Shellac Flakes Market - Global Outlook and Forecast 2023-2028

Report ID: 1369472 | Published Date: Jan 2025 | No. of Page: 70 | Base Year: 2024 | Rating: 4 | Webstory: Check our Web story
1 Introduction to Research & Analysis Reports
    1.1 Shellac Flakes Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Shellac Flakes Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Shellac Flakes Overall Market Size
    2.1 Global Shellac Flakes Market Size: 2021 VS 2028
    2.2 Global Shellac Flakes Revenue, Prospects & Forecasts: 2017-2028
    2.3 Global Shellac Flakes Sales: 2017-2028
3 Company Landscape
    3.1 Top Shellac Flakes Players in Global Market
    3.2 Top Global Shellac Flakes Companies Ranked by Revenue
    3.3 Global Shellac Flakes Revenue by Companies
    3.4 Global Shellac Flakes Sales by Companies
    3.5 Global Shellac Flakes Price by Manufacturer (2017-2022)
    3.6 Top 3 and Top 5 Shellac Flakes Companies in Global Market, by Revenue in 2021
    3.7 Global Manufacturers Shellac Flakes Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Shellac Flakes Players in Global Market
        3.8.1 List of Global Tier 1 Shellac Flakes Companies
        3.8.2 List of Global Tier 2 and Tier 3 Shellac Flakes Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Shellac Flakes Market Size Markets, 2021 & 2028
        4.1.2 Purity 99%
        4.1.3 Purity 90%
        4.1.4 Other
    4.2 By Type - Global Shellac Flakes Revenue & Forecasts
        4.2.1 By Type - Global Shellac Flakes Revenue, 2017-2022
        4.2.2 By Type - Global Shellac Flakes Revenue, 2023-2028
        4.2.3 By Type - Global Shellac Flakes Revenue Market Share, 2017-2028
    4.3 By Type - Global Shellac Flakes Sales & Forecasts
        4.3.1 By Type - Global Shellac Flakes Sales, 2017-2022
        4.3.2 By Type - Global Shellac Flakes Sales, 2023-2028
        4.3.3 By Type - Global Shellac Flakes Sales Market Share, 2017-2028
    4.4 By Type - Global Shellac Flakes Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
    5.1 Overview
        5.1.1 By Application - Global Shellac Flakes Market Size, 2021 & 2028
        5.1.2 Food
        5.1.3 Cosmetic and Pharmaceuticals
        5.1.4 Papermaking, Adhesive, Rubber and Coating
        5.1.5 Electrical
        5.1.6 Engineering
        5.1.7 Textile
        5.1.8 Other
    5.2 By Application - Global Shellac Flakes Revenue & Forecasts
        5.2.1 By Application - Global Shellac Flakes Revenue, 2017-2022
        5.2.2 By Application - Global Shellac Flakes Revenue, 2023-2028
        5.2.3 By Application - Global Shellac Flakes Revenue Market Share, 2017-2028
    5.3 By Application - Global Shellac Flakes Sales & Forecasts
        5.3.1 By Application - Global Shellac Flakes Sales, 2017-2022
        5.3.2 By Application - Global Shellac Flakes Sales, 2023-2028
        5.3.3 By Application - Global Shellac Flakes Sales Market Share, 2017-2028
    5.4 By Application - Global Shellac Flakes Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
    6.1 By Region - Global Shellac Flakes Market Size, 2021 & 2028
    6.2 By Region - Global Shellac Flakes Revenue & Forecasts
        6.2.1 By Region - Global Shellac Flakes Revenue, 2017-2022
        6.2.2 By Region - Global Shellac Flakes Revenue, 2023-2028
        6.2.3 By Region - Global Shellac Flakes Revenue Market Share, 2017-2028
    6.3 By Region - Global Shellac Flakes Sales & Forecasts
        6.3.1 By Region - Global Shellac Flakes Sales, 2017-2022
        6.3.2 By Region - Global Shellac Flakes Sales, 2023-2028
        6.3.3 By Region - Global Shellac Flakes Sales Market Share, 2017-2028
    6.4 North America
        6.4.1 By Country - North America Shellac Flakes Revenue, 2017-2028
        6.4.2 By Country - North America Shellac Flakes Sales, 2017-2028
        6.4.3 US Shellac Flakes Market Size, 2017-2028
        6.4.4 Canada Shellac Flakes Market Size, 2017-2028
