The Waterproof Textiles Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by material type (polyurethane, polyvinyl chloride, polyester, nylon and others) and fabric type (woven, non-woven and knitted). The report further presents analysis based on end use (apparel, hospitality, footwear, automotive, construction, medical and others). The global analysis is further broken-down at regional level and major countries. 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 and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Waterproof Textiles 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.
Waterproof Textiles Market Segmentation
Material Type- Polyurethane
- Polyvinyl Chloride
- Polyester
- Nylon
- Woven
- Non-woven
- Knitted
Strategic Insights
Waterproof Textiles Market Growth Drivers- Rising Demand for Waterproof Textiles in Outdoor and Sportswear: Increased demand for outdoor and sports clothing is one of the main push factors driving the waterproof textiles market. The demand for high-performing waterproof clothing has increased, with many people participating in outdoor activities such as hiking, camping, and water sports. The waterproof textile protects individuals from rain and moisture, enhancing comfort and performance while participating in outdoor activities. This trend is further fueled by increasing adventure tourism and outdoor lifestyles that drive consumers towards innovating and adding value to what they offer in this segment.
- Waterproof Textiles in the Automotive Industry: The automotive industry forms another primary end-use market for waterproof textiles. These materials are for seat covers, upholstery, and vehicle protective covers. According to automotive manufacturers, vehicle interiors are improving steadily, increasing passenger comfort, which has driven the increased demand for durable yet waterproof textiles. The growing electric vehicles (EV) market and the increased use of lightweight and water-repellent materials would further boost the application of highly waterproof textiles in the automotive sector.
- Waterproof Textiles in Medical and Healthcare Applications: Waterproof textiles are increasingly used in the medical and healthcare fields: protective clothing, surgical drapes, and wound dressing. The need for hygiene and protection from moisture drives demand for high-performance waterproof textiles. With patient safety from infection being prioritized by healthcare providers, the trend of using waterproof materials would likely be on the rise in medical applications, creating new opportunities for manufacturers in the marketplace.
- Advancements in Coating Technologies for Enhanced Waterproofing: Technologies about coating have given a new dimension to waterproof textiles, wherein a whole new class of waterproofing agents has paved the way to highly effective and durable waterproofing. Polyurethane (PU) coatings and polyvinyl chloride (PVC) coatings have succeeded in enhancing the properties and performance of waterproof textiles. They have increased water, abrasion, and wear resistance. It has created a platform through which manufacturers can now include superior waterproofing to products without affecting their breathability and comfort features, matching the needs of consumers.
- Sustainability Focus in Waterproof Textiles: Thus, contributing to an overall sustainability trend in waterproof textiles, manufacturers focus more on 'green materials' while fabricating these textiles. The increasing environmental awareness among consumers has created such a demand that there has been a growing inclination toward textiles made from recycled or biodegradable materials. The current development in such textiles is seen by manufacturers, who are now thinking of producing waterproof textiles with reduced environmental effects but high-end performance. This aligns with the overall goals for sustainability and regulatory pressure worldwide, spurring investments in innovation.
- Smart Innovations Transforming Waterproof Textiles: Smart innovation has been emerging in waterproof textiles, changing the scenario in which this market operates. Newer technologies, such as moisture-wicking fabrics, temperature-regulating materials, and embedded sensors that further improve the functions of waterproof textiles, are being introduced into the industry. These smart textiles can monitor environmental conditions and respond in real-time, improving comfort and performance across various applications. Even in such cases, as more industries adopt smart solutions, the demand for advanced waterproof textiles is expected to increase due to technological advancements.
- Tailor-Made Waterproof Textile Solutions for Niche Markets: The opportunity in the marketplace for manufacturers at this stage is in creating tailor-made waterproof textile solutions for specific applications and customer needs. Specialized products will boost a firm in a crowded market, offering optimum solutions unique to altar industries like outdoor apparel, automotive, and healthcare. Customization can entail variations in fabric composition waterproof ratings, such as breathability and UV protection; manufacturers can meet niche markets this way.
