Composite Doors & Windows Market is likely to witness an impressive CAGR of 8.2% during the forecast period. The growth of this market is expected to be significantly bolstered by the surge in demand for composite doors and composite windows from industrial and commercial applications. Composite materials are employed in the manufacturing of lightweight doors to reduce the overall weight and deliver remarkable properties, such as resistance to high temperature, corrosion, and severe weather conditions.
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Composite Doors & Windows Market Insights:
Based on the type, the market is segmented as fiberglass reinforced plastics (FRP) and wood plastic composites (WPC). The FRP segment is estimated to register a higher growth during the forecast period owing to the increased use of fiberglass doors & windows in residential, commercial and industrial applications. This is on account of the mounting demand for maintenance-free and high temperature tolerant doors & windows in hospitals, labs, research centers and cell banks.
By Resin Type:
Based on the resin type, the market is segmented as polyester, polyvinyl chloride (PVC), and others. Polyester is expected to register the highest growth in the segment during the forecast period, due to the increasing use of polyester resins in commercial and industrial applications. Polyester resins offer high chemical resistance, insulation, fatigue resistance, toughness and transmissivity. These resins are also highly tolerant to electricity and corrosion and are used with glass fibers to produce products.
In terms of regions, North America is estimated to be the largest market for composite doors & composite windows and is further expected to maintain its dominance during the forecast period. The presence of some of the major manufacturers, such as Andersen Corporation (U.S.), Curries Assa Abloy Group (U.S.), Special-lite INC (U.S.), and Pella Corporation (U.S.) is expected to support the growth of the composite doors market in the North American region. The U.S. is a major market for composite doors & windows in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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· Market segment trend and forecast
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· Attractive market segments and associated growth opportunities
· Emerging trends
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