During the forecast period, the Egyptian paint and coatings market is expected to grow at a compound annual growth rate of more than 4%. The main factor driving the researched market is increased investment in the petrochemical and residential sectors.
New York, May 12, 2021 (Global News)-Reportlinker.com announced the release of the report “Egypt Paint and Coatings Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)”-https: /// /www.reportlinker.com/p06067811/?utm_source=GNW-Slow car production and the outbreak of COVID 19 may hinder market growth. Market research-the end user industry, due to the increase in construction activities in the region, the construction sector is expected to dominate the market. Main market trends Acrylic resins will dominate the market-acrylic resins are the most widely used polymer in coatings and the coating industry. Most acrylic paints are water-based or solvent-based and can be obtained in the form of emulsions (latexes), varnishes (low solids content), enamels (high solids content) and powders (100% solids content). There are many types and combinations of common acrylic polymers, such as methyl methacrylate and butyl methacrylate. For cheap coatings, polyvinyl acetate is mainly used. -The two main forms of acrylic are thermoplastic and thermoset. Thermoplastic acrylic resin is a synthetic resin obtained by polymerization of different acrylic monomers. Thermosetting plastics cure at high temperatures by reacting with other polymers. -There are two types of thermoplastic acrylic resins, namely solution acrylic and acrylic latex paint. Alpha-solution acrylic: They are one-component thermoplastic coatings that can be dried and cured by solvent evaporation. They are used in wooden furniture and automotive finishes, aerosol coatings and maintenance coatings. They have a relatively high molecular weight and a relatively low solids content, so they can achieve viable viscosities. Alpha-acrylic latex coatings: They are stable and allow fine dispersion of the polymer in water. Because of their extremely low volatile organic compounds (VOC), ease of use and soap cleaning, they are widely used in the coatings industry. Acrylic latex paint accounts for most of the house paint and architectural paint. -Thermosetting acrylic is used in metal furniture coatings, automotive topcoats, maintenance coatings, electrical appliances and other original equipment manufacturing coatings. They have major performance advantages such as gloss, external durability, corrosion resistance, chemical resistance, solvent resistance and hardness. ? -Acrylic resin has the characteristics of transparency, high tinting power and UV resistance in the coating solution. They are very commonly used in water-based systems, thereby reducing VOC emissions. The application of acrylic paint results in higher surface hardness. In certain applications, such as walls, decks and roofs, if used with certain fluids, acrylic paints can provide a flexible finish to improve the surface’s UV resistance. In fact, acrylic paint is the most widely used architectural paint. -The application of acrylic coatings is mainly found in the construction industry for high-end finishes in roofs, decks, bridges, floors and other applications. Due to environmental concerns, such as the negative impact of volatile organic compounds on ambient air quality, there is a great demand for water-based acrylic paints. Other applications of α-acrylic paint and coatings can be found in ships and structures, automobiles, electrical products, machinery and various metal products. -Vinyl acrylic paint and paint: Vinyl acrylic resin is formed by copolymerization of vinyl acetate and acrylate monomers. These resins are commonly used in architectural and decorative coatings and coatings. Alpha-vinyl acrylic resins are also used in engineered nonwoven fabrics, as well as paper saturation for industrial and consumer applications. Acrylic resin has an unpleasant smell, which is not present in vinyl acrylic resin. Therefore, they are the first choice for architectural and decorative coatings. ? The growth in demand in the construction sector-so far, architectural paints and coatings are the largest part of the entire paint and coatings industry. Architectural coatings are designed to protect and decorate surface features. These are used to paint buildings and houses. Most are designated for specific purposes, such as roof coatings, wall coatings and deck finishes. Regardless of its use, every architectural coating must provide a certain degree of decoration, durability and protection. α-Architectural coatings are used in applications ranging from commercial purposes, such as office buildings, warehouses, retail convenience stores, shopping malls to residential buildings. Such coatings can be applied on the outer and inner surfaces, and include sealants or specialty products. Architectural coatings can be divided into internal coatings and external coatings. -Durability, leather, stain resistance and low VOC are essential features in every indoor paint formulation. They are not only used for decorative purposes, but can also be used for multiple functions depending on the type of environment used. For example, due to humidity, the walls of the bathroom must be wiped to keep it clean. Glossy paint has a tighter molecular structure than flat paint, which makes it more difficult for moisture to penetrate. Therefore, these types of paint are used in bathrooms. ? -On the walls of the living room and bedroom, most homeowners prefer to use the color of their choice. Acrylic paints are the first choice for living room and bedroom walls