        6.4.5 Mexico Shellac Flakes Market Size, 2017-2028
    6.5 Europe
        6.5.1 By Country - Europe Shellac Flakes Revenue, 2017-2028
        6.5.2 By Country - Europe Shellac Flakes Sales, 2017-2028
        6.5.3 Germany Shellac Flakes Market Size, 2017-2028
        6.5.4 France Shellac Flakes Market Size, 2017-2028
        6.5.5 U.K. Shellac Flakes Market Size, 2017-2028
        6.5.6 Italy Shellac Flakes Market Size, 2017-2028
        6.5.7 Russia Shellac Flakes Market Size, 2017-2028
        6.5.8 Nordic Countries Shellac Flakes Market Size, 2017-2028
        6.5.9 Benelux Shellac Flakes Market Size, 2017-2028
    6.6 Asia
        6.6.1 By Region - Asia Shellac Flakes Revenue, 2017-2028
        6.6.2 By Region - Asia Shellac Flakes Sales, 2017-2028
        6.6.3 China Shellac Flakes Market Size, 2017-2028
        6.6.4 Japan Shellac Flakes Market Size, 2017-2028
        6.6.5 South Korea Shellac Flakes Market Size, 2017-2028
        6.6.6 Southeast Asia Shellac Flakes Market Size, 2017-2028
        6.6.7 India Shellac Flakes Market Size, 2017-2028
    6.7 South America
        6.7.1 By Country - South America Shellac Flakes Revenue, 2017-2028
        6.7.2 By Country - South America Shellac Flakes Sales, 2017-2028
        6.7.3 Brazil Shellac Flakes Market Size, 2017-2028
        6.7.4 Argentina Shellac Flakes Market Size, 2017-2028
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Shellac Flakes Revenue, 2017-2028
        6.8.2 By Country - Middle East & Africa Shellac Flakes Sales, 2017-2028
        6.8.3 Turkey Shellac Flakes Market Size, 2017-2028
        6.8.4 Israel Shellac Flakes Market Size, 2017-2028
        6.8.5 Saudi Arabia Shellac Flakes Market Size, 2017-2028
        6.8.6 UAE Shellac Flakes Market Size, 2017-2028
7 Manufacturers & Brands Profiles
    7.1 WellerMart
        7.1.1 WellerMart Corporate Summary
        7.1.2 WellerMart Business Overview
        7.1.3 WellerMart Shellac Flakes Major Product Offerings
        7.1.4 WellerMart Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.1.5 WellerMart Key News
    7.2 Rust-Oleum
        7.2.1 Rust-Oleum Corporate Summary
        7.2.2 Rust-Oleum Business Overview
        7.2.3 Rust-Oleum Shellac Flakes Major Product Offerings
        7.2.4 Rust-Oleum Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.2.5 Rust-Oleum Key News
    7.3 Brooklyn Tool and Craft
        7.3.1 Brooklyn Tool and Craft Corporate Summary
        7.3.2 Brooklyn Tool and Craft Business Overview
        7.3.3 Brooklyn Tool and Craft Shellac Flakes Major Product Offerings
        7.3.4 Brooklyn Tool and Craft Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.3.5 Brooklyn Tool and Craft Key News
    7.4 Klean-Strip/Wm Barr
        7.4.1 Klean-Strip/Wm Barr Corporate Summary
        7.4.2 Klean-Strip/Wm Barr Business Overview
        7.4.3 Klean-Strip/Wm Barr Shellac Flakes Major Product Offerings
        7.4.4 Klean-Strip/Wm Barr Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.4.5 Klean-Strip/Wm Barr Key News
    7.5 Instrument Clinic
        7.5.1 Instrument Clinic Corporate Summary
        7.5.2 Instrument Clinic Business Overview
        7.5.3 Instrument Clinic Shellac Flakes Major Product Offerings
        7.5.4 Instrument Clinic Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.5.5 Instrument Clinic Key News
    7.6 Waymil
        7.6.1 Waymil Corporate Summary
        7.6.2 Waymil Business Overview
        7.6.3 Waymil Shellac Flakes Major Product Offerings
        7.6.4 Waymil Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.6.5 Waymil Key News
    7.7 Liberon
        7.7.1 Liberon Corporate Summary
        7.7.2 Liberon Business Overview
        7.7.3 Liberon Shellac Flakes Major Product Offerings
        7.7.4 Liberon Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.7.5 Liberon Key News
    7.8 J.E. Moser's
        7.8.1 J.E. Moser's Corporate Summary
