The Polytetrahydrofuran Market is expected to register a CAGR of 6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The polytetrahydrofuran market report is segmented by form (liquid and solid). The market is segmented based on type (petro-based and bio-based). The market is segmented based on application (thermoplastic polyurethane, spandex fibers, copolyester-ether elastomer, and others). The market is segmented based on end-use (paints and coatings, textiles, adhesive and sealants, artificial leather, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Polytetrahydrofuran 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.
Polytetrahydrofuran Market Segmentation
Form- Liquid and Solid
- Petro-Based and Bio-Based
- Thermoplastic Polyurethane
- Spandex Fibers
- Copolyester-ether Elastomer
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Polytetrahydrofuran Market Growth Drivers- Rising Demand for Stretchable Fabrics for Activewear and Sportswear: Polytetrahydrofuran, commonly known as PTMEG, is a key raw material for the production of polyurethane elastomers that mostly include spandex fibers. It is convertible fibers into a man-made textile that is primarily used in the manufacturing of highly stretchable skin-tight garments, such as those worn in activewear, sportswear, or in fashionable styles. Applications tend to focus on the increased demand for stretchy, comfortable, high-performance fabrics in the clothing industry - hence PTMEG is consumed. Thus, advancement in such stretchable as well as durable materials qualities for both fitness and performance has been fuelling growth in that section of PTMEG as a basic ingredient which forms an integral-critical part.
- Expanding Role of PTMEG in Automotive and Construction Sectors: Thus, this development in PTMEG has paralleled the surge in the automotive and construction sectors. In automotive production, polyurethanes are employed for seating, thermal insulation, and also cushioning. Similarly, this polymer is used in coatings and sealants as well as insulation products in the construction industry. The bulk of PTMEG used is a primary resource in high-performance polyurethanes, which are flexible yet prove their durability and resistance to environmental stress as they easily meet the industry's demands. Therefore, with the growing automotive and construction sectors, the need for PTMEG, which is a precursor for the basic production of polyurethanes, will also increase.
- Rising Demand for High-Performance Polyurethanes: That is another strong force that runs beneath the PTMEG. Polyurethanes sourced from PTMEG are having a diversity of applications, and these are mostly utilized in the segment due to the advantage of high bond strength, flexibility, and superior resistance against abrasives and environmental factors. Highly specialized applications on polyurethanes are dependent in adhesives and coatings almost all over the industries, automotive, aerospace, construction, or consumer goods. Expanding these industries worldwide, in addition to the preference for high-performance adhesives and coatings, is forcing the increase in demand for PTMEG.
- Escalating Demand for Bio-Based PTMEG: Bio-based PTMEG production is becoming a real buzz as more and more environmentalists begin to gravitate toward sustainability within industries. This bio-based form of PTMEG, which is derived from renewable raw materials such as plant-based feedstocks, is expected to gain popularity owing to its lower environmental implications in comparison to its conventional petrochemical counterparts. This effort towards sustainability is reflected in the gradual movement towards developing more sustainable production chains to supply the world with greener chemicals and materials, especially from the automotive and textile industries. Increased application will eventually be witnessed as corporations and industries meet the sustainability requirement.
- Rising Demand for High-Performance Polyurethanes: High-performance polyurethanes are among the trends relating to the PTMEG market. These polyurethanes are typically used in more demanding application sectors, such as aerospace, medical devices, and some high-performance automotive parts, and require PTMEG having certain properties, such as higher resilience, durability, and resistance against heat and chemicals. Such properties have high expectations from PTMEG as industries are looking for advanced materials that yield very long-lasting components or parts and making the best use of their energy. Innovations in polyurethanes chemistry and customized PTMEG are expected to encourage the development.
- PTMEG's Role in 3D Printing and Additive Manufacturing: Another growing trend in the PTMEG market is the use of PTMEG in 3D printing and additive manufacturing. 3D parts are increasingly using polyurethane-based materials, including those based on PTMEGs, because of their flexibility, strength, and durability. Demand for PTMEG in applications that are moving to 3D printing will only increase as 3D printing continues to gain traction, especially in the automotive, healthcare, and consumer products areas. The future of PTMEG within the broader additive type manufacturing picture looks very bright when it comes to producing complicated geometries derived from performance materials.
- PTMEG's Role in Medical Device Innovation: The medical sector has a lot of opportunity for PTMEG, especially regarding medical-grade polyurethane manufacture. Such materials find applications in many medical fields such as catheters, wound dressings, and in implantable devices due to their biocompatibility and flexibility but also durability. With the growing demand for healthcare services around the world and ongoing improvements in medical device designs, the conditions for PTMEG have become very amenable for its growing importance in advanced medical material development. Medical-grade polyurethanes are going to experience an increasing trend in demand from the healthcare sector that seeks more versatile and high-performing materials.
