Non-Woven Materials Market Key Findings by 2031
The Non-Woven Materials 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.
Non-Woven Materials Market covers analysis By Material Type (PP, PE, PET, Wood Pulp, Rayon, Others); Technology (Spunbound/Spunlace, Drylaid, Wetlaid, Others); Application (Hygiene Products, Medical, Automotive, Building and Construction, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Non-woven fabrics are materials made from processed cloth and plastic strands that are not knitted or woven. Non-woven polypropylene is a material that can be used to make recyclable plastic material or fabric. Heat and chemical substances are used in the processing. The material is then compacted into a soft fabric-like material that may be stitched into tote bags, packing materials, face masks, and other items.
Purpose of the ReportThe report Non-Woven Materials 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.
Non-Woven Materials Market Segmentation
Material Type- PP
- PE
- PET
- Wood Pulp
- Rayon
- Spunbound/Spunlace
- Drylaid
- Wetlaid
Strategic Insights
Non-Woven Materials Market Growth Drivers- Non-woven Materials in Hygiene Products: Non-woven materials are particularly important in hygiene products, such as diapers, sanitary napkins, and adult incontinence products, because of the superior absorbent properties, comfort, and lightweight nature that they provide. The key driving force behind this market has been the increasing global demand for hygiene products, which stems from population growth and rising awareness of health and hygiene.
- Non-woven Materials in Automotive Industry: Non-woven materials are widely used in the automotive industry for interior components, insulation, and soundproofing. Automotive production is increasing, and there is a need for lightweight and durable materials; therefore, the growth in the automotive industry is the primary driver of demand for non-woven materials.
- Growing Demand for Sustainable Non-wovens: The demand for non-woven fabrics is growing as the demand for sustainable and eco-friendly materials increases. Such materials are often produced from recyclable and biodegradable resources, thereby meeting the global demand for sustainable products in packaging, construction, and healthcare industries.
- Biodegradable and Compostable Non-wovens: Along with growing concerns about environmental sustainability, the trend now is to create biodegradable and compostable non-woven fabrics. These materials are increasingly used in applications like packaging, personal care, and agriculture, providing more sustainable solutions and responding to stricter regulations on the environment.
- Advancements in Non-woven Production Technologies: Advancements in the production technologies of spunbond, meltblown, and needlepunching benefit the market of non-woven materials. Spunbond and meltblown now can make it possible to obtain multifunctional non-woven fabrics, which have advanced performances that are applied not only to filtration but also in other fields, medical textiles, and automotive parts.
- Non-woven Materials in Healthcare Applications: Due to its lightweight, absorbent, and disposable nature, non-woven materials are increasingly being used in healthcare applications such as surgical gowns, face masks, and wound care products. In the post-pandemic period, there is growing health awareness and medical safety, which further increases demand for non-woven materials in the healthcare sector.
- Rising Non-woven Demand in Emerging Markets: In growingly industrialized and urbanizing regions in emerging markets, the non-woven material demand continues to rise, especially within the Asia-Pacific and Latin American markets. Hygiene product sectors, automotive, and construction are all witnessing robust growth, thus providing substantial scope for manufacturers of non-woven fabric.
- Non-woven Materials in Personal Care Products: Non-woven materials are used widely in personal care products such as facial wipes, baby wipes, and cosmetics packaging. There is significant growth opportunity for the personal care sector non-woven fabric manufacturers in view of growing global demand for personal care products, especially in developing regions.
- Non-woven Materials in Agriculture: The main use of non-woven materials in agriculture is for crop cover, weed control, and soil protection. With the increase in the world population, more sustainable farming practices will be needed, and therefore, a growing demand for non-woven materials in agriculture will provide excellent opportunities for growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Non-Woven Materials 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 Non-Woven Materials 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 North America market is expected to account for the highest CAGR during the forecast period, owing to the growing automotive industry in the region.
The PP material type segment accounted for the largest market share in 2023
Expansion of the automotive industry is a key driver in the market.
Berry Global Inc., Johns Manville, Kimberly-Clark Worldwide, Inc., Ahlstrom-Munksjö, Glatfelter Corporation, Suominen Corporation, PFNonwovens a.s., Avgol Industries 1953 Ltd., Fitesa S.A., and Freudenberg are some of the key players in the market.
