In 2023, the European glass fibers market displayed significant variances across countries based on turnover. France led the market with €48.33 million, followed by Germany at €27.73 million, and Belgium at €9.53 million. Noteworthy year-on-year increases were observed in France (52.38%), Belgium (14.26%), and Germany (9.82%). Spain, Slovakia, and Romania saw minimal increases, while Finland, Italy, Denmark, Portugal, and Cyprus experienced declines. Notably, Norway faced a slight dip of 0.4% after a relatively stable period.
Future trends suggest that France's momentum may drive further sector growth, while Germany's stable infrastructure will likely sustain its strong position. Belgium’s consistent increments indicate a rising demand. Observing trends in Southern Europe, such as Spain and Italy, could reveal resilience or further downturns. Technological advancements and sustainability initiatives in glass fiber manufacturing will be critical trends to watch, potentially shifting market dynamics favoring countries with innovative capabilities.
Top countries in Glass Fibers Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 48.33 | 2023 | +6.3% | +52.38% | View data |
| 2 | 2 Germany | 27.73 | 2023 | +14.26% | +9.82% | View data |
| 3 | 3 Belgium | 9.53 | 2023 | +4.35% | +14.26% | View data |
| 4 | 4 Spain | 2.58 | 2023 | +2.32% | +1.15% | View data |
| 5 | 5 Norway | 2.31 | 2023 | +2.99% | -0.4% | View data |
| 6 | 6 Finland | 2.12 | 2023 | -3.35% | -12.43% | View data |
| 7 | 7 Slovakia | 1.78 | 2023 | +1.83% | +1.34% | View data |
| 8 | 8 Italy | 1.25 | 2023 | -1.83% | -4.86% | View data |
| 9 | 9 Denmark | 0.46 | 2023 | -6.24% | -11.8% | View data |
| 10 | 10 Romania | 0.4 | 2023 | +3.32% | +1.57% | View data |
