Bio-Based Coating Market Key Companies, Demand, and SWOT Analysis by 2031

Coverage: Bio-Based Coating Market covers analysis By Type (Acrylic, Alkyds, Epoxy, Polyester, Urethane, Others); Application (Automotive, Wood, Paper, Building and construction, Food Packaging, Others.) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00028389
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Bio-Based Coating Market Trends, Share, and Growth (2021-2031)

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The Bio-Based Coating Market is expected to register a CAGR of 10% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report presents analysis based on resin type (alkyd, polyurethane, acrylic, epoxy, polyester, and others). The report is segmented by technology (water-based and solvent-based). The report is segmented by application (building and construction, automotive, woodworking, paper and paperboard, marine, aerospace, packaging, and others). The global analysis is further broken-down at 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 and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.

Purpose of the Report

The report Bio-Based Coating 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.

Bio-Based Coating Market Segmentation

Resin Type
  • Alkyd
  • Polyurethane
  • Acrylic
  • Epoxy
  • Polyester
Technology
  • Water-based
  • Solvent-based

Strategic Insights

Bio-Based Coating Market Growth Drivers
  • Rising Demand for Sustainable and Eco-Friendly Coatings: The increasing demand for sustainable, eco-friendly coatings is driving the growth of the bio-based coating market. These coatings, made from renewable resources like plant oils, starches, and proteins, are gaining popularity due to their reduced environmental impact compared to conventional petroleum-based coatings. Industries across automotive, construction, and packaging are adopting bio-based coatings to meet sustainability goals.
  • Government Regulations and Environmental Standards: Strict government regulations regarding environmental impact, including VOC (volatile organic compound) emissions and hazardous chemicals, are accelerating the adoption of bio-based coatings. Policies promoting sustainable materials and green building certifications, such as LEED (Leadership in Energy and Environmental Design), are encouraging industries to switch to bio-based coatings. These regulations are fostering a favorable market environment for the growth of bio-based alternatives.
  • Increasing Focus on Green Building and Infrastructure: The growing emphasis on green building practices and eco-friendly construction materials is a major driver for the bio-based coating market. Bio-based coatings are increasingly used in paints, varnishes, and protective coatings for buildings and infrastructure projects. As more construction projects aim for sustainability and energy efficiency, the demand for bio-based coatings in this sector continues to rise.
Bio-Based Coating Market Future Trends
  • Technological Advancements in Bio-Based Coating Formulations: Significant advancements in bio-based coating formulations, including the development of more durable, efficient, and cost-effective coatings, are driving market growth. Innovations in resin chemistry, such as bio-based acrylics and polyurethanes, are improving the performance of bio-based coatings, making them more suitable for a wide range of industrial applications. These advancements are expected to expand market adoption.
  • Growing Adoption in Packaging and Consumer Goods: The bio-based coating market is experiencing significant growth in the packaging industry due to the increasing demand for sustainable and biodegradable solutions. Bio-based coatings are used for packaging materials like paper, cardboard, and plastic to enhance their performance and shelf life while remaining environmentally friendly. The trend towards sustainable packaging is driving the adoption of bio-based coatings.
  • Rising Consumer Awareness and Preference for Eco-Friendly Products: As consumer awareness of environmental issues grows, there is an increasing preference for eco-friendly products, including bio-based coatings. Industries are responding to consumer demand for sustainable products by incorporating bio-based coatings in consumer goods such as furniture, electronics, and home décor. This consumer shift towards sustainable products is expanding the bio-based coatings market.
Bio-Based Coating Market Opportunities
  • Increased Opportunities in Emerging Markets: Emerging markets in Asia-Pacific, Latin America, and Africa present significant growth opportunities for the bio-based coating market. As industrialization and urbanization increase in these regions, there is rising demand for eco-friendly coatings in sectors such as construction, automotive, and packaging. Governments in these regions are also implementing sustainability initiatives, driving the adoption of bio-based coatings.
  • Expansion in Automotive and Aerospace Industries: The automotive and aerospace industries present substantial growth opportunities for bio-based coatings. These sectors are increasingly adopting bio-based coatings to meet regulatory standards for reducing emissions and improving fuel efficiency. Bio-based coatings are also used in these industries for lightweight, durable, and corrosion-resistant applications, leading to an expanded market presence.
  • Research and Development for Advanced Bio-Based Coatings: Ongoing research and development in bio-based coating technologies are creating opportunities for the market. Researchers are focused on developing bio-based coatings with enhanced performance properties, such as better durability, UV resistance, and water repellency. These innovations will enable bio-based coatings to compete more effectively with traditional coatings, driving growth across various industries.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bio-Based Coating 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 Bio-Based Coating 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
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which is the fastest growing segment based on resin technology?

