Blowing Agent Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Blowing agent are commonly utilised as additives in the polymeric foam sector. They are mostly utilised in the manufacturing process to provide polymeric foam with particular desirable qualities. As the need for low-cost foam products grows, the importance of blowing agents is gradually increasing for businesses. Blowing agent are important because they aid in the formation of a specific cellular structure in the foamed substance. This reduces the density of the foam, improves its acoustic and thermal insulation properties, and increases the original material's relative toughness. A wide range of materials can benefit from the use of blowing agents. Lightweight, heat insulation, and sound absorption are examples of these qualities, as are flexibility, permeability, electrical insulation, and shock absorption.
MARKET DYNAMICS
The packaging, automotive, building & construction, marine, transportation, appliances, bedding & furniture, and packaging industries are driving the polymer foam market. The usage of blowing agents is made easier by the rise of the polymer foams market. Thus, in the next years, the market for blowing agent will be driven by the predicted increase in demand for various types of polymeric foam in various end-use applications.
MARKET SCOPE
The "global blowing agent market analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the blowing agent market with detailed market segmentation by chemistry, product type, and foams. The global blowing agent market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading blowing agent market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global blowing agent market is segmented into chemistry, product type, and foam. By chemistry, the blowing agent market is classified into physical blowing agents, and chemical blowing agents. By product type, the blowing agent market is classified into hydrochlorofluorocarbons (HCFCS), hydrofluorocarbons (HFCS), hydro Carbons (HCS) and others. By foams blowing agent market is segmented into plyurethane foam (PU), polystyrene foam (PS), phenolic foam, polyolefin foam and 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 blowing agent market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The blowing agent 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 blowing agent 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 blowing agent 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 blowing agent market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The blowing agent 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 blowing agent 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 blowing agent market in these regions.
MARKET PLAYERS
The report covers vital developments in the blowing agent 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 players from the blowing agent market are anticipated to witness lucrative growth opportunities in the future with the rising demand blowing agent market in the global market. Below mentioned is the list of few companies engaged in the blowing agent market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the blowing agent market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Arkema S. A.
- Daikin Industries, Ltd
- Haltermann GmbH
- E. I. Dupont De Nemours and Company
- Foam Supplies, Inc
- Harp International Ltd
- Honeywell International Inc
- KibbeChem, Inc
- Linde AG
- Solvay SA
- 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.
101. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Blowing Agent Market - By Chemistry
1. 3. 2 Blowing Agent Market - By Product Type
1. 3. 3 Blowing Agent Market - By Foams
1. 3. 4 Blowing Agent Market - By Region
1. 3. 4. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOWING AGENT 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. BLOWING AGENT 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. BLOWING AGENT MARKET - GLOBAL MARKET ANALYSIS
6. 1. BLOWING AGENT - GLOBAL MARKET OVERVIEW
6. 2. BLOWING AGENT - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE
7. BLOWING AGENT MARKET - REVENUE AND FORECASTS TO 2028 - CHEMISTRY
7. 1. OVERVIEW
7. 2. CHEMISTRY MARKET FORECASTS AND ANALYSIS
7. 3. PHYSICAL BLOWING AGENTS
7. 3. 1. Overview
7. 3. 2. Physical Blowing Agents Market Forecast and Analysis
7. 4. CHEMICAL BLOWING AGENTS
7. 4. 1. Overview
7. 4. 2. Chemical Blowing Agents Market Forecast and Analysis
8. BLOWING AGENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8. 1. OVERVIEW
8. 2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8. 3. HYDROCHLOROFLUOROCARBONS (HCFCS)
