Building and Construction Plastics Market 2031 Insights
The Building and Construction Plastics Market is expected to register a CAGR of 7% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by type (polyurethane, polystyrene, polyvinyl chloride, polyethylene, polycarbonate, polyethylene terephthalate and others). The report further presents analysis based on application (windows, pipes and ducts, insulation, roofing, wall covering and others). Based on end use, the market is segmented into (residential, commercial, industrial and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Building and Construction Plastics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Building and Construction Plastics Market Segmentation
Type- Polyurethane
- Polystyrene
- Polyvinyl Chloride
- Polyethylene
- Polycarbonate
- Polyethylene Terephthalate and Others
- Windows
- Pipes and Ducts
- Insulation
- Roofing
- Wall Covering and Others
- Residential
- Commercial
- Industrial and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Building and Construction Plastics Market Growth Drivers- Urbanization and Economic Growth Drive Demand for Lightweight, Corrosion-Resistant Plastics in Construction: The increase in the demand for residential and commercial building is a key driver for building and construction plastics. Urbanization and economic growth result in a significant boost to construction activities. Plastics are preferred over other materials mainly due to their lightweight, resistance properties, as well as flexibility of applications for insulation, piping, and cladding.
- Government Initiatives to Upgrade Infrastructure Boost Demand for Cost-Effective, Low-Maintenance Plastics: The strong initiatives being made by various governments to upgrade the infrastructure are quite impacting demand in building and construction plastics. Many nations, in recent times, have been spending a lot on infrastructure activities such as roads, bridges, and public facilities in order to enhance growth and connectivity. Plastics are increasingly used in such applications because they resist corrosion, require less maintenance, and are cost-effective. Thus, the currently ongoing drive to upgrade the infrastructure will also continue to increase demand for plastics materials in construction.
- Global Shift Toward Energy-Efficient Buildings Propels the Use of Advanced Plastics for Insulation and Sustainability: The global shift towards energy-efficient buildings is driving the demand for advanced construction materials. Because of regulations and standards related to saving energy and reducing carbon footprint, construction companies are prompted to use materials that maximize insulation and reduce waste. The use of plastics in modern construction has become prevalent with the rise in thermal insulation and energy-efficient applications.
- Digital Technologies Transform Construction Industry, Enhancing Efficiency and Project Management: The digital technologies aid in improving the eficiency and collaboration in the construction industry. In the recent years, construction planning is executed by tools such as Building Information Modeling, project management software, and mobile applications to transform the way projects are planned and executed. Thus, the developments in construction industry drive the market growth, as a result of better design, visualization, and project management.
- Focus on Sustainability Drives Demand for Recycled and Recyclable Building Plastics: There is also a focus by the construction industry to make construction more sustainable and circular economy-oriented through recycling material content and waste reduction. Consequently, this development leads to the production of recycled content or recyclable building and construction plastics. To this end, companies are also investing in technologies to facilitate recycling plastic waste from the construction process while aligning with global sustainability goals and staying ahead of market competition.
- Efficient Supply Chain Strategies Push for More Accessible, Locally Sourced Construction Plastics: Companies have focused their strategies on making their supply chains as effective as possible through measures such as diversifying suppliers, localizing production, and just-in-time inventory practices. Such developments generate a demand for building and construction plastics that are sourced and delivered efficiently.
- Opportunities in Advanced High-Performance Plastics for Structural and Exterior Applications: High-performance plastics offers lucrative opportunities for manufacturers to formulate new plastic products. Advanced polymer chemistry could lead to the development of materials with improved toughness, strength, and resistance. Such advanced plastics could hence be used in an wide range of applications from structural elements to exterior cladding, which would gain manufacturers a competitive edge in the market.
- Integration of Smart Technologies in Building Materials Enhances Energy Efficiency and Monitoring: Integration of smart technologies into building materials offers an opportunity for the plastics market. The development of plastics that incorporate sensors or even IoT capability might enhance the performance of a building to monitor temperature, humidity, and structural integrity. Since these smart materials can provide building management systems with invaluable data-their implementation can improve energy efficiency.
