Ceramic Textile Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Ceramic Textile Market covers analysis By Fiber Type (Vitreous Alumina-Silica Ceramic Fiber, Polycrystalline Ceramic Fiber); Form Type (Cloth , Ropes , Tapes , Sleeving , Braids , Others); End-Use Industry (Industrial , Transportation) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00006090
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The ceramic textile is also known as ferrous slag and is produced by adding lime and silica sand or limestone to the blast furnaces that results in eliminating the impurities from scrap, iron ore and other ferrous materials that also results in the lowering of the heat requirements of the iron-steel making. The ceramic textile can be achieved by numerous processes like blast furnace slags, granulated blast furnace slags, sir cooled blast furnace slag, steelmaking slag, converter slag and electric arc furnace slag. The applications of slag are widely determined by the process that is applied to cool the slag due to which the steel slags are cooled under suitable conditions, resulting into a dense and hard slag that is extensively used as an inexpensive aggregate.

MARKET DYNAMICS

The ceramic textile market is assumed to grow in the forecast owing to the high heat resistance capability of ceramic fiber in high-temperature applications coupled with the growth of end-use industries. However, the carcinogenic nature of refractory ceramic fiber might restrict the growth of the ceramic textile market. On the other hand, the growing applications in alternative energy and aerospace for ceramic textiles is likely to showcase growth opportunities for the ceramic textile market during the forecast period.

MARKET SCOPE

The "Global Ceramic Textile Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of ceramic textile market with detailed market segmentation by fiber type, form type, end-use industry, and geography. The global ceramic textile market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ceramic textile market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global ceramic textile market is segmented on the basis of fiber type, form type, and end-use industry. Based on fiber type, the market is segmented as vitreous alumina-silica ceramic fiber and polycrystalline ceramic fiber. On the basis of form type, the market is segmented as cloth, ropes, tapes, sleeving, braids and others. On the basis of end-use industry, the market is segmented as industrial and transportation.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ceramic textile market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ceramic textile market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting ceramic textile market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the ceramic textile market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ceramic textile market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ceramic textile market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting ceramic textile market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the ceramic textile market in these regions.

MARKET PLAYERS

The reports cover key developments in the ceramic textile market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from ceramic textile market are anticipated to lucrative growth opportunities in the future with the rising demand for ceramic textile in the global market. Below mentioned is the list of few companies engaged in the ceramic textile market.

The report also includes the profiles of key ceramic textile companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

  •  3M Company
  •  IBIDEN
  •  Isolite Insulating Products Co. Ltd.
  •  KEIR Manufacturing, Inc
  •  Luyang Energy-Saving Materials Co. Ltd.
  •  Morgan Advanced Materials Corporation
  •  Rath-Group
  •  Rauschert Steinbach GmbH
  •  Unifrax Corporation
  •  Zircar Zirconia, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ceramic Textile - By Fiber Type
1.3.2 Ceramic Textile - By Form Type
1.3.3 Ceramic Textile - By End-Use Industry
1.3.4 Ceramic Textile - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CERAMIC TEXTILE 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. CERAMIC TEXTILE - 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. CERAMIC TEXTILE - GLOBAL MARKET ANALYSIS
6.1. CERAMIC TEXTILE - GLOBAL MARKET OVERVIEW
6.2. CERAMIC TEXTILE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CERAMIC TEXTILE - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
7.1. OVERVIEW
7.2. FIBER TYPE MARKET FORECASTS AND ANALYSIS
7.3. VITREOUS ALUMINA-SILICA CERAMIC FIBER
7.3.1. Overview
7.3.2. Vitreous Alumina-Silica Ceramic Fiber Market Forecast and Analysis
7.4. POLYCRYSTALLINE CERAMIC FIBER
7.4.1. Overview
7.4.2. Polycrystalline Ceramic Fiber Market Forecast and Analysis

8. CERAMIC TEXTILE - REVENUE AND FORECASTS TO 2028 - FORM TYPE
8.1. OVERVIEW
8.2. FORM TYPE MARKET FORECASTS AND ANALYSIS
8.3. CLOTH
8.3.1. Overview
8.3.2. Cloth Market Forecast and Analysis
8.4. ROPES
8.4.1. Overview
8.4.2. Ropes Market Forecast and Analysis
8.5. TAPES
8.5.1. Overview
8.5.2. Tapes Market Forecast and Analysis
8.6. SLEEVING
8.6.1. Overview
8.6.2. Sleeving Market Forecast and Analysis
8.7. BRAIDS
8.7.1. Overview
8.7.2. Braids Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