Based on technology, the water-based segment is expected to witness the fastest growth during the forecast period

Based on geography, which region held the largest share of the bio-based coatings market?

Based on geography, North America held the largest share of the bio-based coatings market due to the stringent environmental regulations, a strong emphasis on sustainability, and the presence of key industry players investing in eco-friendly solutions.

What is the future trend for the bio-based coatings market?

The shift towards water-based and powder coatings is expected to be the key market trends.

What are the driving factors impacting the bio-based coatings market?

Advancements in bio-based materials is driving the market growth.

What are the key players operating in the bio-based coatings market?

Akzo Nobel N.V.; PPG Industries; The Sherwin-Williams Company; Stora Enso; Tremco Roofing; ICA SpA; Ciranova; INDUSTRIAS QUÍMICAS MASQUELACK S.A.; Nippon Paint Holdings Co., Ltd.; and RPM International Inc. are some of the key players operating in the bio-based coatings market

What is the expected CAGR of the Bio-Based Coating Market?

The Bio-Based Coating Market is estimated to witness a CAGR of 10% from 2023 to 2031

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 Bio-Based Coating Market - By Type
1.3.2 Bio-Based Coating Market - By Application
1.3.3 Bio-Based Coating Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BIO-BASED COATING 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. BIO-BASED COATING 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. BIO-BASED COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. BIO-BASED COATING - GLOBAL MARKET OVERVIEW
6.2. BIO-BASED COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. BIO-BASED COATING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACRYLIC
7.3.1. Overview
7.3.2. Acrylic Market Forecast and Analysis
7.4. ALKYDS
7.4.1. Overview
7.4.2. Alkyds Market Forecast and Analysis
7.5. EPOXY
7.5.1. Overview
7.5.2. Epoxy Market Forecast and Analysis
7.6. POLYESTER
7.6.1. Overview
7.6.2. Polyester Market Forecast and Analysis
7.7. URETHANE
7.7.1. Overview
7.7.2. Urethane Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. BIO-BASED COATING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. WOOD
8.4.1. Overview
8.4.2. Wood Market Forecast and Analysis
8.5. PAPER
8.5.1. Overview
8.5.2. Paper Market Forecast and Analysis
8.6. BUILDING AND CONSTRUCTION
8.6.1. Overview
8.6.2. Building and construction Market Forecast and Analysis
8.7. FOOD PACKAGING
8.7.1. Overview
8.7.2. Food Packaging Market Forecast and Analysis
8.8. OTHERS.
8.8.1. Overview
8.8.2. Others. Market Forecast and Analysis

