The forecasted production value of slivers, yarns, and chopped strands of filaments of glass fibres in France shows a gradual decline from 2024 to 2028. Starting at 10.509 million Euros in 2024, it decreases to 9.8883 million Euros by 2028. The year-on-year percentage variations indicate a consistent downward trend by small margins each year: from 2024 to 2025, the production value decreases by approximately 1.51%, followed by 1.50% in 2026, 1.51% in 2027, and 1.51% again in 2028.
Moreover, observing the Compound Annual Growth Rate (CAGR) from 2024 to 2028, there is an average yearly decline of roughly 1.51%. As per the forecasted value, it stood at its peak in 2023 at around 10.664 million Euros, indicating a steady decrease post-2023.
Looking ahead, it will be essential to monitor:
- Technological advancements in glass fiber production that could improve efficiency and lower costs.
- Evolving environmental regulations that might impact production practices and costs.
- Market demand fluctuations, especially in construction and automotive industries, which heavily utilize these materials.
