US Glass Fiber Reinforced Plastic Composites (GFRP) for Bridge Construction Market to Grow at a CAGR of 5.6% to reach US$ 134.40 million from 2022 to 2030
The US glass fiber reinforced plastic (GFRP) composites for bridge construction market size is expected to grow from US$ 86.64 million in 2022 to US$ 134.40 million by 2030; it is expected to register a CAGR of 5.6% from 2022 to 2030.
MARKET ANALYSIS
Fiber reinforced plastic composites have various benefits such as high strength with low unit weight, corrosion resistance, parts consolidation, dimensional stability, nonconductive, and design flexibility. Glass fiber has a high heat-transition temperature and outstanding mechanical properties, which makes it useful in many applications where design flexibility and continuously high temperature and resistance to thermal degradation are critical. Glass fiber reinforced plastic composites are made from plastic resins and glass fibers. The composites are used for bridge decking, railings, approach slabs, and many other applications in bridge construction.
GROWTH DRIVERS AND CHALLENGES
Growing infrastructural developments and various advantages of glass fiber reinforced plastic composites drive the US glass fiber reinforced plastic (GFRP) composites for bridge construction market growth. In the US, the construction industry is one of the major industries. Increasing investments and government initiatives for developing public infrastructure fuel the growth of the US construction industry. In the US, the construction of new bridges and repair, rehabilitation, and replacement of old bridges are increasing. The growing construction of new bridges and repair, rehabilitation, and/or replacement of old bridges propel the demand for different construction materials, including glass fiber reinforced plastic composites. Thus, the growing new bridge construction and old bridge repair, rehabilitation, and/or replacement activities fuel the US glass fiber reinforced plastic (GFRP) composites for bridge construction market growth in the country. In bridge construction, the composites are used for bridge decking, railings, approach slabs, and many other applications. The highest use of glass fiber reinforced plastic composites in bridge engineering is in deck slab construction. In addition, the composites are used to build deck girders due to their high strength. The availability of substitute products poses a challenge to the glass fiber reinforced plastic (GFRP) composite for bridge construction market. Carbon fiber reinforced plastic composite is the major substitute product for glass fiber reinforced plastic composites. Carbon fiber has more strength than glass fiber. Also, carbon fiber is less flexible than glass fiber. Carbon fiber weighs about 15% less than fiberglass composites. It has a negative coefficient of thermal expansion, so the material in its purest form actually expands in cold temperatures. Hence, the availability of substitute product restrains the US glass fiber reinforced plastic (GFRP) composites for bridge construction market growth.
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US Glass Fiber Reinforced Plastic Composites (GFRP) for Bridge Construction Market: Strategic Insights
Market Size Value in US$ 86.64 million in 2022 Market Size Value by US$ 134.40 million by 2030 Growth rate CAGR of 5.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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US Glass Fiber Reinforced Plastic Composites (GFRP) for Bridge Construction Market: Strategic Insights
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Market Size Value in | US$ 86.64 million in 2022 |
Market Size Value by | US$ 134.40 million by 2030 |
Growth rate | CAGR of 5.6% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis to 2030" is a specialized and in-depth study with a major focus on the US market trends and growth opportunities. The report aims to provide an overview of the US market with detailed market segmentation on the basis of resin type, technology, bridge type, application, and geography. The US glass fiber reinforced plastic (GFRP) composites for bridge construction market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of glass fiber reinforced plastic (GFRP) composites for bridge construction in the US. In addition, the report provides a qualitative assessment of various factors affecting the glass fiber reinforced plastic (GFRP) composites market’s performance in the US. The report also includes a comprehensive analysis of the leading players in the glass fiber reinforced plastic (GFRP) composites for bridge construction market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the US glass fiber reinforced plastic (GFRP) composites for bridge construction market, which helps understand the entire supply chain and various factors affecting the market growth.
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SEGMENTAL ANALYSIS
The US glass fiber reinforced plastic (GFRP) composites for bridge construction market is segmented on the basis of resin type, technology, bridge type, and application. Based on resin type, the glass fiber reinforced plastic (GFRP) composites for bridge construction market is segmented into epoxy, vinyl ester, polyester, and others. By technology, the market is segmented into injection molding, spray-up, filament winding, compression molding, pultrusion, resin infusion, and others. Based on bridge type, the market is segmented into vehicular bridge, railway bridge, and pedestrian bridge. Based on application, the market is segmented into deck and decking components, bridge railings, approach slabs, and others. Based on resin type, the polyester segment accounted for a significant share in the market. Polyester resin-based glass fiber composites are used in the production of architectural components. Glass fiber/polyester composites are used for the manufacturing of sandwich girders, utilized in bridge construction. Based on technology, the spray-up segment accounted for a significant market share. Spray-up technology enables the rapid fabrication of uniform composite coating. Advanced technologies such as robotic spraying enable automatic spraying, reduce cost, and enhance product quality. In terms of bridge type, the vehicular bridge segment accounted for a significant market share. Vehicular bridges are generally constructed using concrete, steel, reinforced concrete, and composite materials. Construction companies choose materials based on cost, durability, and other specific project requirements. Structural components of a vehicular bridge include a bridge deck, abutments, girders, arches, and beams.
