Extrusion Coating Market Scope and Size by 2031
MARKET OVERVIEW
The extrusion coating market is the application of a layer of polymer or other material on a substrate like a film, foil, or paper using an extrusion process. It is widely used across consumer goods, automotive, construction, and packaging industries. One of the trends in the market is the growing utilization of multilayer extrusion coating, which enables the creation of complex structures with improved properties like barrier properties and enhanced mechanical strength.
MARKET DYNAMICS
The extrusion coating market is anticipated to grow in the forecast period owing to driving factors such as increasing applications of extrusion coating in various industries coupled with high demands for extrusion coating in emerging economies. Furthermore, growing demands from food and beverages industry and steady growth of the packaging industry are other factors driving the market growth. However, high cost over other coatings and environmental concerns associated with it may hamper the growth of the extrusion coating market. Nonetheless, introduction of bio-based polymers as raw materials offers lucrative opportunities for the extrusion coating market during the forecast period.
MARKET SCOPE
The "Global Extrusion Coating 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 extrusion coating market with detailed market segmentation by material, substrate, application, and geography. The global extrusion coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading extrusion coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global extrusion coating market is segmented on the basis of material, substrate, and application. Based on material, the market is segmented as polyethylene, ethylene vinyl acetate (EVA), ethylene butyl acrylate (EBA), polypropylene, polyethylene terephthalate, and others. On the basis of the substrate, the market is segmented as paperboard & cardboard, polymer films, metal foils, and others. The market, on the basis of the application, is classified as liquid packaging, flexible packaging, medical packaging, personal care & cosmetic packaging, photographic film, industrial packaging & wrapping, 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 extrusion coating 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 & Central America. The extrusion coating 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 extrusion coating 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 & Central America after evaluating political, economic, social and technological factors affecting the extrusion coating market in these regions.
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MARKET PLAYERS
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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 extrusion coating 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 & Central America. The extrusion coating 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 extrusion coating 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 & Central America after evaluating political, economic, social and technological factors affecting the extrusion coating market in these regions.
MARKET PLAYERS
The reports cover key developments in the extrusion coating 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 the way for the expansion of business and customer base of market players. The market payers from extrusion coating market are anticipated to lucrative growth opportunities in the future with the rising demand for extrusion coating in the global market. Below mentioned is the list of few companies engaged in the extrusion coating market.
The report also includes the profiles of key extrusion coating companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Akzo Nobel N.V.
- Borealis AG
- Celanese Corporation
- Chevron Phillips Chemical Company
- Davis-Standard, LLC
- Exxon Mobil Corporation
- Hans Lautrup Chemicals A/S
- LyondellBasell Industries Holdings B.V.
- Qenos
- SABIC
- 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.
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 Extrusion Coating Market - By Material
1.3.2 Extrusion Coating Market - By Substrate
1.3.3 Extrusion Coating Market - By Application
1.3.4 Extrusion Coating Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. EXTRUSION COATING 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. EXTRUSION COATING 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. EXTRUSION COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. EXTRUSION COATING - GLOBAL MARKET OVERVIEW
6.2. EXTRUSION COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EXTRUSION COATING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYETHYLENE
7.3.1. Overview
7.3.2. Polyethylene Market Forecast and Analysis
7.4. ETHYLENE VINYL ACETATE (EVA)
7.4.1. Overview
7.4.2. Ethylene Vinyl Acetate (EVA) Market Forecast and Analysis
7.5. ETHYLENE BUTYL ACRYLATE (EBA)
7.5.1. Overview
