial indicators
        5. Recent developments
      2. Chem-Pruf
      3. Fiberline Building Profiles
      4. Pella Corporation
      5. Hardy Smith Designs Private Limited  
      6. FiberTech Composite Pvt. Ltd.
      7. Nationwide Windows
      8. Vello Nordic AS
      9. Special-Lite
      10. Just Doors UK Ltd.
  19. Global Composite Doors and Windows Market
    1. Market Overview
    2. Market Size (2021–2031)
    3. Market Segmentation by:
      1. Type
        1. Doors, 2021-2031F (USD million)
        2. Windows, 2021-2031F (USD million)
      2. Doors
        1. Material Type
          1. Wood Plastic Composites, 2021-2031F (USD million)
            1. Core, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
          2. Fiberglass Reinforced Plastics, 2021-2031F (USD million)
            1. Fiber, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
        2. Application
          1. Residential, 2021-2031F (USD million)
          2. Commercial, 2021-2031F (USD million)
            1. Corporate Offices, 2021-2031F (USD million)
            2. Malls, 2021-2031F (USD million)
            3. Resorts and Hotels, 2021-2031F (USD million)
          3.  Industrial, 2021-2031F (USD million)
            1. Pharmaceutical Industries, 2021-2031F (USD million)
            2. Military Bases, 2021-2031F (USD million)
            3. Water and Wastewater Industries, 2021-2031F (USD million)
      3. Windows
        1. Material Type
          1. Wood Plastic Composites, 2021-2031F (USD million)
            1. Core, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
          2. Fiberglass Reinforced Plastics, 2021-2031F (USD million)
            1. Fiber, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
        2. Application
          1. Residential, 2021-2031F (USD million)
          2. Commercial, 2021-2031F (USD million)
            1. Corporate Offices, 2021-2031F (USD million)
            2. Malls, 2021-2031F (USD million)
            3. Resorts and Hotels, 2021-2031F (USD million)
          3.  Industrial, 2021-2031F (USD million)
            1. Pharmaceutical Industries, 2021-2031F (USD million)
            2. Military Bases, 2021-2031F (USD million)
            3. Water and Wastewater Industries, 2021-2031F (USD million)
      4. Region/Country
        1. North America, 2021-2031F (USD million)
        2. Europe, 2021-2031F (USD million)
        3. China, 2021-2031F (USD million)
        4. Japan, 2021-2031F (USD million)
  20. North America Composite Doors and Windows Market
    1. Market Overview
    2. Market Size (2021–2031)
    3. Market Segmentation by:
      1. Type
        1. Doors, 2021-2031F (USD million)
        2. Windows, 2021-2031F (USD million)
      2. Doors
        1. Material Type
          1. Wood Plastic Composites, 2021-2031F (USD million)
            1. Core, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
          2. Fiberglass Reinforced Plastics, 2021-2031F (USD million)
            1. Fiber, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
        2. Application
          1. Residential, 2021-2031F (USD million)
          2. Commercial, 2021-2031F (USD million)
            1. Corporate Offices, 2021-2031F (USD million)
            2. Malls, 2021-2031F (USD million)
            3. Resorts and Hotels, 2021-2031F (USD million)
          3.  Industrial, 2021-2031F (USD million)
            1. Pharmaceutical Industries, 2021-2031F (USD million)
            2. Military Bases, 2021-2031F (USD million)
            3. Water and Wastewater Industries, 2021-2031F (USD million)
      3. Windows
        1. Material Type
          1. Wood Plastic Composites, 2021-2031F (USD million)
            1. Core, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
          2. Fiberglass Reinforced Plastics, 2021-2031F (USD million)
            1. Fiber, 2021-2031F (USD million)
            2. Resin, 2021-2031F (USD million)
            3. Others, 2021-2031F (USD million)
        2. Application
          1. Residential, 2021-2031F (USD million)
          2. Commercial, 2021-2031F (USD million)
            1. Corporate Offices, 2021-2031F (USD million)
            2. Malls, 2021-2031F (USD million)
            3. Resorts and Hotels, 2021-2031F (USD million)
          3.  Industrial, 2021-2031F (USD million)
            1. Pharmaceutical Industries, 2021-2031F (USD million)
            2. Military Bases, 2021-2031F (USD million)
            3. Water and Wastewater Industries, 2021-2031F (USD million)
      4. Country
        1. US, 2021-2031F (USD million)
        2. Canada, 2021-2031F (USD million)
  21. Europe Composite Doors and Windows Market
    1. Market Overview
    2. Market Size (2021–2031)
    3. Market Segmentation by:
      1. Type
      2. Doors
        1. Material Type
        2. Application
      3. Windows
        1. Material Type
        2. Application
      4. Country
        1. UK, 2021-2031F (USD million)
        2. Germany, 2021-2031F (USD million)
        3. Italy, 2021-2031F (USD million)
        4. France, 2021-2031F (USD million)
        5. Spain, 2021-2031F (USD million)
        6. Russia, 2021-2031F (USD million)
        7. Scandinavia, 2021-2031F (USD million)
        8. Rest of Europe, 2021-2031F (USD million)
  22. China Composite Doors and Windows Market
    1. Market Overview
    2. Market Size (2021–2031)
    3. Market Segmentation by:
      1. Type
      2. Doors
        1. Material Type
        2. Application
      3. Windows
        1. Material Type
        2. Application
  23. Japan Composite Doors and Windows Market
    1. Market Overview
    2. Market Size (2021–2031)
    3. Market Segmentation by:
      1. Type
      2. Doors
        1. Material Type
        2. Application
      3. Windows
        1. Material Type
        2. Application

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