Contact Adhesives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Contact adhesives are used for bonding surfaces by applying pressure and heat. These adhesives are widely used in various applications, including woodworking, upholstery, automotive interiors, footwear, and packaging. Contact adhesives are known for their high strength and versatility, as they can bond to various materials. Several factors, including the increasing demand for high-performance adhesives in various end-use industries, the growing use of adhesives, and advancements in adhesive technology, drive the growth of the contact adhesives market.
MARKET DYNAMICS
Rapid and fast adhesion, the material's versatility during adhesion, high strength, and resistance to aging, heat, oils and chemicals are some of the characteristics which drive the contact adhesives market. Technological advancement, increasing demands from automobiles, and expanding commercial infrastructure are also responsible for driving the global contact adhesive market. However, an increase in the use of steel and metal in manufacturing furniture restrains the market's growth. Dynamic economic development, along with higher demand for the replacement of conventional joining techniques, is the factor that will lead to the growth of the adhesive contact market during the forecast period.
MARKET SCOPE
The "Global Contact Adhesives Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on global market trend analysis. The report aims to provide an overview of the contact adhesives market with detailed market segmentation by resin type, technology, end-use industry and geography. The global contact adhesives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contact adhesives players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global contact adhesives market is segmented based on resin type, technology, end-use industry and geography. Based on resin type, the market classifies into neoprene, polyurethane, acrylic, styrene-butadiene copolymer and others. The market based on technology is segmented into solvent-based, water-based and others. Based on the end-use industry, the market is segmented into woodworking, leather and footwear, automotive construction, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the contact adhesives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contact adhesives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the contact adhesives market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social and technological factors affecting the contact adhesives market in these regions.
Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Have a question?
Speak to Analyst
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the contact adhesives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contact adhesives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the contact adhesives market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social and technological factors affecting the contact adhesives market in these regions.
MARKET PLAYERS
The reports cover key developments in the contact adhesives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the contact adhesives market are anticipated to have lucrative growth opportunities in the future with the rising demand for contact adhesives in the global market. Below mentioned is the list of a few companies engaged in the contact adhesives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the contact adhesives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, the key development in the past five years.
- Bostik S.A.
- Dymax Corporation
- H.B. Fuller
- Henkel
- Huntsman International
- Jubilant Industries
- Parson Adhesives, Inc.
- Pidilite Industries
- Royal Adhesives & Sealants
- Sika AG
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
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 Contact Adhesives Market - By Resin type
1.3.2 Contact Adhesives Market - By Technology
1.3.3 Contact Adhesives Market - By End use industry
1.3.4 Contact Adhesives Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. CONTACT ADHESIVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CONTACT ADHESIVES 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. CONTACT ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTACT ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. CONTACT ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONTACT ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. NEOPRENE
7.3.1. Overview
7.3.2. Neoprene Market Forecast and Analysis
7.4. POLYURETHANE
7.4.1. Overview
7.4.2. Polyurethane Market Forecast and Analysis
7.5. ACRYLIC
7.5.1. Overview
7.5.2. Acrylic Market Forecast and Analysis