US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market – Resin Type, 2022 and 2030
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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REGIONAL ANALYSIS
The report provides a detailed overview of the glass fiber reinforced plastic (GFRP) composites for bridge construction market with respect to the US. The US glass fiber reinforced plastic (GFRP) composites for bridge construction market accounted for US$ 86.64 million in 2022. Bridge construction companies and engineers utilize GFRP composites to enhance or add capacity to existing bridge structures as well as for new construction. GFRP installation in bridge construction is achieved by adhering to guidelines published by the US Department of Transportation Federal Highway Administration. The organizations recognize GFRP composite bridge decks, rebars and other structures as lightweight and corrosion resistant solutions for new construction projects. The US government is highly focused on the development of infrastructure to provide easy commute and safety for residents and reduce traffic congestion.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
The report provides a detailed overview of the US glass fiber reinforced plastic (GFRP) composites for bridge construction market.
- In 2022, Owens Corning and Pultron Composites formed a joint venture to produce fiberglass rebar. The company stated that the agreement helps increase its PINKBAR+ Fiberglas Rebar and MATEENBAR Fiberglas Rebar Products reach in the US market.
- In 2021, Owens Corning's infrastructure solutions business launched MATEENBAR Fiberglas Rebar to strengthen its position in the US composites industry.
IMPACT OF COVID-19/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The report provides a detailed overview of the glass fiber reinforced plastic (GFRP) composites for bridge construction market in the US. Before the emergence of the COVID-19 pandemic, manufacturers invested in research to develop GFRP composite composites for bridge construction. During the pandemic, manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, impacting the production rate of glass fiber reinforced plastic composites. The demand and supply gap were also recorded due to fluctuating demand from the construction industry, which otherwise involved demand for large volumes of composites for infrastructure development.
In 2021, rising vaccination rates contributed to improvements in the overall conditions in the US, which led to conducive environments for the chemicals & materials industry. The sales of glass fiber reinforced plastic composites increased with the resumption of projects and operations of companies operating in the construction industry by the end of 2021. The requirement for repair and rehabilitation of aging infrastructure creates a constant demand for glass fiber reinforced plastic composites. According to the US Census Bureau, the total construction spending in the US during the first five months of 2023 accounted for US$ 740.8 billion. Total construction spending included investment in the office, commercial, transportation, highway, and street development.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Dextra Group, Enduro Composites Inc, Ensinger GmbH, Exel Composites Oyj, Jiangsu Chemlead New Material Co Ltd, Krempel GmbH, Owens Corning, Rochling SE & Co KG, Strongwell Corp, and Tencom Limited are among the key glass fiber reinforced plastic (GFRP) composites manufacturers operating in the US glass fiber reinforced plastic (GFRP) composites for bridge construction market.
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Resin Type, Technology, Bridge Type, and Application
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Insights: The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Intensity of Competitive Rivalry
4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
4.2.1 Raw Material Suppliers
4.2.2 Manufacturers
4.2.3 Distributors/Suppliers
4.2.4 End User
4.2.5 List of Vendors in Value Chain
5. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Infrastructural Developments
5.1.2 Various Advantages of Glass Fiber Reinforced Plastic Composites
5.2 Market Restraints
5.2.1 Availability of Substitute Products
5.3 Market Opportunities
5.3.1 Recycling of Composite Materials
5.4 Future Trends
5.4.1 Growing Focus on Using Sustainable Solutions
5.5 Impact Analysis
6. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market - US Market Analysis
6.1 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction – US Market Overview
6.2 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Volume (Tons), 2020 - 2030
6.3 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Revenue (US$ Mn), 2020 - 2030
6.4 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Forecast and Analysis
7. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Resin Type
7.1 Resin Type Market Forecasts and Analysis
7.2 Epoxy
7.2.1 Overview
7.2.2 Epoxy Market Volume and Forecast to 2030 (Tons)
7.2.3 Epoxy Market Revenue and Forecast to 2030 (US$ Million)
7.3 Vinyl Ester
7.3.1 Overview
7.3.2 Vinyl Ester Market Volume and Forecast to 2030 (Tons)
7.3.3 Vinyl Ester Market Revenue and Forecast to 2030 (US$ Million)
7.4 Polyester
7.4.1 Overview
7.4.2 Polyester Market Volume and Forecast to 2030 (Tons)
7.4.3 Polyester Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Volume and Forecast to 2030 (Tons)
7.5.3 Others Market Revenue and Forecast to 2030 (US$ Million)
8. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Technology
