Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Clear Glass is a glass manufactured in the float line without any tint, allowing it to be transparent in nature. This transparent and clear finish ensures clarity of vision with true colours of the objects.
Rising Commercial & Residential Buildings are driving the market of the clear glass in Saudi Arabia
Saudi Arabia has made significant investments in commercial and residential construction, including smart cities. The growing population is leading to a rise in demand for residential and commercial buildings, which is augmenting demand for clear glasses across Saudi Arabia. Additionally, the short-term expansion of Saudi Arabia’s construction activities will be driven by a mixture of fiscal support and government policies supporting the housing industry in the country. Long-term growth would be primarily driven by the country's massive population, which necessitates continued investments in the residential building construction sector, creating a market opportunity for Saudi Arabia Clear Glass Manufacturers.Increase in the Infrastructural Development and Urbanization
The overall infrastructural development and urbanization are expected to drive the growth of the Saudi Arabia Clear Glass Market. The vast array of infrastructure projects across the hospitality, education, and healthcare segments, as well as affordable mass housing, will ensure the growth of the clear glass market across the country. Some of the recent government initiatives, such as Smart Cities Mission, are expected to provide a major boost to the Saudi Arabia Clear Glass Market in the upcoming years. In addition to this, growing urbanization in Saudi Arabia will boost demand for clear glass across the country.Rise in demand For renovation in residential and commercial sectors
The Saudi Arabia Clear Glass Market is very dynamic, as it is widely used in different applications such as doors, windows, glass partitions, wall cladding, handrails, balustrades, stairs, etc., where clear and transparent vision of the other side is required. Investors often prefer reinventing existing spaces rather than building new ones. Furthermore, residential, and commercial owners renovate their interior fitouts to keep them up to date with latest designs and trends. Such demand for space renovation is likely to drive the Saudi Arabia Clear Glass Market.Rising Government Incentive is Stimulating the Green Building Projects
Constructors are using clear glasses as a major component in the construction of green buildings, as clean glass is known to be an excellent green material. Clear windows reflect heat or UV rays to maintain an optimal temperature inside the building. Clear glass in buildings substantially reduce the need for artificial lighting and allows daylight to make the interiors airy and more open. Moreover, there is an upsurge in green building projects' investment. For instance, the Kingdom has rolled out over 300 green building projects. These makeup around 15% of all green building projects in the Middle East. As a result, government incentives are boosting green building projects across the country. However, the construction of energy-efficient green buildings will increase in the coming years, driving the clear glass market.Superior Aesthetics and High Demand for Safety Widen the Scope of Clear Glass
One of the driving factors of the Saudi Arabia Clear Glass Market is, customers are more likely to spend it on premium products, such as the use of clear glass in architecture and interior decoration. Constant technological progress is paving the way for the replacement of the traditional sheet and plate facilities due to the availability of enhanced safety elements, such as the incorporation of interlayer foil between sheets, which can hold it in place even during a breakage. Such properties are expected to bolster the growth of the Saudi Arabia Clear Glass Market in coming years. Furthermore, an increase in the use of glass assists in the higher transmission of light, reducing the heat gain for all architectural applications. This factor is anticipated to increase the use of clear glass in the architectural industry. Furthermore, there is a growing concern about the environment and global warming, which has facilitated the use of clear glass because it helps in achieving a Leadership in Energy and Environmental Design (LEED) certification for commercial and residential construction.Increasing Production of Solar Panels
The clear glass market is anticipated to grow over the next several years because of favourable government laws and the increasing penetration of solar panel installations. In Saudi Arabia, solar energy is the renewable energy source that is expanding the quickest. The rising demand for power and the falling cost of solar installations are the main factors behind solar energy's explosive rise. As a result, in the next years, the market for clear glass is anticipated to grow due to the increased need for solar energy. A significant contributing cause to the clear glass market's expansion throughout the years, in addition to the sharp rise in solar energy installations, is the growing use of glass architecture in both residential and non-residential applications.Growing Real Estate Sector
In Saudi Arabia, the growing real estate sector is strengthening the demand for clear glasses. The expansion of real estate sector is well supported by the expanding demand for office space, corporate environment, as well as urban and semi-urban accommodations. The sector has witnessed rapid growth in recent years with the increased demand for offices as well as residential spaces. Sectors such as IT, retail, consulting, and e-commerce has been in high demand for office space in recent years. As a result, R&D departments are constantly optimizing manufacturing efficiencies, improving existing product performance, and developing the next generation of clear glasses for new applications.Bolstering Automotive Industry
Automobiles use processed clear glass that has been heated and chemically treated (i.e., toughened glass). This toughening process makes the glass tougher and stronger, allowing it to withstand external stress. Clear glass offers beneficial properties such as protecting against harmful infrared rays, preventing excessive heating in the car, and reduction of noise. All these properties can be inculcated into the glass for maximum comfort while driving the vehicle. In the automotive industry, it is used for installations on the roof, side, window panels, and more. This factor will significantly increase the overall demand for automotive glass and propel the growth of the clear glass market across the country.Volatile Raw Material Prices is a Significant Challenge
In recent years, there has been an increase in the prices of raw materials that are used for clear glass manufacturing, such as iron oxide, soda ash, limestone, feldspar, and more, owing to which there is an increase in the price of clear glass as well. The naturally occurring soda ash is extracted from an ore known as trona. The excessive use of trona is hampering the production opportunities of soda ash. As trona ore is continuously getting depleted, which affects the manufacturing process of soda ash and thus causes a rise in price of the manufacturing process, and consequently the price of soda ash is increased. Thus, the cost of raw materials is constantly rising or fluctuating due to factors such as transportation and logistics, depletion of natural resources, and others, which is affecting the price of clear glass as well. As a result, the volatility and increase in prices of clear glass raw materials are expected to be a significant challenge for the clear glass manufacturers, which will hinder the market's growth.Cutting and Scheduling Problem
The elimination of wasted glass in clean glass manufacturing is a complex optimization problem that necessitates simultaneous consideration of cutting and sequencing. Therefore, due to the limitations of the glass-making process and the equipment involved, there are several operational constraints, which are acting as restraints for the Saudi Arabia Clear Glass Market.Market Segments
Saudi Arabia Clear Glass Market is segmented into technology, application, raw material, and region. Based on technology, the market is segmented into flat, rolled, and sheet. Based on applications, the market is segmented into residential and non-residential. Based on raw material, the market is segmented into sand, soda ash, recycled glass, dolomite, limestone, and others. Based on region, the market is segmented into northern, central, eastern, western, and southern.Market Players
Saudi Arabia Clear Glass Market players include Saint-Gobain S.A., Sisecam Group, Al Obeikan Glass Company, Saudi American Glass Company Limited, Glaston Corporation, Emirates Glass LLC, Corning Incorporated, Schott AG, Kingspan Group, Guardian Industries.Report Scope:
In this report, Saudi Arabia Clear Glass Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Saudi Arabia Clear Glass Market, By Technology:
- Flat
- Rolled
- Sheet
Saudi Arabia Clear Glass Market, By Application:
- Residential
- Non-Residential
Saudi Arabia Clear Glass Market, By Raw Material:
- Sand
- Soda Ash
- Recycled Glass
- Dolomite
- Limestone
- Others
Saudi Arabia Clear Glass Market, By Region:
- Central
- Western
- Eastern
- Southern
- Northern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Clear Glass Market.Available Customizations:
Saudi Arabia Clear Glass Market with the given market data, the publisher offers customizations according to a company’s specific needs.This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- Saint-Gobain S.A.
- Sisecam Group
- Al Obeikan Glass Company
- Saudi American Glass Company Limited
- Glaston Corporation
- Emirates Glass LLC
- Corning Incorporated
- Schott AG
- Kingspan Group
- Guardian Industries
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 84 |
Published | October 2023 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 265 Million |
Forecasted Market Value ( USD | $ 375.48 Million |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Saudi Arabia |
No. of Companies Mentioned | 10 |