The GMI Research forecasts that the GCC flat glass market is witnessing an upsurge in demand during the forecast period. This is mainly due to the strong demand for the glasses in the construction and infrastructure development among the end-users and the growing penetration of flat glasses in different applications like buses, trains, and passenger cars in the GCC region.
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GCC Flat Glass Market’s leading Manufacturers:
- Huntsman International LLC
- Emirates Glass LLC
- Burhani Glass Factory L.L.C
- Corning Incorporated
- AGC Inc.
- SCHOTT AG
- Obeikan Glass Company
- Saint-Gobain S.A.
- Kingspan Group
- Guardian Industries
GCC Flat Glass Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The strong demand for the glasses in the construction and infrastructure development among the end-users and the growing penetration of flat glasses in different applications like buses, trains, and passenger cars across the GCC region are the prominent factors propelling the growth of the GCC flat glass market size. Additionally, the increasing technological advancements for creating new designs in architectural sciences, followed by the rising government initiatives towards sustainable and eco-friendly infrastructure in the Gulf countries, are some other driver surging the market growth.
Various governments of Gulf countries are planning to develop green buildings to maintain a balance of environmental sustainability and energy savings, which will further enhance the demand for the market. As per the GCC flat market report, the rising awareness associated with the energy-saving products to save electricity and decrease the cost of air-conditioning in the commercial and residential premises will contribute to the growth of the GCC flat glass market during the forecast period. Additionally, the growing disposable income integrates wide investments and continuous urbanization by the real estate manufacturers to meet the needs of the consumers are certain factors that are expected to drive the growth of the market. On the other hand, the factors hampering the growth of the GCC flat glass market share in terms of revenue include variations in prices of raw materials and inadequate logistics services.
Regional Drivers
Based on countries, the United Arab Emirates is anticipated to increase at a higher CAGR during the forecast period. This is attributed to the rising technological advancements in real estate to develop smart and green cities. In addition to this, increasing government proposals to decrease carbon footprint and greenhouse gas emission for environmental sustainability will accelerate the growth of the GCC flat glass market.
GCC Flat Glass Market Segmentation:
Segmentation by Product Type:
- Basic
- Tempered
- Laminated
- Insulated
- Others
Segmentation by Technology:
- Float
- Rolled
- Sheet
Segmentation by Application:
- Architectural
- Automotive & Transportation
- Others
Segmentation by Countries:
- UAE
- Saudi Arabia
- Oman
- Kuwait
- Rest of GCC
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