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Forecast Period
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2024-2028
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Market Size (2022)
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USD 8.5 Billion
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CAGR (2023-2028)
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4.20%
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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 Residential UPVC Doors
& Windows Market has
valued at USD 8.5 Billion in 2022 and is anticipated to project robust growth
in the forecast period with a CAGR of 4.20%
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 Residential
and residential buildings may drive the Indian Residential 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 Residential
UPVC Doors & Windows are use in infrastructure development, due to which
market of India Residential 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 Residential 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 Residential 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 Residential 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.