Acrylate monomers Market Strategies and Share 2031
Acrylate monomers such as methyl acrylate, butyl acrylate, ethyl acrylate, 2 ethyl hexyl acrylate (2eha), and others are esters that contain vinyl groups. Two carbon atoms double bonded to each other, directly attached to the carbonyl carbon of the ester group. Acrylate monomers play a vital role in manufacturing plastics, paints, adhesives, floor polishes, and coatings of different types. Automotive, textiles, construction, oil, and Gas are the major end-use industries of acrylate monomers.
MARKET DYNAMICS
The acrylate monomers market is anticipated to grow in the forecast period due to driving factors such as high usage for acrylates in adhesives and its demand in the paint industry. Water-based coatings are in high demand, creating demand for butyl acrylate, thereby driving the acrylate monomers market. Acrylate monomers are in high demand due to their widespread use in paints, surface coatings, adhesives, and sealants in the building and automotive industries. However, several environmental and health hazards associated may hinder the growth of the acrylate monomers market. Nonetheless, the emerging commercialization of bio-based acrylic acid offers a significant growth opportunity for the acrylate monomers market players during the forecast period.
MARKET SCOPE
The "Global Acrylate Monomers Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the acrylate monomers market with detailed market segmentation by product, application, end use. The global acrylate monomers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading acrylate monomers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global acrylate monomers market is segmented into product, application, end use. By product, the acrylate monomers market is classified into Methyl Acrylate, Butyl Acrylate, Ethyl Acrylate, 2 Ethyl Hexyl Acrylate (2EHA), Others. By application, the acrylate monomers market is classified into Paints and Coatings, Adhesives, Plastics, Others. By end use, the acrylate monomers market is classified into Automotive, Textiles, Construction, Oil and Gas, Others.
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 acrylate monomers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The acrylate monomers 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 acrylate monomers market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 acrylate monomers market in these regions.
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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 acrylate monomers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The acrylate monomers 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 acrylate monomers market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 acrylate monomers market in these regions.
MARKET PLAYERS
The report covers vital developments in the acrylate monomers 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the acrylate monomers market are anticipated to lucrative growth opportunities in the future with the rising demand for acrylate monomers in the global market. Below mentioned is the list of few companies engaged in the acrylate monomers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acrylate monomers market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- New Japan Chemical Co Ltd.
- BASF SE
- The Dow Chemical Company
- Hitachi Chemical Co. Ltd
- Evonik Industries AG
- Kuraray Co. Ltd
- Mitsubishi Chemical Corporation
- Arkema Group
- Nippon Shokubai Co. Ltd
- KH Chemicals
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current 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 Acrylate Monomers Market - By Product
1.3.2 Acrylate Monomers Market - By Application
1.3.3 Acrylate Monomers Market - By End Use
1.3.4 Acrylate Monomers Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ACRYLATE MONOMERS 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. ACRYLATE MONOMERS 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. ACRYLATE MONOMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. ACRYLATE MONOMERS - GLOBAL MARKET OVERVIEW
6.2. ACRYLATE MONOMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ACRYLATE MONOMERS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. METHYL ACRYLATE
7.3.1. Overview
7.3.2. Methyl Acrylate Market Forecast and Analysis
7.4. BUTYL ACRYLATE
7.4.1. Overview
7.4.2. Butyl Acrylate Market Forecast and Analysis
7.5. ETHYL ACRYLATE
7.5.1. Overview
7.5.2. Ethyl Acrylate Market Forecast and Analysis
7.6. 2 ETHYL HEXYL ACRYLATE (2EHA)
