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The future of the global SMC market looks good with opportunities in transportation, electrical & electronics, and construction industries. The global SMC market is expected to reach an estimated $3.2 billion by 2021 and it is forecast to grow at a CAGR of 4.3% from 2016 to 2021. The major drivers for market growth are growing

end-use industries and increasing demand for lightweight materials.
 

Emerging trends which have a direct impact on the dynamics of the sheet molding compound industry include the increasing penetration of carbon fiber-based SMC, increasing focus of major player towards

low density SMC, and introduction of direct-SMC.  
 
A total of 109 figures / charts and 35 tables are provided in this 139-page report to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the sheet molding compound market report, download the report brochure. 
The study includes sheet molding compound market size and forecast for the growth opportunities in the global SMC market through 2021 segmented by end use industry, fiber, resin, and region as follows: 
 
Sheet molding compound market by end use Industry [Volume (M lbs) and Value ($ Million) from 2010 to 2021]: 
 
  • Transportation
  • Electrical & Electronics
  • Construction
  • Others
Sheet molding compound market by fiber [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
 
  • Glass Fiber
  • Carbon Fiber
Sheet molding compound market by resin [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
 
  • Polyester
  • Vinylester and Others
Sheet molding compound market by region [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
 
  • North America 
  • Europe
  • APAC 
  • ROW
Sheet molding compound companies profiled in this market report includes Polytec, Polynt, IDI Composites International, Menzolit, Continental Structural Plastics, Plastic Omnium, and Core Molding Technologies are among the major suppliers of SMC.
 
On the basis of comprehensive research, Lucintel forecasts that the transportation and construction segments are expected to show above average growth during the forecast period.
 
Within the global SMC market, the transportation segment is expected to remain the largest segment by value and by volume. Expected growth in automotive production and increased focus on lightweight materials by automotive OEMs are the major driving forces that will drive the growth over the forecast period. Pickup truck boxes, deck lid, fender, hood, and bumpers are some of the major applications of SMC in the transportation industry. 
 
The Asia Pacific is expected to remain the largest region and expected to witness highest growth rate during the forecast period due to growing demand from transportation and other end use industries. 

Some of the features of “Global Sheet Molding Compound Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include:

  • Market size estimates: Growth opportunities in the global sheet molding compound market in terms of value ($M) and volume (M lbs.) shipment
  • Trend and forecast analysis: Global sheet molding compound market trend (2010-2015) and forecast (2016-2021) by region and segment
  • Segmentation analysis: Global sheet molding compound market size from 2010 to 2021 by end use industry type, fiber type and resin type.
  • Regional analysis: Global sheet molding compound market breakdown by key regions of North America, Europe, Asia Pacific and the Rest of the World
  • Growth opportunities: Analysis of growth opportunities in different end use industry type, fiber type and resin type and regions of sheet molding compound market.
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global sheet molding compound suppliers.
  • Emerging applications: Emerging applications of sheet molding compound in the global sheet molding compound market.
  • Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following key questions:
 
Q.1. What are some of the most promising, high-growth opportunities for the global SMC market by end use industry (transportation, electrical and electronics, construction, and others), fiber (glass and carbon), resin (polyester and vinyl ester and others), and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World)? 
Q.2. Which products segments will grow at a faster pace and why? 
Q.3. Which region will grow at a faster pace and why? 
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the sheet molding compound market? 
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them? 
Q.7. What are some of the changing demands of customers in the sheet molding compound market? 
Q.8. What are the new developments in the market and which sheet molding compound companies are leading these developments? 
Q.9. Who are the major sheet molding compound suppliers? What strategic initiatives are being taken by key companies for business growth? 
Q.10. What are some of the competing products of sheet molding compound companies in this market and how big of a threat do they pose for loss of market share due to product substitution?
Q.11. What M&A activity has occurred in the last 5 years? 


