Ceramic Industry News / Glass / Market Trends

Short-Term Growth Expected for Glass Product Manufacturing in Canada

Over the past five years, the glass product manufacturing industry in Canada has declined as both consumers and businesses have increasingly turned away from the use of domestic glass. Substitute goods such as plastics and metals have become more popular, and faltering construction levels have exacerbated declines in demand during the start of the five-year period. Furthermore, the industry has been exposed to an intensifying level of globalization, including increasing import activity and decreasing export demand. Imports have grown to account for the vast majority of domestic demand.
IBISWorld estimates that 67.7% of domestic demand will come from imports in 2014, with the industry's largest trade partners being the U.S., China, Mexico and Germany. As a result, industry revenue is estimated to decline at an average annual rate of 3.3% to $1.5 billion over the five years to 2014. Conditions are expected to improve slightly in 2014 because of increasing construction and consumer spending in the U.S. and Canada. Consequently, revenue is projected to grow 1.1% in 2014.
According to IBISWorld industry analyst Jeremy Edwards, “Falling industry profitability and the rising prominence of imported goods have encouraged many companies to exit the industry entirely.” In addition, major companies have consolidated their operations by purchasing smaller operators. As a result, the number of industry enterprises is projected to fall an annualized 1.4% to 543 over the five-year period.
The industry is expected to enjoy short-term growth due to a burgeoning construction sector in the U.S., which is the industry's key export partner. In addition, improving construction in Canada will help drive new growth for glass products. Nonetheless, revenue is expected to resume falling in 2016. “As downstream customers continue to use more affordable substitute goods, demand for industry goods will continue to suffer,” said Edwards. 
For more information, visit www.ibisworld.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

June 2015 ceramic industry

2015 June

This issue features our first annual Supplier of the Year Awards. Be sure to check it out!
Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!