Based on the data, the turnover for glass fibers in Denmark is expected to decrease from 41.0 million Euros in 2024 to 33.2 million Euros in 2028. This indicates a consistent year-on-year decline in turnover: -5.6% from 2024 to 2025, -5.2% from 2025 to 2026, -5.2% from 2026 to 2027, and -4.6% from 2027 to 2028. With these values, the compound annual growth rate (CAGR) for the period 2024 to 2028 stands at approximately -4.9%, showing an average annual decrease of nearly 5%.
In 2023, the turnover stood at 43.4 million Euros. Comparing the actual figures from 2023 to the forecasted data, there is a clear negative trend emerging in the industry.
Future trends to watch for:
• Innovations in glass fiber production techniques
• Shift toward sustainable and eco-friendly materials
• Impact of regulatory changes and environmental policies
• Demand fluctuations due to changes in the construction and automotive sectors