Table of Contents
1. Executive Summary
 
2. Industry Background and Classifications
2.1: Introduction
2.2: Industry Classification
2.2.1: Sheet Molding Compound by End Use Industry
2.2.2: Sheet Molding Compound Market by Fiber Type
2.2.3: Sheet Molding Compound Market by Resin Type
2.3: Supply Chain
 
3. Market Trends and Forecast Analysis
3.1: Market Analysis: 2015
3.1.1: Global SMC Market by End Use Industry in Terms of Value and Volume
  • Transportation
  • Electrical and Electronics
  • Construction
  • Others
3.1.2: The Global SMC Market by Fiber Type in Terms of Value and Volume
  • Glass Fiber
  • Carbon Fiber
3.1.3: The Global SMC Market by Resin Type in Terms of Value and Volume
  • Polyester
  • Vinyl ester and Others
3.1.4: The Global SMC Market by Region in Terms of Value and Volume
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
3.2: Market Trends of 2010-2015
3.2.1: Macroeconomic Trends
3.2.2: Global SMC Market Trends by Value and Volume
3.2.3: The Regional SMC Market by Value and Volume
3.2.4: Industry Drivers and Challenges
3.3: Market Forecast 2015–2020
3.3.1: Macroeconomic Forecast
3.3.2: Global SMC Market Forecast by Value and Volume
3.3.3: Regional SMC Market by Value and Volume
 
4. Competitor Analysis
4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Geographical Reach
4.4: Operational Integration
4.5: Porter’s Five Forces Analysis
 
5. Growth Opportunities and Strategic Analysis
5.1: Growth Opportunity Analysis
5.1.1: Growth Opportunities for the Global SMC Market by Region
5.1.2: Growth Opportunities for the Global SMC Market by End Use Industry
5.1.3: Growth Opportunities for the Global SMC Market by Fiber Type
5.1.4: Growth Opportunities for the Global SMC Market by Resin Type
5.2: New Applications in the Global SMC Market
5.3: Emerging Trends of the Global SMC Market
5.4: Strategic Analysis
5.4.1: New Product Development
5.4.2: Capacity Expansion in SMC Market
5.4.3: Certification and Licensing
5.4.4: Mergers and Acquisitions in the Global SMC Market
 
6. Company Profiles of Leading Players
6.1: Polytec Group
6.2: IDI Composites International
6.3: Polynt
6.4: Continental Structural Plastics
6.5: Core Molding Technologies
6.6: A. Schulman, Inc.
6.7: Plastic Omnium
6.8: Menzolit GmbH
6.9: LORENZ Kunststofftechnik GmbH
6.10: Changzhou City Jiangshi Composite Technology Co. Ltd.
6.11: Ningbo Huayuan Group
 
 
List of Figures
 
Chapter 2. Industry Background and Classifications
Figure 2.1: Sheet Molding Compound
Figure 2.2: Tensile Strength (MPa) of Steel, BMC, SMC, Aluminum, Magnesium, and Polyamide
Figure 2.3: Young’s Modulus (GPa) of Steel, BMC, SMC, Aluminum, Magnesium, and Polyamide
Figure 2.4: Density (g/cm3) of Steel, BMC, SMC, Aluminum, Magnesium, and Polyamide
Figure 2.5: Comparison of SMC with Substitute Materials
Figure 2.6: Manufacturing Process of SMC Material
Figure 2.7: Sheet Molding Compound Market Classification
Figure 2.8: SMC Applications in Different Industries
Figure 2.9: SMC Applications in the Transportation Industry
Figure 2.10: SMC Applications in the Electrical and Electronics Industry
Figure 2.11: SMC Applications in the Construction Industry
Figure 2.12: SMC Applications in Other Industries
Figure 2.13: Classification of the Global SMC Market by Fiber Type
Figure 2.14: Classification of the Global SMC Market by Resin Type
Figure 2.15: Supply Chain of the Global SMC Market
 
