Report ID: SQMIG15F2176
Report ID:
SQMIG15F2176 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
71
Global composite doors and windows market size was valued at USD 1.7 billion in 2022 and is poised to grow from USD 1.76 billion in 2023 to USD 2.34 billion by 2031, growing at a CAGR of 3.6% in the forecast period (2024-2031).
Doors and windows made from composite materials are known as composite doors and windows. These types of doors and windows are gaining massive popularity across the world owing to their high durability and low cost as compared to traditional alternatives. The rapidly expanding construction industry and growing demand for lightweight materials are also contributing to the rising sales of composite doors and windows. High resistance to chemicals, water, and all types of harsh environmental conditions is promoting the demand for composite doors and windows. Moreover, doors and windows made from composite materials provide superior heat and electrical insulation as compared to products made from wood or metals. High investments in infrastructure development around the world are also favoring composite doors and windows market growth.
Increasing number of people undertaking renovation of their homes and growing popularity of DIY construction are estimated to bolster sales of composite doors and windows over the coming years. However, the availability of cheap alternatives and high costs of composite doors and windows are estimated to slow down composite doors and windows market development in the long run.
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Report ID: SQMIG15F2176