The Composite Doors & Windows Market Is Estimated To Record a CAGR of Around 7.7% During The Forecast Period
The Composite Doors & Windows Market Is Estimated To Record a CAGR of Around 7.7% During The Forecast Period
Evolve Business Intelligence has published a research report on the Global Composite Doors & Windows Market, 2023–2033. The global Composite Doors & Windows market is projected to exhibit a CAGR of around 7.7%during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Composite Doors & Windows Market: Andersen Corporation, Dortek Ltd, The Pella Corporation, Vello Nordic AS, ECOSTE Wood Polymer, Hardy Smith Group, Special-Lite Inc., Curries Assa Abloy Group, Fiber Tech Pvt. Ltd., and Wood Plastic Composites.
Market Highlights
The Composite Doors & Windows market is projected to be valued at USD 1.275 Billion by 2033, recording a CAGR of around 7.7% during the forecast period.Composite doors and windows refer to doors and windows made from composite materials, such as fiber-reinforced plastics (FRP) or wood-plastic composites (WPC), which offer improved strength, durability, and energy efficiency compared to traditional materials such as wood or metal. They are widely used in the construction and automotive industries.The COVID-19 pandemic has had a mixed impact on the composite doors and windows market. On one hand, the construction industry faced significant disruptions and slowdowns due to lockdowns and supply chain disruptions. On the other hand, the pandemic has also led to a growing focus on home renovation and improvement projects, as people spend more time at home. This has led to an increased demand for composite doors and windows, as they offer energy-efficient and durable solutions for homes.Additionally, the pandemic has also led to a greater awareness of the importance of indoor air quality and ventilation. Composite doors and windows can be designed to provide superior air sealing and insulation, which can help improve indoor air quality and reduce energy consumption. This trend is expected to continue driving the demand for composite doors and windows in the post-pandemic era, as consumers and businesses prioritize health and sustainability.
Segmental Analysis
The global Composite Doors & Windowsmarket has been segmented based on Type, Resin Type, End-use Industry,and region.
Based on Type, the Composite Doors & Windows market is segmented based on Fiber Reinforced Plastics (FRP), and Wood Plastic Composites (WPC).The market is segmented based on Polyester, and Polyvinyl Chloride. the polyester segment is expected to hold the largest share of the market. This can be attributed to its superior properties such as excellent strength, durability, and resistance to corrosion, chemicals, and moisture.
Based on Resin Type, the global Composite Doors & Windows market has been divided into Polyester, and Polyvinyl Chloride. The market is segmented based on Polyester, and Polyvinyl Chloride. the polyester segment is expected to hold the largest share of the market. This can be attributed to its superior properties such as excellent strength, durability, and resistance to corrosion, chemicals, and moisture.
Based on End-use Industry, the global Composite Doors & Windows market has been divided into Construction, and Automotive.The market has been divided into Construction and Automotive. The construction industry segment is expected to hold the largest share of the market. This can be attributed to the increasing demand for energy-efficient and sustainable construction materials, along with the growing trend of smart and green buildings.
Regional Analysis
The Composite Doors & Windows market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America and Europe are the largest markets for Composite Doors & Windows due to their growing construction and automotive industries, increasing adoption of energy-efficient building materials, and strict regulations on energy consumption. Europe is also a significant market due to its focus on sustainable construction and renovation projects.