Chapter 3. Market Trends and Forecast Analysis
Figure 3.1: Global SMC Market ($M) Distribution by End Use Industry in 2015
Figure 3.2: The Global SMC Market ($M) by End Use Industry in 2015
Figure 3.3: Global SMC Market (M lbs) Distribution by End Use Industry in 2015
Figure 3.4: The Global SMC Market (M lbs) by Application in 2015
Figure 3.5: Global SMC Market ($M) Distribution by Fiber Type in 2015
Figure 3.6: The Global SMC Market ($M) by Fiber Type in 2015
Figure 3.7: Global SMC Market (M lbs) Distribution by Fiber Type in 2015
Figure 3.8: The Global SMC Market (M lbs) by Fiber Type in 2015
Figure 3.9: Global SMC Market ($M) Distribution by Resin Type in 2015
Figure 3.10: The Global SMC Market ($M) by Resin Type in 2015
Figure 3.11: Global SMC Market (M lbs) Distribution by Resin Type in 2015
Figure 3.12: The Global SMC Market (M lbs) by Resin Type in 2015
Figure 3.13: Global SMC Market ($M) Distribution by Region in 2015
Figure 3.14: The Global SMC Market ($M) by Region in 2015
Figure 3.15: Global SMC Market (M lbs) Distribution by Region in 2015
Figure 3.16: Global SMC Market (M lbs) by Region in 2015
Figure 3.17: Trends of Global GDP Growth Rate
Figure 3.18: Regional GDP Growth Rate Trends at Constant Price
Figure 3.19: Trends of Global Automotive Production from 2010 to 2015
Figure 3.20: Trends of Regional Automotive Production from 2010 to 2015
Figure 3.21: New Housing Starts Trends in the US from 2010 to 2015
Figure 3.22: Consumer Sentiment in the US from 2009 to 2015
Figure 3.23: Trends of the Global SMC Market from 2010 to 2015
Figure 3.24: Trends of the Global SMC Market ($M) by End Use Industry from 2010 to 2015
Figure 3.25: Year-over-Year Growth Rate of the Global SMC Market ($M) by End Use Industry from 2014 to 2015
Figure 3.26: CAGR of the Global SMC Market ($M) by End Use Industry from 2010 to 2015
Figure 3.27: Trends of the Global SMC Market (M lbs) by End Use Industry from 2010 to 2015
Figure 3.28 Year-over-Year Growth Rate of the Global SMC Market (M lbs) by End Use Industry from 2014 to 2015
Figure 3.29: CAGR of the Global SMC Market (M lbs) by End Use Industry from 2010 to 2015
Figure 3.30: Trends of the Global SMC Market ($M) by Fiber Type from 2010 to 2015
Figure 3.31: Year-over-Year Growth Rate of the Global SMC Market ($M) by Fiber Type from 2014 to 2015
Figure 3.32: CAGR of the Global SMC Market ($M) by Fiber Type from 2010 to 2015
Figure 3.33: Trends of the Global SMC Market (M lbs) by Fiber Type from 2010 to 2015
Figure 3.34: Year-over-Year Growth Rate of the Global SMC Market (M lbs) by Fiber Type from 2014 to 2015
Figure 3.35: CAGR of the Global SMC Market (M lbs) by Fiber Type from 2010 to 2015
Figure 3.36: Trends of the Global SMC Market ($M) by Resin Type from 2010 to 2015
Figure 3.37: Year-over-Year Growth Rate of the Global SMC Market ($M) by Resin Type from 2014 to 2015
Figure 3.38: CAGR of the Global SMC Market ($M) by Resin Type from 2010 to 2015
Figure 3.39: Trends of the Global SMC Market (M lbs) by Resin Type from 2010 to 2015
Figure 3.40: Year-over-Year Growth Rate of the Global SMC Market (M lbs) by Resin Type from 2014 to 2015
