GCC Flat Glass Market

The GMI Research forecasts that the GCC flat glass market is witnessing an upsurge in demand during the forecast period. This is mainly due to the strong demand for the glasses in the construction and infrastructure development among the end-users and the growing penetration of flat glasses in different applications like buses, trains, and passenger cars in the GCC region.

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GCC Flat Glass Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for the glasses in the construction and infrastructure development among the end-users and the growing penetration of flat glasses in different applications like buses, trains, and passenger cars across the GCC region are the prominent factors propelling the growth of the GCC flat glass market size. Additionally, the increasing technological advancements for creating new designs in architectural sciences, followed by the rising government initiatives towards sustainable and eco-friendly infrastructure in the Gulf countries, are some other driver surging the market growth.

Various governments of Gulf countries are planning to develop green buildings to maintain a balance of environmental sustainability and energy savings, which will further enhance the demand for the market. As per the GCC flat market report, the rising awareness associated with the energy-saving products to save electricity and decrease the cost of air-conditioning in the commercial and residential premises will contribute to the growth of the GCC flat glass market during the forecast period. Additionally, the growing disposable income integrates wide investments and continuous urbanization by the real estate manufacturers to meet the needs of the consumers are certain factors that are expected to drive the growth of the market. On the other hand, the factors hampering the growth of the GCC flat glass market share in terms of revenue include variations in prices of raw materials and inadequate logistics services.

Regional Drivers

Based on countries, the United Arab Emirates is anticipated to increase at a higher CAGR during the forecast period. This is attributed to the rising technological advancements in real estate to develop smart and green cities. In addition to this, increasing government proposals to decrease carbon footprint and greenhouse gas emission for environmental sustainability will accelerate the growth of the GCC flat glass market.

GCC Flat Glass Market Segmentation:

Segmentation by Product Type:

· Basic

· Tempered

· Laminated

· Insulated

· Others

Segmentation by Technology:

· Float

· Rolled

· Sheet

Segmentation by Application:

· Architectural

· Automotive & Transportation

· Others

Segmentation by Countries:

· UAE

· Saudi Arabia

· Oman

· Kuwait

· Rest of GCC

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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