Weathering Steel Market
Weathering Steel Market Forecasts to 2028 - Global Analysis By Type (Corten-A, Corten-B and Other Types), Form (Plates, Bar, Sheets, Stripes, Rivet and Tubes), Availability (Painted and Unpainted) End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.36 BN |
|
Projected Year Value (2028) |
US $2.51 BN |
|
CAGR (2022 - 2028) |
10.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Weathering Steel Market is accounted for $1.36 billion in 2022 and is expected to reach $2.51 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Weathering steel, also known as low-alloy steel, contains less than 0.2 weight percent carbon and up to 3-5 weight percent alloying elements, primarily Cu, Ni, P, Cr, Si, and Mn. Weathering steel is distinct from other corrosion-resistant steels, such as austenitic stainless steel, which never rusts. Its high strength and superior corrosion resistance across the whole life cycle make it a perfect choice for bridge building.
According to the World Steel Association, in 2022, the production of crude steel will be 1,878.5 million tons. The building and infrastructure industry is the largest consumer of finished steel and accounts for approximately 50% of total world steel consumption, followed by the automotive and transportation industries.
Market Dynamics:
Driver:
Widespread use in building constructions
The use of weathering steels in the construction of new highway bridges has increased noticeably. Bridges composed of weathering steel can easily outlast their 120-year design life with little upkeep since it corrodes at such a low pace. In reality, weathering steel construction has numerous additional benefits, including lower life cycle costs and enhanced safety. Furthermore, the weathering of the steel eliminates the need for a protective paint system and shortens inspection cycles. Due to its unique features, such as great corrosion resistance, weathering steel is ideal for outdoor decorations and constructions which include high strength, chemical resistance, resistance to elevated temperatures, and wear resistance thus all the above factors are propelling the market growth.
Restraint:
Restriction to a particular climate and area
Weathering steel is restricted in coastal and moist tropical regions because it may cause the rusty covering to disintegrate instead of condense into a protective coating. As a result, the growth pace of the weathering steel market would be challenged. Additionally, fluctuations in the price of raw materials used to create weathering steel result in high costs for manufacturers, limiting the expansion of the weathering steel market share.
Opportunity:
Plate form demand has increased
Plates are the most common and widely used type of weathering steel. Weathering steel plates not only add strength to buildings and other structures, but they also enhance their attractive appearance. Weathering plates are also used to extend the life of metal in situations involving elevated temperatures and a lot of Sulphur. Heavy-duty transportation is another key application for weathering steel plate. Severe weather conditions can be detrimental to both railway rolling stock and cargo containers. This makes weathering steel an appealing material since it only begins to oxidise in a dynamic environment and generates a generous amount of protective rust. As a result, the increasing demand for and use of plate weathering steel encourages in the entire market's growth.
Threat:
Associated drawbacks
With weathering steel, specific scenarios might cause concerns with long-term durability. Weathering steel should not be utilised in environments with high levels of chlorine. The high concentration of corrosives found in chlorine-rich environments will not be tolerated by the protective rust layer, resulting in premature failure. In severe cases, the use of de-icing salts on roads near weathered steel may cause problems. Except for concentrated amounts that are applied to the surface of the weathering steel and are not allowed to be rinsed away by rain, their use is generally not an issue. In most situations, substantial rust staining on nearby surfaces, particularly concrete, arises from the initial surface weathering of exposed weathering, these disadvantages will impede the expansion of the weathering steel market.
Covid-19 Impact
The recent corona virus pandemic has had a detrimental influence on the weathering steel business, as the epidemic has reduced demand for weathering steel. Despite the fact that steel was considered an essential industry in many countries, the pandemic resulted in a significant decrease in the demand for weathering steel manufacturing. Manufacturing of railway carriages, oil derricks, seaport structures and gearbox towers has been limited to avoid the spread of Covid-19, and decreased energy prices have resulted in substantially lower consumption from industries like as oil and gas. Many non-essential construction projects have been halted as a result of the COVID-19 outbreak.
