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

Coverage: Petroleum Resin Market covers analysis By Type (Aliphatic C5 Resins, Aromatic C9 Resins, Hydrogenated Hydrocarbon Resins, C5/C9 Resins); Application (Adhesive and Sealants, Paints and Coatings, Printing Inks, Rubber Compounding, Tapes and Labels, Others); End User Industry (Building and Construction, Tire Industry, Automotive, Personal Hygiene, Consumer Goods, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005645
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION
Petroleum resins are aromatic hydrocarbon resins and a byproduct of petroleum cracking. Petroleum resin is of different types such as aliphatic C5 resins, aromatic C9 resins, hydrogenated hydrocarbon resins, C5/C9 resins. C5 resin is produced by cracking of aliphatic crackers like piperylene and isoprene and c9 resin is formed by the aromatic crackers like vinyltoluenes, indene, alpha methylstyrene, etc. These petroleum resins are used as tackifiers, performance modifiers and homogenizing agents. Petroleum resins provide improved tensile strength, enhance fatigue resistance, fillers and wetting of the filler surface, retardation of cut growth by the dissipation of stress at the crack tip, etc. Applications such as adhesives and sealants, paints and coatings, printing inks, rubber, etc. have extensive usage of petroleum resins.

MARKET DYNAMICS
Increasing demand for the petroleum resins for automotive and construction industry will drive the growth of the demand for petroleum resin market. Furthermore, the growing demand for hydrogenated hydrocarbon petroleum resins will further propel the growth of the petroleum resin market. Predominantly, changing raw material prices may hamper the petroleum resin market. However, increasing demand for the low VOC and eco-friendly resin will create the opportunity for the petroleum resin market.

MARKET SCOPE
The "Petroleum Resin 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 the petroleum resin market with detailed market segmentation by type, application, end-user industry and region. The petroleum resin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading petroleum resin market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The petroleum resin market is segmented on the basis of type, application, end user industry. On the basis of type, the petroleum resin market is segmented into, aliphatic C5 resins, aromatic C9 resins, hydrogenated hydrocarbon resins, C5/C9 resins. On the basis of application, the petroleum resin market is segmented into, adhesive & sealants, paints & coatings, printing inks, rubber compounding, tapes & labels, others. On the basis of end-user industry, the petroleum resin market is segmented into, building & construction, tire industry, automotive, personal hygiene, consumer goods, others. 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 petroleum resin 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 America. The petroleum resin 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 the petroleum resin 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 America after evaluating political, economic, social and technological factors affecting the petroleum resin 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 petroleum resin 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 America. The petroleum resin 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 the petroleum resin 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 America after evaluating political, economic, social and technological factors affecting the petroleum resin market in these regions.

MARKET PLAYERS
The reports cover key developments in the petroleum resin 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 way for the expansion of business and customer base of market players. The market payers from Thermal spray coatingsmarket are anticipated to lucrative growth opportunities in the future with the rising demand for petroleum resin in the global market. Below mentioned is the list of few companies engaged in the petroleum resin market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the petroleum resin market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
  • Anglxxon Chemical Co., Ltd
  • Arakawa Chemical Industries Limited
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Innova (Tianjin) Chemical Co., Limited
  • Kolon Industries, Inc.
  • Lesco Chemical Limited
  • Neville Chemical Company
  • Total Cray Valley
  • Zeon Corporation
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.

  • 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
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
1.3.1Petroleum Resin Market - By Type
1.3.2Petroleum Resin Market - By Application
1.3.3Petroleum Resin Market - By End User Industry
1.3.4Petroleum Resin Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.PETROLEUM RESIN MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS

5.PETROLEUM RESIN 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.PETROLEUM RESIN MARKET - GLOBAL MARKET ANALYSIS
6.1.PETROLEUM RESIN - GLOBAL MARKET OVERVIEW
6.2.PETROLEUM RESIN - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.PETROLEUM RESIN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.ALIPHATIC C5 RESINS
7.3.1.Overview
7.3.2.Aliphatic C5 Resins Market Forecast and Analysis
7.4.AROMATIC C9 RESINS
7.4.1.Overview
7.4.2.Aromatic C9 Resins Market Forecast and Analysis
7.5.HYDROGENATED HYDROCARBON RESINS
7.5.1.Overview
7.5.2.Hydrogenated Hydrocarbon Resins Market Forecast and Analysis
7.6.C5/C9 RESINS
7.6.1.Overview
7.6.2.C5/C9 Resins Market Forecast and Analysis
8.PETROLEUM RESIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.ADHESIVE AND SEALANTS
8.3.1.Overview
8.3.2.Adhesive and Sealants Market Forecast and Analysis
8.4.PAINTS AND COATINGS
8.4.1.Overview
8.4.2.Paints and Coatings Market Forecast and Analysis
8.5.PRINTING INKS
8.5.1.Overview
8.5.2.Printing Inks Market Forecast and Analysis
8.6.RUBBER COMPOUNDING
8.6.1.Overview
8.6.2.Rubber Compounding Market Forecast and Analysis
8.7.TAPES AND LABELS
8.7.1.Overview
8.7.2.Tapes and Labels Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.PETROLEUM RESIN MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
9.1.OVERVIEW
9.2.END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3.BUILDING AND CONSTRUCTION
9.3.1.Overview
9.3.2.Building and Construction Market Forecast and Analysis
9.4.TIRE INDUSTRY
9.4.1.Overview
9.4.2.Tire Industry Market Forecast and Analysis
9.5.AUTOMOTIVE
9.5.1.Overview
9.5.2.Automotive Market Forecast and Analysis
9.6.PERSONAL HYGIENE
9.6.1.Overview
9.6.2.Personal Hygiene Market Forecast and Analysis
9.7.CONSUMER GOODS
9.7.1.Overview
9.7.2.Consumer Goods Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis

10.PETROLEUM RESIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Petroleum Resin Market Overview
10.1.2North America Petroleum Resin Market Forecasts and Analysis
10.1.3North America Petroleum Resin Market Forecasts and Analysis - By Type
10.1.4North America Petroleum Resin Market Forecasts and Analysis - By Application
10.1.5North America Petroleum Resin Market Forecasts and Analysis - By End User Industry
10.1.6North America Petroleum Resin Market Forecasts and Analysis - By Countries
10.1.6.1Canada Petroleum Resin Market
10.1.6.1.1Canada Petroleum Resin Market by Type
10.1.6.1.2Canada Petroleum Resin Market by Application
10.1.6.1.3Canada Petroleum Resin Market by End User Industry
10.1.6.2Mexico Petroleum Resin Market
10.1.6.2.1Mexico Petroleum Resin Market by Type
10.1.6.2.2Mexico Petroleum Resin Market by Application
10.1.6.2.3Mexico Petroleum Resin Market by End User Industry
10.1.6.3US Petroleum Resin Market
10.1.6.3.1US Petroleum Resin Market by Type
10.1.6.3.2US Petroleum Resin Market by Application
10.1.6.3.3US Petroleum Resin Market by End User Industry
10.2.EUROPE
10.2.1Europe Petroleum Resin Market Overview
10.2.2Europe Petroleum Resin Market Forecasts and Analysis
10.2.3Europe Petroleum Resin Market Forecasts and Analysis - By Type
10.2.4Europe Petroleum Resin Market Forecasts and Analysis - By Application
10.2.5Europe Petroleum Resin Market Forecasts and Analysis - By End User Industry
10.2.6Europe Petroleum Resin Market Forecasts and Analysis - By Countries
10.2.6.1Germany Petroleum Resin Market
10.2.6.1.1Germany Petroleum Resin Market by Type
10.2.6.1.2Germany Petroleum Resin Market by Application
10.2.6.1.3Germany Petroleum Resin Market by End User Industry
10.2.6.2France Petroleum Resin Market
10.2.6.2.1France Petroleum Resin Market by Type
10.2.6.2.2France Petroleum Resin Market by Application
10.2.6.2.3France Petroleum Resin Market by End User Industry
10.2.6.3Italy Petroleum Resin Market
10.2.6.3.1Italy Petroleum Resin Market by Type
10.2.6.3.2Italy Petroleum Resin Market by Application
10.2.6.3.3Italy Petroleum Resin Market by End User Industry
10.2.6.4United Kingdom Petroleum Resin Market
10.2.6.4.1United Kingdom Petroleum Resin Market by Type
10.2.6.4.2United Kingdom Petroleum Resin Market by Application
10.2.6.4.3United Kingdom Petroleum Resin Market by End User Industry
10.2.6.5Russia Petroleum Resin Market
10.2.6.5.1Russia Petroleum Resin Market by Type
10.2.6.5.2Russia Petroleum Resin Market by Application
10.2.6.5.3Russia Petroleum Resin Market by End User Industry
10.2.6.6Rest of Europe Petroleum Resin Market
10.2.6.6.1Rest of Europe Petroleum Resin Market by Type
10.2.6.6.2Rest of Europe Petroleum Resin Market by Application
10.2.6.6.3Rest of Europe Petroleum Resin Market by End User Industry
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Petroleum Resin Market Overview
10.3.2Asia-Pacific Petroleum Resin Market Forecasts and Analysis
10.3.3Asia-Pacific Petroleum Resin Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Petroleum Resin Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Petroleum Resin Market Forecasts and Analysis - By End User Industry
10.3.6Asia-Pacific Petroleum Resin Market Forecasts and Analysis - By Countries
10.3.6.1Australia Petroleum Resin Market
10.3.6.1.1Australia Petroleum Resin Market by Type
10.3.6.1.2Australia Petroleum Resin Market by Application
10.3.6.1.3Australia Petroleum Resin Market by End User Industry
10.3.6.2China Petroleum Resin Market
10.3.6.2.1China Petroleum Resin Market by Type
10.3.6.2.2China Petroleum Resin Market by Application
10.3.6.2.3China Petroleum Resin Market by End User Industry
10.3.6.3India Petroleum Resin Market
10.3.6.3.1India Petroleum Resin Market by Type
10.3.6.3.2India Petroleum Resin Market by Application
10.3.6.3.3India Petroleum Resin Market by End User Industry
10.3.6.4Japan Petroleum Resin Market
10.3.6.4.1Japan Petroleum Resin Market by Type
10.3.6.4.2Japan Petroleum Resin Market by Application
10.3.6.4.3Japan Petroleum Resin Market by End User Industry
10.3.6.5South Korea Petroleum Resin Market
10.3.6.5.1South Korea Petroleum Resin Market by Type
10.3.6.5.2South Korea Petroleum Resin Market by Application
10.3.6.5.3South Korea Petroleum Resin Market by End User Industry
