Extruded Polystyrene Boards Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00834
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.07 |
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The Extruded Polystyrene Boards Market is set for significant growth, with an expected CAGR of 4.86% between 2022 and 2032. The market's value is projected to increase by USD 1,293.57 million during this period. Several factors are driving this growth, including the demand for energy-efficient building materials, increased construction activities, and a focus on thermal insulation. Extruded polystyrene boards are known for their excellent thermal properties and versatility in construction applications.
Extruded Polystyrene Boards Market Overview:
Drivers:
The construction industry's growth, particularly in residential and commercial sectors, contributes to the demand for extruded polystyrene boards. These boards are used in various construction applications, including roofs, walls, and foundations.
Trends:
Additionally, the adoption of extruded polystyrene boards in green building practices is increasing. These boards align with sustainability goals by improving energy efficiency and reducing the carbon footprint of buildings.
Restraints:
Environmental concerns related to the use of polystyrene materials have led to regulatory scrutiny. Compliance with environmental regulations and a focus on sustainable manufacturing processes are imperative for market players.
Extruded Polystyrene Boards Market Segmentation:
Application: Extruded polystyrene boards find applications in various industries, including:
- Residential Construction
- Commercial and Industrial Construction
- Transportation
- Others
Thickness: These boards are available in different thicknesses to cater to specific insulation requirements in construction and other applications.
End-User: The extruded polystyrene boards market serves various end-users, including construction contractors, architects, and manufacturers of building materials.
Regional Overview:
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North America: North America is expected to be a significant market for extruded polystyrene boards, driven by the region's construction activities and the need for energy-efficient building solutions. The United States and Canada are key markets.
Europe: Europe's focus on energy efficiency and sustainable construction practices supports the growth of the extruded polystyrene boards market. Countries like Germany, France, and the United Kingdom are prominent markets.
APAC: The Asia-Pacific region, led by countries such as China and India, is experiencing rapid urbanization and infrastructure development. The construction industry's growth contributes to the demand for insulation materials, including extruded polystyrene boards.
South America: South American construction and industrial activities create opportunities for the adoption of extruded polystyrene boards. Brazil and Argentina are potential growth markets.
Middle East & Africa: The Middle East & Africa region's construction projects, including commercial and residential buildings, contribute to the demand for insulation materials like extruded polystyrene boards.
Extruded Polystyrene Boards Market Customer Landscape: Understanding customer preferences and industry-specific requirements is essential for companies in the extruded polystyrene boards market. The report provides insights into the adoption of these boards across various industries and analyzes factors influencing customers' purchasing decisions, including thermal performance, cost-effectiveness, and environmental considerations.
Major Extruded Polystyrene Boards Market Companies: Companies in the extruded polystyrene boards market are striving to meet the demands of the construction and insulation industries:
- Dow, Inc.: Dow offers extruded polystyrene insulation solutions under the STYROFOAM™ brand. These boards provide thermal insulation for various construction applications.
- BASF SE: BASF produces extruded polystyrene boards known as Styrodur®. These boards offer thermal insulation and moisture resistance for building applications.
- Kingspan Group: Kingspan manufactures extruded polystyrene insulation boards under the Kooltherm® brand. These boards are designed for thermal efficiency in construction.
The competitive landscape analysis in the report evaluates 20 market companies, categorizing them based on their strengths, market presence, and specialization.
- Dow Chemical Company
- Owens Corning
- BASF SE
- Kingspan Group
- Saint-Gobain
- Knauf Insulation
- Johns Manville
- Recticel NV/SA
- Ravago Group
- Soprema Group
- Insulfoam
- Atlas Roofing Corporation
- Rmax Operating LLC
- Carlisle Construction Materials
- Duro-Last, Inc.
