Concrete Admixtures Market Opportunities 2031
The Concrete Admixtures Market is expected to register a CAGR of 5.5% from 2024 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 (Water Reducing Admixture, Accelerating Admixture, Retarding Admixture, Air Entraining Admixture, and Others). The report is also segmented by End Use (Residential and Non-Residential). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Concrete Admixtures 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.
Concrete Admixtures Market Segmentation
Type- Water Reducing Admixture
- Accelerating Admixture
- Retarding Admixture
- Air Entraining Admixture
- Residential
- Non-Residential
Strategic Insights
Concrete Admixtures Market Growth Drivers- Urbanization and Construction Demand: One of the factors that is enhancing the growth of the concrete admixtures market is the increasing urbanization and the need for construction works especially in developing countries. Concrete admixtures are a key element in the enhancement of the performance as well as the durability of concrete applied in various construction projects and hence driving the growth of the market.
- Green Building Practices: The rising awareness and promotion of green building practices in the construction sector is leading to more use of concrete admixtures to make concrete ‘greener’. Additive manufacturers serve this need by providing high performance carbon negative backfill additives which strengthen the majority of structures embedded within the backfill.
- Technological Advancements: The continuous development of the concrete industry is nurtured by the progressive technological inventions like the introduction of new special purpose admixtures. These new materials can improve the workability, setting time and freeze resistance of concrete, which in turn enhances their usage in the building industry.
- Smart Concrete Applications: The inclination for the development of smart concrete applications is on the rise, with many incorporating admixtures that facilitate the integration of sensors in concrete as well as self-repairing features. These assist in enhancing the longevity and the strength of structures, hence modern construction practices, which are efficient and durable in nature, experience increased growth in the market.
- Sustainability in Construction: Moreover, construction industry contemporary developments are aimed at promoting sustainability, which has, in turn, led to the growing popularity of green concrete ingredients. There are such products which also minimize CO2 emissions, improve energy usage and make use of waste material and these products are gaining traction in the marketplace as a result of global campaigns seeking to address environmental sustainability and encourage green construction.
- Precast Concrete Growth: The increased popularity of precast concrete is also associated with these products’ efficiency and quality control features. This trend is making available advanced variety of admixtures, which are used to improve the precast concrete properties such as workability and setting time, making them widely applicable in many construction works.
- Rapid Urbanization: The rapid urbanization and the accompanying development of infrastructure in these emerging economies are posing lucrative growth prospects for the concrete admixtures market. Regionally Based construction activities that these regions engage in will increase the demand for high-performance concrete solutions hence allowing the manufacturers to come up with new admixtures that are suitable to the local environment and conditions.
- Growing Ecological Concerns: With the increasing awareness towards ecological concerns, there is an opportunity for the manufacturers to produce green concrete admixtures. Ecological products that contain recycled raw materials and those that help to cut down carbon emissions will win the green market and the regulatory war on the companies thus giving the businesses a competitive advantage in the green economy.
- Technological Innovations: Due to technological innovations, it is possible to come up with new concrete admixtures that will improve quality attributes like workability, strength, and durability. This is an opportunity for companies to look for R&D spending as well as investment in new kinds of products that have been designed to satisfy the changing needs of the construction industry and enhance the overall success of projects.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Concrete Admixtures 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 Concrete Admixtures 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the concrete admixtures market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increasing adoption of smart concrete technologies is likely to remain the key trend in the market.
Arkaz, BASF SE, CEMEX SAB de CV, Fosroc Inc, MAPEI SpA, Normet Group, SIKA AG, The Euclid Chemical Company, Thermax Limited, and Yaya International ASA are among the leading players operating in the concrete admixtures market.
