Superabsorbent Polymers Market Growth Report 2021 to 2031
The Superabsorbent Polymers Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by type (sodium polyacrylate, polyacrylate/polyacrylamide copolymer, ethylene maleic anhydride copolymer, polysaccharides), grade (agricultural grade, industrial grade, hygiene grade), manufacturing process (suspension polymerization, solution polymerization, gel polymerization). The report further presents analysis based on application (personal hygiene, agriculture, medical, industrial, others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The report offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Superabsorbent Polymers 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.
Superabsorbent Polymers Market Segmentation
Type- Sodium Polyacrylate
- Polyacrylate/Polyacrylamide Copolymer
- Ethylene Maleic Anhydride Copolymer
- Polysaccharides
- Agricultural Grade
- Industrial Grade
- Hygiene Grade
Strategic Insights
Superabsorbent Polymers Market Growth Drivers- Increasing Demand in Personal Hygiene Products: The growing use of superabsorbent polymers (SAP) in diapers, adult incontinence products, and feminine hygiene items is a major driver of the market. As consumer awareness of hygiene and comfort increases, the demand for SAPs in these products continues to rise globally.
- Growth in the Agricultural Sector: SAPs are increasingly being utilized in agriculture to improve water retention in soil, reducing the need for frequent irrigation. As water scarcity becomes a growing concern, SAPs offer a sustainable solution, driving market demand in the agriculture sector for efficient water management and improved crop yields.
- Rising Healthcare and Medical Applications: Superabsorbent polymers are gaining traction in the healthcare and medical industries, especially in wound care and surgical dressings. Their ability to absorb large amounts of fluids and maintain a moist environment is driving demand for SAPs in medical products, contributing to the market's expansion.
- Sustainable and Biodegradable SAPs: A growing trend in the superabsorbent polymers market is the development of sustainable and biodegradable alternatives. Manufacturers are focusing on creating eco-friendly SAPs from renewable resources, reducing environmental impact and responding to the increasing demand for green, sustainable products in personal hygiene and agricultural sectors.
- Technological Advancements in SAP Efficiency: The market is witnessing technological innovations aimed at improving the absorption capacity and efficiency of superabsorbent polymers. Enhanced SAP formulations, which absorb more liquid per gram, are being developed, enabling better performance in hygiene products, agriculture, and medical applications, thereby driving market growth.
- Expansion in Emerging Markets: The demand for superabsorbent polymers is increasing in emerging markets, driven by rapid urbanization, growing awareness of hygiene, and improving living standards. Countries in Asia-Pacific, Africa, and Latin America are expected to contribute significantly to market growth as the need for hygiene products and agricultural solutions rises in these regions.
- Expansion in Adult Incontinence Products: The aging population globally presents an opportunity for the superabsorbent polymers market, particularly in the adult incontinence product sector. With increased demand for products like adult diapers and pads, SAPs play a critical role in offering comfort and absorbency, creating growth opportunities in healthcare.
- Advancements in Agricultural Applications: Superabsorbent polymers present significant opportunities in agriculture, especially in water-scarce regions. Their use in soil to retain moisture is vital for improving crop yields, reducing water usage, and enhancing drought resilience. This presents growth potential as agriculture seeks sustainable solutions to tackle climate change and water scarcity challenges.
- Increased Use in Wound Care: The superabsorbent polymers market can expand with increasing demand for advanced wound care products. SAPs are increasingly used in wound dressings and surgical products due to their ability to manage exudates effectively, creating new opportunities in the healthcare sector, particularly in treating chronic and surgical wounds.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Superabsorbent Polymers 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 Superabsorbent Polymers 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
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Based on geography, North America held the largest share of the superabsorbent polymer market.
The rising global demand for hygiene products such as diapers, adult incontinence products, and feminine hygiene items is a key driver for the super absorbent polymer (SAP) market.
