ID: MRFR/CO/2047-HCR | 111 Pages | Author: Pradeep Nandi | May 2023
Composite doors and Windows Market Size was valued at USD 0.67 billion in 2021. The Composite doors and Windows market industry is projected to grow from USD 0.72 Billion in 2022 to USD 1.265 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.3% during the forecast period (2022 - 2030). Rising frequency of cervical spondylosis among corporate workers and the increasing occurrences of cervical injuries in vehicle accidents are driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Composite doors & windows have good resistance to acids, salts, or any alkali substances. They are even resistant to heat and cold. In short, they can withstand any harsh environmental conditions. Their other strong properties like stiffness, sealing, electrical insulation, energy efficiency, and low weight make them preferable options to any other door and window. FRP doors and windows do not degrade easily unlike wood or plastic doors. Their quality, color, and property remain the same for an average of 60 years. Their average life span is more due to the influence of all the properties which the FRP composite has. Due to these properties, they have low running cost. Their requirement for maintenance is very low which saves the cost and makes them more preferred in hospitals, food industry, pharmaceuticals, and so on. For instance, Dortek (Ireland) has developed and installed FRP hygienic doors at two art Spire hospitals. Such developments are encouraging the use of composite doors & windows in various applications, thus driving the market growth.
Further, The market is expected to expand due to advantages such as enhanced features and properties over classic windows and doors. Industry expansion is expected to be fueled by an increase in construction and industrialization activity around the world. The surge in demand for fiber-reinforced plastic windows and doors in a variety of applications, including residential, commercial, and industrial, is expected to propel the composite window and door industry growth during the forthcoming years. Another factor expected to drive industry growth soon is the rise in demand for Wood Plastic Composites (WPC) and Fiberglass Reinforced Plastics (FRP) windows and doors in buildings and constructions, owing to their superior qualities such as corrosion resistance and light temperature resistance. The industry's expansion is expected to be hampered by high production costs for composite windows and doors. The availability of lower-cost, similarly capable competitors in the business is expected to limit the growth of the industry. The composite window and door industry's expansion is expected to be slowed in the coming years due to high processing and manufacturing costs.
Additionally, according to the American Institute of Architects AIA Consensus Construction Forecast mid-year update, building construction spending is predicted to climb by slightly more than 9% in 2022 and another 6% in 2023. Because of the growth in construction spending, more construction projects are likely to be completed with various advanced facilities, one of which is composite doors and windows. As a result, this aspect is likely to promote market growth. Cities are home to around 4.4 billion people or 56% of the world's population.
However, to cater the demand there has been significant advances in the innovations. For instance, increasing use of composites in construction applications for Composite doors and Windows implants is another factor driving the growth of the Composite doors and Windows market revenue.
The Composite doors and Windows market segmentation, based on product, includes Fibre-reinforced plastics and Wood-plastic composites. The Fibre-reinforced plastics product segment held the majority share in 2021 contribution to around ~60-65% in respect to the Composite doors and Windows market revenue. Factors such as the properties present in the product particularly in, tangibility and intangibility, resistance to water and wind, corrosion free and thermal in nature are anticipated to propel the growth of the composite doors and windows market. Durability and low maintenance of FRP doors and windows, remarkable features of WPC and FRP doors and windows, the rising utilization of composites in construction functions economic growth and imminent renovations of buildings and infrastructure in developing countries are the factors estimated to cushion the growth of the composite doors and windows market in the forecast period. High production cost and availability of low-grade and cheaper products are most likely to act as a hinderance in the growth of the composite doors and windows market.
September 2018: Hardy Smith Designs Private Limited introduced a with MDF or Plywood panels because of its engineered structure and dimensions. These panels are in practice to be used with mandatory laminations of HPL/Paint on front and back surfaces. This is not only for decoration but also to protect the wooden material from moisture and termite. For high end applications PU laminations are in practice. But the basic structure of the panel is still wood and cannot be considered 100% waterproof or termite proof. WPC BOARDS a new generation panels derived technically from Polyvinyl chloride polymer and natural fiber (sawmill dust or agriculture fibre e.g. rice husk) composite.
The Composite doors and Windows market data has been bifurcated by application into Industrial, Commercial and Residential. The Industrial segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The industrial and construction sector has huge and growing rapidly. Composite doors and windows are a useful and fitting solution for the industrial and construction sector. They have many properties and benefits, which are aptly suitable for both segments. They also offer better chemical resistance as compared to flexible PVC. It is used as good electrical insulation and provides better vapor barrier properties.
The Composite doors and Windows market segmentation, based on material type, includes Polyester, PVC and Wood. The Polyester segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to use of the Polyester Board in Industrial is to provide strength and stiffness. It can be used for making furniture, doors, windows, kitchen cabinets, etc. Moreover, it provides general utility in the construction industry by replacing wood-based products especially when there are restrictions on using traditional woods which require expensive treatments against pests & fungi. Hence, rising material type of polyester material implants for Composite doors and Windows positively impacts the market growth.
September 2016: Dortek introduced the new hospital door which can bring great growth in the health care centres. This door has been launched to provide hygiene in the hospital. This approval has further broadened the growth opportunity for the Composite doors and Windows industry.
Figure 2: Composite doors and Windows Market, by Material Type, 2021 & 2030
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Additionally, in comparison to PVC, long-lasting premium solution then a PVC Plastisol sheet is the perfect solution for you, however if you are on a tight budget the Polyester Paint sheeting would be a more cost-efficient solution. Increasing consumer spending on the construction and renovation of commercial and residential buildings may drive the Indian doors market's growth. Booming demand for energy-efficient and impact-resistant housing infrastructure may lead the industry toward more innovative product materials. Growing awareness about the benefits of PVC products, rapid urbanization, high migration of working-class population to urban cities, increased personal disposable income, and rise in residential units contributed to the steady growth of this industry.
