Saudi Arabia Clear Glass Market is to be Dominated by Non-Residential Segment Until 2028
Saudi Arabia Clear Glass Market is expected to increase as
there is rise in residential and commercial projects under smart city mission during
the forecast period of 2024-2028.
According to TechSci Research report, “Saudi Arabia Clear Glass Market – By Region, Competition
Forecast & Opportunities, 2018–2028”, Saudi Arabia Clear Glass
Market is anticipated to register a robust growth during the forecast period,
2024-2028. The thriving construction industry is the key factor driving
the growth of the market. Furthermore, the increasing infrastructural
expenditure on the construction of eco-friendly green buildings, which aid in
minimizing carbon emissions into the environment, is driving the clear glass
market growth.
Clear glass is widely
used in photovoltaic modules, e-glass structures, and solar panels due to the
rising need for clean energy across the country. It is gradually replacing the traditional
materials like bricks, stone, and wood. Insulated clear glass is transparent
and recyclable, which reduces pollution and enhances the comfort for the
inhabitants of the building. The flourishing automotive industry is another
factor contributing to the market growth. The automobile manufacturers are
increasingly employing tempered glass due to its shatterproof properties that
can prevent severe injuries and possible life threats in case of accidents.
Other factors such as the implementation of nanotechnology to produce
lightweight glazing glass and solar control panels coupled with the increasing
urbanization are further creating a positive outlook for the market.
Apart from this, the prices of sand,
soda ash, and limestone, which are the main raw materials used in the
production of glass, have been rising in recent years. This has put pressure on
clear glass manufacturers to increase their prices which in turn affects the
end-user industries. However, increasing demand for electronic displays, home appliances
such as TVs, smartphones, tablets, laptops, wearables, and other devices
boosted the growth of the clear glass market.
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Saudi Arabia Clear Glass
Market is segmented based on technology, application, raw material, and region.
Based on technology, the market is segmented into flat, rolled, sheet. Based on
applications, the market is segmented into residential and non-residential.
Based on raw material, the market is segmented into sand, soda ash, recycled
glass, dolomite, limestone, and others. Based on region, the market is
segmented into northern, central, eastern, western, and southern.
Based on technology,
flat glass is dominating in the Saudi Arabia Clear Glass Market in 2022 due to
the rising number of solar energy installations with the increasing use of flat
glass architecture in both residential and non-residential buildings. The
segment growth is aided by factors including the depletion of renewable
resources, government laws, growing environmental concerns, cost-saving solar
installation strategies, technological advancements, and rising energy
consumption.
Based on application,
non-residential is dominating in the Saudi Arabia Clear Glass Market in 2022 due
to the government's introduction of international tourist e-visas in Saudi
Arabia as part of Vision 2030, which is expected to have a favorable influence
on the Kingdom's non-residential applications and improve tourism there and
globally. However, given the country's improving economic situation and new
initiatives like the King Salman Energy Park in Dammam and Riyadh's 176.7 km
metro line, it is anticipated that corporate demand would increase over the
medium to long term as business circumstances improve (SPARK). Additionally,
the expansion of commercial real estate is anticipated to benefit from
increased investment opportunities and improved travel convenience brought on
by the new King Abdulaziz International Airport (KAIA), particularly in Riyadh,
which continues to be the main business hub of the western region.
Major market players
operating in the Saudi Arabia clear glass market are:
- Saint-Gobain S.A.
- Sisecam Group
- Al Obeikan Glass Company
- Saudi American Glass
Company Limited
- Glaston Corporation
- Emirates Glass LLC
- Corning Incorporated
- Schott AG
- Kingspan Group
- Guardian Industries
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“The market for clear glass in Saudi
Arabia is anticipated to expand due to the increased number of solar panels
being installed throughout the Kingdom. It is anticipated that rising spending
on the building sector will further speed up market expansion. Demand for clear
glass, which frequently drives market expansion, is strongly tied to growth in
construction and infrastructure development. Current developments, such as the
use of clear glass in facades and roofs to maximize natural light, demonstrate
how quickly building construction is evolving. The expansion of the Saudi
Arabia Clear Glass Market is being fueled by the construction of environment
friendly green buildings that reduce carbon emissions into the atmosphere.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi Arabia Clear Glass
Market Segmented By Technology (Flat, Rolled, Sheet), By Application
(Residential and Non-Residential), By Raw Material (Sand, Soda Ash, Recycled Glass,
Dolomite, Limestone and Others (Feldspar, Iron Oxide etc.)), By Region,
Competition Forecast & Opportunities, 2018-2028”, has evaluated the future
growth potential of Saudi Arabia Clear Glass Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Saudi Arabia Clear Glass Market.
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