The Non-Woven Materials Market is estimated to witness a CAGR of 6% from 2023 to 2031
Advancements in biodegradable non-woven materials is an emerging trend in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Non-Woven Materials Market - By Material Type
1.3.2 Non-Woven Materials Market - By Technology
1.3.3 Non-Woven Materials Market - By Application
1.3.4 Non-Woven Materials Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NON-WOVEN MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. NON-WOVEN MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NON-WOVEN MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. NON-WOVEN MATERIALS - GLOBAL MARKET OVERVIEW
6.2. NON-WOVEN MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. NON-WOVEN MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
7.1. OVERVIEW
7.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. PP
7.3.1. Overview
7.3.2. PP Market Forecast and Analysis
7.4. PE
7.4.1. Overview
7.4.2. PE Market Forecast and Analysis
7.5. PET
7.5.1. Overview
7.5.2. PET Market Forecast and Analysis
7.6. WOOD PULP
7.6.1. Overview
7.6.2. Wood Pulp Market Forecast and Analysis
7.7. RAYON
7.7.1. Overview
7.7.2. Rayon Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. NON-WOVEN MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SPUNBOUND/SPUNLACE
8.3.1. Overview
8.3.2. Spunbound/Spunlace Market Forecast and Analysis
8.4. DRYLAID
8.4.1. Overview
8.4.2. Drylaid Market Forecast and Analysis
8.5. WETLAID
8.5.1. Overview
8.5.2. Wetlaid Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. NON-WOVEN MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HYGIENE PRODUCTS
9.3.1. Overview
9.3.2. Hygiene Products Market Forecast and Analysis
9.4. MEDICAL
9.4.1. Overview
9.4.2. Medical Market Forecast and Analysis
9.5. AUTOMOTIVE
9.5.1. Overview
9.5.2. Automotive Market Forecast and Analysis
9.6. BUILDING AND CONSTRUCTION
9.6.1. Overview
9.6.2. Building and Construction Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. NON-WOVEN MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Non-Woven Materials Market Overview
10.1.2 North America Non-Woven Materials Market Forecasts and Analysis
10.1.3 North America Non-Woven Materials Market Forecasts and Analysis - By Material Type
10.1.4 North America Non-Woven Materials Market Forecasts and Analysis - By Technology
10.1.5 North America Non-Woven Materials Market Forecasts and Analysis - By Application
10.1.6 North America Non-Woven Materials Market Forecasts and Analysis - By Countries
10.1.6.1 United States Non-Woven Materials Market
10.1.6.1.1 United States Non-Woven Materials Market by Material Type
10.1.6.1.2 United States Non-Woven Materials Market by Technology
10.1.6.1.3 United States Non-Woven Materials Market by Application
10.1.6.2 Canada Non-Woven Materials Market
10.1.6.2.1 Canada Non-Woven Materials Market by Material Type
10.1.6.2.2 Canada Non-Woven Materials Market by Technology
10.1.6.2.3 Canada Non-Woven Materials Market by Application
10.1.6.3 Mexico Non-Woven Materials Market
10.1.6.3.1 Mexico Non-Woven Materials Market by Material Type
10.1.6.3.2 Mexico Non-Woven Materials Market by Technology
10.1.6.3.3 Mexico Non-Woven Materials Market by Application
10.2. EUROPE
10.2.1 Europe Non-Woven Materials Market Overview
10.2.2 Europe Non-Woven Materials Market Forecasts and Analysis
10.2.3 Europe Non-Woven Materials Market Forecasts and Analysis - By Material Type
10.2.4 Europe Non-Woven Materials Market Forecasts and Analysis - By Technology
10.2.5 Europe Non-Woven Materials Market Forecasts and Analysis - By Application
10.2.6 Europe Non-Woven Materials Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Non-Woven Materials Market
10.2.6.1.1 Germany Non-Woven Materials Market by Material Type
10.2.6.1.2 Germany Non-Woven Materials Market by Technology
10.2.6.1.3 Germany Non-Woven Materials Market by Application
10.2.6.2 France Non-Woven Materials Market
10.2.6.2.1 France Non-Woven Materials Market by Material Type
10.2.6.2.2 France Non-Woven Materials Market by Technology
10.2.6.2.3 France Non-Woven Materials Market by Application
10.2.6.3 Italy Non-Woven Materials Market
10.2.6.3.1 Italy Non-Woven Materials Market by Material Type
10.2.6.3.2 Italy Non-Woven Materials Market by Technology
10.2.6.3.3 Italy Non-Woven Materials Market by Application
10.2.6.4 United Kingdom Non-Woven Materials Market
10.2.6.4.1 United Kingdom Non-Woven Materials Market by Material Type
10.2.6.4.2 United Kingdom Non-Woven Materials Market by Technology
10.2.6.4.3 United Kingdom Non-Woven Materials Market by Application
10.2.6.5 Russia Non-Woven Materials Market
10.2.6.5.1 Russia Non-Woven Materials Market by Material Type
10.2.6.5.2 Russia Non-Woven Materials Market by Technology
10.2.6.5.3 Russia Non-Woven Materials Market by Application
10.2.6.6 Rest of Europe Non-Woven Materials Market
10.2.6.6.1 Rest of Europe Non-Woven Materials Market by Material Type
10.2.6.6.2 Rest of Europe Non-Woven Materials Market by Technology
10.2.6.6.3 Rest of Europe Non-Woven Materials Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Non-Woven Materials Market Overview
10.3.2 Asia-Pacific Non-Woven Materials Market Forecasts and Analysis
10.3.3 Asia-Pacific Non-Woven Materials Market Forecasts and Analysis - By Material Type
10.3.4 Asia-Pacific Non-Woven Materials Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Non-Woven Materials Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Non-Woven Materials Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Non-Woven Materials Market