because they offer a variety of options in terms of colors and shades. As far as the ceiling is concerned, most of the ceilings are painted white so that they can reflect most of the ambient light in the room, making the room spacious and comfortable. The masonry walls of the basement often see water. In this area, an elastic paint that expands under pressure is used to prevent water leakage. -Exterior wall coatings and coatings seek ease of application, durability, and protection against extreme weather (from rainy days to high temperatures in hot summers). Modern advances in coating technology, especially the development of acrylic formulations, have provided a wide range of weather-resistant coatings. ? -In Egypt, the main focus of exterior paint is heat and ultraviolet rays. In order to overcome heat accumulation, paint companies have begun to use IR reflective pigments because it can provide high heat reflection in the desert. ? -Construction activities play an important role in the regional economic development of Egypt. Since 2014, with the development of tourism and the improvement of people’s living standards, the construction industry in Egypt has been developing steadily. The country plans to build new cities and urban spaces to solve the serious housing shortage and increase the middle class’s demand for less crowded housing options and improved lifestyles. The Ministry of Housing, Utilities and Urban Communities said that Egypt needs to build 500,000 to 600,000 new houses every year to keep up with the demand for residential construction, thereby driving the paint and coatings market limited to the construction sector? -Government statistics show that the population of Egypt is about 97 million people living on only 6% of the land. The capital Cairo (Cairo) has a population of approximately 20 million and is one of the largest and most crowded cities in the world. It is predicted that the population of the city may double by 2050, so it is necessary to build new living spaces. All these forecasts are expected to increase the demand for paints and coatings? -In 2019, Egypt completed the construction of 14 new cities in the name of “fourth generation cities”. The total area of these 14 new cities is approximately 380,000 acres, accounting for 50% of the total area of urban communities implemented in the past 40 years. And has more than 6.5 million residents. In March 2019, the Ministry of Housing and Urban Utilities announced that the construction of more than 40,000 housing units and various other facilities and services in the new administrative capital may be completed by the end of June 2020. Due to COVID-19, the coatings market for building construction is expected to be weak in the short term, and growth will pick up in the latter part of the research period. ? -PACHIN, SCIB coatings, Sipes and GLC coatings are some of the competitive landscapes. Egypt’s paint and coatings market is essentially consolidated, with the top five participants occupying more than 70% of the market share. Some of the major companies in the market include Scib Coatings (Asian Coatings), MIDO Coatings, PACHIN, Akzo Nobel NV, GLC Coatings and Sipes Egypt. Reasons for purchasing this report:-The market estimate (ME) form is in Excel format-3 months of analyst support. Read the full report: https://www.reportlinker.com/p06067811/?utm_source=GNW Award-winning market research solutions. Reportlinker can find and organize the latest industry data, so you can get all the market research you need in one place. __________________________
(Bloomberg)-Tesla CEO Elon Musk said that the electric car manufacturer is suspending purchases of Bitcoin, which has triggered a decline in digital currency. Musk cited “concerns about rapid increase in usage” in a Twitter post on Wednesday. Fossil fuel used for Bitcoin mining and trading. “In his post, Tesla may accept other cryptocurrencies that use Bitcoin “to fall below US$150,000 and below US$50,000 in Asian transactions.” Musk’s move came after Tesla disclosed in February that it had purchased $1.5 billion in bitcoin and planned to accept it as bitcoin. Paid. This statement makes cryptocurrency more and more acceptable, becoming an increasingly popular method of payment and investment, especially from large members of the S&P 500 index and a high-profile CEO. The CEO has attracted widespread attention among retail investors and the public. The support page of Tesla’s website specifically for Bitcoin pointed out that Bitcoin is the only cryptocurrency that Tesla accepts in the United States. Musk also frequently tweeted about Dogecoin, which made a joke in 2013, and he joked that he was “Dogefather” before hosting the “Saturday Night Live” performance on May 8. During the peace period, he tweeted on Tuesday: “Do you want Tesla to accept the Governor?” Tesla’s addition of Bitcoin to its balance sheet was the most obvious catalyst during this year’s rebound. Digital currency. On the same day, Bitcoin rose 16%, setting the biggest one-day gain since Covid-19 triggered financial market turmoil in March 2020. After Mastercard, Bank of New York Mellon and other companies took action to facilitate customers, optimism intensified the use of Bitcoin and promoted the mainstream revival. Bitcoin soared from approximately US$29,000 at the end of last year to nearly US$65,000 in April. Bitcoin mining consumes 66 times as much electricity as at the end of 2015. Carbon emissions are related. According to a recent report by Citigroup Inc., Musk is no stranger to the environmental impact of cryptocurrencies. Cathie Wood’s Ark Investment Management LLC released a