The flat glass shaping and processing turnover in the UK peaked at €2.31 billion in 2017 followed by a sharp decline to €1.4 billion in 2018. Since then, it has shown a steady decrease, reaching €1.53 billion in 2023. The year-on-year decline from 2021 to 2023 averaged around -1.87%, and the last 5-year CAGR up to 2023 stood at approximately 1.78%. Forecasts indicate a continued downward trajectory, projecting a turnover of €1.38 billion by 2028 with a 5-year CAGR of -1.66%.
Future trends to watch for:
- Innovations in manufacturing processes and energy-efficient glass solutions could alter demand.
- Regulations on environmental sustainability influencing material choices.
- Economic factors such as inflation, trade policies, and Brexit impacts.
- Advancements in alternative construction materials and technologies.