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Saudi Arabia Flat Glass Market
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Saudi Arabia Flat Glass Market

Home Building And Construction Saudi Arabia Flat Glass Market

Saudi Arabia Flat Glass Market, By Product Type (Annealed Glass (including Tinted Glass), Coater Glass, Reflective Glass, Processed Glass, Mirrors); By End User Industry (Building & Construction, Automotive, Solar Glass, Others (Electronics, Aerospace)), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: August 2024
  • Report ID: BWC24587
  • Available Format: PDF
  • Page: 200

Report Overview

An increasing number of smart city projects, large building and construction and infrastructure development programs across the Kingdom driven by rapid urbanization are expected to boost the growth of Saudi Arabia Flat Glass Market during the forecast period between 2024 and 2030.

Saudi Arabia Flat Glass Market - Industry Trends & Forecast Report, 2030

Saudi Arabia Flat Glass Market size was estimated to be worth USD 1.88 billion in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Flat Glass Market size is projected to grow at a CAGR of 7.60%, reaching a value of USD 3.02 billion by 2030. Major growth factors for Saudi Arabia Flat Glass Market include rising investment in the solar energy sector and increasing demand for electric vehicles (EVs). In addition, rising demand from the construction sector owing to rapid urbanization and an increasing number of construction projects for economic development are anticipated to drive Saudi Arabia flat glass market during the forecast period.

Saudi Arabia Flat Glass Market

Flat Glass – Overview

Flat glass is a type of glass that is manufactured in the form of large, flat, and uniformly thick sheets. It is manufactured by pouring molten glass onto a metal table and then rolling it into a smooth and uniform sheet. The glass is subsequently cooled and processed to meet specific requirements. Flat glass is characterized by its flat and transparent surface, making it suitable for a wide range of applications. These sheets are commonly used in various applications, including but not limited to architectural purposes (windows, doors, and facades), the automotive industry (windshields, windows), and the production of electronic displays.

Saudi Arabia Flat Glass Market

Growth Drivers

Rising Construction and Infrastructure Development in Saudi Arabia

Rising investments in construction projects for economic diversification and infrastructural development are expected to propel the growth of Saudi Arabia Flat Glass Market. Flat glass has a strong demand in the construction sector and is being extensively utilized in windows, roofs, and facades. Flat glass is frequently used in windows for functional and aesthetic purposes in building and construction applications. It shields users from harmful UV radiation while still enabling them to look out of the window. Furthermore, increasing industrialization is expected to propel the market, pushing for the installation of this type of glass in commercial buildings to optimize natural light utilization and reduce energy consumption.

Challenges

Fluctuating Raw Material Prices

One of the main factors limiting the growth of Saudi Flat Glass Market is the fluctuation in the prices of raw materials. Prices for essential materials used in the production of flat glass, such soda ash and natural gas, frequently fluctuate. It may become more difficult for producers to keep flat glass product prices steady as a result of this raw material price volatility. As a result, pricing and profitability pressures may be placed on the market, potentially harming its overall competitiveness and room for expansion.

Saudi Arabia Flat Glass Market

Segmental Coverage

Saudi Arabia Flat Glass Market – By Product Type

By product type, Saudi Arabia Flat Glass Market is segmented into annealed glass (including tinted glass), coater glass, reflective glass, processed glass, and mirrors. The annealed glass segment holds the largest share in Saudi Arabia Flat Glass Market by product type. Annealed glass is considered highly suitable for buildings in hot regions, as it can absorb about 30–40% of the sun’s heat, provide improved ventilation, and absorb harmful solar radiation. Additionally, it is perfect for high-traffic areas, where it may be used for railings, shower doors, shop display cases, doors, walls, and office partitions, which further contributes to its market growth.

Saudi Arabia Flat Glass Market – By End User Industry

Based on the end user industry, Saudi Arabia Flat Glass Market is divided into building & construction, automotive, solar glass, and others (including electronics and aerospace). The building & construction industry dominates Saudi Arabia Flat Glass Market. Flat glass is effectively being used in buildings for heat insulation and soundproofing, as well as solar protection and other safety applications. The rising construction activities under Vision 2030 for infrastructural and economic development directly fuels the demand for flat glass from the sector. Furthermore, the launch of renewable energy projects is further anticipated to propel the growth of Saudi Arabia flat glass market during the forecast period.

