The forecast for the sold production of fabricated asbestos fibres and mixtures based on asbestos and magnesium carbonate in France shows a consistent decline from 2024 to 2028. In 2023, actual production stood at a higher level than the forecasted production for 2024, suggesting a downward trajectory. Year-on-year decreases are noted, with the value dropping from 41.34 million euros in 2024 to 26.178 million euros in 2028. This trend reflects a compounded annual growth rate (CAGR) of decline over the five-year period, indicating shrinking demand or regulatory impacts on the industry.
Future trends to watch for include:
- Increasing regulatory pressures against asbestos use due to health risks.
- Shifts toward alternative, safer materials that could further reduce demand.
- Technological advancements that might offer sustainable substitutes.
- Potential market opportunities in regions with less stringent regulations, though these pose ethical considerations.