The construction sector in Saudi Arabia has been expanding, driven by infrastructure development, urbanization, and government initiatives such as Vision 2030. Glass is extensively used in construction for windows, facades, partitions, and other architectural applications. The growing construction industry has been a major driver of the glass market in the country. The automotive sector in Saudi Arabia has been growing, with an increasing focus on local manufacturing and assembly. Glass is a critical component in automotive production, including windshields, windows, and sunroofs. The rising demand for automobiles has positively influenced the demand for automotive glass in the country.
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Data Bridge Market Research analyses that the Saudi Arabia Glass Market is expected to grow at a CAGR of 6.5% in the forecast period of 2023 to 2030 and is expected to reach USD 2,243.28 million by 2030. The expansion into emerging markets is projected to propel the market's growth as they create new opportunities for urological conditions.
Key Findings of the Study
Growing population and urbanization in Saudi Arabia are expected to drive the market's growth rate
The Saudi Arabian government has implemented various initiatives to stimulate economic growth and diversify the economy. For instance, Vision 2030, a strategic plan to reduce Saudi Arabia's dependence on oil, includes the development of the construction sector. These initiatives attract local and foreign investments, leading to increased construction activities and driving the demand for glass. Saudi Arabia has a rapidly growing population, coupled with increasing urbanization. This demographic trend creates a demand for housing and infrastructure, which fuels the growth of the construction sector and, consequently, the glass market. Saudi Arabia has been working towards developing its tourism and hospitality industry, including plans to boost the number of domestic and international visitors. This development requires the construction of hotels, resorts, shopping malls, and entertainment facilities, which extensively use glass for aesthetic and functional purposes.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2016 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in Million and Pricing in USD, Volumes in Thousand Square Meter
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Segments Covered
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By 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, and Others), Product (Coated and Uncoated), Function (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, and More than 12 mm), Application (Building And Construction, Automotive, Aerospace, Electronic Appliances, Solar Energy, Packaging, Furniture, and Others)
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Countries Covered
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Saudi Arabia
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Market Players Covered
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Guardian Industries (U.S.), IKK Group (Saudi Arabia), AGC Inc. (Japan), Al Saeed Glass Company (Saudi Arabia), Al Obeikan Glass Company (Saudi Arabia), Arabian United Float Glass Company. (Saudi Arabia), ARABIAN PROCESSING GLASS CO. (Saudi Arabia), Saint-Gobain (France), Zoujaj (Saudi Arabia), REGION GLASS FACTORY (Saudi Arabia), and Alma (Saudi Arabia) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Saudi Arabia glass market is segmented on the basis of type, product, function, thickness, and application.
- 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. In 2023. the float glass segment is expected to dominate the market with a market share of 16.35% and is expected grow with the highest CAGR of 9.3% in the forecast period of 2023-2030
In 2023, the float glass segment of type segment is anticipated to dominate the Saudi Arabia glass market.
In 2023, the float glass segment is expected to dominate the market due to rising automotive industry growth.
- Based on the product, the market is segmented into coated and uncoated. In 2023, the coated segment having a market share of 69.28% and is expected to dominate the market because of its wide applications in various industries
- Based on function, the market is segmented into UV filter glass, heat insulation glass, safety glazing, soundproofed glazing, Self-Cleaning Glass, ion exchange glass, and others.
In 2023, the UV filter glass segment of function segment is anticipated to dominate the Saudi Arabia glass market.
In 2023, the UV filter glass segment having a market share of 29.85% and is expected to dominate the market due to rising technological advancements in the glass industry.
- Based on 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. In 2023, the 4 mm having a market share of 20.85%, and the segment is expected to dominate the market due to its resistance to breakage or damage with better insulating properties
- Based on application, the market is segmented into building and construction, automotive, aerospace, electronic appliances, solar energy, packaging, furniture, and others. In 2023, the building and construction segment having a market share of 30.40%, is expected to dominate the market due to the increasing energy efficiency and sustainability in various fields, along with rising construction and infrastructure development in Saudi Arabia and increasing automotive industry growth
Major Players
Data Bridge Market Research recognizes the following companies as the major Saudi Arabia glass market players 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, Alma, and others.
Market Development
- 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
- In February 2023, AGC and Saint-Gobain, worldwide Flat glass manufacturers leading in sustainability, announced that they are collaborating on the design of a pilot breakthrough flat glass line that is expected to reduce its direct CO2 emissions vary significantly
- In June 2023, Saint-Gobain 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 January 2023, Guardian Glass (“Guardian”) and Vortex Glass (“Vortex”) have announced an agreement for Guardian to acquire the assets of Vortex, a Miami, Florida fabrication business. The transaction is expected to close. This has helped the company to expand their global presence
- In February 2022, Obeikan Glass holds 50% of the Saudi float glass market and focuses on new transformative industries. This has helped the company to expand its product portfolio in several industries
Regional Analysis
Geographically, the country covered in the market is Saudi Arabia.
As per Data Bridge Market Research analysis:
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