Extruded Polystyrene Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Extruded Polystyrene Market covers analysis by Application (Foundation, Roof, Wall, Floor and Ceiling, Others); End Use (Residential, Commercial, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00008118
  • Category : Chemicals and Materials
  • No. of Pages : 150
Buy Now

Extruded Polystyrene Market Dynamics 2021-2031

Buy Now

The Extruded Polystyrene Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

Extruded Polystyrene Market covers analysis by Application (Foundation, Roof, Wall, Floor and Ceiling, Others); End Use (Residential, Commercial, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Extruded polystyrene is also a thermoplastic polymer made from polystyrene. Extruded polystyrene has a closed cell structure and offers higher mechanical performance. Extruded polystyrene is more expensive as compared to expanded polystyrene (EPS). Extruded polystyrene has a wide variety of applications and it can be used for the insulation of buildings, roofs and concrete floors.

Purpose of the Report

The report Extruded Polystyrene 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.

Extruded Polystyrene Market Segmentation

Application
  • Foundation
  • Roof
  • Wall
  • Floor and Ceiling
End Use
  • Residential
  • Commercial

Strategic Insights

Extruded Polystyrene Market Growth Drivers
  • Growth in Construction and Building Industry: The demand for extruded polystyrene (XPS) is significantly driven by the construction industry, particularly for insulation materials. XPS provides excellent thermal insulation properties, moisture resistance, and compressive strength, making it ideal for use in both residential and commercial buildings. As energy efficiency becomes a key focus in construction, the demand for XPS in walls, roofs, and floors is increasing, propelling market growth.
  • Rising Demand for Energy-efficient Building Materials: The growing emphasis on reducing energy consumption and enhancing thermal insulation in buildings is fueling the demand for extruded polystyrene. XPS is highly effective in improving energy efficiency, as it minimizes heat loss in buildings. With the increasing adoption of green building practices and energy-efficient standards worldwide, XPS is gaining popularity as a sustainable insulation material.
  • Demand from Packaging Industry: XPS is widely used in packaging applications, particularly in the form of rigid foam boards. Its lightweight, protective, and moisture-resistant properties make it suitable for packaging fragile goods, electronics, and food products. As the global packaging industry continues to expand, the demand for extruded polystyrene for protective packaging applications is also growing.
Extruded Polystyrene Market Future Trends
  • Growing Focus on Sustainability: The trend towards sustainable construction and energy-efficient solutions is driving the demand for extruded polystyrene, as it is a key material in reducing energy consumption. Additionally, manufacturers are exploring more eco-friendly production methods and recycling options to enhance the sustainability of XPS products. This trend is encouraging the adoption of environmentally friendly XPS alternatives with reduced environmental impact.
  • Technological Advancements in XPS Production: Innovations in the extrusion process and the development of new XPS formulations are making the material more cost-effective, durable, and energy-efficient. These advancements are improving XPS's performance in terms of thermal insulation, moisture resistance, and fire retardance. Such technological progress is expanding the range of applications for XPS in various industries, including construction, automotive, and packaging.
  • Increasing Adoption in Green Building Projects: The use of extruded polystyrene in green building projects is on the rise, driven by its energy-saving potential and durability. As more developers and builders focus on sustainable construction practices, the demand for XPS as an insulation material is increasing. With its long lifespan and ability to contribute to energy efficiency, XPS is being incorporated into many eco-friendly building designs and projects.
Extruded Polystyrene Market Opportunities
  • Opportunities in the Emerging Construction Markets: The construction boom in emerging economies presents significant growth opportunities for the extruded polystyrene market. As infrastructure development and residential construction increase in regions like Asia-Pacific, Latin America, and the Middle East, the demand for XPS as a cost-effective and efficient insulation material is expected to rise. This growth in construction projects offers substantial opportunities for XPS manufacturers.
  • Opportunities in the Cold Chain Packaging Industry: The growing demand for cold chain logistics, especially in the pharmaceutical, food, and beverage industries, is opening new opportunities for XPS. XPS's ability to provide superior insulation and temperature control makes it ideal for use in temperature-sensitive product packaging. As global trade and demand for temperature-sensitive goods increase, the need for XPS in packaging applications is expected to grow.
  • Opportunities in the Renewable Energy Sector: The renewable energy sector, particularly in solar power and energy storage systems, offers significant opportunities for XPS. Its insulating properties are beneficial in energy-efficient systems and components used in solar panels, wind turbines, and energy storage units. As the demand for renewable energy solutions continues to rise, the need for high-performance insulating materials like XPS will also grow.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Extruded Polystyrene 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 Extruded Polystyrene 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.


