The uPVC material segment is slated to account for around USD 50 billion by 2028. uPVC window & door profiles are set to gain share due to high growth across regional markets. This can be attributed to a varied demand for low prices, energy efficiency, etc., which is facilitated through the installation of these systems. uPVC will continue to observe high adoption rate impelled by its environmental-friendly and recyclable nature. Furthermore, they resist chemicals, water, and pollution. uPVC is a good insulating material, which keeps the home warmer in the winter and cooler in summer. Additionally, these materials also provide a good level of insulation against street noises.
The others material segment includes WPC, glass, and others. The others segment held more than 13% of the revenue share and is anticipated to reach a value of about USD 20 billion by 2028.
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The window & door frame market from residential application is set to generate nearly USD 95 billion by 2028. It is largest revenue-generating segment and will exhibit similar trends throughout the study timeframe. Growing demand for new residential is expected to witness sturdy growth. Manufacturers are majorly focusing on new construction due to the high profitability achieved through new residential construction. Increasing demand for energy-efficient products, particularly in new residential constructions, will enhance the overall market growth.
Moreover, industry players are focusing on providing improved products for construction propelled by development in the infrastructure industry. Improvement & repair application is predicted to see steady growth during 2022 to 2028 driven by growing trends toward enhanced products. Increasing demand for high-quality window & door frames is one of the key factors boosting repair spending. Window & door frame dealers are primarily focusing on improving their product portfolios in the residential sector led by high profitability.
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Asia Pacific window & door frame market is likely to surpass around 22.5 million tons demand by 2028 owing to the growing need to improve the energy efficiency of homes and buildings. The increased adoption of high-efficiency uPVC to replace older windows is projected to substantially contribute to the regional industry growth.
North America market is forecast to reach a value of over USD 30 billion by 2028. The increasing construction spending, especially in the U.S., coupled with rising demand for commercial spaces is anticipated to fuel market statistics. Additionally, companies operating in the region are adopting new product development, partnership, and merger & acquisition strategies to increase their customer base and gain competitive advantages over other players.