Demand for Automotive Glass Products Remains Weak
Rob Houglum ZIPGlassNetwork.com Wednesday, April 25, 2012
The glass product producing industry in the U.S. Is guessed to grow two % in 2012-2017, according to a report titled Glass Product Producing in the U.S. From IBISWorld in Santa Monica, Calif. However , the clamor for automotive glass products has been weak, as the volume of U.S. Automotive production went down at a standard rate of 18.4 % each year between 2007 and 2010.
According to the report, the automotive glass industry is responsible for fifteen % of glass demand and the industry has seen more glass in automobiles due to advanced technology and designs. Expectancies for 2012 include a 2 percentage rise in consumer expenditure toward a spread of products like cars. The report does still state that there is feeble demand for automobile glass products and with product substitution and import penetration, industry enlargement will be restrained.
Glass industry sales have reduced since the late 1990s, but increased in the mid-2000s. Accordingly, money is anticipated to go down an average of 1.6 percent over the years 2007-2012. In 2012, the glass product producing industry in the U.S, incorporating 1,739 businesses, is expected to post $22.7 bln in income and $2.1 bn. in profits.
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