- Hunter Panels
- GAF
- Firestone Building Products
- Versico Roofing Systems
- Carlisle SynTec Systems
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
- Application Outlook (USD Million, 2019 - 2032):
- Residential Construction
- Commercial and Industrial Construction
- Transportation
- Others
- Thickness Outlook (USD Million, 2019 - 2032):
- Below 20 mm
- 20-40 mm
- Above 40 mm
- End-User Outlook (USD Million, 2019 - 2032):
- Construction Contractors
- Architects
- Manufacturers of Building Materials
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
United States Extruded Polystyrene Boards Market Report 2017
1 Extruded Polystyrene Boards Overview
1.1 Product Overview and Scope of Extruded Polystyrene Boards
1.2 Classification of Extruded Polystyrene Boards by Product Category
1.2.1 United States Extruded Polystyrene Boards Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Extruded Polystyrene Boards Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Conventional Type
1.2.4 High Insulation Type
1.3 United States Extruded Polystyrene Boards Market by Application/End Users
1.3.1 United States Extruded Polystyrene Boards Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Wall Heat Preservation
1.3.3 Roof Heat Preservation
1.3.4 Ground Insulation
1.4 United States Extruded Polystyrene Boards Market by Region
1.4.1 United States Extruded Polystyrene Boards Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Extruded Polystyrene Boards Status and Prospect (2012-2022)
1.4.3 Southwest Extruded Polystyrene Boards Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Extruded Polystyrene Boards Status and Prospect (2012-2022)
1.4.5 New England Extruded Polystyrene Boards Status and Prospect (2012-2022)
1.4.6 The South Extruded Polystyrene Boards Status and Prospect (2012-2022)
1.4.7 The Midwest Extruded Polystyrene Boards Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Extruded Polystyrene Boards (2012-2022)
1.5.1 United States Extruded Polystyrene Boards Sales and Growth Rate (2012-2022)
1.5.2 United States Extruded Polystyrene Boards Revenue and Growth Rate (2012-2022)
2 United States Extruded Polystyrene Boards Market Competition by Players/Suppliers
2.1 United States Extruded Polystyrene Boards Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Extruded Polystyrene Boards Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Extruded Polystyrene Boards Average Price by Players/Suppliers (2012-2017)
2.4 United States Extruded Polystyrene Boards Market Competitive Situation and Trends
2.4.1 United States Extruded Polystyrene Boards Market Concentration Rate
2.4.2 United States Extruded Polystyrene Boards Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Extruded Polystyrene Boards Manufacturing Base Distribution, Sales Area, Product Type
3 United States Extruded Polystyrene Boards Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Extruded Polystyrene Boards Sales and Market Share by Region (2012-2017)
3.2 United States Extruded Polystyrene Boards Revenue and Market Share by Region (2012-2017)
3.3 United States Extruded Polystyrene Boards Price by Region (2012-2017)
4 United States Extruded Polystyrene Boards Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Extruded Polystyrene Boards Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Extruded Polystyrene Boards Revenue and Market Share by Type (2012-2017)
4.3 United States Extruded Polystyrene Boards Price by Type (2012-2017)
4.4 United States Extruded Polystyrene Boards Sales Growth Rate by Type (2012-2017)
5 United States Extruded Polystyrene Boards Sales (Volume) by Application (2012-2017)
5.1 United States Extruded Polystyrene Boards Sales and Market Share by Application (2012-2017)
5.2 United States Extruded Polystyrene Boards Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States Extruded Polystyrene Boards Players/Suppliers Profiles and Sales Data
6.1 BASF
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 BASF Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 Knauf
6.2.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Knauf Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 The Dow Chemical
6.3.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 The Dow Chemical Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 Ursa
6.4.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Ursa Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Kingspan Insulation US
6.5.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Kingspan Insulation US Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Owens Corning
6.6.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Owens Corning Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 ACH Foam Technologies
6.7.2 Extruded Polystyrene Boards Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 ACH Foam Technologies Extruded Polystyrene Boards Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
...
7 Extruded Polystyrene Boards Manufacturing Cost Analysis
7.1 Extruded Polystyrene Boards Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Extruded Polystyrene Boards
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Extruded Polystyrene Boards Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Extruded Polystyrene Boards Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Extruded Polystyrene Boards Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Extruded Polystyrene Boards Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Extruded Polystyrene Boards Sales Volume Forecast by Type (2017-2022)
11.3 United States Extruded Polystyrene Boards Sales Volume Forecast by Application (2017-2022)
11.4 United States Extruded Polystyrene Boards Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of Extruded Polystyrene Boards
Figure United States Extruded Polystyrene Boards Market Size (K Units) by Type (2012-2022)
Figure United States Extruded Polystyrene Boards Sales Volume Market Share by Type (Product Category) in 2016
Figure Conventional Type Product Picture
Figure High Insulation Type Product Picture
Figure United States Extruded Polystyrene Boards Market Size (K Units) by Application (2012-2022)
Figure United States Sales Market Share of Extruded Polystyrene Boards by Application in 2016
Figure Wall Heat Preservation Examples
Table Key Downstream Customer in Wall Heat Preservation
Figure Roof Heat Preservation Examples
Table Key Downstream Customer in Roof Heat Preservation
Figure Ground Insulation Examples
Table Key Downstream Customer in Ground Insulation
Figure United States Extruded Polystyrene Boards Market Size (Million USD) by Region (2012-2022)
Figure The West Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Extruded Polystyrene Boards Sales (K Units) and Growth Rate (2012-2022)
Figure United States Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Extruded Polystyrene Boards Market Major Players Product Sales Volume (K Units) (2012-2017)