        7.8.2 J.E. Moser's Business Overview
        7.8.3 J.E. Moser's Shellac Flakes Major Product Offerings
        7.8.4 J.E. Moser's Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.8.5 J.E. Moser's Key News
    7.9 Barrington Chemical Corp
        7.9.1 Barrington Chemical Corp Corporate Summary
        7.9.2 Barrington Chemical Corp Business Overview
        7.9.3 Barrington Chemical Corp Shellac Flakes Major Product Offerings
        7.9.4 Barrington Chemical Corp Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.9.5 Barrington Chemical Corp Key News
    7.10 Daebong Incheon factory
        7.10.1 Daebong Incheon factory Corporate Summary
        7.10.2 Daebong Incheon factory Business Overview
        7.10.3 Daebong Incheon factory Shellac Flakes Major Product Offerings
        7.10.4 Daebong Incheon factory Shellac Flakes Sales and Revenue in Global (2017-2022)
        7.10.5 Daebong Incheon factory Key News
8 Global Shellac Flakes Production Capacity, Analysis
    8.1 Global Shellac Flakes Production Capacity, 2017-2028
    8.2 Shellac Flakes Production Capacity of Key Manufacturers in Global Market
    8.3 Global Shellac Flakes Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Shellac Flakes Supply Chain Analysis
    10.1 Shellac Flakes Industry Value Chain
    10.2 Shellac Flakes Upstream Market
    10.3 Shellac Flakes Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Shellac Flakes Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer
List of Tables
    Table 1. Key Players of Shellac Flakes in Global Market
    Table 2. Top Shellac Flakes Players in Global Market, Ranking by Revenue (2021)
    Table 3. Global Shellac Flakes Revenue by Companies, (US$, Mn), 2017-2022
    Table 4. Global Shellac Flakes Revenue Share by Companies, 2017-2022
    Table 5. Global Shellac Flakes Sales by Companies, (K MT), 2017-2022
    Table 6. Global Shellac Flakes Sales Share by Companies, 2017-2022
    Table 7. Key Manufacturers Shellac Flakes Price (2017-2022) & (USD/MT)
    Table 8. Global Manufacturers Shellac Flakes Product Type
    Table 9. List of Global Tier 1 Shellac Flakes Companies, Revenue (US$, Mn) in 2021 and Market Share
    Table 10. List of Global Tier 2 and Tier 3 Shellac Flakes Companies, Revenue (US$, Mn) in 2021 and Market Share
    Table 11. By Type – Global Shellac Flakes Revenue, (US$, Mn), 2021 & 2028
    Table 12. By Type - Global Shellac Flakes Revenue (US$, Mn), 2017-2022
    Table 13. By Type - Global Shellac Flakes Revenue (US$, Mn), 2023-2028
    Table 14. By Type - Global Shellac Flakes Sales (K MT), 2017-2022
    Table 15. By Type - Global Shellac Flakes Sales (K MT), 2023-2028
    Table 16. By Application – Global Shellac Flakes Revenue, (US$, Mn), 2021 & 2028
    Table 17. By Application - Global Shellac Flakes Revenue (US$, Mn), 2017-2022
    Table 18. By Application - Global Shellac Flakes Revenue (US$, Mn), 2023-2028
    Table 19. By Application - Global Shellac Flakes Sales (K MT), 2017-2022
    Table 20. By Application - Global Shellac Flakes Sales (K MT), 2023-2028
    Table 21. By Region – Global Shellac Flakes Revenue, (US$, Mn), 2021 VS 2028
    Table 22. By Region - Global Shellac Flakes Revenue (US$, Mn), 2017-2022
    Table 23. By Region - Global Shellac Flakes Revenue (US$, Mn), 2023-2028
    Table 24. By Region - Global Shellac Flakes Sales (K MT), 2017-2022
    Table 25. By Region - Global Shellac Flakes Sales (K MT), 2023-2028
    Table 26. By Country - North America Shellac Flakes Revenue, (US$, Mn), 2017-2022
    Table 27. By Country - North America Shellac Flakes Revenue, (US$, Mn), 2023-2028
    Table 28. By Country - North America Shellac Flakes Sales, (K MT), 2017-2022
    Table 29. By Country - North America Shellac Flakes Sales, (K MT), 2023-2028
    Table 30. By Country - Europe Shellac Flakes Revenue, (US$, Mn), 2017-2022
    Table 31. By Country - Europe Shellac Flakes Revenue, (US$, Mn), 2023-2028
