Vinyl Window Market To Exceed $41.41 Billion By 2031 | Top companies and industry growth insights

vinyl window market

The Vinyl Window Market size was valued at USD 26.54 Billion in 2021 and is projected to reach USD 41.41 Billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

PORTLAND, OR, USA, August 8, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “vinyl window market“Vinyl Window Market size was valued at USD 26.54 Billion in 2021 and is projected to reach USD 41.41 Billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

Vinyl windows are windows made from a plastic material, PVC (polyvinyl chloride). Adoption of vinyl windows and patio doors will continue to grow as builders and homeowners increasingly recognize the advantages of vinyl’s low cost, energy efficiency and minimal maintenance requirements. Additionally, vinyl windows are less expensive and will help boost vinyl window sales.

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The global expansion of the residential construction and renovation industry is one of the major drivers for the growth of the vinyl window market. The increase in demand for lightweight vinyl windows in the home building industry for insulation purposes, as well as the increased adoption of these panels, as they offer features such as reduced thickness, thermal insulation high and super tightness, all of which are important in building structures, propels the market forward.

Governments of various countries are investing in the residential sector due to the increase in population and improved standard of living. For example, in December 2019, new residential construction targets were introduced by the German government. Several incentive programs for efficient residential buildings and renovations were updated and relaunched in early 2020 to help achieve these goals. Therefore, due to the increase in population, these investments in the construction industry will increase the use of vinyl windows. All these factors provide lucrative opportunities during the forecast period of the Vinyl Window Market.

However, during the COVID-19 pandemic, various manufacturers in the market have had to stop their operations in countries like China, USA, and India. This disruption directly impacted the sales of window companies. Additionally, lack of labor and raw materials has also limited the supply of vinyl window system equipment, which has negatively affected the growth of the market. However, the reopening of production facilities and the introduction of coronavirus disease vaccines are expected to cause vinyl window businesses to reopen.

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Asia-Pacific dominated the vinyl window market share in terms of revenue in 2021, driven by growth in the residential sector owing to increase in population and income level. In addition, the increase in renovation activities in developing countries, as well as the increase in building construction, will provide a wide range of opportunities for self-adhesive vinyl films to be used for windows, ceilings , walls, kitchen and many more. interior spaces driving the growth of the vinyl window market in Asia Pacific.

Main results of the study

The report provides an in-depth analysis of current and emerging global vinyl window market trends and dynamics.

By type, casement window segment led the vinyl window market, in terms of revenue in 2021 and sliding window is expected to grow at a significant CAGR during the forecast period.

By application, the new construction segment recorded the highest revenue in 2021.

Asia-Pacific is expected to register the highest growth rate in the coming years.

Key players of the global Vinyl Window market are profiled in this report and their strategies are thoroughly analyzed which helps to understand the competitive outlook of the Vinyl Window industry.

The report provides an in-depth analysis of the current vinyl window market opportunities.

An in-depth analysis of the global vinyl window market is carried out by constructing estimates for the key segments between 2022 and 2031.

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David Correa
Allied Analytics LLP
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Jack L. Goldstein