Fintech PR
Glass Fiber Reinforced Plastics (GFRP) Composites Market Size to Grow USD 37.2 Billion at a CAGR of 6.5% | Valuates Reports
BANGALORE, India, Feb. 20, 2024 /PRNewswire/ — Glass Fiber Reinforced Plastics (GFRP) Composites Market Size, Share, Competitive Landscape and Trend Analysis Report by Resin Type (Polyester resin, Vinyl ester resin, Epoxy resin, Polyurethane resin, Others), by Process (Manual process, Continuous process, Compression molding, Injection molding), by End Use Industry (Aerospace and defense, Construction, Wind energy, Automotive, Electrical and electronics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.
The Global Glass Fiber Reinforced Plastics (GFRP) Composites Market was valued at USD 19.8 Billion in 2022, and is projected to reach USD 37.2 Billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.
Claim Your Free Sample Now: https://reports.valuates.com/request/sample/ALLI-Manu-0U94/Glass_Fiber_Reinforced_Plastics_Composites_Market
Major Factors Driving the Growth of GFRP Composites Market:
Numerous reasons, such as the need for lightweight and highly durable materials in sectors including aerospace, automotive, construction, and renewable energy, are driving the expansion of the GFRP composites market. GFRP composites are perfect for applications needing outstanding performance and lifespan because of their remarkable qualities, which include corrosion resistance, durability, and design flexibility. The market is also growing as a result of improvements in manufacturing technology, a greater emphasis on sustainability, and government programmes encouraging the use of eco-friendly products.
Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/ALLI-Manu-0U94/glass-fiber-reinforced-plastics-composites
TRENDS INFLUENCING THE GROWTH OF THE GFRP COMPOSITES MARKET:
GFRP composites are vital to the aerospace sector, as aircraft construction relies heavily on weight reduction, with every gramme saved translating into significant fuel savings. These materials are perfect for fuselages, wings, and interiors of airplanes because they have great strength-to-weight ratios, fatigue resistance, and design flexibility. In aerospace applications, GFRP composites are expected to enjoy continuous growth as manufacturers look for ways to reduce emissions, increase fuel efficiency, and improve performance. The growing need for lightweight materials in the automobile industry is a major driver of the rise of Glass Fibre Reinforced Plastic (GFRP) composites. GFRP composites are perfect for lowering vehicle weight and increasing fuel economy because they provide an alluring blend of strength and low weight.
GFRP composites are becoming more and more popular in the building industry because of their remarkable resilience to corrosion and adaptability. Building materials with better performance and longevity are becoming more and more in demand as infrastructure development projects and global urbanization rates increase. Due to its many advantages over conventional materials like steel and concrete, GFRP composites are seeing increased use in structural parts, facades, bridges, and pipelines. The need for GFRP composites is mostly driven by the renewable energy industry, especially in wind energy applications. The lightweight and high-strength characteristics of GFRP composites are especially advantageous for wind turbine blades, allowing for improved performance and efficiency.
The productivity and economy of GFRP composites have been greatly increased by technological developments in manufacturing, including automated layup procedures, resin infusion methods, and additive manufacturing. The market for GFRP composites has grown as a result of these developments, which have decreased production costs, shortened cycle times, and increased design options. This has opened up GFRP composites to a wider range of industries and applications. The need for materials with eco-friendly qualities is growing as worries about resource conservation and environmental sustainability grow. Because they are recyclable and need less energy to produce, GFRP composites fit in nicely with sustainability objectives in a variety of sectors. GFRP composites are becoming more and more popular as a sustainable substitute for conventional materials, thanks to the increasing preference of manufacturers and end users.
Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-0U94&lic=single-user
MARKET SHARE ANALYSIS:
With a CAGR of 7.0%, vinyl ester resin is predicted to have the strongest growth. Vinyl ester resin’s remarkable mechanical strength, corrosion resistance, and adaptability are the reasons behind its rising demand. Vinyl ester resin is preferred in industries like construction, automotive, and marine due to its exceptional performance in challenging conditions. Its cost-effectiveness and ability to work with a variety of reinforcing elements also add to its popularity as a material for composite applications.
