The Middle East and Africa Flat Glass Market expects to give a 360-degree perspective available as far as cutting-edge innovation, key improvements, drivers, restrictions and future patterns with effect examination of these patterns available for present moment, mid-term and long term during the forecast period.
The Middle East & African flat glass market was valued at USD 6.390 billion in 2018 and is expected to be valued at USD 9.6 billion by 2024, while registering a CAGR of 6.91% over the forecast period, 2019-2024. With more than 10,000 construction projects currently active in the GCC and North Africa, the demand for glass and glass-related products is booming.
Top Companies in the Middle East And Africa Flat Glass Market: AGC Middle East & Africa FZCO, Saint-gobain Middle East Holding S.A.L, Schott AG, Sphinx Glass, Corning Incorporated, PPG Industries LLC (VITRO SAB De CV), Phoenicia Flat Glass Industries LTD, Guardian Glass LLC (Koch Industries), Nippon Sheet Glass Co. Ltd, Kaveh Glass Group, Ghazvin Glass Co. and others.
Construction is the largest end-user segment of the market. Similar to most of the oil-based economies around the world, most of the Middle East & African economies were also severely hit by the low crude oil price situation, during the past four years.
Flat glass finds two major modes of application in the automotive industry, original equipment (OE) supplied to manufacturers for new vehicles and automotive glass replacement (AGR) products supplied to the aftermarket for retrofit purposes, usually damages.
Sand, soda ash, limestone, and dolomite are the materials needed for the production of flat glass. Limestone is added to increase the durability of the product, whereas, dolomite is used to enhance the functional properties.
Dynamic shifts in product standards, such as lightweight and non-fragile nature, are encouraging the flat glass manufacturers to incorporate the latest technological innovative methods.
The tempered glass market in Middle East is estimated to be the largest in the MENA region and is estimated to attract manufacturers during the forecast period. Growth in construction projects in countries like Egypt, UAE, and Saudi Arabia drives the market in the region.
Middle East and Africa Smart Glass market is estimated to attain a CAGR of 11.20%, reaching US$0.088 billion in 2022, increasing from US$0.047 billion 2016.
The massive Glass industry in Africa is limited to three countries which are Egypt, Algeria and South Africa.
Egypt exports 30% of its glass production
Egypt has one of the most developed and diversified economies in the Middle East which is expected to reach 6% in the medium term, reflecting its position in the region. Egypt offers huge opportunities for glass experts on a continent forecast to enjoy some of the highest economic growth rates in the MENA region.
Glass industry will witness strong growth in Egypt in the coming years, in the light of domestic economic expansion, as well as growth in exports.
The volume of Egypt’s exports of glass represents 30 % of its production in 2018, according to Head of Glass Division at Federation of Egyptian Industries. Egypt had exported glass to 110 countries, including 18 countries it had never exported products to before including Ghana, Mozambique, and Angola.
Egypt was an importer of glass until 2010, clarifying that in 2012, the state was able to achieve self-sufficiency and started to export its produced glass. The new productive capacities entered the glass industry in 2010 with the operation of two large factories.
The volume of consumption of glass in Egypt is constantly increasing as a result of the increased demand for glass used in food & beverage industry, construction, facades, and a number of projects as Grand Real Estate.
The volume of glass production in Egypt was doubled in five years, to reach 450,000 tons in 2017, up from 270,000 tons in 2012.
Glass is one of the most preferred materials for packaging of food, beverages, pharmaceuticals, and personal care products. Egypt’s glass packaging market is segmented on the basis of product and end-user industry. Based on the product, the market is segmented into bottles, jars, vials, and others.
The growth in Egyptian glass industry reached 10% which exceeds the international rate, which is 4%.
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