Press release
Middle-East and Africa Flat Glass Market 2020 Precise Outlook - AGC Inc., Saint-Gobain, SCHOTT AG, Corning Incorporated, PPG Industries Inc
The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Flat Glass production region, major players, and product type which will provide a simplified view of the Flat Glass industry. The Flat Glass market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Flat Glass market which will help the emerging market segments in making vital business decisions.The Middle East & African flat glass market is expected to register a healthy CAGR of over 6% during the forecast period.
Flat Glass Market Segmentation:
This report on Middle-East And Africa Flat Glass market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Flat Glass. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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https://www.marketinsightsreports.com/reports/04061951374/middle-east-and-africa-flat-glass-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=11
Middle-East And Africa Flat Glass market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including AGC Inc., Saint-Gobain, SCHOTT AG, Corning Incorporated, PPG Industries Inc., Phoenicia, Koch Industries, Inc., Nippon Sheet Glass Co. Ltd, Kaveh Glass Group, Ghazvin Glass Co., amongst others.
Construction End-user Vertical to Account for the Largest Share
- Construction is the largest end-user segment of the market studied. Similar to most of the oil-based economies around the world, most of the Middle East & African economies were also severely hit by the low crude oil price situation, during the past four years.
- As a result, several residential and commercial construction works have been restrained, leading to a high number of backlogs, in recent years. The situation worsened further when the Organization of the Petroleum Exporting Countries (OPEC) decided to initiate production cuts, which influenced the demand for flat glass equipment, such as protective glass, which are in high demand, from the construction vehicles involved in the operations.
- Additionally, the demand for flat glass, especially the insulated variants, which are of high demand in the commercial construction sector, witnessed a decline, over the past few years. This can be attributed to the slowdown of the domestic construction sector. Even countries, like Saudi Arabia and the United Arab Emirates, faced all-time low occupancy rates in office buildings and commercial places.
United Arab Emirates is Expected to Witness the Highest Growth
- The United Arab Emirates remains a fastest growing construction market in the GCC and is on track to deliver lead up to Expo 2020, with steadily improving demand from the region's building sector. The Dubai government has set aside a budget of AED 11.886 billion (USD 3.2 billion), for infrastructure projects. An estimated AED 5 billion has been allocated for Expo 2020 alone.
- Governments across the Middle East are rolling out robust initiatives to diversify their economies and shift from their reliance on oil to renewable energies, especially solar energy. These initiatives are also expected to bolster the growth of the market studied over the forecast period.
- According to the new regulations enforced by the Emirate's Municipality and Planning Department, the residences in Ajman city require a green permit, ahead of their construction.
Browse full report at:
https://www.marketinsightsreports.com/reports/04061951374/middle-east-and-africa-flat-glass-market-growth-trends-and-forecast-2020-2025?Mode=11
This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Flat Glass market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.
Key Points of this Report
• Impact of low unit costs, diversified product ranges and intense competition on the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Regional analysis of the market
• Identifying the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Contact US:
Irfan Tamboli (Head of Sales): Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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