Figure 3.41: CAGR of the Global SMC Market (M lbs) by Resin Type from 2010 to 2015
Figure 3.42: Trends of the Global SMC Market ($M) by Region from 2010 to 2015
Figure 3.43: Year-over-Year Growth Rate of the Global SMC Market ($M) by Region from 2014 to 2015
Figure 3.44: CAGR of the Global SMC Market ($M) by Region from 2010 to 2015
Figure 3.45: Trends of the Global SMC Market (M lbs) by Region from 2010 to 2015
Figure 3.46: Year-over-Year Growth Rate of the Global SMC Market (M lbs) by Region from 2014 to 2015
Figure 3.47: CAGR of the Global SMC Market (M lbs) by Region from 2010 to 2015
Figure 3.48: Drivers and Challenges of the Global SMC Market
Figure 3.49: Forecast for the Global GDP Growth Rate 
Figure 3.50: Forecast for the Regional GDP Growth Rate
Figure 3.51: Forecast for the Global Automotive Production from 2016 to 2021
Figure 3.52: Forecast for Regional Automotive Production from 2016 to 2021
Figure 3.53: Forecast for the Global SMC Market from 2016 to 2021
Figure 3.54: Forecast for the Global SMC Market ($M) by End Use Industry from 2016 to 2021
Figure 3.55: Year-over-Year Growth Rate in the Global SMC Market ($M) by End Use Industry from 2015 to 2016
Figure 3.56: CAGR for the Global SMC Market ($M) by End Use Industry from 2016 to 2021
Figure 3.57: Forecast for the Global SMC Market (M lbs) by End Use Industry from 2016 to 2021
Figure 3.58: Year-over-Year Growth Rate of the Global SMC Market (M lbs) by End Use Industry from 2015 to 2016
Figure 3.59: CAGR for the Global SMC Market (M lbs) by End Use Industry from 2016 to 2021
Figure 3.60: Forecast for the Global SMC Market ($M) by Fiber Type from 2016 to 2021
Figure 3.61: Year-over-Year Growth Rate in the Global SMC Market ($M) by Fiber Type from 2015 to 2016
Figure 3.62: CAGR for Global SMC Market ($M) by Fiber Type from 2016 to 2021
Figure 3.63: Forecast for the Global SMC Market (M lbs) by Fiber Type from 2016 to 2021
Figure 3.64: Year-over-Year Growth Rate for the Global SMC Market (M lbs) by Fiber Type from 2015 to 2016
Figure 3.65: CAGR for the Global SMC Market (M lbs) by Fiber Type from 2016 to 2021
Figure 3.66: Forecast for the Global SMC Market ($M) by Resin Type from 2016 to 2021
Figure 3.67: Year-over-Year Growth Rate for the Global SMC Market ($M) by Resin Type from 2015 to 2016
Figure 3.68: CAGR for Global SMC Market ($M) by Resin Type from 2016 to 2021
Figure 3.69: Forecast for the Global SMC Market (M lbs) from 2016 to 2021
Figure 3.70: Year-over-Year Growth Rate for the Global SMC Market (M lbs) by Resin Type from 2015 to 2016
Figure 3.71: CAGR for the Global SMC Market (M lbs) by Resin Type from 2016 to 2021
Figure 3.72: Forecast for the Global SMC Market ($M) by Region from 2016 to 2021
Figure 3.73: Year-over-Year Growth Rate for the Global SMC Market ($M) by Region from 2015 to 2016
Figure 3.74: CAGR for the Global SMC Market ($M) by Region from 2016 to 2021
Figure 3.75: Forecast for the Global SMC Market (M lbs) by Region from 2016 to 2021
Figure 3.76: Year-over-Year Growth Rate of the Global SMC Market (M lbs) by Region from 2015 to 2016
Figure 3.77: CAGR for the Global SMC Market (M lbs) by Region from 2016 to 2021
 
