Forecast: Sold Production of Safety Glass in Germany

The data on the sold production of safety glass in Germany reveals a declining trend over the years. Between 2013 and 2018, the production increased marginally until it hit a peak in 2017 with a slight drop afterward. The production began to decrease significantly from 2019 onwards. In 2021, there was a sharp decline of 13.23%, followed by a minor recovery in 2022. By 2023, production levels had decreased by nearly 6% year-on-year, standing at 37.875 million square meters.

Future forecasts indicate a persistent downward trend, with the production expected to fall below 30 million square meters by 2026. The average annual decrease (CAGR) for the next five years is anticipated to be around 5.91%, leading to an overall decline of 26.27% by 2028.

Future trends to watch for include:

  • Potential technological advancements leading to more efficient production methods.
  • Changes in regulatory requirements impacting safety glass standards.
  • Fluctuations in market demand driven by emerging markets or economic recovery.

Top Countries about Glass