Polyethylene Oxide (PEO) Market Dynamics 2021-2031
MARKET ANALYSIS
Polyethylene oxide (PEO) is a non-ionic polymer with high-molecular-weight. It is hydrophilic, linear and highly soluble in both aqueous and organic solvents. Polyethylene Oxide (PEO) also known as polyethylene glycol (PEG), is water soluble thermoplastic resin. It consists of dispersing and coagulation properties due to high-molecular weights. Polyethylene oxide (PEO) is used as thickeners, lubrication aids, film formers, flocculants and binders in applications including adhesives, coatings, inks, water treatment, ceramics, papermaking, agrochemicals, and electronics.
GROWTH DRIVERS AND CHALLENGES
The growing demand for polyethylene oxide (PEO) in the end use industries has aided the polyethylene oxide (PEO) market growth. The properties of polyethylene oxide such as high viscosity, lubricity, and excellent dispersing effect makes it suitable for utilizing in industries such as paper, textile, polymer, building and construction, metals and mining, cosmetics, and others. Polyethylene oxide (PEO) in the end use industries is employed as dispersing agent, adhesive, coagulant, friction reducer, coating, and others. The rapid industrialization across the globe has resulted in expansion of many industries such as paper, textile, building and construction, metals and mining, etc. The utilization of polyethylene oxide in these industries has strengthen its scope. Polyethylene oxide when dissolved in the solution offers high viscosity even at low density making it and effective thickener for end use industries. Further, the polyethylene oxide (PEO) as a thermoplastic and can be used for extrusion molding, foundry molding, and calendaring molding. Hence, the emergence of this component as a thickener, lubricating solution, coagulant and dispersing agent in the manufacturing industries is expected to boost the market growth. The harmful effects of polyethylene oxide may create challenge in the growth of this market. The exposure of polyethylene oxide above the recommended level may cause irritation of the nose, throat and lungs. Further, the availability of substitute products is expected to hinder the demand of polyethylene oxide. Water-soluble, nonfouling polycarbonates can act as an alternative to polyethylene oxide.
REPORT SEGMENTATION AND SCOPE
The "Global Polyethylene Oxide (PEO) Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global polyethylene oxide (PEO) market trends and growth opportunities. The report aims to provide an overview of the global polyethylene oxide (PEO) market with detailed market segmentation by application, end use industry, and geography. The global polyethylene oxide (PEO) market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of polyethylene oxide (PEO) worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the polyethylene oxide (PEO) market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the polyethylene oxide (PEO) market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative polyethylene oxide (PEO) market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global polyethylene oxide (PEO) market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global polyethylene oxide (PEO) market is segmented on the basis of application, and end use industry. Based on application, the polyethylene oxide (PEO) market is segmented as dispersing agent, adhesive, coagulant, friction reducer, coating, and others. On the basis of end use industry, the market is classified as paper, textile, polymer, building and construction, metals and mining, cosmetics, and others.
Based on application, the dispersing agent accounted for a significant polyethylene oxide (PEO) market share. The small amount of polyethylene oxide (PEO) is sufficient to achieve excellent dispersing effect. It is highly used in paper industry for dispersion of pulp and also in the construction industry for polymer cement. Based on end use industry, paper accounted for a major polyethylene oxide (PEO) market share owing to the high adoption rate of polyethylene oxide as a dispersing agent in this industry.
REGIONAL ANALYSIS
The report provides a detailed overview of the global polyethylene oxide (PEO) market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant polyethylene oxide (PEO) market share globally. Large industrial base and fastest growing Asian economy is the key factor in growing demand for polyethylene oxide (PEO). North America is also expected to witness considerable growth with the increasing textile and polymer and cosmetics industry. Europe is also expected to be an attractive market for polyethylene oxide (PEO) during the forecast period, owing to the growing demand for highly functionable materials in the end use industry.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global polyethylene oxide (PEO) market.