9. CERAMIC TEXTILE - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. INDUSTRIAL
9.3.1. Overview
9.3.2. Industrial Market Forecast and Analysis
9.4. TRANSPORTATION
9.4.1. Overview
9.4.2. Transportation Market Forecast and Analysis

10. CERAMIC TEXTILE REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Ceramic Textile Overview
10.1.2 North America Ceramic Textile Forecasts and Analysis
10.1.3 North America Ceramic Textile Forecasts and Analysis - By Fiber Type
10.1.4 North America Ceramic Textile Forecasts and Analysis - By Form Type
10.1.5 North America Ceramic Textile Forecasts and Analysis - By End-Use Industry
10.1.6 North America Ceramic Textile Forecasts and Analysis - By Countries
10.1.6.1 Canada Ceramic Textile
10.1.6.1.1 Canada Ceramic Textile by Fiber Type
10.1.6.1.2 Canada Ceramic Textile by Form Type
10.1.6.1.3 Canada Ceramic Textile by End-Use Industry
10.1.6.2 Mexico Ceramic Textile
10.1.6.2.1 Mexico Ceramic Textile by Fiber Type
10.1.6.2.2 Mexico Ceramic Textile by Form Type
10.1.6.2.3 Mexico Ceramic Textile by End-Use Industry
10.1.6.3 US Ceramic Textile
10.1.6.3.1 US Ceramic Textile by Fiber Type
10.1.6.3.2 US Ceramic Textile by Form Type
10.1.6.3.3 US Ceramic Textile by End-Use Industry
10.2. EUROPE
10.2.1 Europe Ceramic Textile Overview
10.2.2 Europe Ceramic Textile Forecasts and Analysis
10.2.3 Europe Ceramic Textile Forecasts and Analysis - By Fiber Type
10.2.4 Europe Ceramic Textile Forecasts and Analysis - By Form Type
10.2.5 Europe Ceramic Textile Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Ceramic Textile Forecasts and Analysis - By Countries
10.2.6.1 Germany Ceramic Textile
10.2.6.1.1 Germany Ceramic Textile by Fiber Type
10.2.6.1.2 Germany Ceramic Textile by Form Type
10.2.6.1.3 Germany Ceramic Textile by End-Use Industry
10.2.6.2 France Ceramic Textile
10.2.6.2.1 France Ceramic Textile by Fiber Type
10.2.6.2.2 France Ceramic Textile by Form Type
10.2.6.2.3 France Ceramic Textile by End-Use Industry
10.2.6.3 Italy Ceramic Textile
10.2.6.3.1 Italy Ceramic Textile by Fiber Type
10.2.6.3.2 Italy Ceramic Textile by Form Type
10.2.6.3.3 Italy Ceramic Textile by End-Use Industry
10.2.6.4 United Kingdom Ceramic Textile
10.2.6.4.1 United Kingdom Ceramic Textile by Fiber Type
10.2.6.4.2 United Kingdom Ceramic Textile by Form Type
10.2.6.4.3 United Kingdom Ceramic Textile by End-Use Industry
10.2.6.5 Russia Ceramic Textile
10.2.6.5.1 Russia Ceramic Textile by Fiber Type
10.2.6.5.2 Russia Ceramic Textile by Form Type
10.2.6.5.3 Russia Ceramic Textile by End-Use Industry
10.2.6.6 Rest of Europe Ceramic Textile
10.2.6.6.1 Rest of Europe Ceramic Textile by Fiber Type
10.2.6.6.2 Rest of Europe Ceramic Textile by Form Type
10.2.6.6.3 Rest of Europe Ceramic Textile by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Ceramic Textile Overview
10.3.2 Asia-Pacific Ceramic Textile Forecasts and Analysis
10.3.3 Asia-Pacific Ceramic Textile Forecasts and Analysis - By Fiber Type
10.3.4 Asia-Pacific Ceramic Textile Forecasts and Analysis - By Form Type
10.3.5 Asia-Pacific Ceramic Textile Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Ceramic Textile Forecasts and Analysis - By Countries
10.3.6.1 Australia Ceramic Textile
10.3.6.1.1 Australia Ceramic Textile by Fiber Type
10.3.6.1.2 Australia Ceramic Textile by Form Type
10.3.6.1.3 Australia Ceramic Textile by End-Use Industry
10.3.6.2 China Ceramic Textile
10.3.6.2.1 China Ceramic Textile by Fiber Type
10.3.6.2.2 China Ceramic Textile by Form Type
10.3.6.2.3 China Ceramic Textile by End-Use Industry
10.3.6.3 India Ceramic Textile
10.3.6.3.1 India Ceramic Textile by Fiber Type
10.3.6.3.2 India Ceramic Textile by Form Type
10.3.6.3.3 India Ceramic Textile by End-Use Industry
10.3.6.4 Japan Ceramic Textile
10.3.6.4.1 Japan Ceramic Textile by Fiber Type
10.3.6.4.2 Japan Ceramic Textile by Form Type
10.3.6.4.3 Japan Ceramic Textile by End-Use Industry
10.3.6.5 South Korea Ceramic Textile
10.3.6.5.1 South Korea Ceramic Textile by Fiber Type
