Market Trends of ASEAN UPVC Doors and Windows Industry
This section covers the major market trends shaping the ASEAN UPVC Doors & Windows Market according to our research experts:
Vietnam in the ASEAN Region is Growing at a High Rate
Vietnam ranks as the fastest growing market with a significant growth rate over the forecast period, led by rapid urbanization and rapid industrialization. Despite the COVID-19 pandemic and worldwide lockdown, the Vietnamese economy is successful in growing in a positive number. Increasing awareness about the benefits of UPVC and elements, such as rapid urbanization, regulatory framework, and rising concerns for energy saving, is expected to positively influence the use of this material in doors and windows in the region. The Asia-Pacific region is leading the industry owing to rapid industrialization, an increasing number of automotive industries, and developments in electric and electronic industries. Advancements in technology, coupled with an increase in the number of product innovations, are among the key factors supporting the demand for UPVC doors and windows in this region.
Rapid Growth in the Industrial and Construction Segment is Witnessing a Surge in the Market Share
The industrial and construction sector is rapidly growing in this region due to developed and developing economies, increasing population, and urbanization. UPVC doors and windows are a very useful and fitting solution for the industrial and construction sector. They have many properties and benefits which are aptly suitable for both segments. UPVC doors and windows are long-lasting, fire, wind, and moisture resistant, and thermally and acoustically insulated. UPVC cannot change shape under normal weather conditions, but at high temperatures, it can be easily reshaped. Windows made of this material grade of PVC are more energy-efficient than those with wooden or metal frames. This material grade exhibits incredible resistance to chemical erosion and has smoother inner walls that help to facilitate the water flow. It operates well in a wide range of temperatures and operating pressure. These pipes are incredibly reliable, stiff, and cost-effective and often have application in exterior drainage pipes and sewage lines. It also offers better chemical resistance as compared to flexible PVC. It is used as good electrical insulation as well as it provides better vapor barrier properties.