8. 3. 1. Overview
8. 3. 2. Hydrochlorofluorocarbons (HCFCS) Market Forecast and Analysis
8. 4. HYDROFLUOROCARBONS (HFCS)
8. 4. 1. Overview
8. 4. 2. Hydrofluorocarbons (HFCS) Market Forecast and Analysis
8. 5. HYDRO CARBONS (HCS)
8. 5. 1. Overview
8. 5. 2. Hydro Carbons (HCS) Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis
9. BLOWING AGENT MARKET - REVENUE AND FORECASTS TO 2028 - FOAMS
9. 1. OVERVIEW
9. 2. FOAMS MARKET FORECASTS AND ANALYSIS
9. 3. POLYURETHANE FOAM (PU)
9. 3. 1. Overview
9. 3. 2. Polyurethane Foam (PU) Market Forecast and Analysis
9. 4. POLYSTYRENE FOAM (PS)
9. 4. 1. Overview
9. 4. 2. Polystyrene Foam (PS) Market Forecast and Analysis
9. 5. PHENOLIC FOAM
9. 5. 1. Overview
9. 5. 2. Phenolic Foam Market Forecast and Analysis
9. 6. POLYOLEFIN FOAM
9. 6. 1. Overview
9. 6. 2. Polyolefin Foam Market Forecast and Analysis
9. 7. OTHERS
9. 7. 1. Overview
9. 7. 2. Others Market Forecast and Analysis
10. BLOWING AGENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Blowing Agent Market Overview
10. 1. 2 North America Blowing Agent Market Forecasts and Analysis
10. 1. 3 North America Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 1. 4 North America Blowing Agent Market Forecasts and Analysis - By Product Type
10. 1. 5 North America Blowing Agent Market Forecasts and Analysis - By Foams
10. 1. 6 North America Blowing Agent Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Blowing Agent Market
10. 1. 6. 1. 1 United States Blowing Agent Market by Chemistry
10. 1. 6. 1. 2 United States Blowing Agent Market by Product Type
10. 1. 6. 1. 3 United States Blowing Agent Market by Foams
10. 1. 6. 2 Canada Blowing Agent Market
10. 1. 6. 2. 1 Canada Blowing Agent Market by Chemistry
10. 1. 6. 2. 2 Canada Blowing Agent Market by Product Type
10. 1. 6. 2. 3 Canada Blowing Agent Market by Foams
10. 1. 6. 3 Mexico Blowing Agent Market
10. 1. 6. 3. 1 Mexico Blowing Agent Market by Chemistry
10. 1. 6. 3. 2 Mexico Blowing Agent Market by Product Type
10. 1. 6. 3. 3 Mexico Blowing Agent Market by Foams
10. 2. EUROPE
10. 2. 1 Europe Blowing Agent Market Overview
10. 2. 2 Europe Blowing Agent Market Forecasts and Analysis
10. 2. 3 Europe Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 2. 4 Europe Blowing Agent Market Forecasts and Analysis - By Product Type
10. 2. 5 Europe Blowing Agent Market Forecasts and Analysis - By Foams
10. 2. 6 Europe Blowing Agent Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Blowing Agent Market
10. 2. 6. 1. 1 Germany Blowing Agent Market by Chemistry
10. 2. 6. 1. 2 Germany Blowing Agent Market by Product Type
10. 2. 6. 1. 3 Germany Blowing Agent Market by Foams
10. 2. 6. 2 France Blowing Agent Market
10. 2. 6. 2. 1 France Blowing Agent Market by Chemistry
10. 2. 6. 2. 2 France Blowing Agent Market by Product Type
10. 2. 6. 2. 3 France Blowing Agent Market by Foams
10. 2. 6. 3 Italy Blowing Agent Market
10. 2. 6. 3. 1 Italy Blowing Agent Market by Chemistry
10. 2. 6. 3. 2 Italy Blowing Agent Market by Product Type
10. 2. 6. 3. 3 Italy Blowing Agent Market by Foams
10. 2. 6. 4 United Kingdom Blowing Agent Market
10. 2. 6. 4. 1 United Kingdom Blowing Agent Market by Chemistry
10. 2. 6. 4. 2 United Kingdom Blowing Agent Market by Product Type
10. 2. 6. 4. 3 United Kingdom Blowing Agent Market by Foams
10. 2. 6. 5 Russia Blowing Agent Market
10. 2. 6. 5. 1 Russia Blowing Agent Market by Chemistry
10. 2. 6. 5. 2 Russia Blowing Agent Market by Product Type
10. 2. 6. 5. 3 Russia Blowing Agent Market by Foams
10. 2. 6. 6 Rest of Europe Blowing Agent Market
10. 2. 6. 6. 1 Rest of Europe Blowing Agent Market by Chemistry
10. 2. 6. 6. 2 Rest of Europe Blowing Agent Market by Product Type
10. 2. 6. 6. 3 Rest of Europe Blowing Agent Market by Foams
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Blowing Agent Market Overview
10. 3. 2 Asia-Pacific Blowing Agent Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 3. 4 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Product Type
10. 3. 5 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Foams
10. 3. 6 Asia-Pacific Blowing Agent Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Blowing Agent Market
10. 3. 6. 1. 1 Australia Blowing Agent Market by Chemistry
10. 3. 6. 1. 2 Australia Blowing Agent Market by Product Type
10. 3. 6. 1. 3 Australia Blowing Agent Market by Foams
10. 3. 6. 2 China Blowing Agent Market
10. 3. 6. 2. 1 China Blowing Agent Market by Chemistry
10. 3. 6. 2. 2 China Blowing Agent Market by Product Type
10. 3. 6. 2. 3 China Blowing Agent Market by Foams
10. 3. 6. 3 India Blowing Agent Market
10. 3. 6. 3. 1 India Blowing Agent Market by Chemistry
