Adhesive Films Market Report - (Growth and Size by 2031)
The Adhesive Films Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The adhesive films market report is segmented by resin type (acrylic, rubber, silicone, ethylene-vinyl acetate, and others). The market is segmented based on the film material (polypropylene, polyvinyl chloride, polyethylene, and others). The market is segmented based on application (labels, tapes, and graphic films). The market is segmented based on the end-use industry (packaging, building and construction, automotive, aerospace, electrical and electronics, medical, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Adhesive Films Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Adhesive Films Market Segmentation
Resin Type- Acrylic
- Rubber
- Silicone
- Ethylene-Vinyl Acetate
- Polypropylene
- Polyvinyl Chloride
- Polyethylene
- Labels
- Tapes
- Graphic Films
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Adhesive Films Market Growth Drivers- Rising Demand for Adhesive Films: The major factor of global adhesive films market growth is due to heightened demand from different end-use industries, automotive, electronics, healthcare, and packaging. The automotive adhesive films are applied in dispersive bonding of different components for stiffening effects and for weight reduction. In electronics, they are integral in device assembly to ensure lasting use and performance. The adhesive films are increasingly used in the healthcare sector in medical devices, wound management systems and surgeries, thus increasing the demand as well.
- Innovative Advancements: Market expansion is also due to the innovations in the adhesive technologies. The development of products such as pressure-sensitive adhesives, heat-activated adhesives, and water-based adhesives enhances the quality of these adhesives by improving adhesion, durability, and resistance to adverse environments, among other characteristics. These developments serve not only to extend the scope of use of the adhesive films but also allow the manufacturers to comply with particular regulations and performance requirements which further enhances the market’s growth.
- Rise in Sustainability: There is a rising rate of adoption of ecological and sustainable levels which is altering the adhesive films market. After all, they are attempting to create systems that are less toxic to the earth's surface, so exhausted reclaimed cellulose organic film materials and recyclable tape applied directly to PP film will be introduced into practice. Trends such as government policies and consumers’ proclivity towards sustainable products are making it imperative for producers to enhance their processes and develop these line of products.´
- Growth of Smart Adhesive Films: A surge in production and adoption of smart adhesive films that can respond to stimuli and change the shape of the film for instance, temperature, light, and moisture, can be expected in the market. These high-performance adhesive technologies will offer enhanced functionality and performance, thus making them perfect for various applications that include electronics, biomedical devices, and many others. The smart materials incorporation is anticipated to change the dynamics of the adhesive films market by opening doors for more innovations.
- Growing Demand for Customized Adhesive Films: With more industries looking for specific solutions, the requirement for adhesive film for specific applications is anticipated to rise. There will be a need for manufacturers to come up with adhesive films that fulfill different application requirements, such as thicknesses, adhesion levels, and material preferences. This shift towards personalization will be fueled by the need for maximized efficiency and performance in all applications, ranging from packaging to building construction.
- Growth Driven by Digital Manufacturing: The adhesive films market will expand due to the rise in the use of digital processes and manufacturing automation. Modern Smart manufacturing practices, such as manufacturing execution systems and advanced data analytics, will increase productivity and minimize spoilage.
- Growth in Emerging Markets: The adhesive films market presents immense growth potential in emerging economies in which the process of industrialization and urbanization has increased demand in all sectors. Countries in Asia-Pacific, Latin America, and the Middle East have in place extensive infrastructure and increased spending by the consumers which is a perfect market for adhesive films.
- Rising Demand for Healthcare: The healthcare market is another vertical segment that goes along due to rising demand for improved medical equipment, dressing supplies, and health diagnostics. It is evident that the older a person is, the more the healthcare methods and technologies become embedded into the everyday lifestyle. This provides the opportunity for adhesive film manufacturers.
- Collaborative Partnerships Driving Adhesive Innovation: Partnerships of adhesive producers with other companies can bring out new adhesive technologies. Using expert knowledge from various fields of materials, engineering ,and application technologies, it is possible to manufacture and supply advanced adhesive films that are customer-specific in all aspects. This type of partnership between various players in different industries can be helpful in expansion by venturing into different areas and applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Adhesive Films Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Adhesive Films Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Adhesive Films Market is estimated to witness a CAGR of 4% from 2023 to 2031
Increased focus on customization is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the adhesive films market due to its rapidly growing automotive, construction, and packaging industry.
Based on application, the tapes segment is expected to witness the fastest growth during the forecast period.
3M, Henkel, Avery Dennison, HB Fuller, Cosmo Films, Mondi Group, Adhesive Films Inc, Nitto Denko, Fuji Seal International, and Constantia Flexibles are the key players operating in the adhesive films market.
