Saudi Arabia self
cleaning glass market is anticipated
to grow at a steady pace during the forecast period,
2024-2028. The developing construction sector, which
increases the demand for value-added glass items, as well as the growing
requirement for self-cleaning glass in solar panels, which has low maintenance
costs and time, are driving the Saudi Arabia self cleaning glass market. Additionally,
in December 2022, investments in Giga projects that were launched as part of
the Kingdom’s Vision 2030 economic diversification plan will help Saudi Arabia’s
construction industry grow by 4.5% in real terms this year. Budget for 2023 was
approved by the government. Moreover, between 2024 and 2027, the Saudi Arabian
construction market is anticipated to grow by an average of 5% annually, helped
by investments in projects related to transportation, renewable energy,
housing, and tourism under the Vision 2030 strategy. Saudi Arabia's GDP reached more than USD 1
trillion in 2022. Therefore, with the growth of the construction
industry, the demand for self-cleaning
glass is expected to increase during the forecast period.
Self-Cleaning
Glass Has Less Harmful Impact on The Environment
Self-cleaning glass is a type of glass
that keeps its surface free of debris and grime. These glasses are made by
depositing a thin layer of chemicals having photolytic and hydrophilic properties.
On the surface, a coating of titanium oxide begins a chemical reaction,
breaking down dirt and other impurities into tiny particles that may be readily
washed away by rain or water application. The layer is hydrophilic, as opposed
to normal glass, which is hydrophobic. As a result of the depositing, the glass
becomes simpler to clean. The self-cleaning layer of glass is classified as
hydrophobic or hydrophilic. Because of the action of water, both types of
coatings are capable of self-cleaning.
The
planet benefits from self-cleaning glass with a less harmful impact on the
environment. Additionally, it prevents the requirement for extra cleaning
agents and conserves water during washing. Self-cleaning glasses are renowned
for being glare and mist resistant. Self-cleaning glasses are frequently
utilized as doors and windows glazing as well as a building infrastructure
partition. The ability of self-cleaning has led to a sharp increase in its
usage in the construction industry.
One
of the key reasons driving the growth of the market is the significant rise of
the building industry. Furthermore, the decrease in maintenance time and cost
will propel the growth of the Saudi Arabia self-cleaning glass market. Both
types of coatings are capable of self-cleaning due to the action of water.
Glass that cleans itself is less harmful to the environment. It also conserves
water and eliminates the need for extra cleaning chemicals throughout the
washing process. Self-cleaning glasses are well-known for their ability to
withstand fog and glare. Thus, the rising demand for strong, scratch-resistant,
and self-cleaning windows and facades will drive the growth of the Saudi Arabia
self cleaning glass market during the forecast period.
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Trend
Toward Renewable Energy and Growing Construction Sector in the Country
The market's growth rate will be
accelerated by the trend toward renewable energy and the increased demand for
self-cleaning glass for usage in skylights, conservatories, and roofs.
Furthermore, increasing product launches and growing demand for value-added
glass items will fuel the growth of the Saudi Arabia self cleaning glass market. The Kingdom has placed its bets on ACWA
Power to achieve its Vision 2030 renewable energy goal to provide 70% of the
Kingdom’s RE-generated power needs.
According to figures issued by the
General Authority for Statistics (GASTAT), Saudi Arabia's economy grew its
gross domestic product (GDP) by 8.7% in 2022, the highest growth rate among the
G20 nations despite the economy being in terrible conditions and facing
numerous obstacles. Additionally, to carry out a large-scale development in
downtown Riyadh, the Saudi Crown Prince Mohammed bin Salman established the New
Murabba Development Corporation (NMDC) in February 2023. The proposal includes
building a residential area, a business area, hotels, hospitals, entertainment
and recreation venues, and educational facilities.
Adoption of Largest Single-Site Solar
Power Plant in Saudi Arabia
Through self-cleaning glasses, solar
panel longevity and energy efficiency are increased, and maintenance costs are
decreased. The absorption of high incident sunlight is necessary for high
efficiency solar cells. So, the effectiveness of solar panels can be boosted by
using self-cleaning glasses. Self-cleaning glass is a green solution as it uses
less water and does not need chemicals to clean the surface. For instance, on November 30, ACWA Power,
a local utility firm, and Water and Electricity Holding firm (Badeel) inked a
contract to develop Al Shuaibah, in the province of Mecca, into the largest
single-site solar power plant in the world. With a 2,060 MW generation
capacity, the solar power station is anticipated to begin operations by the end
of 2025. Therefore, the market is expected to register
a high CAGR during the forecast period.
