Industrial Rubber Market Insights and Growth by 2031
Industrial rubber is a special grade of rubber suited for various end-use industries. They are used to provide sealing and insulation in a wide range of applications. Industrial rubbers are commercially available in large sheets and rolls, which can be conveniently cut in desired shapes and sizes. Industrial rubbers are used to manufacture several industrial goods, which include rubber belts, cables, bearings, valves, expansion joints, seals, gaskets, anti-vibration mountings, dampeners, and linings.
MARKET DYNAMICS
The growing uses of industrial rubber and rubber products in manufacturing automobile components such as rubber tires, airbags, floor mats, mud flaps, axle boots, wiper blades, fuel hoses, etc. are likely to drive the demand for industrial rubber in the forecast period. The widespread use of industrial rubber in the interior and exterior body parts of automobiles and its irreplaceability in the automobile sector is likely to lead to significant consumption of industrial rubber components by the automotive and transportation sector in the forecast period. Moreover, the tire industries are also anticipated to drive the demand for industrial rubber in the forecast period. However, the emergence of thermoplastic elastomers as a substitute to synthetic and natural rubber and its potential uses in industries such as construction, aviation, automotive, defense, cables, and footwears, is likely to pose a threat to the industrial rubber industries in the forecast period.
MARKET SCOPE
The "Global Industrial Rubber Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial rubber market with detailed market segmentation by type, product, application, and geography. The global industrial rubber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial rubber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial rubber market is segmented on the basis of type, product, and application. On the basis of type, the industrial rubber market is segmented into, natural rubber and synthetic rubber. On the basis of product, the market is bifurcated into, mechanical rubber good, rubber hose, rubber belt, rubber roofing, and others. Based on application, the global industrial rubber market is segmented into, automotive, building & construction, industrial manufacturing, polymer modification, wire & cable, electrical & electronics, bitumen modification, coating, sealant & adhesive, medical & healthcare, 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 industrial rubber 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 industrial rubber 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 industrial rubber 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 industrial rubber 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 industrial rubber 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 industrial rubber 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 industrial rubber 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 industrial rubber market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial rubber 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 industrial rubber market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial rubber in the global market. Below mentioned is the list of few companies engaged in the industrial rubber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial rubber 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.
- Goodyear Tire and Rubber Company
- JSR Corporation
- Kumho Petrochemical Co., Ltd.
- Lanxess AG
- LG Chem Ltd.
- Nizhnekamskneftekhim
- Sinopec
- TSRC Corporation
- Versalis S.p.A.
- ZEON Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Rubber Market - By Type
1.3.2 Industrial Rubber Market - By Product
1.3.3 Industrial Rubber Market - By Application
1.3.4 Industrial Rubber Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL RUBBER 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. INDUSTRIAL RUBBER 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. INDUSTRIAL RUBBER MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL RUBBER - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL RUBBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL RUBBER
7.3.1. Overview
7.3.2. Natural Rubber Market Forecast and Analysis
7.4. SYNTHETIC RUBBER
7.4.1. Overview
7.4.2. Synthetic Rubber Market Forecast and Analysis
8. INDUSTRIAL RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. MECHANICAL RUBBER GOOD
8.3.1. Overview
8.3.2. Mechanical Rubber Good Market Forecast and Analysis
8.4. RUBBER HOSE
8.4.1. Overview
8.4.2. Rubber Hose Market Forecast and Analysis
8.5. RUBBER BELT
8.5.1. Overview
