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Air coolers market set to expand

In a tropical country like India where summers are unbearably hot (and this accounts for major portion of the year), cooling industry occupies a special position.  With global warming showing no signs of abating,...

Waning Covid threat spells optimism among cement manufacturers

Despite all its environmental hazards and negative marks on carbon footprint, presently there is no other building material  that can challenge the supremacy of cement in the construction industry. India being the third large...

Wood panel industry looks forward for better times ahead

Wood panel industry seems to have left the Covid-19 stigma far behind and is racing ahead thanks to robust growth in demand. It will be an understatement to say that the industry has rolled...

Will increasing gas price puncture tiles exports surge?

Ups and downs are part of any business and its more so in case of Indian tiles industry because of its intensity as well as frequency. Every time the industry faced a setback –...

Paints Industry – Market Leader indicates change in strategy

The latest quarterly results announced by the market leader – Asian Paints, conveys more than that meets the eye. On the positive side, there was a huge volume growth of 34% during the second...

Will the cost inflation escalation puncture the recovery?

It has been a swift and sharp recovery season for the building materials and home décor industries which have come out of the lockdown blues much faster than they did last year. Though for...

PVC adhesives market may see rapid growth

With increasing use of PVC pipes in drainage and irrigation, use of PVC adhesives too in India is growing in recent years. PVC adhesives are used for joining u-PVC and CPVC pipes. The size...

Spurt in gas price may put brakes on tiles’ industry’s growth

It has been a smooth sailing for the tiles manufacturers post lockdown period but the sustained gas price increase may put road blocks for the industry in the coming weeks. For example, Singapore spot...

Pipes: Strong demand may help to cross cost inflation hurdle

Pipes are the backbone of irrigation and buildings industry and in a country like India where agriculture contributes nearly 20% of the GDP and urbanisation is taking place at a rapid pace, significance of...

AC industry is awaiting a major overhaul

When the Prime Minister last year announced a Rs. 20 lakh crore economic package under the ‘AatmaNirbhar Bharat Abhiyaan’, to aid our country out of the Coronavirus crisis (by making us self-reliant) one of...

Competition is intensifying in waterproofing business

Since last couple of years construction chemicals sector in general and waterproofing business in particular has become new battle ground for the organised manufacturers. After the introduction of GST, unorganised sector, which accounts for...

Indian home textile exporters foresee healthy growth

Indian home textile industry being one of the direct beneficiaries of Covid-19 outbreak was also one of the earliest industries to recover from the lockdown blues. Home textile exporters sew a success story on...

Increased focus on furniture industry may bode well for adhesive makers

Covid-19 is a big let down for all industries, even adhesive industry was not spared. Adhesive industry which was registering 7-8% CAGR for the last couple of years contracted by 1-2% during the last...

Paints industry hopes for a better festive demand

Though the performance of the decorative paints industry during the first quarter of this year and last year cannot be measured with the same scale, feedback from the industry gives some positive signals about...

Tile manufacturers expect growth to return next FY onwards

Tile industry is facing an awkward situation where demand (for branded products), on the one hand, is growing and on the other hand, the cost of gas and other materials too is rising in...

Electric fan manufacturers pulling up sleeves to grab bigger market share

Electric fans industry, the direct beneficiary of global warming and rising income level of Indian population, is registering steady growth year after year. The industry is also aided by increased availability of electricity and...

MDF manufacturers continue to see robust growth in demand

Good luck for medium density fibreboard manufacturers which started last year continues, despite facing hurdles like COVID-19 second wave and extended lockdowns. According to industry sources, their fortunes would have turned even better if...

Changing face (phase) of Indian real estate sector

In the last few years, Indian real estate industry has grown not only in size but also in its composition. In one of the best affirmations of the phrase “survival of the fittest” the...

Bathware manufacturers hopeful of steady growth

Bathware segment of ceramics industry is one of the fastest growing segments with some of the leading brands registering attractive CAGR in recent years.  Some of the leading brands in this segment are Hindustan...

Pipe manufacturers expect robust growth to return post lockdown

Plastic pipes find application in irrigation, residential/commercial real estate construction and water supply & sanitation (WSS) infra development. Though there is no unanimity about the size of the industry, its estimated to be around...

