Asian Currencies Consolidate; Fed Rate-Cut Prospects May Support
0024 GMT — Asian currencies consolidate against the dollar in the early session. However, Fed rate-cut prospects spurred by the disappointing U.S. economic data released overnight may support. Activity among U.S. services firms sank unexpectedly in May, according to the Institute for Supply Management's PMI. ADP National Employment Report showed only 37,000 jobs were created in May, the slowest pace of private-sector hiring in more than two years. U.S. money market pricing for a September Fed rate cut is now 97% priced, NAB's Head of FX Research Ray Attrill says, citing the weak data. USD/JPY is steady at 142.77; AUD/USD is little changed at 0.6494. (ronnie.harui@wsj.com)
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India Agriculture Engines Market Report 2025, Competitive Analysis of Cummins, Caterpillar, Deere & Co, AGC, Mahindra & Mahindra, Kubota, Yanmar, Escorts
The key opportunities in the India agriculture engines market include increased mechanization driven by productivity enhancements and government support, a rising demand for sustainable and fuel-efficient engines aligned with stricter emissions standards, and market interest in alternative power sources like electrification. Indian Agriculture Engines Market Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "India Agriculture Engines Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" has been added to offering. The India Agriculture Engines Market was valued at USD 2.07 Billion in 2025, and is expected to reach USD 3.01 Billion by 2031, rising at a CAGR of 6.81%. Agricultural engines are specialized engines designed to power various machinery and equipment used in farming and agricultural activities. These engines provide the necessary mechanical energy to operate tractors, irrigation pumps, harvesters, threshers, and other farming tools, enhancing productivity and efficiency in agriculture. Typically, agricultural engines are robust, durable, and built to withstand harsh outdoor conditions, including dust, moisture, and temperature variations. Most agricultural engines run on diesel or gasoline, chosen for their fuel efficiency and ability to deliver high torque at low speeds, which is essential for heavy-duty farming tasks. The design of these engines focuses on simplicity and reliability to ensure easy maintenance and long service life in rural areas where technical support may be limited. Some modern agricultural engines also incorporate advanced technologies such as electronic fuel injection and emission control systems to meet environmental standards and improve fuel economy. In essence, agricultural engines are the heart of mechanized farming, driving equipment that reduces manual labor, increases crop yield, and supports large-scale food production. Their development has significantly transformed agriculture by enabling faster land preparation, planting, and harvesting, which ultimately contributes to food security and economic growth worldwide. Increasing Mechanization in Indian Agriculture India's agricultural sector has historically been labor-intensive, with a large portion of the population engaged in farming using traditional tools and manual labor. However, the gradual shift towards mechanization is one of the primary drivers boosting the demand for agricultural engines in the country. Mechanization enhances productivity, reduces dependency on manual labor, and speeds up farming processes such as plowing, sowing, irrigation, and harvesting. Farmers, especially in regions with larger landholdings, are increasingly adopting tractors, power tillers, and irrigation pumps that rely on efficient engines. These engines provide the necessary power and durability to handle rigorous farm work. The government's push through various schemes and subsidies to encourage farm mechanization has also played a vital role in increasing the adoption of agricultural machinery. Furthermore, the rising cost and unavailability of farm labor during peak seasons have accelerated the switch to machines powered by reliable engines. Small and marginal farmers are also gradually adopting low-cost engines and machinery, recognizing the benefits of mechanization in reducing time and labor costs. As mechanization grows, the demand for fuel-efficient, durable, and easy-to-maintain agricultural engines also increases, propelling the market forward. The mechanization level in India has increased from around 40% in the early 2000s to over 55% by 2023, indicating more farmers are adopting machinery. High Initial Cost and Affordability Issues for Small Farmers One of the significant challenges facing the agricultural engines market in India is the high initial cost of purchasing mechanized equipment powered by engines. While mechanization offers clear benefits in terms of efficiency and productivity, the upfront investment required to acquire tractors, power tillers, and irrigation pumps can be prohibitively expensive for many small and marginal farmers. In India, a large proportion of farmers own small landholdings, often less than two hectares, which limits their capacity to invest in costly machinery. Despite