The Coating Additives Market is expected to register a CAGR of 4.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Deafoamers, Wetting and Dispersing Agents, Rheology Modifiers, and Others). The report is also segmented based on Formulation (Water-Based and Solvent-Based) and Application (Architectural, Industrial, Automotive and Transportation, Wood and Furniture, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Coating Additives 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.
Coating Additives Market Segmentation
Type- Deafoamers
- Wetting and Dispersing Agents
- Rheology Modifiers
- Water-Based and Solvent-Based
- Architectural
- Industrial
- Automotive and Transportation
- Wood and Furniture
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Coating Additives Market Growth Drivers- Coating Additives Market Driven by Automotive Industry's Aesthetic and Performance Needs: The coating additives market is also being propelled by the automotive sector since manufacturers strive for the better aesthetics and performance of vehicles. Coating additives enhance some surface properties, such as gloss and scratch resistance, which are essential for the present-day automobiles. As the production of automobiles increases at the global scale, the needs for these additives are anticipated to rise sharply.
- Construction Boom Fuels Rising Demand for Coating Additives: The demand for coating additives worldwide is fuelled by rising activity in construction. New buildings and infrastructural developments being put up, the need for hard wearing and good looking coatings is on the rise. Coating additives help to achieve such requirements, which is why they are crucial in construction.
- Growing Focus on Eco-Friendly Products Boosts Green Coating Additives Demand: Almost all industries are adopting environmentally friendly products, and this has increased the demand for green coating additives. More so, manufacturers are making more efforts in coming up with green products without risking the health of the public. This change goes beyond consumer preference and turns out to be the market opportunity for new and better eco-friendly coatings.
- Sustainable Innovations Drive Growth in the Coating Additives Market: The everlasting coat manufacturers have also been influenced by the coat additive options offered in the market, and there is a development of sustainable innovations as a result. The Coating Additives Market is also affected due to growing population’s demand for coating, decoration and surface finishing related activities and products.
- Rise of Water-Based Coatings Highlights Demand for Greener Additives: Against this background, the rise of water-based coatings is particularly evident in the painting and coating industries. Coating additives that perform tasks like anti-foaming and stabilizing of water-based formulations are used even more now which indicates the universal demand for safer and greener products.
- Technological Advancements in Additive Formulations Boost Market Performance: The revolution in the coating additive formulation has a drastic change in the market. The Focus has also widened to produce additives that improve other properties such as adhesion, durability, UV resistance, and others. These technological innovations allow the suppliers of coat additive to produce advanced quality and high-performance coats to cater for the diverse application needs in the market which enhances the coating additives market.
- Automotive and Aerospace Industries Drive Demand for Specialized Coating Additives: The coating additives market is set to benefit from the booming automotive and aerospace industries. With the growing preference of manufacturers for high-quality coatings suitable for protection and beautification, the requirement for special purpose additives is expected to rise. This is mainly because these sectors are dominated by lightweight, corrosion-resistant materials.
- Nanotechnology in Coating Additives Unlocks New Market Potential: The use of nanotechnology in the field of coating additives has provided a new dimension for the market expansion. Nanoparticles can provide coatings with improved operational qualities – for example, improved scratch resistance, UV protection, bacteria resistance. As such cutting-edge technologies are embraced by more industries, it is forecast that there will also be an increasing need for novel additives based on nanotechnology.
- Global Infrastructure Growth Fuels Rising Demand for High-Quality Coating Additives: The increasing construction and infrastructure development taking place on a global scale presents plenty of scope for growth for the coating additives market. It is expected that as new buildings and infrastructure are put in place there will be an increasing demand for coatings of high quality to serve decorative and protective purposes, and durable performing efficient additives will continue to be in demand, thus expanding the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Coating Additives 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 Coating Additives 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on geography, North America held the largest share of the coating additivess market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increasing demand for eco-friendly coating additives is likely to remain the key trend in the market.
Evonik Industries AG, Altana AG, BASF SE, Dow Inc, Nouryon, Arkema SA, Elementis Plc, Allnex GmbH, Clariant AG, and Eastman Chemical Company are among the leading players operating in the coating additivess market.
