Saudi Arabia Flat Glass Market Future Prospects
The Saudi Arabian flat glass market will generate an estimated revenue of USD 2,709.7 million in 2024, which is expected to witness a CAGR of 4.7% during 2024–2030, to reach USD 3,575.8 million by 2030. The growth of the market is fueled by the rampant construction in the kingdom under Vision 2030, people’s rising disposable income, and growing role of glass in building aesthetics.
The country is drastically shifting its economy from being a leading oil exporter to becoming a global entertainment & leisure hub. The rapid development of high-end infrastructure to achieve these goals boosts the market value significantly.
The NEOM City project contains many individual construction projects, the biggest and most extravagant among which are The Line, Oxagon, Trojena, Sindalah, Leyja, and Siranna. Since they have been designed to look stunning, flat glass will be widely used for their façades.