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Southeast Asia UPVC Windows and Doors Market Research Report: Forecast (2023-2028)

By Product Type (UPVC Windows, (Casement Window, Sliding Window, Bay Window, Others (Fixed, Tilt and Turn, etc.)), UPVC Door, (Slide & Floor Door, Casement Door, Lift & Sliding Door, Others (French, S Read more

  • Buildings, Construction, Metals & Mining
  • Sep 2023
  • 155
  • BM22110

Market Definition

UPVC (Unplasticized Polyvinyl Chloride) windows and doors are a type of building fixture used for both residential and commercial construction. They are made from a rigid form of PVC, where no plasticizers or additives are used, making them more durable, strong, and resistant to environmental factors. They become increasingly popular in the construction industry due to their energy efficiency to prevent heat transfer and maintaining a comfortable indoor temperature.

Market Insights & Analysis Southeast Asia UPVC Windows and Doors Market (2023-28)

The Southeast Asia UPVC Windows and Doors Market is estimated to grow at a CAGR of around 5.65% during the forecast period, i.e., 2023-28. Southeast Asia has experienced significant economic growth in recent years, leading to a boom in the construction industry including residential and commercial buildings. The expansion of the sector is propelled by rapid urbanization, heightened investments from both public and private sources, and the surging adoption of sustainable and eco-friendly construction practices across the region.

In addition, the growing demand for reducing noise in homes and workplaces has led to the development of soundproof chambers by companies in the Southeast Asia region. As a result, the demand for UPVC windows and doors has grown significantly in countries like Vietnam, Malaysia, and Singapore etc. Moreover, the utility of UPVC windows and doors, offering thermal insulation, and low maintenance, made it practical and cost-effective for residents and businesses across the region is further anticipated to escalate the market size during 2023-2028.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.65%
Country Covered Indonesia, Vietnam, Malaysia, Singapore, Thailand, The Philippines, Rest of Southeast Asia
Key Companies Profiled

VEKA Group, Aluplast, Kinbon (Uber & Konstrukt), Fascina Pte Ltd., Perfect Window Systems Pte Ltd, Sapphire Windows Pte Ltd, Europvc, Vignet uPVC windows and Doors, DeKu German Window (Thailand), Fenestram Corporation and Others.

Unit Denominations USD Million/Billion

 

According to the world bank, in 2021, around 47% of Southeast Asia's population live in urban areas and the massive rural population of the region has been constantly migrating to urban areas. This phenomenon has earmarked a constant need for investment in the residential & other real estate sectors. As urban areas expand and new residential complexes emerge, the importance of modern building materials such as UPVC doors and windows becomes more prominent across the region. Along with this, rising government & private spending for infrastructural development and changing lifestyles of the consumers, is expected to fuel the demand for UPVC windows and doors in the coming years.

Furthermore, in recent years, food processing facilities are expanding their production capacities as there is a rise in the demand for ready-to-eat food across the region. Additionally, processed food demand is increasing due Covid-19 and their easy-to-consume applications during traveling and work breaks led to enhance the development of food processing industries across the region. For instance,

  • In 2018, the UK Department of International Trade, market demand for food and non-alcoholic beverages in Vietnam was forecasted to grow 11.6 percent between 2018-2022 and be worth around USD40 billion by 2021. Thus, countries such as Vietnam, and Indonesia investing since 2020 in their food & beverage industry.

The initiation of production plants for the food & beverage industry requires the construction of various buildings such as food processing units, storage facilities, and distribution centers. These buildings often require different construction materials including UPVC windows and doors in the forthcoming years.

Southeast Asia UPVC Windows and Doors Market Driver

Increasing Investment in Tourism & Hospitality Sector to Escalate Market Growth: Southeast Asia region’s economy majorly depends upon agriculture, trade, and tourism industry for revenue generation. According to the Organisation for Economic Co-operation and Development (OECD), travel and tourism industry contributed nearly 11.7% of GDP to the Southeast Asian economy and provided about 13.2% of total employment. Over the years, the region’s tourism industry emerged due to its landscapes, and affordable tourism options. In addition, countries such as, Thailand, Indonesia, Vietnam, etc., in this region majorly depend on tourism for revenue generation as their other sectors are not much developed. Consequently, the governments of these countries are actively working to expand their tourism sectors, aiming to amplify the sector's contribution to their respective GDPs. For instance,

  • In 2022, the sectors contribution to regional GDP was reported around 10% in Vietnam, Singapore, and Malaysia and 20-25% in Thailand, Cambodia, and the Philippines as per the Asian Development Bank.

Thus, growth of the tourism sector resulted in the increasing construction of hotels, resorts, restaurants, and other commercial facilities in the region since the historical years. With the increase in commercial construction due to the soaring tourism industry, the region has been witnessing a higher demand for UPVC windows and doors too, as they offer durability, low maintenance requirements, and provide good thermal insulation properties, unlike traditional materials.

