PUBLISHER: Grand View Research | PRODUCT CODE: 1554211
PUBLISHER: Grand View Research | PRODUCT CODE: 1554211
The global composite doors and windows market was estimated at USD 1.22 billion in 2023 and is forecasted to grow at a CAGR of 6.8% from 2024 to 2030. This growth is attributed to the strength and resistance to weathering of composite doors and windows, which reduces the need for frequent maintenance compared to traditional materials. Furthermore, these products often offer superior thermal insulation, which helps in reducing energy consumption for heating and cooling, appealing to energy-conscious consumers.
Composite materials have the ability to be designed to imitate various traditional finishes, such as wood, while providing a modern, sleek look, offering aesthetic flexibility. In addition to this, increasing awareness of environmental sustainability is driving the adoption of composite materials, which are often designed to be more eco-friendly compared to conventional materials.
The production process for composite materials can be more complex and resource-intensive, potentially leading to higher production costs and longer lead times. Furthermore, a few other factors such as limited market penetration and lower brand awareness in certain regions can restrict the growth of composite window and door products. These products can also have a higher upfront cost compared to traditional materials like vinyl or aluminum, which might impact their adoption by budget-conscious consumers.
Technological advancements in terms of composite materials and manufacturing processes can lead to improved product performance and reduced costs, further driving market growth. Moreover, policies and incentives promoting energy efficiency and sustainable building practices can boost the adoption of composite windows and doors over coming years.
Expansion of construction activities, especially in emerging markets, provides significant growth opportunities for composite windows and doors. In addition to this, increasing trend of home renovations and retrofits offers a substantial opportunity for composite windows and doors as replacements for outdated or less efficient products.
Global Composite Doors And Windows Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the composite doors and windows market based on resin type, end use, and region: