세계 전자화학 및 전자재료 시장 : 유형(특수 가스, CMP 슬러리, 전도성 폴리머, 포토레지스트용 화학제품, 저유전율 유전체, 웨이퍼, PCB 라미네이트))
Electronic Chemicals and Materials Market by Type (Specialty Gases, CMP Slurries, Conductive Polymers, Photoresist Chemicals, Low K Dielectrics, Wet Chemicals, Silicon Wafers, PCB Laminates), Application, and Region - Global Forecast to 2028
상품코드:1449537
리서치사:MarketsandMarkets
발행일:2024년 03월
페이지 정보:영문 266 Pages
라이선스 & 가격 (부가세 별도)
ㅁ Add-on 가능: 고객의 요청에 따라 일정한 범위 내에서 Customization이 가능합니다. 자세한 사항은 문의해 주시기 바랍니다.
한글목차
전자화학 및 전자재료 시장 규모는 예측 기간 동안 복합 연간 성장률(CAGR) 5.6%로 추이되며, 2023년 591억 달러에서 2028년 778억 달러 규모로 성장할 것으로 예측됩니다.
이 성장의 원동력이 되는 것은 CE 제품 수요 증가, 반도체 산업 성장, 특수 재료를 필요로 하는 전자 디바이스의 진보 등의 요인입니다. 또한 5G 기술과 IoT의 보급도 시장 성장을 더욱 끌어올릴 것으로 예상됩니다.
조사 범위
조사 대상년도
2021-2028년
기준년
2022년
예측 기간
2023년-2028년
단위
금액(달러)
부문
유형,용도,지역
대상 지역
북미, 아시아태평양, 유럽, 남미, 중동 & 아프리카
실리콘 웨이퍼 부서가 예측 기간 동안 가장 높은 복합 연간 성장률(CAGR)을 기록할 것으로 예측됨:
전자화학 및 전자재료 시장에서 실리콘 웨이퍼 부문의 성장 예측은 세계 반도체 및 전자 장치 수요 증가로 인한 것입니다. 실리콘 웨이퍼는 스마트폰, 컴퓨터, 자동차용 전자기기, 산업용 자동화 시스템 등 다양한 전자 제품에 필수적인 IC 및 기타 반도체 디바이스를 제조하기 위한 기본 기판으로 작용합니다. 5G, IoT, AI, AR 등의 첨단 기술의 채용이 진행됨에 따라 보다 강력하고 효율적인 반도체 부품에 대한 요구가 높아지고 있습니다. 그 결과 차세대 전자기기의 성능 요구를 충족하기 위해 대구경화, 고순도화, 균일성 향상 등 사양이 강화된 고품질 실리콘 웨이퍼에 대한 요구가 높아지고 있습니다. 또한 전기자동차(EV) 및 재생 가능 에너지 시스템과 같은 새로운 동향의 보급도 실리콘 웨이퍼 수요 급증에 기여하고 있습니다. 또한 7nm 이하의 첨단 노드 기술로의 전환 등 반도체 제조 공정의 진보가 계속되고 있는 것도 실리콘 웨이퍼의 제조에 사용되는 특수한 전자 공업용 약품이나 재료 수요에 박차를 가하고 있습니다.
예측 기간 동안 반도체 용도이 더 큰 시장 점유율을 차지할 전망:
용도별로 반도체 부문은 몇 가지 중요한 요인으로 인해 예측 기간 동안 시장을 독점할 것으로 예측됩니다. 첫째, 스마트폰, 노트북, 태블릿 단말 등 다양한 전자기기에서의 반도체 수요 증가가 이 부문의 성장을 견인하고 있습니다. 이러한 디바이스가 고도화 및 고기능화됨에 따라 고성능 반도체와 첨단 전자 재료의 요구도 높아지고 있습니다. 전자 산업에서의 소형화 동향은 반도체 제조에 사용되는 전자 산업용 약품 및 전자 재료 수요를 더욱 밀어 올리고 있습니다. 게다가 5G, IoT, AI 등의 신기술의 출현은 반도체 산업의 대폭적인 성장을 가속하여 전자화학 및 전자재료 수요 증가로 이어질 것으로 예상됩니다.
