Composite Doors & Windows Market accounted for USD 874.8 million in 2016 and is projected to grow at a CAGR of 6.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Composite Doors & Windows Market
Composite doors and windows have properties like tangibility & intangibility, resistance to water & wind, and are corrosion free. The latest trend in this market is high demand for durable and low maintenance fiberglass reinforced plastics doors and windows due to increasing demand in construction. Growing demand for renewable and eco-friendly construction materials is also expected to play a key role in the growth of the composite doors & windows market.
Major Market Drivers:
- Durability and less maintenance of fiberglass reinforced plastic doors and windows
- Advantages of wood plastic composites doors & windows
- High demand for composites in construction
- High production cost and availability of low grade and cheaper products
The composite doors & windows market is segmented on the basis of type into fiberglass reinforced plastics (FRP) and wood plastic composites (WPC).
On the basis of resin type, the market is segmented into polyester, polyvinyl chloride (PVC), and other resins.
On the basis of application, the market is segmented into commercial, residential and industrial.
On the basis of geography, the composite doors & windows market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Competitive Landscape: Global Composite Doors & Windows Market
The global composite doors & windows market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Composite Doors & Windows Market
Some of the major players in composite doors & windows market include Andersen Corporation, Bella Green Pvt. Ltd., Chem-Pruf, AADG, Inc., Assa Abloy Group, Dortek, Ecoste, Fiber Tech Composite Pvt. Ltd., Fiberline Composites, Fiberrxel, Nationwide Windows Ltd., Pella Corporation, Ravalsons, Special-Lite, Inc., Vello Nordic AS, Wood Plastic Composite Technologies, Hardy Smith Group, Worthing Windows and many more.