PEX (Crossed-Linked Polyethylene) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The rising automotive sector and the growing need for plastic pipes in the solar industry are driving the global PEX (Cross-Linked Polyethylene) market. Another significant element projected to drive demand for cross-linked polyethylene in the coming years is the increased demand for weather, heat, and moisture resistant materials that provide better protection to wires and allow them to transport energy efficiently. Many governments are emphasising the use of cleaner energy sources.
MARKET DYNAMICS
In the worldwide PEX market, automotive is one of the fastest-growing application categories. The PEX market is being driven by the usage of PEX in the manufacture of car parts and components. In addition, as PVC's market share declines, the likelihood of other materials, such as PEX, being used for insulation in automotive wires and cables is predicted to rise during the projection period.
MARKET SCOPE
The "Global PEX (Crossed-Linked Polyethylene) Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the exercise trampolines market with detailed market segmentation by type and application. The global PEX (Crossed-Linked Polyethylene) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading exercise trampolines market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global PEX (Crossed-Linked Polyethylene) market is segmented into type and application. By type, the PEX (Crossed-Linked Polyethylene) market is classified into HDPE, LDPE. By application, the PEX (Crossed-Linked Polyethylene) market is classified into wires and cables, plumbing, automotive 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 PEX (Crossed-Linked Polyethylene) market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The PEX (Crossed-Linked Polyethylene) 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 PEX (Crossed-Linked Polyethylene) market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. 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 PEX (Crossed-Linked Polyethylene) 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 PEX (Crossed-Linked Polyethylene) market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The PEX (Crossed-Linked Polyethylene) 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 PEX (Crossed-Linked Polyethylene) market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. 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 PEX (Crossed-Linked Polyethylene) market in these regions.
MARKET PLAYERS
The report covers vital developments in the PEX (Crossed-Linked Polyethylene) 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the PEX (Crossed-Linked Polyethylene) market are anticipated to witness lucrative growth opportunities in the future with the rising demand for PEX (Crossed-Linked Polyethylene) in the global market. Below mentioned is the list of few companies engaged in the PEX (Crossed-Linked Polyethylene) The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the PEX (Crossed-Linked Polyethylene) market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- 3H VINACOM CO. , LTD
- LyondellBasell Industries Holdings B. V.
- Sankhla Plolymers
- Borealis AG
- Polylink Polymers (India) Ltd.
- Solvay
- Dow
- Falcone Specialities AG
- Exxon Mobil Corporation
- SACO AEI Polymers
- 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.
101. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 PEX (Crossed-Linked Polyethylene) Market - By Type
1. 3. 2 PEX (Crossed-Linked Polyethylene) Market - By Application
1. 3. 3 PEX (Crossed-Linked Polyethylene) Market - By Region
1. 3. 3. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PEX (CROSSED-LINKED POLYETHYLENE) 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. PEX (CROSSED-LINKED POLYETHYLENE) 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. PEX (CROSSED-LINKED POLYETHYLENE) MARKET - GLOBAL MARKET ANALYSIS
6. 1. PEX (CROSSED-LINKED POLYETHYLENE) - GLOBAL MARKET OVERVIEW
6. 2. PEX (CROSSED-LINKED POLYETHYLENE) - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. PEX (CROSSED-LINKED POLYETHYLENE) MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7. 1. OVERVIEW
7. 2. TYPE MARKET FORECASTS AND ANALYSIS
7. 3. HDPE
7. 3. 1. Overview
7. 3. 2. HDPE Market Forecast and Analysis
7. 4. LDPE
7. 4. 1. Overview
7. 4. 2. LDPE Market Forecast and Analysis
8. PEX (CROSSED-LINKED POLYETHYLENE) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. WIRES AND CABLES
8. 3. 1. Overview
8. 3. 2. Wires and Cables Market Forecast and Analysis
8. 4. PLUMBING
8. 4. 1. Overview
8. 4. 2. Plumbing Market Forecast and Analysis
8. 5. AUTOMOTIVE