It is anticipated that the continuous process will have the highest CAGR, at 6.9%. Demand for continuous processes has grown as a result of their effectiveness, affordability, and low resource consumption. By reducing downtime, continuous production guarantees a steady output and constant quality. This approach has significant benefits for businesses like chemicals and pharmaceuticals that need to produce standardized products in large quantities.
The industry with the highest predicted CAGR, aerospace and defense, is 7.2%. Global security concerns, technical breakthroughs, and geopolitical conflicts all contribute to increased demand in the aerospace and defense business. Governments make significant investments in defense capabilities, which increases demand for state-of-the-art weapons, planes, and surveillance systems. The industry’s growth is also aided by the expanding commercial aviation sector, which is driven by the demand for freight transportation and an increase in air travel.
In 2022, Asia-Pacific accounted for the most proportion. The Asia-Pacific market for glass fiber reinforced polymers (GFRP) composites is expanding rapidly due to rising demand from the aerospace, automotive, and construction sectors. The popularity of GFRP is influenced by the region’s concentration on lightweight materials, technological breakthroughs, and economic expansion. Major firms are putting money into R&D, which is accelerating market growth.
Purchase Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0U94/Glass_Fiber_Reinforced_Plastics_Composites_Market
Key Players:
- Asahi Kasei Corporation
- PPG Industries Inc
- Nitto Boseki Co.
- Nippon Sheet Glass Co. Ltd.
- Owens Corning
- 3B – the fibreglass company
- Mitsubishi Chemical Group Corporation
- Celanese Corporation
- Johns Manville
- Sancom Composites LLP
- SGL Carbon
- alformet
- Röchling
- Amiblu Holding GmbH
- Chomarat Group
- Saint-Gobain Vetrotex
- Honeywell International Inc
- BASF SE
- Reliance Industries Ltd.
- Advanced Composites, Inc.
- Braj Binani Group
- BGF Industries Inc
Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Manu-0U94/Glass_Fiber_Reinforced_Plastics_Composites_Market
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– External Thermal Insulation Composite Systems Market
– Glass Fiber Reinforced Plastic (GFRP) Composite Material market was valued at USD 27580 Million in 2022 and is anticipated to reach USD 37420 Million by 2029, witnessing a CAGR of 4.4% during the forecast period 2023-2029.
– Glass Fiber Reinforced Plastic Leaf Springs Market
– GF and GFRP Composites Market revenue was US$ 38590 million in 2022 and is forecast to a readjusted size of US$ 50260 million by 2029 with a CAGR of 3.8% during the forecast period (2023-2029).
– Fiber-Reinforced Plastic Composites market size is expected to reach US$ 141430 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029.
– Glass Fiber Thermoplastic market was valued at US$ 5621 million in 2023 and is anticipated to reach US$ 11630 million by 2030, witnessing a CAGR of 10.8% during the forecast period 2024-2030.
– Fiber Reinforced Polymer Composite Rebar (FRP Rebar) market size is expected to reach US$ 669.7 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029.
– Functional Composites market size is expected to reach US$ 65940 million by 2029, growing at a CAGR of 6.6% from 2023 to 2029.
– FRP & GRP & GRE Pipe market size is expected to reach US$ 2888.6 million by 2029, growing at a CAGR of 2.3% from 2023 to 2029.
– Composites in Oil and Gas market size is expected to reach US$ 1811.4 million by 2029, growing at a CAGR of 2.8% from 2023 to 2029.
– Composite Material market size is expected to reach US$ 1084.4 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029.
– Glass Fiber Reinforced Polymer (GFRP) Composite Rebar Market
– Construction Repair Composite Market
– High Temperature Resistant Composite Resin Market
– Composite Rebar Market revenue was US$ 491 million in 2022 and is forecast to a readjusted size of US$ 921.6 million by 2029 with a CAGR of 9.3% during the forecast period (2023-2029).
