Latest news with #CMI
Deccan Herald
6 days ago
- Business
- Deccan Herald
26 years after establishment, Bengaluru's Kristu Jayanti gets university status
The institution, run by the Bodhi Niketan Trust of the Carmelites of Mary Immaculate (CMI), received the status under Section 3 of the University Grants Commission (UGC) Act, 1956 (General Category), 26 years after its establishment.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Corrugated Pipe Market Set for Strong CAGR of 6.3 % Growth Amid Infrastructure Boom
According to Coherent Market Insights (CMI), the global corrugated pipe market is estimated to be valued at USD 17,593.8 Mn in 2025 and is expected to reach USD 27,000.9 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032. The global corrugated pipe market is experiencing significant growth, driven by rising investments in wastewater management and transportation infrastructure projects across both developed and developing regions. A key market trend is the increasing demand for sustainable infrastructure materials. Modern corrugated pipes, made from steel and plastic, offer enhanced durability and longer lifespans compared to traditional alternatives, further boosting their adoption. Global Corrugated Pipe Market Key Takeaways Global demand for corrugated pipes is slated to increase at a CAGR of 6.3% during the forecast period. PVC corrugated pipes remain the top-selling type, accounting for 37.2% of the global corrugated pipe market share in 2025. Agriculture and horticulture drainage is the most lucrative application for corrugated pipes, generating a market revenue of around USD 6.36 Bn in 2025. North America is expected to lead the global corrugated pipe industry, accounting for a prominent revenue share of 36.3% in 2025. Asia Pacific is set to become a happy hunting ground for corrugated pipe manufacturers during the assessment period. Rise in Infrastructure Development Spurring Market Growth Coherent Market Insights' latest corrugated pipe market research report highlights key factors driving market growth. One such key growth driver is the increasing infrastructure development globally. Rapid urbanization and industrialization are creating demand for efficient drainage, sewage, and cable protection systems. This is putting corrugated pipes into the limelight as they are increasingly used in road construction, underground wiring, and water management systems. Nations like the United States and China are increasingly investing in large infrastructure projects, including bridges, roads, and smart cities. Such developments require durable and efficient drainage systems. Corrugated pipes are widely used in these projects due to their strength and flexibility. According to the U.S. Census Bureau, total construction spending in the United States reached about USD 841 billion during the first five months of 2025. This sustained investment trend is expected to significantly boost the corrugated pipe market growth during the forecast period. Buy this Complete Business Research Report: Raw Material Volatility and Environmental Concerns Limiting Growth The future corrugated pipe market outlook looks promising. However, fluctuating raw material prices and growing environmental concerns may restrain market growth to some extent during the forecast period. Corrugated pipes are mostly made from materials like PVC, polypropylene, and HDPE. These materials are derived from petrochemicals and are therefore subject to the volatility of global oil and gas markets, which can adversely affect production costs and market stability. Moreover, usage of non-biodegradable plastics in corrugated pipes is raising environmental concerns, prompting governments to introduce stringent environmental regulations. These regulations might also limit overall corrugated pipe market demand during the forecast period. Rising Demand from Agriculture Industry Creating Lucrative Growth Opportunities The agriculture industry is expanding steadily due to rising global food demand and increasing adoption of advanced agricultural technologies. This trend is creating lucrative growth opportunities for corrugated pipe companies during the forecast period. Corrugated pipes are increasingly used in agricultural applications like drainage and irrigation systems. This is due to their flexibility, lightweight, and ease of installation. Their growing usage in the agriculture sector is set to boost sales growth. Similarly, increasing government initiatives promoting modern farming practices will uplift corrugated pipe demand. Emerging Corrugated Pipe Market Trends Increasing adoption of corrugated pipes in stormwater management is a key trend shaping the market. Climate change and rising instances of heavy rainfall are driving demand for advanced stormwater management solutions, including corrugated pipes. These pipes are ideal for such systems due to their durability, lightweight nature, and resistance to environmental conditions like corrosion. Rise in smart cities projects is expected to bolster sales of corrugated pipes during the assessment period. These pipes are widely used for drainage systems and cable protection in urban infrastructure. Growing awareness about the benefits of corrugated pipes is also contributing to market expansion. Corrugated pipes are more lightweight, cost-effective, corrosion-resistant, and easy to install