PU sole Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: PU Sole (Footwear Polyurethane) Market covers analysis By Raw Material (MDI (Methylene Diphenyl Diisocyanate), TDI (toluene Diphenyl Diisocyanate), Polyols); Footwear Type (Leisure, Work and Safety, Slippers and Sandals, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005342
  • Category : Chemicals and Materials
  • No. of Pages : 150
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PU Sole (Footwear Polyurethane) Market Dynamics 2021-2031

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MARKET INTRODUCTION
Polyurethanes are thermosetting polymers, which can't be melted when they are exposed to the heat. Polyurethanes are being formed by the reaction between isocyanate and polyols system. Polyurethane widely used in footwear, polyurethane shoes can be manufactured at a lower cost. Polyurethane provides durability, comfortability, and lightweight to the footwear. Sole made by polyurethane are abrasion-free. Polyurethane sole can be attached to the body of the footwear, which can give ease to the different designs. Process of application of polyurethane sole can be differ based on the footwear design such as work and safety, slippers, sandals, and others.

MARKET DYNAMICS
PU sole (footwear polyurethane) market will grow significantly in the forecasted period due to the driving factors such as increasing demand for lightweight, comfortable, and designer footwear in the market. Tough competitive environment among footwear brand will further entice the demand of PU sole market. Predominantly, concerns related to the health issue due to the use of polyurethane in footwear could hamper the PU sole (footwear polyurethane) market. However, rapidly changing fashion trends will create an opportunity for the PU sole (footwear polyurethane) market.

MARKET SCOPE
The "PU Sole (Footwear Polyurethane) Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the PU sole (footwear polyurethane) Market with detailed market segmentation by raw material, footwear type and region. The PU sole (footwear polyurethane) Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading PU sole (footwear polyurethane) Market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The PU sole (footwear polyurethane) Market is segmented on the basis of raw material, footwear type. On the basis of raw material, the PU sole (footwear polyurethane) Market is segmented into, MDI (methylene diphenyl diisocyanate), TDI (toluene diphenyl diisocyanate), polyols. On the basis of end-user industry, the PU sole (footwear polyurethane) Market is segmented into, leisure, work and safety, slippers & sandals, 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 PU sole (footwear polyurethane) Market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The PU sole (footwear polyurethane) 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 PU sole (footwear polyurethane) Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 PU sole (footwear polyurethane) Market in these regions.

World Geography

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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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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the PU sole (footwear polyurethane) Market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The PU sole (footwear polyurethane) 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 PU sole (footwear polyurethane) Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 PU sole (footwear polyurethane) Market in these regions.

