PUNE, India, March 29, 2017 /PRNewswire/ --
The report "Composite Doors & Windows Market by Resin Type (Polyester, Polyvinylchloride (PVC)), Type (Fiber Reinforced Plastics (FRP), Wood Plastic Composites (WPC)), Application (Industrial, Commercial, and Residential), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 1,171.4 Million by 2021, at a CAGR of 6.33% between 2016 and 2021.
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Browse 86 market data Tables and 43 Figures spread through 134 Pages and in-depth TOC on "Composite Doors & Windows Market"
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The composite doors and composite windows market is driven by the increasing use of hygienic and corrosion resistant doors in various industries. The need to replace wood/metal doors with lightweight components is the primary driver for the composite doors market. Composite doors and composite windows are resistant to chemical, water, and corrosion and are lightweight, which boost their adoption in industrial, commercial, and residential applications.
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Based on resin type, the polyester segment of the composite doors and composite windows market is expected to grow at the highest CAGR during the forecast period
Based on resin type, the polyester segment of the composite doors and composite windows market is expected to grow at the highest CAGR during the forecast period, owing to the increasing use of polyester resins in industrial and commercial applications. Polyester resins have high chemical resistance, fatigue resistance, insulation, elasticity, transmissivity, and toughness. Polyester resins are also highly resistant to electricity and corrosion, and are used with glass fibers to manufacture composite doors and composite windows.
Industrial application segment to lead the composite doors and composite windows market, in terms of value and volume
Composite doors and composite windows are being increasingly used in industrial, commercial, and residential applications due to ease of maintenance, and resistance to chemical, corrosion, water, wind, sound, electricity, and dust. These doors are highly preferred in hospitals and healthcare areas due to their properties of sound resistance, water resistance, easy maintenance, and durability. Furthermore, composite doors provide high strength, have dimensional stability, and provide freedom of design.
North America is estimated to be the largest market for composite doors and composite windows
The growth of the composite doors and composite windows market in North America is driven by the growing demand for composite doors and composite windows for industrial application in the region. The growth of industrial constructions and renovations activities in North America has been significant as compared to other regions. The increasing focus on composite doors and composite windows for industrial and commercial applications, as they are cost efficient and the ease of maintenance solutions is expected to drive the composite doors and composite windows market in the region.
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Key players operational in the Composite Doors & Composite Windows Market are Dortek (Ireland), Special-lite Inc. (U.S.), Curries ASSA ABLOY Group (U.S.), Vello Nordic AS (Norway), Andersen Corporation (U.S.), Pella Corporation (U.S.), and Wood Plastic Composites, Hardy Smith Group (India). These players have adopted various organic and inorganic developmental strategies in the past five years to grow in the composite doors and composite windows market.
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