World vinyl windows market to reach 180.5 mln units by 2010 – report shows
According to a recently released research report published by Global Industry Analysts Inc, the world vinyl windows market is expected to reach 180.5 million units by the year 2010.
Vinyl doors and windows market is witnessing healthy growth worldwide, driven largely by the unique, and highly functional properties of vinyl as a raw material. Growth in the world market will be governed by key economic variables such as, GDP growth, increase in personal income, and level of industrialization, among others. Asia Pacific, Latin America, and Middle East are regions predicted to offer the highest growth potential. China, within Asia, will emerge as the key potential driver for the vinyl doors market, given the fact that the country houses the world's most lucrative construction Industry. Given the fact that the country houses the world's most lucrative construction Industry. “In the United States, vinyl doors and windows is projected to present a market opportunity of $14.6 billion by the year 2010,” according to research published by Global Industry Analysts, Inc.
In the United Kingdom, the largest regional market in Europe, vinyl windows alone is projected to rise by over $950.9 million between the period 2007 to 2010. The growing popularity of vinyl over traditional material types such as, wood, aluminum, steel, is evidenced by the changing end-user preferences the world over. In Europe, PVC (vinyl) as the preferred material for window frames rakes in a market share of approximately 40%. In Germany, France and Austria close to 51% of windows are manufactured from PVC, while in UK the percentage figure is the highest at 80%. In Scandinavia, and countries in Southern Europe, PVC penetration is the lowest with just 22% of windows being made from vinyl. While vinyl represents more than 50% of the total residential window demand in the US, Japan is overwhelmingly dominated by aluminum frames, which account for over 90% share while vinyl accounts for 6-8% share. (prweb.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.