7.6.1. Overview
7.6.2. 2 Ethyl Hexyl Acrylate (2EHA) Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ACRYLATE MONOMERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAINTS AND COATINGS
8.3.1. Overview
8.3.2. Paints and Coatings Market Forecast and Analysis
8.4. ADHESIVES
8.4.1. Overview
8.4.2. Adhesives Market Forecast and Analysis
8.5. PLASTICS
8.5.1. Overview
8.5.2. Plastics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ACRYLATE MONOMERS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. TEXTILES
9.4.1. Overview
9.4.2. Textiles Market Forecast and Analysis
9.5. CONSTRUCTION
9.5.1. Overview
9.5.2. Construction Market Forecast and Analysis
9.6. OIL AND GAS
9.6.1. Overview
9.6.2. Oil and Gas Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. ACRYLATE MONOMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Acrylate Monomers Market Overview
10.1.2 North America Acrylate Monomers Market Forecasts and Analysis
10.1.3 North America Acrylate Monomers Market Forecasts and Analysis - By Product
10.1.4 North America Acrylate Monomers Market Forecasts and Analysis - By Application
10.1.5 North America Acrylate Monomers Market Forecasts and Analysis - By End Use
10.1.6 North America Acrylate Monomers Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Acrylate Monomers Market
10.1.6.1.1 Canada Acrylate Monomers Market by Product
10.1.6.1.2 Canada Acrylate Monomers Market by Application
10.1.6.1.3 Canada Acrylate Monomers Market by End Use
10.1.6.2 Mexico Acrylate Monomers Market
10.1.6.2.1 Mexico Acrylate Monomers Market by Product
10.1.6.2.2 Mexico Acrylate Monomers Market by Application
10.1.6.2.3 Mexico Acrylate Monomers Market by End Use
10.1.6.3 US Acrylate Monomers Market
10.1.6.3.1 US Acrylate Monomers Market by Product
10.1.6.3.2 US Acrylate Monomers Market by Application
10.1.6.3.3 US Acrylate Monomers Market by End Use
10.2. EUROPE
10.2.1 Europe Acrylate Monomers Market Overview
10.2.2 Europe Acrylate Monomers Market Forecasts and Analysis
10.2.3 Europe Acrylate Monomers Market Forecasts and Analysis - By Product
10.2.4 Europe Acrylate Monomers Market Forecasts and Analysis - By Application
10.2.5 Europe Acrylate Monomers Market Forecasts and Analysis - By End Use
10.2.6 Europe Acrylate Monomers Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Acrylate Monomers Market
10.2.6.1.1 Germany Acrylate Monomers Market by Product
10.2.6.1.2 Germany Acrylate Monomers Market by Application
10.2.6.1.3 Germany Acrylate Monomers Market by End Use
10.2.6.2 France Acrylate Monomers Market
10.2.6.2.1 France Acrylate Monomers Market by Product
10.2.6.2.2 France Acrylate Monomers Market by Application
10.2.6.2.3 France Acrylate Monomers Market by End Use
10.2.6.3 Italy Acrylate Monomers Market
10.2.6.3.1 Italy Acrylate Monomers Market by Product
10.2.6.3.2 Italy Acrylate Monomers Market by Application
10.2.6.3.3 Italy Acrylate Monomers Market by End Use
10.2.6.4 United Kingdom Acrylate Monomers Market
10.2.6.4.1 United Kingdom Acrylate Monomers Market by Product
10.2.6.4.2 United Kingdom Acrylate Monomers Market by Application
10.2.6.4.3 United Kingdom Acrylate Monomers Market by End Use
10.2.6.5 Russia Acrylate Monomers Market
10.2.6.5.1 Russia Acrylate Monomers Market by Product
10.2.6.5.2 Russia Acrylate Monomers Market by Application
10.2.6.5.3 Russia Acrylate Monomers Market by End Use
10.2.6.6 Rest of Europe Acrylate Monomers Market
10.2.6.6.1 Rest of Europe Acrylate Monomers Market by Product
10.2.6.6.2 Rest of Europe Acrylate Monomers Market by Application
10.2.6.6.3 Rest of Europe Acrylate Monomers Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Acrylate Monomers Market Overview
10.3.2 Asia-Pacific Acrylate Monomers Market Forecasts and Analysis
10.3.3 Asia-Pacific Acrylate Monomers Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Acrylate Monomers Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Acrylate Monomers Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Acrylate Monomers Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Acrylate Monomers Market
10.3.6.1.1 Australia Acrylate Monomers Market by Product
10.3.6.1.2 Australia Acrylate Monomers Market by Application
10.3.6.1.3 Australia Acrylate Monomers Market by End Use
10.3.6.2 China Acrylate Monomers Market
10.3.6.2.1 China Acrylate Monomers Market by Product
10.3.6.2.2 China Acrylate Monomers Market by Application
10.3.6.2.3 China Acrylate Monomers Market by End Use
10.3.6.3 India Acrylate Monomers Market
10.3.6.3.1 India Acrylate Monomers Market by Product
10.3.6.3.2 India Acrylate Monomers Market by Application
