New Report Projects Vinyl Windows Market to Exceed 141 Million Units by 2015
SAN JOSE, Calif., March 17, 2011 – According to a recent research report from Global Industry Analysts, Inc., vinyl windows are gaining in popularity across the world, both in new construction and replacement markets due to low cost, style and shape varieties, strength, durability, worry-free maintenance, and good quality control.
Despite a slowdown in the construction industry, the windows market is projected to make a comeback with a construction boom in developing countries, and increasing momentum in the vinyl replacement of traditional fenestration products. The global vinyl window market is forecast to exceed 141 million units by 2015.
Superior performance and enhanced energy efficiency will also bolster the vinyl window and door market as environmental concern grows across the world and governments continue to introduce legislation energy-efficient legislation.
The report, "Vinyl Doors and Windows: A Global Strategic Business Report," provides a comprehensive review of market trends in the wake of the recent global recession, issues and challenges facing the industry, recent industry activities including mergers and acquisitions, product launches, and profiles of key players in the world market.
The report indicates global shipments for vinyl windows and doors, which declined significantly during 2008-2009, are back on track and continue to penetrate the traditional fenestration products market. In the near future, vinyl is likely to gain additional market share from wood, aluminum, and steel in developing countries. In the developed world, growth in the vinyl window and door market is being driven by expanded product choices, modern architectural emphasis on patio doors and garden windows, and the introduction of refreshing designs, colors, and styles.
The new construction market is expected to offer greater opportunities in the future, especially in developing countries, with first-time builders demanding products that are economical, robust, thermally effective, maintenance-free, and architecturally appealing.
The report claims Europe represents the largest regional market for vinyl windows. Within Europe there is wide disparity in the use of vinyl windows, with countries such as the United Kingdom exhibiting high usage rates, while in the Scandinavian countries vinyl use is as low as 25 percent. The highest growth potential and greatest increase in demand for PVC and vinyl windows is expected in developing countries in Asia-Pacific, Latin America, and Middle East, with China driving the Asia-Pacific market.
Global Industry Analysts, Inc. is a publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. For more details about this market research report, go to: www.strategyr.com/Vinyl_Doors_and_Windows_Market_Report.asp
The Vinyl Institute represents the leading manufacturers involved in the production of PVC/vinyl resin in the United States, and promotes the value of PVC/vinyl products to society.
For more information on The Vinyl Institute, contact:
Jeffrey B. Palmer
Director of Marketing & Communications
The Vinyl Institute
571-970-3327
jpalmer@vinylinfo.org
Also go to www.vinylindesign.com, www.achievegreen.net, and www.vinylinfo.org.