Extruded Plastics Market Developments by 2031
MARKET INTRODUCTION
Extruded plastics are plastics of different sizes and shapes that have undergone the extrusion process, through which they are forcibly pushed through a tool that gives them a shape and form. Extrusion is a high-volume production technique. Heat is used to melt the plastic material, which is then extruded through a die into the desired form. Within the barrel, a cylindrical spinning screw pushes molten plastic material through a die. The shape of the extruded material is determined by the cross-section of the die.
MARKET DYNAMICS
The increasing demand for extruded plastics products in the packaging industry is driving global market growth. Extruded plastics are extensively used in the packaging of food and drinks, household goods, and medical devices. They are used in packaging as covers, clamshells, cans, and bottles. The growing working population, high disposable income, and evolving lifestyle trends have resulted in increased demand for packaged food, boosting global demand for extruded plastics. Moreover, one of the major drivers of the global extruded plastics market is their use in building, specifically for cladding panels, wires, pipes, windows, and insulation materials. This is due to the lightweight, solid, and long-lasting nature of plastic products. Further, increasing investment in infrastructure growth across developed and developing regions is expected to increase the number of construction activities globally, driving demand for extruded plastics in the coming years.
MARKET SCOPE
The “Global Extruded Plastics Market Analysis to 2031 ” is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the extruded plastics market with detailed market segmentation by type, form, application and geography. The global extruded plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading extruded plastics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global extruded plastics market is segmented on the basis of type, form, and application. On the basis of type, the global extruded plastics market is segmented into LDPE, HDPE, polypropylene, polystyrene, and PVC. Based on form, the global extruded plastics market is segmented into films, pipes, sheets, tubes, and wires and cables. Based on application, the global extruded plastics market is segmented into packaging, building & construction, energy, automotive, electrical and electronics, medical, 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 extruded plastics 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 extruded plastics 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 extruded plastics 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 extruded plastics 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 extruded plastics 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 extruded plastics 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 extruded plastics 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 extruded plastics market in these regions.
MARKET PLAYERS
The reports cover key developments in the extruded plastics 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 extruded plastics market are anticipated to lucrative growth opportunities in the future with the rising demand for extruded plastics in the global market. Below mentioned is the list of few companies engaged in the extruded plastics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the extruded plastics 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.
- DuPont de Nemours Inc.
- Sigma Plastics Group
- Exxon Mobil Corporation
- Berry Global Inc.
- SABIC
- Chevron Phillips Chemical Company
- Saint-Gobain Performance Plastics
- JM EAGLE INC.
- Formosa Plastics Corporation
- Bemis Company Inc.
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.
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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
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 Extruded Plastics Market - By Type
1.3.2 Extruded Plastics Market - By Form
1.3.3 Extruded Plastics Market - By Application
1.3.4 Extruded Plastics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EXTRUDED 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. EXTRUDED 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 AND RESTRAINTS
6. EXTRUDED PLASTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. EXTRUDED PLASTICS - GLOBAL MARKET OVERVIEW
6.2. EXTRUDED PLASTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EXTRUDED PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LDPE
7.3.1. Overview
7.3.2. LDPE Market Forecast and Analysis
7.4. HDPE
7.4.1. Overview
7.4.2. HDPE Market Forecast and Analysis
7.5. POLYPROPYLENE
7.5.1. Overview