Chapter 4. Competitor Analysis
Figure 4.1: Market Share Analysis of SMC Manufacturers in 2015
Figure 4.2: Geographical Footprint of Competitors in the Global SMC Market
Figure 4.3: Porter’s Five Forces Analysis for the Global SMC Market
 
Chapter 5. Growth Opportunities and Strategic Analysis
Figure 5.1: Growth Opportunities in the Global SMC Market by Region
Figure 5.2: Growth Opportunities in the Global SMC Market by End Use Industry
Figure 5.3: Growth Opportunities in the Global SMC Market by Fiber Type
Figure 5.4: Growth Opportunities in the Global SMC Market by Resin Type
Figure 5.5: SMC Electric Car Battery Box
Figure 5.6: Hyperion Air Handler
Figure 5.7: Showers and tub-showers
Figure 5.8: Front Floor Module
Figure 5.9: Automotive E-charger
Figure 5.10: Emerging Trends of the Global SMC Market
Figure 5.11: Strategic Initiatives by Major Competitors in 2015
Figure 5.12: Strategic Initiatives by Major Competitors in 2014
Figure 5.13: Year-over-Year Study of the Strategic Initiatives by Major Competitors in Global SMC Market
Figure 5.14: Expansion by SMC Manufacturers (from 2010 to 2015)
 
List of Tables
 
Chapter 1. Executive Summary
Table 1.1: Global SMC Market Parameters and Attributes
 
Chapter 2. Industry Background and Classifications
Table 2.1: Features of SMC Material
Table 2.2: Comparative Properties of SMC and BMC
Table 2.3: Application Areas of SMC in the Transportation Industry
Table 2.4: Application Areas of SMC in the Electrical and Electronics Industry
Table 2.5: Application Areas of SMC in the Construction Industry
Table 2.6: Application Areas of SMC in Other Industries
Table 2.7: Carbon Fiber SMC Applications
Table 2.8: Glass and Carbon Fiber SMC Properties
 
Chapter 3. Market Trends and Forecast Analysis
Table 3.1: Global SMC Market Trends from 2010 to 2015 
Table 3.2: Average Growth Rates for One, Three, and Five Years in the Global SMC Market in Terms of Shipment Value
Table 3.3: Market Size and 2014 to 2015 Growth Rates in Various Segments of the Global SMC Market in Terms of Value and Volume 
Table 3.4: Market Size and Compounded Annual Growth Rates from 2010 to 2015 in Various Segments of Global SMC Market in Terms of Value and Volume
Table 3.5: Market Size and Annual Growth Rates from 2014 to 2015 by Fiber Type of the Global SMC Market in Terms of Value and Volume
Table 3.6: Market Size and Annual Growth Rates of the Global SMC Market from 2010 to 2015 by Fiber Type in Terms of Value and Volume
Table 3.7: Market Size and Annual Growth Rates from 2014 to 2015 by Resin Type of the Global SMC Market in Terms of Value and Volume
Table 3.8: Market Size and Annual Growth Rates of the Global SMC Market from 2010 to 2015 by Resin Type in Terms of Value and Volume
Table 3.9: Market Size from 2014 to 2015 Growth Rates of the Global SMC Market by Region in Terms of Value and Volume
Table 3.10: Market Size and CAGR from 2010 to 2015 in the Global SMC Market by Region in Terms of Value and Volume Shipment 
Table 3.11: Comparison of BMC and SMC
Table 3.12: Global SMC Market Forecast from 2016 to 2021
Table 3.13: Average Growth Rates for One, Three, and Five years in the Global SMC Market in Terms of $ Shipment
Table 3.14: Market Size and 2015 to 2016 Growth Rates of the Global SMC Market in End-Use Segment in Terms of Value and Volume
Table 3.15: Market Size and Annual Growth Rates of the Global SMC Market from 2016 to 2021 in Various Segments in Terms of Value and Volume
Table 3.16: Market Size and Annual Growth Rates from 2015 to 2016 by Fiber Type of the Global SMC Market in Terms of Value and Volume
Table 3.17: Market Size and Annual Growth Rates of the Global SMC Market from 2016 to 2021 in Various Segments in Terms of Value and Volume
Table 3.18: Market Size and Annual Growth Rates from 2016 to 2021 by Resin Type of the Global SMC Market in Terms of Value and Volume
Table 3.19: Market Size and Annual Growth Rates of the Global SMC Market from 2016 to 2021 in Various Segments in Terms of Value and Volume
Table 3.20: Market Size and 2015-2016 Growth Rates in the Regional Markets of Global SMC Market in Terms of Value and Volume Production
Table 3.21: Market Size and Annual Growth Rates from 2016 to 2021, in Various Segments of the SMC Market in Terms of Value and Volume
 
Chapter 4. Competitor Analysis
Table 4.1: Product Mapping of SMC Manufacturers
Table 4.2: Product Mapping of SMC Suppliers Based on Markets Served
Table 4.3: Presence of SMC Manufacturers across the Value Chain
 
Chapter 5. Growth Opportunities and Strategic Analysis
Table 5.1: New Product Launches by Major SMC Producers (2010-2015)
Table 5.2: Certification and Licenses Acquired by Major Competitors in the Global SMC Market
.

