The North America fiber reinforced polymer (FRP) rebars market is expected to grow from US$ 86.98 million in 2022 to US$ 158.56 million by 2028; it is expected to grow at a CAGR of 10.5% from 2022 to 2028.
Increasing corrosion issues in conventional reinforcement techniques have enhanced product penetration in the infrastructure repairing industry. FRP rebars are composite materials and a noncorrosive and nonconductive alternative to steel for reinforcing structural concrete members. FRP rebars are manufactured using a variety of fibers in a polymer matrix. Glass fiber is the most popular; however, basalt and carbon fibers are also used in FRP rebars. The matrix is a thermoset compound, usually epoxy or vinyl ester, although other polymer matrices are also used. Glass, as a component, boost tensile strength, whereas other fibers provide increased durability and resistance to buckling and corrosion.
Increasing government spending on the construction of highways, bridges, and buildings and renovation of buildings with structural deficiencies are expected to boost the fiber reinforced polymer (FRP) rebars industry growth. Negative thermal conductivity offers zero stress while responding to temperature changes, which is expected to positively influence the North America fiber reinforced polymer (FRP) rebars market over the forecast period. Additional advantages of FRP rebars include excellent quality control with reduced transportation costs, which contribute to the product demand. Moreover, increasing acceptance and a corresponding demand for FRP rebars from North American countries such as the US and Canada are expected to fuel the market growth.
Market Insights
Proliferation of Construction Industry
The construction industry is one of the major contributors to the economic development of North America. It is flourishing rapidly due to increasing government support for infrastructure development across North America. For instance, in 2021, the government of Canada and Alberta invested US$ 187 million in highway development projects. Moreover, the Mexican government announced the initiative to attract foreign investors for 16 new highway projects with a total investment of US$ 4.6 billion in December 2020. FRP rebar can lower costs by reducing the workforce, decreasing installation charges, reducing the need for maintenance, and having a longer lifespan than many metals. It also has a high bearing impact threshold, which minimizes damage while loading or unloading material. Such benefits of FRP rebars and increasing government initiatives for infrastructure development are propelling the growth of the North America fiber reinforced polymer (FRP) rebars market.
Resin Type-Based Insights
Based on resin type, the North America fiber reinforced polymer (FRP) rebars market is segmented into vinyl ester, polyester, epoxy, and others. In 2021, the vinyl ester segment held the largest market share. Vinyl ester resins have high strength; high resistance to corrosion, fuels, chemicals, or vapors; and offer high mechanical toughness. They have great durability, heat resistance, and high tensile elongation strength. This resin can be impregnated with short glass fiber or carbon fiber to produce FRP rebars. The majority of the FRP rebar manufacturers use vinyl ester resin. The cost-effectiveness of vinyl ester has boosted the growth of the segment.
North America Fiber Reinforced Polymer (FRP) Rebars Market Share, by Resin Type, 2021 and 2028
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North America Fiber Reinforced Polymer (FRP) Rebars Market: Strategic Insights
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North America Fiber Reinforced Polymer (FRP) Rebars Market: Strategic Insights
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Owens Corning; KODIAC Fiberglass Rebar; MARSHALL COMPOSITE TECHNOLOGIES, LLC; TUF-BAR; Armastek USA; Pultron Composites; FiRep Inc.; PULTRALL, Inc.; Schock Bauteile GmbH; and Dextra Group are among the major players operating in the North America fiber reinforced polymer (FRP) rebars market. The leading players adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and clientele. For instance, Owens Corning established a joint venturing agreement with Pultron Composites Ltd., a manufacturer of pultruded fiber reinforced polymers, to build its composite materials' manufacturing capabilities. The agreement helps the company in increasing the reach of products such as PINKBAR+Fiberglas Rebar and MATEENBAR Fiberglas Rebar in the US market.
Report Spotlights
- Progressive trends in the fiber reinforced polymer (FRP) rebars industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the North America fiber reinforced polymer (FRP) rebars market from 2022 to 2028
- Estimation of the demand for fiber reinforced polymer (FRP) rebars
- Porters analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and the demand for fiber reinforced polymer (FRP) rebars
- Market trends and outlook, and factors driving and restraining the North America fiber reinforced polymer (FRP) rebars market growth
- Understanding the strategies that underpin commercial interest with regard to the North America fiber reinforced polymer (FRP) rebars market growth, aiding in the decision-making process
- North America fiber reinforced polymer (FRP) rebars market size at various nodes of market
- Detailed overview and segmentation of the North America fiber reinforced polymer (FRP) rebars market, and its industry dynamics
North America fiber reinforced polymer (FRP) rebars market size in various regions with promising growth opportunities The "North America Fiber Reinforced Polymer (FRP) Rebars Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the North America fiber reinforced polymer (FRP) rebars market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The North America fiber reinforced polymer (FRP) rebars market is segmented into resin type, fiber type, and application. Based on resin type, the market is segmented into vinyl ester, polyester, epoxy, and others. Based on fiber type, the market is categorized into glass fiber composites, carbon fiber composites, and basalt fiber composites. Based on application, the market is segmented into highway bridge and construction, marine structures and waterfronts, water treatment plants, and others. In 2021, the highway bridge and construction segment held the largest market share, and it is expected to register the highest CAGR during the forecast period.
