In 2023, the production value of glass fibers in Norway stood at 192.1 million euros. Analyzing the forecast data, we observe a steady increase in production value from 2024 to 2028. Specifically, the year-on-year variations are as follows:
- 2024: 1.15%
- 2025: 1.13%
- 2026: 1.07%
- 2027: 1.06%
- 2028: 1.05%
Over the last two years, we've seen an approximate average annual growth rate (CAGR) of 1.09%. This upward trend indicates a consistent, albeit gradual, increase in glass fiber production value.
Future trends to watch for include potential advancements in glass fiber technology and production efficiency, which may drive higher growth rates. Additionally, increasing demand from industries such as construction, automotive, and renewable energy may further impact production values positively.
