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SOURCE The Freedonia Group
Plastic window products will see the largest share of overall sales growth due to cost and performance
CLEVELAND, Jan. 2, 2018 /PRNewswire/ -- Global windows and doors demand is projected to advance 4.5% per year to $214 billion in 2021. The US and China will drive demand as they account for 65% of the global sales growth over this period. Increased spending on new office and commercial buildings in China, and the ongoing strength of new home construction in the US will support this demand. These and other trends are presented in Global Windows & Doors, 8th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/global-windows-doors-by-product-material-market-and-region-8th-edition-3588.htm
New residential construction accounted for the largest share of windows and doors demand in 2016 and will continue to do so going forward, totaling 35% of the market in 2021. The Africa/Mideast region will see the fastest growth for this market, as rising income levels and increased rural-to-urban migration rates are supporting the purchase of new, formal housing units.
In terms of window products, plastic will account for the largest share of overall sales growth in value terms in 2021. The cost and performance advantages of PVC products, especially in developing regions where market penetration has not advanced as far as in higher income areas, will spur this growth.
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About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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