– Fiber Reinforced Polymer (FRP) Composite Market
– Automobile Fiber-reinforced Plastic Market
– Composite Mode Filler Market
– E Glass Fiber Roving market size is expected to reach US$ 8037.8 million by 2029, growing at a CAGR of 4.9% from 2023 to 2029.
– GFRG (Glass Fiber Reinforced Gypsum) market size is expected to reach US$ 1042.2 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029.
– Glass Fiber Yarn market was valued at US$ 1100.5 million in 2023 and is anticipated to reach US$ 1531 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
– Glass Fiber Composites Market
– Non-Woven Glass Fiber Prepreg market size is expected to reach US$ 844.7 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029.
– Long Glass Fiber Reinforced Polypropylene market was valued at US$ 2072.9 million in 2023 and is anticipated to reach US$ 3551.6 million by 2030, witnessing a CAGR of 7.9% during the forecast period 2024-2030.
– Non-Woven Prepreg market size is expected to reach US$ 613.8 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029.
– Glass Fiber Nonwoven Market revenue was US$ 1279 million in 2022 and is forecast to a readjusted size of US$ 1643.1 million by 2029 with a CAGR of 3.6% during the forecast period (2023-2029).
– Fiberglass market is projected to reach US$ 11250 million in 2029, increasing from US$ 8292.5 million in 2022, with a CAGR of 4.4% during the period of 2023 to 2029.
– Electronic Grade Glass Fiber Yarn Market
– Glass Fiber Sizing Agent Market
– Automotive Glass Fiber Nonwoven Market
– Fiberglass Direct Roving Yarn Market
– Short Fiber Reinforced Thermoplastic Composites Market
– Bioactive Glass market was valued at US$ 191.7 million in 2023 and is anticipated to reach US$ 297.2 million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.
– Fiberglass Light Poles Market
– Glass Laser Cutting Machine Market
– Colorless Polyimide Film (CPI) and Ultra Thin Glass (UTG) market is projected to reach US$ 10050 million in 2029, increasing from US$ 325.2 million in 2022, with a CAGR of 50.9% during the period of 2023 to 2029.
– Glass and Plastic Greenhouse Market
– Glass Wool Insulation Material Sales Market
– Thermoplastic Composites Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
Logo- https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/glass-fiber-reinforced-plastics-gfrp-composites-market-size-to-grow-usd-37-2-billion-at-a-cagr-of-6-5–valuates-reports-302066180.html
Fintech PR
Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
- Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
- Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
- Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2588103/Bybit_Web3_Wallet_Integrates_Tonstakers_The_First_Its_TON_Staking.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-web3-wallet-integrates-tonstakers-the-first-of-its-ton-staking-offerings-to-expand-defi-opportunities-302339604.html
LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.
Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.
This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.
Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.
About Yaber
Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.
The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.
Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.
Photo – https://mma.prnewswire.com/media/2588098/Yaber_achieves_100__YOY_sales_growth_Black_Friday.jpg
Logo – https://mma.prnewswire.com/media/2348478/5093200/Yaber_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/yaber-achieves-100-yoy-sales-growth-during-black-friday-and-gears-up-for-ces-2025-302339600.html
Fintech PR
Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang
BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.
The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.
During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.
The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.
The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.
Original link: https://en.imsilkroad.com/p/343777.html
Photo – https://mma.prnewswire.com/media/2588005/Liaoning_finance.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-conference-on-deepening-financial-openness-and-co-op-in-northeast-asia-held-in-ne-chinas-shenyang-302339538.html
-
Fintech PR7 days agoPresident Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
-
Fintech PR4 days agoGCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry
-
Fintech PR3 days ago2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels
-
Fintech PR3 days agoBybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
-
Fintech PR4 days agoCKGSB Successfully Hosts 2024 MBA Professor Training Program for Western China
-
Fintech PR4 days agoH.I.G. Realty Announces Strategic Partnership with Queen Mary BioEnterprises Innovation Centre in London
-
Fintech PR4 days agoDesigning for the future: SM’s vision through an architect’s lens
-
Fintech PR4 days agoFXGiants Online Trading Platform Launches Bonus Initiative to Reward Traders