In 2023, the sold production of glass fibres in Finland stood at 140 million euros. The forecasted values indicate a consistent upward trend in the market. In 2024, the anticipated value is 142.29 million euros, marking a 1.64% increase from 2023. A 1.48% increase is expected in 2025, reaching 144.4 million euros. The values continue to rise to 146.49 million euros in 2026, representing a 1.45% growth from the previous year. By 2027, the forecast predicts 148.56 million euros, a 1.41% increase. Finally, by 2028, the production value is expected to reach 150.61 million euros, growing by 1.38% from 2027.
The compound annual growth rate (CAGR) over the 5-year period from 2023 to 2028 is approximately 1.47%, indicating a steady but moderate growth in the market.
Trends to watch for in the future include potential advancements in glass fibre production technology, shifts in global demand, and changes in raw material prices that could impact production costs and market value. Additionally, sustainability and regulatory changes could also play a critical role in shaping the industry's trajectory.