8. 5. 1. Overview
8. 5. 2. Automotive Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis
9. PEX (CROSSED-LINKED POLYETHYLENE) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America PEX (Crossed-Linked Polyethylene) Market Overview
9. 1. 2 North America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis
9. 1. 3 North America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Type
9. 1. 4 North America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Application
9. 1. 5 North America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States PEX (Crossed-Linked Polyethylene) Market
9. 1. 5. 1. 1 United States PEX (Crossed-Linked Polyethylene) Market by Type
9. 1. 5. 1. 2 United States PEX (Crossed-Linked Polyethylene) Market by Application
9. 1. 5. 2 Canada PEX (Crossed-Linked Polyethylene) Market
9. 1. 5. 2. 1 Canada PEX (Crossed-Linked Polyethylene) Market by Type
9. 1. 5. 2. 2 Canada PEX (Crossed-Linked Polyethylene) Market by Application
9. 1. 5. 3 Mexico PEX (Crossed-Linked Polyethylene) Market
9. 1. 5. 3. 1 Mexico PEX (Crossed-Linked Polyethylene) Market by Type
9. 1. 5. 3. 2 Mexico PEX (Crossed-Linked Polyethylene) Market by Application
9. 2. EUROPE
9. 2. 1 Europe PEX (Crossed-Linked Polyethylene) Market Overview
9. 2. 2 Europe PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis
9. 2. 3 Europe PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Type
9. 2. 4 Europe PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Application
9. 2. 5 Europe PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany PEX (Crossed-Linked Polyethylene) Market
9. 2. 5. 1. 1 Germany PEX (Crossed-Linked Polyethylene) Market by Type
9. 2. 5. 1. 2 Germany PEX (Crossed-Linked Polyethylene) Market by Application
9. 2. 5. 2 France PEX (Crossed-Linked Polyethylene) Market
9. 2. 5. 2. 1 France PEX (Crossed-Linked Polyethylene) Market by Type
9. 2. 5. 2. 2 France PEX (Crossed-Linked Polyethylene) Market by Application
9. 2. 5. 3 Italy PEX (Crossed-Linked Polyethylene) Market
9. 2. 5. 3. 1 Italy PEX (Crossed-Linked Polyethylene) Market by Type
9. 2. 5. 3. 2 Italy PEX (Crossed-Linked Polyethylene) Market by Application
9. 2. 5. 4 United Kingdom PEX (Crossed-Linked Polyethylene) Market
9. 2. 5. 4. 1 United Kingdom PEX (Crossed-Linked Polyethylene) Market by Type
9. 2. 5. 4. 2 United Kingdom PEX (Crossed-Linked Polyethylene) Market by Application
9. 2. 5. 5 Russia PEX (Crossed-Linked Polyethylene) Market
9. 2. 5. 5. 1 Russia PEX (Crossed-Linked Polyethylene) Market by Type
9. 2. 5. 5. 2 Russia PEX (Crossed-Linked Polyethylene) Market by Application
9. 2. 5. 6 Egypt PEX (Crossed-Linked Polyethylene) Market
9. 2. 5. 6. 1 Egypt PEX (Crossed-Linked Polyethylene) Market by Type
9. 2. 5. 6. 2 Egypt PEX (Crossed-Linked Polyethylene) Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific PEX (Crossed-Linked Polyethylene) Market Overview
9. 3. 2 Asia-Pacific PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis
9. 3. 3 Asia-Pacific PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Type
9. 3. 4 Asia-Pacific PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Application
9. 3. 5 Asia-Pacific PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia PEX (Crossed-Linked Polyethylene) Market
9. 3. 5. 1. 1 Australia PEX (Crossed-Linked Polyethylene) Market by Type
9. 3. 5. 1. 2 Australia PEX (Crossed-Linked Polyethylene) Market by Application
9. 3. 5. 2 China PEX (Crossed-Linked Polyethylene) Market
9. 3. 5. 2. 1 China PEX (Crossed-Linked Polyethylene) Market by Type
9. 3. 5. 2. 2 China PEX (Crossed-Linked Polyethylene) Market by Application
9. 3. 5. 3 India PEX (Crossed-Linked Polyethylene) Market
9. 3. 5. 3. 1 India PEX (Crossed-Linked Polyethylene) Market by Type
9. 3. 5. 3. 2 India PEX (Crossed-Linked Polyethylene) Market by Application
9. 3. 5. 4 South Korea PEX (Crossed-Linked Polyethylene) Market
9. 3. 5. 4. 1 South Korea PEX (Crossed-Linked Polyethylene) Market by Type
9. 3. 5. 4. 2 South Korea PEX (Crossed-Linked Polyethylene) Market by Application
9. 3. 5. 5 Rest of Asia-Pacific PEX (Crossed-Linked Polyethylene) Market
9. 3. 5. 5. 1 Rest of Asia-Pacific PEX (Crossed-Linked Polyethylene) Market by Type
9. 3. 5. 5. 2 Rest of Asia-Pacific PEX (Crossed-Linked Polyethylene) Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa PEX (Crossed-Linked Polyethylene) Market Overview
9. 4. 2 Middle East and Africa PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis
9. 4. 3 Middle East and Africa PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Type
9. 4. 4 Middle East and Africa PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Application