MARKET PLAYERS
The reports cover key developments in the PU sole (footwear polyurethane) 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from PU sole (footwear polyurethane) market are anticipated to lucrative growth opportunities in the future with the rising demand for PU sole (footwear polyurethane) in the global market. Below mentioned is the list of few companies engaged in the PU sole (footwear polyurethane) market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the PU sole (footwear polyurethane) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  • BASF SE
  • Coim Group
  • Covestro
  • Dowdupont
  • Huntsman
  • Inoac Corporation
  • Lanxess
  • Lubrizol
  • Manali Petrochemicals
  • Wanhua Chemical Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
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 PU Sole (footwear Polyurethane) Market - By Raw material
1.3.2 PU Sole (footwear Polyurethane) Market - By Footwear type
1.3.3 PU Sole (footwear Polyurethane) Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PU SOLE (FOOTWEAR POLYURETHANE) 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. PU SOLE (FOOTWEAR POLYURETHANE) 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. PU SOLE (FOOTWEAR POLYURETHANE) MARKET - GLOBAL MARKET ANALYSIS
6.1. PU SOLE (FOOTWEAR POLYURETHANE) - GLOBAL MARKET OVERVIEW
6.2. PU SOLE (FOOTWEAR POLYURETHANE) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. PU SOLE (FOOTWEAR POLYURETHANE) MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1. OVERVIEW
7.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. MDI (METHYLENE DIPHENYL DIISOCYANATE)
7.3.1. Overview
7.3.2. MDI (Methylene Diphenyl Diisocyanate) Market Forecast and Analysis
7.4. TDI (TOLUENE DIPHENYL DIISOCYANATE)
7.4.1. Overview
7.4.2. TDI (Toluene Diphenyl Diisocyanate) Market Forecast and Analysis
7.5. POLYOLS
7.5.1. Overview
7.5.2. Polyols Market Forecast and Analysis
8. PU SOLE (FOOTWEAR POLYURETHANE) MARKET - REVENUE AND FORECASTS TO 2028 - FOOTWEAR TYPE
8.1. OVERVIEW
8.2. FOOTWEAR TYPE MARKET FORECASTS AND ANALYSIS
8.3. LEISURE
8.3.1. Overview
8.3.2. Leisure Market Forecast and Analysis
8.4. WORK AND SAFETY
8.4.1. Overview
8.4.2. Work and Safety Market Forecast and Analysis
8.5. SLIPPERS AND SANDALS
8.5.1. Overview
8.5.2. Slippers and Sandals Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. PU SOLE (FOOTWEAR POLYURETHANE) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America PU Sole (footwear Polyurethane) Market Overview
9.1.2 North America PU Sole (footwear Polyurethane) Market Forecasts and Analysis
9.1.3 North America PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Raw material
9.1.4 North America PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Footwear type
9.1.5 North America PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Countries
9.1.5.1 Canada PU Sole (footwear Polyurethane) Market
9.1.5.1.1 Canada PU Sole (footwear Polyurethane) Market by Raw material
9.1.5.1.2 Canada PU Sole (footwear Polyurethane) Market by Footwear type
9.1.5.2 Mexico PU Sole (footwear Polyurethane) Market
9.1.5.2.1 Mexico PU Sole (footwear Polyurethane) Market by Raw material
9.1.5.2.2 Mexico PU Sole (footwear Polyurethane) Market by Footwear type
9.1.5.3 US PU Sole (footwear Polyurethane) Market
9.1.5.3.1 US PU Sole (footwear Polyurethane) Market by Raw material
9.1.5.3.2 US PU Sole (footwear Polyurethane) Market by Footwear type
9.2. EUROPE
9.2.1 Europe PU Sole (footwear Polyurethane) Market Overview
9.2.2 Europe PU Sole (footwear Polyurethane) Market Forecasts and Analysis
9.2.3 Europe PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Raw material
9.2.4 Europe PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Footwear type
9.2.5 Europe PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany PU Sole (footwear Polyurethane) Market
9.2.5.1.1 Germany PU Sole (footwear Polyurethane) Market by Raw material
9.2.5.1.2 Germany PU Sole (footwear Polyurethane) Market by Footwear type
9.2.5.2 France PU Sole (footwear Polyurethane) Market
9.2.5.2.1 France PU Sole (footwear Polyurethane) Market by Raw material
9.2.5.2.2 France PU Sole (footwear Polyurethane) Market by Footwear type
9.2.5.3 Italy PU Sole (footwear Polyurethane) Market
9.2.5.3.1 Italy PU Sole (footwear Polyurethane) Market by Raw material
9.2.5.3.2 Italy PU Sole (footwear Polyurethane) Market by Footwear type
9.2.5.4 United Kingdom PU Sole (footwear Polyurethane) Market
9.2.5.4.1 United Kingdom PU Sole (footwear Polyurethane) Market by Raw material
9.2.5.4.2 United Kingdom PU Sole (footwear Polyurethane) Market by Footwear type
9.2.5.5 Russia PU Sole (footwear Polyurethane) Market
9.2.5.5.1 Russia PU Sole (footwear Polyurethane) Market by Raw material
9.2.5.5.2 Russia PU Sole (footwear Polyurethane) Market by Footwear type
9.2.5.6 Rest of Europe PU Sole (footwear Polyurethane) Market
9.2.5.6.1 Rest of Europe PU Sole (footwear Polyurethane) Market by Raw material
9.2.5.6.2 Rest of Europe PU Sole (footwear Polyurethane) Market by Footwear type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific PU Sole (footwear Polyurethane) Market Overview
