Market Size of Middle-East and Africa Flat Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | High |
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.
