East Africa Flat Glass Market may exceed USD 235 million by 2024; according to a new research report.
Increasing building & construction spending driven by rising per capita income is the primary factor accelerating East Africa flat glass Market. These products are used in various construction applications such as commercial & residential buildings, apart from solar thermal power plants.
Government regulations to encourage smart & energy-efficient construction activities are likely to boost East Africa flat glass market demand. Regulations such as ASTM C1036-16 & C1349-10 specify the quality requirements for architectural glazing and security applications respectively. Moreover, regulation ASTM C1172-14 specifies the quality requirements of laminated products primarily used for architectural glazing. These regulations may stimulate high-quality supply and thus accelerate East Africa flat glass market demand.
Booming automotive industry driven by economic growth & integration is expected to fuel the East Africa flat glass Market. These products are used to manufacture several products such as windscreens, sun roofs and backlights in the automotive and transport industries. Rising government regulations related to these products in cars and trucks may further stimulate product demand.
Rising technical & energy requirements in the industry is driving up the production costs which may restrain growth of East Africa flat glass market. However, manufacturers inclination towards lowering their production costs along with minimizing environmental impact has led them to achieve energy savings in the region.
The product imparts exceptional hardness and strength compared to ordinary counterparts thereby increasing its suitability in construction applications such as table tops, shelves and building structures requiring high strength. The product breaks into comparatively smaller and blunt pieces which reduce chances of injury, thereby making it ideal for automotive windshields and increasing East Africa flat glass Market.
East Africa insulating flat glass Market may expect significant gains at over 5.5% in the forecast period. It tends to reduce heat transfer allowing the entry of bright light, thereby increasing its adoption in residential and commercial buildings. The products are coated with low e materials which further improves heat regulation and allows energy savings which may boost the product demand.
Kenya flat glass Market from new construction applications is likely to surpass USD 15 million in the forecast timeframe. Increasing number of key infrastructure projects in the country, and rising demand for residential buildings owing to rapid population growth may further stimulate the Market.
Ethiopia flat glass market demand from construction applications may surpass USD 65 million by 2024. New construction, rehousing projects for slum dwellers and rising demand for energy efficient windows in the region are primarily responsible for increased product demand. Moreover, increasing usage of these products for interior applications may stimulate product demand.
The market is significantly competitive and fragmented among several companies such as Canon Aluminium Fabricators, Empire, Impala and Aluminium City. Manufacturers prefer to increase production capacity and invest in technological upgradation to increase the Market.