Glass fibers production value in France experienced significant variations from 2013 to 2023. It stood at 4,520 million Euros in 2023. The industry saw an outstanding year-on-year growth of 818.71% in 2019, marking a pivotal point, followed by a notable decrease of 33.74% in 2020. However, recovery trends resumed with a 29.92% rise in 2021 and a gradual increase through to 2023 with a 7.12% and 6.52% year-on-year growth in 2022 and 2023, respectively.
The compound annual growth rate over the past five years (2018-2023) was an impressive 55.27%, indicating strong growth despite earlier fluctuations. Looking ahead to the forecast period from 2024 to 2028, the projected average annual growth rate is 4.34%, suggesting steadier, more sustainable growth. The forecast for 2028 anticipates a production value reaching 5,960 million Euros.
Future trends to watch for include advancements in manufacturing processes, increased demand in diverse applications such as automotive and construction, and innovations in composite materials. These factors could further drive the production value and open new market opportunities.
