North America Iron Casting Market Size and Growth (2021-2031)
The North America Iron Casting Market size is projected to reach US$ 50.19 billion by 2031 from US$ 33.40 billion in 2023. The market is expected to register a CAGR of ~5.2% during 2023–2031. The growing demand from end-use industries, including automotive, aerospace, and industrial machinery, is likely to remain a key North America iron casting market trend.
North America Iron Casting Market Analysis
Iron castings are crucial for the manufacturing of engine components, transmission to gearbox components, suspension systems, braking systems, wheels and rims, and other automotive components. Iron castings are also critical structural components used for the production of expansion joints, columns, beams, and trusses in the building & infrastructure industry. The production of precise and durable iron casting through advanced manufacturing processes enables the cost-effective production of critical automotive and construction elements. According to a 2022 report by the International Energy Agency, the sales of electric cars doubled in the US in 2021; the sales share increased by 4.5%, and 6.6 million units were sold in that year. According to the International Trade Administration data released in 2022, Mexico is the seventh largest global passenger vehicle producer, manufacturing ∼3 million vehicles yearly.
Nearly 90% of vehicles produced in Mexico are exported, of which ∼76% are exported to the US. North America also has well-established automotive producers such as Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz, and Volkswagen Group, as well as many original equipment manufacturers. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, North America recorded vehicle production of 13.4 million units.
North America Iron Casting Market Overview
North America consists of major automotive, aerospace, infrastructure & construction, and machinery industries. According to the American Foundry Society, highly engineered iron castings are used to produce most of the manufactured goods and machinery. North America consists of more than 1,900 metal casting facilities. Further, foundries serve industries such as automotive, construction, agriculture, heavy industrial machinery, aircraft & aerospace, railways, and pipelines in the US, Canada, and Mexico. The rising demand for iron casting from several end-use industries is prompting manufacturers to plan expansion in the region. For instance, in 2020, a division of Raytheon Technologies Corp, Pratt & Whitney, announced its plan to invest US$ 650 million through 2027 in a turbine airfoil production facility in North Carolina, US. The production facility was planned to have an advanced casting foundry for the production of turbine airfoils. In 2021, Mitsui Kinzoku Die-Casting Technology America built a US$ 20 million facility in Georgia. Automotive products will be developed in this facility. In 2021, IBC Advanced Alloys announced its plans to invest over US$ 5 million to build a copper casting facility. Thus, the expansion of end-use industries and strategic developments by iron casting manufacturers in North America are likely to boost the demand for iron casting.
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North America Iron Casting Market: Strategic Insights
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North America Iron Casting Market Drivers and Opportunities
Surging Adoption from Construction Industry Bolsters North America Iron Casting Market Growth
The construction sector is also witnessing growth in North America due to a robust economy and increased federal and state financing for commercial and institutional structures. According to a 2022 report by the USAFacts Institute, the federal government of the US passed the Infrastructure Investments and Jobs Act in 2021, allocating US$ 550 billion for new federal infrastructure, including the repair or rebuilding of bridges, roads, rail, and airports, for five years. A rise in investments by governments and private companies in infrastructure building & construction projects fuels the demand for construction materials, specifically iron casting. Therefore, the growing construction industry drives the demand for metal casting in North America.
Strategic Expansion Activities in North America
Metal casting manufacturers are constantly focusing on increasing their product offering portfolio and targeting new customer bases through geographical expansion strategies. Diversification in terms of geography reduces the company's dependency on specific locations for revenue generation and mitigates risk associated with market fluctuation. Companies seek opportunities to expand their geographic presence in several locations in North America. In 2023, Monomoy Capital Partners acquired the global iron casting supplier Waupaca Foundry Inc. The strategy aimed to increase the efficiency of manufacturing sites and raw material procurement in North America. In 2021, Kent Foundry planned a US$ 3.5 million expansion project to manufacture gray and ductile iron casting in the US. In 2021, The CA Lawton Co. acquired Penn-Mar, a gray and ductile iron foundry in Pennsylvania, US. Penn-Mar develops multi-cored, gray, and ductile iron casting ranging from 68 to 2,268 kgs. In 2021, Neenah Enterprises acquired an 18.7-acre manufacturing facility for US Foundry & Manufacturing Corp for US$ 17.43 million in Florida, US. Further, collaborative efforts with research institutions, universities, and other companies allowed iron casting businesses to access expertise and develop novel solutions. Therefore, strategic expansion strategies by several market players are expected to create lucrative opportunities in the North America iron casting market.
North America Iron Casting Market Report Segmentation Analysis
Key segments that contributed to the derivation of North America iron casting market analysis are type, process, and end use.
- Based on type, the market is segmented into grey iron, ductile iron, and others. The grey iron segment held the largest share of the market in 2023.
- In terms of process, the market is segmented into die casting, centrifugal casting, sand casting, investment casting, and others. The sand casting segment held the largest share of the market in 2023.
- By end use, the market is bifurcated into automotive, industrial machinery, aerospace, building & construction, energy, marine, and others. The automotive segment held the largest market share in 2023.
North America Iron Casting Market Share Analysis by Geography
The geographic scope of the North America iron casting market report is mainly divided into the US, Canada, and Mexico.
In terms of revenue, the US dominated the North America iron casting market share in 2023. Industries such as automotive, aerospace and industrial machinery widely use components manufactured from iron casting. In 2021, the Naval Foundry and Propeller Center manufactured 90.72 metric tons of iron casting for a Columbia-Class submarine. According to the American Foundry Society, the geographic concentration of casting facilities is dispersed in Ohio, Pennsylvania, Indiana, Illinois, Michigan, California, Texas, and Wisconsin, with ~1,500 foundries in the US. The country comprises both large-scale foundries and small-scale specialty iron casting foundries. Several foundries in the US are also focusing on sustainable practices such as the utilization of recycled materials and energy-efficient casting processes. Thus, the rising demand for iron casting from end-use industries propels the iron casting market growth in the country.
North America Iron Casting Market Report Scope
North America Iron Casting Market News and Recent Developments
The North America iron casting market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for iron casting and strategies:
- Proterial, Ltd. ("Proterial"), a leading international producer of high-performance materials for mobility, industrial infrastructure, and electronics, today announced the signing of a definitive agreement for Monomoy Capital Partners ("Monomoy") to acquire Waupaca Foundry, Inc. ("Waupaca Foundry" or the "Company"), North America's leading supplier of cast and machined iron castings. Waupaca Foundry will continue to operate under its current management team, led by President, CEO, and COO Michael Nikolai. Financial terms of the private transaction were not disclosed. (Source: Waupaca Foundry, Inc, Press Release, 2023)
North America Iron Casting Market Report Coverage and Deliverables
The "North America Iron Casting Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
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 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Iron Casting Market Landscape
4.1 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 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industry:
4.3.5 List of Vendors in the Value Chain
5. North America Iron Casting Market – Key Market Dynamics
5.1 North America Iron Casting Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Automotive and Construction Industry
5.2.2 Rising Demand for Industrial Machinery
5.3 Market Restraints
5.3.1 Fluctuations in Raw Material Prices
5.4 Market Opportunities
5.4.1 Strategic Expansion Activities
5.5 Future Trends
5.5.1 Recycling Initiatives
5.6 Impact Analysis
6. North America Iron Casting Market Analysis
6.1 North America Iron Casting Market Volume (Kilo Tons), 2021–2031
6.2 North America Iron Casting Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Iron Casting Market Revenue (US$ Million), 2023–2031
6.4 North America Iron Casting Market Forecast and Analysis
7. North America Iron Casting Market Volume and Revenue Analysis – by Type
7.1 Grey Iron
7.1.1 Overview
7.1.2 Grey Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Grey Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Ductile Iron
7.2.1 Overview
7.2.2 Ductile Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Ductile Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Iron Casting Market Revenue Analysis – by Process
8.1 Die Casting
8.1.1 Overview
8.1.2 Die Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Centrifugal Casting
8.2.1 Overview
8.2.2 Centrifugal Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Sand Casting
8.3.1 Overview
8.3.2 Sand Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Investment Casting
8.4.1 Overview
8.4.2 Investment Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Iron Casting Market Revenue Analysis – by End Use
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Industrial Machinery
9.2.1 Overview
9.2.2 Industrial Machinery: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Building and Construction
9.4.1 Overview
9.4.2 Building and Construction: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Energy
9.5.1 Overview
9.5.2 Energy: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Marine
9.6.1 Overview
9.6.2 Marine: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10. North America Iron Casting Market – Country Analysis
10.1 North America
10.1.1 North America Iron Casting Market Breakdown by Countries
10.1.2 North America Iron Casting Market Revenue and Forecast and Analysis – by Country
10.1.2.1 North America Iron Casting Market Volume and Forecast and Analysis – by Country
10.1.2.2 North America Iron Casting Market Revenue and Forecast and Analysis –by Country
10.1.2.3 United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.3.1 United States: North America Iron Casting Market Breakdown by Type
