FINANCIAL NEWS

Qatar’s glass market estimated to be USD195m in 2015

20 Feb 2017

(MENAFN) According to the latest report by Qatar Development Bank (QDB), Qatar’s market size for glass and glass products was estimated to be QR 711m (USD195m) in 2015, as flat glass and its products are primarily used in the construction sector, and it accounts for 50% of the total market size for glass products.

Also, the report showed that fiber glass which is used in the production of GRP and FRP pipes, storage tanks, decorative items, manhole linings and pleasure boats, accounted for 28% of the market size.

However, results of the study showed also that 13 domestic companies currently operate in the glass and glass products sector, all of them in the flat glass processing segment, while the cumulative gross value added by these companies was QR72m in 2015.

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MENAFN2002201700450000ID1095255884

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