subsidies and government schemes, the overall affordability remains a barrier, especially in economically weaker rural regions. Many small-scale farmers depend on informal credit or moneylenders, who charge high-interest rates, making it difficult to finance such investments sustainably. Moreover, the cost of fuel and ongoing maintenance adds to the financial burden, discouraging farmers from purchasing or even maintaining engine-powered machinery. Diesel and petrol prices fluctuate frequently, creating uncertainty in operating costs. For many small farmers, the risk of investing in expensive machinery without assured financial returns can be daunting. The inability to afford agricultural engines often forces small farmers to continue relying on manual labor or traditional methods, which are less efficient and limit productivity gains. This divide between large-scale farmers who can mechanize and small farmers who cannot creates disparities in income and output. To overcome this challenge, there is a growing need for affordable financing options, innovative leasing or rental models, and more cost-effective engine technologies tailored to small-scale farming. Encouraging cooperative ownership of machinery or community-level rental services can also help increase access. Without addressing these affordability issues, the potential of agricultural engines to transform Indian agriculture may remain limited for a substantial portion of the farming population. Shift Towards Sustainable and Fuel-Efficient Engines A prominent trend shaping the Indian agricultural engines market is the increasing focus on sustainability and fuel efficiency. As environmental awareness grows globally and within India, farmers and manufacturers alike are moving towards engines that consume less fuel and emit fewer pollutants. This trend aligns with stricter government regulations on emissions and rising fuel prices, pushing the market toward cleaner, more efficient technologies. Traditionally, many agricultural engines in India have been diesel-powered, known for their power and durability but also for higher emissions and fuel consumption. In response, manufacturers are investing in developing engines that incorporate advanced combustion technologies, electronic fuel injection systems, and better air-fuel management. These improvements enable engines to deliver the required power while significantly reducing fuel use and harmful exhaust emissions. This shift also reflects the broader move towards sustainable farming practices. Farmers are increasingly conscious of the environmental impact of their operations and are adopting mechanized solutions that help minimize carbon footprints. The government supports this transition through policies promoting cleaner fuels and incentivizing energy-efficient machinery. In addition, there is a growing interest in alternative power sources for agricultural equipment. Although still at a nascent stage in India, electric and hybrid engines are beginning to attract attention. The potential benefits include zero emissions, lower operating costs, and quieter operation - features especially appealing for smaller farms and horticultural applications. This trend also influences after-sales services and product innovation. Manufacturers provide maintenance programs aimed at optimizing engine performance and fuel use, while training farmers on eco-friendly operation techniques. As a result, agricultural engines that meet sustainability criteria are gaining a competitive edge in the market. Key Attributes: Report Attribute Details No. of Pages 86 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $2.07 Billion Forecasted Market Value (USD) by 2031 $3.01 Billion Compound Annual Growth Rate 6.8% Regions Covered India Report Scope Key Market Players: Cummins Inc. Caterpillar Inc. Deere & Company AGCO Corporation Mahindra & Mahindra Limited Kubota Corporation Yanmar Co., Ltd. Escorts Limited India Agriculture Engines Market, By Fuel Type: Diesel Petrol India Agriculture Engines Market, By Power: 5 - 75 HP 76 - 350 HP 351 - 750 HP Above 751 HP India Agriculture Engines Market, By End Use: Tractors Pumpset Power Tillers Rotavator Thresher Others India Agriculture Engines Market, By Region: South India North India West India East India For more information about this report visit About 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. Attachment Indian Agriculture Engines Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Thermoplastic Elastomers Market worth $38.94 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 6, 2025 /PRNewswire/ -- The report "Thermoplastic Elastomers Market by Type (SBC, TPU, TPO, TPV, COPE, PEBA), End-use Industry (Automotive, Building & Construction, Footwear, Wire & Cable, Medical, Engineering), Region - Global Forecast to 2030", is expected to reach USD 38.94 billion by 2030 from USD 30.83 billion in 2025, at a CAGR of 4.8%. The thermoplastic elastomers market is expanding rapidly globally, owing to rising demand in the automotive, consumer goods, medical, and construction industries. Thermoplastic elastomers are popular in the automobile sector due to their lightweight, recyclable, and long-lasting qualities, which help promote fuel efficiency and sustainability. Thermoplastic elastomers' biocompatibility and subsequent sterilization capability have further enhanced their use in pharmaceutical packaging and medical device applications. Their flexibility and versatile design potential will drive demand in consumer electronics and footwear. Browse in-depth TOC on "Thermoplastic Elastomers Market". 