- Emerging Markets Propel PTMEG Demand: The countries that form a market for PTMEG are the emergent Asian, Latin American, and African markets. These markets are primarily factors responsible for a rapid process of industrialization and urbanization and hence, the resulting demand for polyurethanes, especially in the automotive and textile sectors. The middle-class population is growing in these countries with an increase in their disposable incomes and better infrastructure, thus augmenting the anticipated demand for PTMEG in spandex fibers, insulation materials, and components of different automotives. Organizations should consider expanding their manufacturing as well as distribution networks in these increasingly growing economies.
- Electric Vehicles Drive PTMEG Demand: There are now increased openings for PTMEG in the automotive field following the frenzy of demand for electric vehicles. That PTMEG-based polyurethane would be used for insulation, seating, and interior vehicle components applies reasoning specifically to electric vehicles. Most importantly reduction in weight is anticipated in typical items, e.g., electric vehicles themselves. Since most manufacturers are looking at improving the reach and efficiency of energy usage, as such, lightweight properties of polyurethanes will know a rise in demand. PTMEG-based components are thought to add a contribution towards building little more durable and greener components for electric vehicles. Hence, the high potential in several growth opportunities for the coming years.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polytetrahydrofuran 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 Polytetrahydrofuran 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
Sustainability and bio-based PTMEG production are expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polytetrahydrofuran market due to the strong growth of the construction industry in the region.
Based on end use, the paints and coatings segment is expected to witness the fastest growth during the forecast period.
Rising demand in the production of spandex and polyurethane are driving the market growth.
BASF SE, Dairen Chemical Corp, Mitsubishi Chemical Holdings, Hyosung Chemical, Muby Chemicals, Merck KGaA, Ashland Inc, Arpadis, Formosa Asahi Spandex, and Shanxi Sanwei Group are the key players operating in the polytetrahydrofuran market.
The Polytetrahydrofuran Market is estimated to witness a CAGR of 6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polytetrahydrofuran Market - By Type
1.3.2 Polytetrahydrofuran Market - By Application
1.3.3 Polytetrahydrofuran Market - By End-Use
1.3.4 Polytetrahydrofuran Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYTETRAHYDROFURAN 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. POLYTETRAHYDROFURAN 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. POLYTETRAHYDROFURAN MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYTETRAHYDROFURAN - GLOBAL MARKET OVERVIEW
6.2. POLYTETRAHYDROFURAN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYTETRAHYDROFURAN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PETRO BASED POLY THF
7.3.1. Overview
7.3.2. Petro based Poly THF Market Forecast and Analysis
7.4. BIO BASED POLY THF
7.4.1. Overview
7.4.2. Bio based Poly THF Market Forecast and Analysis
8. POLYTETRAHYDROFURAN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SPANDEX FIBER
8.3.1. Overview
8.3.2. Spandex Fiber Market Forecast and Analysis
8.4. POLYURETHANE
8.4.1. Overview
8.4.2. Polyurethane Market Forecast and Analysis
8.5. CO-POLYESTER-ETHER ELASTOMER
8.5.1. Overview
8.5.2. Co-polyester-ether Elastomer Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. POLYTETRAHYDROFURAN MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. PAINTS AND COATINGS
9.3.1. Overview
9.3.2. Paints and Coatings Market Forecast and Analysis
9.4. TEXTILES
9.4.1. Overview
9.4.2. Textiles Market Forecast and Analysis
9.5. ADHESIVES AND SEALANTS
9.5.1. Overview
9.5.2. Adhesives and Sealants Market Forecast and Analysis
9.6. ARTIFICIAL LEATHER
9.6.1. Overview
9.6.2. Artificial Leather Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. POLYTETRAHYDROFURAN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polytetrahydrofuran Market Overview
