Plastic Door and Window Market to Grow from $65.5B in 2022 to $113.3B by 2032

Plastic Door and Window Market: Global Trends and Forecast (2023-2032)

The global plastic door and window market, valued at $65.5 billion in 2022, is projected to reach $113.3 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032. In 2022, Asia-Pacific led the market in revenue, while LAMEA is expected to register the highest CAGR during the forecast period.

Market Overview
Plastic doors and windows, primarily made from uPVC, are valued for their energy efficiency, affordability, and durability. Plastic doors are movable panels installed at doorways to separate spaces, while plastic windows, featuring single, double, or multi-panel designs, include types such as sliding, casement, tilt and turn, bay, and fixed windows. These products offer low maintenance, resistance to rot, corrosion, pests, and UV radiation, and superior thermal insulation compared to aluminum or wood alternatives.

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Key Drivers

The market is driven by increased construction of residential and commercial buildings, growing investments in home improvements and renovations, and the inherent advantages of plastic doors and windows. Rapid urbanization, fueled by a global population expected to reach 9.7 billion by 2050, is straining urban infrastructure, prompting governments and private sectors to invest in cost-effective, high-quality structures like apartments and commercial edifices. For example, in October 2021, Dubai and India agreed to develop infrastructure in Jammu & Kashmir, including industrial parks and multipurpose towers. Additionally, Indonesia's plan to relocate its capital to Nusantara will drive new construction, boosting demand for plastic doors and windows.

Plastic doors and windows require minimal upkeep, resist environmental degradation, and offer advanced locking systems for enhanced security. Their lightweight nature simplifies installation, reducing costs. These benefits make them a preferred choice in modern construction.
Challenges

Fluctuating raw material costs, particularly driven by crude oil price volatility, pose a challenge. In 2021, crude oil prices rose by 72.7%, increasing plastic production costs by 33.4%, which could impact manufacturer profitability. The ongoing Ukraine-Russia conflict and lingering effects of the COVID-19 pandemic have further introduced price volatility, affecting production costs in regions like Europe, Latin America, North America, and Sub-Saharan Africa. Global inflation has also reduced consumer purchasing power, potentially slowing construction sector spending.

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Opportunities
The growing demand for sustainable construction materials presents significant opportunities. uPVC, a recyclable thermoplastic, can be reformed up to ten times without quality loss, making it an eco-friendly alternative to timber and aiding forest conservation. Government initiatives promoting energy-efficient and sustainable building practices further enhance market potential, particularly in regions with strong construction growth like India and China.
Impact of COVID-19 and Economic Factors
The COVID-19 pandemic disrupted construction activities, reducing demand for plastic doors and windows. While the market has largely recovered by 2023, global economic slowdowns, driven by inflation and the Ukraine-Russia conflict, continue to challenge the industry by increasing raw material costs and reducing construction budgets in some regions. However, robust construction sectors in India and China are sustaining demand.

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Market Segmentation
The plastic door and window market is segmented by:

Type: Doors (sliding, casement, sliding and folding, others) and windows (sliding, casement, tilt and turn, bay, fixed, others). The door segment led in revenue in 2022, while the window segment is expected to grow at a higher CAGR, driven by rising household numbers and nuclear family trends in developing countries.

Installation Type: New construction and replacement. New construction dominated in 2022 due to urbanization and population growth, but the replacement segment is projected to grow faster as homeowners invest in energy-efficient renovations, supported by government incentives.

Application: Residential and non-residential. The non-residential segment held the largest share in 2022 due to higher costs and demand for commercial buildings, while the residential segment is growing rapidly as consumers recognize the benefits of plastic doors and windows.

Region: North America (U.S., Canada, Mexico), Europe (Germany, France, UK, Italy, rest of Europe), Asia-Pacific (China, Japan, South Korea, India, rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa). Asia-Pacific led in 2022 and is expected to maintain the highest CAGR, driven by rapid population growth and urbanization.

Key Players and Strategies
Major companies include YKK Corporation, aluplast GmbH, Aparna Enterprises Ltd., Cornerstone Building Brands, Inc. (Atrium Corporation), DCM Shreeram Limited, Duroplast Extrusions Private Limited, Hurst Plastics Limited, JELD-WEN Holding, Inc., MI Windows and Doors, LLC, and Prominance Window Systems. These players focus on product launches and business expansion. For instance, in July 2022, Deceuninck launched the 'Slim Slide Door' for the Indian market, offering thermal and sound insulation with versatile finishes.

Key Findings

The door segment was the largest revenue contributor in 2022, with the window segment expected to grow at a higher CAGR.
New construction led in revenue in 2022, while the replacement segment is projected to have a higher CAGR.
The non-residential segment dominated in 2022, with the residential segment showing strong growth potential.
Asia-Pacific is expected to lead in revenue and CAGR, with India's market projected to grow by nearly 25% in the next decade.
The report provides comprehensive analysis of market trends, competitive dynamics, and opportunities from 2023 to 2032.

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