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Forecast Period
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2024-2028
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Market Size (2022)
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USD 22.78 Billion
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CAGR (2023-2028)
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7.09%
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Fastest Growing Segment
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UPVC Doors
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Largest Market
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Asia
Pacific
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Market Overview
Global Industrial
UPVC Doors & Windows Market has valued at USD 22.78 Billion in 2022 and
is anticipated to project robust growth in the forecast period with a CAGR of 7.09%
through 2028. The global uPVC (unplasticized polyvinyl chloride) doors and
windows market refers to the industry that manufactures, sells, and distributes
doors and windows made from uPVC material. uPVC is a type of plastic that is
rigid and does not contain plasticizers, making it a suitable material for
construction applications due to its durability, energy efficiency, and low
maintenance requirements. uPVC doors and windows are commonly used in
residential, commercial, and industrial buildings for their insulation
properties, weather resistance, and aesthetic appeal. uPVC doors and windows
are designed to withstand various environmental conditions, including extreme
temperatures, moisture, and UV radiation. They offer several advantages over
traditional materials like wood or aluminum, including: Energy Efficiency: uPVC
doors and windows have excellent insulation properties, helping to reduce heat
transfer and maintain indoor temperatures, which can lead to energy savings. Durability:
uPVC is highly durable and resistant to corrosion, rotting, and warping,
ensuring a longer lifespan compared to other materials. Low Maintenance: uPVC
requires minimal maintenance as it does not require painting, staining, or
sealing. It can be easily cleaned with water and mild soap. Weather Resistance:
uPVC doors and windows can withstand harsh weather conditions, including rain,
wind, and sunlight, without deteriorating. Sound Insulation: uPVC has good
soundproofing properties, helping to reduce outside noise and creating a
quieter indoor environment. Aesthetics: uPVC doors and windows come in various
styles, designs, and colors, allowing for customization to match the
architectural aesthetics of different buildings.
Key Market Drivers
Increasing consumer
spending on the construction and renovation of Industrial and residential
buildings may drive the Indian Industrial UPVC Doors & Windows Market
growth. Improving consumer awareness of the benefits of UPVC products, fast
urbanization, substantial movement of working-class people to cities, as well
as a rise in residential units all contributed to the industry's continuous
expansion. The present Indian window and door (all material) industry is
worth roughly INR 14,000-15,000 crore (USD 1695.8- 1817 Million), with uPVC window
and door profiles accounting for about 8-10% of the market.
Between April 2000 to
September 2022, India's construction development sector (townships, housing,
built-up infrastructure, and construction development projects) and
construction (infrastructure) activities reached USD 26.24 billion and USD
28.96 billion, respectively. Since, construction sector is growing rapidly in
the future, hence huge number of Industrial UPVC Doors & Windows are use in
infrastructure development, due to which market of India Industrial UPVC Doors
& Windows is anticipated to grow with a high CAGR in the forecast period.
Smart
City Construction in the Nation
The market is predictable
to expand synergistically in the mid-long term due to numerous other driving
aspects, including the lack of household units in the country, the fundamental
government’s initiatives to grow affordable housing for all by 2022, and the
construction of various smart metropolises city across the nation. For
instance, The Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) is a social welfare
initiative in India that aims to provide "Housing for Everyone by
2022." The program's goal is to offer permanent homes with basic
amenities to all houseless households as well as those living in temporary or
decrepit dwellings in rural regions.
Urbanization, smart city
construction, changing lifestyles owing to the increasing middle-class
population, and FDI in Indian firms are just a few of the causes driving the
development of innovative building technologies and materials. One such
construction material that has grown in popularity as a replacement for other
traditional materials is UPVC (unplasticized polyvinyl chloride).
It prevents condensation,
which also eliminates thermal bridging, and this material grade never flakes,
fades, pits, peels, peels, rusts, or corrodes. The only thing it requires for
maintenance is a check of the seal and a mild soapy wash. UPVC is cheap and has
features like as excellent rigidity, aesthetic appearance, and flame
retardancy. As the residue of vinyl chloride is limited, UPVC is FDA compliant
and suited for transparent applications. It is also more chemical resistant
than flexible PVC.
UPVC requires less
maintenance and is an efficient material for manufacturing windows and doors.
Due to the numerous advantages that uPVC provides, the industry has seen an
increase in demand for UPVC windows and doors in recent years. UPVC windows and
doors offer effective thermal insulation and contribute to energy conservation.
Furthermore, with correctly built windows and installations, UPVC windows
provide great sound insulation. Due to which market is expected to grow with
the high CAGR in the forecast period.
Affordable
Housing & Rising Real Estate Construction
Affordable housing is in
scarce supply in India's rapidly growing cities. Now, the country is short 18
million homes, 15 million of which are needed for low-income households earning
less than 16,000 Indian Rupees (USD 250) each month. The UPVC material is
recyclable, offers UV protection, sound insulation, salinity resistance, and
impact resistance, and has various additional Industrial applications. Since
unplasticized PVC does not include any extra additive material during
manufacture, it needs less energy to produce. Hence, in India people are
adopting uPVC doors and windows.