- Growth Opportunities in Emerging Markets: The waterproof textiles market has growth opportunities in developing countries as increasing disposable incomes and changing consumer preferences make consumers favor performance-enhanced textiles. Manufacturers can generate new revenue streams by establishing their presence in these markets and aligning their products with local needs and regulations. The progressive investment in infrastructure, outdoor activities, and healthcare in areas such as Asia-Pacific and Latin America represents an attractive avenue for growth.
- Collaborations for Innovation and Long-Term Competitiveness: Such collaborations could open avenues for research on new materials, enhanced production processes, and even new applications. Opportunities exist for waterproof textile manufacturers to co-innovate with research institutes, universities, and industry partners. Companies can maintain their long-term competitiveness in the market by investing in research and development for future market trends and customer needs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Waterproof Textiles 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 Waterproof Textiles 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Advancement in coating technologies is expected to be the key market trends
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the waterproof textiles market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Teijin Limited; ProSoft PUL; Polartec, LLC; Tempotest USA; Schoeller Textil AG are some of the key players operating in the waterproof textiles market
The Waterproof Textiles Market is estimated to witness a CAGR of 5% from 2023 to 2031
Growing demand in outdoor and sports apparel is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Waterproof Textiles Market - By Raw Material
1.3.2Waterproof Textiles Market - By Textile
1.3.3Waterproof Textiles Market - By End-Use
1.3.4Waterproof Textiles Market - By Region
1.3.4.1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.WATERPROOF TEXTILES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1Europe - Pest Analysis
4.2.2Asia-Pacific - Pest Analysis
4.2.3Middle East and Africa - Pest Analysis
4.2.4South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.WATERPROOF TEXTILES 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.WATERPROOF TEXTILES MARKET - GLOBAL MARKET ANALYSIS
6.1.WATERPROOF TEXTILES - GLOBAL MARKET OVERVIEW
6.2.WATERPROOF TEXTILES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.WATERPROOF TEXTILES MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1.OVERVIEW
7.2.RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.POLYURETHANE POLY TETRA FLUORO ETHYLENE (PTFE)
7.3.1.Overview
7.3.2.Polyurethane Poly Tetra Fluoro Ethylene (PTFE) Market Forecast and Analysis
7.4.POLYVINYLIDENE FLUORIDE (PVDF)
7.4.1.Overview
7.4.2.Polyvinylidene Fluoride (PVDF) Market Forecast and Analysis
7.5.POLYESTER MICROFILAMENT YARNS
7.5.1.Overview
7.5.2.Polyester Microfilament Yarns Market Forecast and Analysis
7.6.FLUOROPOLYMERS
7.6.1.Overview
7.6.2.Fluoropolymers Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.WATERPROOF TEXTILES MARKET - REVENUE AND FORECASTS TO 2028 - TEXTILE
8.1.OVERVIEW
8.2.TEXTILE MARKET FORECASTS AND ANALYSIS
8.3.DENSELY WOVEN
8.3.1.Overview
8.3.2.Densely Woven Market Forecast and Analysis
8.4.MEMBRANE
8.4.1.Overview
8.4.2.Membrane Market Forecast and Analysis
8.5.COATED
8.5.1.Overview
8.5.2.Coated Market Forecast and Analysis
9.WATERPROOF TEXTILES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1.OVERVIEW
9.2.END-USE MARKET FORECASTS AND ANALYSIS
9.3.GARMENTS
9.3.1.Overview
9.3.2.Garments Market Forecast and Analysis
9.4.FOOTWEAR
9.4.1.Overview
9.4.2.Footwear Market Forecast and Analysis
9.5.GLOVES
9.5.1.Overview