The strong growth of the automotive and packaging industry is driving the market growth.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Adhesive Films Market - By Material
1.3.2 Adhesive Films Market - By Application
1.3.3 Adhesive Films Market - By End-Use Industry
1.3.4 Adhesive Films Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ADHESIVE FILMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ADHESIVE FILMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ADHESIVE FILMS MARKET - GLOBAL MARKET ANALYSIS
6.1. ADHESIVE FILMS - GLOBAL MARKET OVERVIEW
6.2. ADHESIVE FILMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ADHESIVE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYETHYLENE
7.3.1. Overview
7.3.2. Polyethylene Market Forecast and Analysis
7.4. POLYPROPYLENE
7.4.1. Overview
7.4.2. Polypropylene Market Forecast and Analysis
7.5. POLYVINYL CHLORIDE
7.5.1. Overview
7.5.2. Polyvinyl Chloride Market Forecast and Analysis
7.6. POLYESTER
7.6.1. Overview
7.6.2. Polyester Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ADHESIVE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TAPES
8.3.1. Overview
8.3.2. Tapes Market Forecast and Analysis
8.4. LAMINATES
8.4.1. Overview
8.4.2. Laminates Market Forecast and Analysis
8.5. LABELS AND GRAPHIC FILMS
8.5.1. Overview
8.5.2. Labels and Graphic Films Market Forecast and Analysis
9. ADHESIVE FILMS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. PACKAGING
9.3.1. Overview
9.3.2. Packaging Market Forecast and Analysis
9.4. TRANSPORTATION
9.4.1. Overview
9.4.2. Transportation Market Forecast and Analysis
9.5. ELECTRICAL AND ELECTRONICS
9.5.1. Overview
9.5.2. Electrical and Electronics Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ADHESIVE FILMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Adhesive Films Market Overview
10.1.2 North America Adhesive Films Market Forecasts and Analysis
10.1.3 North America Adhesive Films Market Forecasts and Analysis - By Material
10.1.4 North America Adhesive Films Market Forecasts and Analysis - By Application
10.1.5 North America Adhesive Films Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Adhesive Films Market Forecasts and Analysis - By Countries
10.1.6.1 United States Adhesive Films Market
10.1.6.1.1 United States Adhesive Films Market by Material
10.1.6.1.2 United States Adhesive Films Market by Application
10.1.6.1.3 United States Adhesive Films Market by End-Use Industry
10.1.6.2 Canada Adhesive Films Market
10.1.6.2.1 Canada Adhesive Films Market by Material
10.1.6.2.2 Canada Adhesive Films Market by Application
10.1.6.2.3 Canada Adhesive Films Market by End-Use Industry
10.1.6.3 Mexico Adhesive Films Market
10.1.6.3.1 Mexico Adhesive Films Market by Material
10.1.6.3.2 Mexico Adhesive Films Market by Application
10.1.6.3.3 Mexico Adhesive Films Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Adhesive Films Market Overview
10.2.2 Europe Adhesive Films Market Forecasts and Analysis
10.2.3 Europe Adhesive Films Market Forecasts and Analysis - By Material
10.2.4 Europe Adhesive Films Market Forecasts and Analysis - By Application
10.2.5 Europe Adhesive Films Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Adhesive Films Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Adhesive Films Market
10.2.6.1.1 Germany Adhesive Films Market by Material
10.2.6.1.2 Germany Adhesive Films Market by Application
10.2.6.1.3 Germany Adhesive Films Market by End-Use Industry
10.2.6.2 France Adhesive Films Market
10.2.6.2.1 France Adhesive Films Market by Material
10.2.6.2.2 France Adhesive Films Market by Application
10.2.6.2.3 France Adhesive Films Market by End-Use Industry
10.2.6.3 Italy Adhesive Films Market
10.2.6.3.1 Italy Adhesive Films Market by Material
10.2.6.3.2 Italy Adhesive Films Market by Application
10.2.6.3.3 Italy Adhesive Films Market by End-Use Industry
10.2.6.4 United Kingdom Adhesive Films Market
10.2.6.4.1 United Kingdom Adhesive Films Market by Material
10.2.6.4.2 United Kingdom Adhesive Films Market by Application
10.2.6.4.3 United Kingdom Adhesive Films Market by End-Use Industry
10.2.6.5 Russia Adhesive Films Market
10.2.6.5.1 Russia Adhesive Films Market by Material
10.2.6.5.2 Russia Adhesive Films Market by Application
10.2.6.5.3 Russia Adhesive Films Market by End-Use Industry
10.2.6.6 Rest of Europe Adhesive Films Market
10.2.6.6.1 Rest of Europe Adhesive Films Market by Material
10.2.6.6.2 Rest of Europe Adhesive Films Market by Application
10.2.6.6.3 Rest of Europe Adhesive Films Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Adhesive Films Market Overview
10.3.2 Asia-Pacific Adhesive Films Market Forecasts and Analysis
10.3.3 Asia-Pacific Adhesive Films Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Adhesive Films Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Adhesive Films Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Adhesive Films Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Adhesive Films Market
10.3.6.1.1 Australia Adhesive Films Market by Material
10.3.6.1.2 Australia Adhesive Films Market by Application
10.3.6.1.3 Australia Adhesive Films Market by End-Use Industry
10.3.6.2 China Adhesive Films Market
10.3.6.2.1 China Adhesive Films Market by Material
10.3.6.2.2 China Adhesive Films Market by Application
10.3.6.2.3 China Adhesive Films Market by End-Use Industry