10.1.2 North America Polytetrahydrofuran Market Forecasts and Analysis
10.1.3 North America Polytetrahydrofuran Market Forecasts and Analysis - By Type
10.1.4 North America Polytetrahydrofuran Market Forecasts and Analysis - By Application
10.1.5 North America Polytetrahydrofuran Market Forecasts and Analysis - By End-Use
10.1.6 North America Polytetrahydrofuran Market Forecasts and Analysis - By Countries
10.1.6.1 United States Polytetrahydrofuran Market
10.1.6.1.1 United States Polytetrahydrofuran Market by Type
10.1.6.1.2 United States Polytetrahydrofuran Market by Application
10.1.6.1.3 United States Polytetrahydrofuran Market by End-Use
10.1.6.2 Canada Polytetrahydrofuran Market
10.1.6.2.1 Canada Polytetrahydrofuran Market by Type
10.1.6.2.2 Canada Polytetrahydrofuran Market by Application
10.1.6.2.3 Canada Polytetrahydrofuran Market by End-Use
10.1.6.3 Mexico Polytetrahydrofuran Market
10.1.6.3.1 Mexico Polytetrahydrofuran Market by Type
10.1.6.3.2 Mexico Polytetrahydrofuran Market by Application
10.1.6.3.3 Mexico Polytetrahydrofuran Market by End-Use
10.2. EUROPE
10.2.1 Europe Polytetrahydrofuran Market Overview
10.2.2 Europe Polytetrahydrofuran Market Forecasts and Analysis
10.2.3 Europe Polytetrahydrofuran Market Forecasts and Analysis - By Type
10.2.4 Europe Polytetrahydrofuran Market Forecasts and Analysis - By Application
10.2.5 Europe Polytetrahydrofuran Market Forecasts and Analysis - By End-Use
10.2.6 Europe Polytetrahydrofuran Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polytetrahydrofuran Market
10.2.6.1.1 Germany Polytetrahydrofuran Market by Type
10.2.6.1.2 Germany Polytetrahydrofuran Market by Application
10.2.6.1.3 Germany Polytetrahydrofuran Market by End-Use
10.2.6.2 France Polytetrahydrofuran Market
10.2.6.2.1 France Polytetrahydrofuran Market by Type
10.2.6.2.2 France Polytetrahydrofuran Market by Application
10.2.6.2.3 France Polytetrahydrofuran Market by End-Use
10.2.6.3 Italy Polytetrahydrofuran Market
10.2.6.3.1 Italy Polytetrahydrofuran Market by Type
10.2.6.3.2 Italy Polytetrahydrofuran Market by Application
10.2.6.3.3 Italy Polytetrahydrofuran Market by End-Use
10.2.6.4 Spain Polytetrahydrofuran Market
10.2.6.4.1 Spain Polytetrahydrofuran Market by Type
10.2.6.4.2 Spain Polytetrahydrofuran Market by Application
10.2.6.4.3 Spain Polytetrahydrofuran Market by End-Use
10.2.6.5 Russia Polytetrahydrofuran Market
10.2.6.5.1 Russia Polytetrahydrofuran Market by Type
10.2.6.5.2 Russia Polytetrahydrofuran Market by Application
10.2.6.5.3 Russia Polytetrahydrofuran Market by End-Use
10.2.6.6 Rest of Europe Polytetrahydrofuran Market
10.2.6.6.1 Rest of Europe Polytetrahydrofuran Market by Type
10.2.6.6.2 Rest of Europe Polytetrahydrofuran Market by Application
10.2.6.6.3 Rest of Europe Polytetrahydrofuran Market by End-Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polytetrahydrofuran Market Overview
10.3.2 Asia-Pacific Polytetrahydrofuran Market Forecasts and Analysis
10.3.3 Asia-Pacific Polytetrahydrofuran Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Polytetrahydrofuran Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Polytetrahydrofuran Market Forecasts and Analysis - By End-Use
10.3.6 Asia-Pacific Polytetrahydrofuran Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polytetrahydrofuran Market
10.3.6.1.1 Australia Polytetrahydrofuran Market by Type
10.3.6.1.2 Australia Polytetrahydrofuran Market by Application
10.3.6.1.3 Australia Polytetrahydrofuran Market by End-Use
10.3.6.2 China Polytetrahydrofuran Market
10.3.6.2.1 China Polytetrahydrofuran Market by Type
10.3.6.2.2 China Polytetrahydrofuran Market by Application
10.3.6.2.3 China Polytetrahydrofuran Market by End-Use
10.3.6.3 India Polytetrahydrofuran Market
10.3.6.3.1 India Polytetrahydrofuran Market by Type
10.3.6.3.2 India Polytetrahydrofuran Market by Application
10.3.6.3.3 India Polytetrahydrofuran Market by End-Use
10.3.6.4 Japan Polytetrahydrofuran Market
10.3.6.4.1 Japan Polytetrahydrofuran Market by Type
10.3.6.4.2 Japan Polytetrahydrofuran Market by Application
10.3.6.4.3 Japan Polytetrahydrofuran Market by End-Use
10.3.6.5 South Korea Polytetrahydrofuran Market
10.3.6.5.1 South Korea Polytetrahydrofuran Market by Type
