Geosynthetics Market Growth Report 2021 to 2031
The Geosynthetics Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The geosynthetics market report is segmented by type (geogrids, geotextiles, geopipes, geofoam, geocomposites, geomembranes, geosynthetic clay liners, and others). The market is segmented based on the material (high density polyethylene, low density polyethylene, polypropylene, polyester, and others). The market is segmented based on the function (stabilization, reinforcement, drainage, filtration, erosion control, and others). The market is segmented based on end-use (roads, railways, retaining structures, waterworks and waste treatments, landfill and erosion control, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Geosynthetics 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.
Geosynthetics Market Segmentation
Type- Geogrids
- Geotextiles
- Geopipes
- Geofoam
- Geocomposites
- Geomembranes
- Geosynthetic Clay Liners
- High Density Polyethylene
- Low Density Polyethylene
- Polypropylene
- Polyester
Strategic Insights
Geosynthetics Market Growth Drivers- Global Infrastructure Expansion: The primary factor fuelling the growth of the geosynthetics market is the ongoing global infrastructure expansion. National and state governments, as well as private sector players, are spending resources on building new transportation networks, cities, water service systems, and so on. Geosynthetics such as geotextiles, geomembranes, geogrids, and many others are utilized to improve soil conditions for infrastructure by providing stabilization, drainage systems, and erosion control, thereby extending the lifespan and durability of the structure. The demand for geocomposites will rise still more as countries strive towards the improvement of their existing infrastructures.
- Growing Environmental Concerns: There is a growing concern for the environment and the implementation of green solutions in all sectors of the economy, especially construction. This is where the importance of geosynthetics comes into play, for instance, in green ways of erosion and landfill liner systems. They serve their purpose and help towards achieving the global aspiration of reduced negative environmental effects. Stormwater management and, sediment controls, soil amendments are some of the examples of their products. This generates a need for advanced geosynthetic products that use geosynthetic materials rather than traditional materials that pose a danger to the environment.
- Mining and Waste Management Sectors: Both mining and waste management sectors consume a considerable number of geosynthetics. Geo-synthetics such as geomembranes and geotextiles are used in almost all aspects of waste management, including leachate containment systems, landfill cover systems, slope stability in geotextiles, and tailing dams in mining industries. With the growth of these industries and the foundation of excessive environmental policies, the demand for sustainable and effective geosynthetic applications will rise even further.
- Advancements in Smart Geosynthetics with Real-Time Monitoring Capabilities: Newer developments in materials science are ushering in a new generation of geosynthetic materials with superior characteristics. The advent of smart geosynthetics that have sensors and monitoring systems fitted in them has made it possible to gather information on the condition of the soil and environment in real-time. There is a clear tendency for these smart materials to perform better with geosynthetics, which will hence increase their use in different areas.
- Rise in Demand for Biodegradable Geosynthetics Aligned with Sustainability Trends: The increasing concern for environmental protection has led to an inclination towards biodegradable geosynthetics. Companies are looking for some natural fiber-cum-biodegradable polymer alternatives to efficiently control soil erosion and encourage vegetation growth without generating waste over time. This emphasis on natural materials is in accordance with sustainability strategies being adopted by industries and is believed will also attract the attention of green consumers and businesses.
- Stricter Environmental Regulations: Due to the implementation of stricter environmental regulations across countries, the introduction of new standards and compliance criteria will impact the demand for geosynthetics. This will incur material testing and durability rating of geosynthetics encouraging invention and better products from the manufacturers. New compliance requirements will also present new business development avenues to businesses that will be in a position to meet the standards and prove sustainability.
- Growth Opportunities in Emerging Markets: Newer markets, especially those in the Asia-Pacific region or Africa are growing prospects for the geosynthetics market. Improving urbanization and increasing construction projects have increased the need for geosynthetic-related products. These emerging markets can be conquered by the companies through the provision of specific products that adhere to the local culture and statutory regulations.
- Expansion of Geosynthetic Applications: Geosynthetics are made in such a way that their application is not restricted to conventional means. There are chances in some industries, for example, agriculture to improve the use of geosynthetics through uses such as soil stabilization and water management. New types of industries and new types of applications will also assist the manufacturers in taking up more portions of the market and help spur growth.
- Strategic Alliances for Innovation and Sustainability in Geosynthetic Materials: It is possible to forge strategic alliances with research and engineering companies as well as environmental groups, which can help to promote innovation and growth of the market. These activities can result not only in new geosynthetic materials and their areas of application but also in enhanced knowledge of sustainability management practices. That will lead to better offerings in the market as well as better market urges management.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Geosynthetics 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 Geosynthetics 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Geosynthetics Market is estimated to witness a CAGR of 6% from 2023 to 2031
Rapid infrastructure development is driving the market growth.