예측 기간 동안 아시아태평양이 가장 빠르게 성장하는 전자화학 및 전자재료 시장 및 예측:
아시아태평양은 전자화학 및 전자재료시장을 견인하는 지역으로 부상하며 성장에 있어 다른 지역을 능가하고 있습니다. 이 급성장은 이 지역의 전자 산업의 급격한 확대로 인한 것입니다. 중국, 일본, 한국, 대만과 같은 국가들이 전자제조의 리더로서의 지위를 굳히고, 전자화학 및 전자재료 수요를 촉진하고 있습니다. 이 지역의 견고한 인프라, 인력, 유리한 정부 정책은 전자 분야의 기술 혁신과 생산 효율성을 높이는 환경을 조성하고 있습니다. 게다가 5G, IoT, AI 등의 첨단 기술의 채용이 증가하고 있기 때문에 전자 부품 및 전자 디바이스 수요가 더욱 가속화되어, 특수한 화학약품이나 재료의 필요성이 높아지고 있습니다. 아시아의 태평양 지역은 역동적인 시장 환경과 세계 공급망의 전략적 위치를 통해 전자화학 및 전자재료 공급업체에게 주목을 받고 있으며, 당분간 성장과 투자에 유리한 기회를 제공합니다.
본 보고서에서는 세계 전자화학 및 전자재료 시장을 조사했으며, 시장 개요, 시장영향인자 및 시장 기회 분석, 기술,특허 동향, 법규제 환경, 사례연구, 시장 규모 추이와 예측, 각종 구분, 지역별 상세 분석, 경쟁 구도, 주요 기업 프로파일 등을 정리했습니다.
목차
제1장 서론
제2장 조사 방법
제3장 주요 요약
제4장 중요 인사이트
제5장 시장 개요
시장 역학
성장 촉진요인
억제요인
기회
과제
제6장 업계 동향
고객의 비즈니스에 영향을 미치는 동향과 혁신
가격 분석
밸류체인 분석
생태계 분석
기술 분석
특허 분석
무역 분석
주요 회의 및 이벤트
관세 및 규제 상황
Porter's Five Forces 분석
주요 이해관계자와 구매 기준
사례 연구 분석
거시경제 분석
반도체 산업 투자 및 자금 조달 시나리오
제7장 전자화학 및 전자재료 시장 : 유형별
전자가스
CMP 슬러리
포토레지스트 및 포토레지스트 부속품
전도성 폴리머
저유전율 유전체
젖은 화학
실리콘 웨이퍼
PCB 라미네이트
제8장 전자화학 및 전자재료 시장 : 용도별
반도체
기타
제9장 전자화학 및 전자재료 시장 : 지역별
아시아태평양
북미
유럽
중동 및 아프리카
남미
제10장 경쟁 구도
개요
주요 기업의 전략/유력 기업
수익 분석
시장 점유율 분석
기업평가와 재무지표
브랜드/제품 비교
기업 평가 매트릭스 : 주요 기업
기업평가 매트릭스: 스타트업/중소기업
경쟁 시나리오와 동향
제11장 기업 프로파일
주요 기업
LINDE PLC
AIR PRODUCTS AND CHEMICALS, INC.
FUJIFILM CORPORATION
RESONAC HOLDINGS CORPORATION
AIR LIQUIDE
SOLVAY
BASF SE
SHIN-ETSU CHEMICAL CO., LTD.
MERCK KGAA
COVESTRO AG
기타 기업
SONGWON
HONSHU CHEMICAL INDUSTRY CO., LTD.
MITSUI CHEMICALS AMERICA, INC.
KEMLAB INC.
PHICHEM CORPORATION
JIANGSU ARICEN ELECTRONIC MATERIALS CO., LTD
EFC GASES & ADVANCED MATERIALS
TECHMER PM
RTP COMPANY
TECHNIC INC
SUMCO CORP.
ZHEJIANG KAISN FLUOROCHEMICAL CO. LTD
TRANSENE, COMPANY, INC.
ALFA CHEMISTRY
HTP HITECH PHOTOPOLYMERE AG
HELIOUS SPECIALTY GASES PVT. LTD
GRUPPO SIAD
ENSINGER
FREIBERGER COMPOUND MATERIALS
GLOBALWAFERS CO., LTD
제12장 부록
BJH
영문 목차
영문목차
The electronic chemicals and materials market size is projected to grow from USD 59.1 billion in 2023 and is projected to reach USD 77.8 Billion by 2028, at a CAGR of 5.6%. Several factors are driving this growth, including the increasing demand for consumer electronics, growth in the semiconductor industry, and advancements in electronic devices requiring specialized materials. Additionally, the proliferation of 5G technology and the Internet of Things (IoT) are expected to further boost market growth as these technologies require sophisticated electronic components and materials.
