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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...

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...

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...

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...

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...

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...

Tile makers flooded with bad news in 2019

To put it in simple words, it was a bad year for tiles manufacturers in the country and especially for those in Morbi cluster in Gujarat. Looking at the industry one can conclude that...

Wall putty market may see a shakeout 

Though it took some time for the Indian consumers to realise the utility of using wall putty, today it’s a matured market with a size of Rs 3,000 crore. There are more than 2,000...

Decorative paint makers are sailing smoothly

There is nothing much for the decorative paint makers to complain about as the sector has been able to keep head above water even when the economy is showing the signs of fatigue.  Benign...

AC makers trying to capture new territory of E-commerce

Second quarter of the financial year is the dullest quarter for Air Conditioner manufacturers where sales will be the lowest. In fact, this year’s first half is a period of reasonably good growth and...

Plywood makers cautious despite softer raw material price

Indian timber prices had shot up in July, much to the discomfort of plywood makers. However, it started to cool off in the later part of second quarter. In the third quarter so far,...

Home automation has a bright future

Building automation & control system (BACS) which is in a nascent stage in India is going to play a vital role in integrated building planning in the coming days. The system provides energy savings,...

Paint makers keep their fingers crossed

The paint industry which was aiming to continue its good show of first quarter, received a sort of jolt from Monsoon which was heavy in many parts of the country followed by floods which...

There are reasons for cement industry to be optimistic

India is the second largest producer of cement in the world after China, having the effective production capacity of around 475MTPA as of FY19. By 2022, the production of cement is expected to reach...

Normalcy returns to MDF market

After last year’s turmoil, a semblance of normalcy is returning to MDF market where the price slide has stopped and new capacity addition has become rare. As far as the demand-supply scenario is concerned,...

Why plumbing pipes industry buoyant?

Historically plumbing pipes industry’s fortunes are closely linked to that of real estate sector. However, now the things have changed for the industry for the better – plumbing industry is no longer dependent solely...

Plywood industry witnessing flattish growth

Plywood industry is passing through one of its toughest phases as demand continues to be subdued with industry growing merely 2–3%. As real estate demand remains muted the industry players are trying with various...

AC makers are happy with rising volume

It was a good summer season for air conditioner manufacturers which was in turn due to increased summer temperature and also delayed arrival of Monsoon. In fact, delayed arrival Monsoon had extended the summer...

Paint makers capture sizeable share in waterproofing business

Waterproofing business is no longer dominated by the unorganised sector nor is a happy hunting ground for any single company in the organised sector. Over the years many companies have entered the field of...

There is something to cheer about for home textile exporters

It has been many quarters since we last saw smiles on the face of our home textile exporters. The second quarter of the current calendar year in all likelihood might have brought the smiles...

Office market trend looking up

Scenario for Indian office market has changed dramatically during last five years or so.  In fact, India’s office market was a laggard between 2008 and 2013 wherein lease rentals had gone down by 40-50%...

Paint makers adopt disruptive strategy to gain market share

Leading paint manufacturers are eyeing a larger pie of unorganised market share of emulsion paints. The government has set stage almost open, first by introducing new indirect tax regime, GST, in the country and...

Paint makers adopt disruptive strategy to gain market share

Leading paint manufacturers are eyeing a larger pie of unorganised market share of emulsion paints. The government has set stage almost open, first by introducing new indirect tax regime, GST, in the country and...

Ceramics industry is reeling under poor growth

Revival of ceramics industry is getting delayed and those who hoped the revival is around the corner are likely to be disappointed. One need not be surprised if the revival doesn’t happen at all...

Why building material sector is performing sub-optimally

Having witnessed relatively strong demand during this period last year, first quarter of this financial year (and the current quarter) building material sector is posing a picture of subdued atmosphere. Mid-teens growth was taken...

Paint industry sees good growth in new financial year

Decorative paints industry has surprised many because of its splendid growth in the first quarter of the current financial year. This performance has come on the backdrop of poor health of real estate sector...

Poor condition of realty sector is a concern for glass industry

Indian glass industry has been registering 8-10 annual growth for past several years and also exports to countries like USA, U.A.E, Nepal, UK, Germany, etc. Indian glass industry is almost equally divided between organised...

2018-19 was a bad year for laminates

Just concluded financial year was a sort of nightmarish for the laminate manufacturers in the country as the industry was battling against multiple challenges. Considering the challenges that the industry faced with, even a...

