Commodities
India Construction Chemicals Industry Report 2023: High Investments Opportunities as the Government Increases Emphasis on Green Constriction – Competition, Forecasts and Opportunities to 2028
DUBLIN, June 23, 2023 /PRNewswire/ — The “India Construction Chemicals Market By Type (Concrete Admixtures, Waterproof Chemicals, Flooring Compounds, Others), By End Use (Residential, Commercial, Industrial, Others), By Region, Competition Forecast and Opportunities, 2028” report has been added to ResearchAndMarkets.com’s offering.India Construction Chemicals market is anticipated to grow significantly through 2028 due to demand from the end-user industryConstruction chemicals are being used more often in India thanks to new regulatory standards and mandated certifications like the Green Building Code, the use of ready-mix concrete in projects for metro rail in more than 20 cities, and the certificate of product quality under the Real Estate Regulatory Authority (RERA).According to a recent study, India’s real estate sector is expected to touch a USD 1 trillion market size by 2030, accounting for 18-20% of India’s GDP. In contrast to the required five homes per 1,000 residents, only around three new homes are built annually. Therefore, these factors can propel the market’s growth in the forecast years.Rising Urbanization TrendThis general expansion in the building industry, necessary to keep up with the increasing trend of urbanization, is quickly stifling the market for construction chemicals.Due to growing awareness of the advantages of using these compounds, which fundamentally improve building properties, including compressive durability, strength, and resilience to poor working conditions, the market for construction chemicals will continue to grow quickly. It is also projected that middle-class residential dwelling growth would boost market growth.Many emerging markets are doing so due to increased migration to rapidly urbanizing cities. Residential and non-residential will be built in greater numbers to meet the rising demand brought on by urbanization. Along with residential buildings, there are also buildings like movie theatres, shopping malls, hospitals, and restaurants. As a result, the India Construction Chemicals market expansion will be accelerated in the upcoming year.High Investments OpportunitiesThe government’s increased emphasis on eco-friendly substances and green construction standards throughout the projected timeframe will benefit industry participants.Additionally, significant investments in eco-binders and silicate binder systems are expected to be undertaken by well-known market participants, which will support the building chemicals industry’s continued expansion. These factors increase the demand for green construction chemicals and are predicted to drive market growth in the forecast period.Concrete Admixtures Will Continue to Be a Key TypeConcrete Admixtures are substances added to the concrete mixture before or while it is being mixed. By altering the characteristics of hardened concrete, concrete admixtures lower the cost of building with concrete by assuring greater quality while being mixed, transported, placed, and cured.This enables users to handle crises when working with concrete. The decades-long development of chemical admixtures for concrete is set to significantly improve residential constructions, modest homes, mansions, offices, commercial buildings, entertainment industries, and even skyscrapers. The market for concrete admixtures is increasing dramatically due to India’s growing construction industry, driving the growth of India Construction Chemicals market.For instance, under PMAY-Gramin, the government of India planned to deliver 1.95 crore homes by 2022. Between 2016 and 2022, the project is anticipated to construct 1.71 crore dwelling units, according to government statistics. It has been extended until 2024, with a target of 2.95 million pucca dwellings, an increase of 1 million.Recent DevelopmentsIn December 2022, Saint-Gobain plans USD 217.7 million capex to expand capacities in India in 2023.In December 2021, Sika introduced the production factory and technical center in Pune, Maharashtra, to produce high-quality adhesives and sealants.Competitive LandscapeCompany Profiles: Detailed analysis of the major companies in the India Construction Chemicals market.Sika India Pvt. Ltd.Pidilite Industries Ltd.The Fosroc GroupMagicrete Building Solutions Pvt Ltd.MYK Laticrete India Pvt LtdMapei Construction Products India Pvt LtdPolygon Chemicals Private LimitedECMAS GroupRuia ChemicalsChembond Chemicals LimitedReport Scope:India Construction Chemicals Market, By Type:Concrete AdmixturesWaterproof ChemicalsFlooring CompoundsOthersIndia Construction Chemicals Market, By End Use:ResidentialCommercialIndustrialOthersIndia Construction Chemicals Market, By Region:For more information about this report visit https://www.researchandmarkets.com/r/bpnxs1About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.Media Contact:Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/india-construction-chemicals-industry-report-2023-high-investments-opportunities-as-the-government-increases-emphasis-on-green-constriction—competition-forecasts-and-opportunities-to-2028-301860951.htmlSOURCE Research and Markets
Investing.com– Oil prices steadied Thursday as traders digested data showing an unexpected increase in US product inventories, while weak economic data from top importer China weighed.
At 05:25 ET (10:25 GMT), expiring in March gained 0.1% to $76.25 a barrel, while rose 0.1% to $73.37 a barrel.
The crude benchmarks had slumped more than 1% on Wednesday, but trading ranges, and volumes, are likely to be limited throughout Thursday with the US market closed to honor former President Jimmy Carter, ahead of a state funeral later in the session.
China inflation muted in December
Chinese inflation, as measured by the , remained unchanged in December, while the shrank for a 27th consecutive month, data showed on Thursday.
The reading pointed to limited improvement in China’s prolonged disinflationary trend, even as the government doled out its most aggressive round of stimulus measures yet through late-2024.
China is the world’s biggest oil importer, and has been a key source of anxiety for crude markets. Traders fear that weak economic growth in the country will eat into oil demand.