7.6. STYRENE BUTADIENE COPOLYMER (SBC)
7.6.1. Overview
7.6.2. Styrene Butadiene Copolymer (SBC) Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CONTACT ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SOLVENT BASED
8.3.1. Overview
8.3.2. Solvent based Market Forecast and Analysis
8.4. WATER BASED
8.4.1. Overview
8.4.2. Water based Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. CONTACT ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. WOODWORKING
9.3.1. Overview
9.3.2. Woodworking Market Forecast and Analysis
9.4. LEATHER AND FOOTWEAR
9.4.1. Overview
9.4.2. Leather and footwear Market Forecast and Analysis
9.5. AUTOMOTIVE CONSTRUCTION
9.5.1. Overview
9.5.2. Automotive construction Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. CONTACT ADHESIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Contact Adhesives Market Overview
10.1.2 North America Contact Adhesives Market Forecasts and Analysis
10.1.3 North America Contact Adhesives Market Forecasts and Analysis - By Resin type
10.1.4 North America Contact Adhesives Market Forecasts and Analysis - By Technology
10.1.5 North America Contact Adhesives Market Forecasts and Analysis - By End use industry
10.1.6 North America Contact Adhesives Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Contact Adhesives Market
10.1.6.1.1 Canada Contact Adhesives Market by Resin type
10.1.6.1.2 Canada Contact Adhesives Market by Technology
10.1.6.1.3 Canada Contact Adhesives Market by End use industry
10.1.6.2 Mexico Contact Adhesives Market
10.1.6.2.1 Mexico Contact Adhesives Market by Resin type
10.1.6.2.2 Mexico Contact Adhesives Market by Technology
10.1.6.2.3 Mexico Contact Adhesives Market by End use industry
10.1.6.3 US Contact Adhesives Market
10.1.6.3.1 US Contact Adhesives Market by Resin type
10.1.6.3.2 US Contact Adhesives Market by Technology
10.1.6.3.3 US Contact Adhesives Market by End use industry
10.2. EUROPE
10.2.1 Europe Contact Adhesives Market Overview
10.2.2 Europe Contact Adhesives Market Forecasts and Analysis
10.2.3 Europe Contact Adhesives Market Forecasts and Analysis - By Resin type
10.2.4 Europe Contact Adhesives Market Forecasts and Analysis - By Technology
10.2.5 Europe Contact Adhesives Market Forecasts and Analysis - By End use industry
10.2.6 Europe Contact Adhesives Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Contact Adhesives Market
10.2.6.1.1 Germany Contact Adhesives Market by Resin type
10.2.6.1.2 Germany Contact Adhesives Market by Technology
10.2.6.1.3 Germany Contact Adhesives Market by End use industry
10.2.6.2 France Contact Adhesives Market
10.2.6.2.1 France Contact Adhesives Market by Resin type
10.2.6.2.2 France Contact Adhesives Market by Technology
10.2.6.2.3 France Contact Adhesives Market by End use industry
10.2.6.3 Italy Contact Adhesives Market
10.2.6.3.1 Italy Contact Adhesives Market by Resin type
10.2.6.3.2 Italy Contact Adhesives Market by Technology
10.2.6.3.3 Italy Contact Adhesives Market by End use industry
10.2.6.4 United Kingdom Contact Adhesives Market
10.2.6.4.1 United Kingdom Contact Adhesives Market by Resin type
10.2.6.4.2 United Kingdom Contact Adhesives Market by Technology
10.2.6.4.3 United Kingdom Contact Adhesives Market by End use industry
10.2.6.5 Russia Contact Adhesives Market
10.2.6.5.1 Russia Contact Adhesives Market by Resin type
10.2.6.5.2 Russia Contact Adhesives Market by Technology
10.2.6.5.3 Russia Contact Adhesives Market by End use industry
10.2.6.6 Rest of Europe Contact Adhesives Market
10.2.6.6.1 Rest of Europe Contact Adhesives Market by Resin type
10.2.6.6.2 Rest of Europe Contact Adhesives Market by Technology
10.2.6.6.3 Rest of Europe Contact Adhesives Market by End use industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Contact Adhesives Market Overview
10.3.2 Asia-Pacific Contact Adhesives Market Forecasts and Analysis
10.3.3 Asia-Pacific Contact Adhesives Market Forecasts and Analysis - By Resin type
10.3.4 Asia-Pacific Contact Adhesives Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Contact Adhesives Market Forecasts and Analysis - By End use industry
10.3.6 Asia-Pacific Contact Adhesives Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Contact Adhesives Market
10.3.6.1.1 Australia Contact Adhesives Market by Resin type
10.3.6.1.2 Australia Contact Adhesives Market by Technology
10.3.6.1.3 Australia Contact Adhesives Market by End use industry
10.3.6.2 China Contact Adhesives Market
10.3.6.2.1 China Contact Adhesives Market by Resin type
10.3.6.2.2 China Contact Adhesives Market by Technology
10.3.6.2.3 China Contact Adhesives Market by End use industry
10.3.6.3 India Contact Adhesives Market
10.3.6.3.1 India Contact Adhesives Market by Resin type
