Thermoplastic Composite Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Thermoplastic composites can be characterized as continuous and discontinuous composites. Short fiber thermoplastics and long fiber thermoplastics are the two widely used types of thermoplastic composites internationally. Thermoplastic composites have accomplished rapid acceptance as a appropriate substitute to die castings, metal assemblies and traditional plastic materials in the market. Factors including high rigidity, high impact strength and better surface quality backed by less product rejection, high resistance to extreme temperatures have boosted the growth of the thermoplastic composites market to the greater extent.
MARKET DYNAMICS
Increasing usage of thermoplastic composite materials in automotive components such as wheels, chassis, hoods, and roofs in high-performance vehicles and racing vehicles are considered as a critical driving factor for the increasing penetration of thermoplastic composites in the automobile industry. Decreased cost for consumers and development in product performance through innovation and research and development is anticipated to further boost the market growth. The comparatively higher cost of raw materials poses the major challenge to the industry and also acts as a restraint to an otherwise booming industry.
MARKET SCOPE
The "Global Thermoplastic Composite Market Analysis to 2028" 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 thermoplastic composite with detailed market segmentation by type, resin type, end-use industry. The global thermoplastic composite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermoplastic composite market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thermoplastic composite market is segmented on the basis of type into glass, carbon, mineral, others. On the basis of resin type the thermoplastic composite market is segmented into PA, PP, PEEK, hybrid, others. Moreover, on the basis of end-use industry the market has been segmented into transportation, consumer goods & electronics, wind energy, sports & leisure, construction, aerospace & defense, and 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 global thermoplastic composite market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermoplastic composite 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 thermoplastic composite 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 thermoplastic composite market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoplastic composite market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermoplastic composite 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 thermoplastic composite 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 thermoplastic composite market in these regions.
MARKET PLAYERS
The reports cover key developments in the thermoplastic composite 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 players from thermoplastic composite market are anticipated to lucrative growth opportunities in the future with the rising demand for thermoplastic composite in the global market. Below mentioned is the list of few companies engaged in the thermoplastic composite market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermoplastic composite 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.
- Hexcel Corporation
- Celenase Corporatio
- DOWDUPONT INC
- TENCATE
- SOLVAY
- Toray Industries, Inc.
- SABIC
- Lanxess A.G.
- BASF SE
- Polyone Corporation
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
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Thermoplastic Composite Market - By Type
1.3.2 Thermoplastic Composite Market - By Resin Type
1.3.3 Thermoplastic Composite Market - By End-use Industry
1.3.4 Thermoplastic Composite Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. THERMOPLASTIC COMPOSITE 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. THERMOPLASTIC COMPOSITE 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. THERMOPLASTIC COMPOSITE MARKET - GLOBAL MARKET ANALYSIS
6.1. THERMOPLASTIC COMPOSITE - GLOBAL MARKET OVERVIEW
6.2. THERMOPLASTIC COMPOSITE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. THERMOPLASTIC COMPOSITE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLASS
7.3.1. Overview
7.3.2. Glass Market Forecast and Analysis
7.4. CARBON
7.4.1. Overview
7.4.2. Carbon Market Forecast and Analysis
7.5. MINERAL
7.5.1. Overview
7.5.2. Mineral Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. THERMOPLASTIC COMPOSITE MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
8.1. OVERVIEW
8.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
8.3. PA
8.3.1. Overview
8.3.2. PA Market Forecast and Analysis
8.4. PP
8.4.1. Overview
8.4.2. PP Market Forecast and Analysis
8.5. PEEK
8.5.1. Overview
8.5.2. PEEK Market Forecast and Analysis
8.6. HYBRID
8.6.1. Overview
8.6.2. Hybrid Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. THERMOPLASTIC COMPOSITE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. TRANSPORTATION
