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COVID-19, climatic disruptions and auction delays to reduce global iron ore production by 1.2% in 2020, says GlobalData

Global iron ore production is expected to decline by 1.2% in 2020 to 2,230.8 million tonnes (Mt) as the leading producers are affected by a range of factors including weather-related disruptions, auction adjournments and mine closures due to COVID-19, says GlobalData, a leading data and analytics company. In Australia, which is the world’s largest producer […]
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China dominates Asia’s refinery CDU capacity additions by 2024, says GlobalData

China is expected to dominate Asia’s refinery crude distillation unit (CDU) capacity additions, contributing about 80% of the regions’ total CDU capacity additions between 2020 and 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Refineries, 2020−2024 – Asia Dominates Global Refinery CDU Capacity and […]
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Chinese banks dominate critical growth parameters, finds GlobalData

GlobalData, a leading data and analytics company, analyzed the year-on-year (YoY) change and 5-year compound annual growth rate (CAGR) in revenue (interest income + non-interest income), net profits and total assets of the top 25 publicly-traded global banks by revenue. The analysis suggests that the Chinese banks lead in the core growth parameters. All the […]
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COVID-19 boosts customer appetite for online grocery shopping in APAC countries, says GlobalData

The need to maintain social distance and stay at home due to the COVID-19 pandemic is increasingly forcing consumers across the Asia-Pacific (APAC) region to shift their shopping habits online. Therefore, contactless deliveries are ideal during lockdown measures, forcing people to embrace technology, and be more experimental with their purchases, says GlobalData, a leading data […]
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Indian skincare market to reach US$3.8bn by 2024, says GlobalData

The Indian skincare sector is expected to grow from INR178.8bn (US$2.5bn) in 2019 to INR294bn (US$3.8bn) by 2024, at a compound annual growth rate (CAGR) of 10.5%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Skincare – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by growth […]
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Australian haircare sector to reach US$932.2m by 2024, says GlobalData

The haircare sector in Australia is forecast to grow from A$1,130.3m (US$786.2m) in 2019 to A$1,367.4m (US$932.2m) by 2024, recording a compound annual growth rate (CAGR) of 3.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Haircare – Market Assessment and Forecasts to 2024’, reveals that the shampoo category led the sector […]
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Despite temporary increased drug sales for most big bio/pharma companies, Regeneron Pharmaceuticals falls short of Q1 2020 forecast, says GlobalData

Despite the COVID-19 challenges, most of the big bio/pharma companies had reported temporary increase in drug sales in Q1 2020, mainly due to the stockpiling in preparation for reduced or no medical access during the lockdown. However, not all companies fared equally. Regeneron Pharmaceuticals was the only company to fall short of its Q1 2020 […]
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Chinese haircare sector to reach US$14.2bn by 2024, says GlobalData

The haircare sector in China is forecast to grow from C¥77.9bn (US$11.4bn) in 2019 to C¥95.6bn (US$14.2bn) by 2024, recording a compound annual growth rate (CAGR) of 4.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Haircare – Market Assessment and Forecasts to 2024’, reveals that the shampoo category led the sector […]
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APAC refinery sector in prolonged battle with COVID-19, says GlobalData

Nation-wide lockdowns across the Asia-Pacific (APAC) region to curtail the spread of COVID-19 has resulted in a steep decline in the demand for transportation fuel. This has resulted in  piling up of stocks and higher  inventory costs, which have forced refiners to look for alternative strategies to reduce their losses. Capping production capacities, slashing capital […]
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