UPVC Windows Market Share Growing Rapidly, Recent Trends, Russia Ukraine War Impact

Posted on May 16 2022 5:59 AM

"Companies covered in the UPVC Windows Market are Fenesta, LG Hausys, Welltech Systems, Asahi India Glass Limited, Deceuninck, VEKA, NK Windows And Others. "

Recent updated research by Fortune Business Insights™ The global UPVC windows market size is envisaged to gain steady momentum over the next few years owing to the astronomical growth in construction activities worldwide, finds Fortune Business Insights™ in its report, titled “UPVC  Windows Market, 2022-2029”.

Accelerated urbanization, high-tech and innovative technologies facilitating the construction of smart cities, and the soaring demand for commercial spaces and personal housing due to a rapidly expanding middle-class indeveloping economies have increased the intensity of construction operations.  According to a paper co-developed by Oxford Economics and Global Construction Perspectives, the value of construction output is set to hit USD 15.5 trillion by 2030, surging at an average rate of 85% over the next decade. India, China, and the US will account for 57% of this growth, as per the report’s findings.

UPVC (unplasticized polyvinyl chloride) is a building material that has gained attention due to its high quality and recyclable nature, being seen asa replacement for other traditional materialssuch as timber and other low-quality plastic materials used in construction sites. This material is low maintenance yet effective in making windows and doors. Construction companiesare replacing conventional timber and aluminum windows with modern and eco-friendly UPVC windows. These windows offer a higher degree of durability and security and are also cost-effective, as well as provide efficient insulation from weather and pollution. Further, unlike many window types, UPVC windows are completely termite-and corrosion-free. Thus, their adoption by several construction firms worldwide is boosting this market.

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Impact of Russia-Ukraine War Implication

The Russia-Ukraine war could change the market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

List of Key Players Covered in the UPVC Windows Market Report:

  • Deceuninck
  • Munster Joinery
  • Internorm
  • LG Hausys
  • NAWA International
  • Lingel
  • Encraft
  • Everest
  • Aluplast
  • Specialized Qatar UPVC Systems Company
  • LESSO
  • Fenesta
  • Rehau
  • Veka

 

Market Segmentation

On the basis of application, this market is bifurcated into residential and commercial. Based on geography, the market’s divisions include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Salient Features of the Report

The report incorporates a careful diagnosis of the drivers and restraints influencing the size, share, and growth of the market. Further, the report also supplies a holistic analysis of the prime market segments and provides a comprehensive study of the regional growth prospects of the market. In addition to these aspects, the report also contains a detailed evaluation of the key players in the market and their top strategies.

Driving Factor

Green Construction Approach to Fuel Market Growth

With the demand for environment-friendly construction materials rising, UPVC windows have taken over the market as they are recyclable. To bring green building technologies into the urban construction landscape, property developers and construction companies have started taking the initiative to build green-certified propertiesand started using features that will favor green constructions. To support green constructions, builders and polymer-making companies are producing uPVC pipes for makingdoors and windows. Moreover, the UPVC material can help accelerate sustainability in the construction industry because the green construction approach helps buildings to use less energy, water, and materials to reduce impacts on human health and the environment. In addition, uPVC doors and windows are free of lead (Pb) and other hazardous substances, making them safe forhumans as well look.

 

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Report Aim & Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
  • The various parameters accelerating the growth of the market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the market during the forecast period.

Regional Insights

Flourishing Residential Sector in Asia Pacific to Create Promising Opportunities

Among regions, Asia Pacific is poised to dominate the UPVC windows market share in the forthcoming years due to rapid urbanization experienced by countries such as India and China in the last few decades. This speedy growth of urban areas has created a thriving residential sector in these countries, making them an investment hub for construction companies.

On the other hand, lucrative opportunities await forcompanies in North America for UPVC windows and doors that guarantee fire-safety and energy efficiency for buildings. This may help to meet the latest building regulations. The Middle East & Africa region also favors the market for UPVC windows due to the proliferation ofmany domestic uPVC producers.

Competitive Landscape

Key Players to Concentrate on Expanding Business Operations

The competitive dynamics of this market are being shaped by the expansion of operations by key players. The demand for recyclable construction materials is rising as the environment is the main concern of the hour. For instance, Fenesta and Rehau claim that uPVC products at the end of their life, are converted into other useful products along with the waste materials that are generated during the manufacturing of these uPVC pipes. Developing and developed nations are working together to use materials that are environment friendly as well as of superior quality.

Industry Development:

July 2019: Sanitaryware producer HSIL Ltd announced that it will double the capacity of its newly set up plastic pipes and fittings facility at Isnapur in the Sangareddy district of Telangana. They have planned to manufacture 60,000 metric tonnes per annum at an investment of Rs150 crore by 2022.

 

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