On the basis of geography, the super absorbent polymer market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
BASF SE, Evonik Industries, Formosa Plastics Group, Kao Corporation, LG Chem, LTD, Nippon Shokubai, Satellite Science and Technology Co., LTD, SDP Global Co., LTD., Sumitomo Seika Chemicals Company, LTD, Yixing Danson Technology are the key players operating in the superabsorbent polymer market.
The Superabsorbent Polymers 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 Superabsorbent Polymers Market - By Type
1.3.2 Superabsorbent Polymers Market - By Grade
1.3.3 Superabsorbent Polymers Market - By Manufacturing Process
1.3.4 Superabsorbent Polymers Market - By Application
1.3.5 Superabsorbent Polymers Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUPERABSORBENT POLYMERS 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. SUPERABSORBENT POLYMERS 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. SUPERABSORBENT POLYMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. SUPERABSORBENT POLYMERS - GLOBAL MARKET OVERVIEW
6.2. SUPERABSORBENT POLYMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SUPERABSORBENT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SODIUM POLYACRYLATE
7.3.1. Overview
7.3.2. Sodium Polyacrylate Market Forecast and Analysis
7.4. POLYACRYLATE/POLYACRYLAMIDE COPOLYMER
7.4.1. Overview
7.4.2. Polyacrylate/Polyacrylamide Copolymer Market Forecast and Analysis
7.5. ETHYLENE MALEIC ANHYDRIDE COPOLYMER
7.5.1. Overview
7.5.2. Ethylene Maleic Anhydride Copolymer Market Forecast and Analysis
7.6. POLYSACCHARIDES
7.6.1. Overview
7.6.2. Polysaccharides Market Forecast and Analysis
8. SUPERABSORBENT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
8.1. OVERVIEW
8.2. GRADE MARKET FORECASTS AND ANALYSIS
8.3. AGRICULTURAL GRADE
8.3.1. Overview
8.3.2. Agricultural Grade Market Forecast and Analysis
8.4. INDUSTRIAL GRADE
8.4.1. Overview
8.4.2. Industrial Grade Market Forecast and Analysis
8.5. HYGIENE GRADE
8.5.1. Overview
8.5.2. Hygiene Grade Market Forecast and Analysis
9. SUPERABSORBENT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - MANUFACTURING PROCESS
9.1. OVERVIEW
9.2. MANUFACTURING PROCESS MARKET FORECASTS AND ANALYSIS
9.3. SUSPENSION POLYMERIZATION
9.3.1. Overview
9.3.2. Suspension Polymerization Market Forecast and Analysis
9.4. SOLUTION POLYMERIZATION
9.4.1. Overview
9.4.2. Solution Polymerization Market Forecast and Analysis
9.5. GEL POLYMERIZATION
9.5.1. Overview
9.5.2. Gel Polymerization Market Forecast and Analysis
10. SUPERABSORBENT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. PERSONAL HYGIENE
10.3.1. Overview
10.3.2. Personal Hygiene Market Forecast and Analysis
10.4. AGRICULTURE
10.4.1. Overview
10.4.2. Agriculture Market Forecast and Analysis
10.5. MEDICAL
10.5.1. Overview
10.5.2. Medical Market Forecast and Analysis
10.6. INDUSTRIAL
10.6.1. Overview
10.6.2. Industrial Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. SUPERABSORBENT POLYMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Superabsorbent Polymers Market Overview
11.1.2 North America Superabsorbent Polymers Market Forecasts and Analysis
11.1.3 North America Superabsorbent Polymers Market Forecasts and Analysis - By Type
11.1.4 North America Superabsorbent Polymers Market Forecasts and Analysis - By Grade
11.1.5 North America Superabsorbent Polymers Market Forecasts and Analysis - By Manufacturing Process
11.1.6 North America Superabsorbent Polymers Market Forecasts and Analysis - By Application
11.1.7 North America Superabsorbent Polymers Market Forecasts and Analysis - By Countries