9.5.2.Gloves Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.WATERPROOF TEXTILES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.EUROPE
10.1.1Europe Waterproof Textiles Market Overview
10.1.2Europe Waterproof Textiles Market Forecasts and Analysis
10.1.3Europe Waterproof Textiles Market Forecasts and Analysis - By Raw Material
10.1.4Europe Waterproof Textiles Market Forecasts and Analysis - By Textile
10.1.5Europe Waterproof Textiles Market Forecasts and Analysis - By End-Use
10.1.6Europe Waterproof Textiles Market Forecasts and Analysis - By Countries
10.1.6.1Germany Waterproof Textiles Market
10.1.6.1.1Germany Waterproof Textiles Market by Raw Material
10.1.6.1.2Germany Waterproof Textiles Market by Textile
10.1.6.1.3Germany Waterproof Textiles Market by End-Use
10.1.6.2France Waterproof Textiles Market
10.1.6.2.1France Waterproof Textiles Market by Raw Material
10.1.6.2.2France Waterproof Textiles Market by Textile
10.1.6.2.3France Waterproof Textiles Market by End-Use
10.1.6.3Italy Waterproof Textiles Market
10.1.6.3.1Italy Waterproof Textiles Market by Raw Material
10.1.6.3.2Italy Waterproof Textiles Market by Textile
10.1.6.3.3Italy Waterproof Textiles Market by End-Use
10.1.6.4United Kingdom Waterproof Textiles Market
10.1.6.4.1United Kingdom Waterproof Textiles Market by Raw Material
10.1.6.4.2United Kingdom Waterproof Textiles Market by Textile
10.1.6.4.3United Kingdom Waterproof Textiles Market by End-Use
10.1.6.5Russia Waterproof Textiles Market
10.1.6.5.1Russia Waterproof Textiles Market by Raw Material
10.1.6.5.2Russia Waterproof Textiles Market by Textile
10.1.6.5.3Russia Waterproof Textiles Market by End-Use
10.1.6.6Rest of Europe Waterproof Textiles Market
10.1.6.6.1Rest of Europe Waterproof Textiles Market by Raw Material
10.1.6.6.2Rest of Europe Waterproof Textiles Market by Textile
10.1.6.6.3Rest of Europe Waterproof Textiles Market by End-Use
10.2.ASIA-PACIFIC
10.2.1Asia-Pacific Waterproof Textiles Market Overview
10.2.2Asia-Pacific Waterproof Textiles Market Forecasts and Analysis
10.2.3Asia-Pacific Waterproof Textiles Market Forecasts and Analysis - By Raw Material
10.2.4Asia-Pacific Waterproof Textiles Market Forecasts and Analysis - By Textile
10.2.5Asia-Pacific Waterproof Textiles Market Forecasts and Analysis - By End-Use
10.2.6Asia-Pacific Waterproof Textiles Market Forecasts and Analysis - By Countries
10.2.6.1Australia Waterproof Textiles Market
10.2.6.1.1Australia Waterproof Textiles Market by Raw Material
10.2.6.1.2Australia Waterproof Textiles Market by Textile
10.2.6.1.3Australia Waterproof Textiles Market by End-Use
10.2.6.2China Waterproof Textiles Market
10.2.6.2.1China Waterproof Textiles Market by Raw Material
10.2.6.2.2China Waterproof Textiles Market by Textile
10.2.6.2.3China Waterproof Textiles Market by End-Use
10.2.6.3India Waterproof Textiles Market
10.2.6.3.1India Waterproof Textiles Market by Raw Material
10.2.6.3.2India Waterproof Textiles Market by Textile
10.2.6.3.3India Waterproof Textiles Market by End-Use
10.2.6.4Japan Waterproof Textiles Market
10.2.6.4.1Japan Waterproof Textiles Market by Raw Material
10.2.6.4.2Japan Waterproof Textiles Market by Textile
10.2.6.4.3Japan Waterproof Textiles Market by End-Use
10.2.6.5South Korea Waterproof Textiles Market
10.2.6.5.1South Korea Waterproof Textiles Market by Raw Material
10.2.6.5.2South Korea Waterproof Textiles Market by Textile
10.2.6.5.3South Korea Waterproof Textiles Market by End-Use
10.2.6.6Rest of Asia-Pacific Waterproof Textiles Market
10.2.6.6.1Rest of Asia-Pacific Waterproof Textiles Market by Raw Material
10.2.6.6.2Rest of Asia-Pacific Waterproof Textiles Market by Textile
10.2.6.6.3Rest of Asia-Pacific Waterproof Textiles Market by End-Use
10.3.MIDDLE EAST AND AFRICA
10.3.1Middle East and Africa Waterproof Textiles Market Overview
10.3.2Middle East and Africa Waterproof Textiles Market Forecasts and Analysis
