GCC Fire Clay Market:
Growth Opportunities in the GCC Fire Clay Market look promising over the next six years. This is mainly due to the increasing construction projects in the Gulf economies, such as the United Arab Emirates and Saudi Arabia, and the growing number of power plants.
GCC Fire Clay Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The significant factors contributing to the growth of the GCC fire clay market include the increasing construction projects in the Gulf economies, such as the United Arab Emirates and Saudi Arabia. The coming mega construction projects like Qiddiya, an entertainment megaproject in Masdar City in UAE and Saudi Arabia are specifically using fire clay for offering fire protection, and the growing number of power plants which are rapidly utilizing fire clay for fire-protecting shields including boiler, chimney linings, pottery kilns-blast, and glass melting will surge the demand od the GCC fire clay market. On the other hand, the factor hindering the growth of the GCC fire clay market includes the high cost of production.
Product Segment Drivers
Based on Product, the GCC fire clay market is segmented into semi-flint, flint, semi-plastic fire, and plastic fire clay. The plastic fire clay is predicted to rise at a higher CAGR in the coming years due to the rising use in construction projects. The increased fusion point compared to other fire clay materials and highly utilized in the construction industry and metalworking sectors.
Application Segment Drivers
Based on application, the GCC fire clay market is segmented into commercial, residential, and industrial. The growing use of fire clay in construction projects and the increasing use of metalworking sectors like crucibles, retorts, glassware, saggars lining furnaces, pottery items, like sanitary ware and pipes, and fire bricks in the building raw materials will propel the growth of the market.
Regional Drivers
Based on the countries, the GCC fire clay market is segmented into Saudi Arabia, U.A.E., Kuwait, Oman, and the rest of GCC The United Arab Emirates is projected to rise at a faster CAGR in the coming years due to the growing number of construction projects. In addition to this, the major players are focusing on the wide investments in building smart cities for delivering safety, which will further boost the growth of the market in the coming years. For example, the government of Saudi Arabia announced to produce revenues from the non-oil sector, such as megaprojects, construction, transport, and mobility schemes including Riyadh Metro; social infrastructure developments like the Ministry of Housing’s Sakai program; and energy megaprojects including the state-owned Aramco’s Berri and Marjan oil fields.
GCC Fire Clay Market’s leading Manufacturers:
- Emirates Glass L.L.C.
- SCHOTT AG
- Gulf Glass Industries
- Burhani Glass Factory L.L.C.
- G.C. Inc.
- Xinyi Glass Holdings Limited
- Nippon Sheet Glass Co., Ltd
- Obeikan Glass Company
- Saint-Gobain S.A.
- Guardian Industries
GCC Fire Clay Market Segmentation:
Segmentation by Product:
- Flint
- Semi-Flint
- Semi-Plastic Fire
- Plastic Fire Clay
Segmentation by Application:
- Residential
- Commercial
- Industrial
Segmentation by Countries:
- UAE
- Saudi Arabia
- Oman
- Kuwait
- Rest of GCC
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