In December 2022, Clariant is set to expand its Ethylene Oxide Derivatives (EODs) facility in Daya Bay, Huizhou, China, to meet the demand from pharmaceutical, personal care, home care, and other industries.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The covid-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. Polyethylene oxide (PEO) market experienced a slump during the pandemic owing to the limited trade of chemical products across the globe. Polyethylene oxide (PEO) are imported from countries across the globe, and this led to a limited availability of the product. Moreover, manufacturing activities also witnessed a decline during this period owing to the shortage of raw materials and limited supply of labor. However, the economies started reviving and the investment made by various government authorities to enhance the production facilities has led to overcoming the supply demand gap.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the polyethylene oxide (PEO) market include, DuPont; SUMITOMO SEIKA CHEMICALS CO.,LTD.; Alfa Aesar; Anyang General Chemical Co.,Ltd.; KOWA AMERICAN CORPORATION; Meisei Chemical Works, Ltd.; Merck KGaA; Polysciences Inc.; Dow; Qingdao ECHEMI Digital Technology Co., Ltd.; Hefei TNJ Chemical Industry Co., Ltd.; Noah Chemicals; Liaoning Kelong Fine Chemical Co., Ltd.; GFS Chemicals, Inc; and Pro Chem, Inc. among others.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyethylene Oxide (PEO) Market - By Type
1.3.2 Polyethylene Oxide (PEO) Market - By Application
1.3.3 Polyethylene Oxide (PEO) Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. POLYETHYLENE OXIDE (PEO) 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. POLYETHYLENE OXIDE (PEO) 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. POLYETHYLENE OXIDE (PEO) MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYETHYLENE OXIDE (PEO) - GLOBAL MARKET OVERVIEW
6.2. POLYETHYLENE OXIDE (PEO) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYETHYLENE OXIDE (PEO) MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MW: BELOW 1 MILLION
7.3.1. Overview
7.3.2. MW: below 1 million Market Forecast and Analysis
7.4. MW: 1-5 MILLION
7.4.1. Overview
7.4.2. MW: 1-5 million Market Forecast and Analysis
7.5. MW: ABOVE 5 MILLION
7.5.1. Overview
7.5.2. MW: above 5 million Market Forecast and Analysis
8. POLYETHYLENE OXIDE (PEO) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TEXTILE
8.3.1. Overview
8.3.2. Textile Market Forecast and Analysis
8.4. PAPER
8.4.1. Overview
8.4.2. Paper Market Forecast and Analysis
8.5. BUILDING & CONSTRUCTION
8.5.1. Overview
8.5.2. Building & Construction Market Forecast and Analysis
8.6. METALS AND MINING
8.6.1. Overview
8.6.2. Metals & Mining Market Forecast and Analysis
8.7. POLYMER
8.7.1. Overview
8.7.2. Polymer Market Forecast and Analysis
8.8. COSMETIC
8.8.1. Overview
8.8.2. Cosmetic Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. POLYETHYLENE OXIDE (PEO) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polyethylene Oxide (PEO) Market Overview
9.1.2 North America Polyethylene Oxide (PEO) Market Forecasts and Analysis
9.1.3 North America Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Type
9.1.4 North America Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Application
9.1.5 North America Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polyethylene Oxide (PEO) Market
9.1.5.1.1 United States Polyethylene Oxide (PEO) Market by Type
9.1.5.1.2 United States Polyethylene Oxide (PEO) Market by Application
9.1.5.2 Canada Polyethylene Oxide (PEO) Market
9.1.5.2.1 Canada Polyethylene Oxide (PEO) Market by Type
9.1.5.2.2 Canada Polyethylene Oxide (PEO) Market by Application
9.1.5.3 Mexico Polyethylene Oxide (PEO) Market
9.1.5.3.1 Mexico Polyethylene Oxide (PEO) Market by Type
9.1.5.3.2 Mexico Polyethylene Oxide (PEO) Market by Application
9.2. EUROPE
9.2.1 Europe Polyethylene Oxide (PEO) Market Overview
9.2.2 Europe Polyethylene Oxide (PEO) Market Forecasts and Analysis
9.2.3 Europe Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Type
9.2.4 Europe Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Application
9.2.5 Europe Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polyethylene Oxide (PEO) Market
9.2.5.1.1 Germany Polyethylene Oxide (PEO) Market by Type
9.2.5.1.2 Germany Polyethylene Oxide (PEO) Market by Application
9.2.5.2 France Polyethylene Oxide (PEO) Market
9.2.5.2.1 France Polyethylene Oxide (PEO) Market by Type
9.2.5.2.2 France Polyethylene Oxide (PEO) Market by Application
9.2.5.3 Italy Polyethylene Oxide (PEO) Market
9.2.5.3.1 Italy Polyethylene Oxide (PEO) Market by Type
9.2.5.3.2 Italy Polyethylene Oxide (PEO) Market by Application
9.2.5.4 United Kingdom Polyethylene Oxide (PEO) Market
9.2.5.4.1 United Kingdom Polyethylene Oxide (PEO) Market by Type
9.2.5.4.2 United Kingdom Polyethylene Oxide (PEO) Market by Application