Kitchen sinks – indispensable kitchen accessory

Kitchen might have lost its place in the house which it used to enjoy in the past, one that of central importance to the family, but it still continues to be indispensable. Kitchen is...

Morbi tile manufacturers are bullish about exports growth

If identifying an opportunity early is the essence of success in business, Morbi ceramic cluster is a living example for the same. Despite going through a roller coaster ride during last couple of years...

Paints industry hopes for a quick revival

Year 2020-21 was a bad year for the economy as a whole and even the paints industry was not spared from the disruption caused by the Covid-19. Surprisingly, however, recovery from lockdown created demand...

JJM may push up demand for plastic pipes

Use of plastic pipes has become widespread both in rural India (for irrigation and housing) and in Urban India (for plumbing). However, last financial year was bad one for the industry due to lockdown...

Tiles manufacturers expect early recovery in demand

It’s generally believed that lockdown 2.0 is not as harsh as the one seen last year and it may not last longer also. Despite this most of the industries including tiles industry have seen...

Wood panel industry expects a sharp recovery post lockdown 2.0

Things were moving smoothly till the end of FY21 and for some weeks initially during April but the Covid second wave and the subsequent localised lockdowns in almost all the states changed the fortunes...

Post Covid home textiles industry’s prospects brighten

Indian home textile industry was one of the direct beneficiaries (apart from pharmaceutical industry) of the outbreak of Covid-19 in the world. The industry, which is mainly dependent on exports for survival, was passing...

MDF is gaining ground amid chaos

Medium Density Fibreboard is the only bright spot in the whole of wood panel industry which is struggling to come to terms with the situation arising out of localised lockdowns announced by various states...

Covid second wave affects wood panel industry

The second wave has suddenly changed the outlook of several industries in a matter of few days. Wood panel industry is one such industry which was sailing smoothly till the end of March but...

Is the PLI scheme for AC makers a game changer?

Last year the government introduced a Production Linked Incentive or PLI scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units. The scheme invited foreign companies to set...

Fourth quarter sees healthy demand for decorative paints

Feedback received from some of the dealers reveal that decorative paints saw a healthy demand during the just concluded fourth quarter which helped the paint manufacturers to overcome some of the headwinds which were...

Laminates industry expects decent growth prospects in foreseeable future

Laminates industry is one of the few industries where both domestic and exports markets look promising though for different reasons. Also, in this industry formalisation is taking place at much faster pace than in...

Electrical fans industry to sustain growth story

Fans, till early 1990s, were considered to be an item of luxury and owning it in the house was a matter of pride. Even after owning a fan, operating it whenever you wanted was...

MDF manufacturers on a high as demand surge continues

Though signs of demand revival were visible in late 2019 itself, it was the lockdown and subsequent emergence of social distancing and work from home concepts that have changed the fortunes of medium density...

Can tinting machines tilt the scale in paints industry?

Indian decorative paints market is oligopolistic in structure where handful of players control most of the market. In fact, top four players account for nearly 80% of organised market for decorative paints in the...

Pipe manufacturers optimistic about demand prospects

Demand for pipes has recovered sharply after easing of COVID-19 restrictions, underpinned by pickup in construction activities and higher realizations. In the third quarter growth was mainly led by strong volumes due to pent-up...

Gas price hike to have temporary effect on Indian tiles industry

Dream run of Indian tile manufacturers seen during last few months, especially on the exports front, may take a pause, if not an abrupt end, thanks to spike in the gas prices. Natural gas,...

Plastic Pipes industry sees temporary disruptions

Till a few weeks’ back the plastic pipes industry had everything going in its favour. But in this globalised world, tides can change their direction anytime and anywhere and that is what is happening...

Decorative paints see broad based recovery in the third quarter

Paint manufacturers are hugely encouraged by the sales seen during the third quarter of the financial year as the growth in volume was broad based as compared to the first half of the financial...

It may be smooth sailing for plastic pipes industry

Plastic pipes industry is passing through one of the best times in its history. It is one of the few industries to recover first and fast from the lockdown blues. This was achieved even...