9. BIO-BASED COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bio-Based Coating Market Overview
9.1.2 North America Bio-Based Coating Market Forecasts and Analysis
9.1.3 North America Bio-Based Coating Market Forecasts and Analysis - By Type
9.1.4 North America Bio-Based Coating Market Forecasts and Analysis - By Application
9.1.5 North America Bio-Based Coating Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Bio-Based Coating Market
9.1.5.1.1 Canada Bio-Based Coating Market by Type
9.1.5.1.2 Canada Bio-Based Coating Market by Application
9.1.5.2 Mexico Bio-Based Coating Market
9.1.5.2.1 Mexico Bio-Based Coating Market by Type
9.1.5.2.2 Mexico Bio-Based Coating Market by Application
9.1.5.3 US Bio-Based Coating Market
9.1.5.3.1 US Bio-Based Coating Market by Type
9.1.5.3.2 US Bio-Based Coating Market by Application
9.2. EUROPE
9.2.1 Europe Bio-Based Coating Market Overview
9.2.2 Europe Bio-Based Coating Market Forecasts and Analysis
9.2.3 Europe Bio-Based Coating Market Forecasts and Analysis - By Type
9.2.4 Europe Bio-Based Coating Market Forecasts and Analysis - By Application
9.2.5 Europe Bio-Based Coating Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bio-Based Coating Market
9.2.5.1.1 Germany Bio-Based Coating Market by Type
9.2.5.1.2 Germany Bio-Based Coating Market by Application
9.2.5.2 France Bio-Based Coating Market
9.2.5.2.1 France Bio-Based Coating Market by Type
9.2.5.2.2 France Bio-Based Coating Market by Application
9.2.5.3 Italy Bio-Based Coating Market
9.2.5.3.1 Italy Bio-Based Coating Market by Type
9.2.5.3.2 Italy Bio-Based Coating Market by Application
9.2.5.4 United Kingdom Bio-Based Coating Market
9.2.5.4.1 United Kingdom Bio-Based Coating Market by Type
9.2.5.4.2 United Kingdom Bio-Based Coating Market by Application
9.2.5.5 Rest of Europe Bio-Based Coating Market
9.2.5.5.1 Rest of Europe Bio-Based Coating Market by Type
9.2.5.5.2 Rest of Europe Bio-Based Coating Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bio-Based Coating Market Overview
9.3.2 Asia-Pacific Bio-Based Coating Market Forecasts and Analysis
9.3.3 Asia-Pacific Bio-Based Coating Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Bio-Based Coating Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Bio-Based Coating Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bio-Based Coating Market
9.3.5.1.1 Australia Bio-Based Coating Market by Type
9.3.5.1.2 Australia Bio-Based Coating Market by Application
9.3.5.2 China Bio-Based Coating Market
9.3.5.2.1 China Bio-Based Coating Market by Type
9.3.5.2.2 China Bio-Based Coating Market by Application
9.3.5.3 India Bio-Based Coating Market
9.3.5.3.1 India Bio-Based Coating Market by Type
9.3.5.3.2 India Bio-Based Coating Market by Application
9.3.5.4 Japan Bio-Based Coating Market
9.3.5.4.1 Japan Bio-Based Coating Market by Type
9.3.5.4.2 Japan Bio-Based Coating Market by Application
9.3.5.5 South Korea Bio-Based Coating Market
9.3.5.5.1 South Korea Bio-Based Coating Market by Type
9.3.5.5.2 South Korea Bio-Based Coating Market by Application
9.3.5.6 Rest of Asia-Pacific Bio-Based Coating Market
9.3.5.6.1 Rest of Asia-Pacific Bio-Based Coating Market by Type
9.3.5.6.2 Rest of Asia-Pacific Bio-Based Coating Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bio-Based Coating Market Overview
9.4.2 Middle East and Africa Bio-Based Coating Market Forecasts and Analysis
9.4.3 Middle East and Africa Bio-Based Coating Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Bio-Based Coating Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Bio-Based Coating Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bio-Based Coating Market
9.4.5.1.1 South Africa Bio-Based Coating Market by Type
9.4.5.1.2 South Africa Bio-Based Coating Market by Application
9.4.5.2 Saudi Arabia Bio-Based Coating Market
9.4.5.2.1 Saudi Arabia Bio-Based Coating Market by Type
9.4.5.2.2 Saudi Arabia Bio-Based Coating Market by Application
9.4.5.3 U.A.E Bio-Based Coating Market
9.4.5.3.1 U.A.E Bio-Based Coating Market by Type
9.4.5.3.2 U.A.E Bio-Based Coating Market by Application
9.4.5.4 Rest of Middle East and Africa Bio-Based Coating Market
9.4.5.4.1 Rest of Middle East and Africa Bio-Based Coating Market by Type
9.4.5.4.2 Rest of Middle East and Africa Bio-Based Coating Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bio-Based Coating Market Overview
9.5.2 South and Central America Bio-Based Coating Market Forecasts and Analysis
9.5.3 South and Central America Bio-Based Coating Market Forecasts and Analysis - By Type
9.5.4 South and Central America Bio-Based Coating Market Forecasts and Analysis - By Application
9.5.5 South and Central America Bio-Based Coating Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bio-Based Coating Market
9.5.5.1.1 Brazil Bio-Based Coating Market by Type
9.5.5.1.2 Brazil Bio-Based Coating Market by Application
9.5.5.2 Argentina Bio-Based Coating Market
9.5.5.2.1 Argentina Bio-Based Coating Market by Type
9.5.5.2.2 Argentina Bio-Based Coating Market by Application
9.5.5.3 Rest of South and Central America Bio-Based Coating Market
9.5.5.3.1 Rest of South and Central America Bio-Based Coating Market by Type
9.5.5.3.2 Rest of South and Central America Bio-Based Coating Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. BIO-BASED COATING MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KCC PAINTS SDN BHD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARGILL, INCORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ECO SAFETY PRODUCTS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BENJAMIN MOORE & CO.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIPPON PAINT HOLDINGS CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ASIAN PAINTS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RALSTON COLOUR AND COATINGS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MAULER
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AXALTA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.BASF SE
2.KCC PAINTS SDN BHD
3.Cargill, Incorporation
4.Eco Safety Products
5.Benjamin Moore & Co.
6.Nippon Paint Holdings Co., Ltd.
7.Asian Paints
8.Ralston Colour and Coatings
9.Mauler
10.Axalta

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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