9. 4. 5 Middle East and Africa PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa PEX (Crossed-Linked Polyethylene) Market
9. 4. 5. 1. 1 South Africa PEX (Crossed-Linked Polyethylene) Market by Type
9. 4. 5. 1. 2 South Africa PEX (Crossed-Linked Polyethylene) Market by Application
9. 4. 5. 2 Saudi Arabia PEX (Crossed-Linked Polyethylene) Market
9. 4. 5. 2. 1 Saudi Arabia PEX (Crossed-Linked Polyethylene) Market by Type
9. 4. 5. 2. 2 Saudi Arabia PEX (Crossed-Linked Polyethylene) Market by Application
9. 4. 5. 3 U. A. E PEX (Crossed-Linked Polyethylene) Market
9. 4. 5. 3. 1 U. A. E PEX (Crossed-Linked Polyethylene) Market by Type
9. 4. 5. 3. 2 U. A. E PEX (Crossed-Linked Polyethylene) Market by Application
9. 4. 5. 4 Rest of Middle East and Africa PEX (Crossed-Linked Polyethylene) Market
9. 4. 5. 4. 1 Rest of Middle East and Africa PEX (Crossed-Linked Polyethylene) Market by Type
9. 4. 5. 4. 2 Rest of Middle East and Africa PEX (Crossed-Linked Polyethylene) Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America PEX (Crossed-Linked Polyethylene) Market Overview
9. 5. 2 South and Central America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis
9. 5. 3 South and Central America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Type
9. 5. 4 South and Central America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Application
9. 5. 5 South and Central America PEX (Crossed-Linked Polyethylene) Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil PEX (Crossed-Linked Polyethylene) Market
9. 5. 5. 1. 1 Brazil PEX (Crossed-Linked Polyethylene) Market by Type
9. 5. 5. 1. 2 Brazil PEX (Crossed-Linked Polyethylene) Market by Application
9. 5. 5. 2 Argentina PEX (Crossed-Linked Polyethylene) Market
9. 5. 5. 2. 1 Argentina PEX (Crossed-Linked Polyethylene) Market by Type
9. 5. 5. 2. 2 Argentina PEX (Crossed-Linked Polyethylene) Market by Application
9. 5. 5. 3 Rest of South and Central America PEX (Crossed-Linked Polyethylene) Market
9. 5. 5. 3. 1 Rest of South and Central America PEX (Crossed-Linked Polyethylene) Market by Type
9. 5. 5. 3. 2 Rest of South and Central America PEX (Crossed-Linked Polyethylene) Market by Application
10. INDUSTRY LANDSCAPE
10. 1. MERGERS AND ACQUISITIONS
10. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10. 3. NEW PRODUCT LAUNCHES
10. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PEX (CROSSED-LINKED POLYETHYLENE) MARKET, KEY COMPANY PROFILES
11. 1. 3H VINACOM CO. , LTD
11. 1. 1. Key Facts
11. 1. 2. Business Description
11. 1. 3. Products and Services
11. 1. 4. Financial Overview
11. 1. 5. SWOT Analysis
11. 1. 6. Key Developments
11. 2. LYONDELLBASELL INDUSTRIES HOLDINGS B. V.
11. 2. 1. Key Facts
11. 2. 2. Business Description
11. 2. 3. Products and Services
11. 2. 4. Financial Overview
11. 2. 5. SWOT Analysis
11. 2. 6. Key Developments
11. 3. SANKHLA PLOLYMERS
11. 3. 1. Key Facts
11. 3. 2. Business Description
11. 3. 3. Products and Services
11. 3. 4. Financial Overview
11. 3. 5. SWOT Analysis
11. 3. 6. Key Developments
11. 4. BOREALIS AG
11. 4. 1. Key Facts
11. 4. 2. Business Description
11. 4. 3. Products and Services
11. 4. 4. Financial Overview
11. 4. 5. SWOT Analysis
11. 4. 6. Key Developments
11. 5. POLYLINK POLYMERS (INDIA) LTD.
11. 5. 1. Key Facts
11. 5. 2. Business Description
11. 5. 3. Products and Services
11. 5. 4. Financial Overview
11. 5. 5. SWOT Analysis
11. 5. 6. Key Developments
11. 6. SOLVAY
11. 6. 1. Key Facts
11. 6. 2. Business Description
11. 6. 3. Products and Services
11. 6. 4. Financial Overview
11. 6. 5. SWOT Analysis
11. 6. 6. Key Developments
11. 7. DOW
11. 7. 1. Key Facts
11. 7. 2. Business Description
11. 7. 3. Products and Services
11. 7. 4. Financial Overview
11. 7. 5. SWOT Analysis
11. 7. 6. Key Developments
11. 8. FALCONE SPECIALITIES AG
11. 8. 1. Key Facts
11. 8. 2. Business Description
11. 8. 3. Products and Services
11. 8. 4. Financial Overview
11. 8. 5. SWOT Analysis
11. 8. 6. Key Developments
11. 9. EXXON MOBIL CORPORATION
11. 9. 1. Key Facts
11. 9. 2. Business Description
11. 9. 3. Products and Services
11. 9. 4. Financial Overview
11. 9. 5. SWOT Analysis
11. 9. 6. Key Developments
11. 10. SACO AEI POLYMERS
11. 10. 1. Key Facts
11. 10. 2. Business Description
11. 10. 3. Products and Services
11. 10. 4. Financial Overview
11. 10. 5. SWOT Analysis
11. 10. 6. Key Developments
12. APPENDIX
12. 1. ABOUT THE INSIGHT PARTNERS
12. 2. GLOSSARY OF TERMS
The List Of Companies
- 3H VINACOM CO. , LTD
- LyondellBasell Industries Holdings B. V.
- Sankhla Plolymers
- Borealis AG
- Polylink Polymers (India) Ltd.
- Solvay
- Dow
- Falcone Specialities AG
- Exxon Mobil Corporation
- SACO AEI Polymers
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.