Waterproofing Chemicals Market Scope and Size by 2031
MARKET OVERVIEW
Waterproofing chemicals are a type of specialty chemical used to protect against water and other liquids. They are used for various applications, including coating the exterior of buildings, protecting industrial and agricultural facilities, and protecting infrastructure such as bridges and tunnels. Waterproofing chemicals can provide significant advantages, including improved durability, extended service life, and increased energy savings. End users of waterproofing chemicals include architects, building owners, and contractors. In addition, waterproofing chemicals can be used to protect various objects, including automobiles, aircraft, boats, ships, and even electronic components. The waterproofing chemicals market is estimated to grow enormously over the next several years. The increasing demand for better durability and protection against water increased the usage of waterproofing chemicals in construction, and the development of new technologies drives this growth. As the market continues to grow, manufacturers of waterproofing chemicals will be able to meet the needs of their customers by providing more cost-effective and reliable products.
MARKET DYNAMICS
The waterproofing chemicals market is anticipated to grow in the forecast period owing to driving factors such as high demands from the developing nations on account of increasing construction activities coupled with improved quality of construction chemicals. The cost-effectiveness of waterproofing chemicals is another major factor responsible for the growth of the market. However, sluggish growth of the construction sector in some developed nations hampers the growth of the waterproofing chemicals market. Nonetheless, increasing awareness for water management activities in the developing countries offer significant growth opportunity for the key players involved in the waterproofing chemicals market during the forecast period.
MARKET SCOPE
The "Global Waterproofing Chemicals Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the waterproofing chemicals market with detailed market segmentation by product type, technique, application, and geography. The global waterproofing chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waterproofing chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global waterproofing chemicals market is segmented on the basis of product type, technique, and application. Based on product type, the market is segmented as bitumen, polyvinyl chloride (PVC), thermoplastic polyolefin (TPO), polytetrafluoroethylene (PTFE), ethylene propylene diene monomer (EPDM), and others. The market on the basis of the technique is classified as preformed membranes, coatings & lams, and integral systems. On the basis of the applications the market is segmented as roofing, building structures, landfills & tunnels, walls, 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 waterproofing chemicals 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 & Central America. The waterproofing chemicals 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 waterproofing chemicals 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 & Central America after evaluating political, economic, social and technological factors affecting the waterproofing chemicals 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 waterproofing chemicals 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 & Central America. The waterproofing chemicals 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 waterproofing chemicals 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 & Central America after evaluating political, economic, social and technological factors affecting the waterproofing chemicals market in these regions.
MARKET PLAYERS
The reports cover key developments in the waterproofing chemicals 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 the way for the expansion of business and customer base of market players. The market payers from waterproofing chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for waterproofing chemicals in the global market. Below mentioned is the list of few companies engaged in the waterproofing chemicals market.
The report also includes the profiles of key waterproofing chemicals companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BASF SE
- Carlisle Companies Inc.
- Conpro Chemicals Private Limited
- Drizoro S.A.U
- Fosroc, Inc.
- Mapei S.p.A.
- Pidilite Industries Ltd.
- Sika AG
- Soprema S.A.S.
- The Dow Chemical Company
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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
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 Waterproofing Chemicals Market - By Product Type
1.3.2 Waterproofing Chemicals Market - By Technique
1.3.3 Waterproofing Chemicals Market - By Application
1.3.4 Waterproofing Chemicals Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATERPROOFING CHEMICALS 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. WATERPROOFING CHEMICALS 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. WATERPROOFING CHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1. WATERPROOFING CHEMICALS - GLOBAL MARKET OVERVIEW
6.2. WATERPROOFING CHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATERPROOFING CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BITUMEN
