Growing Construction Activities are Expected to Propel the Growth of the Composite Doors & Windows Market

The Composite Doors & Windows Market is predicted to grow at a CAGR of 7.5% during the forecast period of 2022-2027 and reach the market value of US$1.5 billion by 2027. The growth of the Composite Doors & Windows market depends heavily on the construction industry. Composite doors & windows help to transform the look of offices or houses with their attractive appearance. These are maintenance-free, possess superior security features and provide extended life. It is a durable option that can be used in residential and commercial applications. Polyester and polyvinyl chloride are the major resins used in the production of composite doors & windows. It also makes use of fiber-reinforced plastics and wood plastic in manufacturing.

On the basis of application, the Composite Doors & Windows market can be segmented into residential, commercial and industrial. The residential segment is expected to grow at the fastest CAGR of 7.2% during the forecast period of 2022-2027. This growth is mainly attributed to the increased adoption of composite windows & doors in the residential sector due to their aesthetics, increase in urbanization, rising standards of living and growth in disposable income. These doors & windows provide improved security as they have the laminated glass fitted to them. These are strong, durable, secure and weather resistant, thus, can be used in residential construction. According to the US census report, new privately-owned housing showed around 15% growth in 2021 as compared to 2020 in the US. Thus, an increase in residential construction and a surge in the adoption of Composite Doors & Windows are fueling the market growth.

On the basis of geography, the Composite Doors & Windows market can be categorized into North America, Europe, Asia-Pacific, South America and the Rest of the World. According to IndustryArc’s analysis, Asia-Pacific has emerged as one of the most lucrative regions in the market. In 2021, the Asia-Pacific region held a market share of 34.7% in the overall market. This growth is mainly attributed to the growth of construction activities in this region along with a surge in urban population. A rise in the working population, government support for the increasing number of construction projects, expansion of megacities and significant growth in commercial construction projects are further boosting the demand for composite doors & windows in this region. According to IBEF, the Indian construction market showed a growth of 17% in 2021. Thus, growth in construction activities in this region is fueling the growth of the Composite Doors & Windows market. 

Asia-Pacific is closely followed by North America, which is expected to witness high demand for Composite Doors & Windows market. The major countries in North America are the U.S., Canada and Mexico.  

The key companies holding a major share in the composite doors & windows market are Dortex, Pella Corporation, Fiber Tech Composite Pvt. Ltd., Jeld-Wen, Curries, Assa Abloy Group, Special-Lite, Inc., Andersen Corporation, Wood Plastic Composite Technologies, Hardy Smith and Cascadia.