11.1.7.1 United States Superabsorbent Polymers Market
11.1.7.1.1 United States Superabsorbent Polymers Market by Type
11.1.7.1.2 United States Superabsorbent Polymers Market by Grade
11.1.7.1.3 United States Superabsorbent Polymers Market by Manufacturing Process
11.1.7.1.4 United States Superabsorbent Polymers Market by Application
11.1.7.2 Canada Superabsorbent Polymers Market
11.1.7.2.1 Canada Superabsorbent Polymers Market by Type
11.1.7.2.2 Canada Superabsorbent Polymers Market by Grade
11.1.7.2.3 Canada Superabsorbent Polymers Market by Manufacturing Process
11.1.7.2.4 Canada Superabsorbent Polymers Market by Application
11.1.7.3 Mexico Superabsorbent Polymers Market
11.1.7.3.1 Mexico Superabsorbent Polymers Market by Type
11.1.7.3.2 Mexico Superabsorbent Polymers Market by Grade
11.1.7.3.3 Mexico Superabsorbent Polymers Market by Manufacturing Process
11.1.7.3.4 Mexico Superabsorbent Polymers Market by Application
11.2. EUROPE
11.2.1 Europe Superabsorbent Polymers Market Overview
11.2.2 Europe Superabsorbent Polymers Market Forecasts and Analysis
11.2.3 Europe Superabsorbent Polymers Market Forecasts and Analysis - By Type
11.2.4 Europe Superabsorbent Polymers Market Forecasts and Analysis - By Grade
11.2.5 Europe Superabsorbent Polymers Market Forecasts and Analysis - By Manufacturing Process
11.2.6 Europe Superabsorbent Polymers Market Forecasts and Analysis - By Application
11.2.7 Europe Superabsorbent Polymers Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Superabsorbent Polymers Market
11.2.7.1.1 Germany Superabsorbent Polymers Market by Type
11.2.7.1.2 Germany Superabsorbent Polymers Market by Grade
11.2.7.1.3 Germany Superabsorbent Polymers Market by Manufacturing Process
11.2.7.1.4 Germany Superabsorbent Polymers Market by Application
11.2.7.2 France Superabsorbent Polymers Market
11.2.7.2.1 France Superabsorbent Polymers Market by Type
11.2.7.2.2 France Superabsorbent Polymers Market by Grade
11.2.7.2.3 France Superabsorbent Polymers Market by Manufacturing Process
11.2.7.2.4 France Superabsorbent Polymers Market by Application
11.2.7.3 Italy Superabsorbent Polymers Market
11.2.7.3.1 Italy Superabsorbent Polymers Market by Type
11.2.7.3.2 Italy Superabsorbent Polymers Market by Grade
11.2.7.3.3 Italy Superabsorbent Polymers Market by Manufacturing Process
11.2.7.3.4 Italy Superabsorbent Polymers Market by Application
11.2.7.4 United Kingdom Superabsorbent Polymers Market
11.2.7.4.1 United Kingdom Superabsorbent Polymers Market by Type
11.2.7.4.2 United Kingdom Superabsorbent Polymers Market by Grade
11.2.7.4.3 United Kingdom Superabsorbent Polymers Market by Manufacturing Process
11.2.7.4.4 United Kingdom Superabsorbent Polymers Market by Application
11.2.7.5 Russia Superabsorbent Polymers Market
11.2.7.5.1 Russia Superabsorbent Polymers Market by Type
11.2.7.5.2 Russia Superabsorbent Polymers Market by Grade
11.2.7.5.3 Russia Superabsorbent Polymers Market by Manufacturing Process
11.2.7.5.4 Russia Superabsorbent Polymers Market by Application
11.2.7.6 Rest of Europe Superabsorbent Polymers Market
11.2.7.6.1 Rest of Europe Superabsorbent Polymers Market by Type
11.2.7.6.2 Rest of Europe Superabsorbent Polymers Market by Grade
11.2.7.6.3 Rest of Europe Superabsorbent Polymers Market by Manufacturing Process
11.2.7.6.4 Rest of Europe Superabsorbent Polymers Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Superabsorbent Polymers Market Overview
11.3.2 Asia-Pacific Superabsorbent Polymers Market Forecasts and Analysis