report last month stating that Bitcoin may actually be good for the environment. Jack Dorsey of Twitter Inc. retweeted an article in the white paper and commented that Bitcoin “incentivizes renewable energy.” When Musk responded to Dorsey’s tweet, he said simply: “Correct.” On Wednesday, Musk’s tweet shocked the cryptocurrency community, including Castle Investment Management partner Nic Carter and leading voices among Bitcoin energy use defenders. Will he do his best before accepting Bitcoin? Carter said. It is not clear what prompted this decision. Tesla’s chief financial officer Musk and Zachary Kirkhorn did not respond to email inquiries for comment. After Musk tweeted, the company’s website still has information on how to pay with Bitcoin (full text update). For more information on such articles, please visit Bloomberg.com ©2021 Bloomberg LP Subscribe now to keep The leading news source for the most trusted business.
New York (Reuters)-On Wednesday, the U.S. stock market suffered its biggest decline in at least 11 weeks. The benchmark U.S. Treasury yield jumped after data showed that consumer prices in April unexpectedly rose to their highest level in nearly 12 years. , Prompting people to bet on an earlier rate hike. The U.S. consumer price index rose 0.8%, higher than the expected 0.2%, which boosted the dollar, as people’s expectations of rising real interest rates made the dollar more attractive. The turmoil in the financial markets has highlighted some investors’ concerns that the Federal Reserve (Fed) predicts that inflationary pressures in the United States are temporary, and the Fed’s expectation that it may have to raise interest rates early is wrong.
A senior commodities trader said that the astonishing rise in iron ore will not disappear in the short term, because buyers have been worried about accelerating global demand growth amid supply threats, and buyers are concerned about shortages. Steelmaking raw materials soared to more than $230 per ton on Wednesday. With the expansion of the commodity boom, Singapore futures reached a new high. Although steel demand and production are growing, many analysts believe that market fundamentals alone cannot justify such high prices. Andrew Glass, founder of Singapore-based Avatar Commodities Ltd (Avatar Commodities Ltd), said this will not prevent further gains. Since the 1990s, he has been working for Anglo American Plc, a large commodity trading group. “People are worried about not being able to ensure the required logistics and resources-the price of $220 is expensive, but if the factory has to be closed due to lack of access to materials, the price will be much higher.” Industrial goods and transportation costs fade as the pandemic fades. Buyers are eager to ensure that the demand for raw materials in global industries (from manufacturing to construction) further increases, and these news are advancing by leaps and bounds. This has increased strong demand from China, and the rise in China’s steel profits has provided support for the high price of iron ore. According to data from Oversea-Chinese Banking Corp., they may test $250 in the next 12-18 months. China’s steel and iron ore futures also jumped to record highs on Wednesday. The US government is trying to control production to control the industry’s carbon emissions, while steel companies are increasing production, and strong profit margins enable steel mills to better adapt to rising input costs. It is a surprising motive, and the price reflects fear. “Glass said. “You will see that as the price of gold rises and the dollar falls, people flee to safety and inject a certain degree of fear into the commodity market, people’s worries are more widespread. “China only relies on two countries-Brazil and Australia-which account for 80% of its iron ore imports. Brazil is facing a deadly coronavirus surge, and the world is worried about the Covid-19 variant, which is growing. India is overwhelmed. In addition, the close relationship between China and Australia adds another risk to the market. “From Brazil, these ships are 40 days away from us,” Glass said. “Therefore, in Brazil because of the virus As with any other problems, you’d better make sure that you are fully recovered. If the politics between Australia and China do indeed cause supply problems in Australia, and Brazil also has problems, then the security of supply becomes very, very important. It reached a record of US$233.55 per ton, and the transaction price was US$232.20 at 2:25 pm local time. The iron ore of China’s Dalian Exchange and the rebar of Shanghai have also reached record highs. For more articles of this type, visit Bloomberg.com and subscribe now to stay ahead of the most trusted business news source. ©2021 Bloomberg LP
Stable Road attracted more votes, but it was still 3% less than the 65% required to approve the expansion amendment. The expansion amendment must be approved at the May 13 meeting to prevent the SPAC from dissolving. The last chance to vote online is Wednesday, May 12, 11:59 pm ET investors expressed their support for stock trading […]
According to a memo issued by Reuters on Tuesday, starting from June 21, JPMorgan Chase will increase the returns of all its employees in the UK to make them work at least partially in their offices. It said the US lender still limits the occupancy rate of its major hubs in London and Bournemouth to 50%, and plans to rely on the government’s planned relaxation to relax the remaining COVID-19-related restrictions. The bank said: “We expect that in the weeks after June, all employees in England will work in the office on a consistent schedule.”