Saudi Arabia Flat Glass market Size

Competitive Landscape

Major companies in the competitive Saudi Arabia Flat Glass market include Saudi Guardian International Float Glass Co., Obeikan Glass Company, Saudi American Glass Company, Al-Zamil Glass Industries, United Glass Company, Corning Incorporated, Guardian Industries, and Saint-Gobain Vitro. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Product/ Service Segmentation

Product Type, End User Industry

Key Players

Saudi Guardian International Float Glass Co., Obeikan Glass Company, Saudi American Glass Company, Al-Zamil Glass Industries, United Glass Company, Corning Incorporated, Guardian Industries, Saint-Gobain Vitro

 

By Product Type

  • Annealed Glass (including Tinted Glass)  

  • Coater Glass  

  • Reflective Glass  

  • Processed Glass  

  • Mirrors

By End User Industry

  • Building & Construction  

  • Automotive  

  • Solar Glass  

  • Others (Electronics, Aerospace)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Flat Glass Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Construction and Infrastructure Development in Saudi Arabia
        2. Growing Population and Urbanization
        3. Increasing Automotive Industry Growth
        4. Government Initiatives like Vision 2030, Promoting Economic Diversification and Urban Development
      2. Restraints
        1. Lack of Availability of Raw Materials
        2. Fluctuating Raw Material Prices
      3. Opportunities
        1. Partnerships and Collaborations for Market Expansion
        2. Technological Advancements in Glass Production
        3. Growing Demand for Sustainable Building Materials
        4. Increasing Focus on Smart City Initiatives
      4. Challenges
        1. Competition from Established Players
        2. Market Saturation in Specific Segments
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Flat Glass Market: Marketing Strategies
  5. Saudi Arabia Flat Glass Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
        1. Annealed Glass (including Tinted Glass)  
        2. Coater Glass  
        3. Reflective Glass  
        4. Processed Glass  
        5. Mirrors
      2. By End User Industry
        1. Building & Construction  
        2. Automotive  
        3. Solar Glass  
        4. Others (Electronics, Aerospace)
  6. Competitive Landscape
    1. List of Key Players and Their Range
    2. Saudi Arabia Flat Glass Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
  7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Flat Glass Market
  8. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
    1. Saudi Guardian International Float Glass Co.
    2. Obeikan Glass Company
    3. Saudi American Glass Company
    4. Al-Zamil Glass Industries
    5. United Glass Company
    6. Corning Incorporated
    7. Guardian Industries
    8. Saint-Gobain Vitro
    9. Other prominent players
  9. Key Strategic Recommendations
  10. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Saudi Arabia Flat Glass Market Segmentation

Figure 2       Saudi Arabia Flat Glass Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Flat Glass Market Size, By Value (USD Billion), 2019–2030

Figure 5       Saudi Arabia Flat Glass Market Share, By Product Type, By Value, 2019–2030

Figure 6       Saudi Arabia Flat Glass Market Share, By End User Industry, By Value, 2019–2030

 

List of Tables      

 

Table 1        Saudi Arabia Flat Glass Market Share, By Product Type, By Value, 2019–2030

Table 2        Saudi Arabia Flat Glass Market Share, By End User Industry, By Value, 2019–2030

Table 3        Saudi Guardian International Float Glass Co. Company Overview

Table 4        Saudi Guardian International Float Glass Co. Financial Overview

Table 5        Obeikan Glass Company - Company Overview

Table 6        Obeikan Glass Company Financial Overview

Table 7        Saudi American Glass Company - Company Overview

Table 8        Saudi American Glass Company Financial Overview

Table 9        Al-Zamil Glass Industries Company Overview

Table 10      Al-Zamil Glass Industries Financial Overview

Table 11      United Glass Company - Company Overview

Table 12      United Glass Company  Financial Overview

Table 13      Corning Incorporated Company Overview

Table 14      Corning Incorporated Financial Overview

Table 15      Guardian Industries  Company Overview

Table 16      Guardian Industries  Financial Overview

Table 17      Saint-Gobain Vitro  Company Overview

Table 18      Saint-Gobain Vitro  Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Flat Glass Market size was estimated at USD 1.88 billion in 2023.
Ans: During the forecast period between 2024 and 2030, Saudi Arabia Flat Glass market size is expected to grow at a CAGR of 7.60% a value of USD 3.02 billion by 2030.
Ans: Major factors driving the growth of Saudi Arabia Flat Glass Market include rising construction and infrastructure development in Saudi Arabia and growing population and urbanization.
Ans: Key players in Saudi Arabia Flat Glass Market include Saudi Guardian International Float Glass Co., Obeikan Glass Company, Saudi American Glass Company, Al-Zamil Glass Industries, United Glass Company, Corning Incorporated, Guardian Industries, and Saint-Gobain Vitro.
Ans: The building & construction segment holds the largest market share in Saudi Arabia Flat Glass Market by end user industry.