East Africa Flat Glass Market likely to register commendable gains from the construction industry

Global Market Insights, Inc., forecasts that East Africa flat glass market size will hit an annual valuation of over US$235 million by 2024, with increasing infrastructure investments and growing product utilization in the automotive sector.

Flat glass business space across the nations of East Africa, has garnered a massive momentum from the recent developments in the automotive industry wherein Nissan Motor- a leading automobile giant- had announced its plans of working towards making Africa a decent hub for LCVs (light commercial vehicles). Reports have it that the company is set to launch 7 new models in Africa over the next two years while looking forward to increasing the manufacture of its popular Navara pick-ups and open units in parts of Kenya and Ghana. This will apparently not only enhance the growth of the automotive industry in the East African region, post COVID-19 pandemic, but also create a profitable growth path for the East Africa flat glass market as the automotive industry is deemed to be one of the biggest end users of flat glass.

'Building' a green future

With construction being another profitable niche for the overall industry, it would be imperative to know that advancements in the sector would have an impeccable impact on the growth profile of East Africa flat glass market.

In mid-2015, UNEP announced the development of a new Sustainable Buildings and Construction (SBC) program. As per news sources, the program was launched in Kenya and Nairobi, with an aim of fostering a clearer understanding and appreciation of sustainable buildings, while also identifying the resources skills, and incentives required to construct, maintain and use them. An added-on advantage of this construction would be to contribute to the economic and social development of the communities in which they have been constructed.

With such a growing number of construction projects and programs going on in the economies of East Africa, the flat glass market across the region is poised to register phenomenal growth in the upcoming years, as it strives to achieve the increased demand for windows, floors, doors, stairs, and bathrooms.

The combination of a rapidly advancing economy, the emergence of a middle-class population with increased disposable incomes, and cooperation from trade bodies and governments have been noted in almost all of the nations that make up the East Africa continent. While this has fascinated investors to focus and spend a major share on property and building construction for commercial and residential purposes, it has also enabled notable automakers including Nissan, Volkswagen to raise pledges to transform the continent's image in the global automotive business space.