The ASEAN UPVC window and door market is growing at a faster pace with substantial growth rates over the last few years, and it is estimated that the market may grow significantly at a CAGR of more than 6% during the forecast period.
The COVID-19 pandemic and lockdown acted as a massive restraint on the ASEAN UPVC doors and windows market in 2020, as supply chains were disrupted due to trade restrictions. The purchase of these products was declined due to lockdowns imposed by governments in the ASEAN region. Due to the COVID-19 pandemic, the market was under pressure in 2020, which restricted the construction of housing and building projects. The lockdown restrictions forced to stop the manufacturing of UPVC products and reduced the purchasing of UPVC products, which resulted in a decline in the overall ASEAN market.
UPVC is called rigid PVC owing to its hard and inflexible characteristics. The high preference for this material can be attributed to its high resistance to chemicals, water, corrosive environments, and weather. UPVC provides unparalleled quality as framing material, has low maintenance, and can be opted in various colors. Apart from being low maintenance and highly resistant to the surrounding environment, UPVC offers a plethora of benefits. The UPVC material offers insulation against rain, is recyclable, offers UV protection, sound insulation, resistant to saltwater, and 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, it requires less energy input during production. The development and upgradation of this material expanded its use in windows, building material, doors, shutters, and automobile body parts. UPVC products are recyclable and environmentally friendly, making them more suitable for the construction industry. UPVC has low cost, and it exhibits properties such as high stiffness, aesthetic in nature, and flame retardant. UPVC is FDA compliant, as the residue of vinyl chloride gets restricted and suitable for transparent applications. It also offers better chemical resistance as compared to flexible PVC. It is used as good electrical insulation and provides better vapor barrier properties. Wood in construction can be replaced by this material grade. This material is versatile that can be manufactured in different colors, or it can be made to look like other materials. The rapid urbanization and growing industrial and construction sector, along with awareness about the benefits of UPVC doors and windows, are the major factors driving this market in the ASEAN region.
Key Market Trends
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.
The report covers major international players operating in the ASEAN UPVC doors and windows market. In terms of market share, a 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.
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Table of Contents
1.2 Scope of the Study
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porter's Five Forces 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 the Market
5.1.1 UPVC Doors
5.1.2 UPVC Windows
5.2 End User Type
5.2.3 Industrial and Construction
5.2.4 Other End User Types
5.3 Distribution Channel
5.3.1 Offline Stores
5.3.2 Online Stores
5.4.7 Other Countries
6.1.2 INTI PERKASA INDONESIA
6.1.3 LG Hausys
6.1.5 ARC Component Manufacturing Rayong Co. Ltd
6.1.6 SOLID - UPVC Doors & Windows System
6.1.8 Fenestram Corp.
A selection of companies mentioned in this report includes:
- INTI PERKASA INDONESIA
- LG Hausys
- ARC Component Manufacturing Rayong Co. Ltd
- SOLID | UPVC Doors & Windows System
- Fenestram Corp.