By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific Composite doors and Windows market accounted for market share of 40% in 2021 and is expected to exhibit an 5.7% CAGR during the study period. The growing disposable income of consumers and the increasing demand for thermal comfort are increasing renovation activities. With the floor space area and its associated energy consumption expected to witness traction in the coming decade, efforts to reduce emissions from buildings are prioritized, driving the usage of energy-efficient materials for construction. Nevertheless, wood tends to remain the most dominant material in countries such as Japan and South Korea. Increased wood preference in interior and external work and renovation activities is likely to influence the wooden doors market growth. While vinyl is considered one of the fastest-growing segments in the region due to its low-cost and high efficiency, wood maintained its lead in 2021.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil, Peru, Chile, Netherland, Southern Africa.
Figure 3: COMPOSITE DOORS AND WINDOWS MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Composite doors and Windows market accounts for the second-largest market share due to this growth is possible because of the schemes which are announced by the government and also because of the increase in green buildings. As the increase in pollution caused the awareness among the people so they are preferring the eco-friendly products which in turn brought the growth in the Composite Doors and Windows Market. Further, the UK Composite doors and Windows market held the largest market share, and the Germany Composite doors and Windows market was the fastest growing market in the European region. Germany remained the largest for exterior doors and windows in 2022 and is expected to continue dominating the market during the forecast period.
The North America Composite doors and Windows Market is expected to witness the highest growth in the laser market from 2022 to 2030. This is due to is been estimated as the largest shareholding region, is because of the presence of the major key players which are available in North America. Even the countries like the US, Canada are some of the main reasons for the growth of North America. The growth of the North American region is also because of the increase in the demand for the reconstruction of the buildings in recent days. Moreover, US Composite doors and Windows market held the largest market share, and the Canada Composite doors and Windows market was the fastest growing market in the North America region
For instance, US Composite doors and Windows market is the fastest-growing market, with a significant growth rate over the forecast period, led by industrialization and the growing construction sector. Increasing awareness about the benefits of UPVC and elements, such as regulatory framework and rising concerns for energy saving, is expected to positively influence the use of this material in doors and windows in the country. The United States is leading the industry sector, owing to rapid industrialization, an increasing number of automotive industries, and developments in electric and electronics industries. Advancements in technology, coupled with an increase in the number of product innovations, are among the key factors supporting the demand for UPVC doors and windows in this country. Hence, North America is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Composite doors and Windows market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Composite doors and Windows industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Composite doors and Windows industry to benefit clients and expand the Composite doors and Windows market sector is to manufacture locally to reduce operating costs. In recent years, Composite doors and Windows has provided medicine with some of the most significant benefits.
Dortek has introduced a new hospital door to its line of medical doors. The company manufactures a line of seamless GRP doors that are specifically intended to suit the strict requirements of high-hygiene regions in hospitals.
Special-Lite, Inc. is a company that specializes in lighting. The firm introduced the BasiX door, which has many of the same qualities as the Special-Lite SL-20 sandstone-textured FRP flush door but has a shorter lead time and a lower price. BasiX doors are lightweight and chemical and corrosion resistant. This product door fits into any existing frame, making it easier for the company to replace the product with existing doors.
Also, Vello is a leading company in pultrusion technology, the company has participated in a number of development projects and thereby extended the use of fibre-reinforced composite materials into new areas. One of the most important properties of Vello`s pultrusion technology is the opportunity to tailor material combinations to meet the requirements and specifications for the final product. In December 2021, Vello launched a Solutions to product noise. Noise is often the result when two parts of the same material is sliding against each other. An easy solution is two switch one of the materials. Here GRP replaced aluminum in a sliding door for silent rooms. Easy operation and no noise as the result.
March 2023: Andersen Corporation partnership with Energy Star. Andersen has a longstanding history of producing products that help reduce energy use and has participated in projects that aim to rely on less natural resources for over a century. In 2022, Andersen Corporation and Ubiquitous Energy announced their agreement to jointly develop a first-of-its-kind energy generating window and door products.
April 2018: Andersen Corporation ranked Andersen® as the greenest brand among window and door manufacturers in North America.
September 2020: After the spread of the pandemic, the key players are working hard to merge with the small and the medium key players. Also, they are planning to expand their business to other regions to compensate for their demand has context menu.
|Market Size 2021||USD 0.67 billion|
|Market Size 2022||USD 0.72 billion|
|Market Size 2030||USD 1.26 billion|
|Compound Annual Growth Rate (CAGR)||7.3% (2022-2030)|
|Historical Data||2018 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, material type, Application and Region|
|Geographies Covered||North America, Europe, Asia Pacific, and Rest of the World|
|Countries Covered||The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil, Peru, Chile, Netherland, Southern Africa.|
|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.|
|Key Market Opportunities||Increase in the use of composite doors & windows in various end-use industries|
|Key Market Dynamics||Increasing Spending on Construction Activities Durability and low maintenance of FRP doors and windows|
The Composite doors and Windows market crossed a valuation of USD 1.26 billion in 2021
Increasing Spending on Construction Activities are the key driving factors for the growth of the Composite doors and Windows market.
Composite doors and Windows market grows at a CAGR of 7.3 % during the forecast year.
Asia-Pacific held the largest market share in the Composite doors and Windows market.
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. are the key players in the Composite doors and Windows market
Polyester material type led the Composite doors and Windows market
Fibre-reinforced plastics product had the largest market share in the Composite doors and Windows market
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