Real Estate – Consolidation picking up pace

After touching the peak in FY2012, in terms of sales volume residential real estate has been on consistent slide since then. While slide has been substantial in some pockets, its moderate in other places...

Hot June saves the day for AC makers

For Air Conditioner manufacturers, the season started on weak not as a result of which many of them  had feared 2019 season too would be a repetition of 2018. For them,2018 was a washout...

Indian plywood industry seeing major disruption

Indian plywood and board industry is in a phase of transition – transition from unorganised domination to formalisation. Though the industry was expecting this to happen soon after the introduction of GST in the...

Home textile makers are worried as cotton price rises

Domestic cotton prices are ruling at elevated levels thus becoming a matter of concern for home textile makers in the country. Currently, cotton prices are hovering around Rs 125/kg which is 3.3% more than...

Retail waterproofing business growing fast

Despite the presence of some of the biggest brands, waterproofing business in India is highly unorganised and fragmented. In fact, in rural India, it is never considered as a specialised profession and one who...

Can JSW disrupt the paints industry?

Like bees to honey, growth is to an entrepreneur. Reasonably good growth, both in value and volume, is an important factor for an industrialist to set up a new unit or venture into new...

Roofing industry – ‘Housing for all’ is the future driver

India is one of the most under housed economy where millions live in temporary huts or without a roof over their head. Providing housing has been the objective of the government at the centre...

AC makers are worried as demand moderates in May

AC makers are becoming little nervous as the month of May is not progressing on expected lines. As stated in our earlier reports (read https://sawdust.online/2020/industry-trends-snapshot/season-starts-on-a-good-note-for-ac-makers/) for AC makers season started on a good note...

Residential sector is facing crisis like situation

It’s now just a slowdown but if it’s left unattended for long it may turn out to be a major crisis blunting growth our economy. This is the state of affairs in our residential...

A phase of transition for decorative paints sector

In terms of volume, just concluded quarter was a good one for the decorative paints manufacturers as they were able to register double-digit volume growth. However, composition of sales does not bring much cheer...

Season starts on a good note for AC makers

After tepid performance in the last financial year, room air conditioner makers are leaving no stone unturned to ensure that this year more than makes up for the lost business last year. Fortunately for...

PVC pipe makers are optimistic about their prospects

In last one month or so, PVC (polyvinyl chloride) prices are on downward journey. In a span of four weeks PVC prices were revised downwards four times and as a result PVC price has...

Indian AC market to see Chinese onslaught

Peace might have prevailed on Indo China border for decades now but the same thing may not be said about Indian industry which has been target of Chinese counterparts every now and then. The...

Rajasthan’s ban adds to Morbi’s woes

It had been a one-way street for Morbi ceramics manufacturers for more than three decades when everything was going their way. But suddenly things have started changing for the industry and now it seems...

2019 begins on a good note for paints and adhesives

For decorative paint manufacturers, year 2019 has begun on a positive note as the demand during the first quarter of the calendar year showed a strong growth. An informal chat with a cross section...

PVC pipes industry is well prepared to meet new directives

Last week the National Green Tribunal directed the government to come out with guidelines to phase out use of lead as stabiliser in Polyvinyl Chloride (PVC) pipes which are commonly used in most buildings....

Will this summer bring smiles to AC makers?

Devils dance when you are in despair. Though its little too harsh to link this statement with the state of mind of air conditioner (AC) makers in the country, the fact is that the...

Consolidation may be the only way for Morbi ceramics manufacturers

No one would have imagined in a matter of few years fortunes of tiles industry of Morbi would take such a drastic turn. For example, in 2016 almost every week a new tiles unit...

MDF manufacturers feel price is bottoming out

MDF, (Medium Density Fibreboard) once the ultimate segment to be in for the plywood manufacturers, is passing through a rough patch as the prices had fallen drastically during 2017-18. However, according to some MDF...

Paint manufacturers adopt many techniques to push sales

It is necessity and more than that adversity which is driving Indian decorative paint manufacturers to become innovative in rearranging their product portfolio and rewriting their marketing strategy. Brand equity and wide distribution networks...

Leading plywood makers re-focusing their strategy

It has been more than 18 months since GST has been introduced in the country and some sectors have slowly started feeling the impact of India's one of the most ambitious and disruptive taxation...

Liquidity crunch is hitting the building materials sector too

Liquidity crunch faced in the second half of this fiscal year seems to be spilling over to more sectors and if the problem is not tackled immediately it may become a major crisis in...