According to Savills
India, data center real estate demand is predicted to expand by 15-18 million
square feet by 2025. By 2023, organized retail real estate stock is predicted
to rise by 28% to 82 million square feet. Demand for doors and windows has
grown due to greater urbanization and rising household income. India is one of
the top ten fastest-growing housing markets in the world. As a result, substantial residential unit
construction is necessary to fulfil the housing sector's demand. The
residential sector has enormous potential for UPVC door and window growth and
adoption.
Government
Initiatives Towards Smart City Program
Additionally, the
Government of India launched a programme in 2015 to build 100 smart cities by
FY 2020. Smart cities prioritise public safety, energy conservation, and
environmental friendliness. Due to its high compliance in high-rise structures
and aesthetic features, UPVC doors and windows are more likely to emerge as the
preferred fenestration choice over conventional aluminum and timber
equivalents. The federal government's announcement of 100 smart cities,
expansion in infrastructure owing to massive investment by both governments in
India, and an increase in FDI all indicate that the UPVC window and door
industry could have additional chances and expand at a decent discount. Also, a
few infrastructure development projects will be completed in these locations,
which may offer further impetus to the sector between 2024 and 2028.
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Key Market Challenges
Despite the positive
growth trends, the UPVC doors and windows industry faces several challenges
that impact its development and market dynamics. Competition from Other
Materials: While UPVC has gained popularity, it faces competition from other
materials such as aluminum, wood, and composite options. Each material has its
own set of advantages and disadvantages, leading to diverse consumer
preferences based on factors like aesthetics, performance, and sustainability.
Environmental Concerns: Although UPVC is durable and requires minimal
maintenance, its production involves the use of chemicals and is not
biodegradable. This raises concerns about its environmental impact and the
responsible disposal of old UPVC products. Sustainable practices and
innovations are required to address these concerns.
Aesthetics: Despite the
availability of various design options, some consumers still prefer the natural
elegance of wood or the modern sleekness of aluminum. Convincing these
consumers about the benefits of UPVC's practicality and performance remains a challenge.
Changing Regulations: Regulations related to construction materials, energy
efficiency standards, and environmental impact can impact the UPVC market.
Manufacturers need to stay abreast of evolving regulations to ensure their
products remain compliant and competitive. In regions where UPVC products are
already widely adopted, the market could become saturated. This saturation
might lead to heightened competition among manufacturers, potentially resulting
in price pressures and thinner profit margins. In certain markets, there might
be a perception that UPVC is of lower quality compared to traditional materials
like wood. Educating consumers about UPVC's benefits, including its durability,
energy efficiency, and design versatility, is crucial for shifting these
perceptions.
In conclusion, the global
UPVC doors and windows market has witnessed remarkable growth due to its energy
efficiency, durability, low maintenance, aesthetic adaptability, and
cost-effectiveness. However, challenges including competition from other materials,
environmental concerns, aesthetic preferences, changing regulations, market
saturation, and perception issues pose hurdles for the industry's sustained
progress. As the industry evolves, addressing these challenges will be
essential to ensuring UPVC's continued relevance and success in the
construction market.
Key Market Trends
Latest Innovation
in Industrial UPVC Doors & Windows
Doors And Windows
Market are now able to suggest world-class products, such as uPVC, to
people searching for comfort and improved lives at low pricing. Casement
(outward and inward open), tilt and turn, sliding, slide and fold, lift and
slide, top hung, and other forms of uPVC windows and doors complement modern
architecture in a unique way.
The growing popularity and
demand for uPVC windows and doors has provided chances for several local and
Chinese companies to enter this market. Since India is a price sensitive
market, these corporations frequently compromise quality to increase profits,
resulting in a negative image of the product.
Furthermore, when properly
built and installed, uPVC windows provide excellent sound insulation. uPVC windows
and doors are available in a variety of forms and styles to match any modern
architecture and may be installed in any type of structure, including villas,
high-rise apartments, businesses, hotels, and hospitals. They are also
available in a variety of color options, which may add value to your home's
interiors/exteriors. Interestingly, people don't have to be concerned about the
durability, uPVC compound qualities - window and door profiles are termite
resistant and almost endure forever.
Segmental Insights
End user Insights
UPVC doors are more
durable and weather-resistant than other types of doors, such as wood or
aluminum. This makes them ideal for Industrial applications, where they are
exposed to harsh weather conditions. UPVC doors are also more energy-efficient
than other types of doors. This can save businesses money on their energy
bills. UPVC doors are relatively easy to maintain and clean. This makes them a
low-maintenance option for businesses. Doors are available in a wide variety of
styles and colors. This allows businesses to choose doors that match the décor
of their establishment.