The Polyphthalamide Market is expected to register a CAGR of 7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The polyphthalamide market report is segmented by grade (glass fiber reinforced, carbon fiber reinforced, mineral filled, unfilled/unreinforced, and others). The market is segmented based on end-use industry (automotive, electrical and electronics, industrial, personal care, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Polyphthalamide Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Polyphthalamide Market Segmentation
Grade- Glass Fiber Reinforced
- Carbon Fiber Reinforced
- Mineral Filled
- Unfilled/Unreinforced
- Automotive
- Electrical and Electronics
- Industrial
- Personal Care
Strategic Insights
Polyphthalamide Market Growth Drivers- Rising Demand for High-Performance Material for Automotive, Aerospace, and Electronics: Polyphthalamide (PPA), with its exceptional mechanical properties, coupled with thermal stability, chemical and wear resistance, became extensively used for many high-performance applications among different sectors such as automotive, electronics, and industrial manufacturing. It can withstand a temperatures ranging from extremely high to bitterly low and very aggressive environments like those found below-the-hood automotive components, up to electrical and industrial connectors, devices, and equipment. Because now, with regard to the usage of lightweight and durable materials for performance enhancement, including aerospace, automotive, and electrical applications, industries have also been forging ahead into increasing demand for PPA.
- Automotive Industry Growth: This segment of the market for polyphthalamide shows the brightest prospects for growth, as it is the automobile. Main reason behind this fact tends to be that most manufacturers tend to shift from metal to advanced plastics for automotive applications to achieve increased fuel efficiency and lowered emissions through light-weight structure of components-increasingly, that trend will invariably increase the demand for polyphthalamide. In addition to enhancing the demand for PPA, growing trend in electric vehicles (EVs) and hybrid vehicles will make use of its high-temperature and electrical performance advantageous as a material in making sensitive components such as connectors, sensors, and parts of an automotive engine.
- Polyphthalamide (PPA) in the Electrical Industry: Among other things, the polyphthalamide becomes increasingly interesting for the electrical industry, especially in the production of connectors, switches, and other devices. This is attributed to its admirable electrical insulation properties and that high temperature resistance. Another essential factor is the growing requirement of compact, high-performance electronic devices and the trend of miniaturizing components, since PPA is able to withstand heat and other demands of these high-tech applications. Continuous increase in demand for PPA-based materials will be seen as electronics pervade different sectors such as telecommunications, consumer electronics, medical devices, and so on.
- Growing Focus on Sustainability: The paradigm of sustainability is gathering momentum in various industries across the globe; it will bring about a tilt in the face of the PPA towards a future perspective in the market. Manufacturers are busy working on producing formulation polyphthalamide products that are more sustainable, i.e., bio-based feedstock or recyclable materials. There appears to be a great possibility of demand for developing greener production processes of PPA because industry and consumer interests grow to be more and more inclined toward environment-friendly products. The emphasis will be on reducing the carbon footprint in PPA manufacturing to produce greener products which are also in line with the global trends in circular economies and sustainable products.
- Advancements in High-Performance Polyphthalamide (PPA) Grades: Material science progress has currently increased a trend in developing high-performance PPA grades with even better properties compared to standard PPA. Included in these developments are compounds that provide improved stiffness, strength, flame retardancy, or wear resistance. Automotive, electronics, and industrial sectors demand increasingly sophisticated materials-adoption of such high-performance grades, thus, very much expected in demand. Additionally, such an innovation enables PPA to compete better with other high performance of engineering plastics like polyetheretherketone (PEEK) and polyphenylene sulfide (PPS).
- Emerging Markets Spur Demand for Polyphthalamide (PPA): The increasing manufacturing strengths in emerging markets like Asia-Pacific, Latin America, and Africa shall lead to a burgeoning demand for polyphthalamide. Such rapid industrialization, urbanization, and technological advances in many countries in these regions, they have increased the need for high-performance materials for automotive, electronics, and industrial applications. The emergence of these manufacturing industries within the regions will create high demand in the market for PPA because of improving product quality and performance of these industries.
- Electric Vehicle Boom: The electric vehicle market is a focused and targeted area for future profits for any polyphthalamide manufacturer. With the increase in EV manufacturing, so is the demand for lightweight, yet durable heat-and impact-resistant materials for automobile parts. PPA has very great thermal stability and electrical resistance, making it suited for various components in electric vehicles such as battery connectors, wiring, and electrical insulation. Global transitions toward electric vehicles have thus opened excellent opportunities for the growth of the PPA industry as this market is still growing.
- 5G and Miniaturization of Electronics: The existing rollout of 5G technology along with miniaturization of electronics presents profitable growth for the polyphthalamide market. PPA is very good in electrical insulating properties, high thermal resistance, and strength at small dimensions. Hence, it can be applied as a product suitable for connectors and components of 5G infrastructure and advanced electronic devices. Demand for high-performance electronic devices is increasing further with the increasing demand for smartphones, wearables, and communication equipment due to performance that's hard to match. Given such demanding conditions for these miniaturized systems, manufacturers would be looking for materials such as PPA.
- Polyphthalamide (PPA) in High-Temperature and Chemical-Resistant Industrial Applications: Resilient to high temperatures as well as excellent resistance against chemicals and mechanical stress; thus is good for temperatures in high-temperature applications. Applications will be found in oil and gas, chemical processing, and power generation industries, which look for materials able to survive extreme environments. Polyphthalamide is also used in applications such as seals, gaskets, or valves subject to high temperatures and aggressive chemicals and therefore has considerable potential for the industrial market as companies seek to improve performance and reliability in their equipment.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyphthalamide Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Polyphthalamide Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift toward sustainable and eco-friendly PPA are expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polyphthalamide market due to the strong growth of the automotive industry in the region.
Based on end-use industry, the automotive segment is expected to witness the fastest growth during the forecast period.
Increasing demand for high-performance materials are driving the market growth.
Solvay S.A., Evonik Industries, BASF SE, Arkema, EMS-CHEMIE HOLDING AG, SABIC, Nagase America LLC, Avient Corporation, Mitsui Chemicals, and NHU Special Materials are the key players operating in the polyphthalamide market.
The Polyphthalamide Market is estimated to witness a CAGR of 7% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyphthalamide Market - By Type
1.3.2 Polyphthalamide Market - By Application
1.3.3 Polyphthalamide Market - By End use industry
1.3.4 Polyphthalamide Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYPHTHALAMIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POLYPHTHALAMIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. POLYPHTHALAMIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYPHTHALAMIDE - GLOBAL MARKET OVERVIEW
6.2. POLYPHTHALAMIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYPHTHALAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. UNFILLED
7.3.1. Overview
7.3.2. Unfilled Market Forecast and Analysis
7.4. MINERAL FILLED
7.4.1. Overview
7.4.2. Mineral Filled Market Forecast and Analysis
7.5. GLASS FIBER FILLED
7.5.1. Overview
7.5.2. Glass Fiber filled Market Forecast and Analysis
7.6. CARBON FIBER FILLED
7.6.1. Overview
7.6.2. Carbon Fiber Filled Market Forecast and Analysis
8. POLYPHTHALAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE MOTOR BOBBIN PARTS
8.3.1. Overview
8.3.2. Automotive Motor Bobbin Parts Market Forecast and Analysis
8.4. ELECTRONIC COMPONENTS
8.4.1. Overview
8.4.2. Electronic Components Market Forecast and Analysis
8.5. FUEL LINE CONNECTORS
8.5.1. Overview
8.5.2. Fuel Line Connectors Market Forecast and Analysis
8.6. COOLANT PUMPS
8.6.1. Overview
8.6.2. Coolant Pumps Market Forecast and Analysis
8.7. MEDICAL EQUIPMENT
8.7.1. Overview
8.7.2. Medical Equipment Market Forecast and Analysis
8.8. OIL AND GAS SUPPLY LINE
8.8.1. Overview
8.8.2. Oil and Gas Supply Line Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. POLYPHTHALAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. ELECTRICAL AND ELECTRONICS
9.4.1. Overview
9.4.2. Electrical and Electronics Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
9.6. OIL AND GAS
9.6.1. Overview
9.6.2. Oil and Gas Market Forecast and Analysis
9.7. HEALTHCARE
