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    Glass & Glass Product Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 3/15/2021
    SIC Codes: 3211, 3221, 3229, 3231
    NAICS Codes: 3272
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Glass & Glass Product Manufacturing Industry Profile

    Companies in this industry manufacture glass and glass products, including glass containers, flat glass, fiberglass, and specialty glass products. Major companies include Corning, Guardian Industries, and Owens-Illinois (all based in the US) as well as AGC (Japan), Compagnie de Saint-Gobain (France), Fuyao Glass Industry Group (China), and SCHOTT (Germany).

    Global demand for fabricated flat glass is growing and is expected to reach about $140 billion in 2023, according to Statista. Top exporters include China, Germany, the US, France, and Japan.

    The US glass and glass product manufacturing industry includes about 1,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of $26 billion.

    Most companies in the industry manufacture products from bulk glass bought from a handful of primary glass manufacturers. Production of optical fiber from glass is included in the industry; use of that fiber to produce fiber optic cable is not.

    COMPETITIVE LANDSCAPE

    Demand comes mainly from the construction, auto, bottling, and container industries. The profitability of individual companies depends on efficient operations, because most products are commodities that are bought based on price. Large manufacturers enjoy significant economies of scale in operations, which is why the industry is so concentrated. Small manufacturers can compete effectively by producing specialty products or serving a local market. The US industry is highly concentrated: the 50 largest companies account for about 80% of revenue.

    Imports of glass and glass products account ...

     
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