8.5.2. Rubber Belt Market Forecast and Analysis
8.6. RUBBER ROOFING
8.6.1. Overview
8.6.2. Rubber Roofing Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. INDUSTRIAL RUBBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. BUILDING AND CONSTRUCTION
9.4.1. Overview
9.4.2. Building and Construction Market Forecast and Analysis
9.5. INDUSTRIAL MANUFACTURING
9.5.1. Overview
9.5.2. Industrial Manufacturing Market Forecast and Analysis
9.6. POLYMER MODIFICATION
9.6.1. Overview
9.6.2. Polymer Modification Market Forecast and Analysis
9.7. WIRE AND CABLE
9.7.1. Overview
9.7.2. Wire and Cable Market Forecast and Analysis
9.8. ELECTRICAL AND ELECTRONICS
9.8.1. Overview
9.8.2. Electrical and Electronics Market Forecast and Analysis
9.9. BITUMEN MODIFICATION
9.9.1. Overview
9.9.2. Bitumen Modification Market Forecast and Analysis
9.10. COATING, SEALANT AND ADHESIVE
9.10.1. Overview
9.10.2. Coating, Sealant and Adhesive Market Forecast and Analysis
9.11. MEDICAL AND HEALTHCARE
9.11.1. Overview
9.11.2. Medical and Healthcare Market Forecast and Analysis
9.12. OTHERS
9.12.1. Overview
9.12.2. Others Market Forecast and Analysis
10. INDUSTRIAL RUBBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Industrial Rubber Market Overview
10.1.2 North America Industrial Rubber Market Forecasts and Analysis
10.1.3 North America Industrial Rubber Market Forecasts and Analysis - By Type
10.1.4 North America Industrial Rubber Market Forecasts and Analysis - By Product
10.1.5 North America Industrial Rubber Market Forecasts and Analysis - By Application
10.1.6 North America Industrial Rubber Market Forecasts and Analysis - By Countries
10.1.6.1 United States Industrial Rubber Market
10.1.6.1.1 United States Industrial Rubber Market by Type
10.1.6.1.2 United States Industrial Rubber Market by Product
10.1.6.1.3 United States Industrial Rubber Market by Application
10.1.6.2 Canada Industrial Rubber Market
10.1.6.2.1 Canada Industrial Rubber Market by Type
10.1.6.2.2 Canada Industrial Rubber Market by Product
10.1.6.2.3 Canada Industrial Rubber Market by Application
10.1.6.3 Mexico Industrial Rubber Market
10.1.6.3.1 Mexico Industrial Rubber Market by Type
10.1.6.3.2 Mexico Industrial Rubber Market by Product
10.1.6.3.3 Mexico Industrial Rubber Market by Application
10.2. EUROPE
10.2.1 Europe Industrial Rubber Market Overview
10.2.2 Europe Industrial Rubber Market Forecasts and Analysis
10.2.3 Europe Industrial Rubber Market Forecasts and Analysis - By Type
10.2.4 Europe Industrial Rubber Market Forecasts and Analysis - By Product
10.2.5 Europe Industrial Rubber Market Forecasts and Analysis - By Application
10.2.6 Europe Industrial Rubber Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Industrial Rubber Market
10.2.6.1.1 Germany Industrial Rubber Market by Type
10.2.6.1.2 Germany Industrial Rubber Market by Product
10.2.6.1.3 Germany Industrial Rubber Market by Application
10.2.6.2 France Industrial Rubber Market
10.2.6.2.1 France Industrial Rubber Market by Type
10.2.6.2.2 France Industrial Rubber Market by Product
10.2.6.2.3 France Industrial Rubber Market by Application
10.2.6.3 Italy Industrial Rubber Market
10.2.6.3.1 Italy Industrial Rubber Market by Type
10.2.6.3.2 Italy Industrial Rubber Market by Product
10.2.6.3.3 Italy Industrial Rubber Market by Application
10.2.6.4 United Kingdom Industrial Rubber Market
10.2.6.4.1 United Kingdom Industrial Rubber Market by Type
10.2.6.4.2 United Kingdom Industrial Rubber Market by Product
10.2.6.4.3 United Kingdom Industrial Rubber Market by Application
10.2.6.5 Russia Industrial Rubber Market
10.2.6.5.1 Russia Industrial Rubber Market by Type
10.2.6.5.2 Russia Industrial Rubber Market by Product
10.2.6.5.3 Russia Industrial Rubber Market by Application
10.2.6.6 Rest of Europe Industrial Rubber Market
10.2.6.6.1 Rest of Europe Industrial Rubber Market by Type
10.2.6.6.2 Rest of Europe Industrial Rubber Market by Product
10.2.6.6.3 Rest of Europe Industrial Rubber Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Industrial Rubber Market Overview
10.3.2 Asia-Pacific Industrial Rubber Market Forecasts and Analysis
10.3.3 Asia-Pacific Industrial Rubber Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Industrial Rubber Market Forecasts and Analysis - By Product
10.3.5 Asia-Pacific Industrial Rubber Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Industrial Rubber Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Industrial Rubber Market
10.3.6.1.1 Australia Industrial Rubber Market by Type
10.3.6.1.2 Australia Industrial Rubber Market by Product
10.3.6.1.3 Australia Industrial Rubber Market by Application
10.3.6.2 China Industrial Rubber Market
10.3.6.2.1 China Industrial Rubber Market by Type
10.3.6.2.2 China Industrial Rubber Market by Product
