Plastic Door and Window Market Expected to Reach $113.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Plastic Door and Window Market," The plastic door and window market size was valued at $65.5 billion in 2022, and is estimated to reach $113.3 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032. Plastic doors and windows have witnessed a rapid rise owing to their cheaper price, better insulating capabilities than aluminum, and extensive durability. On average, a uPVC window is replaced in 20 years, indicating the durability of plastic.

By type, the market is bifurcated into door and window. The door segment is further fragmented into sliding doors, slide & folding doors, casement doors, and others. Similarly, the window segment is further categorized into slide, casement, tilt & turn, bay, fixed, and others. In 2022, the door segment accounted for a higher plastic door and window market share in terms of revenue. On the other hand, the window segment is anticipated to grow with a higher CAGR during the forecast period. The cost of doors is significantly higher than the windows; thus, even after higher unit sales of windows, the revenue generated by the door segment is higher.

Moreover, the market is segmented on the basis of installation type, which includes new construction and replacement. The new construction segment registered a high market share in 2022, in terms of revenue. The new construction refers to the plastic doors and windows meant for installation in a new construction project, where components such as frames, and window panes are installed for the first time. Moreover, the replacement segment is expected to grow with the highest CAGR in the coming years, owing to increased spending on home renovation and also due to increased awareness regarding the energy-saving capabilities of plastic doors and windows. Moreover, according to the British Plastic Federation, the uPVC replacement doors and windows dominate the replacement segment of the market.

Furthermore, the market is analyzed with respect to different applications of plastic doors and windows such as residential and non-residential. The non-residential segment accounted for a higher market share in terms of revenue in 2022, mainly due to the increase in public building construction, which uses plastic doors and windows. In addition, the cost of commercial plastic doors and windows is much higher than the residential ones. The residential segment is expected to dominate the plastic door and window market forecast by growing with a higher CAGR during the forecast period, owing to rapid urbanization in developing nations.

The plastic door and windows market is largely driven by factors such as a rise in the number of new residential & commercial buildings, increase in investments in home & building improvements, repair & renovation, and also due to various advantageous factors associated with the door & windows made with plastic. However, fluctuations in the cost of raw materials used for manufacturing plastic doors and windows are expected to restrain the plastic door and window market growth in the coming years. Contrarily, increased demand for sustainable building products that includes uPVC doors and windows is expected to present growth opportunities for the plastic door and window market growth.

In 2022, Asia-Pacific dominated the plastic door and window market, in terms of revenue, followed by North America and Europe. Moreover, the plastic door and window market in Asia-Pacific is anticipated to grow with a higher CAGR during the forecast period. Growth in the construction sector in countries, such as China, India, Malaysia, and Indonesia has been an instrumental factor for the high market growth in Asia-Pacific.

However, various businesses in the plastic door and window market are expected to witness a slow growth rate in the coming years owing to the looming recession in major countries driven by the Ukraine-Russia war. The inflation has already led to higher prices of materials in the construction sector, which is the primary end user of plastic doors and windows and related products. In addition, the cost of plastic has increased in recent months, indicating an increased price of plastic doors and windows.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging plastic door and window market trends and dynamics. 
• Depending on the type, the door segment dominated the plastic door and window market, in terms of revenue in 2022 and the window segment is projected to grow at a significant CAGR during the forecast period.
• By installation type, the new construction segment dominated the plastic door and window market share in terms of revenue generated in 2022, while the replacement segment is anticipated to grow with a higher CAGR during the forecast period.
• By application, non-residential segment registered a higher revenue in 2022.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• The key players within the plastic door and window market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the plastic door and window industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market. 
• In-depth plastic door and window market analysis is conducted by constructing estimations for the key segments between 2023 and 2032