One of the most common types of doors used today is composite doors and windows. To obtain a higher quality frame, two or more materials are usually mixed. Composite doors and windows are extremely low-maintenance, energy-efficient, and high-quality. Composite materials are employed in the production of the doors to minimise their total weight. The doors can tolerate corrosion and are very resistant to temperature fluctuations. The sector is expected to grow due to benefits such as increased features and properties over traditional windows and doors.
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According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), the global Wood Plastic Composites Market was worth $2,551 million in 2016 and is predicted to reach $6,584 million by 2023, with a CAGR of 12.6 percent between 2017 and 2023.
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Rising demand:
Maintenance-free and corrosion-resistant doors are in high demand in the industrial and commercial sectors around the world. WPC doors are excellent insulators and can keep the temperature within the building stable. Because of their outstanding quality and design, these doors set very high standards. Another factor expected to drive industry growth during the forecast period is the growing demand for WPC windows and doors in buildings and constructions due to its remarkable qualities such as corrosion resistance and resilience to high temperatures.
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Market segmentation:
In the industrial, commercial, and residential sectors, the market is split by the end use application type. Composite doors can also endure UV rays and provide adequate insulation against electricity and heat without jeopardising safety. The composite door market is likely to be dominated by the North American region.
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The expansion of industrial renovation and building operations in the region is a major factor in the market's expansion. Similar trends are projected in the European market, where heat resistant and energy efficient goods are in high demand in the industrial and commercial sectors.
Growth factors:
· Positive construction investment and the expansion of improvised actions are two key drivers projected to drive the composite doors and windows market forward over the forecast period.
· The composite doors and windows market is expected to increase due to factors such as product qualities such as tangibility and intangibility, water and wind resistance, corrosion resistance, and thermal properties.
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· FRP doors and windows' durability and low maintenance, WPC doors and windows' unique features, the growing use of composites in construction, economic expansion, and impending building and infrastructure improvements in emerging countries are all factors to consider.
· The increased usage of composite doors and windows in a variety of end-use industries, as well as the expanding use of WPC in "green buildings," are projected to drive the composite doors and windows market forward.
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Asia-Pacific market:
Due to the increased use of composite doors in industrial applications, Asia Pacific is likely to see considerable growth in the composite doors and windows market over the forecast period. The expanding number of hospitals, social buildings, and laboratories, as well as the need to improve hygiene in these sectors to prevent disease spread, combined with low maintenance costs, is predicted to drive the composite doors and windows market in the region.
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Global market:
Amid the COVID-19 crisis, the global market for Composite Doors & Windows, which was anticipated to be worth US$1.1 billion in 2020, is expected to expand to US$1.5 billion by 2027, with a CAGR of 4.9 percent from 2020 to 2027.Andersen Corporation (US), ECOSTE Wood Polymer (India), Hardy Smith Group (India), and Special-Lite Inc. are the major competitors in the global Composite doors and windows industry (U.S.).
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Conclusion:
NPCS is a trusted name in the industrial world for delivering integrated technical consultancy services. The NPCS team consists of engineers, planners, specialists, financial experts, economic analysts, and design professionals with extensive expertise in related industries. Please contact us if you require any other information.
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