Antimicrobial Plastic Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Antimicrobial Plastic Market covers analysis By Type (Commodity Plastics, Engineering Plastics, High Performance Plastics, Others); Application (Packaging, Automotive, Consumer Goods, Medical and Healthcare, Building and Construction, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005317
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Antimicrobial Plastic Market Key Findings by 2031

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MARKET OVERVIEW

The antimicrobial plastic market refers to the production and sales of plastic products with antimicrobial properties, inhibiting the growth and spread of harmful microorganisms such as bacteria, fungi, and viruses. These plastics are designed to provide long-lasting protection against the development of microbes and are widely used in various applications, including packaging, healthcare, construction, and consumer goods. Antimicrobial plastics have been gaining popularity due to the increasing concern about the spread of infectious diseases and the need for more hygienic and safe products in various industries. The market for antimicrobial plastics is expected to grow in the coming years, driven by increasing demand for safe and sanitary products and the growing awareness about the importance of preventing the spread of harmful microorganisms.

MARKET SCOPE

The "Global Antimicrobial Plastic 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 antimicrobial plastic market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading antimicrobial plastic market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  • Based on type, the global antimicrobial plastic market is segmented into commodity plastics, engineering plastics, high performance plastics, and others.
  • Based on application, the global antimicrobial plastic market is segmented into packaging, automotive, consumer goods, medical and healthcare, building & construction, and others

MARKET DYNAMICS

Drivers:

  • Increasing demand for plastic in the commodity market due to the growth of per capita income.
  • Increase in awareness for health to get avoid the diseases such as h1n1(swine flu)

Restraints:

  • Government restrictions on usage of plastic.

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 antimicrobial plastic 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 antimicrobial plastic market in these regions.

IMPACT OF COVID-19 ON ANTIMICROBIAL PLASTIC 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 chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS

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 antimicrobial plastic 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 antimicrobial plastic market in these regions.

IMPACT OF COVID-19 ON ANTIMICROBIAL PLASTIC 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 chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the Antimicrobial plastic 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 Antimicrobial plastic market are anticipated to lucrative growth opportunities in the future with the rising demand for Antimicrobial plastic in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Antimicrobial plastic 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.

  • BASF SE Corporation
  • Bayer Material Science AG
  • Biocote Limited
  • Clariant AG
  • Dupont De Nemours Inc.
  • King Plastic Corporation
  • Lonza Group AG
  • Microban International Ltd.
  • PARX Plastics N.V.
  • Polyone Corporation
  • Sanitized AG
  • Milliken Chemical
  • RTP Company
  • Compounding Solutions LLC 
  • Ray Products Company Inc.
  • Covestro AG
  • Steritouch
  • Doeflex Vitapol
  • Ticona Engineering Polymers
  • Dow

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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Antimicrobial Plastic Market - By Type
1.3.2 Antimicrobial Plastic Market - By Application
1.3.3 Antimicrobial Plastic Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ANTIMICROBIAL PLASTIC MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. ANTIMICROBIAL PLASTIC 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. ANTIMICROBIAL PLASTIC MARKET - GLOBAL MARKET ANALYSIS
6.1. ANTIMICROBIAL PLASTIC - GLOBAL MARKET OVERVIEW
6.2. ANTIMICROBIAL PLASTIC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ANTIMICROBIAL PLASTIC MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COMMODITY PLASTICS
7.3.1. Overview
7.3.2. Commodity Plastics Market Forecast and Analysis
7.4. ENGINEERING PLASTICS
7.4.1. Overview
7.4.2. Engineering Plastics Market Forecast and Analysis
7.5. HIGH PERFORMANCE PLASTICS
7.5.1. Overview
7.5.2. High Performance Plastics Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ANTIMICROBIAL PLASTIC MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PACKAGING
8.3.1. Overview
8.3.2. Packaging Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. CONSUMER GOODS
8.5.1. Overview
8.5.2. Consumer Goods Market Forecast and Analysis
8.6. MEDICAL AND HEALTHCARE
8.6.1. Overview
8.6.2. Medical and Healthcare Market Forecast and Analysis
8.7. BUILDING AND CONSTRUCTION
8.7.1. Overview
8.7.2. Building and Construction Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