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Full Report: Sheet Molding Compound Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
109 figures/charts and 35 tables are provided in this roughly 139 page report.
Chapter - 1: Executive Summary 7 $ 435
Executive Summary
Chapter - 2: Industry Background and Classifications 17 $ 218
2.            Industry Background and Classifications               
2.1          Introduction      
2.2          Industry Classification   
2.2.1      Sheet Molding Compound by End Use Industry 
2.2.2      Sheet Molding Compound Market by Fiber Type              
2.2.3      Sheet Molding Compound Market by Resin Type            
2.3          Supply Chain    
Chapter - 3: Market Trends and Forecast Analysis 53 $ 1,740
3.            Market Trends and Forecast Analysis     
3.1          Market Analysis: 2015   
3.1.1      Global SMC Market by End Use Industry in Terms of Value and Volume
Transportation 
Electrical and Electronics            
Construction     
Others 
3.1.2      The Global SMC Market by Fiber Type in Terms of Value and Volume    
Glass Fiber         
Carbon Fiber     
3.1.3      The Global SMC Market by Resin Type in Terms of Value and Volume   
Polyester           
Vinyl ester and Others 
3.1.4      The Global SMC Market by Region in Terms of Value and Volume           
North America 
Europe                
Asia Pacific        
Rest of the World          
3.2          Market Trends of 2010-2015        
3.2.1      Macroeconomic Trends                
3.2.2      Global SMC Market Trends by Value and Volume             
3.2.3      The Regional SMC Market by Value and Volume              
3.2.4      Industry Drivers and Challenges               
3.3          Market Forecast 2015–2020         
3.3.1      Macroeconomic Forecast             
3.3.2      Global SMC Market Forecast by Value and Volume         
3.3.3      Regional SMC Market by Value and Volume      
Chapter - 4: Competitor Analysis 7 $ 2,248
4.            Competitor Analysis      
4.1          Product Portfolio Analysis           
4.2          Market Share Analysis   
4.3          Geographical Reach        
4.4          Operational Integration               
4.5          Porter’s Five Forces Analysis      
Chapter - 5: Growth Opportunities and Strategic Analysis 17 $ 725
5.            Growth Opportunities and Strategic Analysis     
5.1          Growth Opportunity Analysis    
5.1.1      Growth Opportunities for the Global SMC Market by Region      
5.1.2      Growth Opportunities for the Global SMC Market by End Use Industry  
5.1.3      Growth Opportunities for the Global SMC Market by Fiber Type               
5.1.4      Growth Opportunities for the Global SMC Market by Resin Type              
5.2          New Applications in the Global SMC Market       
5.3          Emerging Trends of the Global SMC Market        
5.4          Strategic Analysis            
5.4.1      New Product Development        
5.4.2      Capacity Expansion in SMC Market          
5.4.3      Certification and Licensing          
5.4.4      Mergers and Acquisitions in the Global SMC Market       
Chapter - 6: Company Profiles of Leading Players 12 $ 508
6.            Company Profiles of Leading Players     
6.1          Polytec Group  
6.2          IDI Composites International     
6.3          Polynt   
6.4          Continental Structural Plastics  
6.5          Core Molding Technologies        
6.6          A. Schulman, Inc.             
6.7          Plastic Omnium                
6.8          Menzolit GmbH                
6.9          LORENZ Kunststofftechnik GmbH             
6.10        Changzhou City Jiangshi Composite Technology Co. Ltd.               
6.11        Ningbo Huayuan Group                
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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