The Corten-A segment is expected to be the largest during the forecast period
The Corten-A segment is estimated to have a lucrative growth, due to its a weather-resistant steel made by combining copper, chromium, and nickel. Corten A has phosphorous added, making the material ideal for gas flue applications and beautiful facias. The material is not suitable for large load bearing applications. The material's top layer reacts with atmospheric elements to generate a rust-colored protective layer, which not only renders the steel nearly maintenance-free but also offers an attractive and uniform appearance.
The Plates segment is expected to have the highest CAGR during the forecast period
The Plates segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its unusually high strength. Copper, nickel, chromium, phosphorous, and manganese are among the materials used in the plates because of their outstanding corrosion resistance. It also improves hardness, durability, and finish consistency. When left untreated, these plates grow a protective covering on their outer surface. These layers ensure that the steel substance will not be affected by acidic environments. The oxidation of the plates is increased by further exposure to dry and humid circumstances, as well as sandblasting. These plates are often employed in external constructions where there are few opportunities for inspection.
Region with highest share:
North America is projected to hold the largest market share owing to the rapid development during the forecast period. Moreover due to rising demand for weathering steel in the United States, Canada, and Mexico and due to high demand from end-use sectors such as aerospace and defence, medical and dental, automotive, electronics, and others this region has been growing at a rapid pace thus enhancing the market growth in this region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to Germany which dominates the region, with approximately 190 infrastructure projects under construction. Highway expansion plans in European countries are expected to improve product demand. The ongoing significant road projects in the United Kingdom, such as the A14 upgrade between Cambridge and Huntingdon in England, the M4 motorway improvement in England, and the A9 Perth-to-Inverness duelling project in Scotland, are driving the market.
Key players in the market
Some of the key players profiled in the Weathering Steel Market include United States Steel Corporation, Nippon Steel, Tata Steel, Sumitomo Metal Corporation, SSAB AB, HBIS Group, Baosteel, Hebei Iron and Steel Group, Steel Dynamics, TERNIUM S.A, TimkenSteel Corporation, Voestalpine AG, Wuhan Iron and Steel Group, Arcelor Mittal, Umicore, Jinchuan Group International Resources Co. Ltd, Huayou Cobalt Co., Ltd, Votorantim Metais SA, Eramet and Sumitomo Corporation
Key Developments:
In March 2023, United States Steel Corporation announced that its new electrical steel product, InduX™, will begin production at its Big River Steel facility in the summer of 2023 with the commissioning of its new non-grain oriented (NGO) electrical steel line.
In March 2023, U. S. Steel has launched its first podcast series, Steel Stories by U. S. Steel, a thought-provoking look at the ever-changing world of steel, featuring interviews with industry experts and leaders with unique insights on events and developments shaping the future of steel and the shifting landscape of American manufacturing.
In March 2023, Nippon Steel Corporation (“NSC”) and Ternium Investments S.à r.l. and its three group companies (collectively, “Ternium”) agreed to amend the Amended and Restated Shareholders Agreement (the “Existing SHA”) dated October 17, 2018
In Feb 2023, U. S. Steel Announces Supply Agreement with General Motors for U.S.-Sourced Sustainable verdeX® Steel, The steel is manufactured with up to 75 percent fewer emissions compared to traditional blast furnace production1, is made with up to 90 percent recycled content and is endlessly recyclable without degradation.