- Sustainable Construction Boosts Demand for Bio-Based and Recycled Building Plastics: With the growth in sustainable construction, there arises an opportunity to increase the range of products through the integration of sustainable building and construction plastics, with bio-based materials, recycled plastics, or products. Key market players can develop new products, aligning with sustainability goals, thereby tapping rapidly growing market segment and meet the demands of environmentally conscious end users.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Building and Construction Plastics Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Building and Construction Plastics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
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to country scope.
Frequently Asked Questions
The Building and Construction Plastics Market is estimated to witness a CAGR of 7% from 2023 to 2031
Growth in the construction industry and infrastructure development are driving the market growth
Asahi Kasei Corporation; BASF SE; Borealis AG; LyondellBasell Industries Holdings BV; LANXESS are some of the key players operating in the building and construction plastics market
Based on end use, the commercial segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the building and construction plastics market due to growth in the construction industry in the region
Sustainability and circular economy practices is expected to be the key market trends
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 Building And Construction Plastics Market - By Plastic Types
1.3.2 Building And Construction Plastics Market - By Application
1.3.3 Building And Construction Plastics Market - By End User
1.3.4 Building And Construction Plastics Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. BUILDING AND CONSTRUCTION PLASTICS 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. BUILDING AND CONSTRUCTION PLASTICS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BUILDING AND CONSTRUCTION PLASTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. BUILDING AND CONSTRUCTION PLASTICS - GLOBAL MARKET OVERVIEW
6.2. BUILDING AND CONSTRUCTION PLASTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BUILDING AND CONSTRUCTION PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - PLASTIC TYPES
7.1. OVERVIEW
7.2. PLASTIC TYPES MARKET FORECASTS AND ANALYSIS
7.3. POLYURETHANES
7.3.1. Overview
7.3.2. Polyurethanes Market Forecast and Analysis
7.4. POLYETHYLENE
7.4.1. Overview
7.4.2. Polyethylene Market Forecast and Analysis
7.5. POLYSTYRENE
7.5.1. Overview
7.5.2. Polystyrene Market Forecast and Analysis
7.6. POLYVINYL CHLORIDE
7.6.1. Overview
7.6.2. Polyvinyl Chloride Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BUILDING AND CONSTRUCTION PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WINDOWS
8.3.1. Overview
8.3.2. Windows Market Forecast and Analysis
8.4. WALL COVERINGS
8.4.1. Overview
8.4.2. Wall Coverings Market Forecast and Analysis
8.5. PIPES AND DUCTS
8.5.1. Overview
8.5.2. Pipes and Ducts Market Forecast and Analysis
8.6. INSULATION
8.6.1. Overview
8.6.2. Insulation Market Forecast and Analysis
8.7. ROOFING
8.7.1. Overview
8.7.2. Roofing Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. BUILDING AND CONSTRUCTION PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. NON-RESIDENTIAL
9.3.1. Overview
9.3.2. Non-Residential Market Forecast and Analysis
9.4. RESIDENTIAL
9.4.1. Overview
9.4.2. Residential Market Forecast and Analysis
10. BUILDING AND CONSTRUCTION PLASTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Building And Construction Plastics Market Overview
10.1.2 North America Building And Construction Plastics Market Forecasts and Analysis
10.1.3 North America Building And Construction Plastics Market Forecasts and Analysis - By Plastic Types
10.1.4 North America Building And Construction Plastics Market Forecasts and Analysis - By Application
10.1.5 North America Building And Construction Plastics Market Forecasts and Analysis - By End User
10.1.6 North America Building And Construction Plastics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Building And Construction Plastics Market
10.1.6.1.1 United States Building And Construction Plastics Market by Plastic Types
10.1.6.1.2 United States Building And Construction Plastics Market by Application
10.1.6.1.3 United States Building And Construction Plastics Market by End User
10.1.6.2 Canada Building And Construction Plastics Market
10.1.6.2.1 Canada Building And Construction Plastics Market by Plastic Types
10.1.6.2.2 Canada Building And Construction Plastics Market by Application
