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China UPVC Doors and Windows Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

China UPVC Doors and Windows Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

China UPVC Window and Door Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly at a CAGR of more than 7% during the forecast period.

COVID-19 has also disrupted the global supply chain of the major products. China is one of the largest consumers and producers and also caters to a wide range of countries by exporting several input supplies that are essentially used to produce UPVC finished goods. Shut down of the production in China has forced suffered a huge loss. This is leading to the increase in the supply and demand gap and the product market. Owing to the COVID-19 pandemic the market has been under pressure from mid-February 2020 which restricted the construction of housing and building projects and the lockdown restrictions have forced to stop manufacturing of UPVC products which resulted in a decline in the overall China market..

Increasing consumer spending on construction and renovation of commercial & residential buildings will drive China UPVC doors and windows market growth. Booming demand for energy efficient and impact resistant housing infrastructure will lead industry towards more innovative product materials. Gains will be driven by growing awareness about the benefits of UPVC products, ongoing industrialization, an increasing urban population, expanding foreign investment funding, rising personal income levels, and further population and household growth in China. In addition, the government’s effort to sustain growth in the manufacturing sector, improve the country’s infrastructure, expand municipal utilities, and balance regional economic disparity will help growth in construction spending. Government efforts to improve living conditions for low-income earners (such as construction of affordable and low rent houses in urban areas and subsidies for alterations of dilapidated farmhouses in rural areas) will also further gains in this segment. The UPVC material offers insulation against rain, it is recyclable, offers UV protection, sound insulation, resistant to saltwater, impact resistance, and has several other commercial applications. The unplasticized PVC does not have any additive material added to it during production as the normal PVC and hence requires less energy input during production. Therefore, a massive level of residential unit construction is required to meet this demand of housing sector. The residential sector thereby presents a huge potential for the expansion and adoption of UPVC doors and windows.

Key Market Trends

Increasing Construction and Infrastructure Development Will Drive the Product Market Growth

Increasing construction and infrastructure development industry, public funding, and a decline in the construction material prices will boost the product market growth. In addition, private and public partnership projects to support infrastructure development in rural areas are expected to induce immense potential to the industry size. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry was forecasted to maintain a continuous growth at around five percent annually. Robust growth in consumer spending for manufactured goods and services, accommodative government policies, and foreign direct investment, as well as government efforts to improve standards of living in China, will all help to spur gains in non-residential infrastructure.

Industrial & Construction Segment In China Is Witnessing A Surge In The Market Share

Industry and construction account for about 48% of China's GDP. China ranks first worldwide in industrial output. Major industries include mining and ore processing; iron and steel; aluminum; coal; machinery; armaments; textiles and apparel; petroleum; cement; chemical; fertilizers; food processing; automobiles and other transportation equipment including rail cars and locomotives, ships, and aircraft; consumer products including footwear, toys, and electronics; telecommunications and information technology. China has become a preferred destination for the relocation of global manufacturing facilities. Its strength as an export platform has contributed to incomes and employment in China. The state-owned sector still accounts for about 40% of GDP. In recent years, authorities have been giving greater attention to the management of state assets—both in the financial market as well as among state-owned enterprises—and progress has been noteworthy. uPVC (unplasticized polyvinyl chloride) is one of such building materials that has gained attention, as a replacement to other traditional materials, uPVC is low maintenance yet effective material in making windows and doors. In the last couple of years, the market has seen increasing demand for uPVC windows and doors due to the host of benefits uPVC offers. uPVC windows and doors provide efficient thermal insulation and help in energy conservation. Not only this, uPVC windows provide high sound insulation with properly fabricated windows and installations. Due to these benefits the growing industrial and construction segment in China propel the demand for market.

Competitive Landscape

The report covers major international players operating in China UPVC Doors and Windows Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on market

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 UPVC Doors
5.1.2 UPVC Windows
5.2 By End User
5.2.1 Residential
5.2.2 Commercial
5.2.3 Industrial & Construction
5.2.4 Others
5.3 By Distribution Channel
5.3.1 Offline Stores
5.3.2 Online Stores

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Fonirte
6.1.2 Lesso
6.1.3 Zhejiang Yuanwang Windows and Doors Co., Ltd.
6.1.4 Ropo
6.1.5 Reaching Build
6.1.6 VEKA Plastics (Shanghai) Co., Ltd.
6.1.7 Weifang Beidi Plastic Industry Co., Ltd.
6.1.8 Oridow
6.1.9 Yingde Conch Profiles Co., Ltd
6.1.10 Tianjin Jinpeng Group

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 DISCLAIMER

Report Title: China UPVC Doors and Windows Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)


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