Types Covered:
• Corten-A
• Corten-B
• Other Types
Forms Covered:
• Plates
• Bars
• Sheets
• Stripes
• Rivets
• Tubes
Availabilities Covered:
• Painted
• Unpainted
End Users Covered:
• Transportation
• Building & Construction
• Industrial
• Art & Architecture
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Weathering Steel Market, By Type
5.1 Introduction
5.2 Corten-A
5.3 Corten-B
5.4 Other Types
6 Global Weathering Steel Market, By Form
6.1 Introduction
6.2 Plates
6.3 Bars
6.4 Sheets
6.5 Stripes
6.6 Rivets
6.7 Tubes
7 Global Weathering Steel Market, By Availability
7.1 Introduction
7.2 Painted
7.3 Unpainted
8 Global Weathering Steel Market, By End User
8.1 Introduction
8.2 Transportation
8.3 Building & Construction
8.4 Industrial
8.5 Art & Architecture
8.6 Other End Users
9 Global Weathering Steel Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 United States Steel Corporation
11.2 Nippon Steel
11.3 Tata Steel
11.4 Sumitomo Metal Corporation
11.5 SSAB AB
11.6 HBIS Group
11.7 Baosteel
11.8 Hebei Iron and Steel Group
11.9 Steel Dynamics
11.10 TERNIUM S.A
11.11 TimkenSteel Corporation
11.12 Voestalpine AG
11.13 Wuhan Iron and Steel Group
11.14 Arcelor Mittal
11.15 Umicore
11.16 Jinchuan Group International Resources Co. Ltd
11.17 Huayou Cobalt Co., Ltd
11.18 Votorantim Metais SA
11.19 Eramet
11.20 Sumitomo Corporation
List of Tables
1 Global Weathering Steel Market Outlook, By Region (2020-2028) ($MN)
2 Global Weathering Steel Market Outlook, By Type (2020-2028) ($MN)
3 Global Weathering Steel Market Outlook, By Corten-A (2020-2028) ($MN)
4 Global Weathering Steel Market Outlook, By Corten-B (2020-2028) ($MN)
5 Global Weathering Steel Market Outlook, By Other Types (2020-2028) ($MN)
6 Global Weathering Steel Market Outlook, By Form (2020-2028) ($MN)
7 Global Weathering Steel Market Outlook, By Plates (2020-2028) ($MN)
8 Global Weathering Steel Market Outlook, By Bars (2020-2028) ($MN)
9 Global Weathering Steel Market Outlook, By Sheets (2020-2028) ($MN)
10 Global Weathering Steel Market Outlook, By Stripes (2020-2028) ($MN)
11 Global Weathering Steel Market Outlook, By Rivets (2020-2028) ($MN)
12 Global Weathering Steel Market Outlook, By Tubes (2020-2028) ($MN)
13 Global Weathering Steel Market Outlook, By Availability (2020-2028) ($MN)
14 Global Weathering Steel Market Outlook, By Painted (2020-2028) ($MN)
15 Global Weathering Steel Market Outlook, By Unpainted (2020-2028) ($MN)
16 Global Weathering Steel Market Outlook, By End User (2020-2028) ($MN)
17 Global Weathering Steel Market Outlook, By Transportation (2020-2028) ($MN)
18 Global Weathering Steel Market Outlook, By Building & Construction (2020-2028) ($MN)
19 Global Weathering Steel Market Outlook, By Industrial (2020-2028) ($MN)
20 Global Weathering Steel Market Outlook, By Art & Architecture (2020-2028) ($MN)
21 Global Weathering Steel Market Outlook, By Other End Users (2020-2028) ($MN)
22 North America Weathering Steel Market Outlook, By Country (2020-2028) ($MN)
23 North America Weathering Steel Market Outlook, By Type (2020-2028) ($MN)
24 North America Weathering Steel Market Outlook, By Corten-A (2020-2028) ($MN)
25 North America Weathering Steel Market Outlook, By Corten-B (2020-2028) ($MN)
26 North America Weathering Steel Market Outlook, By Other Types (2020-2028) ($MN)
27 North America Weathering Steel Market Outlook, By Form (2020-2028) ($MN)
28 North America Weathering Steel Market Outlook, By Plates (2020-2028) ($MN)
29 North America Weathering Steel Market Outlook, By Bars (2020-2028) ($MN)
30 North America Weathering Steel Market Outlook, By Sheets (2020-2028) ($MN)
31 North America Weathering Steel Market Outlook, By Stripes (2020-2028) ($MN)
32 North America Weathering Steel Market Outlook, By Rivets (2020-2028) ($MN)
33 North America Weathering Steel Market Outlook, By Tubes (2020-2028) ($MN)
