The import of thin sheets (voiles) of glass fibres to the US is projected to rise steadily from 2024 through 2028. In 2023, the imports stood at approximately 13.5 million kilograms. With the upcoming years showing increases, the year-on-year growth from 2024 to 2028 averages around 3.6%. This consistent growth points towards an average compound annual growth rate (CAGR) over these five years.
Future trends to watch include:
- Increased demand from industries like automotive and construction using advanced lightweight materials.
- Potential impact of trade policies or changes in tariffs, influencing import volumes.
- Technological advancements in glass fiber production that could affect demand and supply dynamics.