Composite Doors & Windows Market Overview
Composite Doors & Windows Market Size is expected to reach USD 1.275 Billion by 2033. The Composite Doors & Windows industry size accounted for USD 0.69 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2033.Composite doors and windows are gaining popularity in the construction industry due to their durability, energy efficiency, and low maintenance requirements. Composite doors and windows are made of a combination of materials such as wood, PVC, and glass fiber, which provide better insulation, weather resistance, and strength compared to traditional doors and windows. They are commonly used in residential and commercial buildings and are available in various designs, colors, and sizes.
COVID-19 Impact and Post-COVID Scenario
The COVID-19 pandemic has certainly had a positive impact on the pharmaceutical industry, including the Composite Doors & Windows market. The COVID-19 pandemic has led to a surge in demand for PPE, including masks, gloves, gowns, and face shields, as healthcare workers and other essential personnel require adequate protection to prevent the spread of the virus. This increased demand has led to a significant increase in the production and sales of PPE, resulting in revenue growth for many companies that manufacture and distribute these products. Similarly, the pandemic has also led to a surge in demand for medical devices, such as ventilators and oxygen concentrators, which are critical for treating severe COVID-19 cases. This increased demand has led to an increase in the production and sales of these devices, resulting in revenue growth for many medical device companies.
Global Composite Doors & Windows Market Growth Factors
Energy Efficiency Driving the Composite Doors & Windows Market
One of the key driving factors for the composite doors and windows market is their energy efficiency. Composite doors and windows offer better insulation and can significantly reduce energy consumption and costs for heating and cooling. This has become a major consideration for builders, architects, and homeowners, especially in regions with extreme temperatures. The growing demand for green buildings and the increasing focus on reducing carbon footprints are also contributing to the adoption of composite doors and windows.
Global Composite Doors & Windows Market Restraining Factors
Cost and Availability Restrain the Composite Doors & Windows Market
The high cost of composite doors and windows is one of the major restraining factors for the market. Compared to traditional doors and windows, composite doors and windows can be significantly more expensive due to the materials and manufacturing process involved. This can make them less accessible for budget-conscious consumers and small businesses. In addition, the availability of cheaper alternatives such as aluminum and vinyl can also pose a challenge for the composite doors and windows market.
Global Composite Doors & Windows Market Opportunity Analysis
Growing demand for energy-efficient and aesthetically appealing doors and windows.
The global composite doors and windows market is expected to witness significant growth in the coming years, with a growing demand for energy-efficient and aesthetically appealing doors and windows. Composite doors and windows offer superior thermal insulation, soundproofing, durability, and low maintenance, making them an attractive choice for residential, commercial, and industrial Resin Types.
One of the major factors driving the growth of the composite doors and windows market is the increasing awareness of the environmental benefits of these products. Composite doors and windows are made of sustainable materials that can be recycled and have a low carbon footprint, making them a popular choice for eco-conscious consumers.
Global Composite Doors & Windows Market Segment Analysis
The Fiber Reinforced Plastics (FRP) segment is expected to hold the largest share in 2023
Based on the Type, The market is segmented based on Fiber Reinforced Plastics (FRP), Wood Plastic Composites (WPC).The Fiber Reinforced Plastics (FRP) segment is expected to hold the largest share of the Composite Doors & Windows Market. FRP composites are lightweight, strong, and durable, making them ideal for use in doors and windows. They also offer excellent thermal and acoustic insulation properties, making them a popular choice in the construction industry. Additionally, FRP composites are resistant to moisture, corrosion, and weathering, which enhances their durability and longevity. All these factors have contributed to the high demand for FRP composite doors and windows in the market.
Thepolyestersegment is expected to hold the largest market share in 2023
Based on Resin Type,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. Polyester-based composites are widely used in the manufacturing of doors and windows due to their ease of processing, low cost, and availability. Moreover, the growing demand for lightweight and high-strength materials in various end-use industries is expected to further drive the demand for polyester-based composite doors and windows.
The Constructionsegment is expected to hold the largest market share in 2023
Based on End-use Industry, 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. The use of composite doors and windows in construction provides numerous benefits such as improved insulation, durability, and low maintenance requirements, which makes them a preferred choice for builders and architects.
Global Composite Doors & Windows Market, Segmental Chart
Based on region, the market has been divided into North America, Europe, Asia-Pacific, theMiddle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Composite Doors & Windows, followed by those in Asia-Pacific and Europe.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
North America Market
In North America, the US is expected to hold the largest share of the market due to the presence of a well-established construction industry and increasing investments in infrastructure development. In Europe, countries such as Germany, France, and the UK are expected to hold significant market shares due to the presence of advanced construction technology and increasing focus on energy-efficient buildings.
Asia Pacific Market
In the Asia Pacific region, countries such as China, India, and Japan are expected to witness significant growth in the composite doors and windows market due to increasing construction activities, growing demand for energy-efficient building materials, and government initiatives to promote sustainable construction practices.
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Andersen Corporation, Dortek Ltd, The Pella Corporation, and Vello Nordic AS are some of the leading players in the global Composite Doors & WindowsIndustry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
- 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.
- Wood Plastic Composites.
Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
In 2020, Andersen Corporation launched its new Verilock technology that enables homeowners to remotely monitor the security and status of their windows and doors. The technology uses sensors to detect if the windows and doors are open or closed and if they are locked or unlocked.
Global Composite Doors & Windows Market, by Type
- Fiber Reinforced Plastics (FRP)
- Wood Plastic Composites (WPC)
Global Composite Doors & Windows Market, by Resin Type
- Polyvinyl Chloride
Global Composite Doors & Windows Market, by End-use Industry
Composite Doors & WindowsMarket Synopsis:
· 2023: USD 0.69 Billion
· 2033: USD 1.275 Billion
· First 5 Years CAGR (2023–2028): XX%
· Last 5 Years CAGR (2028–2033): XX%
· 10 Years CAGR (2023–2033): 7.7%
Key Market Drivers
· Increasing demand for energy-efficient buildings
· Rising construction activities, and growing awareness
Key Market Restraints
· The high cost of composite doors and windows andthe availability of cheaper alternatives
· The increasing focus on reducing carbon footprints is also contributing to the adoption of composite doors and windows.
Key Market Players
· 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.
· Wood Plastic Composites.
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Composite Doors & WindowsIndustry trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
- Historical market size for the year 2021, and forecast from 2023 to 2033
- Composite Doors & Windows market share analysis for each segment
- Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
- To identify and understand the various factors involved in the global Composite Doors & Windows market affected by the pandemic
- To provide year-on-year growth from 2022 to 2033
- To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
- Provide Total Addressable Market (TAM) for the Global Composite Doors & Windows Market.