Global Plastic Door And Window Market Expected To Grow At A CAGR Of 5% From 2015 To 2020

Date: 2016-09-17

The future of the plastic door and window market looks good with opportunities in the residential and commercial building construction market. The global door and window market is forecast to grow at a CAGR of 5% from 2015 to 2020. The major drivers of growth for this market are the growth of the global building construction market and reconstruction or re-development activities. The penetration of plastic doors and windows are increasing due to growing awareness regarding the features of the product. People are purchasing plastic doors and windows due to their superior features which include toughness, durability, energy efficiency, heat and wind resistance when compared to other traditional materials like wood and metal. Population and migration has increased the need for single housing construction that also supports the plastic door and window market. APAC has been the top region in terms of total plastic door and window sales due to rapidly increasing demand in both China and India.

Window and door market size is expected to exceed USD 250 billion by 2023 growing at a CAGR of over 6% from 2016 to 2023. The rise in the demand can be attributed to increasing construction work as the global economy rebounds. Furthermore, increasing residential improvement activities along with growing repair demands is estimated to drive growth.

In this market, vinyl and fiberglass materials are used for plastic doors and windows. The author predicts that the demand for ‘fiberglass & others’ segment in plastic doors and windows are likely to experience the highest growth in the forecast period as they are tougher and more energy efficient than vinyl doors and windows. On the basis of comprehensive research, the author forecasts that residential market is expected to show above average growth during the forecast period. On the basis of product type, plastic windows are expected to show highest growth rate in forecast period as they seems more aesthetically beautiful than other traditional windows.

APAC is expected to remain the largest market due to increasing awareness regarding features of the products; they are fire-resistant, water-resistant, termite-free, and aesthetically beautiful. Expanding population in this region also offers a huge potential for the new housing demand and thus, would lead the plastic door and window market towards growth. North America is expected to witness significant growth over the forecast period because of growing residential and commercial building construction activities.
According to survey, the region of Plastic Door and Window market share as following:
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Joanna | Executive – International Business and partner Relations
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