9. ANTIMICROBIAL PLASTIC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Antimicrobial Plastic Market Overview
9.1.2 North America Antimicrobial Plastic Market Forecasts and Analysis
9.1.3 North America Antimicrobial Plastic Market Forecasts and Analysis - By Type
9.1.4 North America Antimicrobial Plastic Market Forecasts and Analysis - By Application
9.1.5 North America Antimicrobial Plastic Market Forecasts and Analysis - By Countries
9.1.5.1 United States Antimicrobial Plastic Market
9.1.5.1.1 United States Antimicrobial Plastic Market by Type
9.1.5.1.2 United States Antimicrobial Plastic Market by Application
9.1.5.2 Canada Antimicrobial Plastic Market
9.1.5.2.1 Canada Antimicrobial Plastic Market by Type
9.1.5.2.2 Canada Antimicrobial Plastic Market by Application
9.1.5.3 Mexico Antimicrobial Plastic Market
9.1.5.3.1 Mexico Antimicrobial Plastic Market by Type
9.1.5.3.2 Mexico Antimicrobial Plastic Market by Application
9.2. EUROPE
9.2.1 Europe Antimicrobial Plastic Market Overview
9.2.2 Europe Antimicrobial Plastic Market Forecasts and Analysis
9.2.3 Europe Antimicrobial Plastic Market Forecasts and Analysis - By Type
9.2.4 Europe Antimicrobial Plastic Market Forecasts and Analysis - By Application
9.2.5 Europe Antimicrobial Plastic Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Antimicrobial Plastic Market
9.2.5.1.1 Germany Antimicrobial Plastic Market by Type
9.2.5.1.2 Germany Antimicrobial Plastic Market by Application
9.2.5.2 France Antimicrobial Plastic Market
9.2.5.2.1 France Antimicrobial Plastic Market by Type
9.2.5.2.2 France Antimicrobial Plastic Market by Application
9.2.5.3 Italy Antimicrobial Plastic Market
9.2.5.3.1 Italy Antimicrobial Plastic Market by Type
9.2.5.3.2 Italy Antimicrobial Plastic Market by Application
9.2.5.4 United Kingdom Antimicrobial Plastic Market
9.2.5.4.1 United Kingdom Antimicrobial Plastic Market by Type
9.2.5.4.2 United Kingdom Antimicrobial Plastic Market by Application
9.2.5.5 Russia Antimicrobial Plastic Market
9.2.5.5.1 Russia Antimicrobial Plastic Market by Type
9.2.5.5.2 Russia Antimicrobial Plastic Market by Application
9.2.5.6 Rest of Europe Antimicrobial Plastic Market
9.2.5.6.1 Rest of Europe Antimicrobial Plastic Market by Type
9.2.5.6.2 Rest of Europe Antimicrobial Plastic Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Antimicrobial Plastic Market Overview
9.3.2 Asia-Pacific Antimicrobial Plastic Market Forecasts and Analysis
9.3.3 Asia-Pacific Antimicrobial Plastic Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Antimicrobial Plastic Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Antimicrobial Plastic Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Antimicrobial Plastic Market
9.3.5.1.1 Australia Antimicrobial Plastic Market by Type
9.3.5.1.2 Australia Antimicrobial Plastic Market by Application
9.3.5.2 China Antimicrobial Plastic Market
9.3.5.2.1 China Antimicrobial Plastic Market by Type
9.3.5.2.2 China Antimicrobial Plastic Market by Application
9.3.5.3 India Antimicrobial Plastic Market
9.3.5.3.1 India Antimicrobial Plastic Market by Type
9.3.5.3.2 India Antimicrobial Plastic Market by Application
9.3.5.4 Japan Antimicrobial Plastic Market
9.3.5.4.1 Japan Antimicrobial Plastic Market by Type
9.3.5.4.2 Japan Antimicrobial Plastic Market by Application
9.3.5.5 South Korea Antimicrobial Plastic Market
9.3.5.5.1 South Korea Antimicrobial Plastic Market by Type
9.3.5.5.2 South Korea Antimicrobial Plastic Market by Application
9.3.5.6 Rest of Asia-Pacific Antimicrobial Plastic Market
9.3.5.6.1 Rest of Asia-Pacific Antimicrobial Plastic Market by Type
