Press Release

Rising Construction and Infrastructure Development in Saudi Arabia is Driving the Growth of the Middle East Glass Market

Saudi Arabia has been experiencing significant growth and development in the construction and infrastructure sectors in recent years. The government has been actively investing in various projects to diversify the economy and support the country's long-term vision for development, known as Vision 2030. Saudi Arabia embraces smart city initiatives to enhance livability, sustainability, and efficiency. For instance, the King Salman Energy Park (SPARK) aims to create an integrated city focused on energy-related industries. It will provide various services and infrastructure to support the oil, gas, and petrochemical sectors.

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Data Bridge Market Research analyzes Middle East Glass Market is expected to reach USD 4,027.66 million by 2031 from USD 2,406.40 million in 2023, growing at a CAGR of 6.8% during the forecast period of 2024 to 2031.

Key Findings of the Study

Middle East Glass Market

Growing Population and Urbanization in the Middle East

The Middle East has experienced significant population growth and urbanization in recent decades. The Middle East region's population is growing at an average rate of 1.56%. This is well above the global rate of 1.1% population growth. High rates of migration, high birth rates, higher life expectancy, and lower infant mortality rates contribute to higher populations and also improvements in healthcare and living conditions such as wealth, employment environment, education, and others have contributed to the population expansion. In addition, economic development and opportunities have attracted people from rural areas within Middle Eastern countries.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016–2021)

Quantitative Units

Revenue in USD Million Volume in Thousand Square Meter, and Pricing in USD

Segments Covered

Type (Float Glass, Architectural Glass, Cast Glass, Blown Glass, Clear Glass, Tinted Glass, Patterned Glass or Textured Glass, Wired Glass, Extra Clear Glass, Special Glass, Security Glass, Glass Containers, and Others), Product (Coated and Uncoated), Function (UV Filter Glass, Heat Insulation Glass, Safety Glazing, Soundproofed Glazing, Self-Cleaning Glass, Ion Exchange Glass, and Others), Thickness (4 mm, 5 mm, 6 mm, 8 mm, 2 mm, 3 mm, 10 mm, 12 mm, and More than 12 mm), Application (Building and Construction, Automotive, Aerospace, Electronic Appliances, Solar Energy, Packaging, Furniture, and Others)

Countries Covered

Saudi Arabia, U.A.E., Qatar, Oman, Kuwait, Turkey, and Rest of Middle East

Market Players Covered

Şişecam (Turkey), Guardian Industries Holdings Site (U.S.), IKKGlass (Saudi Arabia), AGC Inc. (Japan), Dubai Investments (U.A.E.), Alma (Saudi Arabia), ARABIAN PROCESSING GLASS CO (Saudi Arabia), Glas Trösch Holding Ag (Switzerland), Obeikan Glass Company (Saudi Arabia), QGI (Qatar), REGIONGLASS (Saudi Arabia), Saint-Gobain (France), and Zoujaj (Saudi Arabia), among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Segment Analysis

The Middle East glass market is categorized into five notable segments based on type, product, function, thickness, and application.

  • On the basis of type, the Middle East glass market is segmented into float glass, architectural glass, cast glass, blown glass, clear glass, tinted glass, patterned glass or textured glass, wired glass, extra clear glass, special glass, security glass, glass containers, and others

In 2024, the float glass segment is expected to dominate the Middle East glass market

In 2024, the float glass segment is expected to dominate the market with a market share of 17.26% because of its wide applicability, such as windows and mirrors.

  • On the basis of product, the Middle East glass market is segmented into coated and uncoated

In 2024, the coated segment is expected to dominate the Middle East glass market

In 2024, the coated segment is expected to dominate the market with a market share of 69.57% because of its wide applications in various industries.

  • On the basis of function, the Middle East glass market is segmented into UV filter glass, heat insulation glass, safety glazing, soundproofed glazing, self-cleaning glass, ion exchange glass, and others. In 2024, the UV filter glass segment is expected to dominate the market with a market share of 30.54%
  • On the basis of thickness, the market is segmented into 4 mm, 5 mm, 6 mm, 8 mm, 2 mm, 3 mm, 10 mm, 12 mm, and more than 12 mm. In 2024, the 4 mm segment is expected to dominate the market with a market share of 21.41%
  • On the basis of application, the market is segmented into building and construction, automotive, aerospace, electronic appliances, solar energy, packaging, furniture, and others. In 2024, the building and construction segment is expected to dominate the market with a market share of 31.08%

Major Players

Data Bridge Market Research analyzes Şişecam (Turkey), Guardian Industries Holdings Site (U.S.), IKKGlass (Saudi Arabia), AGC Inc. (Japan), and Dubai Investments (U.A.E.) as the major players of the Middle East glass market.

Middle East Glass Market

Market Developments

  • In October 2023, In the first half of the year, Şişecam signed a letter of intent to invest in ICRON, a Turkish firm that provides operational and strategic decision optimization services. Şişecam is now taking this approach further. Şişecam and ICRON have a collaboration arrangement. As part of the deal, Şişecam's initial involvement in ICRON will be 15.7%, with an eventual partnership rate of 33.1% through progressive investments. With this agreement, Şişecam hopes to expand with ICRON and elevate its operational excellence and optimization approach to the next level, marking its first investment in the sector of software innovations
  • In September 2023, Şişecam is accelerating investments to support its growth. In response to increased worldwide competitiveness and the rising demand for automotive glass, Sisecam launched a new automotive glass line worth about TRY 4 billion (USD 190 million) with additional capital expenditures at its manufacturing location in Luleburgaz. The new line will have an annual capacity of 200,000 tons and will create an extra 114 jobs. This will be exclusively devoted to architectural glass, increasing capacity and efficiency
  • In August 2023, SABIC, Home of Innovation Solar control glass supports a first for residential buildings in the Middle East gained LEED Platinum Certification. In this construction, all windows and some doors are glazed in Guardian SunGuard SuperNeutral 30T, a double silver coated solar control glass that selectively transmits natural light while limiting solar heat gain and the requirement for energy-intensive air conditioning. This helps the firm to obtain more recognition for its environmental efforts
  • In February 2023, AGC Inc. and Saint-Gobain, two of the world's leading flat glass producers in terms of sustainability, announced a collaboration on the design of a prototype breakthrough flat glass line that is projected to considerably cut direct CO2 emissions.
  • In September 2022, Guardian Glass presented Guardian Clarity Neutral, a revolutionary anti-reflective coated glass that offers the maximum transparency of any Guardian Glass product to date, allowing for truer, more natural views through the glass. Guardian Clarity Neutral lowers reflections and glare in special-purpose applications such as shop storefronts, museum exhibits, picture frames, and commercial refrigerator doors, making the glass nearly invisible and enabling clearer, uninterrupted, more natural views through the glass. This helps the organization enhance its productivity and revenue

Regional Analysis

Geographically, the countries covered in the Middle East glass market report is Saudi Arabia, U.A.E., Qatar, Oman, Kuwait, Turkey, and rest of the Middle East.

As per Data Bridge Market Research analysis:

Saudi Arabia is expected to be the dominant and fastest growing country in Middle East glass market

Saudi Arabia is expected to be the dominant and fastest growing country due to rising construction and infrastructure development in the country.

For more detailed information about the Middle East glass market report, click here – https://www.databridgemarketresearch.com/reports/middle-east-glass-market


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