Increasing urbanization and infrastructural development is driving the market growth
The Concrete Admixtures Market is estimated to witness a CAGR of 5.5% from 2023 to 2031
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 Concrete Admixtures Market - By Type
1.3.2 Concrete Admixtures Market - By End Use
1.3.3 Concrete Admixtures Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONCRETE ADMIXTURES 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. CONCRETE ADMIXTURES 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. CONCRETE ADMIXTURES MARKET - GLOBAL MARKET ANALYSIS
6.1. CONCRETE ADMIXTURES - GLOBAL MARKET OVERVIEW
6.2. CONCRETE ADMIXTURES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONCRETE ADMIXTURES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SUPERPLASTICIZERS
7.3.1. Overview
7.3.2. Superplasticizers Market Forecast and Analysis
7.4. NORMAL PLASTICIZERS
7.4.1. Overview
7.4.2. Normal plasticizers Market Forecast and Analysis
7.5. ACCELERATING ADMIXTURES
7.5.1. Overview
7.5.2. Accelerating admixtures Market Forecast and Analysis
7.6. RETARDING ADMIXTURES
7.6.1. Overview
7.6.2. Retarding admixtures Market Forecast and Analysis
7.7. AIR-ENTRAINING ADMIXTURES
7.7.1. Overview
7.7.2. Air-entraining admixtures Market Forecast and Analysis
7.8. WATER-PROOFING ADMIXTURES
7.8.1. Overview
7.8.2. Water-proofing admixtures Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. CONCRETE ADMIXTURES MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
9. CONCRETE ADMIXTURES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Concrete Admixtures Market Overview
9.1.2 North America Concrete Admixtures Market Forecasts and Analysis
9.1.3 North America Concrete Admixtures Market Forecasts and Analysis - By Type
9.1.4 North America Concrete Admixtures Market Forecasts and Analysis - By End Use
9.1.5 North America Concrete Admixtures Market Forecasts and Analysis - By Countries
9.1.5.1 United States Concrete Admixtures Market
9.1.5.1.1 United States Concrete Admixtures Market by Type
9.1.5.1.2 United States Concrete Admixtures Market by End Use
9.1.5.2 Canada Concrete Admixtures Market
9.1.5.2.1 Canada Concrete Admixtures Market by Type
9.1.5.2.2 Canada Concrete Admixtures Market by End Use
9.1.5.3 Mexico Concrete Admixtures Market
9.1.5.3.1 Mexico Concrete Admixtures Market by Type
9.1.5.3.2 Mexico Concrete Admixtures Market by End Use
9.2. EUROPE
9.2.1 Europe Concrete Admixtures Market Overview
9.2.2 Europe Concrete Admixtures Market Forecasts and Analysis
9.2.3 Europe Concrete Admixtures Market Forecasts and Analysis - By Type
9.2.4 Europe Concrete Admixtures Market Forecasts and Analysis - By End Use
9.2.5 Europe Concrete Admixtures Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Concrete Admixtures Market
9.2.5.1.1 Germany Concrete Admixtures Market by Type
9.2.5.1.2 Germany Concrete Admixtures Market by End Use
9.2.5.2 France Concrete Admixtures Market
9.2.5.2.1 France Concrete Admixtures Market by Type
9.2.5.2.2 France Concrete Admixtures Market by End Use
9.2.5.3 Italy Concrete Admixtures Market
9.2.5.3.1 Italy Concrete Admixtures Market by Type
9.2.5.3.2 Italy Concrete Admixtures Market by End Use
9.2.5.4 United Kingdom Concrete Admixtures Market
9.2.5.4.1 United Kingdom Concrete Admixtures Market by Type
9.2.5.4.2 United Kingdom Concrete Admixtures Market by End Use
9.2.5.5 Russia Concrete Admixtures Market
9.2.5.5.1 Russia Concrete Admixtures Market by Type
9.2.5.5.2 Russia Concrete Admixtures Market by End Use
9.2.5.6 Rest of Europe Concrete Admixtures Market
9.2.5.6.1 Rest of Europe Concrete Admixtures Market by Type
9.2.5.6.2 Rest of Europe Concrete Admixtures Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Concrete Admixtures Market Overview
9.3.2 Asia-Pacific Concrete Admixtures Market Forecasts and Analysis
9.3.3 Asia-Pacific Concrete Admixtures Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Concrete Admixtures Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Concrete Admixtures Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Concrete Admixtures Market
9.3.5.1.1 Australia Concrete Admixtures Market by Type
9.3.5.1.2 Australia Concrete Admixtures Market by End Use
9.3.5.2 China Concrete Admixtures Market
9.3.5.2.1 China Concrete Admixtures Market by Type
9.3.5.2.2 China Concrete Admixtures Market by End Use
9.3.5.3 India Concrete Admixtures Market
9.3.5.3.1 India Concrete Admixtures Market by Type
9.3.5.3.2 India Concrete Admixtures Market by End Use
9.3.5.4 Japan Concrete Admixtures Market
9.3.5.4.1 Japan Concrete Admixtures Market by Type
9.3.5.4.2 Japan Concrete Admixtures Market by End Use