10.3.6.3.3 India Acrylate Monomers Market by End Use
10.3.6.4 Japan Acrylate Monomers Market
10.3.6.4.1 Japan Acrylate Monomers Market by Product
10.3.6.4.2 Japan Acrylate Monomers Market by Application
10.3.6.4.3 Japan Acrylate Monomers Market by End Use
10.3.6.5 South Korea Acrylate Monomers Market
10.3.6.5.1 South Korea Acrylate Monomers Market by Product
10.3.6.5.2 South Korea Acrylate Monomers Market by Application
10.3.6.5.3 South Korea Acrylate Monomers Market by End Use
10.3.6.6 Rest of Asia-Pacific Acrylate Monomers Market
10.3.6.6.1 Rest of Asia-Pacific Acrylate Monomers Market by Product
10.3.6.6.2 Rest of Asia-Pacific Acrylate Monomers Market by Application
10.3.6.6.3 Rest of Asia-Pacific Acrylate Monomers Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Acrylate Monomers Market Overview
10.4.2 Middle East and Africa Acrylate Monomers Market Forecasts and Analysis
10.4.3 Middle East and Africa Acrylate Monomers Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Acrylate Monomers Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Acrylate Monomers Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Acrylate Monomers Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Acrylate Monomers Market
10.4.6.1.1 South Africa Acrylate Monomers Market by Product
10.4.6.1.2 South Africa Acrylate Monomers Market by Application
10.4.6.1.3 South Africa Acrylate Monomers Market by End Use
10.4.6.2 Saudi Arabia Acrylate Monomers Market
10.4.6.2.1 Saudi Arabia Acrylate Monomers Market by Product
10.4.6.2.2 Saudi Arabia Acrylate Monomers Market by Application
10.4.6.2.3 Saudi Arabia Acrylate Monomers Market by End Use
10.4.6.3 U.A.E Acrylate Monomers Market
10.4.6.3.1 U.A.E Acrylate Monomers Market by Product
10.4.6.3.2 U.A.E Acrylate Monomers Market by Application
10.4.6.3.3 U.A.E Acrylate Monomers Market by End Use
10.4.6.4 Rest of Middle East and Africa Acrylate Monomers Market
10.4.6.4.1 Rest of Middle East and Africa Acrylate Monomers Market by Product
10.4.6.4.2 Rest of Middle East and Africa Acrylate Monomers Market by Application
10.4.6.4.3 Rest of Middle East and Africa Acrylate Monomers Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Acrylate Monomers Market Overview
10.5.2 South and Central America Acrylate Monomers Market Forecasts and Analysis
10.5.3 South and Central America Acrylate Monomers Market Forecasts and Analysis - By Product
10.5.4 South and Central America Acrylate Monomers Market Forecasts and Analysis - By Application
10.5.5 South and Central America Acrylate Monomers Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Acrylate Monomers Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Acrylate Monomers Market
10.5.6.1.1 Brazil Acrylate Monomers Market by Product
10.5.6.1.2 Brazil Acrylate Monomers Market by Application
10.5.6.1.3 Brazil Acrylate Monomers Market by End Use
10.5.6.2 Argentina Acrylate Monomers Market
10.5.6.2.1 Argentina Acrylate Monomers Market by Product
10.5.6.2.2 Argentina Acrylate Monomers Market by Application
10.5.6.2.3 Argentina Acrylate Monomers Market by End Use
10.5.6.3 Rest of South and Central America Acrylate Monomers Market
10.5.6.3.1 Rest of South and Central America Acrylate Monomers Market by Product
10.5.6.3.2 Rest of South and Central America Acrylate Monomers Market by Application
10.5.6.3.3 Rest of South and Central America Acrylate Monomers Market by End Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ACRYLATE MONOMERS MARKET, KEY COMPANY PROFILES
12.1. NEW JAPAN CHEMICAL CO LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BASF SE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. THE DOW CHEMICAL COMPANY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HITACHI CHEMICAL CO. LTD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. EVONIK INDUSTRIES AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. KURARAY CO. LTD
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MITSUBISHI CHEMICAL CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ARKEMA GROUP
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. NIPPON SHOKUBAI CO. LTD
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. KH CHEMICALS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. New Japan Chemical Co Ltd.
2. BASF SE
3. The Dow Chemical Company
4. Hitachi Chemical Co. Ltd
5. Evonik Industries AG
6. Kuraray Co. Ltd
7. Mitsubishi Chemical Corporation
8. Arkema Group
9. Nippon Shokubai Co. Ltd
10. KH Chemicals
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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