Scope of the Report
Years Considered for the Study
2021-2028
Base Year
2022
Forecast Period
2023-2028
Units Considered
Value (USD Million)
Segments
Type, Application, and Region
Regions covered
North America, Asia Pacific, Europe, South America, and Middle East & Africa
"The silicon wafers segment is projected to register the highest CAGR during the forecast period."
The projected growth of the silicon wafers segment in the electronic chemicals and materials market is indicative of the expanding demand for semiconductors and electronic devices worldwide. Silicon wafers serve as the fundamental substrate for manufacturing integrated circuits (ICs) and other semiconductor devices essential for various electronic applications, including smartphones, computers, automotive electronics, and industrial automation systems. The increasing adoption of advanced technologies such as 5G, Internet of Things (IoT), artificial intelligence (AI), and augmented reality (AR) is driving the need for more powerful and efficient semiconductor components. Consequently, there is a growing requirement for high-quality silicon wafers with enhanced specifications, such as larger diameters, higher purity levels, and improved uniformity, to meet the performance demands of next-generation electronic devices. Moreover, the proliferation of emerging trends like electric vehicles (EVs) and renewable energy systems further contributes to the surge in demand for silicon wafers, as these technologies heavily rely on semiconductor-based components for their operation. Additionally, ongoing advancements in semiconductor manufacturing processes, such as the transition to advanced node technologies like 7nm and below, are fueling the demand for specialized electronic chemicals and materials used in the fabrication of silicon wafers. Overall, the projected high compound annual growth rate (CAGR) of the silicon wafers segment underscores its pivotal role in driving innovation and progress within the electronics industry, laying the foundation for the development of cutting-edge electronic devices and technologies.
"Semiconductor application segment is expected to hold the larger market share during the forecast period."
The semiconductor application segment is projected to dominate the electronic chemicals and materials market during the forecast period due to several key factors. Firstly, the increasing demand for semiconductors in various electronic devices such as smartphones, laptops, and tablets is driving the growth of this segment. As these devices become more advanced and sophisticated, the need for high-performance semiconductors and advanced electronic materials also increases. The growing trend of miniaturization in the electronics industry is further fueling the demand for electronic chemicals and materials used in semiconductor manufacturing. Miniaturization requires the use of advanced materials that can enable the production of smaller, more powerful, and energy-efficient electronic components. Additionally, the emergence of new technologies such as 5G, IoT, and AI is expected to drive significant growth in the semiconductor industry, leading to increased demand for electronic chemicals and materials. These technologies require high-performance semiconductors that can meet the demanding requirements of these applications.
Overall, the semiconductor application segment is expected to hold the larger market share during the forecast period due to the increasing demand for semiconductors in various electronic devices, the trend of miniaturization in the electronics industry, the emergence of new technologies, and the growing investment in research and development activities.
"Asia Pacific projected as the fastest growing electronic chemicals and materials market during the forecast period."
The Asia Pacific (APAC) region emerged as the powerhouse driving the electronic chemicals and materials market, outpacing other regions in growth. This surge can be attributed to the exponential expansion of the global electronics industry within the APAC territory. Countries like China, Japan, South Korea, and Taiwan have cemented their positions as leaders in electronics manufacturing, fueling demand for electronic chemicals and materials. The region's robust infrastructure, skilled labor force, and favorable government policies have created an environment conducive to innovation and production efficiency in the electronics sector. Moreover, the increasing adoption of advanced technologies such as 5G, Internet of Things (IoT), and artificial intelligence (AI) has further accelerated the demand for electronic components and devices, driving the need for specialized chemicals and materials. With its dynamic market landscape and strategic positioning in the global supply chain, the APAC region continues to be a focal point for electronic chemicals and materials suppliers, presenting lucrative opportunities for growth and investment in the foreseeable future.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.
The breakup of primary interviews is given below:
By Company Type - Tier 1 - 30%, Tier 2 - 50%, and Tier 3 - 20%
By Designation - C level - 40%, Director Level - 20%, and Others - 40%
By Region - North America - 40%, Europe - 30%, APAC - 10%, Middle East & Africa - 10%, and South America - 10%
Companies Covered: Shin-Etsu Chemical Co., Ltd. (Japan), Linde Plc (England), Fujifilm Corporation (Japan), Resonac Holding Corporation (Japan), Air Liquide (Paris), Solvay (Belgium), BASF SE(Germany), Mitsui Chemicals America, Inc. (US), Merck KGaA (Germany), Covestro AG (Germany), SUMCO Corp. (Japan), Air Products & Chemicals, Inc. (US), Songwon (South Korea) and others are covered in the electronic chemicals and materials market.
