UPVC Windows – A Profound Market Analysis
Rigid PVC or UPVC (unplasticized polyvinyl chloride) is known typically for its firm, resistant, and inelastic properties. UPVC offers low-maintenance quality products and comes in a variety of colours. Most importantly, its manufacturing requires low energy input and offers recyclable and environment-friendly products.
Detailed Project Report (DPR) on upvc door & window and furniture manufacturing
UPVC products are predominantly used in industrial, residential, commercial, and construction sectors. Out of these, producing doors and windows stands out. That said, a host of factors primarily regulate the market around UPVC windows.
Market Overview
During the last 15 years, the real estate market in India has grown exponentially. As such, the Indian market of doors and windows sum up to INR 14000 to INR 15000 crores in the modern-day. The UPVC doors and windows constitute a market share is 8 to 10 per cent. Experts project that the UPVC windows market will grow up to 30 per cent in the next ten years — that’s a massive increase but unsurprising considering the modern-day growth of this industry.
The UPVC windows have gained traction over the last decade due to the following needs:
- The formation of nuclear families and the associated growth of the real estate market
- The ever-expanding metros with a vast number of apartments adding up to the girth of the cities each day — a major driving force indeed.
- Indian climate is different across different states and regions, and to date, no product is a precise answer to different climate types. But with UPVC doors and windows, the market has come up with a quality solution.
Global market size:
- Market size:In 2018, it stood at $21200 million.
- Forecasted market size:By 2025, it will spike up to $31700 million
- CAGR:5.2%
Indian market status:
- Market size:As per 2019, the market sufficed a value of $21200 million
- Forecasted market size:$29200 by 2024
- CAGR:greater than 6% between 2019 to 2025.
If you closely observe the above data, an appropriate market for expanding UPVC doors and windows in the near future is widely possible.
Market Segmentation Forecast
It’s noteworthy that numerous other industry segments also come together to give rise to this market.
For instance, chemicals like calcium carbonate and titanium dioxide are used in making UPVC products. Raw material collection (for creating unplasticized polyvinyl chloride) is another segment or sector. Each of these industries will also expand in the coming years that will, in return, support the growth of UPVC windows.
1. Ethylene – A CAGR of 9.8% is expected to be achieved from 2020 to 2026. The ethylene market size as of 2019 has grown to $146.3 billion. Its growth will induce the UPVC market growth.
2. Mineral fillers like calcium carbonate – A projected $28301.8 million growth curve is estimated for the calcium carbonate industry during 2017-2024. It is primarily used as a filler and coating pigment for UPVC products. That said, a CAGR of 6% is supposed to be achieved in the next few years.
3. Protective coatings like titanium dioxide – Even titanium dioxide is supposed to achieve a CAGR of 4.5% growth in the next five years.
Since all these industries are showing a positive growth curve in the next five years, they will positively impact the UPVC market in the forthcoming days.
UPVC Windows Market Drivers
1. Conspicuous growth in the real estate sector – The real estate sector is growing at a rapid rate, especially in the metros. This growth has given rise to the UPVC windows market.
2. Environment-friendly products – Most importantly, the ease of recycling and maintenance is one of the most important reasons why people use UPVC windows in their homes.
3. Other than windows, doors are also popular – There’s an increase in demand for UPVC doors in Indian homes as well.
4. Availability of clear, soundless products – Unlike conventional vinyl and plastics, and wood that tend to give out creaks and cracks over time, UPVC windows are more robust. They can stay crack-free for years together.
5. Other benefits like UV light resistance – Similar to plastic bottles and food containers, UPVC windows also resist the power of the sun’s UV rays.
6. Lower maintenance costs & easy installation – The product is durable yet easy to install on construction sites; maintenance costs are low too.
Conclusion
Understanding and generating a firm grasp around its price, revenue, market share classification, and growth rate is crucial towards taking the right step in this industry. Additionally, one must have adequate information about the technological, economic, and government-related intricacies associated.
As such, to obtain knowledge about different segments, one needs to move ahead with accurate reports to precisely make game-changing decisions. One needs to go with the right report-generating brand in the industry. After all, with so much to achieve from this sector, the correct data will generate the proper thought process.