34 North America Weathering Steel Market Outlook, By Availability (2020-2028) ($MN)
35 North America Weathering Steel Market Outlook, By Painted (2020-2028) ($MN)
36 North America Weathering Steel Market Outlook, By Unpainted (2020-2028) ($MN)
37 North America Weathering Steel Market Outlook, By End User (2020-2028) ($MN)
38 North America Weathering Steel Market Outlook, By Transportation (2020-2028) ($MN)
39 North America Weathering Steel Market Outlook, By Building & Construction (2020-2028) ($MN)
40 North America Weathering Steel Market Outlook, By Industrial (2020-2028) ($MN)
41 North America Weathering Steel Market Outlook, By Art & Architecture (2020-2028) ($MN)
42 North America Weathering Steel Market Outlook, By Other End Users (2020-2028) ($MN)
43 Europe Weathering Steel Market Outlook, By Country (2020-2028) ($MN)
44 Europe Weathering Steel Market Outlook, By Type (2020-2028) ($MN)
45 Europe Weathering Steel Market Outlook, By Corten-A (2020-2028) ($MN)
46 Europe Weathering Steel Market Outlook, By Corten-B (2020-2028) ($MN)
47 Europe Weathering Steel Market Outlook, By Other Types (2020-2028) ($MN)
48 Europe Weathering Steel Market Outlook, By Form (2020-2028) ($MN)
49 Europe Weathering Steel Market Outlook, By Plates (2020-2028) ($MN)
50 Europe Weathering Steel Market Outlook, By Bars (2020-2028) ($MN)
51 Europe Weathering Steel Market Outlook, By Sheets (2020-2028) ($MN)
52 Europe Weathering Steel Market Outlook, By Stripes (2020-2028) ($MN)
53 Europe Weathering Steel Market Outlook, By Rivets (2020-2028) ($MN)
54 Europe Weathering Steel Market Outlook, By Tubes (2020-2028) ($MN)
55 Europe Weathering Steel Market Outlook, By Availability (2020-2028) ($MN)
56 Europe Weathering Steel Market Outlook, By Painted (2020-2028) ($MN)
57 Europe Weathering Steel Market Outlook, By Unpainted (2020-2028) ($MN)
58 Europe Weathering Steel Market Outlook, By End User (2020-2028) ($MN)
59 Europe Weathering Steel Market Outlook, By Transportation (2020-2028) ($MN)
60 Europe Weathering Steel Market Outlook, By Building & Construction (2020-2028) ($MN)
61 Europe Weathering Steel Market Outlook, By Industrial (2020-2028) ($MN)
62 Europe Weathering Steel Market Outlook, By Art & Architecture (2020-2028) ($MN)
63 Europe Weathering Steel Market Outlook, By Other End Users (2020-2028) ($MN)
64 Asia Pacific Weathering Steel Market Outlook, By Country (2020-2028) ($MN)
65 Asia Pacific Weathering Steel Market Outlook, By Type (2020-2028) ($MN)
66 Asia Pacific Weathering Steel Market Outlook, By Corten-A (2020-2028) ($MN)
67 Asia Pacific Weathering Steel Market Outlook, By Corten-B (2020-2028) ($MN)
68 Asia Pacific Weathering Steel Market Outlook, By Other Types (2020-2028) ($MN)
69 Asia Pacific Weathering Steel Market Outlook, By Form (2020-2028) ($MN)
70 Asia Pacific Weathering Steel Market Outlook, By Plates (2020-2028) ($MN)
71 Asia Pacific Weathering Steel Market Outlook, By Bars (2020-2028) ($MN)
72 Asia Pacific Weathering Steel Market Outlook, By Sheets (2020-2028) ($MN)
73 Asia Pacific Weathering Steel Market Outlook, By Stripes (2020-2028) ($MN)
74 Asia Pacific Weathering Steel Market Outlook, By Rivets (2020-2028) ($MN)
75 Asia Pacific Weathering Steel Market Outlook, By Tubes (2020-2028) ($MN)
76 Asia Pacific Weathering Steel Market Outlook, By Availability (2020-2028) ($MN)
77 Asia Pacific Weathering Steel Market Outlook, By Painted (2020-2028) ($MN)
78 Asia Pacific Weathering Steel Market Outlook, By Unpainted (2020-2028) ($MN)
79 Asia Pacific Weathering Steel Market Outlook, By End User (2020-2028) ($MN)
80 Asia Pacific Weathering Steel Market Outlook, By Transportation (2020-2028) ($MN)
81 Asia Pacific Weathering Steel Market Outlook, By Building & Construction (2020-2028) ($MN)