9.3.1. Overview
9.3.2. Transportation Market Forecast and Analysis
9.4. CONSUMER GOODS AND ELECTRONICS
9.4.1. Overview
9.4.2. Consumer goods and electronics Market Forecast and Analysis
9.5. WIND ENERGY
9.5.1. Overview
9.5.2. Wind Energy Market Forecast and Analysis
9.6. SPORTS AND LEISURE
9.6.1. Overview
9.6.2. Sports and Leisure Market Forecast and Analysis
9.7. CONSTRUCTION
9.7.1. Overview
9.7.2. Construction Market Forecast and Analysis
9.8. AEROSPACE AND DEFENSE
9.8.1. Overview
9.8.2. Aerospace and Defense Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. THERMOPLASTIC COMPOSITE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Thermoplastic Composite Market Overview
10.1.2 North America Thermoplastic Composite Market Forecasts and Analysis
10.1.3 North America Thermoplastic Composite Market Forecasts and Analysis - By Type
10.1.4 North America Thermoplastic Composite Market Forecasts and Analysis - By Resin Type
10.1.5 North America Thermoplastic Composite Market Forecasts and Analysis - By End-use Industry
10.1.6 North America Thermoplastic Composite Market Forecasts and Analysis - By Countries
10.1.6.1 United States Thermoplastic Composite Market
10.1.6.1.1 United States Thermoplastic Composite Market by Type
10.1.6.1.2 United States Thermoplastic Composite Market by Resin Type
10.1.6.1.3 United States Thermoplastic Composite Market by End-use Industry
10.1.6.2 Canada Thermoplastic Composite Market
10.1.6.2.1 Canada Thermoplastic Composite Market by Type
10.1.6.2.2 Canada Thermoplastic Composite Market by Resin Type
10.1.6.2.3 Canada Thermoplastic Composite Market by End-use Industry
10.1.6.3 Mexico Thermoplastic Composite Market
10.1.6.3.1 Mexico Thermoplastic Composite Market by Type
10.1.6.3.2 Mexico Thermoplastic Composite Market by Resin Type
10.1.6.3.3 Mexico Thermoplastic Composite Market by End-use Industry
10.2. EUROPE
10.2.1 Europe Thermoplastic Composite Market Overview
10.2.2 Europe Thermoplastic Composite Market Forecasts and Analysis
10.2.3 Europe Thermoplastic Composite Market Forecasts and Analysis - By Type
10.2.4 Europe Thermoplastic Composite Market Forecasts and Analysis - By Resin Type
10.2.5 Europe Thermoplastic Composite Market Forecasts and Analysis - By End-use Industry
10.2.6 Europe Thermoplastic Composite Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Thermoplastic Composite Market
10.2.6.1.1 Germany Thermoplastic Composite Market by Type
10.2.6.1.2 Germany Thermoplastic Composite Market by Resin Type
10.2.6.1.3 Germany Thermoplastic Composite Market by End-use Industry
10.2.6.2 France Thermoplastic Composite Market
10.2.6.2.1 France Thermoplastic Composite Market by Type
10.2.6.2.2 France Thermoplastic Composite Market by Resin Type
10.2.6.2.3 France Thermoplastic Composite Market by End-use Industry
10.2.6.3 Italy Thermoplastic Composite Market
10.2.6.3.1 Italy Thermoplastic Composite Market by Type
10.2.6.3.2 Italy Thermoplastic Composite Market by Resin Type
10.2.6.3.3 Italy Thermoplastic Composite Market by End-use Industry
10.2.6.4 United Kingdom Thermoplastic Composite Market
10.2.6.4.1 United Kingdom Thermoplastic Composite Market by Type
10.2.6.4.2 United Kingdom Thermoplastic Composite Market by Resin Type
10.2.6.4.3 United Kingdom Thermoplastic Composite Market by End-use Industry
10.2.6.5 Russia Thermoplastic Composite Market
10.2.6.5.1 Russia Thermoplastic Composite Market by Type
10.2.6.5.2 Russia Thermoplastic Composite Market by Resin Type
10.2.6.5.3 Russia Thermoplastic Composite Market by End-use Industry
10.2.6.6 Rest of Europe Thermoplastic Composite Market
10.2.6.6.1 Rest of Europe Thermoplastic Composite Market by Type
10.2.6.6.2 Rest of Europe Thermoplastic Composite Market by Resin Type
10.2.6.6.3 Rest of Europe Thermoplastic Composite Market by End-use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Thermoplastic Composite Market Overview
10.3.2 Asia-Pacific Thermoplastic Composite Market Forecasts and Analysis
10.3.3 Asia-Pacific Thermoplastic Composite Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Thermoplastic Composite Market Forecasts and Analysis - By Resin Type
10.3.5 Asia-Pacific Thermoplastic Composite Market Forecasts and Analysis - By End-use Industry
10.3.6 Asia-Pacific Thermoplastic Composite Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Thermoplastic Composite Market
10.3.6.1.1 Australia Thermoplastic Composite Market by Type
10.3.6.1.2 Australia Thermoplastic Composite Market by Resin Type
10.3.6.1.3 Australia Thermoplastic Composite Market by End-use Industry
10.3.6.2 China Thermoplastic Composite Market
10.3.6.2.1 China Thermoplastic Composite Market by Type
10.3.6.2.2 China Thermoplastic Composite Market by Resin Type
10.3.6.2.3 China Thermoplastic Composite Market by End-use Industry
10.3.6.3 India Thermoplastic Composite Market
10.3.6.3.1 India Thermoplastic Composite Market by Type
