The European glass fibers market experienced notable variations in 2023, with France leading with a significant turnover increase of 52.38%, reaching around 4.54 billion euros, compared to Germany’s 9.82% increase, totaling 2.61 billion euros. Belgium followed with 14.26% growth, while Southern Europe, including Spain and Italy, showed modest gains and declines, respectively. Smaller markets like Finland and Portugal faced downturns, noted by their significant percentage decreases. Overall, the year-on-year variations depicted a dynamic landscape in 2023.
Looking ahead, the forecasted data suggests increased investments in environmentally sustainable glass fiber production technology will likely set trends. Monitoring shifts in demand driven by industrial applications and regulatory impacts will be crucial for stakeholders in this sector.
Top countries in Glass Fibers Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,540 | 2023 | +6.3% | +52.38% | View data |
| 2 | 2 Germany | 2,610 | 2023 | +14.26% | +9.82% | View data |
| 3 | 3 Belgium | 895.6 | 2023 | +4.35% | +14.26% | View data |
| 4 | 4 Spain | 242.1 | 2023 | +2.32% | +1.15% | View data |
| 5 | 5 Norway | 217.1 | 2023 | +2.99% | -0.4% | View data |
| 6 | 6 Finland | 199 | 2023 | -3.35% | -12.43% | View data |
| 7 | 7 Slovakia | 167.2 | 2023 | +1.83% | +1.34% | View data |
| 8 | 8 Italy | 117.8 | 2023 | -1.83% | -4.86% | View data |
| 9 | 9 Denmark | 43.6 | 2023 | -6.24% | -11.8% | View data |
| 10 | 10 Romania | 37.3 | 2023 | +3.32% | +1.57% | View data |