Company Profiles
- Owens Corning
- KODIAC Fiberglass Rebar
- MARSHALL COMPOSITE TECHNOLOGIES, LLC
- TUF-BAR
- Armastek USA
- Pultron Composites
- FiRep Inc.
- PULTRALL, Inc.
- Schock Bauteile GmbH
- Dextra Group
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 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Fiber Reinforced Polymer (FRP) Rebars Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.5 List of Potential Customers
5. North America Fiber Reinforced Polymer (FRP) Rebars Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Application of FRP Rebars in Construction
5.1.2 Increasing Demand for Lightweight, High Strength, and Non-Corrosive Rebars
5.2 Market Restraints
5.2.1 Durability Issues in FRP Rebars
5.3 Market Opportunities
5.3.1 Rising Adoption of FRP Rebars in Water Treatment Plants
5.4 Future Trends
5.4.1 Strategic Development Initiatives by Manufacturers
5.5 Impact Analysis of Drivers and Restraint
6. North America Fiber Reinforced Polymer (FRP) Rebars Market – Global Market Analysis
6.1 North America Fiber Reinforced Polymer (FRP) Rebars Market Overview
6.2 North America Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. North America Fiber Reinforced Polymer (FRP) Rebars Market Analysis – By Resin Type
7.1 Overview
7.2 North America Fiber Reinforced Polymer (FRP) Rebars Market, By Resin Type (2021 and 2028)
7.3 Vinyl Ester
7.3.1 Overview
7.3.2 Vinyl Ester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Vinyl Ester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
7.4 Polyester
7.4.1 Overview
7.4.2 Polyester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Polyester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
7.5 Epoxy
7.5.1 Overview
7.5.2 Epoxy: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 Epoxy: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
7.6.3 Others: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast to 2028 (Tonnes)
8. North America Fiber Reinforced Polymer (FRP) Rebars Market Analysis – Fiber Type
8.1 Overview
8.2 North America Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type (2021 and 2028)
8.3 Glass Fiber Composite
8.3.1 Overview
8.3.2 Glass Fiber Composite: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Carbon Fiber Composite
8.4.1 Overview
8.4.2 Carbon Fiber Composite: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3 Basalt Fiber Composite
8.4.3.1 Overview
8.4.3.2 Basalt Fiber Composite: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Fiber Reinforced Polymer (FRP) Rebars Market Analysis – Application
9.1 Overview
9.2 North America Fiber Reinforced Polymer (FRP) Rebars Market, By Application (2021 and 2028)
9.3 Highway Bridge and Construction
9.3.1 Overview
9.3.2 Highway Bridge and Construction: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Marine Structures and Waterfronts
9.4.1 Overview
9.4.2 Marine Structures and Waterfronts: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Water Treatment Plants
9.5.1 Overview
9.5.2 Water Treatment Plants: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Fiber Reinforced Polymer (FRP) Rebars Market – Geographical Analysis
10.1 North America: North America Fiber Reinforced Polymer (FRP) Rebars Market
10.1.1 North America: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Key Country
10.1.1.1 US: North America Fiber Reinforced Polymer (FRP) Rebars Market –Volume and Forecast to 2028 (Tonnes)
10.1.1.2 US: North America Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 US: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.2.2 US: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.2.3 US: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.2.4 US: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.3 Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonnes)
10.1.1.4 Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.4.2 Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.4.3 Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.4.4 Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application
10.1.1.5 Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonnes)
10.1.1.6 Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.6.2 Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type
10.1.1.6.3 Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type
10.1.1.6.4 Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application
11. Impact of COVID-19 Pandemic on North America FRP Rebars Market
11.1 Impact of COVID-19 on North America FRP Rebars Market
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Partnership Strategy
13. Company Profiles
13.1 Owens Corning
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 KODIAC Fiberglass Rebar
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 MARSHALL COMPOSITE TECHNOLOGIES, LLC.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 TUF-BAR
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 Armastek USA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Pultron Composites
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 FiRep Inc.
