Industry Analysis & Industry Trends
Over the past five years, the Glass Product Manufacturing industry has declined as both consumers and businesses have turned away from the use of domestic glass. Substitute goods, such as plastics and metals, have become increasingly popular, and faltering construction levels have exacerbated declines in demand as manufacturers of architectural glass experienced plummeting sales. Over the five years to 2020, industry revenue forecast to fall further as international competition intensifies and constrains industry growth... purchase to read more
Industry Report - Industry Products Chapter
Glass products made from purchased glass
Glass products made from already-manufactured glass are the largest single industry product segment, generating an estimated 64.4% of industry revenue in 2015. This includes the production of mirrors, optical glass fibre, data transmission glass, glassware, glass containers and other products made from purchased glass.
This segment has grown as a proportion of industry revenue over the past five years because it includes the manufacture of products made of glass that is produced overseas and purchased by local operators. Furthermore, demand for optical glass fibre and other data transmission glass has risen in the past five years because of the increasing prevalence of digital systems... purchase to read more