As cited by the business intelligence report titled ‘Global Composite Doors & Windows Market Size study, by type (Fiberglass Reinforced Plastics (FRP), Wood Plastic Composites (WPC)), By Resin Type(Polyester, Polyvinyl Chloride (PVC) and Other Resins, By Application (Industrial, Commercial and Residential) and Regional Forecasts 2020-2027’, available with Market Study Report, global composite doors & windows market was worth USD 1036.80 million in 2019 and is estimated to grow at 6.3% CAGR over 2020-2027, subsequently reaching a valuation of USD 1690.30 million by the end of the stipulated timeframe.
 

As per the report findings, increasing expenditure in the construction sector, growing number of restoration activities, and shifting preferences towards lightweight substitutes for wood or metal doors are augmenting worldwide composite doors & windows market size.
 

For the record, composite doors and windows are known to offer superior protection against acids, salts, and other soluble base substances. They strong demand for these products can be attributed to their advantageous properties, including tangibility, sound insulation, high durability, and resistance against corrosion, wind, water, termite, as well as harsh ecological conditions.
 

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Speaking of the factors impeding global composite doors & windows market expansion, availability of more affordable, low-grade alternatives, and high production costs are decreasing the remuneration scope of the industry vertical during the forecast timeframe.
 

Based on product type, the market is categorized into wood plastic composites (WPC) and fiberglass reinforced plastics (FRP).
 

Proceeding further,  the market is bifurcated into residential, commercial, and industrial.
 

With regards to resin type, the industry is split into polyvinyl chloride (PVC), polyester, and other resins.
 

Regionally, North America currently leads composite global doors & windows market and is touted to amass significant gains through 2027. Surging product demand for various industrial applications, along with increasing number of construction and renovation activities are bolstering the regional market expansion.
 

Special-Lite, Inc., Dortek Ltd., Fiberline Composites A/S, Curries Co. (ASSA ABLOY Group), Vello Nordic AS, Pella Corp., Andersen Corp., Nationwide Windows Ltd., Ecoste, and Fiber Tech Composite Pvt. Ltd. are the key players in global composite doors & windows market sphere.These industry giants are focusing on strategic alliances such as mergers and acquisitions, along with innovative product launches to stay afloat amid the intensifying competition in this business space.