10.3.6.3.2 India Contact Adhesives Market by Technology
10.3.6.3.3 India Contact Adhesives Market by End use industry
10.3.6.4 Japan Contact Adhesives Market
10.3.6.4.1 Japan Contact Adhesives Market by Resin type
10.3.6.4.2 Japan Contact Adhesives Market by Technology
10.3.6.4.3 Japan Contact Adhesives Market by End use industry
10.3.6.5 South Korea Contact Adhesives Market
10.3.6.5.1 South Korea Contact Adhesives Market by Resin type
10.3.6.5.2 South Korea Contact Adhesives Market by Technology
10.3.6.5.3 South Korea Contact Adhesives Market by End use industry
10.3.6.6 Rest of Asia-Pacific Contact Adhesives Market
10.3.6.6.1 Rest of Asia-Pacific Contact Adhesives Market by Resin type
10.3.6.6.2 Rest of Asia-Pacific Contact Adhesives Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Contact Adhesives Market by End use industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Contact Adhesives Market Overview
10.4.2 Middle East and Africa Contact Adhesives Market Forecasts and Analysis
10.4.3 Middle East and Africa Contact Adhesives Market Forecasts and Analysis - By Resin type
10.4.4 Middle East and Africa Contact Adhesives Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Contact Adhesives Market Forecasts and Analysis - By End use industry
10.4.6 Middle East and Africa Contact Adhesives Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Contact Adhesives Market
10.4.6.1.1 South Africa Contact Adhesives Market by Resin type
10.4.6.1.2 South Africa Contact Adhesives Market by Technology
10.4.6.1.3 South Africa Contact Adhesives Market by End use industry
10.4.6.2 Saudi Arabia Contact Adhesives Market
10.4.6.2.1 Saudi Arabia Contact Adhesives Market by Resin type
10.4.6.2.2 Saudi Arabia Contact Adhesives Market by Technology
10.4.6.2.3 Saudi Arabia Contact Adhesives Market by End use industry
10.4.6.3 U.A.E Contact Adhesives Market
10.4.6.3.1 U.A.E Contact Adhesives Market by Resin type
10.4.6.3.2 U.A.E Contact Adhesives Market by Technology
10.4.6.3.3 U.A.E Contact Adhesives Market by End use industry
10.4.6.4 Rest of Middle East and Africa Contact Adhesives Market
10.4.6.4.1 Rest of Middle East and Africa Contact Adhesives Market by Resin type
10.4.6.4.2 Rest of Middle East and Africa Contact Adhesives Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Contact Adhesives Market by End use industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Contact Adhesives Market Overview
10.5.2 South and Central America Contact Adhesives Market Forecasts and Analysis
10.5.3 South and Central America Contact Adhesives Market Forecasts and Analysis - By Resin type
10.5.4 South and Central America Contact Adhesives Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Contact Adhesives Market Forecasts and Analysis - By End use industry
10.5.6 South and Central America Contact Adhesives Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Contact Adhesives Market
10.5.6.1.1 Brazil Contact Adhesives Market by Resin type
10.5.6.1.2 Brazil Contact Adhesives Market by Technology
10.5.6.1.3 Brazil Contact Adhesives Market by End use industry
10.5.6.2 Argentina Contact Adhesives Market
10.5.6.2.1 Argentina Contact Adhesives Market by Resin type
10.5.6.2.2 Argentina Contact Adhesives Market by Technology
10.5.6.2.3 Argentina Contact Adhesives Market by End use industry
10.5.6.3 Rest of South and Central America Contact Adhesives Market
10.5.6.3.1 Rest of South and Central America Contact Adhesives Market by Resin type
10.5.6.3.2 Rest of South and Central America Contact Adhesives Market by Technology
10.5.6.3.3 Rest of South and Central America Contact Adhesives 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. CONTACT ADHESIVES MARKET, KEY COMPANY PROFILES
12.1. HENKEL (GERMANY)
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. BOSTIK (FRANCE)
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. H.B. FULLER (US)
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. SIKA (SWITZERLAND)
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. PIDILITE INDUSTRIES (INDIA)
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. ROYAL ADHESIVES AND SEALANTS (US)
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. HUNTSMAN INTERNATIONAL (US)
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. JUBILANT INDUSTRIES (INDIA)
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. DYMAX CORPORATION
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. PARSON ADHESIVES, INC.
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Bostik S.A.
- Dymax Corporation
- H.B. Fuller
- Henkel
- Huntsman International
- Jubilant Industries
- Parson Adhesives, Inc.
- Pidilite Industries
- Royal Adhesives & Sealants
- Sika AG
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.