Will Grasim’s entry into paints business disrupt the industry?

Recent announcement by Grasim Industries to enter paints business, the flagship company of Aditya Birla Group, has shaken up the industry as well as the investors bringing an aura of uncertainty to the oligopolistic...

Industry welcomes new budget wholeheartedly

Latest budget doesn’t need any analysis and the soaring stock market index is enough proof of the industries reaction to Nirmala Sitharaman’s third budget. The Finance Minister had clearly spelt out the government’s intention...

MDF – Chequered past, bright future

Indian medium density fibreboard (MDF) industry has a very short history as its real story started only in 21st century. Thus, India is not a significant player in global MDF market and accounts for...

Covid helps home textile makers to turn the tide

Generally, the health of India’s home textile market is indicated by its exports to USA, the largest consumer of home textiles in the world.  Before the outbreak of the pandemic India’s exports to USA...

Furniture may become sunrise industry of this decade

Global furniture market is valued at $ 610 billion and India is not a key player in this segment despite having cheap labour in abundance. On the other hand, China’s share in furniture exports...

These issues may keep the building materials industry busy in 2021

Most of the economic indicators and the latest GST collection figures show that worst is behind us and year 2021 will be a year of growth revival. While most part of the year will...

2020 was a roller coaster year for cement industry

In the beginning of 2020 when Corona was still a China-centric health issue without having any bearing on rest of the world, Indian cement industry was in sweet spot. Growth was returning to the...

Building materials industry – Retrospect 2020

Though Corona and lockdown hogged the limelight for most part of the year in 2020, some other actions/events in the industry didn’t go unnoticed either. Some of these events may have far reaching impact...

RAC manufacturers – Between devil and deep sea

As the COVID-19 will observe its first anniversary soon, room air conditioner makers in the country are struggling to find ways and means to clear their unsold stock before year 2020 says goodbye. While...

Why plastic pipe makers eye water storage tank business

Water storage is becoming a key factor in any building – commercial, industrial or residential. Demand for water storage products is universal – both in urban and rural areas. With the growth of plastic processing...

Sunny days are here again for tiles manufacturers

Rising like a phoenix from the ashes – seems to be an apt phrase for the resilience shown by the tiles industry in last few years. However, recent one (post Lockdown) is the best...

Decorative paints records faster recovery in demand

Recovery in decorative paint demand as seen with the leading paint manufacturers in the second quarter of the financial year indicates not only the speedy revival of the industry but also demand led recovery...

CPVC market may see major changes in the coming years

Recently, Grasim Industries Limited entered into an agreement with Lubrizol Advanced Materials to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin in India with initial production expected in late 2022. Lubrizol is the world...

ACS manufacturers optimistic about future prospects

Asbestos cement sheet (ACS), a composite building and construction material, is the most preferred roofing solution material, especially in rural and semi-urban areas because of its strength, durability, ease of installation and above all...

Paint makers eye larger market share of putty

Unlike decorative paints, wall putty doesn’t have a long history in India and has become a prominent part of building materials industry only in last 15 years or so. However, it’s not its past...

Finding opportunities in adversities

In times of adversities (like the one we are presently passing through) when survival becomes the sole objective of the business, we come across some smarter players who try to find opportunities in such...

Building materials industry sees turnaround in Q2

Faster than expected recovery in demand for building materials has surprised many experts and construction being one of the largest contributors to GDP, revival of the sector may be indicative of economic turnaround much...

Will MDF manufacturers rush to create new capacities?

Medium Density Fibreboard (MDF) is the first one in the wood panel industry to see recovery in demand after the relaxation of lockdown norms. Many considered it to be a pent-up demand and as...

AC industry facing short term hiccups

With COVID-19 pandemic refusing to fade away and heading towards first anniversary celebration, the consumer durable industry in general and air conditioner segment in particular is struggling to come out of uncertainties. Because of...

Exports come to the rescue of Morbi tile manufacturers

Quickness to identify opportunities and use them to the advantage are the hallmark of Morbi based tiles industry and that quality has helped the industry to come out of woods with less damage this...