Rising demand for manufacturing automotive coatings is driving the market growth
The Coating Additives Market is estimated to witness a CAGR of 4.7% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Coating Additives Market - By Type
1.3.2Coating Additives Market - By Formulation
1.3.3Coating Additives Market - By Function
1.3.4Coating Additives Market - By Application
1.3.5Coating Additives Market - By Region
1.3.5.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.COATING ADDITIVES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.COATING ADDITIVES 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.COATING ADDITIVES MARKET - GLOBAL MARKET ANALYSIS
6.1.COATING ADDITIVES - GLOBAL MARKET OVERVIEW
6.2.COATING ADDITIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.COATING ADDITIVES 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.METALLIC
7.4.1.Overview
7.4.2.Metallic Market Forecast and Analysis
7.5.FLUOROPOLYMER
7.5.1.Overview
7.5.2.Fluoropolymer Market Forecast and Analysis
7.6.URETHANE
7.6.1.Overview
7.6.2.Urethane Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.COATING ADDITIVES MARKET - REVENUE AND FORECASTS TO 2028 - FORMULATION
8.1.OVERVIEW
8.2.FORMULATION MARKET FORECASTS AND ANALYSIS
8.3.WATER-BORNE
8.3.1.Overview
8.3.2.Water-Borne Market Forecast and Analysis
8.4.SOLVENT-BORNE
8.4.1.Overview
8.4.2.Solvent-Borne Market Forecast and Analysis
8.5.POWDER-BASED
8.5.1.Overview
8.5.2.Powder-Based Market Forecast and Analysis
9.COATING ADDITIVES MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1.OVERVIEW
9.2.FUNCTION MARKET FORECASTS AND ANALYSIS
9.3.ANTI-FOAMING
9.3.1.Overview
9.3.2.Anti-Foaming Market Forecast and Analysis
9.4.WETTING AND DISPERSION
9.4.1.Overview
9.4.2.Wetting and Dispersion Market Forecast and Analysis
9.5.BIOCIDES
9.5.1.Overview
9.5.2.Biocides Market Forecast and Analysis
9.6.RHEOLOGY MODIFICATION
9.6.1.Overview
9.6.2.Rheology Modification Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.COATING ADDITIVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.AUTOMOTIVE
10.3.1.Overview
10.3.2.Automotive Market Forecast and Analysis
10.4.ARCHITECTURAL
10.4.1.Overview
10.4.2.Architectural Market Forecast and Analysis
10.5.INDUSTRIAL
10.5.1.Overview
10.5.2.Industrial Market Forecast and Analysis
10.6.WOOD AND FURNITURE
10.6.1.Overview
10.6.2.Wood and Furniture Market Forecast and Analysis
10.7.OTHERS
10.7.1.Overview
10.7.2.Others Market Forecast and Analysis
11.COATING ADDITIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Coating Additives Market Overview
11.1.2North America Coating Additives Market Forecasts and Analysis
11.1.3North America Coating Additives Market Forecasts and Analysis - By Type
11.1.4North America Coating Additives Market Forecasts and Analysis - By Formulation
11.1.5North America Coating Additives Market Forecasts and Analysis - By Function
11.1.6North America Coating Additives Market Forecasts and Analysis - By Application
11.1.7North America Coating Additives Market Forecasts and Analysis - By Countries
11.1.7.1United States Coating Additives Market
11.1.7.1.1United States Coating Additives Market by Type
11.1.7.1.2United States Coating Additives Market by Formulation
11.1.7.1.3United States Coating Additives Market by Function
11.1.7.1.4United States Coating Additives Market by Application
11.1.7.2Canada Coating Additives Market
11.1.7.2.1Canada Coating Additives Market by Type
11.1.7.2.2Canada Coating Additives Market by Formulation
11.1.7.2.3Canada Coating Additives Market by Function
11.1.7.2.4Canada Coating Additives Market by Application
11.1.7.3Mexico Coating Additives Market
11.1.7.3.1Mexico Coating Additives Market by Type
11.1.7.3.2Mexico Coating Additives Market by Formulation
11.1.7.3.3Mexico Coating Additives Market by Function
11.1.7.3.4Mexico Coating Additives Market by Application
11.2.EUROPE
11.2.1Europe Coating Additives Market Overview
11.2.2Europe Coating Additives Market Forecasts and Analysis
11.2.3Europe Coating Additives Market Forecasts and Analysis - By Type
11.2.4Europe Coating Additives Market Forecasts and Analysis - By Formulation
11.2.5Europe Coating Additives Market Forecasts and Analysis - By Function