Mixed bag of luck for realtors so far in 2019

For real estate sector year, 2019 has brought mixed bag of luck till now. Though it is too early to predict how the year will end for the sector, next few months seem to...

AC manufacturers gearing up for new season

2018 was one of the forgettable years for AC manufacturers. 2018 summer started with lot of hopes and enthusiasm for the AC manufacturers as the IMD had predicted hot summer season. Many manufacturers had...

Upbeat mood in decorative paint sector

For decorative paint industry in India, the second half of 2019 Financial Year is likely to be good, as all the negatives which were there in the first half have either vanished or have...

Residential sector stress may continue for some more time

First, positive news about the real estate sector. Good thing about the sector is that commercial and retail segments are doing well and at the same time bad news is that residential sector is...

2019 likely to be uneventful for cement industry

Year 2018 saw reasonably good volume growth in cement in the country, though the price remained almost flat. On the other hand, increase in the pet-coke price and also that of diesel added to...

Year 2018 – a tough year for ceramics manufacturers

Indian ceramics industry is passing through one of the toughest phases with stagnant demand, rising fuel costs and rapid increase in production capacity which in turn resulted in oversupply in the market. There were some...

2018 – a  year of troubleshooting for plywood makers

It was a year of turbulence for plywood industry which also includes MDF and laminates. Demand slowdown, raw material price escalation and deteriorating pricing freedom due to increased competition – all happened at the...

Southern cement manufacturers expanding their reach

Southern region is the most important region for the cement sector as it accounts for one third of the total cement industry. Apart from this fact, Southern region is also important for the manufacturers...

Liquidity crunch delays realtors’ efforts to get back on growth path

Real Estate sector which has been struggling for last five years due to increased supply, increasing land cost and some regulatory interventions, was seeming to be crawling back to normalcy and was on path...

It is too early to celebrate for adhesive makers

It is a year of high volatility for the adhesive makers where prices of their industry’s raw materials swung from one end to another quite rapidly and also sharply. Unlike in the past, this...

A year of mixed luck for boards and laminates manufacturers

This is a year of mixed fortunes for boards and laminates manufacturers with things slightly skewed towards negative which may continue to remain so in the short to medium term. Within the sector, there...

Paint makers are positive about growth prospects

If leading paint makers’ optimism is any indication, home improvement market is in for robust growth in the coming months. Leading paint manufacturers in the country are positive about the growth prospects of the...

Will REITs help to revive Indian real estate?

Real estate investment trust (REIT) is a company that owns, and in most cases operates, income producing real estate. It provides an additional investment avenue for the Indian investors. The REIT platform has already...

All out efforts by AC makers to push their products

Sales during three months in summer (April-June) and two months in festive season (September-October) almost determine the performance of Air Conditioner manufacturers' for the whole year. While this year's summer performance was impacted due...

Despite high cotton prices, hope for home textiles

If last two months' exports of home textiles to USA is any indication, industry is seeing a revival of demand from world's largest market. That is perhaps partly aided by depreciating rupee which according...

Mattress makers introduce new products for new season

Mattress makers are back on your TV screens with new commercials for the new season. Like for many household items, period post September is the busiest season for the mattresses. And this season too...

Changing face of Indian tiles industry

There is almost a general consensus that price of GVT tiles has reached the rock bottom and there is no scope for further fall. According to our survey, most of the new plants are...

Air Conditioner – A killer in your bed room?

Thanks to ever rising temperature air conditioning has become a necessity and is no longer a privilege enjoyed by affluent few. Due to fast changing technology and rising income level in many developing countries,...

Rising crude oil price is bad for building materials industry

Crude oil price is rising and is now at a kissing distance of touching $ 80 per barrel. Brent crude oil prices have risen by almost 50% when compared to same period in the...

Home textiles: E-commerce causes major disruption

India's home textile exporters are still in search of good news from abroad which has remained elusive form them since last two years. Latest exports figures available do not augur well for the sector...

Is asbestos making a come-back?

Asbestos was banned in most of the countries more than five decades ago as the studies had  then linked lung-related diseases causing lakhs of deaths to this material. The four main diseases associated with breathing...

Tile makers are reworking strategies

Tile manufacturers are going through one of the worst phases in the history of ceramics in India. On the one hand, cost is going up while the market conditions are not  conducive enough to...

Air Conditioning – Warming up to Global Warming

One of the few segments of the economy to be happy about global warming is air conditioning sector. In recent years, we have been experiencing summers which are hotter than previous ones and according...

editor's picks

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...

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...

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...

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