Between 2013 and 2023, the production value of glass fibres in Italy has shown significant fluctuations. Notably, from a low point in 2015, the value saw a dramatic rise, peaking in 2019, before experiencing a significant dip in 2020. By 2023, the value of sold production stood at 315.99 million euros, reflecting a year-on-year growth of 10.95%. This growth is part of a broader trend, with the CAGR over the past five years (2018-2023) averaging 11.04% per year.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady increase in production value, with an expected CAGR of 2.61% over the next five years and a total growth rate of 13.77%. This indicates a stabilizing market with moderate growth prospects.
Future trends to watch for include potential impacts of technological advancements in glass fibre production and possible shifts in demand from key industries such as automotive and construction. Additionally, market dynamics could be influenced by regulatory changes and environmental considerations related to glass fibre manufacturing.
