Strong Growth Forecast For Composite Doors And Windows

Amid the COVID-19 crisis, the global market for composite doors and windows estimated at US$1.1 billion in 2020, is projected to reach a revised size of $1.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 4.9 per cent over the analysis period. The fibre reinforced plastic segment is projected to record a 5.1 per cent CAGR and reach US$967.3 million by the end of the analysis period. Growth in the wood plastic composites segment is 4.6 per cent CAGR for the next seven-year period. Growth for the overall market in Canada is forecast at a CAGR of 3.8 per cent through 2026.