Research Coverage
The market study covers the electronic chemicals and materials market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, application, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the electronic chemicals and materials market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall electronic chemicals and materials market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Growth in the semiconductor industry will augment the demand of electronic chemical and material, The growth in renewable energy sector creates demand for photovoltaic cells.), restraints (Stringent health and environmental regulations regarding), opportunities (Improved IT infrastructure and upcoming technologies and Increasing demand for consumer goods) influencing the growth of the electronic chemicals and materials market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the electronic chemicals and materials market
Market Development: Comprehensive information about lucrative markets - the report analyses the electronic chemicals and materials market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electronic chemicals and materials market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Shin-Etsu Chemical Co., Ltd. (Japan), Linde Plc (England), Fujifilm Corporation (Japan), Resonac Holding Corporation (Japan), Air Liquide (Paris), Solvay (Belgium), BASF SE(Germany), Mitsui Chemicals America, Inc. (US), Merck KGaA (Germany), Covestro AG (Germany), SUMCO Corp. (Japan), Air Products & Chemicals, Inc. (US), and Songwon (South Korea) are the top manufacturers covered in the electronic chemicals and materials market, and among others in the electronic chemicals and materials market. The report also helps stakeholders understand the pulse of the electronic chemicals and materials market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 DEFINITION OF TYPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
FIGURE 2 KEY DATA FROM SECONDARY SOURCES
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
FIGURE 3 KEY DATA FROM PRIMARY SOURCES
2.1.2.2 Key industry insights
FIGURE 4 KEY INDUSTRY INSIGHTS
2.1.2.3 Breakdown of interviews with experts
FIGURE 5 BREAKDOWN OF INTERVIEWS WITH EXPERTS
2.2 MARKET SIZE ESTIMATION
FIGURE 6 MARKET SIZE ESTIMATION
FIGURE 7 ELECTRONIC CHEMICALS AND MATERIALS MARKET, BY REGION
FIGURE 8 ELECTRONIC CHEMICALS AND MATERIALS, SUPPLY-SIDE ANALYSIS
6.5.1.9 Innovation in materials for 3D integration (new dielectric materials) and through-silicon via (TSV) technologies
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Process automation and industry 4.0 integration
6.5.2.2 Artificial intelligence (AI) and machine learning (ML)
6.5.2.3 Nanotechnology
6.6 PATENT ANALYSIS
6.6.1 INTRODUCTION
6.6.2 METHODOLOGY
6.6.3 ELECTRONIC CHEMICALS AND MATERIALS MARKET, PATENT ANALYSIS (2014-2023)
FIGURE 26 LIST OF MAJOR PATENTS FOR ELECTRONIC CHEMICALS AND MATERIALS MARKET (2014-2023)
TABLE 5 LIST OF PATENTS FOR ELECTRONIC CHEMICALS AND MATERIALS
6.7 TRADE ANALYSIS
FIGURE 27 EXPORT SCENARIO, HS CODE 3818, CHEMICAL ELEMENTS DOPED FOR USE IN ELECTRONICS, IN THE FORM OF DISCS, WAFERS OR SIMILAR FORMS; CHEMICAL COMPOUNDS DOPED FOR USE IN ELECTRONICS, 2013-2022 (USD BILLION)