COVID-19 play spoilsport with Indian Home Textile Manufacturers

Indian home textile manufacturers who are mainly dependent on exports for their revenue were struggling to maintain their growth during the last few years. Shift in consumer preferences in terms of shopping style and...

COVID outbreak may hasten formalisation of Pipe Industry

Though dominated by the organised sector, the informal (unorganised) sector still accounts for more than 1/3rd of the Rs 30,000 crore Indian pipe industry. Over the years industry has moved from being a commodity...

MDF back in the forefront

Leading plywood manufacturers in the country like Greenply And Century Ply have reported more than 60% decline in their plywood business during the first quarter of the current financial year. Rubbing salt to the...

Why paint manufacturers find waterproofing an attractive business?

Waterproofing is about Rs 6,000 crore market despite which it has attracted many new players in last few years. Most of the leading paint manufacturers including Asian Paints, Berger Pants, Kansai Nerolac and AkzoNobel...

Adhesives – Another hotspot for competition

After waterproofing and construction chemicals, adhesives is another segment where leading paint manufacturers of the country have shown special interest. Most of the paint manufacturers like Asian Paints, Kansai Nerolac and Berger Paints have...

Some Green Shoots are visible say ceramic tiles manufacturers

Indian tiles industry is known for its resilience and ability to find an opportunity in adversity. Covid-19 breakout and subsequent country wide lockdown put up challenges to everyone including ceramic industry. But ceramic industry...

Fortunes of furniture industry may change for better

Furniture industry deserves a second look due to changing circumstances. This may be one of the few industries where COVID-19 breakout may act as a gamechanger for the industry. Also, this is one of...

When will AC industry become self reliant?

The outbreak of COVID-19 and its spread has taught us some important lessons in life. One important lesson leant by Indian manufacturers is the risk of depending on one source (and that too a...

Decorative paints industry hopes recovery to continue in Q2

Decorative paints are discretionary items of expenditure for homeowners and spending on it or lack of it gives important signals not only about the industry but also is indicative of the health of the...

Wood panel industry sees current FY a washout

It has been two months since the lockdown was lifted/relaxed in many parts of the country (in Green and Orange zones) and by now one would have expected normalcy to return and a lockdown...

Waterproofing becomes new battleground for supremacy

Attractive margins and presence of unorganised sector which is up for grabs post GST and even more so after lockdown, make waterproofing business new battle ground for the players. Thus, the supremacy of Pidilite...

Cement manufacturers expect full recovery from FY22

First half of FY20 was a disappointing one for the cement industry with volume growth remaining in low single digit (it was less than 2%). However, things started changing since November 2019 slowly and...

Paint makers come into terms with new realities

Outbreak of COVID-19 and subsequent lockdown notwithstanding paint industry in the country is one of the most confident segments in the economy who see bright future for their products in the coming years. Blank...

Impact would be mixed for wood panel industry

Like other sectors, wood panel industry too is undergoing a phase of uncertainty post lockdown relaxation due to demand disruption. The industry is uncertain as to when the recovery will happen and its dependence...

Paint makers disappointed as initial demand euphoria cools down

When lockdown was lifted in orange and green zones which accounted for 3/4th of the country it was anticipated that decorative paints industry would be the fastest to recover from the slump as its...

Air conditioners to be covered under phased manufacturing programme

Soon after assuming the office of Prime Minister in 2014, Mr Narendra Modi had proposed the idea of “Make in India” which was however, not followed up with enough measures on the ground. Meanwhile,...

Cement manufacturers keep their capex plans on hold

Fourth quarter results for the last financial year announced by some of the cement companies have revealed some interesting facts. There is a decrease in the sales volume to the extent of 13% in...

Plastic pipe makers expect sharp & fast recovery

Plastic pipes sector is the least discussed industry in India though it serves two important segments of the economy, that is, agriculture and housing. While irrigation accounts for 47% of the industry demand, water...

Sanitaryware market – Fight for leadership is on

Sanitaryware is part of Rs 27,000 crore ceramics industry which is poised for an interesting turn of events. Despite the recent outbreak of Covid-19 and the resultant prolonged nationwide lockdown in India, Rs 4,200...