10.3.6.3.2 India Thermoplastic Composite Market by Resin Type
10.3.6.3.3 India Thermoplastic Composite Market by End-use Industry
10.3.6.4 Japan Thermoplastic Composite Market
10.3.6.4.1 Japan Thermoplastic Composite Market by Type
10.3.6.4.2 Japan Thermoplastic Composite Market by Resin Type
10.3.6.4.3 Japan Thermoplastic Composite Market by End-use Industry
10.3.6.5 South Korea Thermoplastic Composite Market
10.3.6.5.1 South Korea Thermoplastic Composite Market by Type
10.3.6.5.2 South Korea Thermoplastic Composite Market by Resin Type
10.3.6.5.3 South Korea Thermoplastic Composite Market by End-use Industry
10.3.6.6 Rest of Asia-Pacific Thermoplastic Composite Market
10.3.6.6.1 Rest of Asia-Pacific Thermoplastic Composite Market by Type
10.3.6.6.2 Rest of Asia-Pacific Thermoplastic Composite Market by Resin Type
10.3.6.6.3 Rest of Asia-Pacific Thermoplastic Composite Market by End-use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Thermoplastic Composite Market Overview
10.4.2 Middle East and Africa Thermoplastic Composite Market Forecasts and Analysis
10.4.3 Middle East and Africa Thermoplastic Composite Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Thermoplastic Composite Market Forecasts and Analysis - By Resin Type
10.4.5 Middle East and Africa Thermoplastic Composite Market Forecasts and Analysis - By End-use Industry
10.4.6 Middle East and Africa Thermoplastic Composite Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Thermoplastic Composite Market
10.4.6.1.1 South Africa Thermoplastic Composite Market by Type
10.4.6.1.2 South Africa Thermoplastic Composite Market by Resin Type
10.4.6.1.3 South Africa Thermoplastic Composite Market by End-use Industry
10.4.6.2 Saudi Arabia Thermoplastic Composite Market
10.4.6.2.1 Saudi Arabia Thermoplastic Composite Market by Type
10.4.6.2.2 Saudi Arabia Thermoplastic Composite Market by Resin Type
10.4.6.2.3 Saudi Arabia Thermoplastic Composite Market by End-use Industry
10.4.6.3 U.A.E Thermoplastic Composite Market
10.4.6.3.1 U.A.E Thermoplastic Composite Market by Type
10.4.6.3.2 U.A.E Thermoplastic Composite Market by Resin Type
10.4.6.3.3 U.A.E Thermoplastic Composite Market by End-use Industry
10.4.6.4 Rest of Middle East and Africa Thermoplastic Composite Market
10.4.6.4.1 Rest of Middle East and Africa Thermoplastic Composite Market by Type
10.4.6.4.2 Rest of Middle East and Africa Thermoplastic Composite Market by Resin Type
10.4.6.4.3 Rest of Middle East and Africa Thermoplastic Composite Market by End-use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Thermoplastic Composite Market Overview
10.5.2 South and Central America Thermoplastic Composite Market Forecasts and Analysis
10.5.3 South and Central America Thermoplastic Composite Market Forecasts and Analysis - By Type
10.5.4 South and Central America Thermoplastic Composite Market Forecasts and Analysis - By Resin Type
10.5.5 South and Central America Thermoplastic Composite Market Forecasts and Analysis - By End-use Industry
10.5.6 South and Central America Thermoplastic Composite Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Thermoplastic Composite Market
10.5.6.1.1 Brazil Thermoplastic Composite Market by Type
10.5.6.1.2 Brazil Thermoplastic Composite Market by Resin Type
10.5.6.1.3 Brazil Thermoplastic Composite Market by End-use Industry
10.5.6.2 Argentina Thermoplastic Composite Market
10.5.6.2.1 Argentina Thermoplastic Composite Market by Type
10.5.6.2.2 Argentina Thermoplastic Composite Market by Resin Type
10.5.6.2.3 Argentina Thermoplastic Composite Market by End-use Industry
10.5.6.3 Rest of South and Central America Thermoplastic Composite Market
10.5.6.3.1 Rest of South and Central America Thermoplastic Composite Market by Type
10.5.6.3.2 Rest of South and Central America Thermoplastic Composite Market by Resin Type
10.5.6.3.3 Rest of South and Central America Thermoplastic Composite Market by End-use Industry
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. THERMOPLASTIC COMPOSITE MARKET, KEY COMPANY PROFILES
12.1. HEXCEL CORPORATION
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. CELENASE CORPORATION
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. DOWDUPONT INC
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. TENCATE
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. SOLVAY
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. TORAY INDUSTRIES, INC.
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. SABIC
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. LANXESS A.G.
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. BASF SE
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
12.10. POLYONE CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Hexcel Corporation
2. Celenase Corporation
3. DOWDUPONT INC
4. TENCATE
5. SOLVAY
6. Toray Industries, Inc.
7. SABIC
8. Lanxess A.G.
9. BASF SE
10. Polyone Corporation
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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