Industry Analysis & Industry Trends
Domestic glass manufacturers will continue to feel the pressure from substitute products replacing glass in many functions, particularly for food packaging. Furthermore, despite economic recovery, demand for glass used in automobiles will be limited by strong import competition in the next five years. On the bright side, a rebound in the residential housing market will boost demand for glass products used in windows, doors and furniture... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Glass Product Manufacturing industry is in a declining stage of its life cycle. In the 10 years to 2019, this industry's value added (IVA), which measures the industry's contribution to the economy, is projected to increase at an annualized rate of 1.4%. In comparison, GDP is forecast to rise at an average annual rate of 2.5% during this same period.
The industry's principal downstream markets (building, beverages and automotive manufacturers) are expected to expand in line with total US economy. However, the Glass Product Manufacturing industry is losing market share, thanks to import penetration and product substitution... purchase to read more