FIGURE 28 IMPORT SCENARIO HS CODE 3818, CHEMICAL ELEMENTS DOPED FOR USE IN ELECTRONICS, IN THE FORM OF DISCS, WAFERS OR SIMILAR FORMS; CHEMICAL COMPOUNDS DOPED FOR USE IN ELECTRONICS, 2013-2022 (USD BILLION)
6.8 KEY CONFERENCES AND EVENTS, 2024-2025
TABLE 6 DETAILED LIST OF CONFERENCES & EVENTS, 2024-2025
6.9 TARIFF AND REGULATORY LANDSCAPE
6.9.1 TARIFFS AND REGULATIONS RELATED TO ELECTRONIC CHEMICALS AND MATERIALS
TABLE 7 TARIFFS RELATED TO ELECTRONIC CHEMICALS AND MATERIALS MARKET
6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.9.3 REGULATIONS RELATED TO ELECTRONIC CHEMICALS AND MATERIALS MARKET
TABLE 13 LIST OF REGULATIONS FOR ELECTRONIC CHEMICALS AND MATERIALS MARKET
6.10 PORTER'S FIVE FORCES ANALYSIS
FIGURE 29 PORTER'S FIVE FORCES ANALYSIS
TABLE 14 PORTER'S FIVE FORCES ANALYSIS
6.10.1 THREAT OF SUBSTITUTES
6.10.2 THREAT OF NEW ENTRANTS
6.10.3 BARGAINING POWER OF SUPPLIERS
6.10.4 BARGAINING POWER OF BUYERS
6.10.5 INTENSITY OF COMPETITIVE RIVALRY
6.11 KEY STAKEHOLDERS AND BUYING CRITERIA
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
6.11.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA FOR ELECTRONIC CHEMICALS AND MATERIALS MARKET
TABLE 16 KEY BUYING CRITERIA FOR ELECTRONIC CHEMICALS AND MATERIALS INDUSTRY
6.12 CASE STUDY ANALYSIS
6.12.1 CASE STUDY 1: STRATEGIC INITIATIVE BY INTEL CORPORATION TO MINIMIZE ENVIRONMENTAL IMPACT OF PCB MANUFACTURING
6.12.2 CASE STUDY 2: OCEAN INSIGHT COLLABORATED WITH PROMINENT PIONEER IN PLASMA-ETCHING TECHNOLOGIES TO INVESTIGATE COMPREHENSIVE SPECTRUM PLASMA MONITORING SOLUTIONS TAILORED FOR IDENTIFICATION OF CRUCIAL WAFER ETCH ENDPOINTS
6.12.3 CASE STUDY 3: WASTE GENERATION AND MANAGEMENT IN SEMICONDUCTOR INDUSTRY
6.13 MACROECONOMIC ANALYSIS
6.13.1 INTRODUCTION
6.13.2 GDP TRENDS AND FORECASTS
TABLE 17 WORLD GDP GROWTH PROJECTION, 2021-2028 (USD TRILLION)
6.13.3 GLOBAL SEMICONDUCTOR REVENUE (LAST 10 YEARS)
FIGURE 32 GLOBAL SEMICONDUCTOR REVENUES (YEAR-ON-YEAR PERCENTAGE CHANGE)
TABLE 198 JIANGSU ARICEN ELECTRONIC MATERIALS CO., LTD: COMPANY OVERVIEW
11.2.7 EFC GASES & ADVANCED MATERIALS
TABLE 199 EFC GASES & ADVANCED MATERIALS: COMPANY OVERVIEW
11.2.8 TECHMER PM
TABLE 200 TECHMER PM: COMPANY OVERVIEW
11.2.9 RTP COMPANY
TABLE 201 RTP COMPANY: COMPANY OVERVIEW
11.2.10 TECHNIC INC
TABLE 202 TECHNIC INC: COMPANY OVERVIEW
11.2.11 SUMCO CORP.
TABLE 203 SUMCO CORP.: COMPANY OVERVIEW
11.2.12 ZHEJIANG KAISN FLUOROCHEMICAL CO. LTD
TABLE 204 ZHEJIANG KAISN FLUOROCHEMICAL CO. LTD: COMPANY OVERVIEW
11.2.13 TRANSENE, COMPANY, INC.
TABLE 205 TRANSENE COMPANY, INC.: COMPANY OVERVIEW
11.2.14 ALFA CHEMISTRY
TABLE 206 ALFA CHEMISTRY: COMPANY OVERVIEW
11.2.15 HTP HITECH PHOTOPOLYMERE AG
TABLE 207 HTP HITECH PHOTOPOLYMERE AG: COMPANY OVERVIEW
11.2.16 HELIOUS SPECIALTY GASES PVT. LTD
TABLE 208 HELIOUS SPECIALTY GASES PVT. LTD: COMPANY OVERVIEW
11.2.17 GRUPPO SIAD
TABLE 209 GRUPPO SIAD: COMPANY OVERVIEW
11.2.18 ENSINGER
TABLE 210 ENSINGER: COMPANY OVERVIEW
11.2.19 FREIBERGER COMPOUND MATERIALS
TABLE 211 FREIBERGER COMPOUND MATERIALS: COMPANY OVERVIEW
11.2.20 GLOBALWAFERS CO., LTD
TABLE 212 GLOBALWAFERS CO., LTD: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