10.3.6.6Rest of Asia-Pacific Petroleum Resin Market
10.3.6.6.1Rest of Asia-Pacific Petroleum Resin Market by Type
10.3.6.6.2Rest of Asia-Pacific Petroleum Resin Market by Application
10.3.6.6.3Rest of Asia-Pacific Petroleum Resin Market by End User Industry
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Petroleum Resin Market Overview
10.4.2Middle East and Africa Petroleum Resin Market Forecasts and Analysis
10.4.3Middle East and Africa Petroleum Resin Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Petroleum Resin Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Petroleum Resin Market Forecasts and Analysis - By End User Industry
10.4.6Middle East and Africa Petroleum Resin Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Petroleum Resin Market
10.4.6.1.1South Africa Petroleum Resin Market by Type
10.4.6.1.2South Africa Petroleum Resin Market by Application
10.4.6.1.3South Africa Petroleum Resin Market by End User Industry
10.4.6.2Saudi Arabia Petroleum Resin Market
10.4.6.2.1Saudi Arabia Petroleum Resin Market by Type
10.4.6.2.2Saudi Arabia Petroleum Resin Market by Application
10.4.6.2.3Saudi Arabia Petroleum Resin Market by End User Industry
10.4.6.3U.A.E Petroleum Resin Market
10.4.6.3.1U.A.E Petroleum Resin Market by Type
10.4.6.3.2U.A.E Petroleum Resin Market by Application
10.4.6.3.3U.A.E Petroleum Resin Market by End User Industry
10.4.6.4Rest of Middle East and Africa Petroleum Resin Market
10.4.6.4.1Rest of Middle East and Africa Petroleum Resin Market by Type
10.4.6.4.2Rest of Middle East and Africa Petroleum Resin Market by Application
10.4.6.4.3Rest of Middle East and Africa Petroleum Resin Market by End User Industry
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Petroleum Resin Market Overview
10.5.2South and Central America Petroleum Resin Market Forecasts and Analysis
10.5.3South and Central America Petroleum Resin Market Forecasts and Analysis - By Type
10.5.4South and Central America Petroleum Resin Market Forecasts and Analysis - By Application
10.5.5South and Central America Petroleum Resin Market Forecasts and Analysis - By End User Industry
10.5.6South and Central America Petroleum Resin Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Petroleum Resin Market
10.5.6.1.1Brazil Petroleum Resin Market by Type
10.5.6.1.2Brazil Petroleum Resin Market by Application
10.5.6.1.3Brazil Petroleum Resin Market by End User Industry
10.5.6.2Argentina Petroleum Resin Market
10.5.6.2.1Argentina Petroleum Resin Market by Type
10.5.6.2.2Argentina Petroleum Resin Market by Application
10.5.6.2.3Argentina Petroleum Resin Market by End User Industry
10.5.6.3Rest of South and Central America Petroleum Resin Market
10.5.6.3.1Rest of South and Central America Petroleum Resin Market by Type
10.5.6.3.2Rest of South and Central America Petroleum Resin Market by Application
10.5.6.3.3Rest of South and Central America Petroleum Resin Market by End User 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.PETROLEUM RESIN MARKET, KEY COMPANY PROFILES
12.1.ANGLXXON CHEMICAL CO., LTD
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.ARAKAWA CHEMICAL INDUSTRIES LIMITED
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.EASTMAN CHEMICAL COMPANY
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.EXXON MOBIL CORPORATION
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.INNOVA (TIANJIN) CHEMICAL CO., LIMITED
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.KOLON INDUSTRIES, INC.
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.LESCO CHEMICAL LIMITED
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.NEVILLE CHEMICAL COMPANY
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.TOTAL CRAY VALLEY
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.ZEON CORPORATION
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.Anglxxon Chemical Co., Ltd
2.Arakawa Chemical Industries Limited
3.Eastman Chemical Company
4.Exxon Mobil Corporation
5.Innova (Tianjin) Chemical Co., Limited
6.Kolon Industries, Inc.
7.Lesco Chemical Limited
8.Neville Chemical Company
9.Total Cray Valley
10.Zeon Corporation

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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