Plastic Door Demand to Grow 6% Annually Through 2021
September 7, 2017 (Investorideas.com Newswire) Demand for plastic doors is forecast to increase 6.0% per year to $2.9 billion in 2021, remaining the smallest but fastest growing material segment. Home and business owners will increasingly specify fiberglass doors for their superior durability and aesthetics compared to steel and vinyl. Vinyl patio doors are expected to see growing use due to their low cost and good energy efficiency. Plastic door manufacturers will continue to improve the appearance and design options of their products to better compete with wood and metal. These and other trends are presented in Doors Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Demand for plastic doors is primarily driven by trends in the residential market, where fiberglass and vinyl see widespread use in entry and patio door applications. In 2016, the residential market accounted for 76% of plastic door sales ¬– a share that is expected to grow as new housing construction spending continues to expand at a robust pace, supporting above average increases in plastic door demand.
In the commercial market, on the other hand, metal remains more prevalent due to heightened concerns about strength and security. In nonresidential applications such as automatic and security doors, for example, metal remains the strongest and most cost efficient option.
Demand for all types of doors is forecast to increase 4.8% per year to $21.1 billion in 2021. Leading door manufacturers are launching new products to take advantage of growth opportunities driven by new design trends. The rising popularity of transitional indoor-outdoor living spaces and modern designs, for instance, has spurred suppliers to introduce multipanel patio doors that provide larger openings and improve access to natural light.
Doors Market in the US (published 08/2017, 244 pages) is available for $4900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email firstname.lastname@example.org.
Related studies include:
- #3530 Windows Market in the US (June 2017)
- #3489 Prefabricated Housing Market in the US, 14th Edition (January 2017)
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Machinery & Equipment studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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