Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Fintech PR

Recyclable Thermoset Market to reach over US$ 980.77 million by the year 2031 – Exclusive Report by InsightAce Analytic

Published

on

recyclable-thermoset-market-to-reach-over-us$-980.77-million-by-the-year-2031-–-exclusive-report-by-insightace-analytic

JERSEY CITY, N.J., Oct. 25, 2023 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on Global Recyclable Thermoset Market Size, Share & Trends Analysis Report by Technology (Mechanical Recycling, Feedstock Recycling, And Energy Recovery), Resin Type (Unsaturated Polyester (UPR), Epoxy Phenol-Formaldehyde (Phenolic), Polyurethane) And By End User Industry, By Region, Revenue (US$ Mn), Volume (KT) And Segment Forecasts, 2023-2031

 

According to the latest research by InsightAce Analytic, the global recyclable thermoset market size is valued at 568.31 million in 2023 and is predicted to reach 980.77 million by the year 2031 at an 7.1% CAGR during the forecast period for 2023-2031. 

The curing process, which can be triggered by heating or by adding a curing agent, causes thermosets, a particular family of polymers, to create clearly defined, permanent chemical networks that appear to grow in three dimensions. Due to the creation of crosslinks between its chemical constituents, the thermoset develops a strong, rigid structure that can be applied to other materials to boost strength. In contrast to typical thermoplastics, which are also referred to as thermoset polymers, thermosets are covalently cross-linked polymers that have superior resistance to a number of environmental, mechanical, and thermal variables even at high temperatures. Due to their readily accessible melting points, thermoset polymers are linear polymers that can be recycled and reprocessed utilizing heat energy. Consumers are drawn to the global recyclable thermoset polymer, which has made progress toward the development of new series and kinds of thermosets with recycling potential. All these factors drive the recyclable thermoset market growth.

Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1586

List of Prominent Players in the Global Recyclable Thermoset Market:

  • Adesso Advanced Materials Inc.
  • Aditya Birla Chemicals
  • Connora Technologies
  • Demacq Recycling Composiet
  • ECO-Wolf Inc.,
  • Fraunhofer Institute for Applied Polymer Research
  • GAIKER-IK4
  • INTCO Recycling
  • Mallinda, LLC
  • MCR Mixt Composites Recyclables
  • Mobius Technologies GmbH
  • neocomp GmbH
  • Northstar Recycling
  • The Dow Chemical Company
  • BASF SE
  • ENSO Plastics
  • PolyCeramX
  • EcoActiv Pty Ltd
  • Spero Renewables
  • Gr3n Recycling
  • PerPETual Global
  • Syngas Products Group Limited among others

Market Dynamics:

Drivers-

The market for recyclable thermosets is projected to expand as a result of growing awareness about lowering reliance on fossil fuels for the manufacturing of polymers and plastics. With the help of plastic recycling technologies, trash production and carbon emissions might both be decreased. It will aid in preventing the buildup of significant volumes of plastic trash in the environment and landfills. The fact that carbon fiber parts are produced in large quantities and a large portion of the raw materials are wasted is a driving force for recycling thermosets. Carbon fibers will be required to lower environmental emissions by reducing fuel usage, which will spur market expansion for recyclable thermosets. Due to their lightweight nature, recyclable thermosets will become increasingly popular in the automobile sector, particularly for sports cars. To meet market demand, the end-use sector has increased the penetration of composite parts.

Request for Free Demo Report: https://www.insightaceanalytic.com/request-sample/1586

Challenges:

Due to their ability to generate various composites, thermosets are widely used in high-tech applications, particularly in the aerospace and defense sectors. These materials include glass and reinforced carbon fibers. Despite the widespread use of polymers in several industrial applications, recycling thermosets is extremely challenging. This might have a significant negative impact on the thermoset market. Once they have dried out from the recycling process, existing thermosets or polymers are very difficult to remould or reset. They will therefore burn and degrade at extremely high temperatures. This is the main market limitation that could prevent future expansion in the worldwide recycled thermoset market.

Regional Trends:

The Asia-Pacific is projected to hold the top spot for the recyclable thermoset market over the next five years due to the higher adoption of mechanical recycling technology, which is further enhanced by affordable labor and comparatively laxer waste usage rules. Due to the existence of assembly/manufacturing facilities for extremely cost-sensitive industries including electrical & electronics, wind energy, transportation, and building & construction, Asia-Pacific is also the world’s largest producer and purchaser of composite materials.

On the other hand, the end-of-life-vehicle (ELV) directive of the European Europe is anticipated to grow at a significant rate the market because of the strict government regulations prohibiting landfill usage and trash disposal. In the upcoming years, the demand for thermoset recycling in the area is projected to be driven by the aerospace & defence, and transportation sectors.

Curious about this latest version of the report? @ https://www.insightaceanalytic.com/report/recyclable-thermoset-market/1586

Recent Developments:

  • In January 2021, Tennessee, Eastman Chemical Co. stated that it will invest roughly USD 250 million over the next two years in the construction of one of the largest plastic-to-plastics molecular recycling facilities in the world.
  • In July 2019, Connora Technologies sold recyclable thermoset technology to Aditya Birla Chemical. The recyclable epoxy resin technique was invented by Connora Technologies. In order to scale up the production of Connora Technologies’ recyclable epoxy thermoset technology, this technology gives Aditya Birla chemicals options for end-of-life recycling in addition to enabling incremental value creation through zero-waste manufacturing for customers.

Segmentation of Global Recyclable Thermoset Market Revenue (US$ Million) & Volume (Kilotons) Estimates and Forecasts, 2023-2031-

By Technology-

  • Mechanical Recycling
  • Feedstock Recycling
  • Energy Recovery

By Resin Type-

  • Unsaturated Polyester (UPR)
  • Epoxy
  • Phenol-Formaldehyde (Phenolic)
  • Polyurethane
  • Others

By End User Type-

  • Construction
  • Automotive
  • Power Generation
  • Electrical & Electronics
  • Others

By Region-

North America

  • The US
  • Canada
  • Mexico

Europe

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

 For More Customization @ https://www.insightaceanalytic.com/customisation/1586

Other Related Reports Published by InsightAce Analytic:

Recyclable Packaging Market Research Report 2023

Advanced Recycling Technologies Market Research Report 2023

Plastic Recycling Market Research Report 2023

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact Us:

InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: [email protected]
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ

Logo – https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/recyclable-thermoset-market-to-reach-over-us-980-77-million-by-the-year-2031—exclusive-report-by-insightace-analytic-301967383.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Invitation to presentation of EQT AB’s Q1 Announcement 2024

Published

on

invitation-to-presentation-of-eqt-ab’s-q1-announcement-2024

STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

The following files are available for download:

https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

EQT AB Group

 

View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html

Continue Reading

Fintech PR

Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

Published

on

kia-presents-roadmap-to-lead-global-electrification-era-through-evs,-hevs-and-pbvs
  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html

Continue Reading

Fintech PR

BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

Published

on

biovaxys-technology-corp.-provides-bi-weekly-mcto-status-update

VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html

Continue Reading
Advertisement
Advertisement

Latest news

Trending