The woven fabrics of glass fibre market in the UK experienced fluctuations over the past decade. Starting from 303.32 million kilograms in 2012, it peaked in 2014 at 308.83 million kilograms and then generally trended downwards, reaching a low of 174.68 million kilograms in 2020. The market saw some recovery in 2021 with a volume of 204.88 million kilograms, but it slightly declined again to 199.42 million kilograms in 2022. By 2024, forecasts will drive market expectations.
- The year-on-year variation over the last two years shows mixed performance: 17.29% in 2021 and -2.67% in 2022.
- The compound annual growth rate (CAGR) over the last 5 years has been -2.64%, indicating a general decline but with some intermittent recoveries.
Looking forward, the glass fibre woven fabrics market in the UK may witness potential growth driven by innovations in composite materials, increasing applications in automotive and construction industries, and a push for sustainable and high-performance materials. Monitoring technological advancements and regulatory changes will be crucial for understanding future trends.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 194,060,000 | 2023 | -2.69% | -1.32% | |
| 2 | 2 Germany | 56,519,000 | 2023 | +1.09% | +0.89% | View data |
| 3 | 3 Spain | 43,418,000 | 2023 | +7.24% | +2.5% | View data |
| 4 | 4 Italy | 42,778,000 | 2023 | +3.1% | +3.71% | View data |
| 5 | 5 France | 33,119,000 | 2023 | +2.09% | +2.23% | View data |