7.3.1. Overview
7.3.2. Bitumen Market Forecast and Analysis
7.4. POLYVINYL CHLORIDE (PVC)
7.4.1. Overview
7.4.2. Polyvinyl Chloride (PVC) Market Forecast and Analysis
7.5. THERMOPLASTIC POLYOLEFIN (TPO)
7.5.1. Overview
7.5.2. Thermoplastic Polyolefin (TPO) Market Forecast and Analysis
7.6. POLYTETRAFLUOROETHYLENE (PTFE)
7.6.1. Overview
7.6.2. Polytetrafluoroethylene (PTFE) Market Forecast and Analysis
7.7. ETHYLENE PROPYLENE DIENE MONOMER (EPDM)
7.7.1. Overview
7.7.2. Ethylene Propylene Diene Monomer (EPDM) Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. WATERPROOFING CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
8.1. OVERVIEW
8.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. PREFORMED MEMBRANES
8.3.1. Overview
8.3.2. Preformed Membranes Market Forecast and Analysis
8.4. COATINGS AND LAMS
8.4.1. Overview
8.4.2. Coatings and LAMs Market Forecast and Analysis
8.5. INTEGRAL SYSTEMS
8.5.1. Overview
8.5.2. Integral Systems Market Forecast and Analysis
9. WATERPROOFING CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ROOFING
9.3.1. Overview
9.3.2. Roofing Market Forecast and Analysis
9.4. BUILDING STRUCTURES
9.4.1. Overview
9.4.2. Building Structures Market Forecast and Analysis
9.5. LANDFILLS AND TUNNELS
9.5.1. Overview
9.5.2. Landfills and Tunnels Market Forecast and Analysis
9.6. WALLS
9.6.1. Overview
9.6.2. Walls Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. WATERPROOFING CHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Waterproofing Chemicals Market Overview
10.1.2 North America Waterproofing Chemicals Market Forecasts and Analysis
10.1.3 North America Waterproofing Chemicals Market Forecasts and Analysis - By Product Type
10.1.4 North America Waterproofing Chemicals Market Forecasts and Analysis - By Technique
10.1.5 North America Waterproofing Chemicals Market Forecasts and Analysis - By Application
10.1.6 North America Waterproofing Chemicals Market Forecasts and Analysis - By Countries
10.1.6.1 United States Waterproofing Chemicals Market
10.1.6.1.1 United States Waterproofing Chemicals Market by Product Type
10.1.6.1.2 United States Waterproofing Chemicals Market by Technique
10.1.6.1.3 United States Waterproofing Chemicals Market by Application
10.1.6.2 Canada Waterproofing Chemicals Market
10.1.6.2.1 Canada Waterproofing Chemicals Market by Product Type
10.1.6.2.2 Canada Waterproofing Chemicals Market by Technique
10.1.6.2.3 Canada Waterproofing Chemicals Market by Application
10.1.6.3 Mexico Waterproofing Chemicals Market
10.1.6.3.1 Mexico Waterproofing Chemicals Market by Product Type
10.1.6.3.2 Mexico Waterproofing Chemicals Market by Technique
10.1.6.3.3 Mexico Waterproofing Chemicals Market by Application
10.2. EUROPE
10.2.1 Europe Waterproofing Chemicals Market Overview
10.2.2 Europe Waterproofing Chemicals Market Forecasts and Analysis
10.2.3 Europe Waterproofing Chemicals Market Forecasts and Analysis - By Product Type
10.2.4 Europe Waterproofing Chemicals Market Forecasts and Analysis - By Technique
10.2.5 Europe Waterproofing Chemicals Market Forecasts and Analysis - By Application
10.2.6 Europe Waterproofing Chemicals Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Waterproofing Chemicals Market
10.2.6.1.1 Germany Waterproofing Chemicals Market by Product Type
10.2.6.1.2 Germany Waterproofing Chemicals Market by Technique
10.2.6.1.3 Germany Waterproofing Chemicals Market by Application
10.2.6.2 France Waterproofing Chemicals Market
10.2.6.2.1 France Waterproofing Chemicals Market by Product Type
10.2.6.2.2 France Waterproofing Chemicals Market by Technique
10.2.6.2.3 France Waterproofing Chemicals Market by Application
10.2.6.3 Italy Waterproofing Chemicals Market
10.2.6.3.1 Italy Waterproofing Chemicals Market by Product Type
10.2.6.3.2 Italy Waterproofing Chemicals Market by Technique
10.2.6.3.3 Italy Waterproofing Chemicals Market by Application
10.2.6.4 United Kingdom Waterproofing Chemicals Market
10.2.6.4.1 United Kingdom Waterproofing Chemicals Market by Product Type
10.2.6.4.2 United Kingdom Waterproofing Chemicals Market by Technique
10.2.6.4.3 United Kingdom Waterproofing Chemicals Market by Application
10.2.6.5 Russia Waterproofing Chemicals Market
10.2.6.5.1 Russia Waterproofing Chemicals Market by Product Type
10.2.6.5.2 Russia Waterproofing Chemicals Market by Technique
10.2.6.5.3 Russia Waterproofing Chemicals Market by Application
10.2.6.6 Rest of Europe Waterproofing Chemicals Market
10.2.6.6.1 Rest of Europe Waterproofing Chemicals Market by Product Type
10.2.6.6.2 Rest of Europe Waterproofing Chemicals Market by Technique
10.2.6.6.3 Rest of Europe Waterproofing Chemicals Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Waterproofing Chemicals Market Overview
10.3.2 Asia-Pacific Waterproofing Chemicals Market Forecasts and Analysis
10.3.3 Asia-Pacific Waterproofing Chemicals Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Waterproofing Chemicals Market Forecasts and Analysis - By Technique
10.3.5 Asia-Pacific Waterproofing Chemicals Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Waterproofing Chemicals Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Waterproofing Chemicals Market
10.3.6.1.1 Australia Waterproofing Chemicals Market by Product Type
10.3.6.1.2 Australia Waterproofing Chemicals Market by Technique
10.3.6.1.3 Australia Waterproofing Chemicals Market by Application
