The turnover for glass fibers in Belgium is forecasted to grow steadily from 2024 to 2028. The projected values show an increase from 961.5 million Euros in 2024 to 1110.0 million Euros by 2028. For context, the turnover stood at 925.0 million Euros in 2023, marking the start of the forecast period.
The year-on-year variations indicate a consistent upward trend, with an annual increase of around 3.9% from 2024 to 2025. This growth continues at a similar rate, with annual increments averaging between 3.5% and 4.3% over the subsequent years. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 3.7%, reflecting a stable and significant growth trajectory for the glass fibers market in Belgium.
Future trends to watch for include potential advancements in glass fiber technology, increasing demand in various industries such as automotive and construction, and the impact of economic policies and market dynamics on supply and pricing.
