The market bulls helped benchmark indices add 1.6 per cent last week but faced some stiff pushback from the bears. Going into the trade this week, with Q3 earnings season largely over, the market mood will be guided by the global trends, FII inflows and macro data. Following a swift rally since Budget, analysts believe that some consolidation cannot be ruled out. The markets, when they d open for trade today, are likely to react to the better-than-expected industrial production data for December and CPI inflation for January. Both these macro points were released post market hours on Friday. Besides, the market participants would keep an eye on WPI inflation figures set to be released later today.
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The global reinforced plastics market was valued at $228. 4 billion in 2019, and is projected to reach $295. 6 billion by 2027, growing at a CAGR of 4. 1% from 2020 to 2027.
A composite material consists of a polymer matrix reinforced with fibers is fiber-reinforced plastic (FRP), also known as fiber-reinforced polymer, or fiber-reinforced plastic. Typically the fibers are glass (in fiberglass), carbon (in polymer-reinforced carbon fiber), aramid, or basalt. Due to its special properties such as durability and low weight, the improved plastic is commonly used in the automotive industry. In addition, high resistance to corrosion and chemical attacks has increased the market for tubing, chemical storage vessels and fume scrubbers in the chemical industry. The role of reinforced plastics in the automotive segment is growing due to the rising availability in emerging economies which are growing demand for finis