Engineering Resins Market Key Findings by 2031
The term engineering resins mostly alludes to thermoplastic materials and resins. Properties such as high strength, low weight, impact resistance, dimensional stability, chemical stability, rigidity, and high heat resistance make them favorable for various engineering applications. Some of the commonly used engineering resins include polyoxymethylene (POM), polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polycarbonate, polyamide, and Teflon. Most engineering resins perform better even at temperatures above 135°C and hence are suitable for high-temperature applications and harsh working environments.
MARKET DYNAMICS
The rising uses of engineering plastics in various applications ranging from aviation and automobile to healthcare and packaging are presumed to have a positive impact on the demand for engineering resins used in manufacturing these plastics. The use of engineering resins over commodity resins is gaining traction as they have superior chemical, mechanical, thermal, and electric properties. Superior properties and enhanced performance of engineering plastics have led to their use in several challenging technical applications. They are increassingly used in the automotive, defense, aerospace, medical, and industrial applications. Engineering resins such as polyoxymethylene (POM) resins used in the automotive and industrial sectors are in high demand as they are used in manufacturing springs, bearings, and valves. The substitution of metal, wood, and commodity plastic by engineering plastic in various end-use industries are expected to spur the growth of the global engineering resins market in the forecast period.
MARKET SCOPE
The "Global Engineering Resins 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 engineering resins market with detailed market segmentation by type, application, end-use industry, and geography. The global engineering resins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading engineering resins market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global engineering resins market is segmented on the basis of type, application, and end-use industry. On the basis of type, the engineering resins market is segmented into, polycarbonate, acetal copolymer polyoxymethlence, acetal homopolymer polyoxymethlence, acrylic, nylon, polyethylene, polypropylene, polyvinylchloride, and teflon. On the basis of application, the market is bifurcated into, bumpers, chemical tanks, electrical insulators, inhalers, and others. Based on end-use industry, the global engineering resins market is segmented into, automotive, building and construction, electrical engineering, healthcare, packaging, and others.
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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 engineering resins 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), Middle East and Africa (MEA) and South America. The engineering resins 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 engineering resins 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 engineering resins market in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global engineering resins 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), Middle East and Africa (MEA) and South America. The engineering resins 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 engineering resins 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 engineering resins market in these regions.
MARKET PLAYERS
The reports cover key developments in the engineering resins 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 engineering resins market are anticipated to lucrative growth opportunities in the future with the rising demand for engineering resins in the global market. Below mentioned is the list of few companies engaged in the engineering resins market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the engineering resins 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.
- ARKEMA GROUP
- BASF S.E.
- E.I. Dupont de Numeours & Company
- Honeywell International Inc
- Innovative Plastics
- LG Chemicals
- Mitsubishi Chemical Corporation
- SABIC
- Solvay SA
- Sumitomo Chemical Co. Ltd.
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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Engineering Resins Market - By Type
1.3.2 Engineering Resins Market - By Application
1.3.3 Engineering Resins Market - By End Use Industry
1.3.4 Engineering Resins Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENGINEERING RESINS 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. ENGINEERING RESINS 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. ENGINEERING RESINS MARKET - GLOBAL MARKET ANALYSIS
6.1. ENGINEERING RESINS - GLOBAL MARKET OVERVIEW
6.2. ENGINEERING RESINS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENGINEERING RESINS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYCARBONATE
7.3.1. Overview
7.3.2. Polycarbonate Market Forecast and Analysis
7.4. ACETAL COPOLYMER POLYOXYMETHLENCE
7.4.1. Overview
