GCC's glass industry ready for unprecedented growth

Date: 6 August 2013
Source: www.saudigazette.com.sa

Date: 6 August 2013

The GCC glass industry is witnessing a period of unprecedented growth driven by a significant acceleration in new construction and infrastructure projects announced by regional governments.

According to the UK-based Bowmedia Group's market intelligence report on the global glass industry trends released this week, the construction of new high-rise buildings will continue to fuel the main demand for flat glass products from the GCC, while across the globe, glass demand has been chiefly led by manufacturing, automotive & transportation, and packaging industries.The Bowmedia report states that international demand for flat glass is forecast to rise 7.1 percent per year through 2016 to reach 9.2 billion square meters, in a continuation of the trend seen over the past two decades.The global market value of fabricated flat glass is forecast to reach $90 billion in 2016, benefiting from the rapid growth of energy-efficient products such as solar control panels, insulation and low-E glass.

Read more here: www.saudigazette.com.sa
600450 GCC's glass industry ready for unprecedented growth glassonweb.com

See more news about:

UK

Others also read

MORE...

How Sternfenster Transforms Production with New High-Speed Glass Line from FOREL
How Sternfenster Transforms Production with New High-Speed Glass Line from FOREL
Sternfenster has installed its new Forel high-speed automatic glass line, promising increased output, greater accuracy, and will future-proof the trade fabricator for an expected increase in demand for triple glazing, according to the company.
British Glass Releases 2024 Policy Position Document
British Glass Releases 2024 Policy Position Document
British Glass releases policy position document outlining contributions and challenges of UK glass sector.
Government announces British Industry Supercharger to boost competitiveness and combat carbon leakage
Government announces Network Charging Compensation scheme to boost competitiveness and combat carbon leakage
Action is being taken by the UK government to empower its strategic energy intensive industries, including the glass manufacturing industry.
Glazing Summit: Call for speakers
Glazing Summit: Call for speakers
The Glazing Summit debates have been a huge draw since the event was launched – and organisers would like to know if you want to be a panellist at this year’s event.
Glazing Summit: Gala Dinner back for fifth year
Glazing Summit: Gala Dinner back for fifth year
The Glazing Summit’s return also sees the evening’s Gala Dinner return for its fifth year too – and tickets are now available.
Manchester PiGs sets the sty-le for 2023
Manchester PiGs sets the sty-le for 2023
Cheers, Chat, Connect is the PiGs theme for 2023 and the first event in Manchester on 23 February brought together more than 200 people from the glazing industry at Revolución de Cuba.

Add new comment