Posted on :Wednesday , 24th April 2019
Favorable government & trade regulations accompanied by rising investments in infrastructure development, and rising population are the factors likely to accelerate construction growth majorly in Kenya, Ethiopia, Mozambique, Rwanda and Tanzania. The East Africa flat glass market growth is majorly driven by increasing development in the building & construction sector.
Because of tremendous increase in population East Africa flat glass market growth is stimulated further by the rising income levels, economic growth and developing automotive industry. As many established brands such as Toyota, Simba Colt and General Motors are expanding their sales network in the region Kenya automotive sales was over 11,500 vehicles in 2018 and is expected to increase .
Rising demand for windows, partitions, doors, floors, stairs, bathrooms and walkways is predicted to accelerate industry growth East Africa flat glass market from construction applications was valued at over USD 115 million in 2018. Owing to rise in infrastructure spending & favorable government schemes will fuel product demand and Increase in new residential construction projects.
Aftermarket automotive applications may witness significant gains close to 4.5% by the end of forecast period East Africa flat glass market demand will experience a rise. Owing to thereby reducing the possibility of injuries their safety properties of shattering into tiny fragments is highly protective. These products also find applications in vehicle roofs and backlite wrapping.In vehicle windscreens and side windows laminated and tempered products are highly used.
Rising investments from public and private sectors may create growth opportunities in the East Africa flat glass market sizeaccompanied with high economic growth. These products include laminated, tempered and insulating types, are highly versatile andcan be incorporated into windows, doors, table tops, handrails, skylights and greenhouses. Owing to increasing spending on interior refurbishments to accentuate the appeal and inclination towards modernization The furniture market in Kenya was valued at over USD 500 million in 2018 and is expected to grow significantly .
Coupled with upcoming infrastructure projects and supportive government initiatives may stimulate the product demand and increasing trend of energy efficient and smart buildings. The government is taking efforts to ensure that only Eurocode-complaint building materials will be allowed entry in the market by 2021. Insulating products used simultaneously with low-e-glass provides effective energy conservation and means to comply with building codes. The government policy is further expected to stimulate the East Africa flat glass industry growth.
East Africa flat glass market is significantly competitive and fragmented among multiple participants such as Kings Manufacturers Ltd, Hebatullah,Cadasp,Impala and Saint-Gobain. International manufacturers and regional market players are drawn to this market as a result of the rising demand for these products in the region owing to the presence of few domestic manufacturers and strong reliance on imports.