10.3.6.3 India Adhesive Films Market
10.3.6.3.1 India Adhesive Films Market by Material
10.3.6.3.2 India Adhesive Films Market by Application
10.3.6.3.3 India Adhesive Films Market by End-Use Industry
10.3.6.4 Japan Adhesive Films Market
10.3.6.4.1 Japan Adhesive Films Market by Material
10.3.6.4.2 Japan Adhesive Films Market by Application
10.3.6.4.3 Japan Adhesive Films Market by End-Use Industry
10.3.6.5 South Korea Adhesive Films Market
10.3.6.5.1 South Korea Adhesive Films Market by Material
10.3.6.5.2 South Korea Adhesive Films Market by Application
10.3.6.5.3 South Korea Adhesive Films Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Adhesive Films Market
10.3.6.6.1 Rest of Asia-Pacific Adhesive Films Market by Material
10.3.6.6.2 Rest of Asia-Pacific Adhesive Films Market by Application
10.3.6.6.3 Rest of Asia-Pacific Adhesive Films Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Adhesive Films Market Overview
10.4.2 Middle East and Africa Adhesive Films Market Forecasts and Analysis
10.4.3 Middle East and Africa Adhesive Films Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Adhesive Films Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Adhesive Films Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Adhesive Films Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Adhesive Films Market
10.4.6.1.1 South Africa Adhesive Films Market by Material
10.4.6.1.2 South Africa Adhesive Films Market by Application
10.4.6.1.3 South Africa Adhesive Films Market by End-Use Industry
10.4.6.2 Saudi Arabia Adhesive Films Market
10.4.6.2.1 Saudi Arabia Adhesive Films Market by Material
10.4.6.2.2 Saudi Arabia Adhesive Films Market by Application
10.4.6.2.3 Saudi Arabia Adhesive Films Market by End-Use Industry
10.4.6.3 U.A.E Adhesive Films Market
10.4.6.3.1 U.A.E Adhesive Films Market by Material
10.4.6.3.2 U.A.E Adhesive Films Market by Application
10.4.6.3.3 U.A.E Adhesive Films Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Adhesive Films Market
10.4.6.4.1 Rest of Middle East and Africa Adhesive Films Market by Material
10.4.6.4.2 Rest of Middle East and Africa Adhesive Films Market by Application
10.4.6.4.3 Rest of Middle East and Africa Adhesive Films Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Adhesive Films Market Overview
10.5.2 South and Central America Adhesive Films Market Forecasts and Analysis
10.5.3 South and Central America Adhesive Films Market Forecasts and Analysis - By Material
10.5.4 South and Central America Adhesive Films Market Forecasts and Analysis - By Application
10.5.5 South and Central America Adhesive Films Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Adhesive Films Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Adhesive Films Market
10.5.6.1.1 Brazil Adhesive Films Market by Material
10.5.6.1.2 Brazil Adhesive Films Market by Application
10.5.6.1.3 Brazil Adhesive Films Market by End-Use Industry
10.5.6.2 Argentina Adhesive Films Market
10.5.6.2.1 Argentina Adhesive Films Market by Material
10.5.6.2.2 Argentina Adhesive Films Market by Application
10.5.6.2.3 Argentina Adhesive Films Market by End-Use Industry
10.5.6.3 Rest of South and Central America Adhesive Films Market
10.5.6.3.1 Rest of South and Central America Adhesive Films Market by Material
10.5.6.3.2 Rest of South and Central America Adhesive Films Market by Application
10.5.6.3.3 Rest of South and Central America Adhesive Films Market by End-Use Industry
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ADHESIVE FILMS MARKET, KEY COMPANY PROFILES
12.1. 3M
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AVERY DENNISON CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BASF SE
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BOSTIK
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CCL INDUSTRIES
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DOW
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GLUETEX
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. HENKEL AG AND CO. KGAA
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TORAY INDUSTRIES
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. UPM-KYMMENE
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
12.11. ADHESIVE FILMS, INC.
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. COSMO FILMS LTD.
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. IRPLAST S.P.A.
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. TEKRA, LLC
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. H.B. FULLER COMPANY
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. KLöCKNER PENTAPLAST GROUP
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. ARKEMA GROUP
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. DUPONT
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. DYMAX CORPORATION
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. SOLVAY S.A.
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- 3M
- Avery Dennison Corporation
- BASF SE
- Bostik
- CCL Industries
- Dow
- Gluetex
- Henkel AG & Co. KGaA
- Toray Industries
- UPM-Kymmene
- Adhesive Films, Inc.
- Cosmo Films Ltd.
- Irplast S.p.A.
- TEKRA, LLC.
- H.B. Fuller Company
- Klöckner Pentaplast Group
- Arkema Group
- DuPont
- Dymax Corporation
- Solvay S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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