Southeast Asia UPVC Windows and Doors Market Challenge

Preference to Carved Wooden Doors & Windows Limiting the Market Growth: In Southeast Asia, wooden windows and doors are not only culturally significant, with their natural and timeless appeal valued by many consumers, but they also have a traditional and aesthetically pleasing appearance that extends their popularity across various sectors, including hospitality and commercial industries. It has a longer lifespan compared to UPVC, which could be prone to brittleness and degradation over time. Also, wood is often perceived as a more sustainable and eco-friendly choice compared to certain plastics like UPVC.

Therefore, consumers who prioritize environmental considerations might lean towards wood for its biodegradable and renewable qualities. Also in commercial buildings and residential projects, wooden windows and doors is preferred due to its modern appearance, as well as its ability to avail to large openings and expansive glass surface. Hence wood availability in the market of South East Asia affects the demand for UPVC windows and doors in the market across the region.

Southeast Asia UPVC Windows and Doors Market Trends

Surging Government Investments in Zero Carbon Buildings Propel the Construction Industry towards Carbon Neutrality by 2050: The net zero-carbon building concept includes the goal of reducing carbon emissions associated with the building's construction, operation, and overall lifecycle as well as optimizing the usage of resources. The region focused on reducing their greenhouse gas emission to achieve their targets of reducing carbon emissions by 2050. One of the sectors which are responsible for carbon emissions is the construction sector. For instance,

  • In 2021 International Energy Agency (IEA) stated that the construction sector accounts for around 40% of global carbon dioxide emissions and nearly 36% of worldwide energy consumption.

Various countries such as Malaysia and Singapore investing in their construction industry for the development and retrofitting of existing buildings to construct zero-carbon buildings. These construction of buildings needed to be equipped with the UPVC windows and doors. As, it is used as a substitute for wood or fiberglass windows due to its energy efficient properties. Hence, in the upcoming years, these building could be equipped with UPVC window and doors which further increase the market growth.

Southeast Asia UPVC Windows and Doors Market (2023-28): Segmentation Analysis

Southeast Asia UPVC Windows and Doors Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment. It includes predictions for the period 2023–2028 at the regional level. Based on the analysis, the market has been further classified as:

Based on Demand Type:

  • New Installation
  • Repair and Replacement

In recent years, many buildings in Southeast Asia are undergoing renovation and retrofitting to improve energy efficiency and modernize their appearance. UPVC windows and doors are preferred choices for replacement due to their durability, low maintenance, and improved thermal insulation capabilities. Thus, they are widely used in the renovation and replacement purposes in both residential and commercial properties across the region.

In addition, the region is prone to natural disasters, such as typhoons and floods, which can damage buildings and their windows and doors. For instance, in 2020, Vietnam faced the impact of Typhoon Molave, which caused widespread destruction, including damage to both public and private buildings. The typhoon's strong winds and heavy rainfall led to flooding and landslides, destroyed several buildings. Such damaged buildings need repair & replacement which pushes demand of UPVC products due to their resilience and weather-resistant properties. Resulting in a notable increase in the market demand from repair and replacement segment.

Based on End User:

  • Residential
  • Commercial
  • Industrial

Based on End User, Commercial segment witnessed considerable share in the Southeast Asia UPVC Windows and Doors Market during 2018-2022. The market growth for the commercial segment majorly attributed to the rapid economic growth of the region in recent years. This is because the region is attracting a substantial amount of Foreign Direct Investment (FDI). For instance,

  • As per United Nations Conference on Trade and Development The net FDI for the region in 2021 amounted to approximately USD175 billion as compared to approximately USD122 billion in 2020.

The increased flow of FDI is being utilized in the overall infrastructure development of the region which has resulted in the construction of new commercial spaces like shopping complexes, spas, hotels, and educational institutions among others. Thus, the increasing construction of commercial infrastructure creating new revenue opportunities for the UPVC Windows and Doors market across the region during 2023-2028.

Southeast Asia UPVC Windows and Doors Market (2023-28): Regional Analysis

Geographically, the Southeast Asia UPVC Windows and Doors Market expands across:

  • Indonesia
  • Vietnam
  • Malaysia
  • Singapore
  • Thailand
  • The Philippines
  • Rest of Southeast Asia

Among them, Indonesia is expected to experience significant growth in the Southeast Asia UPVC Windows & Doors Market in the upcoming years. The market growth is attributed to the rapid urbanization, booming construction industry, and growing emphasis on energy efficiency and sustainability in the country. In addition, increasing government support towards the development of green building have incentivized the use of UPVC products. These initiatives include tax incentives and regulations promoting sustainable construction across the country which further increased the market size during the historical period. For instance,

  • In 2021, Global Buildings Performance Network (GBPN) and Green Building Council Indonesia (GBC Indonesia) have signed a memorandum of understanding to work together to support the decarbonization and contribution to sustainable development goals for the Buildings Sector in Indonesia.