7.4.2. Acetal Copolymer Polyoxymethlence Market Forecast and Analysis
7.5. ACETAL HOMOPOLYMER POLYOXYMETHLENCE
7.5.1. Overview
7.5.2. Acetal Homopolymer Polyoxymethlence Market Forecast and Analysis
7.6. ACRYLIC
7.6.1. Overview
7.6.2. Acrylic Market Forecast and Analysis
7.7. NYLON
7.7.1. Overview
7.7.2. Nylon Market Forecast and Analysis
7.8. POLYETHYLENE
7.8.1. Overview
7.8.2. Polyethylene Market Forecast and Analysis
7.9. POLYPROPYLENE
7.9.1. Overview
7.9.2. Polypropylene Market Forecast and Analysis
7.10. POLYVINYLCHLORIDE
7.10.1. Overview
7.10.2. Polyvinylchloride Market Forecast and Analysis
7.11. TEFLON
7.11.1. Overview
7.11.2. Teflon Market Forecast and Analysis
8. ENGINEERING RESINS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BUMPERS
8.3.1. Overview
8.3.2. Bumpers Market Forecast and Analysis
8.4. CHEMICAL TANKS
8.4.1. Overview
8.4.2. Chemical Tanks Market Forecast and Analysis
8.5. ELECTRICAL INSULATORS
8.5.1. Overview
8.5.2. Electrical Insulators Market Forecast and Analysis
8.6. INHALERS
8.6.1. Overview
8.6.2. Inhalers Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. ENGINEERING RESINS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. BUILDING AND CONSTRUCTION
9.4.1. Overview
9.4.2. Building and Construction Market Forecast and Analysis
9.5. ELECTRICAL ENGINEERING
9.5.1. Overview
9.5.2. Electrical Engineering Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. PACKAGING
9.7.1. Overview
9.7.2. Packaging Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. ENGINEERING RESINS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Engineering Resins Market Overview
10.1.2 North America Engineering Resins Market Forecasts and Analysis
10.1.3 North America Engineering Resins Market Forecasts and Analysis - By Type
10.1.4 North America Engineering Resins Market Forecasts and Analysis - By Application
10.1.5 North America Engineering Resins Market Forecasts and Analysis - By End Use Industry
10.1.6 North America Engineering Resins Market Forecasts and Analysis - By Countries
10.1.6.1 United States Engineering Resins Market
10.1.6.1.1 United States Engineering Resins Market by Type
10.1.6.1.2 United States Engineering Resins Market by Application
10.1.6.1.3 United States Engineering Resins Market by End Use Industry
10.1.6.2 Canada Engineering Resins Market
10.1.6.2.1 Canada Engineering Resins Market by Type
10.1.6.2.2 Canada Engineering Resins Market by Application
10.1.6.2.3 Canada Engineering Resins Market by End Use Industry
10.1.6.3 Mexico Engineering Resins Market
10.1.6.3.1 Mexico Engineering Resins Market by Type
10.1.6.3.2 Mexico Engineering Resins Market by Application
10.1.6.3.3 Mexico Engineering Resins Market by End Use Industry
10.2. EUROPE
10.2.1 Europe Engineering Resins Market Overview
10.2.2 Europe Engineering Resins Market Forecasts and Analysis
10.2.3 Europe Engineering Resins Market Forecasts and Analysis - By Type
10.2.4 Europe Engineering Resins Market Forecasts and Analysis - By Application
10.2.5 Europe Engineering Resins Market Forecasts and Analysis - By End Use Industry
10.2.6 Europe Engineering Resins Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Engineering Resins Market
10.2.6.1.1 Germany Engineering Resins Market by Type
10.2.6.1.2 Germany Engineering Resins Market by Application
10.2.6.1.3 Germany Engineering Resins Market by End Use Industry
10.2.6.2 France Engineering Resins Market
10.2.6.2.1 France Engineering Resins Market by Type
10.2.6.2.2 France Engineering Resins Market by Application
10.2.6.2.3 France Engineering Resins Market by End Use Industry
10.2.6.3 Italy Engineering Resins Market
10.2.6.3.1 Italy Engineering Resins Market by Type
10.2.6.3.2 Italy Engineering Resins Market by Application
10.2.6.3.3 Italy Engineering Resins Market by End Use Industry
10.2.6.4 United Kingdom Engineering Resins Market
10.2.6.4.1 United Kingdom Engineering Resins Market by Type
10.2.6.4.2 United Kingdom Engineering Resins Market by Application
10.2.6.4.3 United Kingdom Engineering Resins Market by End Use Industry
10.2.6.5 Russia Engineering Resins Market
10.2.6.5.1 Russia Engineering Resins Market by Type
10.2.6.5.2 Russia Engineering Resins Market by Application
10.2.6.5.3 Russia Engineering Resins Market by End Use Industry
10.2.6.6 Rest of Europe Engineering Resins Market
10.2.6.6.1 Rest of Europe Engineering Resins Market by Type
10.2.6.6.2 Rest of Europe Engineering Resins Market by Application
10.2.6.6.3 Rest of Europe Engineering Resins Market by End Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Engineering Resins Market Overview
10.3.2 Asia-Pacific Engineering Resins Market Forecasts and Analysis
10.3.3 Asia-Pacific Engineering Resins Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Engineering Resins Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Engineering Resins Market Forecasts and Analysis - By End Use Industry
10.3.6 Asia-Pacific Engineering Resins Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Engineering Resins Market
10.3.6.1.1 Australia Engineering Resins Market by Type
10.3.6.1.2 Australia Engineering Resins Market by Application