9.2.5.5 Russia Polyethylene Oxide (PEO) Market
9.2.5.5.1 Russia Polyethylene Oxide (PEO) Market by Type
9.2.5.5.2 Russia Polyethylene Oxide (PEO) Market by Application
9.2.5.6 Rest of Europe Polyethylene Oxide (PEO) Market
9.2.5.6.1 Rest of Europe Polyethylene Oxide (PEO) Market by Type
9.2.5.6.2 Rest of Europe Polyethylene Oxide (PEO) Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polyethylene Oxide (PEO) Market Overview
9.3.2 Asia-Pacific Polyethylene Oxide (PEO) Market Forecasts and Analysis
9.3.3 Asia-Pacific Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polyethylene Oxide (PEO) Market
9.3.5.1.1 Australia Polyethylene Oxide (PEO) Market by Type
9.3.5.1.2 Australia Polyethylene Oxide (PEO) Market by Application
9.3.5.2 China Polyethylene Oxide (PEO) Market
9.3.5.2.1 China Polyethylene Oxide (PEO) Market by Type
9.3.5.2.2 China Polyethylene Oxide (PEO) Market by Application
9.3.5.3 India Polyethylene Oxide (PEO) Market
9.3.5.3.1 India Polyethylene Oxide (PEO) Market by Type
9.3.5.3.2 India Polyethylene Oxide (PEO) Market by Application
9.3.5.4 Japan Polyethylene Oxide (PEO) Market
9.3.5.4.1 Japan Polyethylene Oxide (PEO) Market by Type
9.3.5.4.2 Japan Polyethylene Oxide (PEO) Market by Application
9.3.5.5 South Korea Polyethylene Oxide (PEO) Market
9.3.5.5.1 South Korea Polyethylene Oxide (PEO) Market by Type
9.3.5.5.2 South Korea Polyethylene Oxide (PEO) Market by Application
9.3.5.6 Rest of Asia-Pacific Polyethylene Oxide (PEO) Market
9.3.5.6.1 Rest of Asia-Pacific Polyethylene Oxide (PEO) Market by Type
9.3.5.6.2 Rest of Asia-Pacific Polyethylene Oxide (PEO) Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polyethylene Oxide (PEO) Market Overview
9.4.2 Middle East and Africa Polyethylene Oxide (PEO) Market Forecasts and Analysis
9.4.3 Middle East and Africa Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polyethylene Oxide (PEO) Market
9.4.5.1.1 South Africa Polyethylene Oxide (PEO) Market by Type
9.4.5.1.2 South Africa Polyethylene Oxide (PEO) Market by Application
9.4.5.2 Saudi Arabia Polyethylene Oxide (PEO) Market
9.4.5.2.1 Saudi Arabia Polyethylene Oxide (PEO) Market by Type
9.4.5.2.2 Saudi Arabia Polyethylene Oxide (PEO) Market by Application
9.4.5.3 U.A.E Polyethylene Oxide (PEO) Market
9.4.5.3.1 U.A.E Polyethylene Oxide (PEO) Market by Type
9.4.5.3.2 U.A.E Polyethylene Oxide (PEO) Market by Application
9.4.5.4 Rest of Middle East and Africa Polyethylene Oxide (PEO) Market
9.4.5.4.1 Rest of Middle East and Africa Polyethylene Oxide (PEO) Market by Type
9.4.5.4.2 Rest of Middle East and Africa Polyethylene Oxide (PEO) Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polyethylene Oxide (PEO) Market Overview
9.5.2 South and Central America Polyethylene Oxide (PEO) Market Forecasts and Analysis
9.5.3 South and Central America Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Type
9.5.4 South and Central America Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Application
9.5.5 South and Central America Polyethylene Oxide (PEO) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polyethylene Oxide (PEO) Market
9.5.5.1.1 Brazil Polyethylene Oxide (PEO) Market by Type
9.5.5.1.2 Brazil Polyethylene Oxide (PEO) Market by Application
9.5.5.2 Argentina Polyethylene Oxide (PEO) Market
9.5.5.2.1 Argentina Polyethylene Oxide (PEO) Market by Type
9.5.5.2.2 Argentina Polyethylene Oxide (PEO) Market by Application
9.5.5.3 Rest of South and Central America Polyethylene Oxide (PEO) Market
9.5.5.3.1 Rest of South and Central America Polyethylene Oxide (PEO) Market by Type
9.5.5.3.2 Rest of South and Central America Polyethylene Oxide (PEO) 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. POLYETHYLENE OXIDE (PEO) MARKET, KEY COMPANY PROFILES
11.1. ALFA AESAR
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. ANYANG GENERAL CHEMICAL CO.,LTD.
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. KOWA INDIA PVT.LTD,
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. MEISEI CHEMICAL WORKS, LTD.
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. MERCK KGAA
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. POLYSCIENCES, 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. QINGDAO ECHEMI TECHNOLOGY CO., LTD.
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. SUMITOMO SEIKA CHEMICALS CO.,LTD.
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. THE DOW CHEMICAL COMPANY
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. ZIBO KAIXIN CHEMICAL CO., LTD.
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
1. Alfa Aesar
2. Anyang General Chemical Co.,Ltd.
3. Kowa India Pvt.Ltd,
4. Meisei Chemical Works, Ltd.
5. Merck KGaA
6. Polysciences, Inc
7. Qingdao Echemi Technology Co., Ltd.
8. SUMITOMO SEIKA CHEMICALS CO.,LTD.
9. The Dow Chemical Company
10. Zibo Kaixin Chemical Co., Ltd.
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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