10.1.6.2.3 Canada Building And Construction Plastics Market by End User
10.1.6.3 Mexico Building And Construction Plastics Market
10.1.6.3.1 Mexico Building And Construction Plastics Market by Plastic Types
10.1.6.3.2 Mexico Building And Construction Plastics Market by Application
10.1.6.3.3 Mexico Building And Construction Plastics Market by End User
10.2. EUROPE
10.2.1 Europe Building And Construction Plastics Market Overview
10.2.2 Europe Building And Construction Plastics Market Forecasts and Analysis
10.2.3 Europe Building And Construction Plastics Market Forecasts and Analysis - By Plastic Types
10.2.4 Europe Building And Construction Plastics Market Forecasts and Analysis - By Application
10.2.5 Europe Building And Construction Plastics Market Forecasts and Analysis - By End User
10.2.6 Europe Building And Construction Plastics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Building And Construction Plastics Market
10.2.6.1.1 Germany Building And Construction Plastics Market by Plastic Types
10.2.6.1.2 Germany Building And Construction Plastics Market by Application
10.2.6.1.3 Germany Building And Construction Plastics Market by End User
10.2.6.2 France Building And Construction Plastics Market
10.2.6.2.1 France Building And Construction Plastics Market by Plastic Types
10.2.6.2.2 France Building And Construction Plastics Market by Application
10.2.6.2.3 France Building And Construction Plastics Market by End User
10.2.6.3 Italy Building And Construction Plastics Market
10.2.6.3.1 Italy Building And Construction Plastics Market by Plastic Types
10.2.6.3.2 Italy Building And Construction Plastics Market by Application
10.2.6.3.3 Italy Building And Construction Plastics Market by End User
10.2.6.4 United Kingdom Building And Construction Plastics Market
10.2.6.4.1 United Kingdom Building And Construction Plastics Market by Plastic Types
10.2.6.4.2 United Kingdom Building And Construction Plastics Market by Application
10.2.6.4.3 United Kingdom Building And Construction Plastics Market by End User
10.2.6.5 Russia Building And Construction Plastics Market
10.2.6.5.1 Russia Building And Construction Plastics Market by Plastic Types
10.2.6.5.2 Russia Building And Construction Plastics Market by Application
10.2.6.5.3 Russia Building And Construction Plastics Market by End User
10.2.6.6 Rest of Europe Building And Construction Plastics Market
10.2.6.6.1 Rest of Europe Building And Construction Plastics Market by Plastic Types
10.2.6.6.2 Rest of Europe Building And Construction Plastics Market by Application
10.2.6.6.3 Rest of Europe Building And Construction Plastics Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Building And Construction Plastics Market Overview
10.3.2 Asia-Pacific Building And Construction Plastics Market Forecasts and Analysis
10.3.3 Asia-Pacific Building And Construction Plastics Market Forecasts and Analysis - By Plastic Types
10.3.4 Asia-Pacific Building And Construction Plastics Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Building And Construction Plastics Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Building And Construction Plastics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Building And Construction Plastics Market
10.3.6.1.1 Australia Building And Construction Plastics Market by Plastic Types
10.3.6.1.2 Australia Building And Construction Plastics Market by Application
10.3.6.1.3 Australia Building And Construction Plastics Market by End User
10.3.6.2 China Building And Construction Plastics Market
10.3.6.2.1 China Building And Construction Plastics Market by Plastic Types
10.3.6.2.2 China Building And Construction Plastics Market by Application
10.3.6.2.3 China Building And Construction Plastics Market by End User
10.3.6.3 India Building And Construction Plastics Market
10.3.6.3.1 India Building And Construction Plastics Market by Plastic Types
10.3.6.3.2 India Building And Construction Plastics Market by Application
10.3.6.3.3 India Building And Construction Plastics Market by End User
10.3.6.4 Japan Building And Construction Plastics Market
10.3.6.4.1 Japan Building And Construction Plastics Market by Plastic Types
10.3.6.4.2 Japan Building And Construction Plastics Market by Application
10.3.6.4.3 Japan Building And Construction Plastics Market by End User
10.3.6.5 South Korea Building And Construction Plastics Market
10.3.6.5.1 South Korea Building And Construction Plastics Market by Plastic Types
10.3.6.5.2 South Korea Building And Construction Plastics Market by Application
10.3.6.5.3 South Korea Building And Construction Plastics Market by End User
