The Polydicyclopentadiene (PDCPD) Market is expected to register a CAGR of 3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Grade (Industrial and Medical). The report presents analysis based on Application (Construction Machinery, Transportation, Medical Instruments, Agriculture Machinery, Chemical, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Polydicyclopentadiene (PDCPD) 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.
Polydicyclopentadiene (PDCPD) Market Segmentation
Grade- Industrial
- Medical
- Construction Machinery
- Transportation
- Medical Instruments
- Agriculture Machinery
- Chemical
Strategic Insights
Polydicyclopentadiene (PDCPD) Market Growth Drivers- Increasing Use of PDCPD in Construction, Agricultural, and Industrial Equipment: Ongoing growing construction, agricultural, and industrial equipment usage of PDCPD is a significant growth driver in this market. PDCPD has a high strength-to-weight ratio together with excellent chemical, wear, and impact resistance which indicates potential applications in heavy-duty. PDCPD structural components are used as an example for construction, a very durable application in critical conditions.
- Enhanced Durability of Agricultural Equipment with PDCPD: PDCPD significantly enhances the durability and life performance of farm equipment under extreme conditions in agriculture. Particularly since PDCPD does not degrade by UV or weathering, the polymer is highly suitable for agricultural machinery exposed to outdoor elements, which brings about low maintenance costs and extended operational lifespans.
- PDCPD's Applications Expand in Automotive, Storage, and Industrial Containers: Industrial applications of PDCPD include automotive parts, storage tanks, and industrial containers. The equipment being often preferred in applications where aggressive environments are known to exist is attributed to its strength and resistance to corrosion, along with light weight. This ever-increasing demand in a cross-section of industries is enhancing demand for PDCPD.
- Emergence of Bio-based and Recycled PDCPD: Bio-based and recycled polydicyclopentadiene (PDCPD) are significant future trends that will increase market growth. The development of bio-based PDCPD offers a greener alternative with regard to traditional, petroleum-based materials with industries under heavy pressure to become more sustainable. As a renewable source, bio-based PDCPD reduces dependence on fossil fuel and carbon footprints.
- Driving Circular Economy and Resource Efficiency in Manufacturing: Another sustainable alternative is now available, recycled PDCPD. The reprocessing and reusing of waste or end-of-life products for PDCPD eliminate material waste but also promote the overall efficiency of resources, helping to support a circular economy as widely as possible around the world while making manufacturing processes less green damaging. This product also provides a value-for-money, environmentally friendly industrial alternative.
- Eco-friendly PDCPD in Automotive, Construction, and Renewable Energy Applications: Both bio-based and recycled PDCPD respond to growing demand from consumers and regulations for greener materials. Its performance and durability are similar to that of traditional PDCPD but with an environmental footprint. This places them in an attractive list for industries influenced by automotive, construction, and renewable energy applications where sustainability is becoming a key purchasing criterion.
- Growing Adoption of PDCPD in Wind Turbine Blades: Polydicyclopentadiene-based wind turbine blades are creating high growth prospects in the PDCPD market, due to rising demand. The light weight and high strength make the product perfect for manufacturing wind turbine blades. Introduction of the material within the blades enhances structural strength and reduces abrasion, leading to the contribution of resistance in harsh environmental conditions.
- Enhancing Wind Turbine Durability with PDCPD's Resistance to Harsh Conditions: It can be observed that wind turbine blades have been subjected to extreme forces such as high winds and weathering, which at one point in life contribute to material fatigue. The resistance of PDCPD to impact, UV degradation, and corrosion may well be the long-term solution for the above challenges. Its performance characteristics in harsh outdoor environments have found more popularity in renewable energy applications primarily in manufacturing wind turbines.
- PDCPD's Growing Role in Renewable Energy: The increased demand for renewable energy worldwide necessitates stronger yet more economical materials to be applied in wind turbine construction. PDCPD is rapidly gaining its acceptance mainly as a result of satisfactory mechanical properties and facile manufacturability. The characteristics make PDCPD an attractive alternative to the traditional materials like fiberglass or epoxy resins, further increasing the market potential.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polydicyclopentadiene (PDCPD) 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 Polydicyclopentadiene (PDCPD) 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
Emergence of Bio-based and Recycled PDCPD is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polydicyclopentadiene (PDCPD) market.
