ConsTrack360

  After the effects of the pandemic outbreak started to subside, the Indian construction market has posted a strong growth recovery. The trend has further continued in H1 2023 on the back of higher government spending and housing construction activities. This growth in the broader construction market has also aided the growth of other construction-related industries, including construction chemical market. Firms in the segment, including those operating in the decorative paints category have showcased positive performance in terms of sales and volume growth in Q1 2023. The positive performance during the quarter has been largely driven by factors such as premium product offerings, distribution expansion, and new launches. Furthermore, the ease in prices of raw materials have also aided margin expansion for players in the decorative paints market in India. ·          Asian Paints, the leading firm in the Indian decorative paints market, r...

  In Saudi Arabia, the modular construction industry is poised to record strong growth over the next five years. The prefabricated construction market size is expected to reach SAR 14.5 billion in 2023, according to ConsTrack360 estimates. This growth will be driven by the increasing investment led by domestic and global construction firms in the Saudi Arabian market in 2023. ·          AMANA, one of the leading construction firms in the Kingdom, announced the opening of a new factory in Rabigh for modular construction in March 2023. With the new facility, AMANA aims to further consolidate its position in the modular construction segment in the Kingdom. The establishment of the new factory is a response to the increasing demand for offsite manufacturing technologies, facilitated by DuBox, a subsidiary of AMANA. Furthermore, ConsTack360 expects the new manufacturing facility to play a pivotal role in the successful delivery of several am...