The market size value for woven fabrics of glass fibre in France experienced a notable fluctuation from 2013 to 2023. Most recently, in 2023, the market stood at 361.09 million euros. From 2013 to 2023, the market saw some significant variations, particularly a large drop of 17.42% in 2020 likely due to the COVID-19 pandemic, followed by a robust recovery of 20.99% in 2021. Over the last two years (2022-2023), the market showed modest growth rates of 0.41% and 0.40% respectively. The compound annual growth rate (CAGR) for the past five years stood at 0.84%.
Looking towards the future, the forecasted data suggest a slow but steady growth, with the market predicted to reach 368.64 million euros by 2028. This growth reflects a 5-year forecasted CAGR of 0.33%, indicating a stable market with minimal fluctuations.
Future trends to watch for include technological advancements in glass fibre production, the impact of regulatory changes, and shifts in demand from key industries such as automotive and construction. Additionally, sustainability trends and innovations in recyclable materials could significantly influence market dynamics.
