Middle East Glass Market – Industry Trends and Forecast to 2031

Middle East Glass Market Analysis and Size

Rising population, urbanization, and infrastructure development in glass technology are the major driver for the market growth. Fluctuations in the prices of these raw materials can impact the profitability of glass manufacturers is the restrain in the glass market. Growing demand for energy-efficient and sustainable building materials is the opportunity for market growth and the need for continuous innovation and technological advancements is the major challenge for the glass market.

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.

Market Definition

Glass refers to a transparent or translucent material produced by melting silica and other substances. Widely utilized for its transparency and versatility, glass can be shaped for various applications. Common types include soda-lime and borosilicate glass, chosen based on specific business needs such as for windows, containers, and optical devices due to properties like hardness and chemical resistance.

Middle East Glass Market Dynamics

This section deals with understanding the market drivers, opportunities, challenges, and restraints. All of this is discussed in detail below:

Drivers

• Rising Construction and Infrastructure Development in Saudi Arabia

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.

Thus, these infrastructure developments reflect Saudi Arabia's ambition to attract foreign investment, promote tourism, create job opportunities, and improve the quality of life for its citizens. Overall, Saudi Arabia's construction and infrastructure development initiatives are part of its broader plan, which is driving market growth.

• Growing Population and Urbanization in the Middle East

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 the improvements in healthcare and living conditions such as wealth, employment environment, education, and others have contributed to the population expansion.

Thus, more people move to cities and towns, and there is a growing need for housing, commercial spaces, and public infrastructure. This trend fuels the demand for glass products in the construction industry for automotive glass, mirrors, and household glassware, which is driving market growth.

Opportunity

• Export Potential in the Middle East Region

Middle Eastern countries has been investing heavily in infrastructure development, including the construction of commercial buildings, residential complexes, and industrial facilities. The demand for glass products, including flat glass, processed glass, and specialty glass, is rising to cater to these construction projects.

Furthermore, Saudi Arabia, U.A.E., and other countries are also witnessing growth in the automotive, energy, and packaging sectors, which require glass products. The automotive sector, in particular, is experiencing significant growth, and the demand for automotive glass is expected to increase.

Thus, the market has significant export potential due to the country's growing construction industry, government support, availability of raw materials, and strategic location, which is expected to create opportunities for market growth.

Restraints/Challenges

• Lack of Availability and Fluctuating Prices of Raw Materials

The cost of raw materials used in glass production, such as silica sand, soda ash, limestone, and natural gas, can be volatile. Fluctuations in raw material prices can impact the profitability of glass manufacturers, making it challenging to maintain stable pricing and margins.

Shortage of raw materials in the Middle East glass market could be due to a range of factors, such as disruptions in the global supply chain, fluctuations in raw material prices, or changes in government regulations or policies affecting the industry.

Fluctuations in raw material prices make it challenging for glass manufacturers to plan and forecast accurately. Rapid price changes can disrupt budgeting, pricing strategies, and long-term business planning. This uncertainty can make it difficult for companies to make informed decisions and investments, hindering their growth and stability. Thus, the lack of availability of raw materials or fluctuating raw material prices is restraining the market growth.

• Competition from Alternative Materials

Plastic containers and bottles have gained popularity due to their lightweight nature, durability, and cost-effectiveness. Plastic offers advantages such as shatter resistance, portability, and versatility, making it a viable alternative to glass in various applications.

In sectors such as construction and automotive, aluminium has emerged as an alternative material to glass. Aluminum is lightweight, corrosion-resistant, and offers an excellent strength-to-weight ratio, making it suitable for windows, facades, and other structural elements. It also provides better insulation properties compared to glass.

The glass market faces intensified competition from alternative materials such as plastics, composites, and advanced polymers. The quest for lightweight, flexible, and cost-effective solutions challenges the traditional dominance of glass in certain applications. However, the inherent properties of glass, including transparency, recyclability, and durability, position it as a resilient contender, prompting continuous innovation to address evolving market dynamics and sustain its relevance amidst alternative material competition. Thus, the competitiveness of these alternative materials may vary across different sectors and applications within the market, which is expected to challenge the market growth.

Recent 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

Middle East Glass Market Scope

The Middle East glass market is categorized into five notable segments based on type, product, function, thickness, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

• Float Glass
• Architectural Glass
• Cast Glass
• Blown Glass
• Clear Glass
• Tinted Glass
• Patterned Glass
• Textured Glass
• Wired Glass
•  
• Extra Clear Glass
• Special Glass
• Security Glass
• Glass Containers
• Others

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.

Product

• Coated
• Uncoated

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

Function

• UV Filter Glass
• Heat Insulation Glass
• Safety Glazing
• Soundproofed Glazing
• Self-Cleaning Glass
• Ion Exchange Glass
• Others

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.

Thickness

• 4 mm
• 5 mm
• 6 mm
• 8 mm
• 2 mm
• 3 mm
• 10 mm
• 12 mm
• More than 12 mm

On the basis of thickness, the Middle East glass 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.

Application

• Building and Construction
• Automotive
• Aerospace
• Electronic Appliances
• Solar Energy
• Packaging
• Furniture
• Others

On the basis of application, the Middle East glass market is segmented into building and construction, automotive, aerospace, electronic appliances, solar energy, packaging, furniture, and others.

Middle East Glass Market Regional Analysis/Insights

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

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

Saudi Arabia is expected to dominate the market due to increasing urbainization and population in the country.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Middle East Glass Market Share Analysis

Middle East glass market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the modular construction market.

Some of the major market players operating in the market that include Şişecam, Guardian Industries Holdings Site, IKKGlass, AGC Inc, and Dubai Investments, Alma, Arabian Processing Glass Co., Glas Trösch Holding AG, Obeikan Glass Company, QGI, REGIONGLASS, Saint-Gobain, and Zoujaj, among others.

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