10.3.3Middle East and Africa Waterproof Textiles Market Forecasts and Analysis - By Raw Material
10.3.4Middle East and Africa Waterproof Textiles Market Forecasts and Analysis - By Textile
10.3.5Middle East and Africa Waterproof Textiles Market Forecasts and Analysis - By End-Use
10.3.6Middle East and Africa Waterproof Textiles Market Forecasts and Analysis - By Countries
10.3.6.1South Africa Waterproof Textiles Market
10.3.6.1.1South Africa Waterproof Textiles Market by Raw Material
10.3.6.1.2South Africa Waterproof Textiles Market by Textile
10.3.6.1.3South Africa Waterproof Textiles Market by End-Use
10.3.6.2Saudi Arabia Waterproof Textiles Market
10.3.6.2.1Saudi Arabia Waterproof Textiles Market by Raw Material
10.3.6.2.2Saudi Arabia Waterproof Textiles Market by Textile
10.3.6.2.3Saudi Arabia Waterproof Textiles Market by End-Use
10.3.6.3U.A.E Waterproof Textiles Market
10.3.6.3.1U.A.E Waterproof Textiles Market by Raw Material
10.3.6.3.2U.A.E Waterproof Textiles Market by Textile
10.3.6.3.3U.A.E Waterproof Textiles Market by End-Use
10.3.6.4Rest of Middle East and Africa Waterproof Textiles Market
10.3.6.4.1Rest of Middle East and Africa Waterproof Textiles Market by Raw Material
10.3.6.4.2Rest of Middle East and Africa Waterproof Textiles Market by Textile
10.3.6.4.3Rest of Middle East and Africa Waterproof Textiles Market by End-Use
10.4.SOUTH AND CENTRAL AMERICA
10.4.1South and Central America Waterproof Textiles Market Overview
10.4.2South and Central America Waterproof Textiles Market Forecasts and Analysis
10.4.3South and Central America Waterproof Textiles Market Forecasts and Analysis - By Raw Material
10.4.4South and Central America Waterproof Textiles Market Forecasts and Analysis - By Textile
10.4.5South and Central America Waterproof Textiles Market Forecasts and Analysis - By End-Use
10.4.6South and Central America Waterproof Textiles Market Forecasts and Analysis - By Countries
10.4.6.1Brazil Waterproof Textiles Market
10.4.6.1.1Brazil Waterproof Textiles Market by Raw Material
10.4.6.1.2Brazil Waterproof Textiles Market by Textile
10.4.6.1.3Brazil Waterproof Textiles Market by End-Use
10.4.6.2Argentina Waterproof Textiles Market
10.4.6.2.1Argentina Waterproof Textiles Market by Raw Material
10.4.6.2.2Argentina Waterproof Textiles Market by Textile
10.4.6.2.3Argentina Waterproof Textiles Market by End-Use
10.4.6.3Rest of South and Central America Waterproof Textiles Market
10.4.6.3.1Rest of South and Central America Waterproof Textiles Market by Raw Material
10.4.6.3.2Rest of South and Central America Waterproof Textiles Market by Textile
10.4.6.3.3Rest of South and Central America Waterproof Textiles 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.WATERPROOF TEXTILES MARKET, KEY COMPANY PROFILES
12.1.APT FABRICS
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.CLARIANT
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.COLUMBIA SPORTSWEAR
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.DOW CORNING
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.GENERAL ELECTRIC (EVENT FABRICS)
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.HEARTLAND TEXTILES 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.HUNTSMAN TEXTILES CO. LTD.
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.MITSUI AND CO. LTD (PERTEX)
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.SYMPATEX TECHNOLOGIES GMBH(SYMPATEX)
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.W. L. GORE AND ASSOCIATES INC.
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. APT Fabrics
2. Clariant
3. Columbia Sportswear
4. Dow Corning
5. General Electric (eVent FABRICS)
6. Heartland Textiles Co. Ltd.
7. Huntsman Textiles Co. Ltd.
8. Mitsui and Co. Ltd (pertex)
9. Sympatex Technologies GmbH(SympaTex)
10. W. L. Gore and Associates Inc.
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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