10.3.6.6 Rest of Asia-Pacific Building And Construction Plastics Market
10.3.6.6.1 Rest of Asia-Pacific Building And Construction Plastics Market by Plastic Types
10.3.6.6.2 Rest of Asia-Pacific Building And Construction Plastics Market by Application
10.3.6.6.3 Rest of Asia-Pacific Building And Construction Plastics Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Building And Construction Plastics Market Overview
10.4.2 Middle East and Africa Building And Construction Plastics Market Forecasts and Analysis
10.4.3 Middle East and Africa Building And Construction Plastics Market Forecasts and Analysis - By Plastic Types
10.4.4 Middle East and Africa Building And Construction Plastics Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Building And Construction Plastics Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Building And Construction Plastics Market Forecasts and Analysis - By Countries
10.4.6.1 Saudi Arabia Building And Construction Plastics Market
10.4.6.1.1 Saudi Arabia Building And Construction Plastics Market by Plastic Types
10.4.6.1.2 Saudi Arabia Building And Construction Plastics Market by Application
10.4.6.1.3 Saudi Arabia Building And Construction Plastics Market by End User
10.4.6.2 U.A.E Building And Construction Plastics Market
10.4.6.2.1 U.A.E Building And Construction Plastics Market by Plastic Types
10.4.6.2.2 U.A.E Building And Construction Plastics Market by Application
10.4.6.2.3 U.A.E Building And Construction Plastics Market by End User
10.4.6.3 Rest of Middle East and Africa Building And Construction Plastics Market
10.4.6.3.1 Rest of Middle East and Africa Building And Construction Plastics Market by Plastic Types
10.4.6.3.2 Rest of Middle East and Africa Building And Construction Plastics Market by Application
10.4.6.3.3 Rest of Middle East and Africa Building And Construction Plastics Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Building And Construction Plastics Market Overview
10.5.2 South and Central America Building And Construction Plastics Market Forecasts and Analysis
10.5.3 South and Central America Building And Construction Plastics Market Forecasts and Analysis - By Plastic Types
10.5.4 South and Central America Building And Construction Plastics Market Forecasts and Analysis - By Application
10.5.5 South and Central America Building And Construction Plastics Market Forecasts and Analysis - By End User
10.5.6 South and Central America Building And Construction Plastics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Building And Construction Plastics Market
10.5.6.1.1 Brazil Building And Construction Plastics Market by Plastic Types
10.5.6.1.2 Brazil Building And Construction Plastics Market by Application
10.5.6.1.3 Brazil Building And Construction Plastics Market by End User
10.5.6.2 Argentina Building And Construction Plastics Market
10.5.6.2.1 Argentina Building And Construction Plastics Market by Plastic Types
10.5.6.2.2 Argentina Building And Construction Plastics Market by Application
10.5.6.2.3 Argentina Building And Construction Plastics Market by End User
10.5.6.3 Rest of South and Central America Building And Construction Plastics Market
10.5.6.3.1 Rest of South and Central America Building And Construction Plastics Market by Plastic Types
10.5.6.3.2 Rest of South and Central America Building And Construction Plastics Market by Application
10.5.6.3.3 Rest of South and Central America Building And Construction Plastics Market by End User
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. BUILDING AND CONSTRUCTION PLASTICS MARKET, KEY COMPANY PROFILES
12.1. ARKEMA GROUP
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. ASAHI KASEI CORPORATION
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. BASF SE
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. BOREALIS AG
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. CORK PLASTICS
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. E. I. DU PONT DE NEMOURS AND COMPANY
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. INTER PRIMO A/S
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. SAUDI BASIC INDUSTRIES CORPORATION (SABIC)
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. SOLVAY S.A.
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. THE DOW CHEMICAL COMPANY
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 Group
- Asahi Kasei Corporation
- BASF SE
- Borealis AG
- Cork Plastics
- E. I. du Pont de Nemours and Company
- INTER PRIMO A/S
- Saudi Basic Industries Corporation (SABIC)
- Solvay S.A.
- The Dow Chemical Company
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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