10.3.6.2.3 China Industrial Rubber Market by Application
10.3.6.3 India Industrial Rubber Market
10.3.6.3.1 India Industrial Rubber Market by Type
10.3.6.3.2 India Industrial Rubber Market by Product
10.3.6.3.3 India Industrial Rubber Market by Application
10.3.6.4 Japan Industrial Rubber Market
10.3.6.4.1 Japan Industrial Rubber Market by Type
10.3.6.4.2 Japan Industrial Rubber Market by Product
10.3.6.4.3 Japan Industrial Rubber Market by Application
10.3.6.5 South Korea Industrial Rubber Market
10.3.6.5.1 South Korea Industrial Rubber Market by Type
10.3.6.5.2 South Korea Industrial Rubber Market by Product
10.3.6.5.3 South Korea Industrial Rubber Market by Application
10.3.6.6 Rest of Asia-Pacific Industrial Rubber Market
10.3.6.6.1 Rest of Asia-Pacific Industrial Rubber Market by Type
10.3.6.6.2 Rest of Asia-Pacific Industrial Rubber Market by Product
10.3.6.6.3 Rest of Asia-Pacific Industrial Rubber Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Industrial Rubber Market Overview
10.4.2 Middle East and Africa Industrial Rubber Market Forecasts and Analysis
10.4.3 Middle East and Africa Industrial Rubber Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Industrial Rubber Market Forecasts and Analysis - By Product
10.4.5 Middle East and Africa Industrial Rubber Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Industrial Rubber Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Industrial Rubber Market
10.4.6.1.1 South Africa Industrial Rubber Market by Type
10.4.6.1.2 South Africa Industrial Rubber Market by Product
10.4.6.1.3 South Africa Industrial Rubber Market by Application
10.4.6.2 Saudi Arabia Industrial Rubber Market
10.4.6.2.1 Saudi Arabia Industrial Rubber Market by Type
10.4.6.2.2 Saudi Arabia Industrial Rubber Market by Product
10.4.6.2.3 Saudi Arabia Industrial Rubber Market by Application
10.4.6.3 U.A.E Industrial Rubber Market
10.4.6.3.1 U.A.E Industrial Rubber Market by Type
10.4.6.3.2 U.A.E Industrial Rubber Market by Product
10.4.6.3.3 U.A.E Industrial Rubber Market by Application
10.4.6.4 Rest of Middle East and Africa Industrial Rubber Market
10.4.6.4.1 Rest of Middle East and Africa Industrial Rubber Market by Type
10.4.6.4.2 Rest of Middle East and Africa Industrial Rubber Market by Product
10.4.6.4.3 Rest of Middle East and Africa Industrial Rubber Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Industrial Rubber Market Overview
10.5.2 South and Central America Industrial Rubber Market Forecasts and Analysis
10.5.3 South and Central America Industrial Rubber Market Forecasts and Analysis - By Type
10.5.4 South and Central America Industrial Rubber Market Forecasts and Analysis - By Product
10.5.5 South and Central America Industrial Rubber Market Forecasts and Analysis - By Application
10.5.6 South and Central America Industrial Rubber Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Industrial Rubber Market
10.5.6.1.1 Brazil Industrial Rubber Market by Type
10.5.6.1.2 Brazil Industrial Rubber Market by Product
10.5.6.1.3 Brazil Industrial Rubber Market by Application
10.5.6.2 Argentina Industrial Rubber Market
10.5.6.2.1 Argentina Industrial Rubber Market by Type
10.5.6.2.2 Argentina Industrial Rubber Market by Product
10.5.6.2.3 Argentina Industrial Rubber Market by Application
10.5.6.3 Rest of South and Central America Industrial Rubber Market
10.5.6.3.1 Rest of South and Central America Industrial Rubber Market by Type
10.5.6.3.2 Rest of South and Central America Industrial Rubber Market by Product
10.5.6.3.3 Rest of South and Central America Industrial Rubber 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. INDUSTRIAL RUBBER MARKET, KEY COMPANY PROFILES
12.1. GOODYEAR TIRE AND RUBBER COMPANY
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. JSR CORPORATION
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. KUMHO PETROCHEMICAL CO., LTD.
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. LANXESS AG
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. LG CHEM LTD.
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. NIZHNEKAMSKNEFTEKHIM
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. SINOPEC
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. TSRC CORPORATION
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. VERSALIS S.P.A.
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. ZEON CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Goodyear Tire and Rubber Company
2. JSR Corporation
3. Kumho Petrochemical Co., Ltd.
4. Lanxess AG
5. LG Chem Ltd.
6. Nizhnekamskneftekhim
7. Sinopec
8. TSRC Corporation
9. Versalis S.p.A.
10. ZEON 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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