    Table 32. By Country - Europe Shellac Flakes Sales, (K MT), 2017-2022
    Table 33. By Country - Europe Shellac Flakes Sales, (K MT), 2023-2028
    Table 34. By Region - Asia Shellac Flakes Revenue, (US$, Mn), 2017-2022
    Table 35. By Region - Asia Shellac Flakes Revenue, (US$, Mn), 2023-2028
    Table 36. By Region - Asia Shellac Flakes Sales, (K MT), 2017-2022
    Table 37. By Region - Asia Shellac Flakes Sales, (K MT), 2023-2028
    Table 38. By Country - South America Shellac Flakes Revenue, (US$, Mn), 2017-2022
    Table 39. By Country - South America Shellac Flakes Revenue, (US$, Mn), 2023-2028
    Table 40. By Country - South America Shellac Flakes Sales, (K MT), 2017-2022
    Table 41. By Country - South America Shellac Flakes Sales, (K MT), 2023-2028
    Table 42. By Country - Middle East & Africa Shellac Flakes Revenue, (US$, Mn), 2017-2022
    Table 43. By Country - Middle East & Africa Shellac Flakes Revenue, (US$, Mn), 2023-2028
    Table 44. By Country - Middle East & Africa Shellac Flakes Sales, (K MT), 2017-2022
    Table 45. By Country - Middle East & Africa Shellac Flakes Sales, (K MT), 2023-2028
    Table 46. WellerMart Corporate Summary
    Table 47. WellerMart Shellac Flakes Product Offerings
    Table 48. WellerMart Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 49. Rust-Oleum Corporate Summary
    Table 50. Rust-Oleum Shellac Flakes Product Offerings
    Table 51. Rust-Oleum Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 52. Brooklyn Tool and Craft Corporate Summary
    Table 53. Brooklyn Tool and Craft Shellac Flakes Product Offerings
    Table 54. Brooklyn Tool and Craft Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 55. Klean-Strip/Wm Barr Corporate Summary
    Table 56. Klean-Strip/Wm Barr Shellac Flakes Product Offerings
    Table 57. Klean-Strip/Wm Barr Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 58. Instrument Clinic Corporate Summary
    Table 59. Instrument Clinic Shellac Flakes Product Offerings
    Table 60. Instrument Clinic Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 61. Waymil Corporate Summary
    Table 62. Waymil Shellac Flakes Product Offerings
    Table 63. Waymil Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 64. Liberon Corporate Summary
    Table 65. Liberon Shellac Flakes Product Offerings
    Table 66. Liberon Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 67. J.E. Moser's Corporate Summary
    Table 68. J.E. Moser's Shellac Flakes Product Offerings
    Table 69. J.E. Moser's Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 70. Barrington Chemical Corp Corporate Summary
    Table 71. Barrington Chemical Corp Shellac Flakes Product Offerings
    Table 72. Barrington Chemical Corp Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 73. Daebong Incheon factory Corporate Summary
    Table 74. Daebong Incheon factory Shellac Flakes Product Offerings
    Table 75. Daebong Incheon factory Shellac Flakes Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 76. Shellac Flakes Production Capacity (K MT) of Key Manufacturers in Global Market, 2020-2022 (K MT)
    Table 77. Global Shellac Flakes Capacity Market Share of Key Manufacturers, 2020-2022
    Table 78. Global Shellac Flakes Production by Region, 2017-2022 (K MT)
    Table 79. Global Shellac Flakes Production by Region, 2023-2028 (K MT)
    Table 80. Shellac Flakes Market Opportunities & Trends in Global Market
    Table 81. Shellac Flakes Market Drivers in Global Market
    Table 82. Shellac Flakes Market Restraints in Global Market
    Table 83. Shellac Flakes Raw Materials
    Table 84. Shellac Flakes Raw Materials Suppliers in Global Market
    Table 85. Typical Shellac Flakes Downstream
    Table 86. Shellac Flakes Downstream Clients in Global Market
    Table 87. Shellac Flakes Distributors and Sales Agents in Global Market
List of Figures
    Figure 1. Shellac Flakes Segment by Type
