Saudi
Arabia Clear Glass Market is set to experience substantial growth during the
forecast period. The increasing use of clear glass in various end-use
industries such as automotive and construction is positively impacting its
overall sales. In addition, leading manufacturers are investing in R&D to
develop and introduce superior quality clear glass. Rising infrastructure
activities and increased demand from the commercial sector are propelling the
country's market forward. Moreover, the growing government support for the
construction of green buildings benefits the clear glass market.
Clear Glass is a glass manufactured in the
float line without any tint, allowing it to be transparent in nature. This
transparent and clear finish ensures clarity of vision with true colours of the
objects.
Rising Commercial & Residential
Buildings are driving the market of the clear glass in Saudi Arabia
Saudi Arabia has made significant
investments in commercial and residential construction, including smart cities.
The growing population is leading to a rise in demand for residential and
commercial buildings, which is augmenting demand for clear glasses across Saudi
Arabia. Additionally, the short-term expansion of Saudi Arabia’s construction
activities will be driven by a mixture of fiscal support and government
policies supporting the housing industry in the country. Long-term growth would
be primarily driven by the country's massive population, which necessitates
continued investments in the residential building construction sector, creating
a market opportunity for Saudi Arabia Clear Glass Manufacturers.
Increase in the Infrastructural
Development and Urbanization
The overall infrastructural development
and urbanization are expected to drive the growth of the Saudi Arabia Clear
Glass Market. The vast array of infrastructure projects across the hospitality,
education, and healthcare segments, as well as affordable mass housing, will
ensure the growth of the clear glass market across the country. Some of the
recent government initiatives, such as Smart Cities Mission, are expected to
provide a major boost to the Saudi Arabia Clear Glass Market in the upcoming
years. In addition to this, growing urbanization in Saudi Arabia will boost
demand for clear glass across the country.
Rise in demand For renovation in
residential and commercial sectors
The Saudi Arabia Clear Glass Market is
very dynamic, as it is widely used in different applications such as doors,
windows, glass partitions, wall cladding, handrails, balustrades, stairs, etc.,
where clear and transparent vision of the other side is required. Investors often
prefer reinventing existing spaces rather than building new ones. Furthermore, residential,
and commercial owners renovate their interior fitouts to keep them up to date
with latest designs and trends. Such demand for space renovation is likely to
drive the Saudi Arabia Clear Glass Market.
Rising Government Incentive is Stimulating
the Green Building Projects
Constructors are using clear glasses as a
major component in the construction of green buildings, as clean glass is known
to be an excellent green material. Clear windows reflect heat or UV rays to
maintain an optimal temperature inside the building. Clear glass in buildings
substantially reduce the need for artificial lighting and allows daylight to
make the interiors airy and more open. Moreover, there is an upsurge in green
building projects' investment. For instance, the Kingdom has rolled out over
300 green building projects. These makeup around 15% of all green building
projects in the Middle East. As a result, government incentives are boosting
green building projects across the country. However, the construction of
energy-efficient green buildings will increase in the coming years, driving the
clear glass market.
Superior Aesthetics and High Demand for
Safety Widen the Scope of Clear Glass
One of the driving factors of the Saudi
Arabia Clear Glass Market is, customers are more likely to spend it on premium
products, such as the use of clear glass in architecture and interior
decoration. Constant technological progress is paving the way for the
replacement of the traditional sheet and plate facilities due to the
availability of enhanced safety elements, such as the incorporation of
interlayer foil between sheets, which can hold it in place even during a
breakage. Such properties are expected to bolster the growth of the Saudi
Arabia Clear Glass Market in coming years. Furthermore, an increase in the use
of glass assists in the higher transmission of light, reducing the heat gain
for all architectural applications. This factor is anticipated to increase the use
of clear glass in the architectural industry. Furthermore, there is a growing
concern about the environment and global warming, which has facilitated the use
of clear glass because it helps in achieving a Leadership in Energy and
Environmental Design (LEED) certification for commercial and residential
construction.
