Fiberglass Doors Manufacturing Business

Fiberglass Doors Manufacturing Business. Production of (FRP) Fiberglass Doors (Surrounded Wood and Inside Filled Polyurethane Foam by Injection)

Fiberglass doors are extremely eco-friendly, and most of the fiberglass panels are Energy-Star compliant. Fire-resistant to a great degree, these fiberglass doors have become something of a structural necessity in India in recent years. Affordable, stylish and extremely compact, fiberglass doors in India are now expertly-produced and crafted to give that niche feel to the room.

Features:

· Corrosion Resistant

· Maintenance Free

· Light-Weight

· East to Install

· High Durability

· Self-Pigmented

· Eco-Friendly

· Attractive Designs

· Less maintenance

· Precisely designed

· Perfect finish

Advantages for FRP Door:

· The fixing is simple as conventional wooden doors and can be fixed on any door frame

· The doors are free from swelling, warping or splitting & have good impact resistance

· The doors have no effect of water, insects or termites and have excellent weathering properties

· FRP doors have a significantly lower coefficient of thermal expansion compared to PVC / wooden doors, allowing doors and frames to be manufactured to a tight tolerance

Market Outlook

Doors Market size was valued over USD 90 billion in 2016 and is set to exceed 240 million units by 2024. Rapid development and increasing spending on residential & commercial projects owing to need to improve occupancy ratios and average room rates in hotels will drive door market growth. Asia Pacific spending on the construction sector was over USD 3 trillion in 2016, with China being a major contributor, spending over USD 1 trillion. The volume of construction output is expected to grow by over 85%, valued at around USD 15 trillion worldwide by 2030. Population growth led to a surge in urban development projects have witnessed a strong upsurge and expected to continue the same over the forecast timeframe.

Some of the main factors that drives the doors market are rising construction activities, growing investments in the construction industry and growing urbanization & industrialization. Moreover, the growing demand for doors for safety purposes such as fire and security due to rising safety regulations is further expected to drive the market. Based on application, the market has been categorized into residential and non-residential segment, the residential segment of the doors market is projected to grow at the highest CAGR during the forecast period due to increasing urban population and increasing renovations & replacements.

APAC region dominate the global door market owing to growing population, growing urbanization, growing construction sectors and increasing disposable incomes.

Some of the leading players in the Global Doors Market are Assa Abloy, Masco, Andersen, JELD-WEN, PGT, Dorma Kaba, Allegion, Masonite International, Ply Gem Holdings, Fancy Doors & Mouldings etc.

Major Players in Fiberglass Doors market are:

· JELD-WEN

· Builders Choice

· Feather River Doors

· Steves and Sons

· Masonite

· Milliken Millwork

· Stanley Doors

· Builder's Choice

Indian Doors Market

Indian Doors Market is estimated to exceed over USD 2,800 million by 2024. Growing urbanization coupled with increasing infrastructure spending is anticipated to drive Indian doors market growth. Up surge in government spending in residential projects, commercial & building renovation, along with rise in tourism industry has positively influenced the product demand.

Residential application contributes more than 60% of Indian Doors Market in 2016. Increasing infrastructural spending is a key factor driving the industry outlook. Social development along with subsidies available for housing construction will further boost the product demand. Renovations in households have witnessed a strong upsurge in the past and are expected to continue over the forecast timeframe.

Increasing consumer spending on construction and renovation of commercial & residential buildings will drive Indian doors market growth. Booming demand for energy efficient and impact resistant housing infrastructure will lead industry towards more innovative product materials.

Indian doors market share includes Magna International, KONE India, Fenesta Building Systems, DORMA, Century, D. S. India, Duroplast Extrusions, Beautex, Geeta Aluminum Company, Hifab Aluminum, Kalco Alu-systems, Lumani Schuco, Mahavir Aluminum, Reynaers Aluminum, Sapa Building System, and Welltech Systems.

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Annexure 1:: Cost of Project and Means of Finance
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