7.5.2. Polypropylene Market Forecast and Analysis
7.6. POLYSTYRENE
7.6.1. Overview
7.6.2. Polystyrene Market Forecast and Analysis
7.7. PVC
7.7.1. Overview
7.7.2. PVC Market Forecast and Analysis
8. EXTRUDED PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 – FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. FILMS
8.3.1. Overview
8.3.2. Films Market Forecast and Analysis
8.4. PIPES
8.4.1. Overview
8.4.2. Pipes Market Forecast and Analysis
8.5. SHEETS
8.5.1. Overview
8.5.2. Sheets Market Forecast and Analysis
8.6. TUBES
8.6.1. Overview
8.6.2. Tubes Market Forecast and Analysis
8.7. WIRES AND CABLES
8.7.1. Overview
8.7.2. Wires and Cables Market Forecast and Analysis
9. EXTRUDED PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PACKAGING
9.3.1. Overview
9.3.2. Packaging 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. ENERGY
9.5.1. Overview
9.5.2. Energy Market Forecast and Analysis
9.6. AUTOMOTIVE
9.6.1. Overview
9.6.2. Automotive Market Forecast and Analysis
9.7. ELECTRICAL AND ELECTRONICS
9.7.1. Overview
9.7.2. Electrical and Electronics Market Forecast and Analysis
9.8. MEDICAL
9.8.1. Overview
9.8.2. Medical Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. EXTRUDED PLASTICS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Extruded Plastics Market Overview
10.1.2 North America Extruded Plastics Market Forecasts and Analysis
10.1.3 North America Extruded Plastics Market Forecasts and Analysis - By Type
10.1.4 North America Extruded Plastics Market Forecasts and Analysis - By Form
10.1.5 North America Extruded Plastics Market Forecasts and Analysis - By Application
10.1.6 North America Extruded Plastics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Extruded Plastics Market
10.1.6.1.1 United States Extruded Plastics Market by Type
10.1.6.1.2 United States Extruded Plastics Market by Form
10.1.6.1.3 United States Extruded Plastics Market by Application
10.1.6.2 Canada Extruded Plastics Market
10.1.6.2.1 Canada Extruded Plastics Market by Type
10.1.6.2.2 Canada Extruded Plastics Market by Form
10.1.6.2.3 Canada Extruded Plastics Market by Application
10.1.6.3 Mexico Extruded Plastics Market
10.1.6.3.1 Mexico Extruded Plastics Market by Type
10.1.6.3.2 Mexico Extruded Plastics Market by Form
10.1.6.3.3 Mexico Extruded Plastics Market by Application
10.2. EUROPE
10.2.1 Europe Extruded Plastics Market Overview
10.2.2 Europe Extruded Plastics Market Forecasts and Analysis
10.2.3 Europe Extruded Plastics Market Forecasts and Analysis - By Type
10.2.4 Europe Extruded Plastics Market Forecasts and Analysis - By Form
10.2.5 Europe Extruded Plastics Market Forecasts and Analysis - By Application
10.2.6 Europe Extruded Plastics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Extruded Plastics Market
10.2.6.1.1 Germany Extruded Plastics Market by Type
10.2.6.1.2 Germany Extruded Plastics Market by Form
10.2.6.1.3 Germany Extruded Plastics Market by Application
10.2.6.2 France Extruded Plastics Market
10.2.6.2.1 France Extruded Plastics Market by Type
10.2.6.2.2 France Extruded Plastics Market by Form
10.2.6.2.3 France Extruded Plastics Market by Application
10.2.6.3 Italy Extruded Plastics Market
10.2.6.3.1 Italy Extruded Plastics Market by Type
10.2.6.3.2 Italy Extruded Plastics Market by Form
10.2.6.3.3 Italy Extruded Plastics Market by Application
10.2.6.4 United Kingdom Extruded Plastics Market
10.2.6.4.1 United Kingdom Extruded Plastics Market by Type
10.2.6.4.2 United Kingdom Extruded Plastics Market by Form
10.2.6.4.3 United Kingdom Extruded Plastics Market by Application
10.2.6.5 Russia Extruded Plastics Market
10.2.6.5.1 Russia Extruded Plastics Market by Type
10.2.6.5.2 Russia Extruded Plastics Market by Form
10.2.6.5.3 Russia Extruded Plastics Market by Application
10.2.6.6 Rest of Europe Extruded Plastics Market
10.2.6.6.1 Rest of Europe Extruded Plastics Market by Type
10.2.6.6.2 Rest of Europe Extruded Plastics Market by Form
10.2.6.6.3 Rest of Europe Extruded Plastics Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Extruded Plastics Market Overview
10.3.2 Asia-Pacific Extruded Plastics Market Forecasts and Analysis
10.3.3 Asia-Pacific Extruded Plastics Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Extruded Plastics Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Extruded Plastics Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Extruded Plastics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Extruded Plastics Market
10.3.6.1.1 Australia Extruded Plastics Market by Type
10.3.6.1.2 Australia Extruded Plastics Market by Form
10.3.6.1.3 Australia Extruded Plastics Market by Application
10.3.6.2 China Extruded Plastics Market
10.3.6.2.1 China Extruded Plastics Market by Type
10.3.6.2.2 China Extruded Plastics Market by Form
