PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320132
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320132
PVC Window Profile Market size was valued at USD 532.2 Million in 2022, expanding at a CAGR of 3.7% from 2023 to 2030.
PVC windows are manufactured using polyvinyl chloride, which is heated to a specific temperature and then poured into molds of desired shapes and sizes. After the molding process, the frames undergo a cooling process. Once cooled, they are cut and assembled with other components to create the final window product. In the market, various types of PVC windows are available, including turn & tilt windows, sliding windows, and casement windows. Turn and tilt windows are commonly used in households, while sliding and casement windows find applications in warehouses, corporate offices, and hospitals. There is also a growing trend of using sliding windows in residential settings. The preference for PVC windows extends to both residential and commercial sectors due to their excellent weather resistance, effective noise cancellation, and low maintenance requirements
The growing demand for cost-effective, low maintenance windows in the construction industry is a key driver for the market growth of PVC windows. Compared to wooden windows, PVC windows offer a more affordable option with reduced maintenance requirements, making them appealing to both residential and commercial sectors. PVC windows also exhibit high weather resistance and superior noise cancellation capabilities compared to wooden windows. Additionally, they provide thermal insulation, helping to maintain lower temperatures inside rooms. These factors present significant opportunities for the global growth of the PVC window market.
The Global PVC Window Profile Market is segmented on the basis of Product Type, End User, and Region.
The market is divided into three categories based on Product Type: Turn & Tilt, Sliding, Casement. In 2023, the Turn & Tilt is anticipated to capture a significant market share. PVC is a highly durable material that can withstand various environmental conditions, such as extreme temperatures, humidity, and UV radiation. This durability ensures long-lasting performance and reduces the need for frequent replacements
The market is divided into two categories based on End User: Residential & Commercial. Among these sectors, Commercial is projected to hold the largest share and experience significant growth during the forecast period. Urbanization, the construction of smart cities, the evolving lifestyle driven by the emerging middle-class population, and foreign direct investment (FDI) in Indian companies are among the factors that have contributed to the growth of new building technologies and materials. Over the past few years, there has been a surge in demand for PVC windows and doors due to the multitude of benefits they provide. These include efficient thermal insulation and energy conservation, making them an attractive choice for consumers.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In order to gain a significant market share in the PVC Window Profile market, companies are adopting various strategies. Companies are also forming strategic partnerships and collaborations to leverage expertise and resources. Additionally, they are actively engaging with governments and participating in policy discussions to shape the regulatory environment and secure supportive frameworks for PVC Window Profile. Market expansion is pursued through the establishment of supply chains, infrastructure development, and investment in production facilities.
In February 2022, VEKA unveiled the introduction of three new profiles for windows and doors, which expands the available range of colors and designs. This move allows for greater customization options and meets the growing demand for windows and doors that provide privacy and energy-saving benefits.
In September 2021, Schuco International announced a strategic joint venture with Alufit International. This collaboration aims to enhance Schuco's focus on large commercial and infrastructure facade projects in India. The partnership enables Schuco to leverage Alufit's expertise and resources to effectively address the needs of the Indian market.
The scope of this report covers the market by its major segments, which include as follows: