Since 2000, the real estate market in the
Middle East had been flourishing, supported by the comprehensive factors
including high oil price, liquidity surplus
and the increase of per capita disposable income. After falling into stagnation
under the impact of financial crisis in 2008, the real estate market in the
Middle East (especially the most severely-hit Dubai and Abu Dhabi) has been
slowly recovering, while the real estate markets in countries such as Kuwait
and Saudi Arabia have been growing relatively rapidly,Terracotta Baguette as the EU and US
economies are recovering.
Benefiting from the recovery of the real
estate in the Middle East, the market of buildings’ exterior wall cladding
materials has perked up. In recent years, many professional manufacturers have
hinted at efforts to grasp market shares in the region. However, from the
overall market situation, the level of
Terracotta Panel consumption is still
low, mainly restricted by the following two factors:
1. From the current consumption status of
buildings’ exterior wall cladding materials in the Middle East, the mainstream
Terracotta Sunscreen is calcined from natural
clay that is environment-friendly and has some “green” features such as
temperature-preservation, frost-resistance and sound-proofing. In addition,
terracotta panel has different color options and good texture . It is
increasingly loved by designers.
terracotta panel appeared one after another in Asian countries such as Vietnam
and China, the cost-effective terracotta panel from those countries gradually
drew the attention of construction companies and real estate developers in the
Middle East. In 2013, LOPO China won the bidding of a project with an area of
approximately 10,000 square meters in Kuwait. “Although a relative big quantity
of terracotta panel is demanded by the project, its sales price has been
brought down to a very low level.” as the responsible person from LOPO China said.
installation of terracotta panel requires special installation system and
specific technology. Traditionally there are many professional installation
companies for curtain wall projects in the Middle East. This helps clear the
way for promoting the application of terracotta panel.
terracotta panel still has relative promising prospect in the Middle East as
the promotion and application cases of terracotta panel
continue to increase.