Tensar International Corporation, ATARFIL SL, Minerals Technologies Inc., Taian Huasu Engineering Materials Co., Ltd., Ginegar Plastic Products Ltd., Geoser Geosentetik A.?., LUDWIG Kunststoffgroßhandel oHG, Groupe Solmax Inc., TENAX SPA, and Fibertex Nonwovens A/S are the key players operating in the geosynthetics market.
Based on end use, the roads segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the geosynthetics market due to its growing construction industry.
The growing demand for biodegradable geosynthetics is expected to be the key market trends.
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 Geosynthetics Market - By Material
1.3.2 Geosynthetics Market - By Type
1.3.3 Geosynthetics Market - By Function
1.3.4 Geosynthetics Market - By Application
1.3.5 Geosynthetics Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. GEOSYNTHETICS 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. GEOSYNTHETICS 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. GEOSYNTHETICS MARKET - GLOBAL MARKET ANALYSIS
6.1. GEOSYNTHETICS - GLOBAL MARKET OVERVIEW
6.2. GEOSYNTHETICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GEOSYNTHETICS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYPROPYLENE
7.3.1. Overview
7.3.2. Polypropylene Market Forecast and Analysis
7.4. POLYETHYLENE
7.4.1. Overview
7.4.2. Polyethylene Market Forecast and Analysis
7.5. POLYESTER
7.5.1. Overview
7.5.2. Polyester Market Forecast and Analysis
7.6. PVC
7.6.1. Overview
7.6.2. PVC Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. GEOSYNTHETICS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. GEOTEXTILE
8.3.1. Overview
8.3.2. Geotextile Market Forecast and Analysis
8.4. GEO-MEMBRANE
8.4.1. Overview
8.4.2. Geo-membrane Market Forecast and Analysis
8.5. GEO-COMPOSITE
8.5.1. Overview
8.5.2. Geo-composite Market Forecast and Analysis
8.6. GEO-SYNTHETIC LINER
8.6.1. Overview
8.6.2. Geo-synthetic Liner Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GEOSYNTHETICS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1. OVERVIEW
9.2. FUNCTION MARKET FORECASTS AND ANALYSIS
9.3. SEPARATION
9.3.1. Overview
9.3.2. Separation Market Forecast and Analysis
9.4. DRAINAGE
9.4.1. Overview
9.4.2. Drainage Market Forecast and Analysis
9.5. FILTRATION
9.5.1. Overview
9.5.2. Filtration Market Forecast and Analysis
9.6. REINFORCEMENT
9.6.1. Overview
9.6.2. Reinforcement Market Forecast and Analysis
9.7. MOISTURE BARRIER
9.7.1. Overview
9.7.2. Moisture Barrier Market Forecast and Analysis
10. GEOSYNTHETICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. CONSTRUCTION
10.3.1. Overview
10.3.2. Construction Market Forecast and Analysis
10.4. TRANSPORTATION
10.4.1. Overview
10.4.2. Transportation Market Forecast and Analysis
10.5. ENVIRONMENTAL
10.5.1. Overview
10.5.2. Environmental Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. GEOSYNTHETICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Geosynthetics Market Overview
11.1.2 North America Geosynthetics Market Forecasts and Analysis
11.1.3 North America Geosynthetics Market Forecasts and Analysis - By Material
11.1.4 North America Geosynthetics Market Forecasts and Analysis - By Type
11.1.5 North America Geosynthetics Market Forecasts and Analysis - By Function
11.1.6 North America Geosynthetics Market Forecasts and Analysis - By Application
11.1.7 North America Geosynthetics Market Forecasts and Analysis - By Countries
11.1.7.1 United States Geosynthetics Market
11.1.7.1.1 United States Geosynthetics Market by Material
11.1.7.1.2 United States Geosynthetics Market by Type
11.1.7.1.3 United States Geosynthetics Market by Function
11.1.7.1.4 United States Geosynthetics Market by Application
11.1.7.2 Canada Geosynthetics Market
11.1.7.2.1 Canada Geosynthetics Market by Material
11.1.7.2.2 Canada Geosynthetics Market by Type
11.1.7.2.3 Canada Geosynthetics Market by Function
11.1.7.2.4 Canada Geosynthetics Market by Application
11.1.7.3 Mexico Geosynthetics Market
11.1.7.3.1 Mexico Geosynthetics Market by Material
11.1.7.3.2 Mexico Geosynthetics Market by Type
11.1.7.3.3 Mexico Geosynthetics Market by Function
11.1.7.3.4 Mexico Geosynthetics Market by Application
11.2. EUROPE