The country is also facing potential economic headwinds from the incoming Donald Trump administration in the US, as Trump has vowed to impose steep trade tariffs on Beijing.
US oil product inventories rise sharply
U.S. gasoline and distillate inventories grew substantially more than expected in the week to January 3, government data showed on Wednesday.
inventories grew 6.3 million barrels against expectations of 0.5 mb, while grew 6.1 mb on expectations of 0.5 mb.
Overall crude also shrank less than expected, at 0.96 mb, against expectations of 1.8 mb.
The build in product inventories marked an eighth straight week of outsized product builds, and spurred concerns that demand in the world’s biggest fuel consumer was cooling.
While cold weather in the country spurred some demand for heating, it also disrupted holiday travel in several areas.
EIA data also showed that US imports from Canada rose last week to the highest on record, ahead of incoming U.S. president Donald Trump’s plans to levy a 25% tariff on Canadian imports.
Canada has been the top source of U.S. oil imports for many years, and supplied more than half of the total U.S. crude imports in 2023.
Strength in the also weighed on crude prices, as the greenback shot back up to more than two-year highs on hawkish signals from the Federal Reserve.
A strong dollar pressures oil demand by making crude more expensive for international buyers.
(Ambar Warrick contributed to this article.)
Investing.com – President-elect Donald Trump’s plan to implement sweeping import tariffs during his second term in the White House is potentially the “most bearish” policy development for the energy sector this year, according to analysts at RBC Capital Markets.
Trump, who is set to come to power in less than two weeks, has vowed to impose tariffs of as much as 10% on global imports into the US and 60% on items coming from China. He has also pledged to slap a 25% surcharge on products from Canada and Mexico.
Economists have flagged that the proposal would not only rattle global trade activity, but also threaten to reignite inflationary pressures and spark possible retaliation.
The uncertainty in markets was heightened on Wednesday after CNN reported that Trump is mulling declaring a national economic emergency in order to provide the legal underpinning for the tariffs. Earlier this week, Trump also denied a separate report that his team was mulling scaling back the levies to cover only critical goods.
In a note to clients on Thursday, analysts at RBC led by Helima Croft said that while the ultimate scope of the tariffs remains unclear, the headline duties on China could soften demand in the country and place downward pressure on oil prices. China is the world’s largest crude importer.
Business leaders with significant ties to China may advise Trump to stay away from instituting strict tariffs on the country, Croft predicted.
“We have also heard a view in Washington that President Trump could be amenable to a deal with China if Beijing offered to make large headline purchases of US goods, such as aircraft or even US [liquefied natural gas] imports,” Croft wrote.
“Beijing could also potentially seek to trade a reduction in Iranian crude imports for a tariff reprieve.”
However, Croft flagged that the overall market effect of the tariffs is still “challenging to forecast” because the Trump administration — unlike a prior round of trade tensions in 2018 — will have to weight the impact of the policies with broader macroeconomic worries “still front of mind for many in Washington”.
(Reuters contributed reporting.)
Investing.com– Gold prices edged higher Thursday, continuing the recent gains, as heightened uncertainty over a hawkish Federal Reserve and President-elect Donald Trump’s plan for trade tariffs fueled some safe haven demand.
At 06:15 ET (11:15 GMT), {68|Spot gold}} rose 0.4% to $2,683.84 an ounce, while expiring in February rose 0.3% to $2,668.60 an ounce.
Trading activity is likely to be limited Thursday, with US traders on holiday to honor former President Jimmy Carter, with a state funeral due later in the session.
Safe haven demand on economic uncertainty
Bullion prices benefited from some safe haven demand this week, as uncertainty over Trump’s trade and immigration policies dented risk appetite.
A CNN report said Trump could declare a national economic emergency to legally justify his plans to impose universal trade tariffs.
Concerns over Trump’s policies also came into focus after the of the Fed’s December meeting showed policymakers expressing some concerns over sticky inflation.
Specifically, Fed officials were growing concerned that Trump’s expansionary and protectionist policies could underpin inflation in the long term.
The minutes also largely reiterated the Fed’s plans to cut interest rates at a slower pace in 2025, after the central bank effectively halved its projected rate cuts to two from four in 2025.
Treasury yields shot up after the Fed’s minutes, as did the dollar.
Higher for longer rates bode poorly for non-yielding assets such as metals, given that they increase the opportunity cost of investing in the sector.
Other precious metals were edged higher Thursday. fell 0.1% to $983.85 an ounce, while rose 0.8% to $30.930 an ounce.
Copper rises as weak China inflation fuels stimulus hopes
Benchmark on the London Metal Exchange rose 0.7% to $9,093.0 a ton, while March rose 1.2% to $4.3115 a pound.
Chinese were flat in December, while shrank for a 27th consecutive month, indicating little improvement in disinflation.
Inflation remained weak even as Beijing doled out its most aggressive round of stimulus measures through late-2024.
But Thursday’s inflation data fueled increased bets that Beijing will do more to shore up Chinese growth, especially on the fiscal front.
(Ambar Warrick contributed to this article.)
Among industrial metals, copper prices firmed as weak inflation data from top importer China spurred bets on more stimulus measures from Beijing.
But metal markets remained under pressure from strength in the dollar, which came back in sight of over two-year highs on hawkish signals from the Fed.
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