Increasing Production of Solar Panels
The clear glass market is anticipated to
grow over the next several years because of favourable government laws and the
increasing penetration of solar panel installations. In Saudi Arabia, solar
energy is the renewable energy source that is expanding the quickest. The
rising demand for power and the falling cost of solar installations are the
main factors behind solar energy's explosive rise. As a result, in the next
years, the market for clear glass is anticipated to grow due to the increased
need for solar energy. A significant contributing cause to the clear glass
market's expansion throughout the years, in addition to the sharp rise in solar
energy installations, is the growing use of glass architecture in both
residential and non-residential applications.
Growing Real Estate Sector
In Saudi Arabia, the growing real estate
sector is strengthening the demand for clear glasses. The expansion of real
estate sector is well supported by the expanding demand for office space,
corporate environment, as well as urban and semi-urban accommodations. The
sector has witnessed rapid growth in recent years with the increased demand for
offices as well as residential spaces. Sectors such as IT, retail, consulting,
and e-commerce has been in high demand for office space in recent years. As a
result, R&D departments are constantly optimizing manufacturing
efficiencies, improving existing product performance, and developing the next
generation of clear glasses for new applications.
Bolstering Automotive Industry
Automobiles use processed clear glass that
has been heated and chemically treated (i.e., toughened glass). This toughening
process makes the glass tougher and stronger, allowing it to withstand external
stress. Clear glass offers beneficial properties such as protecting against
harmful infrared rays, preventing excessive heating in the car, and reduction
of noise. All these properties can be inculcated into the glass for maximum
comfort while driving the vehicle. In the automotive industry, it is used for
installations on the roof, side, window panels, and more. This factor will
significantly increase the overall demand for automotive glass and propel the
growth of the clear glass market across the country.
Volatile Raw Material Prices is a Significant
Challenge
In recent years, there has been an
increase in the prices of raw materials that are used for clear glass
manufacturing, such as iron oxide, soda ash, limestone, feldspar, and more,
owing to which there is an increase in the price of clear glass as well. The
naturally occurring soda ash is extracted from an ore known as trona. The
excessive use of trona is hampering the production opportunities of soda ash.
As trona ore is continuously getting depleted, which affects the manufacturing
process of soda ash and thus causes a rise in price of the manufacturing
process, and consequently the price of soda ash is increased. Thus, the cost of
raw materials is constantly rising or fluctuating due to factors such as
transportation and logistics, depletion of natural resources, and others, which
is affecting the price of clear glass as well. As a result, the volatility and
increase in prices of clear glass raw materials are expected to be a
significant challenge for the clear glass manufacturers, which will hinder the
market's growth.
Cutting and Scheduling Problem
The elimination of wasted glass in clean
glass manufacturing is a complex optimization problem that necessitates
simultaneous consideration of cutting and sequencing. Therefore, due to the
limitations of the glass-making process and the equipment involved, there are
several operational constraints, which are acting as restraints for the Saudi
Arabia Clear Glass Market.
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Market Segments
Saudi Arabia Clear Glass Market is segmented into technology,
application, raw material, and region. Based on technology, the market is
segmented into flat, rolled, and 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.
Market Players
Saudi Arabia Clear Glass
Market players include 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.
Attribute
|
Details
|
Base Year
|
2022
|
Historic Data
|
2018
– 2022
|
Estimated Year
|
2023
|
Forecast Period
|
2024
– 2028
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
Segments covered
|
Technology
Application
Raw Material
Region
|
Regional Scope
|
Northern
Central
Eastern
Western
Southern
|
Key companies profiled
|
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
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country, regional
& segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research needs.
Explore purchase options
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
|
Report Scope:
In this
report, Saudi Arabia Clear Glass Market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
·
Saudi Arabia Clear Glass Market, By Technology:
o Flat
o Rolled
o Sheet
·
Saudi Arabia Clear Glass Market, By Application:
o Residential
o Non-Residential
·
Saudi Arabia Clear Glass Market, By Raw Material:
o Sand
o Soda
Ash
o Recycled
Glass
o Dolomite
o Limestone
o Others
·
Saudi Arabia Clear Glass Market, By Region:
o Central
o Western
o Eastern
o Southern
o Northern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia Clear Glass Market.
Available Customizations:
Saudi Arabia Clear Glass Market with the
given market data, Tech Sci Research offers customizations according to a company’s
specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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of this report or want to confirm the date of release, please contact us at [email protected]