compared to traditional piping systems. These advantages are driving their adoption across residential, industrial, and commercial sectors, thereby boosting the market. Expansion of broadband networks, 5G infrastructure, and power grid modernization is driving increased demand for protective piping systems like corrugated pipes. These pipes are widely used to shield underground power cables and fiber optic lines from environmental damage, mechanical stress, and moisture. Another emerging trend in the corrugated pipe market is development of smart pipe technologies. Leading manufacturers of corrugated pipes are integrating sensors and smart monitoring systems for leak detection and improved system performance. Some companies are also focusing on using recycled and bio-based materials to reduce environmental impact. These innovations are expected to create new revenue streams for the corrugated pipe industry in the coming years. Analyst's View 'The global corrugated pipe industry is poised to grow significantly, owing to increasing infrastructure development, expanding usage of corrugated pipes in agriculture, and advancements in material technology,' said Yash Doshi, a senior analyst at CMI. Current Events and Their Impact on the Corrugated Pipe Market Competitor Insights Key companies in the corrugated pipe market report: - Bina Plastic Industries Sdn. Bhd - Pacific Corrugated Company - Dura Life India - Jain Irrigation Systems Ltd. - Fränkische Industrial Pipes Gmbh - Pars Ethylene Kish Co. - Contech Engineered Solutions LLC - JM Eagle Inc. - Crown Pipes - Dutron - Jindal Plast - Jagannath Industries - Shree Darshan Pipes - Mipa Industries - Kuzeyboru Key Developments In May 2025, SIBUR unveiled a new grade of polypropylene called PPI003 EX for the production of corrugated pipes. The new formulation features improved strength characteristics, making it ideal for sewer and drainage infrastructure, where such pipes are commonly used. In April 2024, Ameritex Pipe & Products announced the construction of a new facility at its Conroe, Texas, campus for producing HDPE/PP corrugated plastic pipes. The new facility will help the company address the growing demand for corrugated plastic pipes in the region. Detailed Segmentation- By Type: Polyethylene (PE) Corrugated Pipes Polypropylene (PP) Corrugated Pipes PVC Corrugated Pipes HDPE Corrugated Pipes Others By Applications: Agriculture & Horticulture Drainage Road & Highways Drainage Structural Drainage & Culverts Sewerage & Waste Water Systems Others About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Mold Remediation Service Market to Surpass USD 1,751.9 Million by 2032 Amid Increasing Water Damage Cases
Mold Remediation Service Market is estimated to be valued at USD 1,340.3 Mn in 2025 and is expected to reach USD 1,751.9 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 3.9% from 2025 to 2032. Residential mold restoration services encompass water damage repair, mold remediation, odor removal, weather damage repair, board-up services, and fire damage restoration. Common causes of mold growth during construction include insufficient building protection, inadequate site drainage, water accumulation in basements, and related moisture issues. Global Mold Remediation Service Market Key Takeaways According to Coherent Market Insights (CMI), the global mold remediation service market size is projected to surpass USD 1,751.9 Mn by 2032, up from USD 1,340.3 Mn in 2025. Global demand for mold remediation services is expected to grow at a moderate CAGR of 3.9% during the assessment period. Based on service, remediation segment is set to account for 63.4% of the global mold remediation service market share in 2025. By application, residential segment is slated to dominate the mold remediation service market during the forecast period. North America is poised to maintain its market dominance, accounting for over one-third of the global industry share in 2025. Asia Pacific is anticipated to remain the second-leading market for mold remediation services during the forecast period. Rising Incidence of Water Damage Boosting Market Growth Coherent Market Insights' latest mold remediation service market research report highlights key factors driving market growth. One such key growth driver is the increasing incidence of water damage due to extreme weather events as well as infrastructure-related issues. There has been a notable rise in cases of water leakage, flooding, and plumbing failures in residential and commercial properties, leading to mold growth. This is expected to drive sustained demand for mold remediation services during the forecast period. Mold remediation services play a critical role in identifying, containing, removing, and preventing mold contamination in buildings. These services are effective at addressing the root causes of mold proliferation, especially moisture issues, through comprehensive mitigation strategies. High Cost and DIY Trend Limiting Market Growth The future mold remediation service market outlook looks optimistic. However, high cost of professional mold remediation and growing popularity of do-it-yourself solutions may constrain market growth to some extent during the forecast period. Professional mold removal services can be expensive, especially in cases involving widespread contamination. These high costs can deter many homeowners and