10.3.6.1.1 Australia Non-Woven Materials Market by Material Type
10.3.6.1.2 Australia Non-Woven Materials Market by Technology
10.3.6.1.3 Australia Non-Woven Materials Market by Application
10.3.6.2 China Non-Woven Materials Market
10.3.6.2.1 China Non-Woven Materials Market by Material Type
10.3.6.2.2 China Non-Woven Materials Market by Technology
10.3.6.2.3 China Non-Woven Materials Market by Application
10.3.6.3 India Non-Woven Materials Market
10.3.6.3.1 India Non-Woven Materials Market by Material Type
10.3.6.3.2 India Non-Woven Materials Market by Technology
10.3.6.3.3 India Non-Woven Materials Market by Application
10.3.6.4 Japan Non-Woven Materials Market
10.3.6.4.1 Japan Non-Woven Materials Market by Material Type
10.3.6.4.2 Japan Non-Woven Materials Market by Technology
10.3.6.4.3 Japan Non-Woven Materials Market by Application
10.3.6.5 South Korea Non-Woven Materials Market
10.3.6.5.1 South Korea Non-Woven Materials Market by Material Type
10.3.6.5.2 South Korea Non-Woven Materials Market by Technology
10.3.6.5.3 South Korea Non-Woven Materials Market by Application
10.3.6.6 Rest of Asia-Pacific Non-Woven Materials Market
10.3.6.6.1 Rest of Asia-Pacific Non-Woven Materials Market by Material Type
10.3.6.6.2 Rest of Asia-Pacific Non-Woven Materials Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Non-Woven Materials Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Non-Woven Materials Market Overview
10.4.2 Middle East and Africa Non-Woven Materials Market Forecasts and Analysis
10.4.3 Middle East and Africa Non-Woven Materials Market Forecasts and Analysis - By Material Type
10.4.4 Middle East and Africa Non-Woven Materials Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Non-Woven Materials Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Non-Woven Materials Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Non-Woven Materials Market
10.4.6.1.1 South Africa Non-Woven Materials Market by Material Type
10.4.6.1.2 South Africa Non-Woven Materials Market by Technology
10.4.6.1.3 South Africa Non-Woven Materials Market by Application
10.4.6.2 Saudi Arabia Non-Woven Materials Market
10.4.6.2.1 Saudi Arabia Non-Woven Materials Market by Material Type
10.4.6.2.2 Saudi Arabia Non-Woven Materials Market by Technology
10.4.6.2.3 Saudi Arabia Non-Woven Materials Market by Application
10.4.6.3 U.A.E Non-Woven Materials Market
10.4.6.3.1 U.A.E Non-Woven Materials Market by Material Type
10.4.6.3.2 U.A.E Non-Woven Materials Market by Technology
10.4.6.3.3 U.A.E Non-Woven Materials Market by Application
10.4.6.4 Rest of Middle East and Africa Non-Woven Materials Market
10.4.6.4.1 Rest of Middle East and Africa Non-Woven Materials Market by Material Type
10.4.6.4.2 Rest of Middle East and Africa Non-Woven Materials Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Non-Woven Materials Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Non-Woven Materials Market Overview
10.5.2 South and Central America Non-Woven Materials Market Forecasts and Analysis
10.5.3 South and Central America Non-Woven Materials Market Forecasts and Analysis - By Material Type
10.5.4 South and Central America Non-Woven Materials Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Non-Woven Materials Market Forecasts and Analysis - By Application
10.5.6 South and Central America Non-Woven Materials Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Non-Woven Materials Market
10.5.6.1.1 Brazil Non-Woven Materials Market by Material Type
10.5.6.1.2 Brazil Non-Woven Materials Market by Technology
10.5.6.1.3 Brazil Non-Woven Materials Market by Application
10.5.6.2 Argentina Non-Woven Materials Market
10.5.6.2.1 Argentina Non-Woven Materials Market by Material Type
10.5.6.2.2 Argentina Non-Woven Materials Market by Technology
10.5.6.2.3 Argentina Non-Woven Materials Market by Application
10.5.6.3 Rest of South and Central America Non-Woven Materials Market
10.5.6.3.1 Rest of South and Central America Non-Woven Materials Market by Material Type
10.5.6.3.2 Rest of South and Central America Non-Woven Materials Market by Technology
10.5.6.3.3 Rest of South and Central America Non-Woven Materials 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. NON-WOVEN MATERIALS MARKET, KEY COMPANY PROFILES
12.1. BERRY GLOBAL INC.
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. JOHNS MANVILLE
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. KIMBERLY-CLARK WORLDWIDE, INC.
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. AHLSTROM-MUNKSJö
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. GLATFELTER CORPORATION
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. SUOMINEN 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. PFNONWOVENS 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. AVGOL INDUSTRIES 1953 LTD.
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. FITESA S.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. FREUDENBERG
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
- Berry Global Inc.
- Johns Manville
- Kimberly-Clark Worldwide, Inc.
- Ahlstrom-Munksjö
- Glatfelter Corporation
- Suominen Corporation
- PFNonwovens a.s.
- Avgol Industries 1953 Ltd.
- Fitesa S.A.
- Freudenberg
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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