The turnover in the Austrian man-made fibres sector is projected to rise steadily from 2024 to 2028. Starting from 2.28 billion Euros in 2024, the sector turnover is expected to increase to 2.7 billion Euros by 2028. This signifies year-on-year growth rates of approximately 4.4% between 2024 and 2025, 4.6% from 2025 to 2026, 4.0% from 2026 to 2027, and 4.2% from 2027 to 2028.
Based on historical data, the sector stood at 2.18 billion Euros in 2023, indicating a steady upward trend with an average year-on-year growth rate of around 4.4% over the last two years. The compound annual growth rate (CAGR) for the period from 2024 to 2028 averages around 4.3%, reflecting consistent growth.
Future trends to watch for include advancements in technology and innovation in sustainable fibre production. Additionally, global market dynamics, consumer preferences for eco-friendly products, and regulatory changes will play crucial roles in shaping the sector's growth trajectory.
