Page 44 - CV Aug-Sep 2023 Issue

The key factors that are fueling this building programs, such as the uPVC, moving away from traditional
growth in the market are – Energy Conservation Building materials like wood.
 Steady increase in residential Code for non-residential uPVC windows and doors have quickly
and non-residential building buildings. become the preferred choice among
construction. homeowners, builders and architects for
 Rapid urbanization and a More specifically, the Indian market for a wide range of residential and
continued growth in household uPVC doors and windows is estimated to commercial applications, thanks to their
income levels. experience significant growth at a CAGR strength, durability, and value.
 Efforts by the government to of more than 7% during the period of
make affordable housing more 2021-2026, according to this report. They are also easy to install, and low on
accessible. This impressive growth is going to be maintenance. Among a host of other
 FDI in Indian companies, which fueled by increased spending on benefits, they also offer superior
has given a boost to new construction and renovation of residential insulation against rain, excellent UV
building technologies and and commercial buildings, and a growing protection, insulation against sound, and
materials. demand for impact-resistant and energy- are also resistant to salt water, termites,
 The implementation of green efficient housing, which lead the industry fire, and strong winds.
towards new-age product materials like

CONSTRUCTION VISION 42 AUGUST - SEPTEMBER 2023