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Unprecendented Growth Forecast for Middle Eastern Glass Industry

Post Time:Aug 05,2013Classify:Industry NewsView:42

Accelerated development of new construction and infrastructure projects is driving glass industry growth for the Gulf Cooperation Council countries, according to an Aug. 4 Albawaba Business article. New high-rise construction continues to drive demand for flat glass within GCC countries, while manufacturing, automotive and transportation projects drive growth globally.

According to the UK-based Bowmedia Group’s market intelligence report on the global glass industry trends, 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-emissivity glass.

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Source: http://www.glassmagazine.com/news-item/commercial/unprecendented-growth-forecast-middle-eastern-glass-industry-1311542Author:

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