Also, the Indonesian government aims to become one of the world's top ten economies by 2025 through its Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI). This program majorly focused on the construction of commercial & industrial development and focus on sustainability driven by the MP3EI are expected to create a favourable market environment for UPVC windows and doors market in Indonesia in upcoming years.

Gain a Competitive Edge with Our Southeast Asia UPVC Windows and Doors Market Report

  • Southeast Asia UPVC Windows and Doors Market report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of the market dynamics & to make judicious decisions.
  • This report also highlights current market trends & future projections, allowing businesses organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Southeast Asia UPVC Windows and Doors Market report aids in assessing & mitigating risks associated with entry level or operation level in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

A. The Southeast Asia UPVC Windows and Doors Market is expected to showcase a CAGR of 5.65% during 2023-28.

A. Increasing investment in tourism & hospitality sector is the prime factor expected to drive the Southeast Asia UPVC Windows and Doors Market during 2023-28.

A. The Southeast Asia UPVC Windows and Doors Market share is held majorly by VEKA Group, Aluplast, Kinbon (Uber & Konstrukt), Fascina Pte Ltd., Perfect Window Systems Pte Ltd, Sapphire Windows Pte Ltd, Europvc, Vignet uPVC windows and Doors, DeKu German Window (Thailand), Fenestram Corporation and others.

A. Indonesia would present growth prospects in the Southeast Asia UPVC Windows and Doors Market during 2023-28.

A. Surging investment in zero carbon buildings in construction industry is a prominent trend shaping the growth of Southeast Asia UPVC Windows and Doors Market.

A. Availability of substitutes such as aluminium windows & Doors are the possible restraints that might affect the growth of Southeast Asia UPVC Windows and Doors Market through 2028.

Southeast Asia UPVC Windows and Doors Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Southeast Asia UPVC Windows and Door Market Supply Chain Analysis
  5. Southeast Asia UPVC Windows and Door Market Trends & Developments
  6. Southeast Asia UPVC Windows and Door Market Dynamics
    1. Drivers
    2. Challenges
  7. Southeast Asia UPVC Windows and Door Market Regulations and Policy
  8. Southeast Asia UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. UPVC Windows- Market Size & Forecast 2018-2028, (USD Million)
          1. Casement Window
          2. Sliding Window
          3. Bay Window
          4. Others (Fixed, Tilt and Turn, etc.)
        2. UPVC Door- Market Size & Forecast 2018-2028, (USD Million)
          1. Slide & Floor Door
          2. Casement Door
          3. Lift & Sliding Door
          4. Others (French, Sliding, etc.)
      2. By End User
        1. Residential- Market Size & Forecast 2018-2028, (USD Million)
        2. Commercial- Market Size & Forecast 2018-2028, (USD Million)
        3. Industrial- Market Size & Forecast 2018-2028, (USD Million)
      3. By Demand Type
        1. New Installation- Market Size & Forecast 2018-2028, (USD Million)
        2. Repair & Replacement- Market Size & Forecast 2018-2028, (USD Million)
      4. By Country
        1. Indonesia
        2. Vietnam
        3. Malaysia
        4. Singapore
        5. Thailand
        6. The Philippines
        7. Rest of Southeast Asia
      5. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
  9. Indonesia UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type - Market Size & Forecast 2018-2028, (USD Million)
      2. By End User - Market Size & Forecast 2018-2028, (USD Million)
  10. Vietnam UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type - Market Size & Forecast 2018-2028, (USD Million)
      2. By End User - Market Size & Forecast 2018-2028, (USD Million)
  11. Malaysia UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type - Market Size & Forecast 2018-2028, (USD Million)
      2. By End User - Market Size & Forecast 2018-2028, (USD Million)
  12. Singapore UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type - Market Size & Forecast 2018-2028, (USD Million)
      2. By End User - Market Size & Forecast 2018-2028, (USD Million)
  13. Thailand UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type - Market Size & Forecast 2018-2028, (USD Million)
      2. By End User - Market Size & Forecast 2018-2028, (USD Million)
  14. The Philippines UPVC Windows and Door Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type - Market Size & Forecast 2018-2028, (USD Million)
      2. By End User - Market Size & Forecast 2018-2028, (USD Million)
  15. Competitive Outlook
    1. Company Profiles 
      1. VEKA Group
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Aluplast
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Kinbon (Uber & Konstrukt)
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Fascina Pte Ltd.
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Perfect Window Systems Pte Ltd
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Sapphire Windows Pte Ltd
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Europvc
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Vignet uPVC windows and doors
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. DeKu German Window (Thailand)
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Fenestram Corporation
        1. Business Description
        2. Facility Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  16. Disclaimer
Southeast Asia UPVC Windows and Doors Market Segmentation Slide