200 – Tables65 – Figures250 – Pages Download PDF Brochure: Thermoplastic polyolefins to be the second fastest-growing segment in the market Thermoplastic polyolefins (TPOs) are emerging as the second fastest-growing category of thermoplastic elastomers, mainly due to their excellent performance, low price, and recyclability. TPOs are commonly used in automotive applications such as dashboards, interior trims, and bumpers. They excel in protective applications because of their good impact resistance, UV stability, and low density. Increased TPO adoption can also be attributed to a growing desire for sustainable materials and the desire for more fuel-efficient vehicles. Besides automotive applications, TPOs are used in consumer goods, roofing membranes, and packaging as they are resistant to weather exposure and easy to process. TPOs are gaining acceptance globally, partly due to technological advancements and associated regulatory pressure for environmentally friendly materials. Automotive holds the largest share in the thermoplastic elastomers market The automotive industry was the largest share of the thermoplastic elastomers market in 2024, as it increasingly shifts toward using lighter, more durable, and recyclable materials. Thermoplastic elastomers find their way into various composite vehicle components, such as seals and gaskets, bumpers, trim, and parts located under the hood. With the growing production of electric and hybrid vehicles, the demand has increased for high-performance materials that provide efficiency and reduce vehicle weight. Increased regulation surrounding sustainability and fuel efficiency also pushes automotive manufacturers to use thermoplastic elastomers instead of other materials. Request Sample Pages: Asia Pacific accounted for the largest share of the market. The automotive, construction, and consumer goods industries' strong demand for thermoplastic elastomers contributed to Asia Pacific's dominant market share in 2024. Thermoplastic elastomers' consumption has been significantly impacted by rapid industrialization, urbanization, and increased vehicle manufacturing in countries like China, India, and Japan. Additionally, several government policies and regulations emphasizing recyclable and sustainable materials are contributing to the growth of the thermoplastic elastomers market. For example, the "Made in China 2025" program and China's increasing environmental standards encourage the adoption of advanced and sustainable materials like thermoplastic elastomers. The region will continue to be driven by ongoing infrastructure projects and rising consumer demand. Request Customization: The Thermoplastic Elastomers market comprises major players such as Arkema SA (France), Asahi Kasei Corporation (Japan), BASF SE (Germany), The Dow Chemical Company (US), Covestro AG (Germany), Huntsman Corporation (US), Exxon Mobil Corporation (US), Lubrizol Corporation (US), Mitsubishi Chemical Company (Japan), and DuPont de Nemours, Inc (US). Get access to the latest updates on Thermoplastic Elastomers Companieshttps:// and Thermoplastic Elastomers Market Sizehttps:// Browse Adjacent Market: Adhesives Sealants Lubricants Market Research Reports & Consulting Related Reports: Thermoplastic Polyurethane (TPU) Market Automotive Carbon Thermoplastic Market About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content to download multimedia: SOURCE MarketsandMarkets Sign in to access your portfolio
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Asia-Pacific Paints & Coating Market Trends, Competition, Forecasts and Opportunities, 2030F: Surge in Demand from Infrastructure and Smart City Projects, Rapid Urbanization and Infrastructure Growth
Key market opportunities in the Asia-Pacific Paints & Coatings Market are driven by rapid urbanization and infrastructure growth in China, India, and Southeast Asia, leading to increased demand for decorative and protective coatings. There is a strong shift towards eco-friendly, water-based products due to environmental awareness and regulations. Asia-Pacific Paints & Coating Market Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Paints & Coating Market, By Country, Competition, Forecast and Opportunities 2020-2030F" has been added to offering. The Asia-Pacific Paints & Coating Market was valued at USD 60.15 Billion in 2024 and is expected to reach USD 93.40 Billion by 2030, rising at a CAGR of 7.45% Market growth is fueled by accelerated urbanization, infrastructure development, and industrial expansion in countries such as China, India, Japan, and across Southeast Asia. Rising construction activities in both residential and commercial segments are significantly increasing the demand for decorative and protective coatings. Furthermore, a growing shift toward eco-friendly, water-based