9.3.5.6.2 Rest of Asia-Pacific Antimicrobial Plastic Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Antimicrobial Plastic Market Overview
9.4.2 Middle East and Africa Antimicrobial Plastic Market Forecasts and Analysis
9.4.3 Middle East and Africa Antimicrobial Plastic Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Antimicrobial Plastic Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Antimicrobial Plastic Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Antimicrobial Plastic Market
9.4.5.1.1 South Africa Antimicrobial Plastic Market by Type
9.4.5.1.2 South Africa Antimicrobial Plastic Market by Application
9.4.5.2 Saudi Arabia Antimicrobial Plastic Market
9.4.5.2.1 Saudi Arabia Antimicrobial Plastic Market by Type
9.4.5.2.2 Saudi Arabia Antimicrobial Plastic Market by Application
9.4.5.3 U.A.E Antimicrobial Plastic Market
9.4.5.3.1 U.A.E Antimicrobial Plastic Market by Type
9.4.5.3.2 U.A.E Antimicrobial Plastic Market by Application
9.4.5.4 Rest of Middle East and Africa Antimicrobial Plastic Market
9.4.5.4.1 Rest of Middle East and Africa Antimicrobial Plastic Market by Type
9.4.5.4.2 Rest of Middle East and Africa Antimicrobial Plastic Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Antimicrobial Plastic Market Overview
9.5.2 South and Central America Antimicrobial Plastic Market Forecasts and Analysis
9.5.3 South and Central America Antimicrobial Plastic Market Forecasts and Analysis - By Type
9.5.4 South and Central America Antimicrobial Plastic Market Forecasts and Analysis - By Application
9.5.5 South and Central America Antimicrobial Plastic Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Antimicrobial Plastic Market
9.5.5.1.1 Brazil Antimicrobial Plastic Market by Type
9.5.5.1.2 Brazil Antimicrobial Plastic Market by Application
9.5.5.2 Argentina Antimicrobial Plastic Market
9.5.5.2.1 Argentina Antimicrobial Plastic Market by Type
9.5.5.2.2 Argentina Antimicrobial Plastic Market by Application
9.5.5.3 Rest of South and Central America Antimicrobial Plastic Market
9.5.5.3.1 Rest of South and Central America Antimicrobial Plastic Market by Type
9.5.5.3.2 Rest of South and Central America Antimicrobial Plastic 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. ANTIMICROBIAL PLASTIC MARKET, KEY COMPANY PROFILES
11.1. BASF SE CORPORATION
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. BAYER MATERIAL SCIENCE AG
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. BIOCOTE LIMITED
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. CLARIANT AG
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. DUPONT DE NEMOURS INC.
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. KING PLASTIC CORPORATION
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. LONZA GROUP AG
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. MICROBAN INTERNATIONAL LTD.
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. PARX PLASTICS N.V.
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. POLYONE CORPORATION
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

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

  • BASF SE Corporation
  • Bayer Material Science AG
  • Biocote Limited
  • Clariant AG
  • Dupont De Nemours Inc.
  • King Plastic Corporation
  • Lonza Group AG
  • Microban International Ltd.
  • PARX Plastics N.V.
  • Polyone Corporation
  • Sanitized AG
  • Milliken Chemical
  • RTP Company
  • Compounding Solutions LLC 
  • Ray Products Company Inc.
  • Covestro AG
  • Steritouch
  • Doeflex Vitapol
  • Ticona Engineering Polymers
  • Dow

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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