Press release
Global Composite Door & Window Market Analysis: Growth Challenges, Opportunities, and Forthcoming Developments
The global composite door & window market accounted for US$ XXX.X billion in 2020 and is estimated to be XXX.X billion by 2029 and is anticipated to register a CAGR of 6.3%. The report. "Global Composite Door & Window Market, By Product Type (Fiber Reinforced Plastics (FRP) and Wood Plastic Composites (WPC)), By Resin Type (Polyester and Polyvinyl Chloride (PVC)), By Application (Industrial, Commercial, and Residential), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.Key Highlights:
In August 2016, Special-Lite Inc. developed a BasiX door that involves various features of a Special- Lite SL-20 sandstone-textured FRP flush door, with no lead-time, and has a competitive price point. BasiX doors are resistant to chemicals and corrosion, further they are lightweight. This product door can fit into any existing frame, which helps the company replace the product with existing doors in an easier way.
In August 2016, Curries, Assa Abloy Group added aluminum sidelights, borrowed lights, and frames to their FRP doors. The new borrowed lights, sidelights, and frames are prepared from tubular 6063-T6 aluminum. This new product adds advantages such as having side lights and lights to their existing FRP doors.
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Analyst View:
Low maintenance and Durability of FRP doors and windows
Composite doors & windows are extensively used in a different construction applications, owing to their excellent property of energy efficiency. Composite doors & windows are superior insulators. Composite doors & windows include WPC- and FRP- based doors & windows. They help in saving the energy where they are installed. The most favored reinforcement used for composite doors & windows is glass fiber. FRP composite doors & windows are made with continuous filaments of fiber, which are melt-impregnated with plastic polymer by the pultrusion process to generate a high-performance bond.
Production of low-cost technologies for doors & windows
Composite doors & windows are reasonably capital-intensive, particularly the FRP doors & windows. For its manufacturing, high investment equipment is required. Need for new technologies is must to developed low-cost glass fibers and composite doors & windows to commercialize the end products. The low-cost composite doors & windows development would help its use in a varied range of applications, where cost amount is an important issue. In the emerging economies such as India and China, the end-users that require these composite doors & windows are cost-intensive industries. Therefore, the identification and development of low-cost technologies for manufacturing doors & windows are a major concern, across the globe.
Key Market Insights from the report:
The global composite door & window market accounted for US$ XXX.X billion in 2020 and is estimated to be XXX.X billion by 2029 and is anticipated to register a CAGR of 6.3%. The market report has been segmented on the basis of product type, resin type, application, and region.
By product type, the fiber reinforced plastics segment is projected to witness a significant growth rate in the global market over the forecast period, due to growing demand for fiberglass doors & windows in several applications such as commercial, residential, and industrial.
By resin type, the polyester resin segment is projected to witness substantial share in the global composite doors & windows market in the coming years, due to commercial and industrial applications
By application, the commercial segment is expected to increase at a faster rate in the next coming
By region, The North America composite doors & windows market is estimated for highest share in terms of volume and revenue to the global composite doors & windows market and is expected to register substantial growth rate in the globe market in the coming years.
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Competitive Landscape:
The prominent player operating in the global composite door & window market includes Dortek, ANDERSEN CORPORATION, PELLA CORPORATION, VELLO NORDIC AS, AADG, Inc., Fiberline Composites A/S, Special-Lite, Inc., Britannia Windows (UK) Ltd., Ecoste, and Nationwide Windows Ltd.
The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.
Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered
Introduction
Study Deliverables
Study Assumptions
Scope of the Study
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