Tile manufacturers may go slow on restarting their operations

Indian tiles manufacturing industry is on a roller coaster ride since last few years. The industry has seen many adversities during last few year but has been able to survive because of its ability...

Tile exporters face uncertain prospects

What is surprising the most is the survival instinct of the Morbi unorganised tiles sector. Antagonists had long ago written off this segment – way back in 2016 when demonetisation was announced. But this...

Wood panel industry looks for government help

Wood panel industry which would have turned out one of the best performances in the fourth quarter of the last financial year but for the outbreak of Coronavirus, is now preparing for life after...

AC manufacturers brace for complete washout of summer season

Extension of countrywide lockdown by the Prime Minister till May 3rd has come as a shocker for the room air conditioner manufacturers in the country for whom summer is the main period when most...

Wood panel industry doesn’t expect demand to pick up soon

It was a smooth sailing for wood panel industry in the first two months of 2020 before Coronavirus crossed Chinese border and wreaked havoc with lives of thousands of people all over the world....

COVID-19 Decorative paints industry worried about demand revival

In the first nine months of the financial year 2019-20, decorative paints industry stood apart from rest of the building material and home décor products showing reasonably good growth in the midst of slowing...

Cement manufacturers keep their fingers crossed

For the cement industry, March is an important month as the sales and marketing teams get into ‘do or die’ mode during this month. Its known as momentum month for the industry where brands...

Home décor companies script survival mantras

Variety is spice of life and this factor the home décor industry understands better than anybody else. For them, it adds not just spice but keeps their adrenaline active and fighting fit. Of late,...

Exports come to the rescue of Morbi tile makers

Industry was about to write them off but the destiny had a different story to tell. This has brought out never say die attitude of Morbi tile makers who have crossed many such storms...

Wood panel industry worried about Coronavirus impact

While the wood panel industry is struggling to come to terms with demand slowdown due to poor health of real estate industry (residential real estate), its now presented with another problem, that is, possible...

Pipe industry may see increased consolidation

If the whole economy is facing slowdown, pipe manufacturers cannot remain aloof from the general trend.  They too are facing similar problems like any other building material manufacturers. Apart from that they are facing...

Will the market structure of paint industry change?

Indian paint industry has oligopolistic structure with four top players controlling almost 80% of the market. Despite the existence of limited number of players, the high degree of pricing discipline exercised by the top...

Impact of coronavirus on Indian building industry

China is hit by Novel Coronavirus which has already taken a toll of more than 1,500 lives (according to Chinese state release) and no one is sure about its exact impact on China and...

Why Asian Paints feels threatened by JSW Paints?

Competition Commission of India (CCI) recently ordered a probe against Asian Paints (APNT) for unfair business practices based on evidence provided by JSW Paints. CCI has instructed the Director General to investigate the case...

Budget 2020-21 – Sectoral impact analysis

While there are several well-intentioned schemes that have been announced in the Union Budget for FY2021 across diverse areas, encompassing agriculture, irrigation, infrastructure and solar power, the overall increase in allocations have been modest,...

Real Estate sector has high hopes from Budget

Real Estate sector, especially residential sector, is passing through one of the worst phases in India and slowdown concerns are not restricted just to India but it’s felt all over the world. In fact,...

RAC players readying for another season of intense competition

Room AC has seen robust growth in the first half of this financial year which also happens to be the busiest season for the industry. In the first half, RAC recorded more than 30%...

Decorative Paints – market leader keeps competitors guessing

Decorative paints is the only segment in the building materials which has kept its growth momentum ticking in the midst of adverse economic conditions. However, if one gives a closer look at the sector,...

Fortunes depend on real estate sector’s revival

Indian economy is in a transitionary phase where informal sector which was playing a dominant role in the economy is moving towards the formal one. The pace of transition is slow and is also...

An eventful year for building materials sector

Though eventful, year 2019 was not one of the best years for building materials sector. General economic slowdown coupled with prolonged demand recession in realty sector had their impact on building material sector too....

Decorative Paints – A good performance in a bad year

Decorative paints is the only building material which has withstood the economic slowdown in the country quite appreciably. Though the growth rate showed a decreasing trend as the year progressed, still it was much...

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