Table United States Extruded Polystyrene Boards Sales (K Units) of Key Players/Suppliers (2012-2017)
Table United States Extruded Polystyrene Boards Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Extruded Polystyrene Boards Sales Share by Players/Suppliers
Figure 2017 United States Extruded Polystyrene Boards Sales Share by Players/Suppliers
Figure United States Extruded Polystyrene Boards Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Extruded Polystyrene Boards Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Extruded Polystyrene Boards Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Extruded Polystyrene Boards Revenue Share by Players/Suppliers
Figure 2017 United States Extruded Polystyrene Boards Revenue Share by Players/Suppliers
Table United States Market Extruded Polystyrene Boards Average Price (USD/Unit) of Key Players/Suppliers (2012-2017)
Figure United States Market Extruded Polystyrene Boards Average Price (USD/Unit) of Key Players/Suppliers in 2016
Figure United States Extruded Polystyrene Boards Market Share of Top 3 Players/Suppliers
Figure United States Extruded Polystyrene Boards Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Extruded Polystyrene Boards Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Extruded Polystyrene Boards Product Category
Table United States Extruded Polystyrene Boards Sales (K Units) by Region (2012-2017)
Table United States Extruded Polystyrene Boards Sales Share by Region (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Share by Region (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Market Share by Region in 2016
Table United States Extruded Polystyrene Boards Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Extruded Polystyrene Boards Revenue Share by Region (2012-2017)
Figure United States Extruded Polystyrene Boards Revenue Market Share by Region (2012-2017)
Figure United States Extruded Polystyrene Boards Revenue Market Share by Region in 2016
Table United States Extruded Polystyrene Boards Price (USD/Unit) by Region (2012-2017)
Table United States Extruded Polystyrene Boards Sales (K Units) by Type (2012-2017)
Table United States Extruded Polystyrene Boards Sales Share by Type (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Share by Type (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Market Share by Type in 2016
Table United States Extruded Polystyrene Boards Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Extruded Polystyrene Boards Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Extruded Polystyrene Boards by Type (2012-2017)
Figure Revenue Market Share of Extruded Polystyrene Boards by Type in 2016
Table United States Extruded Polystyrene Boards Price (USD/Unit) by Types (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Growth Rate by Type (2012-2017)
Table United States Extruded Polystyrene Boards Sales (K Units) by Application (2012-2017)
Table United States Extruded Polystyrene Boards Sales Market Share by Application (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Market Share by Application (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Market Share by Application in 2016
Table United States Extruded Polystyrene Boards Sales Growth Rate by Application (2012-2017)
Figure United States Extruded Polystyrene Boards Sales Growth Rate by Application (2012-2017)
Table BASF Basic Information List
Table BASF Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure BASF Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure BASF Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure BASF Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table Knauf Basic Information List
Table Knauf Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Knauf Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure Knauf Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure Knauf Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table The Dow Chemical Basic Information List
Table The Dow Chemical Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure The Dow Chemical Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure The Dow Chemical Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure The Dow Chemical Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table Ursa Basic Information List
Table Ursa Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Ursa Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure Ursa Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure Ursa Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table Kingspan Insulation US Basic Information List
Table Kingspan Insulation US Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Kingspan Insulation US Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure Kingspan Insulation US Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure Kingspan Insulation US Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table Owens Corning Basic Information List
Table Owens Corning Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Owens Corning Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure Owens Corning Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure Owens Corning Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table ACH Foam Technologies Basic Information List
Table ACH Foam Technologies Extruded Polystyrene Boards Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure ACH Foam Technologies Extruded Polystyrene Boards Sales Growth Rate (2012-2017)
Figure ACH Foam Technologies Extruded Polystyrene Boards Sales Market Share in United States (2012-2017)
Figure ACH Foam Technologies Extruded Polystyrene Boards Revenue Market Share in United States (2012-2017)
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Extruded Polystyrene Boards
Figure Manufacturing Process Analysis of Extruded Polystyrene Boards
Figure Extruded Polystyrene Boards Industrial Chain Analysis
Table Raw Materials Sources of Extruded Polystyrene Boards Major Players/Suppliers in 2016
Table Major Buyers of Extruded Polystyrene Boards
Table Distributors/Traders List
Figure United States Extruded Polystyrene Boards Sales Volume (K Units) and Growth Rate Forecast (2017-2022)
Figure United States Extruded Polystyrene Boards Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Extruded Polystyrene Boards Price (USD/Unit) Trend Forecast (2017-2022)
Table United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Type in 2022
Table United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Application in 2022
Table United States Extruded Polystyrene Boards Sales Volume (K Units) Forecast by Region (2017-2022)
Table United States Extruded Polystyrene Boards Sales Volume Share Forecast by Region (2017-2022)
Figure United States Extruded Polystyrene Boards Sales Volume Share Forecast by Region (2017-2022)
Figure United States Extruded Polystyrene Boards Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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