10.3.6.5.2 South Korea Ceramic Textile by Form Type
10.3.6.5.3 South Korea Ceramic Textile by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Ceramic Textile
10.3.6.6.1 Rest of Asia-Pacific Ceramic Textile by Fiber Type
10.3.6.6.2 Rest of Asia-Pacific Ceramic Textile by Form Type
10.3.6.6.3 Rest of Asia-Pacific Ceramic Textile by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Ceramic Textile Overview
10.4.2 Middle East and Africa Ceramic Textile Forecasts and Analysis
10.4.3 Middle East and Africa Ceramic Textile Forecasts and Analysis - By Fiber Type
10.4.4 Middle East and Africa Ceramic Textile Forecasts and Analysis - By Form Type
10.4.5 Middle East and Africa Ceramic Textile Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Ceramic Textile Forecasts and Analysis - By Countries
10.4.6.1 South Africa Ceramic Textile
10.4.6.1.1 South Africa Ceramic Textile by Fiber Type
10.4.6.1.2 South Africa Ceramic Textile by Form Type
10.4.6.1.3 South Africa Ceramic Textile by End-Use Industry
10.4.6.2 Saudi Arabia Ceramic Textile
10.4.6.2.1 Saudi Arabia Ceramic Textile by Fiber Type
10.4.6.2.2 Saudi Arabia Ceramic Textile by Form Type
10.4.6.2.3 Saudi Arabia Ceramic Textile by End-Use Industry
10.4.6.3 U.A.E Ceramic Textile
10.4.6.3.1 U.A.E Ceramic Textile by Fiber Type
10.4.6.3.2 U.A.E Ceramic Textile by Form Type
10.4.6.3.3 U.A.E Ceramic Textile by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Ceramic Textile
10.4.6.4.1 Rest of Middle East and Africa Ceramic Textile by Fiber Type
10.4.6.4.2 Rest of Middle East and Africa Ceramic Textile by Form Type
10.4.6.4.3 Rest of Middle East and Africa Ceramic Textile by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Ceramic Textile Overview
10.5.2 South and Central America Ceramic Textile Forecasts and Analysis
10.5.3 South and Central America Ceramic Textile Forecasts and Analysis - By Fiber Type
10.5.4 South and Central America Ceramic Textile Forecasts and Analysis - By Form Type
10.5.5 South and Central America Ceramic Textile Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Ceramic Textile Forecasts and Analysis - By Countries
10.5.6.1 Brazil Ceramic Textile
10.5.6.1.1 Brazil Ceramic Textile by Fiber Type
10.5.6.1.2 Brazil Ceramic Textile by Form Type
10.5.6.1.3 Brazil Ceramic Textile by End-Use Industry
10.5.6.2 Argentina Ceramic Textile
10.5.6.2.1 Argentina Ceramic Textile by Fiber Type
10.5.6.2.2 Argentina Ceramic Textile by Form Type
10.5.6.2.3 Argentina Ceramic Textile by End-Use Industry
10.5.6.3 Rest of South and Central America Ceramic Textile
10.5.6.3.1 Rest of South and Central America Ceramic Textile by Fiber Type
10.5.6.3.2 Rest of South and Central America Ceramic Textile by Form Type
10.5.6.3.3 Rest of South and Central America Ceramic Textile 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. CERAMIC TEXTILE, KEY COMPANY PROFILES
12.1. 3M COMPANY
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. IBIDEN
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. ISOLITE INSULATING PRODUCTS CO. LTD.
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. KEIR MANUFACTURING, INC
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. LUYANG ENERGY-SAVING MATERIALS CO. LTD.
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. MORGAN ADVANCED MATERIALS 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. RATH-GROUP
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. RAUSCHERT STEINBACH GMBH
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. UNIFRAX CORPORATION
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. ZIRCAR ZIRCONIA, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1.3M Company2.IBIDEN3.Isolite Insulating Products Co. Ltd.4.KEIR Manufacturing, Inc5.Luyang Energy-Saving Materials Co. Ltd.6.Morgan Advanced Materials Corporation7.Rath-Group8.Rauschert Steinbach GmbH9.Unifrax Corporation10.Zircar Zirconia, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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