GCC Fire Clay Market Size, Share, Trends | Global Industry Report
GCC Fire Clay Market
The GCC Fire Clay Market is estimated to grow at a significant CAGR over the forecast period (2019-2026).
The factors driving the growth of GCC Fire Clay Market rapid growth in the construction activities in the Gulf Countries, rise in the number of power plants and increasing application of fire clay in protecting shields used by firefighters, pottery kilns-blast, boiler, and chimney linings. According to the report published by Statista, the total value of construction awards in the Untied Arab Emirates has increased from USD 61.07 billion in 2017 to reach 64.03 billion in 2018, which is expected to create GCC Fire Clay Market Opportunities in the approaching years. Moreover, the increasing Government expenditure to build mega city projects, technological advancements in fire clay, rising investments by leading players on research and development and rapid urbanization, are some of the additional factors supplementing the market growth. As per The Times of India, the Government of Saudi Arabia is planning to invest USD 500 billion on Neom Project, which will vertically contain homes, schools’ offices, public parks in a stretch of 170 km (150 miles).
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However, high production cost of fire clays is anticipated to restrict the growth of Fire Clay Market in GCC countries.
The prominent players operating in the market are Xinyi Glass Holdings Limited, Nippon Sheet Glass Co., Ltd, Obeikan Glass Company, Emirates Glass L.L.C., SCHOTT AG, Gulf Glass Industries, Saint-Gobain S.A., Guardian Industries, Burhani Glass Factory L.L.C. and A.G.C. Inc., among others.
Product: Segment Analysis
Based on Product, the Plastic Fire Clay segment is expected to grow at a remarkable CAGR during the forecast period attributed to its increasing application in construction sector and metalworking industries.
Application: Segment Analysis
As per the GCC Fire Clay Market Research, the Commercial segment is predicted to expand at a robust CAGR over the forecast period attributed to rise in the number of construction projects across the Middle East.
Countries: Segment Analysis
Based on Countries, United Arab Emirates is anticipated to capture a sizeable market share during the forecast period. The rise in the number of smart cities, rapid growth in the construction activities, availability of huge reserves of crude oil and natural gas, presence of the leading players such as Emirates Glass L.L.C. and Gulf Glass Industries, and rapid industrialization, are some of the important factors augmenting the market growth.
Market Segmentation
Segmentation by Product
Flint
Semi-Flint
Semi-Plastic Fire
Plastic Fire Clay
Segmentation by Application
Residential
Commercial
Industrial
Segmentation by Countries
A.E. All-Up Fire Clay Market
Saudi Arabia All-Up Fire Clay Market
Oman All-Up Fire Clay Market
Kuwait All-Up Fire Clay Market
Rest of GCC All-Up Fire Clay Market
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