Global Shipments of Vinyl Windows are Projected to Exceed 200 Million Units by 2022
Increasing Prominence of
Energy Efficient Building Products and Materials to Drive Demand for Vinyl
Windows, According to a New Report by Global Industry Analysts,
Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Vinyl Doors and Windows
market. Global shipments of Vinyl
Windows are projected to exceed 200 million units by 2022, driven by the increasing
prominence of energy efficient building products and materials, and positive
trend in the world construction activity.
Vinyl
Doors and Windows as frames contain at least 50% or more of polyvinyl chloride
(PVC) material. These windows are generally manufactured from lineals of PVC
that make up the framing of windows and doors and are later glazed with
conventional materials. The ability of vinyl doors and windows to achieve
performances matching that of aluminum products, coupled with the high
energy-efficiency offered by the material, have contributed to the steady
evolution of the market over the years. Vinyl windows are growing in popularity
in new construction and replacement markets worldwide spurred on by benefits
such as efficient thermal and acoustic insulation capacity, durability,
strength, fire and water resistance, worry-free maintenance, good quality
control and testing features, and lower cost, among others. Vinyl windows are
generally priced about a third less when compared to wood or clad wood windows.
Healthy
growth is projected for vinyl windows in both developed and developing
countries, driven by favorable government regulations that recommend energy efficient
building products, and growing demand for vinyl windows in various colors,
patterns and textures from flexible, rigid, and customized applications. Other
important growth drivers include positive outlook for the global construction
industry; growing investments in infrastructure projects worldwide; rising demand for vinyl
patio doors, favorable demographic trends, and huge opportunities in the retrofit segment driven
by the global ‘green’ standards for infrastructure and other statutory
requirements. Vinyl replacement windows are best rated as they are more energy
efficient than aluminum windows and are durable and require
low maintenance in comparison to wood and aluminum windows and do not require
on-site finishing, that include priming, painting or staining costs, which in
turn save lot of time and money. Additionally in industrialized countries,
increased energy prices and aging urban areas would further contribute to sales
gains for vinyl replacement windows in the long run.
As
stated by the new market research report on Vinyl Doors and Windows, Asia-Pacific represents
the largest market worldwide. Trailing at a projected CAGR of 7.0% over the
analysis period, Asia-Pacific also ranks as the fastest growing market. Broad
economic factors poised to drive growth in Asia as a whole include rapid
urbanization, strong industrialization, expanding manufacturing/industrial
base, growing middle class population, and government focus on infrastructure
development, among others. Steady proliferation of energy-efficient vinyl
windows in China and India would be instrumental in future growth of the vinyl doors
and windows market in Asia-Pacific.
Key players in the market include Andersen
Corporation, Anglian Group Plc, Atrium Companies Inc., Chelsea Building
Products Inc., Compozit Home Systems, Croft LLC, Crystal Window & Door
Systems Ltd., Deceuninck N.V., ENERGI Fenestration Solutions, Groupe Lapeyre,
Harvey Building Products, International Window Corporation, Internorm Fenster
International GmbH, Intus Windows, Jeld-Wen Inc., Kaycan Ltd., Kolbe &
Kolbe Millwork Co. Inc., Masco Corp., MI Windows and Doors LLC, Okna Windows
Inc., OmniMax International Inc., Pella Corporation, PGT Industries Inc., Ply
Gem Industries Inc., Soft-Lite LLC, Southern Shade Window & Door Inc.,
Vinyltek Windows, Weather Shield Manufacturing Inc., and Weru AG, among others.
The
research report titled “Vinyl Doors and Windows: A
Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of major market participants. The report provides market estimates
and projections for all major geographic markets such as the United States,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Argentina,
Brazil, Chile, Mexico, and Rest of Latin America), and Rest of World.
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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