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 Key Buyers Chapter
The Glass Product Manufacturing industry has low to moderate concentration. Over the past decade, concentration has increased due to industry restructuring and merger activity. In addition, multiple smaller firms exited or were acquired by larger companies during the economic crisis. The four largest industry players, according to IBISWorld estimates account for more than 25.0% of industry revenue in 2014.
In the five years to 2014, the total number of industry firms is projected to decrease at an annualized rate of 0.3% to 4,507 enterprises. In the next five years, industry concentration is expected to continue, as consolidation will remain the solution for many firms who seek a reduction in purchasing costs through achieving economies of scale... purchase to read more