The import of mats of glass fibres to the US is forecasted to grow steadily from 2024 through 2028, starting at 64.821 million kilograms in 2024 and reaching 70.148 million kilograms by 2028. Comparing this to the 2023 actual imports, the trend reflects consistent growth each year. The forecasting data suggests an annual growth increase of approximately 2% to 3% year-on-year. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects an average yearly increase of nearly 2%.
Future trends to watch for include:
- The impact of increased regulations on material imports.
- Technological advancements in manufacturing which may affect demand and supply dynamics.
- Economic factors such as trade policies and tariffs that might influence import volumes.