10.3.6.2.3 China Extruded Plastics Market by Application
10.3.6.3 India Extruded Plastics Market
10.3.6.3.1 India Extruded Plastics Market by Type
10.3.6.3.2 India Extruded Plastics Market by Form
10.3.6.3.3 India Extruded Plastics Market by Application
10.3.6.4 Japan Extruded Plastics Market
10.3.6.4.1 Japan Extruded Plastics Market by Type
10.3.6.4.2 Japan Extruded Plastics Market by Form
10.3.6.4.3 Japan Extruded Plastics Market by Application
10.3.6.5 South Korea Extruded Plastics Market
10.3.6.5.1 South Korea Extruded Plastics Market by Type
10.3.6.5.2 South Korea Extruded Plastics Market by Form
10.3.6.5.3 South Korea Extruded Plastics Market by Application
10.3.6.6 Rest of Asia-Pacific Extruded Plastics Market
10.3.6.6.1 Rest of Asia-Pacific Extruded Plastics Market by Type
10.3.6.6.2 Rest of Asia-Pacific Extruded Plastics Market by Form
10.3.6.6.3 Rest of Asia-Pacific Extruded Plastics Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Extruded Plastics Market Overview
10.4.2 Middle East and Africa Extruded Plastics Market Forecasts and Analysis
10.4.3 Middle East and Africa Extruded Plastics Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Extruded Plastics Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Extruded Plastics Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Extruded Plastics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Extruded Plastics Market
10.4.6.1.1 South Africa Extruded Plastics Market by Type
10.4.6.1.2 South Africa Extruded Plastics Market by Form
10.4.6.1.3 South Africa Extruded Plastics Market by Application
10.4.6.2 Saudi Arabia Extruded Plastics Market
10.4.6.2.1 Saudi Arabia Extruded Plastics Market by Type
10.4.6.2.2 Saudi Arabia Extruded Plastics Market by Form
10.4.6.2.3 Saudi Arabia Extruded Plastics Market by Application
10.4.6.3 U.A.E Extruded Plastics Market
10.4.6.3.1 U.A.E Extruded Plastics Market by Type
10.4.6.3.2 U.A.E Extruded Plastics Market by Form
10.4.6.3.3 U.A.E Extruded Plastics Market by Application
10.4.6.4 Rest of Middle East and Africa Extruded Plastics Market
10.4.6.4.1 Rest of Middle East and Africa Extruded Plastics Market by Type
10.4.6.4.2 Rest of Middle East and Africa Extruded Plastics Market by Form
10.4.6.4.3 Rest of Middle East and Africa Extruded Plastics Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Extruded Plastics Market Overview
10.5.2 South and Central America Extruded Plastics Market Forecasts and Analysis
10.5.3 South and Central America Extruded Plastics Market Forecasts and Analysis - By Type
10.5.4 South and Central America Extruded Plastics Market Forecasts and Analysis - By Form
10.5.5 South and Central America Extruded Plastics Market Forecasts and Analysis - By Application
10.5.6 South and Central America Extruded Plastics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Extruded Plastics Market
10.5.6.1.1 Brazil Extruded Plastics Market by Type
10.5.6.1.2 Brazil Extruded Plastics Market by Form
10.5.6.1.3 Brazil Extruded Plastics Market by Application
10.5.6.2 Argentina Extruded Plastics Market
10.5.6.2.1 Argentina Extruded Plastics Market by Type
10.5.6.2.2 Argentina Extruded Plastics Market by Form
10.5.6.2.3 Argentina Extruded Plastics Market by Application
10.5.6.3 Rest of South and Central America Extruded Plastics Market
10.5.6.3.1 Rest of South and Central America Extruded Plastics Market by Type
10.5.6.3.2 Rest of South and Central America Extruded Plastics Market by Form
10.5.6.3.3 Rest of South and Central America Extruded Plastics Market by Application
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL EXTRUDED PLASTICS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. EXTRUDED PLASTICS MARKET, KEY COMPANY PROFILES
13.1. BEMIS COMPANY INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BERRY GLOBAL INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CHEVRON PHILLIPS CHEMICAL COMPANY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DUPONT DE NEMOURS INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EXXON MOBIL CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. FORMOSA PLASTICS CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. JM EAGLE INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SABIC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SAINT-GOBAIN PERFORMANCE PLASTICS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SIGMA PLASTICS GROUP
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of companies
- DuPont de Nemours Inc.
- Sigma Plastics Group
- Exxon Mobil Corporation
- Berry Global Inc.
- SABIC
- Chevron Phillips Chemical Company
- Saint-Gobain Performance Plastics
- JM EAGLE INC.
- Formosa Plastics Corporation
- Bemis Company Inc.
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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