11.2.6Europe Coating Additives Market Forecasts and Analysis - By Application
11.2.7Europe Coating Additives Market Forecasts and Analysis - By Countries
11.2.7.1Germany Coating Additives Market
11.2.7.1.1Germany Coating Additives Market by Type
11.2.7.1.2Germany Coating Additives Market by Formulation
11.2.7.1.3Germany Coating Additives Market by Function
11.2.7.1.4Germany Coating Additives Market by Application
11.2.7.2France Coating Additives Market
11.2.7.2.1France Coating Additives Market by Type
11.2.7.2.2France Coating Additives Market by Formulation
11.2.7.2.3France Coating Additives Market by Function
11.2.7.2.4France Coating Additives Market by Application
11.2.7.3Italy Coating Additives Market
11.2.7.3.1Italy Coating Additives Market by Type
11.2.7.3.2Italy Coating Additives Market by Formulation
11.2.7.3.3Italy Coating Additives Market by Function
11.2.7.3.4Italy Coating Additives Market by Application
11.2.7.4United Kingdom Coating Additives Market
11.2.7.4.1United Kingdom Coating Additives Market by Type
11.2.7.4.2United Kingdom Coating Additives Market by Formulation
11.2.7.4.3United Kingdom Coating Additives Market by Function
11.2.7.4.4United Kingdom Coating Additives Market by Application
11.2.7.5Russia Coating Additives Market
11.2.7.5.1Russia Coating Additives Market by Type
11.2.7.5.2Russia Coating Additives Market by Formulation
11.2.7.5.3Russia Coating Additives Market by Function
11.2.7.5.4Russia Coating Additives Market by Application
11.2.7.6Rest of Europe Coating Additives Market
11.2.7.6.1Rest of Europe Coating Additives Market by Type
11.2.7.6.2Rest of Europe Coating Additives Market by Formulation
11.2.7.6.3Rest of Europe Coating Additives Market by Function
11.2.7.6.4Rest of Europe Coating Additives Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Coating Additives Market Overview
11.3.2Asia-Pacific Coating Additives Market Forecasts and Analysis
11.3.3Asia-Pacific Coating Additives Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Coating Additives Market Forecasts and Analysis - By Formulation
11.3.5Asia-Pacific Coating Additives Market Forecasts and Analysis - By Function
11.3.6Asia-Pacific Coating Additives Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Coating Additives Market Forecasts and Analysis - By Countries
11.3.7.1Australia Coating Additives Market
11.3.7.1.1Australia Coating Additives Market by Type
11.3.7.1.2Australia Coating Additives Market by Formulation
11.3.7.1.3Australia Coating Additives Market by Function
11.3.7.1.4Australia Coating Additives Market by Application
11.3.7.2China Coating Additives Market
11.3.7.2.1China Coating Additives Market by Type
11.3.7.2.2China Coating Additives Market by Formulation
11.3.7.2.3China Coating Additives Market by Function
11.3.7.2.4China Coating Additives Market by Application
11.3.7.3India Coating Additives Market
11.3.7.3.1India Coating Additives Market by Type
11.3.7.3.2India Coating Additives Market by Formulation
11.3.7.3.3India Coating Additives Market by Function
11.3.7.3.4India Coating Additives Market by Application
11.3.7.4Japan Coating Additives Market
11.3.7.4.1Japan Coating Additives Market by Type
11.3.7.4.2Japan Coating Additives Market by Formulation
11.3.7.4.3Japan Coating Additives Market by Function
11.3.7.4.4Japan Coating Additives Market by Application
11.3.7.5South Korea Coating Additives Market
11.3.7.5.1South Korea Coating Additives Market by Type
11.3.7.5.2South Korea Coating Additives Market by Formulation
11.3.7.5.3South Korea Coating Additives Market by Function
11.3.7.5.4South Korea Coating Additives Market by Application
11.3.7.6Rest of Asia-Pacific Coating Additives Market
11.3.7.6.1Rest of Asia-Pacific Coating Additives Market by Type
11.3.7.6.2Rest of Asia-Pacific Coating Additives Market by Formulation
11.3.7.6.3Rest of Asia-Pacific Coating Additives Market by Function
11.3.7.6.4Rest of Asia-Pacific Coating Additives Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Coating Additives Market Overview
11.4.2Middle East and Africa Coating Additives Market Forecasts and Analysis
11.4.3Middle East and Africa Coating Additives Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Coating Additives Market Forecasts and Analysis - By Formulation
