Market Overview:
Aluminum window profiles are made from aluminum extrusion material and are light in weight and durable. They offer advantages such as corrosion resistance and require low maintenance. Aluminum window profiles are ideal for use in residential and commercial construction. They provide insulation against heat, cold, dust, noise and also improve energy efficiency of buildings. Increasing construction of residential, commercial and infrastructure projects globally is fueling the demand for aluminum window profiles.
Market key trends:
One of the key trends in the aluminum window profile market is growing inclination towards energy efficient and eco-friendly buildings. Stringent government regulations regarding energy efficiency in commercial and residential buildings are prompting builders to use materials that provide better insulation. Aluminum window profiles contribute to higher energy efficiency of buildings owing to their properties such as corrosion resistance and thermal insulation. This is expected to drive increasing adoption of aluminum window profiles in the construction industry over the forecast period.
The global Aluminum Window Profile Market Share is estimated to be valued at US$ 827.03 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: New entrants will face high initial costs in setup, production and marketing to compete with established players in this market.
Bargaining power of buyers: Buyers have moderate to high bargaining power due to availability of substitute products.
Bargaining power of suppliers: Established aluminum producers have moderate bargaining power due to their size and expertise.
Threat of new substitutes: Bio-based composites pose a potential threat due to increased environmental concerns.
Competitive rivalry: Intense competition exists among leading players to gain market share through product innovation.
Key Takeaways
The global aluminum window profile market is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing infrastructure investment and rapid urbanization.
Regional analysis
Asia Pacific dominates the global market led by China due to large population base and infrastructure development. Government initiatives to improve energy efficiency of buildings also support market growth in the region.
Key players operating in the aluminum window profile market are Apogee Enterprises Inc., Fletcher Building, Ply Gem Holdings Inc., YKK AP Inc., LIXIL Group Corporation, Xingfa Aluminium, Sapa Group, PGT Inc., Wacang, and Fenan Group.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