10.3.6.1.3 Australia Engineering Resins Market by End Use Industry
10.3.6.2 China Engineering Resins Market
10.3.6.2.1 China Engineering Resins Market by Type
10.3.6.2.2 China Engineering Resins Market by Application
10.3.6.2.3 China Engineering Resins Market by End Use Industry
10.3.6.3 India Engineering Resins Market
10.3.6.3.1 India Engineering Resins Market by Type
10.3.6.3.2 India Engineering Resins Market by Application
10.3.6.3.3 India Engineering Resins Market by End Use Industry
10.3.6.4 Japan Engineering Resins Market
10.3.6.4.1 Japan Engineering Resins Market by Type
10.3.6.4.2 Japan Engineering Resins Market by Application
10.3.6.4.3 Japan Engineering Resins Market by End Use Industry
10.3.6.5 South Korea Engineering Resins Market
10.3.6.5.1 South Korea Engineering Resins Market by Type
10.3.6.5.2 South Korea Engineering Resins Market by Application
10.3.6.5.3 South Korea Engineering Resins Market by End Use Industry
10.3.6.6 Rest of Asia-Pacific Engineering Resins Market
10.3.6.6.1 Rest of Asia-Pacific Engineering Resins Market by Type
10.3.6.6.2 Rest of Asia-Pacific Engineering Resins Market by Application
10.3.6.6.3 Rest of Asia-Pacific Engineering Resins Market by End Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Engineering Resins Market Overview
10.4.2 Middle East and Africa Engineering Resins Market Forecasts and Analysis
10.4.3 Middle East and Africa Engineering Resins Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Engineering Resins Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Engineering Resins Market Forecasts and Analysis - By End Use Industry
10.4.6 Middle East and Africa Engineering Resins Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Engineering Resins Market
10.4.6.1.1 South Africa Engineering Resins Market by Type
10.4.6.1.2 South Africa Engineering Resins Market by Application
10.4.6.1.3 South Africa Engineering Resins Market by End Use Industry
10.4.6.2 Saudi Arabia Engineering Resins Market
10.4.6.2.1 Saudi Arabia Engineering Resins Market by Type
10.4.6.2.2 Saudi Arabia Engineering Resins Market by Application
10.4.6.2.3 Saudi Arabia Engineering Resins Market by End Use Industry
10.4.6.3 U.A.E Engineering Resins Market
10.4.6.3.1 U.A.E Engineering Resins Market by Type
10.4.6.3.2 U.A.E Engineering Resins Market by Application
10.4.6.3.3 U.A.E Engineering Resins Market by End Use Industry
10.4.6.4 Rest of Middle East and Africa Engineering Resins Market
10.4.6.4.1 Rest of Middle East and Africa Engineering Resins Market by Type
10.4.6.4.2 Rest of Middle East and Africa Engineering Resins Market by Application
10.4.6.4.3 Rest of Middle East and Africa Engineering Resins Market by End Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Engineering Resins Market Overview
10.5.2 South and Central America Engineering Resins Market Forecasts and Analysis
10.5.3 South and Central America Engineering Resins Market Forecasts and Analysis - By Type
10.5.4 South and Central America Engineering Resins Market Forecasts and Analysis - By Application
10.5.5 South and Central America Engineering Resins Market Forecasts and Analysis - By End Use Industry
10.5.6 South and Central America Engineering Resins Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Engineering Resins Market
10.5.6.1.1 Brazil Engineering Resins Market by Type
10.5.6.1.2 Brazil Engineering Resins Market by Application
10.5.6.1.3 Brazil Engineering Resins Market by End Use Industry
10.5.6.2 Argentina Engineering Resins Market
10.5.6.2.1 Argentina Engineering Resins Market by Type
10.5.6.2.2 Argentina Engineering Resins Market by Application
10.5.6.2.3 Argentina Engineering Resins Market by End Use Industry
10.5.6.3 Rest of South and Central America Engineering Resins Market
10.5.6.3.1 Rest of South and Central America Engineering Resins Market by Type
10.5.6.3.2 Rest of South and Central America Engineering Resins Market by Application
10.5.6.3.3 Rest of South and Central America Engineering Resins Market by End Use Industry
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. ENGINEERING RESINS 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. BASF S.E.
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. E.I. DUPONT DE NUMEOURS AND COMPANY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HONEYWELL INTERNATIONAL INC
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. INNOVATIVE 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. LG CHEMICALS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MITSUBISHI CHEMICAL CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. 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 SA
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. SUMITOMO CHEMICAL CO. LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ARKEMA GROUP
2. BASF S.E.
3. E.I. Dupont de Numeours and Company
4. Honeywell International Inc
5. Innovative Plastics
6. LG Chemicals
7. Mitsubishi Chemical Corporation
8. SABIC
9. Solvay SA
10. Sumitomo Chemical Co. Ltd.
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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