11.2.1 Europe Geosynthetics Market Overview
11.2.2 Europe Geosynthetics Market Forecasts and Analysis
11.2.3 Europe Geosynthetics Market Forecasts and Analysis - By Material
11.2.4 Europe Geosynthetics Market Forecasts and Analysis - By Type
11.2.5 Europe Geosynthetics Market Forecasts and Analysis - By Function
11.2.6 Europe Geosynthetics Market Forecasts and Analysis - By Application
11.2.7 Europe Geosynthetics Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Geosynthetics Market
11.2.7.1.1 Germany Geosynthetics Market by Material
11.2.7.1.2 Germany Geosynthetics Market by Type
11.2.7.1.3 Germany Geosynthetics Market by Function
11.2.7.1.4 Germany Geosynthetics Market by Application
11.2.7.2 France Geosynthetics Market
11.2.7.2.1 France Geosynthetics Market by Material
11.2.7.2.2 France Geosynthetics Market by Type
11.2.7.2.3 France Geosynthetics Market by Function
11.2.7.2.4 France Geosynthetics Market by Application
11.2.7.3 Italy Geosynthetics Market
11.2.7.3.1 Italy Geosynthetics Market by Material
11.2.7.3.2 Italy Geosynthetics Market by Type
11.2.7.3.3 Italy Geosynthetics Market by Function
11.2.7.3.4 Italy Geosynthetics Market by Application
11.2.7.4 United Kingdom Geosynthetics Market
11.2.7.4.1 United Kingdom Geosynthetics Market by Material
11.2.7.4.2 United Kingdom Geosynthetics Market by Type
11.2.7.4.3 United Kingdom Geosynthetics Market by Function
11.2.7.4.4 United Kingdom Geosynthetics Market by Application
11.2.7.5 Russia Geosynthetics Market
11.2.7.5.1 Russia Geosynthetics Market by Material
11.2.7.5.2 Russia Geosynthetics Market by Type
11.2.7.5.3 Russia Geosynthetics Market by Function
11.2.7.5.4 Russia Geosynthetics Market by Application
11.2.7.6 Rest of Europe Geosynthetics Market
11.2.7.6.1 Rest of Europe Geosynthetics Market by Material
11.2.7.6.2 Rest of Europe Geosynthetics Market by Type
11.2.7.6.3 Rest of Europe Geosynthetics Market by Function
11.2.7.6.4 Rest of Europe Geosynthetics Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Geosynthetics Market Overview
11.3.2 Asia-Pacific Geosynthetics Market Forecasts and Analysis
11.3.3 Asia-Pacific Geosynthetics Market Forecasts and Analysis - By Material
11.3.4 Asia-Pacific Geosynthetics Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Geosynthetics Market Forecasts and Analysis - By Function
11.3.6 Asia-Pacific Geosynthetics Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Geosynthetics Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Geosynthetics Market
11.3.7.1.1 Australia Geosynthetics Market by Material
11.3.7.1.2 Australia Geosynthetics Market by Type
11.3.7.1.3 Australia Geosynthetics Market by Function
11.3.7.1.4 Australia Geosynthetics Market by Application
11.3.7.2 China Geosynthetics Market
11.3.7.2.1 China Geosynthetics Market by Material
11.3.7.2.2 China Geosynthetics Market by Type
11.3.7.2.3 China Geosynthetics Market by Function
11.3.7.2.4 China Geosynthetics Market by Application
11.3.7.3 India Geosynthetics Market
11.3.7.3.1 India Geosynthetics Market by Material
11.3.7.3.2 India Geosynthetics Market by Type
11.3.7.3.3 India Geosynthetics Market by Function
11.3.7.3.4 India Geosynthetics Market by Application
11.3.7.4 Japan Geosynthetics Market
11.3.7.4.1 Japan Geosynthetics Market by Material
11.3.7.4.2 Japan Geosynthetics Market by Type
11.3.7.4.3 Japan Geosynthetics Market by Function
11.3.7.4.4 Japan Geosynthetics Market by Application
11.3.7.5 South Korea Geosynthetics Market
11.3.7.5.1 South Korea Geosynthetics Market by Material
11.3.7.5.2 South Korea Geosynthetics Market by Type
11.3.7.5.3 South Korea Geosynthetics Market by Function
11.3.7.5.4 South Korea Geosynthetics Market by Application
11.3.7.6 Rest of Asia-Pacific Geosynthetics Market
11.3.7.6.1 Rest of Asia-Pacific Geosynthetics Market by Material
11.3.7.6.2 Rest of Asia-Pacific Geosynthetics Market by Type
11.3.7.6.3 Rest of Asia-Pacific Geosynthetics Market by Function
11.3.7.6.4 Rest of Asia-Pacific Geosynthetics Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Geosynthetics Market Overview
11.4.2 Middle East and Africa Geosynthetics Market Forecasts and Analysis
11.4.3 Middle East and Africa Geosynthetics Market Forecasts and Analysis - By Material
