Global Composite Doors and Windows Market to Reach US$1.6 Billion by 2030
The global market for Composite Doors and Windows estimated at US$949.1 Million in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2023-2030. Fiber Reinforced Plastics Doors and Windows, one of the segments analyzed in the report, is expected to record a 7.8% CAGR and reach US$1.0 Billion by the end of the analysis period. Growth in the Wood Plastic Composites Doors and Windows segment is estimated at 6.8% CAGR over the analysis period.
The U.S. Market is Estimated at US$278.6 Million While China is Forecast to Grow at 9.6% CAGR
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 9.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.7% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.0% CAGR.
Global Composite Doors & Windows Market - Key Trends & Drivers Summarized
Composite doors and windows are gaining popularity in residential and commercial construction due to their superior performance, durability, and aesthetic appeal. These products are made from a combination of materials, typically including polyester, plastic composites, uPVC, and reinforced plastic, which collectively offer enhanced strength, thermal efficiency, and resistance to weathering compared to traditional wood or metal doors and windows. Composite doors are known for their excellent insulation properties, reducing energy consumption and providing better soundproofing. They also offer a high degree of security with multi-point locking systems and robust construction.
The demand for composite doors and windows is driven by the increasing focus on energy-efficient building solutions and sustainable construction practices. These products are designed to meet stringent building regulations and environmental standards, making them an attractive choice for new constructions and renovations. Innovations in composite material technology are enabling manufacturers to produce doors and windows in a variety of styles, colors, and finishes, catering to diverse architectural preferences. The low maintenance requirements and long lifespan of composite products further enhance their appeal, as they do not warp, rot, or require frequent repainting like traditional wood doors and windows.
The growth in the composite doors and windows market is driven by several factors. Firstly, the increasing demand for energy-efficient building materials is a significant driver, as composite products offer superior thermal insulation. Secondly, advancements in composite material technology are enabling the development of high-performance doors and windows with improved durability and aesthetic options. Thirdly, the growing emphasis on sustainable construction and compliance with environmental regulations is boosting the adoption of composite products. Additionally, the low maintenance requirements and long lifespan of composite doors and windows are appealing to cost-conscious consumers. Furthermore, the rising trend of home renovation and modernization is contributing to the demand for aesthetically pleasing and high-performance building products. Lastly, the expansion of the construction industry, particularly in emerging markets, is driving the growth of the composite doors and windows market.
Select Competitors (Total 78 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook