Marché du verre en Arabie saoudite – Tendances et prévisions de l’industrie jusqu’en 2030

Analyse et taille du marché du verre en Arabie saoudite

Le marché englobe une large gamme de produits verriers, notamment le verre plat, le verre d'emballage, la fibre de verre et le verre spécial. Le verre plat , qui est utilisé dans la construction, l'automobile et d'autres industries, détient une part importante du marché.

Les principaux facteurs qui devraient stimuler la croissance du marché sont l'augmentation du développement de la construction et des infrastructures en Arabie saoudite, ainsi que la croissance de la population et de l'urbanisation en Arabie saoudite. En outre, la croissance croissante de l'industrie automobile devrait stimuler la croissance du marché. Cependant, le manque de disponibilité des matières premières et les fluctuations des prix des matières premières pourraient entraver la croissance du marché.

Data Bridge Market Research estime que le marché saoudien du verre devrait atteindre la valeur de 2 243,28 millions USD d'ici 2030, à un TCAC de 6,5 % au cours de la période de prévision. Ce rapport de marché couvre également en profondeur l'analyse des prix et les avancées technologiques.

Définition du marché

Saudi Arabia glass market refers to the industry and trade related to the production, distribution, and consumption of glass products within the Kingdom of Saudi Arabia. Glass is a versatile material with numerous applications across various sectors, including construction, automotive, packaging, electronics, and household goods.

The market encompasses the manufacturing of different types of glass products, such as flat glass (including float glass, tempered glass, and laminated glass), container glass (bottles, jars, and containers), fiberglass, specialty glass (such as solar glass, bullet-resistant glass, and fire-resistant glass), and other glassware items.

The market includes local glass manufacturing companies in Saudi Arabia and imported glass products from international manufacturers. It involves glass production facilities, distribution networks, wholesalers, retailers, and end consumers.

Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

DRIVERS

Rising construction and infrastructure development in Saudi Arabia

Saudi Arabia has been experiencing significant growth and development in the construction and infrastructure sectors in recent years. The government has been actively investing in various projects to diversify the economy and support the country's long-term vision for development, known as Vision 2030.

Saudi Arabia embraces smart city initiatives to enhance livability, sustainability, and efficiency. For instance, the King Salman Energy Park (SPARK) aims to create an integrated city focused on energy-related industries. It will provide various services and infrastructure to support the oil, gas, and petrochemical sectors.

Thus these infrastructure developments reflect Saudi Arabia's ambition to attract foreign investment, promote tourism, create job opportunities, and improve the quality of life for its citizens.

For instance,

• In February 2023, according to information given in BQ prime, Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. The site covers an area of more than 10,000 square miles, about the same size as Massachusetts. And it could cost USD 500 billion to complete

• In March 2023, according to the information provided in Siasat Daily, the Riyadh Metro project is to be completed by the end of 2023. It is the largest public transport network giant project in the world, and the project features a length of approximately 176 km of railway lines on which electric trains operate without drivers. In addition, 40% of the train track will be underground, allowing the continuation of transport movement in its natural form

Overall, Saudi Arabia's construction and infrastructure development initiatives are part of its broader plan, which is expected to drive market growth.

Growing population and urbanization in Saudi Arabia

Saudi Arabia has experienced significant population growth and urbanization in recent decades. The high birth rate and improvements in healthcare and living conditions have contributed to population expansion. Economic development and opportunities have attracted people from rural areas within Saudi Arabia and other countries.

For instance,

• In May 2023, according to the information provided by Arab News, the population of Saudi Arabia reached 32.2 million, statistics from the 2022 census released by the General Authority for Statistics on Wednesday revealed. Of the total number, Saudis made up 18.8 million people (58.4%), while non-Saudis accounted for 13.4 million, or 41.6%of the population
• In May 2023, according to the information provided by Statista, the share of the urban population in Saudi Arabia remained nearly unchanged at around 84.51%. Still, the percentage reached its highest value in the observed period in 2021

Thus, more people move to cities and towns, and there is a growing need for housing, commercial spaces, and public infrastructure. This trend fuels the demand for glass products in the construction industry for automotive glass, mirrors, and household glassware, which is expected to drive market growth.

OPPORTUNITY

Export potential

Saudi Arabia has been investing heavily in infrastructure development, including the construction of commercial buildings, residential complexes, and industrial facilities. The demand for glass products, including flat glass, processed glass, and specialty glass, is rising to cater to these construction projects.

Furthermore, Saudi Arabia is also witnessing growth in the automotive, energy, and packaging sectors, which require glass products. The automotive sector, in particular, is experiencing significant growth, and the demand for automotive glass is expected to increase.

For instance,

• In 2021, Saudi Arabia exported USD 155 million in Blown Glass, making it the world's 2nd largest exporter of Blown Glass. In the same year, Blown Glass was the 79th most exported product in Saudi Arabia

Thus, the market has significant export potential due to the country's growing construction industry, government support, availability of raw materials, and strategic location, which is expected to create opportunities for market growth.

RESTRAINT / CHALLENGE

Lack of availability of raw materials/fluctuating raw material prices

The cost of raw materials used in glass production, such as silica sand, soda ash, limestone, and natural gas, can be volatile. Fluctuations in raw material prices can impact the profitability of glass manufacturers, making it challenging to maintain stable pricing and margins.

Shortage of raw materials in Saudi Arabia glass market could be due to a range of factors, such as disruptions in the global supply chain, fluctuations in raw material prices, or changes in government regulations or policies affecting the industry.

For instance,

• In 2023, according to the information published in Arab News, the raw material prices are getting higher, although they are available in the Saudi market at fair prices

Fluctuations in raw material prices make it challenging for glass manufacturers to plan and forecast accurately. Rapid price changes can disrupt budgeting, pricing strategies, and long-term business planning. This uncertainty can make it difficult for companies to make informed decisions and investments, hindering their growth and stability.

Thus, the lack of availability of raw materials or fluctuating raw material prices is expected to restrain the market.

Recent Developments

• In June 2023, In June, Saint-Gobain announces announced that it has entered into a definitive agreement for the acquisition of Building Products of Canada Corp. (“Building Products of Canada”), a privately owned manufacturer of residential roofing shingles and wood fiber insulation panels in Canada, for C dollars1,325 million (approximately Euros 925 million) in cash. This has helped the company to expand its global presence
• In May 2023, AGC Inc. decided to discontinue the production of LCD glass substrate products at the Kansai plant (Takasago Factory), located in Hyogo prefecture, by the end of 2023. This company decision act as part of measures to improve the profitability of this business

Saudi Arabia Glass Market Scope

Saudi Arabia glass market is segmented into five notable segments based on type, product, function, thickness, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

Type

• Float Glass
• Architectural Glass
• Cast Glass, Blown Glass
• Clear Glass
• Tinted Glass
• Patterned Glass Or Textured Glass
• Wired Glass
• Extra Clear Glass
• Special Glass
• Security Glass
• Glass Containers
• Others

On the basis of type, the market is segmented into float glass, architectural glass, cast glass, blown glass, clear glass, tinted glass, patterned glass or textured glass, wired glass, extra clear glass, special glass, security glass, glass containers, and others.

Product

• Coated
• Uncoated

On the basis of product, the market is segmented into coated and uncoated.

Function

• Mobile based
• Web based

On the basis of function, the market is segmented into UV filter glass, heat insulation glass, safety glazing, soundproofed glazing, self-cleaning glass, ion exchange glass, and others.

Thickness

• 4 mm
• 5 mm
• 6 mm
• 8 mm
• 2 mm
• 3 mm
• 10 mm
• 12 mm
• More than 12 mm

On the basis of thickness, the market is segmented into 4 mm, 5 mm, 6 mm, 8 mm, 2 mm, 3 mm, 10 mm, 12 mm, and more than 12 mm.

Application

• Building And Construction
• Automobile
• Aérospatial
• Appareils électroniques
• Énergie solaire
• Conditionnement
• Meubles
• Autres

Sur la base des applications, le marché est segmenté en bâtiment et construction, automobile, aérospatiale, appareils électroniques, énergie solaire, emballage, mobilier et autres.

Analyse/perspectives régionales du marché du verre en Arabie saoudite

Le marché du verre d’Arabie saoudite est analysé et des informations sur la taille et les tendances du marché sont fournies par pays, type, produit, fonction, épaisseur et application comme référencé ci-dessus.

Le pays couvert par le rapport sur le marché du verre en Arabie saoudite est l’Arabie saoudite.

La section par pays du rapport fournit également des facteurs individuels ayant un impact sur le marché et des changements dans la réglementation du marché qui ont un impact sur les tendances actuelles et futures du marché. Des points de données tels que l'analyse de la chaîne de valeur en aval et en amont, les tendances techniques, l'analyse des cinq forces de Porter et les études de cas sont quelques-uns des indicateurs utilisés pour prévoir le scénario de marché pour les différents pays. En outre, la présence et la disponibilité des marques mondiales et les défis auxquels elles sont confrontées en raison de la concurrence importante ou rare des marques locales et nationales, l'impact des tarifs nationaux et les routes commerciales sont pris en compte lors de l'analyse prévisionnelle des données nationales.

Analyse du paysage concurrentiel et des parts de marché du verre en Arabie saoudite

Le paysage concurrentiel du marché du verre en Arabie saoudite fournit des détails sur le concurrent. Les détails inclus sont la présentation de l'entreprise, les finances de l'entreprise, les revenus générés, le potentiel du marché, les nouvelles initiatives du marché, la présence mondiale, les sites et installations de production, les capacités de production, les forces et les faiblesses de l'entreprise, le lancement du produit, la largeur et l'étendue du produit et la domination de l'application. Les points de données ci-dessus fournis ne concernent que l'orientation des entreprises par rapport au marché.

Certains des principaux acteurs du marché opérant sur le marché du verre en Arabie saoudite sont Guardian Industries, IKK Group, AGC Inc., Al Saeed Glass Company, Al Obeikan Glass Company, Arabian United Float Glass Company, ARABIAN PROCESSING GLASS CO., Saint-Gobain, Zoujaj, REGION GLASS FACTORY et Alma, entre autres.

SKU-70186