by Market Overview:
The aluminum window profile market manufactures extruded aluminum profiles that are used in windows and doors. Aluminum profiles offer benefits such as energy efficiency, corrosion resistance, lightweight, and durability. They are used in both residential and commercial construction for new buildings as well as renovation and remodeling activities. Major aluminum window profiles include open profiles, thermal break profiles, and rear ventilated profiles. Changing consumer preferences towards sustainable and energy-efficient solutions is driving the demand for aluminum window profiles.
Market Dynamics:
Growing construction activities across both developed and developing regions are a major factor driving the growth of the aluminum window profile market. According to the U.S. Census Bureau, the total construction spending in the U.S. was estimated at US$ 1,549 billion in 2023 and is expected to further increase over the forecast period. Additionally, increasing renovations and remodeling projects of old residential and commercial buildings with aluminum windows for better looks and energy conservation is also contributing to the market growth. Stringent government regulations regarding energy efficiency of buildings is another driver as it is compelling builders as well as homeowners to replace older windows and install energy star rated windows made from aluminum profiles to meet the required standards. Furthermore, aluminum allows for a variety of color and finish options and does not require repainting like other materials, which is increasing its preference over wood and vinyl.
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.
Segment Analysis
The global aluminum window profile market is dominated by the door profile segment. Aluminum profiles used for doors accounted for over 35% of the total market share in 2022. The popularity of aluminum door profiles can be attributed to their high corrosion resistance and durability compared to wood or PVC profiles. Aluminum profiles do not rust, warp, or crack easily which makes them a preferable choice for doors.
PEST Analysis
Political: The aluminum window profile market is favorably impacted by growing investments in infrastructure and construction activities globally. Various government initiatives to promote energy efficient buildings also boost the demand.
Economic: Emerging economies with rising disposable incomes are key to future growth. The recovery of construction sectors post-pandemic in major countries presents new opportunities.
Social: Increasing popularity of aluminum as an aesthetically appealing and sustainable material supports market expansion. Customers prefer aluminum profiles due to lower maintenance and longer product life.
Technological: Advancements in extrusion technology have enhanced designs and functionalities. The development of thermally broken profiles with improved insulation further stimulates the replacement market.
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 investments in infrastructure development and resurgence of the construction industry worldwide.
The Asia Pacific dominated the market with over 30% share in 2023, led by rapid urbanization and growth in the building & construction sector in China and India. Major infrastructure projects and initiatives to modernize homes drive regional growth.
Regional analysis 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. The rising prominence of thermally improved profiles and expansion in emerging countries through partnerships and acquisitions are the focus areas for key players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