A Canadian court learned on Wednesday that after lawyer Meng’s fourth attempt to introduce new evidence, Huawei’s chief financial officer Meng Wanzhou and her legal team will start on August 3 and conduct an extradition hearing for another three weeks. Meng, 49, was arrested for bank fraud at Vancouver International Airport in the United States in December 2018. Meng insisted that he was not guilty and had been fighting extradition when he was under house arrest in Vancouver.
The market’s trend on Tuesday will depend on traders’ reaction to yesterday’s high of $1,846.30 and yesterday’s low of $1,830.50.
May 11-U.S. Chamber of Commerce President Greg Gilligan discussed the organization’s annual white paper, calling on the US and Chinese governments to reduce useless speech and reopen communication channels. He talked with David Ingles about “Bloomberg Markets: China Open.”
(Bloomberg)-After this week’s sell-off erased more than $1 trillion in value from the S&P 500 market capitalization, investors are eager to increase their bearish bets. Index stocks, including the Standard & Poor’s 500 Index and the VIX Panic Index, reached 0.99 this week, the highest level since November. Short bets on SPY, the largest S&P 500 ETF, have also increased, as have short bets on technology-based Invesco QQQ funds. Fearing that inflation might stifle the recovery of the US economy, it fell for three days on Wednesday. Many investors worry that price pressures may persist, enough to force the Federal Reserve (Fed) to tighten policy ahead of schedule. Since last Friday, the benchmark index has fallen by about 3.5%. Highly valued technology stocks also fell, with the Nasdaq 100 index down more than 6% from its April high. “I am hesitant to buy stocks here,” said Randy Frederick, Charles Schwab’s vice president of trading and derivatives. “This hasn’t worked yet, and it may fall further. But the momentum has begun to decline.” However, the rise in the call option ratio can be seen as a contrarian signal. Chris Murphy, co-head of derivatives strategy at Susquehanna International Group, said that this may be due to the less active retail traders buying call options trading. In addition, According to Murphy, the median rate of return published by the Standard & Poor’s 500 Index was about 3% after reading the 10 highest put options in the past 12 years. “History shows that before the market rebounds, the put option ratio usually does not peak.” “Of course we can continue to sell, but this is a data point for the rebound camp.” For more such articles, please visit Bloomberg.com. we. Subscribe now to get the most trusted source of business news. ©2021 Bloomberg LP
(Bloomberg)-Worries about inflation have intensified, threatening certain actions against computer and software manufacturers, something that has never happened in two decades: making them the worst stocks on the market, but they don’t Did not make them close to cheap. Since the Nasdaq 100 index has fallen for three consecutive weeks and there is no sign of relaxation, some analysts are asking if the ultra-high valuations of companies such as Alphabet Inc. and Facebook Inc. recover and drag everything back to average, that will happen. what? According to Leuthold Group, if the S&P 500′s sales and earnings multiples return to the average level since 1995, the S&P 500 is at risk of falling 37%, which is the starting point for a large-scale rise. Bloomberg Information ( Bloomberg Intelligence’s Gina Martin Adams and Michael Casper said that the technology giants known as Faamgs may face a similar fate. In their model, if the group’s market premium returns to its average value in the 7 years before the 2020 pandemic, it may fall by another 24%. After years of endless technological advancement, it has become a kind. Valuations such as these have recently explained the turmoil in the market, because every economic report has been sorted out for its impact on Fed policy. This is why Leuthold’s core portfolio reduced its holdings by 3 percentage points to 55% this week. The S&P 500 weighted valuation work looks almost as extreme as its performance during the peak of the technology bubble, and we can certainly choose to abandon more bargaining chips,” said Doug Ramsey, chief investment officer of Leuthold (Leuthold). Doug Ramsey) said, and added that the company is reluctant to turn because more stocks have participated in the latest rise, and therefore more shorts. Anxiety caused by overstretched valuations is showing everywhere. Because of the bulk The soaring commodity prices and the tightening of the labor market raise concerns that inflation may continue and force the Fed to cut interest rates faster than expected. Affluent technology stocks were sold off, causing the Nasdaq 100 index to fall to its worst since the outbreak of the pandemic. One month. In March 2020, at the same time, the specter of rising interest rates made the increase multiple more difficult to justify. The basket of unprofitable technology companies has fallen 37% from its peak in February. Read more: Hedging Value preservation is crazy while the stock market is soaring. Large technology stocks such as Microsoft and Apple have become examples of possible changes in sentiment. Both companies have responded mediocrely to strong earnings reports. Although Faamg Group’s P/E ratio has shrunk from its highest point , But still 24% higher than other S&P 500 stocks. Data compiled by Bloomberg Intelligence shows that this ratio was only 7.3% five years ago. “Martin Adams of Bloomberg Intelligence Adams) said: “With the improvement of risk tolerance and investors’ stance on sustainable recovery, the Faamg bubble is shrinking and should continue.” The valuation has fallen, but the group’s premium still has room to fall. “For many years, one of the pillars supporting stock valuations has been the lowest interest rate set by the Federal Reserve to stimulate economic growth. Now, with the reopening of the economy, many investors see the only way to raise interest rates. This is a problem. Because relative to bonds, stocks are less attractive than at any time in ten years. According to what is sometimes referred to as the Federal Reserve Model, the yield of the S&P 500 index-your profit relative to the stock price-is greater than that of the ten-year period. Treasury bond yields are about 1.7 percentage points higher. This is close to the smallest advantage since 2010. If the 10-year Treasury bond yield climbs to 2%, the S&P 500 must fall by 8% to maintain equilibrium. All other conditions are met. Same. The recent 10-year Treasury bond yield is close to 1.7%. Valuation has never been a good timing tool, because expensive stocks may become more expensive. However, for many technology stocks, the recent frenzy hasn’t They are cheap, but the momentum is reversing. “We want to buy technology-we think this is essentially a great field-but we need to buy more at attractive prices. “Washington Crossing’s portfolio manager Kevin Caron said. “We may have reached the point where momentum can only make the group go so far, and we are now pushing the limits of valuation. For more articles like this, please visit Bloomberg.com. Subscribe now to stay ahead of the most trusted business news source. ©2021 Bloomberg LP
Frankfurt (Reuters)-Commerzbank raised its revenue forecast on Wednesday, driven by strong trading commissions, after investors were surprised that the company returned profits in the first quarter. Shares of Germany’s second largest bank rose by 7% after the company’s performance was better than expected. Commerzbank said that this is mainly due to net commission income from securities trading, and this rebound has also helped other banks. For the three months ended March 31, Commerzbank announced a net profit of 133 million euros (US$161 million), compared with a loss of 291 million euros in the same period last year.
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The fast food chain raised its annual profit forecast on Wednesday, betting that more customers will try its bacon breakfast menu
Hedge fund managers on Wednesday recommended buying shares in companies that they believe would benefit from many online services, although it is expected that society will resume contact with more people after the global coronavirus pandemic ends. At the virtual Sohn investment conference, investors put forward various ideas from food delivery to copper mining. The conference convenes hedge fund managers every year to maximize returns and raise funds for charity fund research for childhood cancer treatment. Andrew Nunneley of Glenernie Capital said he believes that Germany’s HelloFresh has a huge opportunity to capture the market share of the food delivery company, which currently accounts for only 1% of the grocery market.
During the trading hours on Wednesday, the U.S. dollar rose slightly because the CPI data was much hotter than expected.
Post time: May-13-2021