Egypt Flat Glass Market

Egypt Flat Glass Market Overview

Flat glass is the plain sheet glass, which is used in windows, glass doors, transparent walls, and windscreens. It possesses a high intensity of light transmission, outstanding chemical inertness, and produces a range of opacities and colors. The Egypt flat glass market covers product types such as basic, tempered, laminated, insulated, and others.

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Major Egypt Flat Glass Market Drivers

One of the major factors that is contributing to the growth of the Flat Glass market share in Egypt includes the expansion of the construction and infrastructural development in the country. The construction sector in this country is growing due to the increasing number of investments related to residential, and energy projects. The government in planning is increasing the share of sustainable power source in the country’s total energy from 3.0% in 2016 to 20% in 2022 and 37% by the end of 2035. In addition to this, the European Investment Bank (EIB) has given a credit of USD 212.3 million to support the development of public transport. The government is planning to build a new capital city to the East of the Cairo in order to have advancement in financial development, creating employment, and attracting FDI’s in the country. All these factors are helping the construction and infrastructure development to grow, thus surging the market growth.

Restraints in the Egypt Flat Glass Market

On the other hand, the fluctuations in the prices of raw materials and the inadequate logistics services in the supply chain will hinder the market growth.

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There has been an increase in the demand for laminated glass due to the increasing infrastructural and construction projects in the country. This type of flat glass is used in exterior and interior doors and window planes of the flying projectiles, which are safe to use, offer protection against UV radiation and more durable.

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The government is focusing on developing green buildings to balance environmental sustainability and energy saving. In 2020, the Egyptian government finalized its plan to launch the country’s first green bonds to offer financial incentives with an aim to support sustainable developments. The government body has formed the Egypt Green Building Council, which has an aim to lead community transformation for Egypt and to become a beacon of sustainability and green buildings. In addition to this, the depletion of renewable resources, environmental concerns, and the significant reduction in the cost of solar installations are surging the growth of the market. The end-users are becoming aware of the benefits provided by energy-saving products to save electricity and decrease the cost of air-conditioning in the residential and commercial premises is further surging the growth of the flat glass market size in Egypt.

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