11.4.5Middle East and Africa Coating Additives Market Forecasts and Analysis - By Function
11.4.6Middle East and Africa Coating Additives Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Coating Additives Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Coating Additives Market
11.4.7.1.1South Africa Coating Additives Market by Type
11.4.7.1.2South Africa Coating Additives Market by Formulation
11.4.7.1.3South Africa Coating Additives Market by Function
11.4.7.1.4South Africa Coating Additives Market by Application
11.4.7.2Saudi Arabia Coating Additives Market
11.4.7.2.1Saudi Arabia Coating Additives Market by Type
11.4.7.2.2Saudi Arabia Coating Additives Market by Formulation
11.4.7.2.3Saudi Arabia Coating Additives Market by Function
11.4.7.2.4Saudi Arabia Coating Additives Market by Application
11.4.7.3U.A.E Coating Additives Market
11.4.7.3.1U.A.E Coating Additives Market by Type
11.4.7.3.2U.A.E Coating Additives Market by Formulation
11.4.7.3.3U.A.E Coating Additives Market by Function
11.4.7.3.4U.A.E Coating Additives Market by Application
11.4.7.4Rest of Middle East and Africa Coating Additives Market
11.4.7.4.1Rest of Middle East and Africa Coating Additives Market by Type
11.4.7.4.2Rest of Middle East and Africa Coating Additives Market by Formulation
11.4.7.4.3Rest of Middle East and Africa Coating Additives Market by Function
11.4.7.4.4Rest of Middle East and Africa Coating Additives Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Coating Additives Market Overview
11.5.2South and Central America Coating Additives Market Forecasts and Analysis
11.5.3South and Central America Coating Additives Market Forecasts and Analysis - By Type
11.5.4South and Central America Coating Additives Market Forecasts and Analysis - By Formulation
11.5.5South and Central America Coating Additives Market Forecasts and Analysis - By Function
11.5.6South and Central America Coating Additives Market Forecasts and Analysis - By Application
11.5.7South and Central America Coating Additives Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Coating Additives Market
11.5.7.1.1Brazil Coating Additives Market by Type
11.5.7.1.2Brazil Coating Additives Market by Formulation
11.5.7.1.3Brazil Coating Additives Market by Function
11.5.7.1.4Brazil Coating Additives Market by Application
11.5.7.2Argentina Coating Additives Market
11.5.7.2.1Argentina Coating Additives Market by Type
11.5.7.2.2Argentina Coating Additives Market by Formulation
11.5.7.2.3Argentina Coating Additives Market by Function
11.5.7.2.4Argentina Coating Additives Market by Application
11.5.7.3Rest of South and Central America Coating Additives Market
11.5.7.3.1Rest of South and Central America Coating Additives Market by Type
11.5.7.3.2Rest of South and Central America Coating Additives Market by Formulation
11.5.7.3.3Rest of South and Central America Coating Additives Market by Function
11.5.7.3.4Rest of South and Central America Coating Additives Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.COATING ADDITIVES MARKET, KEY COMPANY PROFILES
13.1.AKZO NOBEL N.V.
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.ARKEMA GROUP
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.ASHLAND INC.
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.BASF SE
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.BYK-CHEMIE GMBH
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.EASTMAN CHEMICAL COMPANY
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.ELEMENTIS PLC
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.EVONIK INDUSTRIES AG
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.MOMENTIVE PERFORMANCE MATERIALS INC.
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.THE DOW CHEMICAL COMPANY
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1.Akzo Nobel N.V.
2.Arkema Group
3.Ashland Inc.
4.BASF SE
5.BYK-Chemie GmbH
6.Eastman Chemical Company
7.Elementis plc
8.Evonik Industries AG
9.Momentive Performance Materials Inc.
10.The Dow Chemical Company
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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