8.1 Technology Market Forecasts and Analysis
8.2 Injection Molding
8.2.1 Overview
8.2.2 Injection Molding Market Revenue and Forecast to 2030 (US$ Million)
8.3 Spray-Up
8.3.1 Overview
8.3.2 Spray-Up Market Revenue and Forecast to 2030 (US$ Million)
8.4 Filament Winding
8.4.1 Overview
8.4.2 Filament Winding Market Revenue and Forecast to 2030 (US$ Million)
8.5 Compression Molding
8.5.1 Overview
8.5.2 Compression Molding Market Revenue and Forecast to 2030 (US$ Million)
8.6 Pultrusion
8.6.1 Overview
8.6.2 Pultrusion Market Revenue and Forecast to 2030 (US$ Million)
8.7 Resin Infusion
8.7.1 Overview
8.7.2 Resin Infusion Market Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Bridge Type
9.1 Bridge Type Market Forecasts and Analysis
9.2 Vehicular Bridge
9.2.1 Overview
9.2.2 Vehicular Bridge Market Revenue and Forecast to 2030 (US$ Million)
9.3 Railway Bridge
9.3.1 Overview
9.3.2 Railway Bridge Market Revenue and Forecast to 2030 (US$ Million)
9.4 Pedestrian Bridge
9.4.1 Overview
9.4.2 Pedestrian Bridge Market Revenue and Forecast to 2030 (US$ Million)
10. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Application
10.1 Application Market Forecasts and Analysis
10.2 Deck and Decking Components
10.2.1 Overview
10.2.2 Deck and Decking Components Market Revenue and Forecast to 2030 (US$ Million)
10.3 Bridge Railings
10.3.1 Overview
10.3.2 Bridge Railings Market Revenue and Forecast to 2030 (US$ Million)
10.4 Approach Slabs
10.4.1 Overview
10.4.2 Approach Slabs Market Revenue and Forecast to 2030 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
11. Pre and Post Covid-19 Impact
11.1 Pre & Post Covid-19 Impact
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Competitive Landscape
13.1 Heat Map Analysis By Key Players
13.2 Company Positioning & Concentration
14. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market – Key Company Profiles
14.1 Dextra Asia Co Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Enduro Composites Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Ensinger GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Exel Composites Oyj
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Jiangsu Chemlead New Material Co Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Krempel GmbH
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Owens Corning
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rochling SE & Co KG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Tencom Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Strongwell Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Financial Overview
14.10.4 SWOT Analysis
14.10.5 Key Developments
15. Appendix
15.1 About Us
15.2 Glossary of Terms
List of Tables
Table 1. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Segmentation
Table 2. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Volume and Forecasts To 2030 (Tons)
Table 3. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Glossary of Terms, The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market
List of Figures
Figure 1. Porter's Five Forces Analysis
Figure 2. Ecosystem: The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market
Figure 3. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Impact Analysis of Drivers and Restraints
Figure 4. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Volume (Tons), 2020 – 2030
Figure 5. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Revenue (US$ Million), 2020 – 2030
Figure 6. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Resin Type, 2022 and 2030
Figure 7. Epoxy Market Volume and Forecasts To 2030 (Tons)
Figure 8. Epoxy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Vinyl Ester Market Volume and Forecasts To 2030 (Tons)
Figure 10. Vinyl Ester Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Polyester Market Volume and Forecasts To 2030 (Tons)
Figure 12. Polyester Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Volume and Forecasts To 2030 (Tons)
Figure 14. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Technology, 2022 and 2030
Figure 16. Injection Molding Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Spray-Up Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Filament Winding Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Compression Molding Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Pultrusion Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Resin Infusion Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Bridge Type, 2022 and 2030
Figure 24. Vehicular Bridge Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Railway Bridge Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Pedestrian Bridge Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Application, 2022 and 2030
Figure 28. Deck and Decking Components Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Bridge Railings Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Approach Slabs Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Company Positioning & Concentration
Figure 33. Heat Map Analysis by Key Players
The List of Companies - US Glass Fiber Reinforced Plastic Composite (GFRP) for Bridge Construction Market
- Dextra Asia Co Ltd
- Enduro Composites Inc
- Ensinger GmbH
- Exel Composites Oyj
- Jiangsu Chemlead New Material Co Ltd
- Krempel GmbH
- Owens Corning
- Rochling SE & Co KG
- Tencom Ltd
- Strongwell Corp
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 [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
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Sep 2023
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)