The sold production of glass fibres in France displayed a growth trend from 2013 to 2020, peaking at 717.92 million Euros in 2020. However, there was a significant decline by 27.5% in 2021. Although there was a recovery in 2022 with a 14.06% increase, 2023 saw another decline of 4.22%, standing at 568.64 million Euros. From 2024 onward, forecasts indicate a steady decrease, with the value expected to drop to 447.03 million Euros by 2028, reflecting a negative CAGR forecast of -3.84% over the next five years.
Key Trends:
- Consistent growth from 2013-2020 with notable peaks and troughs
- Significant dip in 2021 followed by a brief recovery in 2022
- Projected continuous decline post-2023
Future trends to watch for include potential technological advancements in glass fibre production, shifting market dynamics due to sustainability concerns, and competitive pressures from global players that may impact the trajectory of this market.