products - driven by environmental awareness, stricter regulations, and the adoption of green building norms - is reshaping product innovation and formulation strategies. Governments in the region are introducing VOC emission regulations, prompting manufacturers to focus on sustainable and high-performance coatings. This regulatory push, combined with smart city initiatives and infrastructure modernization, is driving advancements in product durability, environmental safety, and functional performance, supporting robust growth in the regional paints and coatings industry. Rapid Urbanization and Infrastructure Growth The Asia-Pacific region is undergoing swift urban development, especially in countries like China, India, Indonesia, and Vietnam, which is significantly boosting demand for paints and coatings across both new construction and refurbishment projects. As of 2024, over 55% of the population resides in urban areas - a figure expected to climb to nearly 65% by 2030. Governments are actively investing in smart city development and infrastructure enhancements, including housing, commercial buildings, bridges, airports, and metro systems. In India, for example, more than 100 smart city projects are progressing, stimulating the need for protective coatings on steel, concrete, and wooden surfaces. Around 20 million new residential units are also being constructed annually, contributing to increased consumption of both interior and exterior coatings. Maintenance activities for public infrastructure, growing at an estimated 10% per year, are also driving recurring demand. Paints and coatings are now essential not only for aesthetic purposes but also for protecting structures against environmental damage. This rising need has prompted manufacturers to scale up production capacities across Southeast Asia, establishing urban and infrastructure growth as a key market driver. Fluctuating Raw Material Prices The volatility in raw material costs remains a major challenge for the Asia-Pacific paints and coatings market. Essential inputs such as titanium dioxide, resins, acrylics, and solvents are subject to frequent price fluctuations driven by crude oil market dynamics, geopolitical instability, and global supply chain constraints. As many countries in the region, including India and Vietnam, rely on imports for these materials, any disruption significantly impacts production costs. Titanium dioxide alone can constitute up to a quarter of the cost in decorative coatings, and its price has seen considerable variability due to mining and refining issues worldwide. These unpredictable costs compress profit margins, especially for smaller manufacturers who struggle to pass on increases to price-sensitive consumers. Even larger companies, constrained by long-term contracts, face challenges in adjusting pricing rapidly. Consequently, the instability in raw material pricing adds complexity to production planning, procurement, and competitive positioning within the market. Surge in Demand from Infrastructure and Smart City Projects Infrastructure development and smart city initiatives are emerging as dominant trends influencing the paints and coatings market across Asia-Pacific. Countries such as India, China, and Indonesia are investing heavily in public infrastructure, including transport systems, urban housing, and civic amenities. Projects like India's Smart Cities Mission and China's Belt and Road Initiative are contributing to large-scale demand for specialty coatings used in tunnels, bridges, high-rises, and public facilities. These infrastructure-related coatings require advanced properties such as self-cleaning, heat reflectivity, anti-graffiti, and corrosion resistance to withstand environmental stress and ensure long-term durability. As a result, manufacturers are innovating to develop products that offer both functional performance and regulatory compliance. These coatings are becoming integral to modern infrastructure, reinforcing this trend as a major growth catalyst for the industry. Key Attributes: Report Attribute Details No. of Pages 123 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $60.15 Billion Forecasted Market Value (USD) by 2030 $93.4 Billion Compound Annual Growth Rate 7.4% Regions Covered Asia Pacific Report Scope Key Market Players: Kansai Paint Co. Ltd Nippon Paint Holdings Co. Ltd Asian Paints Ltd Avian Brands Shalimar Paints Limited Berger Paints India Limited Chugoku Marine Paints Ltd PPG Industries, Inc. Akzo Nobel N.V Asia-Pacific Paints & Coating Market, By Technology: Water-borne Solvent-borne Powder Others Asia-Pacific Paints & Coating Market, By Resin Type: Acrylic Alkyd Polyurethane Epoxy Polyester Others Asia-Pacific Paints & Coating Market, By End-User Industry: Architectural/Decorative Automotive Wood Protective General Industrial Transportation Packaging Asia-Pacific Paints & Coating Market, By Country: China Japan India South Korea Australia Singapore Thailand Malaysia Rest of Asia-Pacific For more information about this report visit About 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. Attachment Asia-Pacific Paints & Coating Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