9.7.1. Overview
9.7.2. Healthcare Market Forecast and Analysis
9.8. PERSONAL CARE
9.8.1. Overview
9.8.2. Personal Care Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. POLYPHTHALAMIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polyphthalamide Market Overview
10.1.2 North America Polyphthalamide Market Forecasts and Analysis
10.1.3 North America Polyphthalamide Market Forecasts and Analysis - By Type
10.1.4 North America Polyphthalamide Market Forecasts and Analysis - By Application
10.1.5 North America Polyphthalamide Market Forecasts and Analysis - By End use industry
10.1.6 North America Polyphthalamide Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Polyphthalamide Market
10.1.6.1.1 Canada Polyphthalamide Market by Type
10.1.6.1.2 Canada Polyphthalamide Market by Application
10.1.6.1.3 Canada Polyphthalamide Market by End use industry
10.1.6.2 Mexico Polyphthalamide Market
10.1.6.2.1 Mexico Polyphthalamide Market by Type
10.1.6.2.2 Mexico Polyphthalamide Market by Application
10.1.6.2.3 Mexico Polyphthalamide Market by End use industry
10.1.6.3 US Polyphthalamide Market
10.1.6.3.1 US Polyphthalamide Market by Type
10.1.6.3.2 US Polyphthalamide Market by Application
10.1.6.3.3 US Polyphthalamide Market by End use industry
10.2. EUROPE
10.2.1 Europe Polyphthalamide Market Overview
10.2.2 Europe Polyphthalamide Market Forecasts and Analysis
10.2.3 Europe Polyphthalamide Market Forecasts and Analysis - By Type
10.2.4 Europe Polyphthalamide Market Forecasts and Analysis - By Application
10.2.5 Europe Polyphthalamide Market Forecasts and Analysis - By End use industry
10.2.6 Europe Polyphthalamide Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polyphthalamide Market
10.2.6.1.1 Germany Polyphthalamide Market by Type
10.2.6.1.2 Germany Polyphthalamide Market by Application
10.2.6.1.3 Germany Polyphthalamide Market by End use industry
10.2.6.2 France Polyphthalamide Market
10.2.6.2.1 France Polyphthalamide Market by Type
10.2.6.2.2 France Polyphthalamide Market by Application
10.2.6.2.3 France Polyphthalamide Market by End use industry
10.2.6.3 Italy Polyphthalamide Market
10.2.6.3.1 Italy Polyphthalamide Market by Type
10.2.6.3.2 Italy Polyphthalamide Market by Application
10.2.6.3.3 Italy Polyphthalamide Market by End use industry
10.2.6.4 United Kingdom Polyphthalamide Market
10.2.6.4.1 United Kingdom Polyphthalamide Market by Type
10.2.6.4.2 United Kingdom Polyphthalamide Market by Application
10.2.6.4.3 United Kingdom Polyphthalamide Market by End use industry
10.2.6.5 Russia Polyphthalamide Market
10.2.6.5.1 Russia Polyphthalamide Market by Type
10.2.6.5.2 Russia Polyphthalamide Market by Application
10.2.6.5.3 Russia Polyphthalamide Market by End use industry
10.2.6.6 Rest of Europe Polyphthalamide Market
10.2.6.6.1 Rest of Europe Polyphthalamide Market by Type
10.2.6.6.2 Rest of Europe Polyphthalamide Market by Application
10.2.6.6.3 Rest of Europe Polyphthalamide Market by End use industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polyphthalamide Market Overview
10.3.2 Asia-Pacific Polyphthalamide Market Forecasts and Analysis
10.3.3 Asia-Pacific Polyphthalamide Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Polyphthalamide Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Polyphthalamide Market Forecasts and Analysis - By End use industry
10.3.6 Asia-Pacific Polyphthalamide Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polyphthalamide Market
10.3.6.1.1 Australia Polyphthalamide Market by Type
10.3.6.1.2 Australia Polyphthalamide Market by Application
10.3.6.1.3 Australia Polyphthalamide Market by End use industry
10.3.6.2 China Polyphthalamide Market
10.3.6.2.1 China Polyphthalamide Market by Type
10.3.6.2.2 China Polyphthalamide Market by Application
10.3.6.2.3 China Polyphthalamide Market by End use industry
10.3.6.3 India Polyphthalamide Market
10.3.6.3.1 India Polyphthalamide Market by Type
10.3.6.3.2 India Polyphthalamide Market by Application
10.3.6.3.3 India Polyphthalamide Market by End use industry
10.3.6.4 Japan Polyphthalamide Market
10.3.6.4.1 Japan Polyphthalamide Market by Type
10.3.6.4.2 Japan Polyphthalamide Market by Application
10.3.6.4.3 Japan Polyphthalamide Market by End use industry