9.3.5.5 South Korea Concrete Admixtures Market
9.3.5.5.1 South Korea Concrete Admixtures Market by Type
9.3.5.5.2 South Korea Concrete Admixtures Market by End Use
9.3.5.6 Rest of Asia-Pacific Concrete Admixtures Market
9.3.5.6.1 Rest of Asia-Pacific Concrete Admixtures Market by Type
9.3.5.6.2 Rest of Asia-Pacific Concrete Admixtures Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Concrete Admixtures Market Overview
9.4.2 Middle East and Africa Concrete Admixtures Market Forecasts and Analysis
9.4.3 Middle East and Africa Concrete Admixtures Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Concrete Admixtures Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Concrete Admixtures Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Concrete Admixtures Market
9.4.5.1.1 South Africa Concrete Admixtures Market by Type
9.4.5.1.2 South Africa Concrete Admixtures Market by End Use
9.4.5.2 Saudi Arabia Concrete Admixtures Market
9.4.5.2.1 Saudi Arabia Concrete Admixtures Market by Type
9.4.5.2.2 Saudi Arabia Concrete Admixtures Market by End Use
9.4.5.3 U.A.E Concrete Admixtures Market
9.4.5.3.1 U.A.E Concrete Admixtures Market by Type
9.4.5.3.2 U.A.E Concrete Admixtures Market by End Use
9.4.5.4 Rest of Middle East and Africa Concrete Admixtures Market
9.4.5.4.1 Rest of Middle East and Africa Concrete Admixtures Market by Type
9.4.5.4.2 Rest of Middle East and Africa Concrete Admixtures Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Concrete Admixtures Market Overview
9.5.2 South and Central America Concrete Admixtures Market Forecasts and Analysis
9.5.3 South and Central America Concrete Admixtures Market Forecasts and Analysis - By Type
9.5.4 South and Central America Concrete Admixtures Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Concrete Admixtures Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Concrete Admixtures Market
9.5.5.1.1 Brazil Concrete Admixtures Market by Type
9.5.5.1.2 Brazil Concrete Admixtures Market by End Use
9.5.5.2 Argentina Concrete Admixtures Market
9.5.5.2.1 Argentina Concrete Admixtures Market by Type
9.5.5.2.2 Argentina Concrete Admixtures Market by End Use
9.5.5.3 Rest of South and Central America Concrete Admixtures Market
9.5.5.3.1 Rest of South and Central America Concrete Admixtures Market by Type
9.5.5.3.2 Rest of South and Central America Concrete Admixtures Market by End Use
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. CONCRETE ADMIXTURES MARKET, KEY COMPANY PROFILES
11.1. SIKA AG
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. BASF SE
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. GCP APPLIED TECHNOLOGIES, INC.
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. RPM INTERNATIONAL, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FOSROC, 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. MAPEI SPA
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. CHYRSO SAS
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. RHEIN-CHEMOTECHNIK GMBH
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. LONESTAR FUNDS
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. CEMEX SAB DE CV
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. CICO TECHNOLOGIES LTD.
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. CONCRETE ADDITIVES AND CHEMICALS PVT. LTD.
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. THERMAX LIMITED.
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. MBCC GROUP
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. THE EUCLID CHEMICAL COMPANY
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. RITEKS INC.
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. HA-BE BETONCHEMIE
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. MICROMARKETMONITOR
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. CEMENT ADMIXTURES ASSOCIATION
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments
11.20. PCC GROUP
11.20.1. Key Facts
11.20.2. Business Description
11.20.3. Products and Services
11.20.4. Financial Overview
11.20.5. SWOT Analysis
11.20.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Sika AG
2. BASF SE
3. GCP Applied Technologies, Inc.
4. RPM International, Inc.
5. Fosroc, Inc.
6. Mapei SpA
7. CHYRSO SAS
8. Rhein-Chemotechnik GmbH
9. Lonestar Funds
10. CEMEX SAB de CV
11. CICO Technologies Ltd.
12. Concrete Additives and Chemicals Pvt. Ltd.
13. Thermax Limited.
14. MBCC Group
15. The Euclid Chemical Company
16. Riteks Inc.
17. HA-BE BETONCHEMIE
18. MicroMarketMonitor
19. Cement Admixtures Association
20.PCC Group
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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