7.5.2. Ethylene Butyl Acrylate (EBA) Market Forecast and Analysis
7.6. POLYPROPYLENE
7.6.1. Overview
7.6.2. Polypropylene Market Forecast and Analysis
7.7. POLYETHYLENE TEREPHTHALATE
7.7.1. Overview
7.7.2. Polyethylene Terephthalate Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. EXTRUSION COATING MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
8.1. OVERVIEW
8.2. SUBSTRATE MARKET FORECASTS AND ANALYSIS
8.3. PAPERBOARD AND CARDBOARD
8.3.1. Overview
8.3.2. Paperboard and Cardboard Market Forecast and Analysis
8.4. POLYMER FILMS
8.4.1. Overview
8.4.2. Polymer Films Market Forecast and Analysis
8.5. METAL FOILS
8.5.1. Overview
8.5.2. Metal Foils Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. EXTRUSION COATING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. LIQUID PACKAGING
9.3.1. Overview
9.3.2. Liquid Packaging Market Forecast and Analysis
9.4. FLEXIBLE PACKAGING
9.4.1. Overview
9.4.2. Flexible Packaging Market Forecast and Analysis
9.5. MEDICAL PACKAGING
9.5.1. Overview
9.5.2. Medical Packaging Market Forecast and Analysis
9.6. PERSONAL CARE AND COSMETIC PACKAGING
9.6.1. Overview
9.6.2. Personal Care and Cosmetic Packaging Market Forecast and Analysis
9.7. PHOTOGRAPHIC FILM
9.7.1. Overview
9.7.2. Photographic Film Market Forecast and Analysis
9.8. INDUSTRIAL PACKAGING AND WRAPPING
9.8.1. Overview
9.8.2. Industrial packaging and Wrapping Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. EXTRUSION COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Extrusion Coating Market Overview
10.1.2 North America Extrusion Coating Market Forecasts and Analysis
10.1.3 North America Extrusion Coating Market Forecasts and Analysis - By Material
10.1.4 North America Extrusion Coating Market Forecasts and Analysis - By Substrate
10.1.5 North America Extrusion Coating Market Forecasts and Analysis - By Application
10.1.6 North America Extrusion Coating Market Forecasts and Analysis - By Countries
10.1.6.1 United States Extrusion Coating Market
10.1.6.1.1 United States Extrusion Coating Market by Material
10.1.6.1.2 United States Extrusion Coating Market by Substrate
10.1.6.1.3 United States Extrusion Coating Market by Application
10.1.6.2 Canada Extrusion Coating Market
10.1.6.2.1 Canada Extrusion Coating Market by Material
10.1.6.2.2 Canada Extrusion Coating Market by Substrate
10.1.6.2.3 Canada Extrusion Coating Market by Application
10.1.6.3 Mexico Extrusion Coating Market
10.1.6.3.1 Mexico Extrusion Coating Market by Material
10.1.6.3.2 Mexico Extrusion Coating Market by Substrate
10.1.6.3.3 Mexico Extrusion Coating Market by Application
10.2. EUROPE
10.2.1 Europe Extrusion Coating Market Overview
10.2.2 Europe Extrusion Coating Market Forecasts and Analysis
10.2.3 Europe Extrusion Coating Market Forecasts and Analysis - By Material
10.2.4 Europe Extrusion Coating Market Forecasts and Analysis - By Substrate
10.2.5 Europe Extrusion Coating Market Forecasts and Analysis - By Application
10.2.6 Europe Extrusion Coating Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Extrusion Coating Market
10.2.6.1.1 Germany Extrusion Coating Market by Material
10.2.6.1.2 Germany Extrusion Coating Market by Substrate
10.2.6.1.3 Germany Extrusion Coating Market by Application
10.2.6.2 France Extrusion Coating Market
10.2.6.2.1 France Extrusion Coating Market by Material
10.2.6.2.2 France Extrusion Coating Market by Substrate
10.2.6.2.3 France Extrusion Coating Market by Application
10.2.6.3 Italy Extrusion Coating Market
10.2.6.3.1 Italy Extrusion Coating Market by Material
10.2.6.3.2 Italy Extrusion Coating Market by Substrate
10.2.6.3.3 Italy Extrusion Coating Market by Application
10.2.6.4 United Kingdom Extrusion Coating Market
10.2.6.4.1 United Kingdom Extrusion Coating Market by Material
10.2.6.4.2 United Kingdom Extrusion Coating Market by Substrate
10.2.6.4.3 United Kingdom Extrusion Coating Market by Application
10.2.6.5 Russia Extrusion Coating Market
10.2.6.5.1 Russia Extrusion Coating Market by Material
10.2.6.5.2 Russia Extrusion Coating Market by Substrate
10.2.6.5.3 Russia Extrusion Coating Market by Application
10.2.6.6 Rest of Europe Extrusion Coating Market
10.2.6.6.1 Rest of Europe Extrusion Coating Market by Material
10.2.6.6.2 Rest of Europe Extrusion Coating Market by Substrate
10.2.6.6.3 Rest of Europe Extrusion Coating Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Extrusion Coating Market Overview
10.3.2 Asia-Pacific Extrusion Coating Market Forecasts and Analysis
10.3.3 Asia-Pacific Extrusion Coating Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Extrusion Coating Market Forecasts and Analysis - By Substrate
10.3.5 Asia-Pacific Extrusion Coating Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Extrusion Coating Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Extrusion Coating Market
10.3.6.1.1 Australia Extrusion Coating Market by Material
10.3.6.1.2 Australia Extrusion Coating Market by Substrate
10.3.6.1.3 Australia Extrusion Coating Market by Application