10.1.2.3.2 United States: North America Iron Casting Market Breakdown by Process
10.1.2.3.3 United States: North America Iron Casting Market Breakdown by End Use
10.1.2.4 Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.4.1 Canada: North America Iron Casting Market Breakdown by Type
10.1.2.4.2 Canada: North America Iron Casting Market Breakdown by Process
10.1.2.4.3 Canada: North America Iron Casting Market Breakdown by End Use
10.1.2.5 Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.5.1 Mexico: North America Iron Casting Market Breakdown by Type
10.1.2.5.2 Mexico: North America Iron Casting Market Breakdown by Process
10.1.2.5.3 Mexico: North America Iron Casting Market Breakdown by End Use
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Mergers And Acquisitions
12.3 Agreements, Collaborations, And Joint Ventures
12.4 New Product Launches
12.5 Expansions And Other Strategic Developments
13. Company Profiles
13.1 Aarrowcast Inc
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 Cadillac Casting Inc
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 Calmet Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fusium Inc
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 Decatur Foundry Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Grupo Industrial Saltillo SAB de CV
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 Willman Industries 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 OSCO Industries 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 Mesa Castings Inc
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 Waupaca Foundry Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. North America Iron Casting Market Segmentation
Table 2. List of Vendors
Table 3. North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 6. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 7. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 8. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 9. North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 10. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 11. United States: North America Iron Casting Market –Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 12. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 13. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 14. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 15. Canada: North America Iron Casting Market –Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 16. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 17. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 18. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 19. Mexico: North America Iron Casting Market –Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 20. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 21. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 22. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
List of Figures
Figure 1. North America Iron Casting Market Segmentation, by Geography
Figure 2. North America Iron Casting Market - Porter’s Analysis
Figure 3. Ecosystem: Iron Casting Market
Figure 4. Fluctuations in Iron Ore Prices from January 2019 to April 2023
Figure 5. North America Iron Casting Market Impact Analysis of Drivers and Restraints
Figure 6. North America Iron Casting Market Volume (Kilo Tons), 2021–2031
Figure 7. North America Iron Casting Market Revenue (US$ Million), 2023–2031
Figure 8. North America Iron Casting Market Share (%) – Type, 2023 and 2031
Figure 9. Grey Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 10. Grey Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Ductile Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 12. Ductile Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Others: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 14. Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. North America Iron Casting Market Share (%) – Process, 2023 and 2031
Figure 16. Die Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Centrifugal Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Sand Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Investment Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. North America Iron Casting Market Share (%) – End Use, 2023 and 2031
Figure 22. Automotive: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Industrial Machinery: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Aerospace: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Building and Construction: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Energy: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Marine: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. North America Iron Casting Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 30. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Heat Map Analysis
Figure 34. Company Positioning & Concentration
The List of Companies - North America Iron Casting Market
- Aarrowcast Inc
- Cadillac Casting Inc
- Calmet Inc
- Fusium Inc
- Decatur Foundry Inc
- Grupo Industrial Saltillo SAB de CV
- Willman Industries Inc
- OSCO Industries Inc
- Mesa Castings Inc
- Waupaca Foundry 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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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)
May 2024
Oil Pollution Remediation Materials Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
May 2024
Greenhouse and Mulch Film Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Greenhouse Films and Mulch Films), Material (LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and Others), and Application (Vegetable Farming, Horticulture, Floriculture, and Others)
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