Report : Middle East & Africa Architectural Glass Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Tempered Glass, Annealed Glass, Laminated Glass, and Others), Application (Hurricane Impact, Ballustrades/Glass Railings, Overhead and Canopies, Security/Bullet Resistant Glass, Acoustics, Decorative/Colored Glass, Structural Facades, and Others)
At 4.1% CAGR, the Middle East & Africa Architectural Glass Market is speculated to be worth US$ 5,493.73 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa architectural glass market was valued at US$ 4,311.21 million in 2022 and is expected to reach US$ 5,493.73 million by 2028, registering a CAGR of 4.1% from 2022 to 2028. Adoption of growth strategies by manufacturers and growing demand for colored and printed glass are the critical factors attributed to the Middle East & Africa architectural glass market expansion.
The Middle East & Africa architectural glass market is growing with an upward trend, and manufacturers are making significant investments in research & development, partnerships, and collaborations to launch innovative products to tap into emerging market opportunities. Market players focus on providing innovative products in response to an ever-increasing demand for architectural glass. For instance, in July 2019, Şişecam launched its new product, Şişecam Extra Strong Laminated Glass, with improved security performance level. It combines two or more glass panels with a more robust and durable special binding agency extra stiff polyvinyl butyral (PVB) interlayer under heat and pressure. The company hopes to gain a stronghold on the market with this launch. Such product launches are expected to drive the market in the coming years. Furthermore, architectural glass manufacturers are expanding their businesses through collaboration, mergers & acquisitions, and expansion strategies. Moreover, manufacturers are investing in new technologies for glass production to cater to customers' requirements for good quality glass. Such strategic initiatives aim to offer greater availability of value-added products. Such strategic initiatives are expected to open new opportunities in the Middle East & Africa architectural glass market over the forecast period.
On the contrary, pollution caused during glass manufacturing hurdles the growth of Middle East & Africa architectural glass market.
Based on type, the Middle East & Africa architectural glass market is segmented into tempered glass, annealed glass, laminated glass, and others. The laminated glass segment held 45.7% share of Middle East & Africa Architectural Glass Market in 2022, amassing US$ 1,970.12 million. It is projected to garner US$ 2,581.67 million by 2028 to expand at 4.6% CAGR during 2022–2028.
Based on application, the Middle East & Africa architectural glass market is segmented into hurricane impact, ballustrades/glass railings, overhead and canopies, security/bullet resistant glass, acoustics, decorative/colored glass, structural facades, and others. The structural facades segment held 35.0% share of Middle East & Africa Architectural Glass Market in 2022, amassing US$ 1,509.57 million. It is projected to garner US$ 1,951.02 million by 2028 to expand at 4.4% CAGR during 2022–2028.
Based on country, the Middle East & Africa architectural glass market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 57.1% share of Middle East & Africa architectural glass market in 2022. It was assessed at US$ 2,461.50 million in 2022 and is likely to hit US$ 3,071.42 million by 2028, exhibiting a CAGR of 3.8% during the forecast period.
Key players profiles in the Middle East & Africa Architectural Glass Market report are AGC Inc; Asahi India Glass Ltd; Compagnie de Saint-Gobain SA; Guardian Industries Holdings LLC; Nippon Sheet Glass Co Ltd; Schott AG; Turkiye Sise ve Cam Fabrikalari AS; and Jinjing (Group) Co Ltd, among others.
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