Saudi Arabia Architectural Flat Glass Market Outlook (2018 to 2032)
Synopsis
The above chart is Saudi Arabia Architectural Flat Glass Market Outlook (2018 to 2032)
Market Dynamics
flat glass is a type of sheet glass, with a high degree of flatness, uniform thickness and even surface. most common types of flat glass are float, rolled and drawn glass. flat glass is commonly used across various industries such as automotive, construction, electronics and others.
the flat glass market in saudi arabia is currently driven by a number of factors, such as the rising demand for new and advanced construction projects in the region, increasing investments in infrastructure and construction industries, and the increasing demand for green construction materials due to the government’s initiatives towards energy-efficiency and sustainability, and environmental safety.
in saudi arabia, making and molding of float glass is relatively low, leading to the import of flat glass from countries such as brazil, turkey, india and the uae. moreover, the cost of production of architectural flat glass in saudi arabia is higher than that in other countries due to the high cost of energy. this situation has increased the demand for cost-effective, energy-efficient and environment friendly flat glass products in the region, creating huge opportunities for international players in the market.
as per the construction industry development authority (cida) in saudi arabia, the demand for architectural flat glass is expected to see steady growth in the next 10-15 years. to encourage various expansion activities in the construction sector and to maintain the efficient utilization of resources across the kingdom, the government is offering a number of incentives to international investors in the form of tax reductions, import duty relief and local content reduction.
additionally, with the government's zero defect – zero effect (zdze) initiative, saudi arabia is becoming a favored destination for construction projects. this initiative focuses on the improvement in the energy efficiency, aesthetics and safety of construction projects across the country and puts strict regulations on the utilization of materials. this has created abundant opportunities for well-established flat glass manufacturers in the region and is likely to spur the demand for architectural flat glass in the future.
in conclusion, the demand for architectural flat glass in saudi arabia is projected to witness an upwards trend in the next decade. the rise in government initiatives such as zdze will lead to a surge in demand for such products, thus creating positive potential for leading players in the market.