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Released July 20, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic had a decidedly mixed effect on the U.S. glass-manufacturing sector: Demand soared for products related to food and beverage packaging and home appliances as more Americans cooked at home, but plummeted for construction- and automotive-related fiberglass. But a variety of indicators point to a broad recovery for the sector this year. Industrial Info is tracking about $2 billion in capital-spending projects related to glass production across the U.S. that have a medium (70% to 80%) to high (81% to 99%) likelihood of beginning construction as scheduled.
Click on the image at right for a graph detailing the top 10 companies across the U.S. for related glass-production projects, by investment value.
As automotive companies reopen manufacturing facilities and resuscitate the supply chain, the increased application of fiberglass composites in vehicles and auto parts will drive growth in the overall fiberglass market growth in the coming years, according to a recent report from Fortune Business Insights. Fuyao Glass Industry Group Company Limited (Fuzhou, China) is considering an expansion of its automotive glass plant in Moraine, Ohio, which would house a new fabrication line, as well as research and development facilities. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a detailed project report.
Other high-value fiberglass projects proposed across the U.S. include Jushi Group Company Limited's (Tongxiang, China) expansion of its fiberglass reinforcements and fabric manufacturing plant in Columbia, South Carolina, which would add 80,000-ton-per-year textile fiberglass and 40,000-ton-per-year specialty glass production lines to the facility. Subscribers can learn more from Industrial Info's project report.
The Food & Beverage Industry, particularly beverage packaging, will account for more than half of the market share for glass bottles over the next decade, according to a recent report from Future Market Insights (Dubai, United Arab Emirates). The report predicted a variety of environmental policies across the U.S., such as bans on single-use plastics, will be a boon to domestic glass bottle sales. At the same time, the U.S. glass bottle-production industry has been losing ground to China, as inexpensive imports of items such as wine bottles have clobbered domestic production over the past 15 or so years, according to trade industry data.
Gallo Glass Company (Modesto, California) is considering a series of glass furnace rebuilds at its wine bottle-manufacturing plant in Modesto, California, one of the largest in the nation. Gallo's proposed upgrades would extend the operational lives and improve efficiencies at four furnaces, which contribute to the facility's 500,000-ton-per-year output. If approved, at least one of the rebuilds could kick off as early as next year, but others might not begin until much later in the decade. Subscribers can learn more from Industrial Info's detailed project reports on Furnace 1, Furnace 2, Furnace 3 and Furnace 4.
Ardagh Group (NYSE:ARD) (Luxembourg, Luxembourg), one of the world's largest glass-packaging companies, is considering a glass furnace rebuild at one of its plants, which produces 1 million bottles and jars per day. Subscribers can learn more from Industrial Info's detailed project report.
"The demand outlook in North America is good, the most positive for some time, and our focus there remains on driving operating and cost efficiencies to convert improved volumes into increased profitability," said Paul Coulson, the chief executive officer of Ardagh, in a recent quarterly earnings-related conference call. He later added, "the pandemic has increased food consumption in glass, as well as in food cans."
Demand for glass bottles and containers in the Pharmaceutical & Biotech Industry has accelerated in the past year, with growth expected to continue in the near term, according to industry analysts. Corning Incorporated (NYSE:GLW) (Corning, New York) is considering an expansion at one of its Valor brand glass-manufacturing plants, which produces tubes and vials for vaccines and other medicines. Much of the project is in response to growing demand for COVID-19 vaccine containers. Subscribers can learn more from Industrial Info's detailed project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Click on the image at right for a graph detailing the top 10 companies across the U.S. for related glass-production projects, by investment value.As automotive companies reopen manufacturing facilities and resuscitate the supply chain, the increased application of fiberglass composites in vehicles and auto parts will drive growth in the overall fiberglass market growth in the coming years, according to a recent report from Fortune Business Insights. Fuyao Glass Industry Group Company Limited (Fuzhou, China) is considering an expansion of its automotive glass plant in Moraine, Ohio, which would house a new fabrication line, as well as research and development facilities. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a detailed project report.
Other high-value fiberglass projects proposed across the U.S. include Jushi Group Company Limited's (Tongxiang, China) expansion of its fiberglass reinforcements and fabric manufacturing plant in Columbia, South Carolina, which would add 80,000-ton-per-year textile fiberglass and 40,000-ton-per-year specialty glass production lines to the facility. Subscribers can learn more from Industrial Info's project report.
The Food & Beverage Industry, particularly beverage packaging, will account for more than half of the market share for glass bottles over the next decade, according to a recent report from Future Market Insights (Dubai, United Arab Emirates). The report predicted a variety of environmental policies across the U.S., such as bans on single-use plastics, will be a boon to domestic glass bottle sales. At the same time, the U.S. glass bottle-production industry has been losing ground to China, as inexpensive imports of items such as wine bottles have clobbered domestic production over the past 15 or so years, according to trade industry data.
Gallo Glass Company (Modesto, California) is considering a series of glass furnace rebuilds at its wine bottle-manufacturing plant in Modesto, California, one of the largest in the nation. Gallo's proposed upgrades would extend the operational lives and improve efficiencies at four furnaces, which contribute to the facility's 500,000-ton-per-year output. If approved, at least one of the rebuilds could kick off as early as next year, but others might not begin until much later in the decade. Subscribers can learn more from Industrial Info's detailed project reports on Furnace 1, Furnace 2, Furnace 3 and Furnace 4.
Ardagh Group (NYSE:ARD) (Luxembourg, Luxembourg), one of the world's largest glass-packaging companies, is considering a glass furnace rebuild at one of its plants, which produces 1 million bottles and jars per day. Subscribers can learn more from Industrial Info's detailed project report.
"The demand outlook in North America is good, the most positive for some time, and our focus there remains on driving operating and cost efficiencies to convert improved volumes into increased profitability," said Paul Coulson, the chief executive officer of Ardagh, in a recent quarterly earnings-related conference call. He later added, "the pandemic has increased food consumption in glass, as well as in food cans."
Demand for glass bottles and containers in the Pharmaceutical & Biotech Industry has accelerated in the past year, with growth expected to continue in the near term, according to industry analysts. Corning Incorporated (NYSE:GLW) (Corning, New York) is considering an expansion at one of its Valor brand glass-manufacturing plants, which produces tubes and vials for vaccines and other medicines. Much of the project is in response to growing demand for COVID-19 vaccine containers. Subscribers can learn more from Industrial Info's detailed project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