10.3.6.5 South Korea Polyphthalamide Market
10.3.6.5.1 South Korea Polyphthalamide Market by Type
10.3.6.5.2 South Korea Polyphthalamide Market by Application
10.3.6.5.3 South Korea Polyphthalamide Market by End use industry
10.3.6.6 Rest of Asia-Pacific Polyphthalamide Market
10.3.6.6.1 Rest of Asia-Pacific Polyphthalamide Market by Type
10.3.6.6.2 Rest of Asia-Pacific Polyphthalamide Market by Application
10.3.6.6.3 Rest of Asia-Pacific Polyphthalamide Market by End use industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polyphthalamide Market Overview
10.4.2 Middle East and Africa Polyphthalamide Market Forecasts and Analysis
10.4.3 Middle East and Africa Polyphthalamide Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Polyphthalamide Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Polyphthalamide Market Forecasts and Analysis - By End use industry
10.4.6 Middle East and Africa Polyphthalamide Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polyphthalamide Market
10.4.6.1.1 South Africa Polyphthalamide Market by Type
10.4.6.1.2 South Africa Polyphthalamide Market by Application
10.4.6.1.3 South Africa Polyphthalamide Market by End use industry
10.4.6.2 Saudi Arabia Polyphthalamide Market
10.4.6.2.1 Saudi Arabia Polyphthalamide Market by Type
10.4.6.2.2 Saudi Arabia Polyphthalamide Market by Application
10.4.6.2.3 Saudi Arabia Polyphthalamide Market by End use industry
10.4.6.3 U.A.E Polyphthalamide Market
10.4.6.3.1 U.A.E Polyphthalamide Market by Type
10.4.6.3.2 U.A.E Polyphthalamide Market by Application
10.4.6.3.3 U.A.E Polyphthalamide Market by End use industry
10.4.6.4 Rest of Middle East and Africa Polyphthalamide Market
10.4.6.4.1 Rest of Middle East and Africa Polyphthalamide Market by Type
10.4.6.4.2 Rest of Middle East and Africa Polyphthalamide Market by Application
10.4.6.4.3 Rest of Middle East and Africa Polyphthalamide Market by End use industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polyphthalamide Market Overview
10.5.2 South and Central America Polyphthalamide Market Forecasts and Analysis
10.5.3 South and Central America Polyphthalamide Market Forecasts and Analysis - By Type
10.5.4 South and Central America Polyphthalamide Market Forecasts and Analysis - By Application
10.5.5 South and Central America Polyphthalamide Market Forecasts and Analysis - By End use industry
10.5.6 South and Central America Polyphthalamide Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polyphthalamide Market
10.5.6.1.1 Brazil Polyphthalamide Market by Type
10.5.6.1.2 Brazil Polyphthalamide Market by Application
10.5.6.1.3 Brazil Polyphthalamide Market by End use industry
10.5.6.2 Argentina Polyphthalamide Market
10.5.6.2.1 Argentina Polyphthalamide Market by Type
10.5.6.2.2 Argentina Polyphthalamide Market by Application
10.5.6.2.3 Argentina Polyphthalamide Market by End use industry
10.5.6.3 Rest of South and Central America Polyphthalamide Market
10.5.6.3.1 Rest of South and Central America Polyphthalamide Market by Type
10.5.6.3.2 Rest of South and Central America Polyphthalamide Market by Application
10.5.6.3.3 Rest of South and Central America Polyphthalamide Market by End use industry
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. POLYPHTHALAMIDE MARKET, KEY COMPANY PROFILES
12.1. AKRO PLASTICS GMBH
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ARKEMA S.A.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BASF SE
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. EMS-CHEMIE HOLDING
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. EVONIK INDUSTRIES AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. NAGASE AMERICA CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. PLASTICOMP INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PROPOLYMERS INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SABIC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SOLVAY S.A.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Akro Plastics GMBH
2.Arkema S.A.
3.BASF SE
4.Ems-Chemie Holding
5.Evonik Industries AG
6.Nagase America Corporation
7.PlastiComp Inc.
8.Propolymers Inc.
9.SABIC
10.Solvay S.A.
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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