Global Plastic Door and Window Market 2015-2020 Trend Forecast and Opportunity Analysis
According to a new market report published by Lucintel, the future of the global plastic door andwindow market looks good with opportunities in the residential and commercial buildingconstruction markets. The global door and window market is forecast to grow at a CAGR of 5%from 2015 to 2020. The major growth drivers for this market are the growth of the global buildingconstruction market and reconstruction activities. Increasing awareness of the features of plasticdoors and windows is contributing to accelerated growth. Plastic doors and windows havesuperior energy efficiency, heat resistance, and wind resistance compared to other traditionaldoors and windows.
In this market, vinyl and fiberglass materials are used for making plastic doors and windows.
Lucintel predicts that the demand for fiberglass-based plastic doors and windows will experiencethe highest growth in the forecast period, as they are tougher and more energy efficient than vinyldoors and windows. On the basis of comprehensive research, Lucintel forecasts that theresidential market is expected to show above average growth during the forecast period. On thebasis of product type, plastic windows are expected to show the higher growth rate compared toplastic doors during the forecast period.
Within the plastic door and window market, the residential segment is expected to remain thelargest market by value. The development of novel applications in residential construction isexpected to spur growth for this segment over the forecast period.
APAC is expected to remain the largest market due to the growth in the construction industry andincreasing awareness of product features. Expanding population in this region also offers a hugepotential for the new housing demand, which would lead to the growth of the plastic door andwindow market. North America is expected to grow significantly over the forecast period becauseof the recovery of the US economy and growing residential and commercial building constructionactivities.
For market expansion, the report suggests innovation and new product development, where theunique characteristics of plastic doors and windows can be capitalized. The emerging trends,which have a direct impact on the dynamics of the industry, include fully reversible windows,replacement of aluminum by eco-friendly plastics, and energy efficiency in plastic doors andwindows. Jeld-Wen, Masonite International Corp, Atrium Windows & Doors, Deceuninck NV, andMasco Corporation are among the major suppliers of plastic doors and windows. Somecompanies are opting for M&A as a strategic initiative for driving growth.plastic door and window market by product, material, application type, and region and has comeup with a comprehensive research report, “Global Plastic Door and Window Market 2015-2020: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as aspringboard for growth strategies, as it provides a comprehensive data and analysis on trends,key drivers, and directions. The study includes a forecast for the global plastic door and windowmarket through 2020, segmented by product, material, end use industry, and region as follows:
By end use industry [$ million market size analysis from 2009 to 2020]
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook