Acid Proof Lining Market Scope and Size by 2031
Acid proof linings are used to protect the equipment and infrastructure of the different industrial set up from harmful exposure of acid. It is done where maximum chemical resistance is required. It is utilized on floors, tanks, tank farms, drains, and other locations in the chemical, dyestuff, thermal power station, fertilizer, and food industries.
MARKET SCOPE
The "Global Acid Proof Lining Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acid proof lining market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the acid proof lining market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on type, the global acid proof lining market is segmented into brick lining, tile lining, thermoplastic lining, and others
- Based on application , the market is bifurcated into construction, mining, food, power generation, petrochemical, and others
MARKET DYNAMICS
Drivers:
- Growing demand from oil and gas sector is a major deriver for acid proof lining market.
- Growing chemical and metallurgy sector to provide more opportunities for the market growth
Restraints:
- High cost associated with the application may restrain the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acid proof lining market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acid proof lining in these regions.
IMPACT OF COVID-19 ON ACID PROOF LINING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acid proof lining market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acid proof lining in these regions.
IMPACT OF COVID-19 ON ACID PROOF LINING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the acid proof lining market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acid proof lining market are anticipated to lucrative growth opportunities in the future with the rising demand for acid proof lining in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acid proof lining market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Acid Proof Lining Market - By Type
1.3.2 Acid Proof Lining Market - By Application
1.3.3 Acid Proof Lining Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ACID PROOF LINING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ACID PROOF LINING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ACID PROOF LINING MARKET - GLOBAL MARKET ANALYSIS
6.1. ACID PROOF LINING - GLOBAL MARKET OVERVIEW
6.2. ACID PROOF LINING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ACID PROOF LINING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BRICK LINING
7.3.1. Overview
7.3.2. Brick Lining Market Forecast and Analysis
7.4. TILE LINING
7.4.1. Overview
7.4.2. Tile Lining Market Forecast and Analysis
7.5. THERMOPLASTIC LINING
7.5.1. Overview
7.5.2. Thermoplastic Lining Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ACID PROOF LINING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. MINING
8.4.1. Overview
8.4.2. Mining Market Forecast and Analysis
8.5. FOOD
8.5.1. Overview
8.5.2. Food Market Forecast and Analysis
8.6. POWER GENERATION
8.6.1. Overview
8.6.2. Power Generation Market Forecast and Analysis
8.7. PETROCHEMICAL
8.7.1. Overview
8.7.2. Petrochemical Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ACID PROOF LINING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Acid Proof Lining Market Overview
9.1.2 North America Acid Proof Lining Market Forecasts and Analysis
9.1.3 North America Acid Proof Lining Market Forecasts and Analysis - By Type
9.1.4 North America Acid Proof Lining Market Forecasts and Analysis - By Application
9.1.5 North America Acid Proof Lining Market Forecasts and Analysis - By Countries
9.1.5.1 United States Acid Proof Lining Market
9.1.5.1.1 United States Acid Proof Lining Market by Type
9.1.5.1.2 United States Acid Proof Lining Market by Application
9.1.5.2 Canada Acid Proof Lining Market
9.1.5.2.1 Canada Acid Proof Lining Market by Type
9.1.5.2.2 Canada Acid Proof Lining Market by Application
9.1.5.3 Mexico Acid Proof Lining Market
9.1.5.3.1 Mexico Acid Proof Lining Market by Type
9.1.5.3.2 Mexico Acid Proof Lining Market by Application
9.2. EUROPE
9.2.1 Europe Acid Proof Lining Market Overview
9.2.2 Europe Acid Proof Lining Market Forecasts and Analysis
9.2.3 Europe Acid Proof Lining Market Forecasts and Analysis - By Type
9.2.4 Europe Acid Proof Lining Market Forecasts and Analysis - By Application
9.2.5 Europe Acid Proof Lining Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Acid Proof Lining Market
9.2.5.1.1 Germany Acid Proof Lining Market by Type
9.2.5.1.2 Germany Acid Proof Lining Market by Application
9.2.5.2 France Acid Proof Lining Market
9.2.5.2.1 France Acid Proof Lining Market by Type
9.2.5.2.2 France Acid Proof Lining Market by Application
9.2.5.3 Italy Acid Proof Lining Market
9.2.5.3.1 Italy Acid Proof Lining Market by Type
9.2.5.3.2 Italy Acid Proof Lining Market by Application
9.2.5.4 United Kingdom Acid Proof Lining Market
9.2.5.4.1 United Kingdom Acid Proof Lining Market by Type
9.2.5.4.2 United Kingdom Acid Proof Lining Market by Application
9.2.5.5 Russia Acid Proof Lining Market
9.2.5.5.1 Russia Acid Proof Lining Market by Type
9.2.5.5.2 Russia Acid Proof Lining Market by Application
9.2.5.6 Rest of Europe Acid Proof Lining Market
9.2.5.6.1 Rest of Europe Acid Proof Lining Market by Type
9.2.5.6.2 Rest of Europe Acid Proof Lining Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Acid Proof Lining Market Overview
9.3.2 Asia-Pacific Acid Proof Lining Market Forecasts and Analysis
9.3.3 Asia-Pacific Acid Proof Lining Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Acid Proof Lining Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Acid Proof Lining Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Acid Proof Lining Market
9.3.5.1.1 Australia Acid Proof Lining Market by Type
9.3.5.1.2 Australia Acid Proof Lining Market by Application
9.3.5.2 China Acid Proof Lining Market
9.3.5.2.1 China Acid Proof Lining Market by Type
9.3.5.2.2 China Acid Proof Lining Market by Application
9.3.5.3 India Acid Proof Lining Market
9.3.5.3.1 India Acid Proof Lining Market by Type
9.3.5.3.2 India Acid Proof Lining Market by Application
9.3.5.4 Japan Acid Proof Lining Market
9.3.5.4.1 Japan Acid Proof Lining Market by Type
9.3.5.4.2 Japan Acid Proof Lining Market by Application
9.3.5.5 South Korea Acid Proof Lining Market
9.3.5.5.1 South Korea Acid Proof Lining Market by Type
9.3.5.5.2 South Korea Acid Proof Lining Market by Application
9.3.5.6 Rest of Asia-Pacific Acid Proof Lining Market
9.3.5.6.1 Rest of Asia-Pacific Acid Proof Lining Market by Type
9.3.5.6.2 Rest of Asia-Pacific Acid Proof Lining Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Acid Proof Lining Market Overview
9.4.2 Middle East and Africa Acid Proof Lining Market Forecasts and Analysis
9.4.3 Middle East and Africa Acid Proof Lining Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Acid Proof Lining Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Acid Proof Lining Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Acid Proof Lining Market
9.4.5.1.1 South Africa Acid Proof Lining Market by Type
9.4.5.1.2 South Africa Acid Proof Lining Market by Application
9.4.5.2 Saudi Arabia Acid Proof Lining Market
9.4.5.2.1 Saudi Arabia Acid Proof Lining Market by Type
9.4.5.2.2 Saudi Arabia Acid Proof Lining Market by Application
9.4.5.3 U.A.E Acid Proof Lining Market
9.4.5.3.1 U.A.E Acid Proof Lining Market by Type
9.4.5.3.2 U.A.E Acid Proof Lining Market by Application
9.4.5.4 Rest of Middle East and Africa Acid Proof Lining Market
9.4.5.4.1 Rest of Middle East and Africa Acid Proof Lining Market by Type
9.4.5.4.2 Rest of Middle East and Africa Acid Proof Lining Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Acid Proof Lining Market Overview
9.5.2 South and Central America Acid Proof Lining Market Forecasts and Analysis
9.5.3 South and Central America Acid Proof Lining Market Forecasts and Analysis - By Type
9.5.4 South and Central America Acid Proof Lining Market Forecasts and Analysis - By Application
9.5.5 South and Central America Acid Proof Lining Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Acid Proof Lining Market
9.5.5.1.1 Brazil Acid Proof Lining Market by Type
9.5.5.1.2 Brazil Acid Proof Lining Market by Application
9.5.5.2 Argentina Acid Proof Lining Market
9.5.5.2.1 Argentina Acid Proof Lining Market by Type
9.5.5.2.2 Argentina Acid Proof Lining Market by Application
9.5.5.3 Rest of South and Central America Acid Proof Lining Market
9.5.5.3.1 Rest of South and Central America Acid Proof Lining Market by Type
9.5.5.3.2 Rest of South and Central America Acid Proof Lining Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ACID PROOF LINING MARKET, KEY COMPANY PROFILES
11.1. AXALTA COATING SYSTEMS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KOCH INDUSTRIES, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HEMPEL A/S
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PPG INDUSTRIES, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. STEULER-KCH GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JOTUN
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ASHLAND
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BASF SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. POLYCORP LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HöGANäS BORGESTAD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. THE SHERWIN-WILLIAMS COMPANY
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. CHEMIPROTECT ENGINEERS
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. ZEOCHEM ANTICORR
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. ICC COMMONWEALTH
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. STEULER INDUSTRIAL SOLUTION PRIVATE LIMITED
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. ZHENGZHOU KAIYUAN REFRACTORIES CO., LTD.
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. QINYANG ZHIHUA TRADE CO.,LTD.
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. HENANLITEREFRACTORYMATERIALCO.,LTD
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. ZIBO TASHAN REFRACTORY MATERIAL CO.,LTD
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments
11.20. KOTHARI CORROSION CONTROLLERS
11.20.1. Key Facts
11.20.2. Business Description
11.20.3. Products and Services
11.20.4. Financial Overview
11.20.5. SWOT Analysis
11.20.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Axalta Coating Systems
2. Koch Industries, Inc
3. Hempel A/S
4. PPG Industries, Inc.
5. STEULER-KCH GmbH
6. Jotun
7. Ashland
8. BASF SE
9. Polycorp Ltd.
10. Höganäs Borgestad
11. The Sherwin-Williams Company
12. CHEMIPROTECT ENGINEERS
13. Zeochem Anticorr
14. ICC Commonwealth
15. Steuler Industrial Solution Private Limited
16. Zhengzhou Kaiyuan Refractories Co., Ltd.
17. Qinyang Zhihua Trade Co.,Ltd.
18. HenanLiteRefractoryMaterialCo.,Ltd
19. Zibo Tashan Refractory Material Co.,Ltd
20.Kothari Corrosion Controllers
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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