9.3.2 Asia-Pacific PU Sole (footwear Polyurethane) Market Forecasts and Analysis
9.3.3 Asia-Pacific PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Raw material
9.3.4 Asia-Pacific PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Footwear type
9.3.5 Asia-Pacific PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia PU Sole (footwear Polyurethane) Market
9.3.5.1.1 Australia PU Sole (footwear Polyurethane) Market by Raw material
9.3.5.1.2 Australia PU Sole (footwear Polyurethane) Market by Footwear type
9.3.5.2 China PU Sole (footwear Polyurethane) Market
9.3.5.2.1 China PU Sole (footwear Polyurethane) Market by Raw material
9.3.5.2.2 China PU Sole (footwear Polyurethane) Market by Footwear type
9.3.5.3 India PU Sole (footwear Polyurethane) Market
9.3.5.3.1 India PU Sole (footwear Polyurethane) Market by Raw material
9.3.5.3.2 India PU Sole (footwear Polyurethane) Market by Footwear type
9.3.5.4 Japan PU Sole (footwear Polyurethane) Market
9.3.5.4.1 Japan PU Sole (footwear Polyurethane) Market by Raw material
9.3.5.4.2 Japan PU Sole (footwear Polyurethane) Market by Footwear type
9.3.5.5 South Korea PU Sole (footwear Polyurethane) Market
9.3.5.5.1 South Korea PU Sole (footwear Polyurethane) Market by Raw material
9.3.5.5.2 South Korea PU Sole (footwear Polyurethane) Market by Footwear type
9.3.5.6 Rest of Asia-Pacific PU Sole (footwear Polyurethane) Market
9.3.5.6.1 Rest of Asia-Pacific PU Sole (footwear Polyurethane) Market by Raw material
9.3.5.6.2 Rest of Asia-Pacific PU Sole (footwear Polyurethane) Market by Footwear type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa PU Sole (footwear Polyurethane) Market Overview
9.4.2 Middle East and Africa PU Sole (footwear Polyurethane) Market Forecasts and Analysis
9.4.3 Middle East and Africa PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Raw material
9.4.4 Middle East and Africa PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Footwear type
9.4.5 Middle East and Africa PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa PU Sole (footwear Polyurethane) Market
9.4.5.1.1 South Africa PU Sole (footwear Polyurethane) Market by Raw material
9.4.5.1.2 South Africa PU Sole (footwear Polyurethane) Market by Footwear type
9.4.5.2 Saudi Arabia PU Sole (footwear Polyurethane) Market
9.4.5.2.1 Saudi Arabia PU Sole (footwear Polyurethane) Market by Raw material
9.4.5.2.2 Saudi Arabia PU Sole (footwear Polyurethane) Market by Footwear type
9.4.5.3 U.A.E PU Sole (footwear Polyurethane) Market
9.4.5.3.1 U.A.E PU Sole (footwear Polyurethane) Market by Raw material
9.4.5.3.2 U.A.E PU Sole (footwear Polyurethane) Market by Footwear type
9.4.5.4 Rest of Middle East and Africa PU Sole (footwear Polyurethane) Market
9.4.5.4.1 Rest of Middle East and Africa PU Sole (footwear Polyurethane) Market by Raw material
9.4.5.4.2 Rest of Middle East and Africa PU Sole (footwear Polyurethane) Market by Footwear type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America PU Sole (footwear Polyurethane) Market Overview
9.5.2 South and Central America PU Sole (footwear Polyurethane) Market Forecasts and Analysis
9.5.3 South and Central America PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Raw material
9.5.4 South and Central America PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Footwear type
9.5.5 South and Central America PU Sole (footwear Polyurethane) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil PU Sole (footwear Polyurethane) Market
9.5.5.1.1 Brazil PU Sole (footwear Polyurethane) Market by Raw material
9.5.5.1.2 Brazil PU Sole (footwear Polyurethane) Market by Footwear type
9.5.5.2 Argentina PU Sole (footwear Polyurethane) Market
9.5.5.2.1 Argentina PU Sole (footwear Polyurethane) Market by Raw material
9.5.5.2.2 Argentina PU Sole (footwear Polyurethane) Market by Footwear type
9.5.5.3 Rest of South and Central America PU Sole (footwear Polyurethane) Market
9.5.5.3.1 Rest of South and Central America PU Sole (footwear Polyurethane) Market by Raw material
9.5.5.3.2 Rest of South and Central America PU Sole (footwear Polyurethane) Market by Footwear type

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. PU SOLE (FOOTWEAR POLYURETHANE) MARKET, KEY COMPANY PROFILES
11.1. BASF SE
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. COIM GROUP
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. COVESTRO
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. DOWDUPONT
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. HUNTSMAN
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. INOAC CORPORATION
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. LANXESS
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. LUBRIZOL
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. MANALI PETROCHEMICALS
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. WANHUA CHEMICAL GROUP
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. BASF SE
2. Coim Group
3. Covestro
4. Dowdupont
5. Huntsman
6. Inoac Corporation
7. Lanxess
8. Lubrizol
9. Manali Petrochemicals
10. Wanhua Chemical Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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