Composite Doors & Windows Market By Type (Fiber Reinforced Plastics (FRP) , Wood-Plastic Composites (WPC) , Carbon Fiber Composites (CFC) , Others) , By End User (Residential, Commercial, Industrial) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Composite Doors & Windows Market
The composite doors & windows market was valued at $865.0 million in 2023 and is projected to reach $1775.8 million by 2033, growing at a CAGR of 7.6% from 2024 to 2033.
Composite doors & windows are designed using different materials combined particularly for the properties they exhibit. The common materials used in the creation of such high-performance door & windows include engineered wooden cores or timber, fiberglass, aluminum, and unplasticized polyvinyl chloride. The key benefits of composite doors & windows over conventional ones include high security, remarkable durability, low maintenance requirements, insulation, energy efficiency, and aesthetic appeal due to availability of customization.
Increase in efforts to enhance the energy efficiency of infrastructure has boosted the installation of composite doors & windows, driving the development of the market. Furthermore, their low maintenance requirements act as a key driver of the market. In addition, as the demand for installation of aesthetically pleasing components continues to increase in both residential and commercial spaces, the composite doors & windows market is anticipated to growth substantially in coming years. Currently, the trend of sustainability is gaining notable prominence in the market. Manufacturers are focusing on enhancing the quantity of recycled components for the making of composite doors & windows. The use of recycled materials reduces waste production of manufacturing companies and the extended lifespan of composite doors & windows eliminates the need for frequent replacements, thereby elevating the sustainability of the industry.
However, high cost of composite doors & windows deters several budget-sensitive consumers from investing in them, hampering the development of the market. Moreover, extensive preference for wooden doors & windows among individuals limits the adoption of composite ones, restraining the market growth significantly. On the contrary, as the landscape of smart homes continues to expand, the composite doors & windows market is anticipated to witness several lucrative opportunities in coming years. According to a survey by Frontier—an American communications provider—approximately 47% smart home devices owners believe that home security devices offer high return on investment. Therefore, the high security of composite doors & windows owing to the integration of smart locks and automated shading is poised to open new avenues for the market.
Segment ReviewThe composite doors & windows market is segmented into type, end user, and region. On the basis of type, the market is divided into fiber reinforced plastics (FRP), wood-plastic composites (WPC), carbon fiber composites (CFC), and others. Depending on end user, it is classified into residential, commercial, and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the fiber reinforced plastics (FRP) segment held a high share of the market in 2023.
Depending on end user, the residential segment acquired a high stake in the market in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition AnalysisThe leading players operating in the global composite doors & windows market include Yashashri Polyextrusion Pvt. Ltd., Exel Composites, Fiber Tech Composite Pvt. Ltd., Ecoste, Dortek Ltd., ANDERSEN CORPORATION, Pella Corporation, Vello Nordic AS, Hardy Smith, and Special-Lite. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeFiber Reinforced Plastics (FRP)
Wood-Plastic Composites (WPC)
Carbon Fiber Composites (CFC)
Others
By End UserResidential
Commercial
Industrial
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersYashashri Polyextrusion Pvt. Ltd.
Exel Composites
Fiber Tech Composite Pvt. Ltd.
Ecoste
Dortek Ltd
ANDERSEN CORPORATION
Pella Corporation
Vello nordic as
Hardy Smith
Special-Lite