The flat glass shaping and processing industry in France has shown variability over the past decade, reflecting shifts in market dynamics. Between 2013 and 2014, the industry saw a minor decline in turnover, but from 2015 onwards, there was a general upward trend, highlighted by significant improvements in 2018 and 2019 with 10.31% and 9.33% year-on-year increases respectively. However, the industry faced a major setback in 2020 with a 36.11% drop due to the global situation. Recovery efforts were visible by 2021 and 2022, with double-digit growth rates of 15.62% and 14.62% respectively. By 2023, the turnover stood at 2.61 billion euros, with a 9.08% increase year-on-year. The 5-year CAGR preceding 2023 was modest at 0.19%, indicating slow but steady recovery and growth.
Looking ahead, the forecasted data suggests moderate but consistent growth, with the 5-year CAGR expected at 0.89% and a total growth rate of 4.54% by 2028. This projected stability is expected to be driven by advancements in production technologies, increasing demand in construction, and automotive industries.
- Advancements in sustainable and energy-efficient glass.
- Recovery in the construction and automotive sectors post-pandemic.
- Potential impact of economic policies and regulations on the industry.
- Shifts in consumer preferences towards high-performance glass products.
