Middle East and Africa Flat Glass Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Industry Report Covers Middle East and Africa Flat Glass Manufacturers and is segmented by Product Type (Annealed Glass, Coater Glass, Reflective Glass, Processed Glass, and Mirrors), End-user Industry (Building and Construction, Automotive, Solar, and Other End-user Industries), and Geography (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, and Rest of Middle-East and Africa). The report offers market size and forecasts for Middle-East and Africa Flat Glass in revenue (USD Million) for all the above segments.

Middle East and Africa Flat Glass Market Size

Middle-East and Africa Flat Glass Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 3.50 %
Market Concentration High

Major Players

Middle-East and Africa Flat Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Middle East and Africa Flat Glass Market Analysis

The Middle East and Africa flat glass market is projected to register a CAGR of over 3.5% during the forecast period.

COVID-19 negatively impacted the market in 2020 due to a disruption in the supply chain. During the pandemic, many factories responsible for raw material production for the flat glass industry were shut down. However, the market recovered in the 2021-22 period, owing to rising consumption from various end-user industries such as automotive, construction, and others. Over the past two years, rising home sales and increasing demand for new offices and retail spaces have driven the market's growth.

  • Over the short term, the growing demand for electronic displays and the increasing need for flat glass in the construction industry will be the major factors driving the growth of the studied market.
  • Conversely, fluctuating raw material prices may hinder the market's growth.
  • Advancements in the automotive industry and rising initiatives in the solar industry are likely to create opportunities for the market in the coming years.
  • Saudi Arabia remains the fastest-growing construction market in the region during the forecast period.

Middle East and Africa Flat Glass Market Trends

This section covers the major market trends shaping the MEA Flat Glass Market according to our research experts:

Increasing Usage in the Construction Industry

  • Flat glass is used significantly in the construction industry owing to its wide range of functions, from heat insulation to soundproofing and from safety applications to solar protection. It is extensively used in windows, facades, doors, interior partitions, balustrades, shop fronts, and railings for stairs and balconies, among other building parts. These multiple uses will boost the flat glass market during the forecasted period.
  • In building and construction applications, flat glass is majorly used in windows for both functional and aesthetic purposes, which allows clear sight for customers looking out of the window, and at the same time, protects them from harmful UV radiations. Also, flat glasses require greater pressure to break.
  • The Saudi Arabian construction market is expected to witness significant growth and lucrative potential due to massive investments in residential and non-residential projects. Construction is underway on many industrial hubs, schools, hospitals, real estate, clean energy infrastructure, smart cities, and tourism.
  • As per the Gulf Council Corporation report, Saudi Arabia has planned an investment of SAR 250 billion (~USD 66.47 billion) in healthcare infrastructure with support from the private sector, whose involvement is expected to increase from 40% to 65% by 2030.
  • According to the Ministry of Energy and Infrastructure, the United Arab Emirates is investing AED 11.8 billion (USD 3.2 billion) in nearly 130 state-funded development projects by 2023. The ministry will implement 17 projects to be used as health facilities and a further 26 for the UAE's Ministry of Interior. The plans also include 12 infrastructure developments for educational facilities while there are plans to develop 15 government buildings that are accessible to the public.
  • According to the report of World Bank and OECD, In South Africa, the construction industry contributed 24.5% in the overall GDP of the country in 2021, as compared to 23.4% in 2020.
  • According to Public Works and Infrastructure, the South African government announced its plan to invest ZAR 791.2 billion (~USD 48.65 billion) in public-sector infrastructure spending from 2021 to 2024.
  • The Qatar National Vision 2030 and the FIFA World Cup 2022 are major growth drivers for Qatar's construction industry. The ongoing implementation of major development projects across various sectors, including building, hospitality, tourism, transportation, infrastructure, etc., explains Qatar's vision.
  • Moreover, the increasing investments of Asian vendors in the African market and a steady growth in the number of smart city initiatives in the region are expected to increase the demand for flat glass in the Middle East and African construction sector during the forecasted period.
Middle-East and Africa Flat Glass Market: Construction Industry Value Added to GDP, In %, South Africa, 2012-2021