11.3.3 Asia-Pacific Superabsorbent Polymers Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Superabsorbent Polymers Market Forecasts and Analysis - By Grade
11.3.5 Asia-Pacific Superabsorbent Polymers Market Forecasts and Analysis - By Manufacturing Process
11.3.6 Asia-Pacific Superabsorbent Polymers Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Superabsorbent Polymers Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Superabsorbent Polymers Market
11.3.7.1.1 Australia Superabsorbent Polymers Market by Type
11.3.7.1.2 Australia Superabsorbent Polymers Market by Grade
11.3.7.1.3 Australia Superabsorbent Polymers Market by Manufacturing Process
11.3.7.1.4 Australia Superabsorbent Polymers Market by Application
11.3.7.2 China Superabsorbent Polymers Market
11.3.7.2.1 China Superabsorbent Polymers Market by Type
11.3.7.2.2 China Superabsorbent Polymers Market by Grade
11.3.7.2.3 China Superabsorbent Polymers Market by Manufacturing Process
11.3.7.2.4 China Superabsorbent Polymers Market by Application
11.3.7.3 India Superabsorbent Polymers Market
11.3.7.3.1 India Superabsorbent Polymers Market by Type
11.3.7.3.2 India Superabsorbent Polymers Market by Grade
11.3.7.3.3 India Superabsorbent Polymers Market by Manufacturing Process
11.3.7.3.4 India Superabsorbent Polymers Market by Application
11.3.7.4 Japan Superabsorbent Polymers Market
11.3.7.4.1 Japan Superabsorbent Polymers Market by Type
11.3.7.4.2 Japan Superabsorbent Polymers Market by Grade
11.3.7.4.3 Japan Superabsorbent Polymers Market by Manufacturing Process
11.3.7.4.4 Japan Superabsorbent Polymers Market by Application
11.3.7.5 South Korea Superabsorbent Polymers Market
11.3.7.5.1 South Korea Superabsorbent Polymers Market by Type
11.3.7.5.2 South Korea Superabsorbent Polymers Market by Grade
11.3.7.5.3 South Korea Superabsorbent Polymers Market by Manufacturing Process
11.3.7.5.4 South Korea Superabsorbent Polymers Market by Application
11.3.7.6 Rest of Asia-Pacific Superabsorbent Polymers Market
11.3.7.6.1 Rest of Asia-Pacific Superabsorbent Polymers Market by Type
11.3.7.6.2 Rest of Asia-Pacific Superabsorbent Polymers Market by Grade
11.3.7.6.3 Rest of Asia-Pacific Superabsorbent Polymers Market by Manufacturing Process
11.3.7.6.4 Rest of Asia-Pacific Superabsorbent Polymers Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Superabsorbent Polymers Market Overview
11.4.2 Middle East and Africa Superabsorbent Polymers Market Forecasts and Analysis
11.4.3 Middle East and Africa Superabsorbent Polymers Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Superabsorbent Polymers Market Forecasts and Analysis - By Grade
11.4.5 Middle East and Africa Superabsorbent Polymers Market Forecasts and Analysis - By Manufacturing Process
11.4.6 Middle East and Africa Superabsorbent Polymers Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Superabsorbent Polymers Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Superabsorbent Polymers Market
11.4.7.1.1 South Africa Superabsorbent Polymers Market by Type
11.4.7.1.2 South Africa Superabsorbent Polymers Market by Grade
11.4.7.1.3 South Africa Superabsorbent Polymers Market by Manufacturing Process
11.4.7.1.4 South Africa Superabsorbent Polymers Market by Application
11.4.7.2 Saudi Arabia Superabsorbent Polymers Market
11.4.7.2.1 Saudi Arabia Superabsorbent Polymers Market by Type
11.4.7.2.2 Saudi Arabia Superabsorbent Polymers Market by Grade
11.4.7.2.3 Saudi Arabia Superabsorbent Polymers Market by Manufacturing Process
11.4.7.2.4 Saudi Arabia Superabsorbent Polymers Market by Application
11.4.7.3 U.A.E Superabsorbent Polymers Market
