U.S. Glass Products Market. Analysis And Forecast to 2025
Glass Product Market - Domestic Demand for the U.S. Glass Fuels the Industry
U.S. glass producers are to experience pressure from products that are used as glass substitutes, particularly in food packaging. Glass used in windows, doors and furniture will drive the demand in the medium term, boosted by a rebound in the U.S. residential housing market.
Glass products will continue to be highly traded, fueled by increasing domestic consumption and technological innovations in production. By 2020, U.S. exports will remain stable and will take approximately 20% from the production volume.
However, the pace of export growth is expected to slow down under the pressure from rising production costs and expanding domestic consumption.
China was the main supplier of glass products into the U.S., with a 46% share of total U.S. imports on the glass product market in 2014. The fastest growing suppliers were India (+20.6% per year) and China (+6.8% per year) in total imports from 2007 to 2014. China significantly strengthened its position in the U.S. import structure, from 33% in 2007 to 46% in 2014.
In 2014, the main destinations of U.S. glass product exports were Canada (23%) and Germany (22%). The shares exported to Mexico and China increased by +3 percentage points from 2007 to 2014, while the share sent to Canada illustrated negative dynamics (-10 percentage points).
Do you want to know more about the U.S. glass product market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- glass product market share
- glass product prices
- glass product industry
- glass product sales
- glass product market forecast
- glass product price forecast
- key glass product producers
Source: IndexBox AI Platform
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