    Figure 2. Shellac Flakes Segment by Application
    Figure 3. Global Shellac Flakes Market Overview: 2021
    Figure 4. Key Caveats
    Figure 5. Global Shellac Flakes Market Size: 2021 VS 2028 (US$, Mn)
    Figure 6. Global Shellac Flakes Revenue, 2017-2028 (US$, Mn)
    Figure 7. Shellac Flakes Sales in Global Market: 2017-2028 (K MT)
    Figure 8. The Top 3 and 5 Players Market Share by Shellac Flakes Revenue in 2021
    Figure 9. By Type - Global Shellac Flakes Sales Market Share, 2017-2028
    Figure 10. By Type - Global Shellac Flakes Revenue Market Share, 2017-2028
    Figure 11. By Type - Global Shellac Flakes Price (USD/MT), 2017-2028
    Figure 12. By Application - Global Shellac Flakes Sales Market Share, 2017-2028
    Figure 13. By Application - Global Shellac Flakes Revenue Market Share, 2017-2028
    Figure 14. By Application - Global Shellac Flakes Price (USD/MT), 2017-2028
    Figure 15. By Region - Global Shellac Flakes Sales Market Share, 2017-2028
    Figure 16. By Region - Global Shellac Flakes Revenue Market Share, 2017-2028
    Figure 17. By Country - North America Shellac Flakes Revenue Market Share, 2017-2028
    Figure 18. By Country - North America Shellac Flakes Sales Market Share, 2017-2028
    Figure 19. US Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 20. Canada Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 21. Mexico Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 22. By Country - Europe Shellac Flakes Revenue Market Share, 2017-2028
    Figure 23. By Country - Europe Shellac Flakes Sales Market Share, 2017-2028
    Figure 24. Germany Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 25. France Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 26. U.K. Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 27. Italy Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 28. Russia Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 29. Nordic Countries Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 30. Benelux Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 31. By Region - Asia Shellac Flakes Revenue Market Share, 2017-2028
    Figure 32. By Region - Asia Shellac Flakes Sales Market Share, 2017-2028
    Figure 33. China Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 34. Japan Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 35. South Korea Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 36. Southeast Asia Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 37. India Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 38. By Country - South America Shellac Flakes Revenue Market Share, 2017-2028
    Figure 39. By Country - South America Shellac Flakes Sales Market Share, 2017-2028
    Figure 40. Brazil Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 41. Argentina Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 42. By Country - Middle East & Africa Shellac Flakes Revenue Market Share, 2017-2028
    Figure 43. By Country - Middle East & Africa Shellac Flakes Sales Market Share, 2017-2028
    Figure 44. Turkey Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 45. Israel Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 46. Saudi Arabia Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 47. UAE Shellac Flakes Revenue, (US$, Mn), 2017-2028
    Figure 48. Global Shellac Flakes Production Capacity (K MT), 2017-2028
    Figure 49. The Percentage of Production Shellac Flakes by Region, 2021 VS 2028
    Figure 50. Shellac Flakes Industry Value Chain
    Figure 51. Marketing Channels
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Frequently Asked Questions
Shellac Flakes Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Shellac Flakes Market report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Shellac Flakes Market report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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