The Gulf Cooperation Council region is concerned about the development of the external wall market, and the market value will increase by 50.7%.
A US-based Grand View Research research and consulting firm conducted a survey of the region's markets. The results show that the market value of the new glass curtain wall projects in the UAE, Saudi Arabia, Kuwait, Bahrain and Oman will increase by 50.7% from 2017 to 2025. The report was pre-released before the launch of the third edition of the special platform for the large doors and windows and exterior wall industry in the Middle East, and comprehensive analysis of market prospects and major trends.
Rebecca Lockwood, director of events at the Dubai Door and Window Show, said: "The growth rate of buildings in the Gulf Cooperation Council region is not new than the world average. However, the huge potential shown in the next seven years is expected for the doors and windows and the exterior industry. Extraordinary meaning."
In 2025, the total value of insulated glass curtain wall projects in Saudi Arabia, UAE, Kuwait, Oman and Bahrain will exceed $10.7 billion, and the total value of the door and window industry will reach $10.2 billion.
With a compound annual growth rate of 6.8%, Saudi Arabia has become one of the best performing markets, and its 2025 glass curtain wall project valuation is expected to reach 5.9 billion US dollars. In 2017, the UAE glass curtain wall project has a market capitalization of US$2.3 billion, and will also exceed US$3 billion by then, with a compound annual growth rate of 3.8% and a growth rate of 33.5%.
The gradual improvement of environmental protection regulations in the Gulf Cooperation Council area, such as the Dubai Smart City Initiative and the establishment of green regulations for architectural design specifications, are also the main drivers for the growth of the industry.
Lockwood further explained: “The new sustainability agenda, public policies and rising energy costs are driving positive changes in the industry. Suppliers are now more focused on technology and materials innovation to meet changing market demands.”
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