Self-cleaning glasses are expensive and
ineffective, which will slow down the market's growth. A low adoption rate in
underdeveloped areas and a lack of self-cleaning glass terminology may further
hinder the market's growth. A significant market limitation that will further
slow the industry's growth pace is the lack of awareness of self-cleaning glass
technology among individuals in emerging nations.
Recent Developments
- One of Saudi Arabia's major initiatives under Vision 2030 is
housing. In collaboration with the private sector, the housing ministry seeks
to construct 300,000 housing units during the following five years.
- Residential sector mortgages saw an annual increase of 48% reaching
a total value of SAR 71.4 billion (USD 19.03 billion) in the first five months
of 2021. The Sakani program, run by the Ministry of Housing (MOH), offered
77,000 housing units to people during the first five months of 2021, or around
55% of the objective of 140 thousand units, based on the high demand for
residential villas, which account for 80% of all mortgages.
- In the first half of 2021, numerous projects were completed in major
cities, which led to the delivery of roughly 26,500 units. As a result,
construction activities in the residential market remained moderately busy.
- In September 2021, SEDCO announced a collaboration agreement with
Hamad M. AlMousa Real Estate Co. (Firm) to develop a 1.9 million square meter
native land plot in Al Qadisiyah, at the location of north Riyadh. The land
development project is close to King Khalid International Airport and connected
to main roads and key transportation networks. The land development will be
carried out in multiple phases, with the plan being subdivided into plots for
sale and creating subsequent crucial infrastructure.
- By 2030, the monarchy intends to invest more than USD 3 trillion in
the domestic economy, a goal that economists predict would be challenging to
reach. Additionally, Neom, Red Sea Project, and Qiddiya are the newest
development initiatives in Saudi Arabia. The monarchy expects the private
sector to play a role in realizing its lofty goals and assisting with the
execution of its programmers.
- The Wadi of Hospitality, a 20-kilometer-long public domain that
connects the five districts, will also be a feature of AlUla. Each district of
the heritage site offers visitors a variety of lodging and hospitality options,
ranging from hotels and eco-tourism resorts to luxury lodges and canyon farms
that are carved into the sandstone rocks. In addition, the heritage site will
add a total of 5,000 additional room keys to the overall target of 9,400 keys
by 2035.
Market Segmentation
The Saudi Arabia self cleaning glass market
is divided into
glass coating, application, and
region. Based on glass coating, the market
is segmented into hydrophobic and hydrophilic. Based on application, the market is segmented into building
& construction, automotive, and solar panels. Based on region, the market is segmented into Northern
& Central, Western, Eastern, and Southern.
Market Players
Main market players in the Saudi
Arabia Self Cleaning Glass Market are Obeikan Glass Company, Saudi American
Glass Company, Saudi Arabian Glass Co. Ltd, Guardian
Glass, Glaston, Arabian United Float Glass Company, Turomas S.L, Region Glass
Factory, IKK Glass, and INT Glass.
|
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
|
Glass Coating
Application
|
|
Regional scope
|
Eastern
Region, Northern & Central Region, Western
Region, and Southern Region
|
|
Key companies profiled
|
Obeikan Glass Company, Saudi American Glass Company, Saudi Arabian Glass Co. Ltd, Guardian Glass, Glaston, Arabian
United Float Glass Company, Turomas S.L, Region Glass Factory, IKK Glass, and
INT Glass
|
|
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, the Saudi Arabia self cleaning glass market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
·
Saudi Arabia Self-Cleaning
Glass Market, By Type:
o Hydrophobic
o Hydrophilic
·
Saudi Arabia Self-Cleaning
Glass Market, By Operation:
o Building & Construction
§ Residential
§ Non-Residential
o Automotive
o Solar Panels
·
Saudi Arabia Self Cleaning Glass Market, By Region:
o Eastern Region
o Northern & Central Region
o Western Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in the Saudi Arabia self cleaning glass market.
Available Customizations:
Saudi Arabia self cleaning glass market report 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).
Saudi Arabia self cleaning glass market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]