Glass Product Manufacturing in the US - Industry Market Research Report

Glass Product Manufacturing in the US - Industry Market Research Report

Glass Product Manufacturing in the US

The Glass Product Manufacturing industry consists of manufacturers that produce glass products used across the construction, manufacturing, agriculture, automotive, telecommunications, hospitality and household markets. New construction projects and consumer spending on food and beverages lifted the industry early over the past five years. As unemployment remained low and the industrial production index rose, demand for glass continued to rise in both the consumer and industrial markets for the industry. The outbreak of COVID-19 in 2020 caused this advantageous environment to reverse course, as consumer confidence plummeted and overall economic activity collapsed because of widespread lockdowns. In 2023, as economic uncertainty continues, manufacturers will face revenue loss. Overall, industry revenue has decreased an annualized 1.8% to $30.5 billion over the past five years, including a 2.2% decrease in 2023 alone.

Companies in this industry produce a wide range of glass products by melting silica sand or cullet and fabricating purchased glass. The industry includes four segments: flat glass manufacturing, including laminated glass; pressed or blown glass and glassware; glass container manufacturing, including bottles and jars; and product manufacturing from purchased glass, which includes lighting, mirrors, architectural glass and electronic glassware.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.