Middle East and Africa Flat Glass Market - By Countries and Vendors - Market Trends and Forecasts (2016 - 2021)
Flat glasses are glasses produced in a flat form irrespective of the manufacturing process used. These types of glasses are mainly used in the end-user industries like automotive and construction industry with 90-95% of it being manufactured using float process while the rest are produced either through sheet process or plate process.
The Middle East & Africa (MEA) production of flat glass was 3.09 MMT in 2016 and is estimated to reach 3.83 MMT by 2021, at a CAGR of 3.61%, while in terms of revenue, the market was worth USD 2.50 billion in 2016 and is projected to reach USD 3.83 billion in 2021, at a CAGR of 7.38%. 25% of the total flat glass production is made using low-quality float process. But, utilization of low-quality flat glass is declining with increasing market awareness by big players.
The MEA flat glass market has been broadly segmented by verticals into the automotive industry, construction industry, solar energy industry and others. Construction industry dominated the flat glass market in the Middle East and Africa region owing to rebounding real estate sector and increasing demand for innovative products coming in from the region.
Growing solar energy market due to increasing dependence on the renewable energy sources along with the subsidies available on the energy storage is anticipated to propel the growth of the market thus accelerating the glass demand in the MEA market.
The market has also been geographically segmented into countries such as United Arab Emirates, Saudi Arabia, South Africa and others.
The industry is highly consolidated with top four players having a market share of 60-65%. Dynamic shifts in the standards of the products, like light weighting, non-fragile is making the flat glass manufacturers to practice latest technological innovations. Some of the players mentioned in the report are Saint-Gobain, Schott Glass, Sisecam, Euroglass, NSG and Asahi Glass.
Factors like increasing urbanization, the rise in real estate sector and product innovation in terms of characteristics are some of the factors driving the growth of the market.
The increase in raw material prices is the challenge being faced by the industry.
Key Deliverables in the Study
Market analysis for the Middle East and Africa flat glass market, with country-specific assessments and competition analysis on a country scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a country scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the Middle East and Africa flat glass market on a country scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights into the major countries in which this industry is growing and also identify the regions that are still untapped.
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