LONDON–(BUSINESS WIRE)–The new unplasticized polyvinyl chloride (UPVC) windows market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
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“One of the primary growth drivers for this market is the growth in the housing construction sector,” says a senior analyst for industrials at Technavio. The vendors should focus on growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover Technavio expects the unplasticized polyvinyl chloride (UPVC) windows market size to grow by USD 5.17 billion during the period 2020-2024.
Unplasticized Polyvinyl Chloride (UPVC) Windows Market Segment Highlights for 2020
- The unplasticized polyvinyl chloride (UPVC) windows market is expected to post a year-over-year growth rate of -9.42%.
- Based on the end-user, the residential segment led the market in 2019. Factors such as regulations on timber and energy-efficiency properties of UPVC windows are expected to increase the growth of the segment.
- The market growth in the segment will be significant during the forecast period.
Regional Analysis
- 72% of the growth will originate from the APAC region.
- Rapid urbanization in the main economies and an increase in disposable income are expected to increase the growth of construction activities. This will contribute to the growth of the UPVC windows market in APAC during the forecast period.
- China, India, and Japan are the key markets for unplasticized polyvinyl chloride windows in APAC.
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Notes:
- The unplasticized polyvinyl chloride (UPVC) windows market size is expected to accelerate at a CAGR of almost 3% during the forecast period.
- The unplasticized polyvinyl chloride (UPVC) windows market is segmented by end-user (Residential and Non-residential) and geography (APAC, Europe, North America, MEA, and South America).
- The market is fragmented due to the presence of many established vendors holding significant market share.
- The research report offers information on several market vendors, including ANDERSEN Corp., Deceuninck NV, Everlast Group of Companies, International Window Corp., JELD-WEN HOLDING Inc., LG Hausys Ltd., Pella Corp., PGT Innovations Inc., Ply Gem Industries Inc., and YKK Group
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