In 2023, there were 30 enterprises in the glass fibers industry in Italy. The forecasted data for the coming years indicate a gradual decline in the number of enterprises, from 30 in 2024 to 25 by 2028. This shows a decreasing trend with an annual reduction observed: approximately 3.33% from 2024 to 2025, 3.45% from 2025 to 2026, 7.14% from 2026 to 2027, and 3.85% from 2027 to 2028. The compound annual growth rate (CAGR) over the next five years is indicative of a shrinking industry.
Future trends to watch for include:
- Technological advancements in glass fiber production that may offset the decline by encouraging new market entrants.
- Shifts in demand within the construction and automotive industries that could impact enterprise numbers.
- Regulatory changes that may either pose challenges or create opportunities for growth in the sector.