11.4.7.3.1 U.A.E Superabsorbent Polymers Market by Type
11.4.7.3.2 U.A.E Superabsorbent Polymers Market by Grade
11.4.7.3.3 U.A.E Superabsorbent Polymers Market by Manufacturing Process
11.4.7.3.4 U.A.E Superabsorbent Polymers Market by Application
11.4.7.4 Rest of Middle East and Africa Superabsorbent Polymers Market
11.4.7.4.1 Rest of Middle East and Africa Superabsorbent Polymers Market by Type
11.4.7.4.2 Rest of Middle East and Africa Superabsorbent Polymers Market by Grade
11.4.7.4.3 Rest of Middle East and Africa Superabsorbent Polymers Market by Manufacturing Process
11.4.7.4.4 Rest of Middle East and Africa Superabsorbent Polymers Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Superabsorbent Polymers Market Overview
11.5.2 South and Central America Superabsorbent Polymers Market Forecasts and Analysis
11.5.3 South and Central America Superabsorbent Polymers Market Forecasts and Analysis - By Type
11.5.4 South and Central America Superabsorbent Polymers Market Forecasts and Analysis - By Grade
11.5.5 South and Central America Superabsorbent Polymers Market Forecasts and Analysis - By Manufacturing Process
11.5.6 South and Central America Superabsorbent Polymers Market Forecasts and Analysis - By Application
11.5.7 South and Central America Superabsorbent Polymers Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Superabsorbent Polymers Market
11.5.7.1.1 Brazil Superabsorbent Polymers Market by Type
11.5.7.1.2 Brazil Superabsorbent Polymers Market by Grade
11.5.7.1.3 Brazil Superabsorbent Polymers Market by Manufacturing Process
11.5.7.1.4 Brazil Superabsorbent Polymers Market by Application
11.5.7.2 Argentina Superabsorbent Polymers Market
11.5.7.2.1 Argentina Superabsorbent Polymers Market by Type
11.5.7.2.2 Argentina Superabsorbent Polymers Market by Grade
11.5.7.2.3 Argentina Superabsorbent Polymers Market by Manufacturing Process
11.5.7.2.4 Argentina Superabsorbent Polymers Market by Application
11.5.7.3 Rest of South and Central America Superabsorbent Polymers Market
11.5.7.3.1 Rest of South and Central America Superabsorbent Polymers Market by Type
11.5.7.3.2 Rest of South and Central America Superabsorbent Polymers Market by Grade
11.5.7.3.3 Rest of South and Central America Superabsorbent Polymers Market by Manufacturing Process
11.5.7.3.4 Rest of South and Central America Superabsorbent Polymers Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SUPERABSORBENT POLYMERS MARKET, KEY COMPANY PROFILES
13.1. BASF SE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. EVONIK INDUSTRIES
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. FORMOSA PLASTICS GROUP
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. KAO CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LG CHEM, LTD
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NIPPON SHOKUBAI
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SATELLITE SCIENCE AND TECHNOLOGY CO., LTD
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SDP GLOBAL CO., LTD.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SUMITOMO SEIKA CHEMICALS COMPANY, LTD
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. YIXING DANSON TECHNOLOGY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. BASF SE
2. Evonik Industries
3. Formosa Plastics Group
4. Kao Corporation
5. LG Chem, LTD
6. Nippon Shokubai
7. Satellite Science and Technology Co., LTD
8. SDP Global Co., LTD.
9. Sumitomo Seika Chemicals Company, LTD
10. Yixing Danson Technology
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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