Composite Doors & Windows
Global Composite Doors & Windows Market to Reach $1.4 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Composite Doors & Windows estimated at US$722.3 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at aCAGR of 10.3% over the period 2020-2027. Fiber Reinforced Plastics, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$945 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wood Plastic Composites segment is readjusted to a revised 9.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $211.3 Million, While China is Forecast to Grow at 9.8% CAGR
The Composite Doors & Windows market in the U.S. is estimated at US$211.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$251.3 Million by the year 2027 trailing a CAGR of 9.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.8% and 8.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.
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