New report says security glass market will improve in coming years
Security glass manufacturers are rallying, according to IBISWorld Market Research. While declines in the construction and automotive markets caused demand for industry products to collapse, in the coming years, revenue is set to expand as downstream construction markets regain traction in the recovering economy, IBISWorld says in its new report, "Security Glass Manufacturing."
In the near term, industry revenue is projected to decline at an average annual rate of 1.6 percent to $609.2 million, despite growth in 2012, according to the report. US-based facilities have been unable to capture some of the worldwide demand for security glass products, limiting the domestic industry's growth, says IBISWorld industry analyst Brian Bueno, in the report.
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