businesses from seeking professional help, potentially reducing overall mold remediation service market demand. Moreover, many people prefer to address mold issues themselves through DIY mold cleaning kits and online guides. This trend might further restrain growth of the mold remediation service market. Rising Awareness of Health Risks Creating Lucrative Growth Opportunities People across the world are becoming increasingly aware of the health issues associated with mold exposure, including respiratory infections and allergic reactions. This growing awareness is prompting them to invest in timely mold remediation, opening lucrative opportunities for mold remediation service providers. Similarly, regulatory bodies like the U.S. EPA and OSHA have established mold inspection and removal standards. These regulations encourage property owners and facility managers to seek professional mold remediation services, further supporting industry growth. Impact of AI on the Mold Remediation Service Market Artificial intelligence (AI) integration is improving service quality, minimizing human error, and boosting customer satisfaction in the mold remediation industry. It is changing the way companies detect, assess, and manage mold-related issues. AI-powered tools like smart sensors and image recognition software enable early detection of mold growth. They help in reducing property damage and remediation costs. Predictive analytics helps professionals assess risk areas and optimize treatment plans. Similarly, automation streamlines inspection and documentation processes. Emerging Mold Remediation Service Market Trends A key trend in the mold remediation service market is the growing adoption of advanced technologies like moisture meters, infrared cameras, and HEPA filtration systems. These tools significantly enhance accuracy, efficiency, and effectiveness of remediation efforts. This technological shift is expected to be a key driver of growth in the mold remediation service industry. Rise in construction and renovation activities is likely to boost the mold remediation service market growth during the forecast period. These activities often disrupt insulation or water systems, potentially leading to mold issues. As a result, the demand for mold remediation services is expected to rise in both residential and commercial sectors. Leading mold remediation service providers are increasingly adopting green cleaning agents and mold prevention products in response to growing environmental and health concerns. This trend toward eco-friendly and non-toxic solutions is expected to contribute to the growth of the mold remediation service industry in the coming years. Analyst's View 'The global mold remediation service industry is poised to experience moderate growth, owing to rising incidence of water damage, increasing health awareness, implementation of stringent regulations, and growing demand for indoor air quality management across residential and commercial sectors,' said Yash Doshi, a senior analyst at CMI. Current Events and Their Impact on the Mold Remediation Service Market Event Description and Impact Record-Breaking Floods in the U.S. and Europe (2024–2025) Description: In 2024 and early 2025, unprecedented flooding hit parts of California, Texas, Germany, and Northern Italy due to atmospheric rivers and changing rainfall patterns. Impact: This led to a surge in mold remediation demand in affected regions as insurers and homeowners prioritize structural recovery. Rising Litigation Over Indoor Mold Exposure in Schools and Public Buildings Description: Multiple lawsuits have been filed in 2024 across the U.S. (notably in New York) concerning mold-related illnesses due to poor facility maintenance. Impact: These legal pressures are prompting municipalities and school districts to invest in certified mold remediation and preventive maintenance services. AI and Drone Integration in Mold Inspection Description: In 2025, startups and large environmental service firms introduced AI-enabled sensors and drones for mold detection in high-risk or inaccessible areas. Impact: These innovations enhance scalability, reduce labor time, and create a competitive edge for tech-integrated mold remediation service providers, especially in commercial and industrial segments. Competitor Insights Key companies in the mold remediation service market report: - 911 Restoration - AdvantaClean - ADU (All Dry USA) - ASAP Restoration, LLC - PuroClean - BELFOR - All US Mold Removal - COIT Pro - Flood Pros USA - IDC - Mold Zero - GIORDANO RESTORATION - Paul Davis Restoration, Inc. - Snyder Environmental - Restoration Pro - ServiceMaster Restore - RestoreMasters LLC - SERVPRO - Taylored Restoration - South Florida Water and Mold Restoration, Inc. Key Developments In January 2025, The Mold Genius launched a new comprehensive mold remediation service across the Chicagoland and the Northwest suburbs. The new service looks to bring pure cloud technology and expert solutions to home owners. It aims to revolutionize how homeowners address mold issues and indoor air quality concerns. In June 2024, Mold Remediators USA launched new remediation and removal services across the nation. This expansion aims to provide faster, certified mold solutions to both residential and commercial clients nationwide. Detailed Segmentation: Global Mold Remediation Service Market, By Surface Type: Drywall Wood Products Ceiling Tiles Carpets Others Global Mold Remediation Service Market, By Mold Type: Allergic Pathogenic Toxic Global Mold Remediation Service Market, By Service: Inspection Remediation Restoration Global Mold Remediation Service Market, By Application: Residential Commercial Industrial About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
