The market size for woven fabrics of glass fibre in Italy has shown substantial growth from 2013, when it was valued at 94.789 million euros, peaking in 2023 at 166.04 million euros. There was significant growth between 2014 and 2015, reaching up to around 15%, however, there were dips like in 2020 with a 12.39% decrease, largely due to economic impacts. More recently, the market experienced a year-on-year growth of 6.46% in 2023.
The average annual growth rate (CAGR) over the last five years (2018-2022) has been 2.09%, indicating moderate but steady growth, with a projected increase to 184.02 million euros by 2026 and continued upwards to 195.72 million euros by 2028. The forecasted 5-year CAGR is expected to be around 2.61%, suggesting stable growth ahead.
- Year-on-year trend (last 2 years): 8.14% growth from 2021 to 2022, and 6.46% from 2022 to 2023
- 5-year CAGR: Average annual increase of 2.09% from 2018 to 2023
- Forecast 5-year growth rate: Estimated at 2.61%, projecting a 13.73% cumulative increase by 2028
Future trends to watch for include advancements in manufacturing technologies, increased demand in automotive and construction industries, and potential impacts from environmental regulations and sustainability initiatives, which could further influence market dynamics and growth rates.
