Buoyant doors and windows market to drive demand for aluminium fenestration products

According to a recently published market research report, the demand for doors and windows in the global housing market will increase at the rate of six percent approximately through 2019- a deceleration from the growth rate recorded in the 2009-2014 period. Value-wise the market size will cross $230 billion. Piggybacking this buoyancy the demand for downstream aluminium and aluminium products will increase providing traction to the entire aluminium value chain.

In the report, reduced spending on building and construction in the Asia /Pacific region- the largest market for doors and windows, has been identified as the reason behind the declining demand for doors and windows. However, further recoveries in the housing markets of the US and Europe, the higher income areas, are expected to boost demand in the later half of 2014-2019. The Africa/Middle East region too will register rapid growth in windows and doors demand through 2019.

Based on the data provided in the report, growth will be above the global average due to increased urbanization, increased spending in building construction, and rising personal income levels that will in turn, lead to the adoption of more technologically advanced and environmentally sustainable building practices involving use of fully-recyclable aluminium fenestration products. The fastest demand gains, however, are expected in the plastic fenestration products followed by fibreglass doors.

In Central and South America, growth in the windows and doors demand allowing use of lightweight aluminium products will be steady, although below the global average. Overall gains will be limited by decelerating non-housing construction activities.

The companies discussed in this global windows and doors market research report include Associated Materials LLC, Reynaers Aluminium NV, Champion Windows Manufacturing Incorporated, MI Windows and Doors Incorporated etc.