The Star
22-07-2025
- Business
- The Star
PDC cooperating with investigation into MBI scheme, says CM
GEORGE TOWN: Penang Development Corporation (PDC) has submitted all relevant documents to Bukit Aman's Anti-Money Laundering Division to assist in the investigation into the Mobility Beyond Imagination (MBI) investment scheme, says Penang Chief Minister Chow Kon Yeow. Chow said the documents, which included minutes of meetings and financial records related to the Penang World City (PWC) project, have been submitted to the Bukit Aman special task force on July 18. The task force had visited PDC on July 9 and had handed over a letter on the same day requesting PDC to surrender the documents as part of the investigation to trace the flow of funds associated with the MBI investment scheme, he said. 'The request was specifically for documentation concerning payments made to PDC for the purchase of land by Mutiara Metropolis Sdn Bhd (MMSB), formerly known as Tropicana Ivory Sdn Bhd (TISB). 'The focus of the investigation, as conveyed to PDC, is to examine whether any of the funds paid to PDC by MMSB between 2011 and 2019 may have been linked to the MBI scam,' Chow told a press conference yesterday. Chow, who is also PDC chairman, was responding to questions by the media on whether PDC was being investigated by the police concerning the MBI scam. He said PDC is assisting the authorities in its capacity as a stakeholder in past commercial transactions relevant to the probe. The chief minister also noted that the visit by the task force was part of a broader effort to track financial flows nationwide, involving the efforts of multiple entities and jurisdictions. Currently, he said there are four agreements signed pertaining to the PWC project which are the Purchase and Development Agreement between Chief Minister of Penang (Incorporation) (CMI), PDC and Ivory Properties Group Berhad (IPGB) on Nov 11, 2011. The First Supplemental Agreement between CMI, PDC and IPGB was dated Oct 24, 2013. The Second Supplemental Agreement between CMI, PDC and IPGB was dated June 23, 2014 and a Novation-cum-Supplemental Agreement between PDC, CMI, IPGB and TISB was dated Nov 1, 2019, he said. Chow said as of July this year, MMSB stated that the reclamation works pertaining to the PWC project is about 68% completed, while the overall development progress (encompassing both existing and future phases of reclaimed land) has reached an estimated 44% completion. He reiterated PDC's commitment to transparency, integrity, and to provide full cooperation with all relevant enforcement agencies. Chow was quoted in news reports in March, explaining that PDC has no link to the defunct pyramid scheme MBI.
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Construction Materials Market to Exceed USD 1.57 Trillion by 2025, Fueled by Booming Residential and Commercial Construction
The global construction materials market is estimated to be valued at USD 1.57 Tn in 2025 and is expected to reach USD 2.47 Tn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2025 to 2032. Rising urbanization and the surge in infrastructure development projects in both developed and developing nations are set to significantly boost the demand for construction materials. Moreover, increasing investments in non-residential construction—particularly in commercial complexes, healthcare facilities, and transportation infrastructure—are anticipated to further propel market growth. Global Construction Materials Market Key Takeaways According to Coherent Market Insights (CMI), the global construction materials market size is projected to reach a whooping USD 2.47 Tn by 2032, up from USD 1.57 Tn in 2025. Global demand for construction materials is slated to increase at a CAGR of 6.7% during the forecast period. Cement is expected to remain a highly sought-after material type during the assessment period, generating a market revenue of around USD 0.47 Tn in 2025. Residential construction is likely to remain the most lucrative application for construction materials, accounting for a global market share of 43.9% in 2025. North America is slated to lead the industry, accounting for more than 3/5 of the global construction materials market share in 2025. As per CMI's new construction materials market analysis, Asia Pacific is poised to witness fastest growth over the forecast period. Residential and Commercial Construction Boom Spurring Market Growth Coherent Market Insights' latest construction materials market report highlights key factors driving market growth. One such key growth driver is the ongoing boom in residential and commercial construction. Rapid urbanization and population growth in emerging economies like China and India are increasing demand for housing and commercial infrastructure, such as shopping malls and office spaces. This rising demand is expected to fuel consumption of construction materials over the forecast period. Fluctuating Raw Material Prices Limiting Market Growth The future construction