Saudi Arabia to Dominate the Market

  • Saudi Arabia remains the fastest-growing construction market in the region. Many ongoing and upcoming construction projects are expected to contribute to the demand for flat glass in the country.
  • As per the report of the Central Department of Statistics and Information of Saudi Arabia, SAR 29,367 (~USD 7,808.22 million) million was added as the construction industry's value added to the total GDP of the country in Q1 2022, as compared to SAR 29,252 (~USD 7,777.64 million) million in 2020.
  • The Saudi Arabian government recently announced its Vision 2030, which aims to focus on sustainability commitments, improving the quality of life for citizens, and building a thriving economy in the country.
  • The Vision 2030 agenda has unleashed essential infrastructure and real estate projects worth USD 1 trillion. With its USD 1.1 trillion project pipeline, the country is looking for qualified builders to shape its most ambitious projects, such as the tourist destination of the Neom super-city, the 334 square kilometer entertainment city of Qiddiya, the development of the UNESCO World Heritage site of Al-Ula, and the luxury and sustainable tourism focused Red Sea Project.
  • Furthermore, other major construction projects in Saudi Arabia are the New Taif Project, Diriyah Gate Project, Jeddah and Riyadh Metro, Al Widyan, The Kingdom Tower, Jeddah, King Abdullah Economics City of Rabigh, Jabal Omar, etc. The announcement of the National Transformation Plan (NTP) increased investments in various sectors, such as healthcare and education, to support the country's economic growth.
  • Currently, the country's economy is entering the post-oil era in which the kingdom's mega-cities, which are under construction, will provide prospective growth to the studied market. According to the Industry Association, more than 5,200 construction projects are currently ongoing in Saudi Arabia at a value of USD 819 billion. These projects account for approximately 35% of the total value of active projects across the Gulf Cooperation Council (GCC).
  • Saudi Arabia is focusing on establishing itself as the new automotive hub in the Middle East. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the country to develop the domestic auto industry. In 2021, the automotive sales in the country increased by 4%, with the sale of 5,56,559.
  • The country is planning to establish an auto city to provide advantages and cost savings for investors in the sector. It is planning to establish a lightweight vehicle manufacturing plant in Riyadh. Moreover, there are negotiations going on with Toyota and other major manufacturers to establish manufacturing plants in the country. All such developments, if successful, may drive the market during the forecast period.
  • The Renewable Energy Project Development Office of Saudi Arabia is planning to increase its solar power generation capacity to 20GW by 2023 and 40GW by 2030.
Middle-East and Africa Flat Glass Market: Construction Industry Value Added To GDP, In SAR Million Saudi Arabia, Q1 2021- Q1 2022

Middle East and Africa Flat Glass Industry Overview

The Middle-East and Africa flat glass market is consolidated in nature. Some of the key players in the market include AGC Inc., Saint-Gobain, GUARDIAN GLASS LLC, Nippon Sheet Glass Co. Ltd, and Sisecam Group (not in any particular order).

Middle East and Africa Flat Glass Market Leaders

  1. AGC Inc.

  2. Saint-Gobain

  3. GUARDIAN GLASS LLC

  4. Nippon Sheet Glass Co. Ltd

  5. Sisecam Group

*Disclaimer: Major Players sorted in no particular order

Middle-East and Africa Flat Glass Market - Market Concentration.png

Middle East and Africa Flat Glass Market News

  • In September 2022, Saint-Gobain announced to invest in new production facilities in Egypt. Investments will be made in manufacturing plants for flat glass. The multinational company plans to build two new manufacturing plants for flat glass, gypsum, and sustainable building materials over the next three years.
  • In August 2022, a Mexico-based company, Vitro, unveiled its plan to construct a flat and container glass plant in Egypt. The company wants to invest in a 350,000 m2 (meter square) flat glass factory and a 150,000 m2 container glass facility under a free zone framework, with a total investment of USD 400 million.

Middle East and Africa Flat Glass Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Electronic Displays

      2. 4.1.2 Increasing Demand from the Construction Industry

    2. 4.2 Restraints

      1. 4.2.1 Fluctuating Raw Material Prices

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Revenue)

    1. 5.1 Product Type

      1. 5.1.1 Annealed Glass

      2. 5.1.2 Coater Glass

      3. 5.1.3 Reflective Glass

      4. 5.1.4 Processsed Glass

      5. 5.1.5 Mirrors

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Automotive

      3. 5.2.3 Solar

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Saudi Arabia

      2. 5.3.2 United Arab Emirates

      3. 5.3.3 Egypt

      4. 5.3.4 Nigeria

      5. 5.3.5 South Africa

      6. 5.3.6 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AGC Inc.

      2. 6.4.2 Asahi India Glass Limited

      3. 6.4.3 Fuyao Glass Industry Group Co. Ltd

      4. 6.4.4 GUARDIAN GLASS LLC

      5. 6.4.5 Nippon Sheet Glass Co. Ltd

      6. 6.4.6 Phoenicia

      7. 6.4.7 Saint-Gobain

      8. 6.4.8 SCHOTT AG

      9. 6.4.9 Sisecam Group

      10. 6.4.10 Vitro

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Advancements in the Automotive Industry

    2. 7.2 Rising Initiatives in Solar Industry

**Subject to Availability

Middle East and Africa Flat Glass Industry Segmentation

Flat glass is produced by the float, sheet, rolled, or plate glass process and is used in windows, windshields, table tops, or similar products. It is manufactured by melting sand and other materials into a liquid, spreading the liquid (molten) glass to the desired thickness, and cooling it into the final product. The Middle East and Africa flat glass market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into annealed glass, coater glass, reflective glass, processed glass, and mirrors. By end-user industry, the market is segmented into building and construction, automotive, solar, and other end-user industries. The report also covers the market size and forecasts for the Middle East and Africa flat glass market in five countries across the Middle East and African region. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Product Type
Annealed Glass
Coater Glass
Reflective Glass
Processsed Glass
Mirrors
End-user Industry
Building and Construction
Automotive
Solar
Other End-user Industries
Geography
Saudi Arabia
United Arab Emirates
Egypt
Nigeria
South Africa
Rest of Middle East and Africa

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Middle East and Africa Flat Glass Market Research FAQs

The Middle-East and Africa Flat Glass Market is projected to register a CAGR of greater than 3.5% during the forecast period (2023-2028).

AGC Inc., Saint-Gobain, GUARDIAN GLASS LLC, Nippon Sheet Glass Co. Ltd and Sisecam Group are the major companies operating in the Middle-East and Africa Flat Glass Market.

Middle East and Africa Flat Glass Industry Report

Statistics for the 2023 Middle East and Africa Flat Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East and Africa Flat Glass analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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