11.4.4 Middle East and Africa Geosynthetics Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Geosynthetics Market Forecasts and Analysis - By Function
11.4.6 Middle East and Africa Geosynthetics Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Geosynthetics Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Geosynthetics Market
11.4.7.1.1 South Africa Geosynthetics Market by Material
11.4.7.1.2 South Africa Geosynthetics Market by Type
11.4.7.1.3 South Africa Geosynthetics Market by Function
11.4.7.1.4 South Africa Geosynthetics Market by Application
11.4.7.2 Saudi Arabia Geosynthetics Market
11.4.7.2.1 Saudi Arabia Geosynthetics Market by Material
11.4.7.2.2 Saudi Arabia Geosynthetics Market by Type
11.4.7.2.3 Saudi Arabia Geosynthetics Market by Function
11.4.7.2.4 Saudi Arabia Geosynthetics Market by Application
11.4.7.3 U.A.E Geosynthetics Market
11.4.7.3.1 U.A.E Geosynthetics Market by Material
11.4.7.3.2 U.A.E Geosynthetics Market by Type
11.4.7.3.3 U.A.E Geosynthetics Market by Function
11.4.7.3.4 U.A.E Geosynthetics Market by Application
11.4.7.4 Rest of Middle East and Africa Geosynthetics Market
11.4.7.4.1 Rest of Middle East and Africa Geosynthetics Market by Material
11.4.7.4.2 Rest of Middle East and Africa Geosynthetics Market by Type
11.4.7.4.3 Rest of Middle East and Africa Geosynthetics Market by Function
11.4.7.4.4 Rest of Middle East and Africa Geosynthetics Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Geosynthetics Market Overview
11.5.2 South and Central America Geosynthetics Market Forecasts and Analysis
11.5.3 South and Central America Geosynthetics Market Forecasts and Analysis - By Material
11.5.4 South and Central America Geosynthetics Market Forecasts and Analysis - By Type
11.5.5 South and Central America Geosynthetics Market Forecasts and Analysis - By Function
11.5.6 South and Central America Geosynthetics Market Forecasts and Analysis - By Application
11.5.7 South and Central America Geosynthetics Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Geosynthetics Market
11.5.7.1.1 Brazil Geosynthetics Market by Material
11.5.7.1.2 Brazil Geosynthetics Market by Type
11.5.7.1.3 Brazil Geosynthetics Market by Function
11.5.7.1.4 Brazil Geosynthetics Market by Application
11.5.7.2 Argentina Geosynthetics Market
11.5.7.2.1 Argentina Geosynthetics Market by Material
11.5.7.2.2 Argentina Geosynthetics Market by Type
11.5.7.2.3 Argentina Geosynthetics Market by Function
11.5.7.2.4 Argentina Geosynthetics Market by Application
11.5.7.3 Rest of South and Central America Geosynthetics Market
11.5.7.3.1 Rest of South and Central America Geosynthetics Market by Material
11.5.7.3.2 Rest of South and Central America Geosynthetics Market by Type
11.5.7.3.3 Rest of South and Central America Geosynthetics Market by Function
11.5.7.3.4 Rest of South and Central America Geosynthetics Market by Application
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. GEOSYNTHETICS MARKET, KEY COMPANY PROFILES
13.1. AGRU AMERICA, 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. ANHUI HUIFENG NEW SYNTHETIC MATERIALS CO., LTD.
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. BELTON INDUSTRIES, INC.
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. BERRY GLOBAL 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. E. I. DU PONT DE NEMOURS AND COMPANY
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. HUESKER, INC.
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. KONINKLIJKE TEN CATE B.V.
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. STRATA SYSTEMS INC
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. TAIAN MODERN PLASTIC CO., LTD
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. TENAX CORPORATION
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
- AGRU America, Inc.
- Anhui Huifeng New Synthetic Materials Co., Ltd.
- Belton Industries, Inc.
- Berry Global Inc.
- E. I. du Pont de Nemours and Company
- Huesker, Inc.
- Koninklijke Ten Cate B.V.
- Strata Systems Inc
- Taian Modern Plastic Co., Ltd
- Tenax Corporation
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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