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 PULTRALL, Inc.
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 Schock Bauteile GmbH
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 Dextra Group
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 Development
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. List of Potential Customers
Table 2. North America Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type– Volume and Forecast to 2028 (Tonnes)
Table 5. North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 7. US North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonnes)
Table 8. US North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. US North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonnes)
Table 12. Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Volume and Forecast to 2028 (Tonnes)
Table 16. Mexico North America Fiber Reinforced Polymer (FRP) Rebars Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico North America Fiber Reinforced Polymer (FRP) Rebars Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico North America Fiber Reinforced Polymer (FRP) Rebars Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms, North America Fiber Reinforced Polymer (FRP) Rebars Market
LIST OF FIGURES
Figure 1. North America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation
Figure 2. North America Fiber Reinforced Polymer (FRP) Rebars Market Segmentation – By Geography
Figure 3. North America Fiber Reinforced Polymer (FRP) Rebars Market Overview
Figure 4. North America Fiber Reinforced Polymer (FRP) Rebars Market, By Fiber Type
Figure 5. North America Fiber Reinforced Polymer (FRP) Rebars Market, By Geography
Figure 6. North America Fiber Reinforced Polymer (FRP) Rebars Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. North America Fiber Reinforced Polymer (FRP) Rebars Market - Ecosystem
Figure 10. North America Fiber Reinforced Polymer (FRP) Rebars Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of North America Fiber Reinforced Polymer (FRP) Rebars Market
Figure 12. North America: Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Resin Type (2021 and 2028)
Figure 14. Vinyl Ester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Vinyl Ester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 16. Polyester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Polyester: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 18. Epoxy: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Epoxy: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 20. Others: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Others: North America Fiber Reinforced Polymer (FRP) Rebars Market – Volume and Forecast To 2028 (Tonnes)
Figure 22. North America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 23. Glass Fiber Composite: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Carbon Fiber Composite: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Basalt Fiber Composite: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. North America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, By Application (2021 and 2028)
Figure 27. Highway Bridge and Construction: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Marine Structures and Waterfronts: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Water Treatment Plants: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Others: North America Fiber Reinforced Polymer (FRP) Rebars Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. North America: North America Fiber Reinforced Polymer (FRP) Rebars Market Revenue Share, by Key Country (2021 and 2028)
Figure 32. US: North America Fiber Reinforced Polymer (FRP) Rebars Market –Volume and Forecast to 2028 (Tonnes)
Figure 33. US: North America Fiber Reinforced Polymer (FRP) Rebars Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonnes)
Figure 35. Canada: North America Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market–Volume and Forecast to 2028 (Tonnes)
Figure 37. Mexico: North America Fiber Reinforced Polymer (FRP) Rebars Market–Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic on North American Country Markets
- Owens Corning
- KODIAC Fiberglass Rebar
- MARSHALL COMPOSITE TECHNOLOGIES, LLC.
- TUF-BAR
- Armastek USA
- Pultron Composites
- FiRep Inc.
- PULTRALL, Inc.
- Schock Bauteile GmbH
- Dextra Group
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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Plastic Pipes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Corrugated (Single-Wall and Multi-Wall) and Smoothwall], Material Type (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), Application (Water Supply, Sewage and Drainage, Irrigation, Gas Distribution, and Others), End-Use Industry (Construction and Infrastructure, Water and Wastewater Management, Oil and Gas, and Others), and Geography
Aug 2022
Nonwovens for Energy Applications Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy], and Geography
Aug 2022
Hot Melt Adhesives Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Glue Sticks, Glue Slugs, and Others), Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others), Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others), and Geography
Aug 2022
Cosmetic Preservatives Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Source (Natural and Synthetic), Product Type (Parabens, Formaldehyde Releasers, Organic Acids, Quaternary Compounds, Phenol Derivatives, Alcohols, and Others), Application (Hair Care, Skin Care, Makeup Products, Toiletries, Perfumes and Deodorants, and Others), and Geography
Aug 2022
Sealants Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Silicone Sealants, Polyurethane Sealants, Acrylic Sealants, Polysulfide Sealants, Butyl Sealants, Hybrid Sealants (Silane Modified Polymer Sealants, Polyurethane Modified Acrylic Sealants, and Others), and Others], Application (Waterproofing, Insulation, Bonding and Sealing, Soundproofing, and Others), End-Use Industry (Building & Construction, Automotive, Electronics, Healthcare, Aerospace & Defense, Marine, Energy & Power, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Aug 2022
Polyacrylic Acid Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)
Aug 2022
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
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