Reinforcement Materials Market To Witness Comprehensive Growth At Reach $27 9 Billion By 2027
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Reinforcement Materials Market To Witness Comprehensive Growth At Reach $27 9 Billion By 2027
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Reinforced Plastics Market to cross USD 295.6 Billion by 2027, Rising demand in automotive sector
tusharJuly 14, 2021 13
Global reinforced plastics market is expected to cross $295.6 billion by 2027 and witnessing a CAGR of 4.1% from 2020 to 2027. Rise in adoption of GFRP composites in the automotive sector, increase in demand for epoxy composite from the wind energy industry, and surge in end-use applications of fiber composites drive the growth of the global reinforced plastics market.
However, concerns regarding recycling hinder the market growth. On the other hand, high demand for GFRP composite pipes from the emerging countries creates new opportunities in the coming years.
By region, Europe held the highest market share, accounting for more than two-fifths of the global reinforced plastics market share in 2019, and will maintain its highest contribution throughout the forecast period. However, Asia-Pacific is expected to grow at the fastest CAGR of 4.8% during the foreca
Positive open seen for markets
June 30, 2021
Markets are expected to open marginally higher, indicates a trend from SGX Nifty, Singapore. However, most global markets are ruling in the flat-to-negative territory, signalling volatility.
According to market experts, after two consecutive days of fall, markets will try to regain some strength. Besides, today being the last date of the first quarter (June), markets generally remain resilient due to fund managers’ portfolio churning activity. However, the key concern is the rise of new Covid variant, said analysts.
Currently, SGX Nifty is ruling at 15,827, a 40-point gap-up opening for Nifty futures, which on Tuesday closed at 15,785. The spot Nifty closed at 15,748.45.