materials market outlook looks optimistic. However, fluctuating prices of essential raw materials may constrain market growth to some extent during the forecast period. Key construction materials like cement, lumber, and steel often experience high price volatility due to factors like geopolitical tensions, supply chain disruptions, and inflation. This pricing instability can negatively impact construction materials market demand, as it raises project costs and delays construction activities. Buy this Complete Business Research Report: Increasing Infrastructure Spending Creating Growth Opportunities Governments in nations like China and the United States are significantly investing in large-scale infrastructure projects, including roads, railways, bridges, and smart cities. For example, according to the U.S. Census Bureau, total construction spending in the United States reached approximately USD 841 billion during the first five months of 2025. This continued increase in infrastructure investment is anticipated to generate substantial growth opportunities for construction material companies throughout the forecast period. Impact of AI on the Construction Materials Market Artificial Intelligence (AI) is positively impacting the construction materials market. It enhances efficiency, reduces costs, and improves decision-making. AI helps manufacturers forecast demand, optimize inventory, and streamline supply chain operations. In construction, AI-driven technologies enable real-time quality control, automate material testing, and support development of innovative, sustainable materials. AI also facilitates smart construction planning by integrating material data with project timelines, leading to reduced waste and improved resource utilization. Overall, AI is fostering a more data-driven and sustainable approach in the construction materials industry. Emerging Construction Materials Market Trends Sustainability and green building trends are significantly driving the growth of the construction materials industry. Homeowners and builders are becoming increasingly aware of the environmental impact of construction practices. This is boosting demand for recyclable, low-carbon, and energy-efficient materials. Another prominent growth-shaping trend in the construction materials market is the increasing renovation and remodeling activities. Homeowners, especially in developed nations, are increasing investments in home renovation projects. This trend is expected to fuel sales of construction materials like cement and metals. Technological advancements in building materials are positively shaping the target industry. Leading companies are striving to develop eco-friendly, sustainable, and lightweight materials, such as green cement and precast concrete, to improve construction efficiency and help end users comply with environmental regulations. Many industry players are shifting their focus towards creating smart construction materials, including self-healing concrete and carbon fiber composites that offer energy efficiency and longer durability. For instance, in 2024, Basilisk Self-Healing Concrete was launched in the United States. These innovations are expected to boost the construction materials industry value and growth. Rise of prefabrication and modular construction is unlocking new growth opportunities for construction material companies. There is a growing trend towards using prefab and modular construction techniques across various regions. This drives demand for specialized materials for off-site manufacturing and usage. Analyst's View 'The global construction materials industry is poised to experience strong growth, owing to expanding residential and commercial construction activities, increased infrastructure investments, rising adoption of green building practices, and ongoing advancements in building material technologies,' said Yash Doshi, a senior analyst at CMI. Current Events and Their Impact on the Construction Materials Market Competitor Insights Key companies listed in the construction materials market research report: - HeidelbergCement - LafargeHolcim - CRH plc - Martin Marietta Materials, Inc. - Cemex S.A.B. de C.V. - Lehigh Hanson, Inc. - Boral Limited - Saint-Gobain - Groupe Eiffage - Taiheiyo Cement Corporation - Anhui Conch Cement Company - China National Building Material Group Corporation - UltraTech Cement Limited - Knauf GIPS KG - James Hardie Industries plc - Kiewit Corporation - Fletcher Building Limited - Sika AG - Ytong (Xella Group) - BASF SE Key Developments In April 2024, Navrattan Group announced plans to introduce green cement in India. This eco‑friendly alternative to conventional Portland cement is designed to reduce carbon emissions and lessen the environmental impact of concrete production, while maintaining performance and durability. In October 2024, CRH Ventures introduced a new accelerator program, Sustainable Building Materials. This program is aimed specifically at early‑stage startups in ConTech and ClimateTech. Its mission is to support market‑ready solutions that minimize waste, reduce emissions, and improve energy efficiency across the construction value chain. In January 2024, Heidelberg Materials launched evoBuild, a new global brand for low-carbon and circular products. This move is aimed at strengthening the company's presence in the building materials industry.