Based on grade, industrial is expected to witness the fastest growth during the forecast period
Artekno, Roihu Inc.; Core Molding Technologies; Dow, Inc. are some of the key players operating in the polydicyclopentadiene (PDCPD) market
The Polydicyclopentadiene (PDCPD) Market is estimated to witness a CAGR of 3% from 2023 to 2031
Increasing Use of PDCPD in Construction, Agricultural, and Industrial Equipment is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polydicyclopentadiene (PDCPD) Market - By Grade
1.3.2 Polydicyclopentadiene (PDCPD) Market - By Application
1.3.3 Polydicyclopentadiene (PDCPD) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYDICYCLOPENTADIENE (PDCPD) 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. POLYDICYCLOPENTADIENE (PDCPD) 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. POLYDICYCLOPENTADIENE (PDCPD) MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYDICYCLOPENTADIENE (PDCPD) - GLOBAL MARKET OVERVIEW
6.2. POLYDICYCLOPENTADIENE (PDCPD) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYDICYCLOPENTADIENE (PDCPD) MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL GRADE
7.3.1. Overview
7.3.2. Industrial Grade Market Forecast and Analysis
7.4. MEDICAL GRADE
7.4.1. Overview
7.4.2. Medical Grade Market Forecast and Analysis
8. POLYDICYCLOPENTADIENE (PDCPD) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION MACHINERY
8.3.1. Overview
8.3.2. Construction Machinery Market Forecast and Analysis
8.4. TRANSPORTATION
8.4.1. Overview
8.4.2. Transportation Market Forecast and Analysis
8.5. MEDICAL INSTRUMENTS
8.5.1. Overview
8.5.2. Medical Instruments Market Forecast and Analysis
8.6. AGRICULTURE MACHINERY
8.6.1. Overview
8.6.2. Agriculture Machinery Market Forecast and Analysis
8.7. CHEMICAL INDUSTRY
8.7.1. Overview
8.7.2. Chemical Industry Market Forecast and Analysis
9. POLYDICYCLOPENTADIENE (PDCPD) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polydicyclopentadiene (PDCPD) Market Overview
9.1.2 North America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis
9.1.3 North America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Grade
9.1.4 North America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Application
9.1.5 North America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polydicyclopentadiene (PDCPD) Market
9.1.5.1.1 United States Polydicyclopentadiene (PDCPD) Market by Grade
9.1.5.1.2 United States Polydicyclopentadiene (PDCPD) Market by Application
9.1.5.2 Canada Polydicyclopentadiene (PDCPD) Market
9.1.5.2.1 Canada Polydicyclopentadiene (PDCPD) Market by Grade
9.1.5.2.2 Canada Polydicyclopentadiene (PDCPD) Market by Application
9.1.5.3 Mexico Polydicyclopentadiene (PDCPD) Market
9.1.5.3.1 Mexico Polydicyclopentadiene (PDCPD) Market by Grade
9.1.5.3.2 Mexico Polydicyclopentadiene (PDCPD) Market by Application
9.2. EUROPE
9.2.1 Europe Polydicyclopentadiene (PDCPD) Market Overview
9.2.2 Europe Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis
9.2.3 Europe Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Grade
9.2.4 Europe Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Application
9.2.5 Europe Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polydicyclopentadiene (PDCPD) Market
9.2.5.1.1 Germany Polydicyclopentadiene (PDCPD) Market by Grade
9.2.5.1.2 Germany Polydicyclopentadiene (PDCPD) Market by Application
9.2.5.2 France Polydicyclopentadiene (PDCPD) Market
9.2.5.2.1 France Polydicyclopentadiene (PDCPD) Market by Grade
9.2.5.2.2 France Polydicyclopentadiene (PDCPD) Market by Application
9.2.5.3 Italy Polydicyclopentadiene (PDCPD) Market
9.2.5.3.1 Italy Polydicyclopentadiene (PDCPD) Market by Grade
9.2.5.3.2 Italy Polydicyclopentadiene (PDCPD) Market by Application
9.2.5.4 United Kingdom Polydicyclopentadiene (PDCPD) Market
9.2.5.4.1 United Kingdom Polydicyclopentadiene (PDCPD) Market by Grade
9.2.5.4.2 United Kingdom Polydicyclopentadiene (PDCPD) Market by Application
9.2.5.5 Russia Polydicyclopentadiene (PDCPD) Market
9.2.5.5.1 Russia Polydicyclopentadiene (PDCPD) Market by Grade
9.2.5.5.2 Russia Polydicyclopentadiene (PDCPD) Market by Application
9.2.5.6 Rest of Europe Polydicyclopentadiene (PDCPD) Market
9.2.5.6.1 Rest of Europe Polydicyclopentadiene (PDCPD) Market by Grade
9.2.5.6.2 Rest of Europe Polydicyclopentadiene (PDCPD) Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polydicyclopentadiene (PDCPD) Market Overview
9.3.2 Asia-Pacific Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis
9.3.3 Asia-Pacific Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polydicyclopentadiene (PDCPD) Market
9.3.5.1.1 Australia Polydicyclopentadiene (PDCPD) Market by Grade
9.3.5.1.2 Australia Polydicyclopentadiene (PDCPD) Market by Application
9.3.5.2 China Polydicyclopentadiene (PDCPD) Market
9.3.5.2.1 China Polydicyclopentadiene (PDCPD) Market by Grade
9.3.5.2.2 China Polydicyclopentadiene (PDCPD) Market by Application
9.3.5.3 India Polydicyclopentadiene (PDCPD) Market
9.3.5.3.1 India Polydicyclopentadiene (PDCPD) Market by Grade
9.3.5.3.2 India Polydicyclopentadiene (PDCPD) Market by Application
9.3.5.4 Japan Polydicyclopentadiene (PDCPD) Market
9.3.5.4.1 Japan Polydicyclopentadiene (PDCPD) Market by Grade
9.3.5.4.2 Japan Polydicyclopentadiene (PDCPD) Market by Application
9.3.5.5 South Korea Polydicyclopentadiene (PDCPD) Market
9.3.5.5.1 South Korea Polydicyclopentadiene (PDCPD) Market by Grade
9.3.5.5.2 South Korea Polydicyclopentadiene (PDCPD) Market by Application
9.3.5.6 Rest of Asia-Pacific Polydicyclopentadiene (PDCPD) Market
9.3.5.6.1 Rest of Asia-Pacific Polydicyclopentadiene (PDCPD) Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Polydicyclopentadiene (PDCPD) Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polydicyclopentadiene (PDCPD) Market Overview
9.4.2 Middle East and Africa Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis
9.4.3 Middle East and Africa Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polydicyclopentadiene (PDCPD) Market
9.4.5.1.1 South Africa Polydicyclopentadiene (PDCPD) Market by Grade
9.4.5.1.2 South Africa Polydicyclopentadiene (PDCPD) Market by Application
9.4.5.2 Saudi Arabia Polydicyclopentadiene (PDCPD) Market
9.4.5.2.1 Saudi Arabia Polydicyclopentadiene (PDCPD) Market by Grade
9.4.5.2.2 Saudi Arabia Polydicyclopentadiene (PDCPD) Market by Application
9.4.5.3 U.A.E Polydicyclopentadiene (PDCPD) Market
9.4.5.3.1 U.A.E Polydicyclopentadiene (PDCPD) Market by Grade
9.4.5.3.2 U.A.E Polydicyclopentadiene (PDCPD) Market by Application
9.4.5.4 Rest of Middle East and Africa Polydicyclopentadiene (PDCPD) Market
9.4.5.4.1 Rest of Middle East and Africa Polydicyclopentadiene (PDCPD) Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Polydicyclopentadiene (PDCPD) Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polydicyclopentadiene (PDCPD) Market Overview
9.5.2 South and Central America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis
9.5.3 South and Central America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Application
9.5.5 South and Central America Polydicyclopentadiene (PDCPD) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polydicyclopentadiene (PDCPD) Market
9.5.5.1.1 Brazil Polydicyclopentadiene (PDCPD) Market by Grade
9.5.5.1.2 Brazil Polydicyclopentadiene (PDCPD) Market by Application
9.5.5.2 Argentina Polydicyclopentadiene (PDCPD) Market
9.5.5.2.1 Argentina Polydicyclopentadiene (PDCPD) Market by Grade
9.5.5.2.2 Argentina Polydicyclopentadiene (PDCPD) Market by Application
9.5.5.3 Rest of South and Central America Polydicyclopentadiene (PDCPD) Market
9.5.5.3.1 Rest of South and Central America Polydicyclopentadiene (PDCPD) Market by Grade
9.5.5.3.2 Rest of South and Central America Polydicyclopentadiene (PDCPD) 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. POLYDICYCLOPENTADIENE (PDCPD) MARKET, KEY COMPANY PROFILES
11.1. ARTEKNO, ROIHU INC.
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. CORE MOLDING TECHNOLOGIES
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. DOW, INC.
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. EXXON MOBIL CORPORATION
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. MITSUBISHI CHEMICAL CORPORATION
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. OSBORNE INDUSTRIES INC.
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. OTIS TARDA
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. POLIRIM S.R.L
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. ROMEO RIM
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. SHELL CHEMICALS
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
1. Artekno, Roihu Inc.
2. Core Molding Technologies
3. Dow, Inc.
4. Exxon Mobil Corporation
5. Mitsubishi Chemical Corporation
6. OSBORNE INDUSTRIES INC.
7. OTIS TARDA
8. Polirim S.r.l
9. Romeo RIM
10. Shell Chemicals
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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