RD Image
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
REGIONAL FRAMEWORK
World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Based on geography, which region is expected to record a highest CAGR in the market.

The Asia Pacific market is expected to account for the highest CAGR during the forecast period owing to growing construction industry in the region.

Which end use segment accounted for the highest share in the extruded polystyrene market?

The residential end use segment accounted for the highest market share in 2023.

What are the driving factors impacting the extruded polystyrene market?

Increasing energy costs is a key driver in the market.

What are the key players operating in the extruded polystyrene market?

BASF SE, Synthos, Kingspan Group, DuPont de Nemours, Inc, Owens Corning, Saint-Gobain, Ravago Greece Grou, Versalis S.p.A, Knauf Insulation, and Technonicol Corporation are some of the key players in the market.

What is the expected CAGR of the Extruded Polystyrene Market ?

The Extruded Polystyrene Market is estimated to witness a CAGR of 6% from 2023 to 2031

What are the future trends in the market?

Oncreased awareness of energy efficiency is an emerging trend in the market.

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 Extruded Polystyrene Market - By Application
1.3.2 Extruded Polystyrene Market - By End Use
1.3.3 Extruded Polystyrene Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. EXTRUDED POLYSTYRENE 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 POLYSTYRENE 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. EXTRUDED POLYSTYRENE MARKET - GLOBAL MARKET ANALYSIS
6.1. EXTRUDED POLYSTYRENE - GLOBAL MARKET OVERVIEW
6.2. EXTRUDED POLYSTYRENE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. EXTRUDED POLYSTYRENE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. FOUNDATION
7.3.1. Overview
7.3.2. Foundation Market Forecast and Analysis
7.4. ROOF
7.4.1. Overview
7.4.2. Roof Market Forecast and Analysis
7.5. WALL
7.5.1. Overview
7.5.2. Wall Market Forecast and Analysis
7.6. FLOOR AND CEILING
7.6.1. Overview
7.6.2. Floor and Ceiling Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis

8. EXTRUDED POLYSTYRENE MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis

9. EXTRUDED POLYSTYRENE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Extruded Polystyrene Market Overview
9.1.2 North America Extruded Polystyrene Market Forecasts and Analysis
9.1.3 North America Extruded Polystyrene Market Forecasts and Analysis - By Application
9.1.4 North America Extruded Polystyrene Market Forecasts and Analysis - By End Use
9.1.5 North America Extruded Polystyrene Market Forecasts and Analysis - By Countries
9.1.5.1 United States Extruded Polystyrene Market
9.1.5.1.1 United States Extruded Polystyrene Market by Application
9.1.5.1.2 United States Extruded Polystyrene Market by End Use
9.1.5.2 Canada Extruded Polystyrene Market
9.1.5.2.1 Canada Extruded Polystyrene Market by Application
9.1.5.2.2 Canada Extruded Polystyrene Market by End Use
9.1.5.3 Mexico Extruded Polystyrene Market
9.1.5.3.1 Mexico Extruded Polystyrene Market by Application
9.1.5.3.2 Mexico Extruded Polystyrene Market by End Use
9.2. EUROPE
9.2.1 Europe Extruded Polystyrene Market Overview
9.2.2 Europe Extruded Polystyrene Market Forecasts and Analysis
9.2.3 Europe Extruded Polystyrene Market Forecasts and Analysis - By Application
9.2.4 Europe Extruded Polystyrene Market Forecasts and Analysis - By End Use
9.2.5 Europe Extruded Polystyrene Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Extruded Polystyrene Market
9.2.5.1.1 Germany Extruded Polystyrene Market by Application
9.2.5.1.2 Germany Extruded Polystyrene Market by End Use
9.2.5.2 France Extruded Polystyrene Market
9.2.5.2.1 France Extruded Polystyrene Market by Application
9.2.5.2.2 France Extruded Polystyrene Market by End Use
9.2.5.3 Italy Extruded Polystyrene Market
9.2.5.3.1 Italy Extruded Polystyrene Market by Application
9.2.5.3.2 Italy Extruded Polystyrene Market by End Use
9.2.5.4 United Kingdom Extruded Polystyrene Market
9.2.5.4.1 United Kingdom Extruded Polystyrene Market by Application
9.2.5.4.2 United Kingdom Extruded Polystyrene Market by End Use
9.2.5.5 Russia Extruded Polystyrene Market
9.2.5.5.1 Russia Extruded Polystyrene Market by Application
9.2.5.5.2 Russia Extruded Polystyrene Market by End Use
9.2.5.6 Rest of Europe Extruded Polystyrene Market
9.2.5.6.1 Rest of Europe Extruded Polystyrene Market by Application
9.2.5.6.2 Rest of Europe Extruded Polystyrene Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Extruded Polystyrene Market Overview
9.3.2 Asia-Pacific Extruded Polystyrene Market Forecasts and Analysis
9.3.3 Asia-Pacific Extruded Polystyrene Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Extruded Polystyrene Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Extruded Polystyrene Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Extruded Polystyrene Market
9.3.5.1.1 Australia Extruded Polystyrene Market by Application
9.3.5.1.2 Australia Extruded Polystyrene Market by End Use
9.3.5.2 China Extruded Polystyrene Market
9.3.5.2.1 China Extruded Polystyrene Market by Application
9.3.5.2.2 China Extruded Polystyrene Market by End Use
9.3.5.3 India Extruded Polystyrene Market
9.3.5.3.1 India Extruded Polystyrene Market by Application
9.3.5.3.2 India Extruded Polystyrene Market by End Use
9.3.5.4 Japan Extruded Polystyrene Market
9.3.5.4.1 Japan Extruded Polystyrene Market by Application
9.3.5.4.2 Japan Extruded Polystyrene Market by End Use
9.3.5.5 South Korea Extruded Polystyrene Market
9.3.5.5.1 South Korea Extruded Polystyrene Market by Application
9.3.5.5.2 South Korea Extruded Polystyrene Market by End Use
9.3.5.6 Rest of Asia-Pacific Extruded Polystyrene Market
9.3.5.6.1 Rest of Asia-Pacific Extruded Polystyrene Market by Application
9.3.5.6.2 Rest of Asia-Pacific Extruded Polystyrene Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Extruded Polystyrene Market Overview
9.4.2 Middle East and Africa Extruded Polystyrene Market Forecasts and Analysis
9.4.3 Middle East and Africa Extruded Polystyrene Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Extruded Polystyrene Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Extruded Polystyrene Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Extruded Polystyrene Market
9.4.5.1.1 South Africa Extruded Polystyrene Market by Application
9.4.5.1.2 South Africa Extruded Polystyrene Market by End Use
9.4.5.2 Saudi Arabia Extruded Polystyrene Market
9.4.5.2.1 Saudi Arabia Extruded Polystyrene Market by Application
9.4.5.2.2 Saudi Arabia Extruded Polystyrene Market by End Use
9.4.5.3 U.A.E Extruded Polystyrene Market
9.4.5.3.1 U.A.E Extruded Polystyrene Market by Application
9.4.5.3.2 U.A.E Extruded Polystyrene Market by End Use
9.4.5.4 Rest of Middle East and Africa Extruded Polystyrene Market
9.4.5.4.1 Rest of Middle East and Africa Extruded Polystyrene Market by Application
9.4.5.4.2 Rest of Middle East and Africa Extruded Polystyrene Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Extruded Polystyrene Market Overview
9.5.2 South and Central America Extruded Polystyrene Market Forecasts and Analysis
9.5.3 South and Central America Extruded Polystyrene Market Forecasts and Analysis - By Application
9.5.4 South and Central America Extruded Polystyrene Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Extruded Polystyrene Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Extruded Polystyrene Market
9.5.5.1.1 Brazil Extruded Polystyrene Market by Application
9.5.5.1.2 Brazil Extruded Polystyrene Market by End Use
9.5.5.2 Argentina Extruded Polystyrene Market
9.5.5.2.1 Argentina Extruded Polystyrene Market by Application
9.5.5.2.2 Argentina Extruded Polystyrene Market by End Use
9.5.5.3 Rest of South and Central America Extruded Polystyrene Market
9.5.5.3.1 Rest of South and Central America Extruded Polystyrene Market by Application
9.5.5.3.2 Rest of South and Central America Extruded Polystyrene 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. EXTRUDED POLYSTYRENE MARKET, KEY COMPANY PROFILES
11.1. BASF SE
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. SYNTHOS
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. KINGSPAN GROUP
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. DUPONT DE NEMOURS, 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. OWENS CORNING
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. SAINT-GOBAIN
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. RAVAGO GREECE GROU
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. VERSALIS S.P.A.
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. KNAUF INSULATION
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. TECHNONICOL CORPORATION
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

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. BASF SE
2. Synthos
3. Kingspan Group
4. DuPont de Nemours, Inc.
5. Owens Corning
6. Saint-Gobain
7. Ravago Greece Grou
8. Versalis S.p.A.
9. Knauf Insulation
10. Technonicol Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Chemicals and Materials : READ MORE..