82 Asia Pacific Weathering Steel Market Outlook, By Industrial (2020-2028) ($MN)
83 Asia Pacific Weathering Steel Market Outlook, By Art & Architecture (2020-2028) ($MN)
84 Asia Pacific Weathering Steel Market Outlook, By Other End Users (2020-2028) ($MN)
85 South America Weathering Steel Market Outlook, By Country (2020-2028) ($MN)
86 South America Weathering Steel Market Outlook, By Type (2020-2028) ($MN)
87 South America Weathering Steel Market Outlook, By Corten-A (2020-2028) ($MN)
88 South America Weathering Steel Market Outlook, By Corten-B (2020-2028) ($MN)
89 South America Weathering Steel Market Outlook, By Other Types (2020-2028) ($MN)
90 South America Weathering Steel Market Outlook, By Form (2020-2028) ($MN)
91 South America Weathering Steel Market Outlook, By Plates (2020-2028) ($MN)
92 South America Weathering Steel Market Outlook, By Bars (2020-2028) ($MN)
93 South America Weathering Steel Market Outlook, By Sheets (2020-2028) ($MN)
94 South America Weathering Steel Market Outlook, By Stripes (2020-2028) ($MN)
95 South America Weathering Steel Market Outlook, By Rivets (2020-2028) ($MN)
96 South America Weathering Steel Market Outlook, By Tubes (2020-2028) ($MN)
97 South America Weathering Steel Market Outlook, By Availability (2020-2028) ($MN)
98 South America Weathering Steel Market Outlook, By Painted (2020-2028) ($MN)
99 South America Weathering Steel Market Outlook, By Unpainted (2020-2028) ($MN)
100 South America Weathering Steel Market Outlook, By End User (2020-2028) ($MN)
101 South America Weathering Steel Market Outlook, By Transportation (2020-2028) ($MN)
102 South America Weathering Steel Market Outlook, By Building & Construction (2020-2028) ($MN)
103 South America Weathering Steel Market Outlook, By Industrial (2020-2028) ($MN)
104 South America Weathering Steel Market Outlook, By Art & Architecture (2020-2028) ($MN)
105 South America Weathering Steel Market Outlook, By Other End Users (2020-2028) ($MN)
106 Middle East & Africa Weathering Steel Market Outlook, By Country (2020-2028) ($MN)
107 Middle East & Africa Weathering Steel Market Outlook, By Type (2020-2028) ($MN)
108 Middle East & Africa Weathering Steel Market Outlook, By Corten-A (2020-2028) ($MN)
109 Middle East & Africa Weathering Steel Market Outlook, By Corten-B (2020-2028) ($MN)
110 Middle East & Africa Weathering Steel Market Outlook, By Other Types (2020-2028) ($MN)
111 Middle East & Africa Weathering Steel Market Outlook, By Form (2020-2028) ($MN)
112 Middle East & Africa Weathering Steel Market Outlook, By Plates (2020-2028) ($MN)
113 Middle East & Africa Weathering Steel Market Outlook, By Bars (2020-2028) ($MN)
114 Middle East & Africa Weathering Steel Market Outlook, By Sheets (2020-2028) ($MN)
115 Middle East & Africa Weathering Steel Market Outlook, By Stripes (2020-2028) ($MN)
116 Middle East & Africa Weathering Steel Market Outlook, By Rivets (2020-2028) ($MN)
117 Middle East & Africa Weathering Steel Market Outlook, By Tubes (2020-2028) ($MN)
118 Middle East & Africa Weathering Steel Market Outlook, By Availability (2020-2028) ($MN)
119 Middle East & Africa Weathering Steel Market Outlook, By Painted (2020-2028) ($MN)
120 Middle East & Africa Weathering Steel Market Outlook, By Unpainted (2020-2028) ($MN)
121 Middle East & Africa Weathering Steel Market Outlook, By End User (2020-2028) ($MN)
122 Middle East & Africa Weathering Steel Market Outlook, By Transportation (2020-2028) ($MN)
123 Middle East & Africa Weathering Steel Market Outlook, By Building & Construction (2020-2028) ($MN)
124 Middle East & Africa Weathering Steel Market Outlook, By Industrial (2020-2028) ($MN)
125 Middle East & Africa Weathering Steel Market Outlook, By Art & Architecture (2020-2028) ($MN)
126 Middle East & Africa Weathering Steel Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