10. 3. 6. 3. 2 India Blowing Agent Market by Product Type
10. 3. 6. 3. 3 India Blowing Agent Market by Foams
10. 3. 6. 4 Japan Blowing Agent Market
10. 3. 6. 4. 1 Japan Blowing Agent Market by Chemistry
10. 3. 6. 4. 2 Japan Blowing Agent Market by Product Type
10. 3. 6. 4. 3 Japan Blowing Agent Market by Foams
10. 3. 6. 5 South Korea Blowing Agent Market
10. 3. 6. 5. 1 South Korea Blowing Agent Market by Chemistry
10. 3. 6. 5. 2 South Korea Blowing Agent Market by Product Type
10. 3. 6. 5. 3 South Korea Blowing Agent Market by Foams
10. 3. 6. 6 Rest of Asia-Pacific Blowing Agent Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Blowing Agent Market by Chemistry
10. 3. 6. 6. 2 Rest of Asia-Pacific Blowing Agent Market by Product Type
10. 3. 6. 6. 3 Rest of Asia-Pacific Blowing Agent Market by Foams
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Blowing Agent Market Overview
10. 4. 2 Middle East and Africa Blowing Agent Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 4. 4 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Product Type
10. 4. 5 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Foams
10. 4. 6 Middle East and Africa Blowing Agent Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Blowing Agent Market
10. 4. 6. 1. 1 South Africa Blowing Agent Market by Chemistry
10. 4. 6. 1. 2 South Africa Blowing Agent Market by Product Type
10. 4. 6. 1. 3 South Africa Blowing Agent Market by Foams
10. 4. 6. 2 Saudi Arabia Blowing Agent Market
10. 4. 6. 2. 1 Saudi Arabia Blowing Agent Market by Chemistry
10. 4. 6. 2. 2 Saudi Arabia Blowing Agent Market by Product Type
10. 4. 6. 2. 3 Saudi Arabia Blowing Agent Market by Foams
10. 4. 6. 3 U. A. E Blowing Agent Market
10. 4. 6. 3. 1 U. A. E Blowing Agent Market by Chemistry
10. 4. 6. 3. 2 U. A. E Blowing Agent Market by Product Type
10. 4. 6. 3. 3 U. A. E Blowing Agent Market by Foams
10. 4. 6. 4 Rest of Middle East and Africa Blowing Agent Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Blowing Agent Market by Chemistry
10. 4. 6. 4. 2 Rest of Middle East and Africa Blowing Agent Market by Product Type
10. 4. 6. 4. 3 Rest of Middle East and Africa Blowing Agent Market by Foams
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Blowing Agent Market Overview
10. 5. 2 South and Central America Blowing Agent Market Forecasts and Analysis
10. 5. 3 South and Central America Blowing Agent Market Forecasts and Analysis - By Chemistry
10. 5. 4 South and Central America Blowing Agent Market Forecasts and Analysis - By Product Type
10. 5. 5 South and Central America Blowing Agent Market Forecasts and Analysis - By Foams
10. 5. 6 South and Central America Blowing Agent Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Blowing Agent Market
10. 5. 6. 1. 1 Brazil Blowing Agent Market by Chemistry
10. 5. 6. 1. 2 Brazil Blowing Agent Market by Product Type
10. 5. 6. 1. 3 Brazil Blowing Agent Market by Foams
10. 5. 6. 2 Argentina Blowing Agent Market
10. 5. 6. 2. 1 Argentina Blowing Agent Market by Chemistry
10. 5. 6. 2. 2 Argentina Blowing Agent Market by Product Type
10. 5. 6. 2. 3 Argentina Blowing Agent Market by Foams
10. 5. 6. 3 Rest of South and Central America Blowing Agent Market
10. 5. 6. 3. 1 Rest of South and Central America Blowing Agent Market by Chemistry
10. 5. 6. 3. 2 Rest of South and Central America Blowing Agent Market by Product Type
10. 5. 6. 3. 3 Rest of South and Central America Blowing Agent Market by Foams
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. BLOWING AGENT MARKET, KEY COMPANY PROFILES
12. 1. ARKEMA S. A.
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. DAIKIN INDUSTRIES, LTD
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. HALTERMANN GMBH
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. E. I. DUPONT DE NEMOURS AND COMPANY
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. FOAM SUPPLIES, INC
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. HARP INTERNATIONAL 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. HONEYWELL INTERNATIONAL INC
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. KIBBECHEM, INC
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. LINDE AG
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. SOLVAY SA
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
The List Of Companies
- Arkema S. A.
- Daikin Industries, Ltd
- Haltermann GmbH
- E. I. Dupont De Nemours and Company
- Foam Supplies, Inc
- Harp International Ltd
- Honeywell International Inc
- KibbeChem, Inc
- Linde AG
- Solvay SA
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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