10.3.6.2 China Waterproofing Chemicals Market
10.3.6.2.1 China Waterproofing Chemicals Market by Product Type
10.3.6.2.2 China Waterproofing Chemicals Market by Technique
10.3.6.2.3 China Waterproofing Chemicals Market by Application
10.3.6.3 India Waterproofing Chemicals Market
10.3.6.3.1 India Waterproofing Chemicals Market by Product Type
10.3.6.3.2 India Waterproofing Chemicals Market by Technique
10.3.6.3.3 India Waterproofing Chemicals Market by Application
10.3.6.4 Japan Waterproofing Chemicals Market
10.3.6.4.1 Japan Waterproofing Chemicals Market by Product Type
10.3.6.4.2 Japan Waterproofing Chemicals Market by Technique
10.3.6.4.3 Japan Waterproofing Chemicals Market by Application
10.3.6.5 South Korea Waterproofing Chemicals Market
10.3.6.5.1 South Korea Waterproofing Chemicals Market by Product Type
10.3.6.5.2 South Korea Waterproofing Chemicals Market by Technique
10.3.6.5.3 South Korea Waterproofing Chemicals Market by Application
10.3.6.6 Rest of Asia-Pacific Waterproofing Chemicals Market
10.3.6.6.1 Rest of Asia-Pacific Waterproofing Chemicals Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Waterproofing Chemicals Market by Technique
10.3.6.6.3 Rest of Asia-Pacific Waterproofing Chemicals Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Waterproofing Chemicals Market Overview
10.4.2 Middle East and Africa Waterproofing Chemicals Market Forecasts and Analysis
10.4.3 Middle East and Africa Waterproofing Chemicals Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Waterproofing Chemicals Market Forecasts and Analysis - By Technique
10.4.5 Middle East and Africa Waterproofing Chemicals Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Waterproofing Chemicals Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Waterproofing Chemicals Market
10.4.6.1.1 South Africa Waterproofing Chemicals Market by Product Type
10.4.6.1.2 South Africa Waterproofing Chemicals Market by Technique
10.4.6.1.3 South Africa Waterproofing Chemicals Market by Application
10.4.6.2 Saudi Arabia Waterproofing Chemicals Market
10.4.6.2.1 Saudi Arabia Waterproofing Chemicals Market by Product Type
10.4.6.2.2 Saudi Arabia Waterproofing Chemicals Market by Technique
10.4.6.2.3 Saudi Arabia Waterproofing Chemicals Market by Application
10.4.6.3 U.A.E Waterproofing Chemicals Market
10.4.6.3.1 U.A.E Waterproofing Chemicals Market by Product Type
10.4.6.3.2 U.A.E Waterproofing Chemicals Market by Technique
10.4.6.3.3 U.A.E Waterproofing Chemicals Market by Application
10.4.6.4 Rest of Middle East and Africa Waterproofing Chemicals Market
10.4.6.4.1 Rest of Middle East and Africa Waterproofing Chemicals Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Waterproofing Chemicals Market by Technique
10.4.6.4.3 Rest of Middle East and Africa Waterproofing Chemicals Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Waterproofing Chemicals Market Overview
10.5.2 South and Central America Waterproofing Chemicals Market Forecasts and Analysis
10.5.3 South and Central America Waterproofing Chemicals Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Waterproofing Chemicals Market Forecasts and Analysis - By Technique
10.5.5 South and Central America Waterproofing Chemicals Market Forecasts and Analysis - By Application
10.5.6 South and Central America Waterproofing Chemicals Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Waterproofing Chemicals Market
10.5.6.1.1 Brazil Waterproofing Chemicals Market by Product Type
10.5.6.1.2 Brazil Waterproofing Chemicals Market by Technique
10.5.6.1.3 Brazil Waterproofing Chemicals Market by Application
10.5.6.2 Argentina Waterproofing Chemicals Market
10.5.6.2.1 Argentina Waterproofing Chemicals Market by Product Type
10.5.6.2.2 Argentina Waterproofing Chemicals Market by Technique
10.5.6.2.3 Argentina Waterproofing Chemicals Market by Application
10.5.6.3 Rest of South and Central America Waterproofing Chemicals Market
10.5.6.3.1 Rest of South and Central America Waterproofing Chemicals Market by Product Type
10.5.6.3.2 Rest of South and Central America Waterproofing Chemicals Market by Technique
10.5.6.3.3 Rest of South and Central America Waterproofing Chemicals Market by Application
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. WATERPROOFING CHEMICALS MARKET, KEY COMPANY PROFILES
12.1. BASF SE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CARLISLE COMPANIES INC.
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. CONPRO CHEMICALS PRIVATE LIMITED
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. DRIZORO S.A.U
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. FOSROC, INC.
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. MAPEI S.P.A.
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. PIDILITE INDUSTRIES 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. SIKA AG
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. SOPREMA S.A.S.
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. THE DOW CHEMICAL COMPANY
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
The List of Companies
- BASF SE
- Carlisle Companies Inc.
- Conpro Chemicals Private Limited
- Drizoro S.A.U
- Fosroc, Inc.
- Mapei S.p.A.
- Pidilite Industries Ltd.
- Sika AG
- Soprema S.A.S.
- The Dow Chemical Company
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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