10.3.6.5.2 South Korea Polytetrahydrofuran Market by Application
10.3.6.5.3 South Korea Polytetrahydrofuran Market by End-Use
10.3.6.6 Rest of Asia-Pacific Polytetrahydrofuran Market
10.3.6.6.1 Rest of Asia-Pacific Polytetrahydrofuran Market by Type
10.3.6.6.2 Rest of Asia-Pacific Polytetrahydrofuran Market by Application
10.3.6.6.3 Rest of Asia-Pacific Polytetrahydrofuran Market by End-Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polytetrahydrofuran Market Overview
10.4.2 Middle East and Africa Polytetrahydrofuran Market Forecasts and Analysis
10.4.3 Middle East and Africa Polytetrahydrofuran Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Polytetrahydrofuran Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Polytetrahydrofuran Market Forecasts and Analysis - By End-Use
10.4.6 Middle East and Africa Polytetrahydrofuran Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polytetrahydrofuran Market
10.4.6.1.1 South Africa Polytetrahydrofuran Market by Type
10.4.6.1.2 South Africa Polytetrahydrofuran Market by Application
10.4.6.1.3 South Africa Polytetrahydrofuran Market by End-Use
10.4.6.2 Saudi Arabia Polytetrahydrofuran Market
10.4.6.2.1 Saudi Arabia Polytetrahydrofuran Market by Type
10.4.6.2.2 Saudi Arabia Polytetrahydrofuran Market by Application
10.4.6.2.3 Saudi Arabia Polytetrahydrofuran Market by End-Use
10.4.6.3 U.A.E Polytetrahydrofuran Market
10.4.6.3.1 U.A.E Polytetrahydrofuran Market by Type
10.4.6.3.2 U.A.E Polytetrahydrofuran Market by Application
10.4.6.3.3 U.A.E Polytetrahydrofuran Market by End-Use
10.4.6.4 Rest of Middle East and Africa Polytetrahydrofuran Market
10.4.6.4.1 Rest of Middle East and Africa Polytetrahydrofuran Market by Type
10.4.6.4.2 Rest of Middle East and Africa Polytetrahydrofuran Market by Application
10.4.6.4.3 Rest of Middle East and Africa Polytetrahydrofuran Market by End-Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polytetrahydrofuran Market Overview
10.5.2 South and Central America Polytetrahydrofuran Market Forecasts and Analysis
10.5.3 South and Central America Polytetrahydrofuran Market Forecasts and Analysis - By Type
10.5.4 South and Central America Polytetrahydrofuran Market Forecasts and Analysis - By Application
10.5.5 South and Central America Polytetrahydrofuran Market Forecasts and Analysis - By End-Use
10.5.6 South and Central America Polytetrahydrofuran Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polytetrahydrofuran Market
10.5.6.1.1 Brazil Polytetrahydrofuran Market by Type
10.5.6.1.2 Brazil Polytetrahydrofuran Market by Application
10.5.6.1.3 Brazil Polytetrahydrofuran Market by End-Use
10.5.6.2 Argentina Polytetrahydrofuran Market
10.5.6.2.1 Argentina Polytetrahydrofuran Market by Type
10.5.6.2.2 Argentina Polytetrahydrofuran Market by Application
10.5.6.2.3 Argentina Polytetrahydrofuran Market by End-Use
10.5.6.3 Rest of South and Central America Polytetrahydrofuran Market
10.5.6.3.1 Rest of South and Central America Polytetrahydrofuran Market by Type
10.5.6.3.2 Rest of South and Central America Polytetrahydrofuran Market by Application
10.5.6.3.3 Rest of South and Central America Polytetrahydrofuran Market by End-Use
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. POLYTETRAHYDROFURAN MARKET, KEY COMPANY PROFILES
12.1. BASF SE
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. DAIRENCHEMICALCORPORATION(DCC)
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. MITSUBISHI CHEMICALS
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. ASHLAND INC.
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. KOREA PT CO., LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. SHANXI SANWEI GROUP CO., LTD.
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. FORMOSA ASAHI SPANDEX
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. HYOSUNG CHEMICAL FIBER
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. SANLONG NEW MATERIALS
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.BASF SE
2.DairenChemicalCorporation(DCC)
3.Mitsubishi Chemicals
4.Ashland Inc.
5.Korea PT Co., Ltd.
6.Shanxi Sanwei Group Co., Ltd.
7.Formosa Asahi Spandex
8.Hyosung Chemical Fiber
9.Sanlong New Materials
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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