Composite Doors and Windows Global Business Report 2024: As Demand Rises for Hygienic Doors & Windows, Composite Materials Hold an Edge
Dublin, May 15, 2024 (GLOBE NEWSWIRE) -- The "Composite Doors and Windows - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.
*Global Composite Doors and Windows Market to Reach $1.6 Billion by 2030*
The global market for Composite Doors and Windows estimated at US$949.1 Million in the year 2023, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030.
Fiber Reinforced Plastics Material, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach US$1 Billion by the end of the analysis period. Growth in the Wood Plastic Composites Material segment is estimated at 5.9% CAGR for the next 8-year period.
The Composite Doors and Windows market in the U.S. is estimated at US$278.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$258.3 Million by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
*Key Market Trends & Drivers*
· Myriad Benefits of Composite Materials Fuel Use in Doors and Windows
· The Rise of Composite Doors
· Composite Doors Emerge as the Door of Choice for Residential Properties
· Panoramic View of Trends Associated With Composite Front Doors
· Rising Prominence of Energy Efficient Building Products: A Strong Growth Driver
· Composites Find Growing Use in Green Buildings
· Building Renovations & Remodeling: Prominent Revenue Generating Vertical
· Robust Gains for Composite Windows & Doors Market across Residential & Non-Residential Construction Sectors
· Non-Residential Sector Benefits from Building Panel Systems
· Market to Benefit from the Rise of E-Commerce and Resultant Boom in Warehouse Construction
· Rising Popularity of Fiberglass Doors
· The Many Advantages of Fiberglass Composite Doors Spur Adoption
· Exceptional Features and Benefits of Wood Plastic Composites (WPC) Drive Usage in Windows and Doors
· WPC Doors: Green Attributes to Fuel Market Growth
· As Demand Rises for Hygienic Doors & Windows, Composite Materials Hold an Edge
· Trends in the Doors & Windows Industry to Influence Market Demand
· Advancements in Fenestration Technology Locks-in Demand
· Comparing Vinyl vs Wood vs Metal vs Composite Windows and Patio Doors
· Expensive Nature & Low Awareness of Composites: Key Hurdles to Growth
· Wood and Metal: Widely Used Competitive Materials Present Challenges
· Composite Doors vs. uPVC Doors
· Demographic Trends Add Strength to Construction Spending, Drives Opportunities for Composite Windows and Doors
· Population Growth
· Rapid Urbanization
· Expanding Middle Class Segment
· Rising Standards of Living
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 526
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $949.1 Million
Forecasted Market Value (USD) by 2030 $1600 Million
Compound Annual Growth Rate 6.5%
Regions Covered Global
*The report profiles 78 key players. A selection of competitors includes:*
· Hardy Smith Designs Private Limited
· Andersen Corporation
· ASSA ABLOY
· Dortek Limited
· Deceuninck
· LG Hausys, Ltd.
· Chase Doors, Inc.
· Beautex Industries Pvt Ltd.
· JELD-WEN Glass Australia
· ECOSTE
· Epwin Group
· Curries
· Euramax Solutions
· IG Doors Ltd.
· E3 Extrusion, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/hq10gp
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
*Attachment*
· Composite Doors and Windows Market
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