The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composite Doors & Windows Market.
It was estimated prior to this unanticipated outbreak that the Composite Doors & Windows Market will grow 8.2% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Composite Doors & Windows Market Segment Analysis:
Based on the type, the market is segmented as fiberglass reinforced plastics (FRP) and wood plastic composites (WPC). The FRP segment is estimated to register a higher growth during the forecast period owing to the increased use of fiberglass doors & windows in residential, commercial and industrial applications. This is on account of the mounting demand for maintenance-free and high temperature tolerant doors & windows in hospitals, labs, research centers and cell banks.
Based on the resin type, the market is segmented as polyester, polyvinyl chloride (PVC), and others. Polyester is expected to register the highest growth in the segment during the forecast period, due to the increasing use of polyester resins in commercial and industrial applications. Polyester resins offer high chemical resistance, insulation, fatigue resistance, toughness and transmissivity. These resins are also highly tolerant to electricity and corrosion and are used with glass fibers to produce products.
In terms of regions, North America is estimated to be the largest market for composite doors & composite windows and is further expected to maintain its dominance during the forecast period. The presence of some of the major manufacturers, such as Andersen Corporation (U.S.), Curries Assa Abloy Group (U.S.), Special-lite INC (U.S.), and Pella Corporation (U.S.) is expected to support the growth of the composite doors market in the North American region. The U.S. is a major market for composite doors & windows in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
Some of the major players in the composite doors & windows market are Andersen Corporation, Bellagreen Pvt. Ltd., Fiber Tech Composite Pvt. Ltd., Fiberline Composites, Special-Lite, Inc., Pella Corporation, Wood Plastic Composite Technologies, and Vello Nordic AS.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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