10.3.6.2 China Extrusion Coating Market
10.3.6.2.1 China Extrusion Coating Market by Material
10.3.6.2.2 China Extrusion Coating Market by Substrate
10.3.6.2.3 China Extrusion Coating Market by Application
10.3.6.3 India Extrusion Coating Market
10.3.6.3.1 India Extrusion Coating Market by Material
10.3.6.3.2 India Extrusion Coating Market by Substrate
10.3.6.3.3 India Extrusion Coating Market by Application
10.3.6.4 Japan Extrusion Coating Market
10.3.6.4.1 Japan Extrusion Coating Market by Material
10.3.6.4.2 Japan Extrusion Coating Market by Substrate
10.3.6.4.3 Japan Extrusion Coating Market by Application
10.3.6.5 South Korea Extrusion Coating Market
10.3.6.5.1 South Korea Extrusion Coating Market by Material
10.3.6.5.2 South Korea Extrusion Coating Market by Substrate
10.3.6.5.3 South Korea Extrusion Coating Market by Application
10.3.6.6 Rest of Asia-Pacific Extrusion Coating Market
10.3.6.6.1 Rest of Asia-Pacific Extrusion Coating Market by Material
10.3.6.6.2 Rest of Asia-Pacific Extrusion Coating Market by Substrate
10.3.6.6.3 Rest of Asia-Pacific Extrusion Coating Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Extrusion Coating Market Overview
10.4.2 Middle East and Africa Extrusion Coating Market Forecasts and Analysis
10.4.3 Middle East and Africa Extrusion Coating Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Extrusion Coating Market Forecasts and Analysis - By Substrate
10.4.5 Middle East and Africa Extrusion Coating Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Extrusion Coating Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Extrusion Coating Market
10.4.6.1.1 South Africa Extrusion Coating Market by Material
10.4.6.1.2 South Africa Extrusion Coating Market by Substrate
10.4.6.1.3 South Africa Extrusion Coating Market by Application
10.4.6.2 Saudi Arabia Extrusion Coating Market
10.4.6.2.1 Saudi Arabia Extrusion Coating Market by Material
10.4.6.2.2 Saudi Arabia Extrusion Coating Market by Substrate
10.4.6.2.3 Saudi Arabia Extrusion Coating Market by Application
10.4.6.3 U.A.E Extrusion Coating Market
10.4.6.3.1 U.A.E Extrusion Coating Market by Material
10.4.6.3.2 U.A.E Extrusion Coating Market by Substrate
10.4.6.3.3 U.A.E Extrusion Coating Market by Application
10.4.6.4 Rest of Middle East and Africa Extrusion Coating Market
10.4.6.4.1 Rest of Middle East and Africa Extrusion Coating Market by Material
10.4.6.4.2 Rest of Middle East and Africa Extrusion Coating Market by Substrate
10.4.6.4.3 Rest of Middle East and Africa Extrusion Coating Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Extrusion Coating Market Overview
10.5.2 South and Central America Extrusion Coating Market Forecasts and Analysis
10.5.3 South and Central America Extrusion Coating Market Forecasts and Analysis - By Material
10.5.4 South and Central America Extrusion Coating Market Forecasts and Analysis - By Substrate
10.5.5 South and Central America Extrusion Coating Market Forecasts and Analysis - By Application
10.5.6 South and Central America Extrusion Coating Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Extrusion Coating Market
10.5.6.1.1 Brazil Extrusion Coating Market by Material
10.5.6.1.2 Brazil Extrusion Coating Market by Substrate
10.5.6.1.3 Brazil Extrusion Coating Market by Application
10.5.6.2 Argentina Extrusion Coating Market
10.5.6.2.1 Argentina Extrusion Coating Market by Material
10.5.6.2.2 Argentina Extrusion Coating Market by Substrate
10.5.6.2.3 Argentina Extrusion Coating Market by Application
10.5.6.3 Rest of South and Central America Extrusion Coating Market
10.5.6.3.1 Rest of South and Central America Extrusion Coating Market by Material
10.5.6.3.2 Rest of South and Central America Extrusion Coating Market by Substrate
10.5.6.3.3 Rest of South and Central America Extrusion Coating Market by Application
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. EXTRUSION COATING MARKET, KEY COMPANY PROFILES
12.1. AKZO NOBEL N.V.
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. BOREALIS AG
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. CELANESE CORPORATION
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. CHEVRON PHILLIPS CHEMICAL COMPANY
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. DAVIS-STANDARD, LLC
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. EXXON MOBIL CORPORATION
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. HANS LAUTRUP CHEMICALS A/S
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
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. QENOS
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. SABIC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Akzo Nobel N.V.
- Borealis AG
- Celanese Corporation
- Chevron Phillips Chemical Company
- Davis-Standard, LLC
- Exxon Mobil Corporation
- Hans Lautrup Chemicals A/S
- LyondellBasell Industries Holdings B.V.
- Qenos
- SABIC
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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