The Corrosion Protection Rubber Linings and Coatings Market is expected to register a CAGR of 3.0% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The corrosion protection rubber linings and coatings market is segmented into type, end use, and geography. Based on type, the market is segmented into rubber linings and rubber coatings. Based on end use, the market is segmented into chemical processing, mining, power generation, water treatment, automotive, electronics, medical, and others. The report scope covers five 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 the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Corrosion Protection Rubber Linings and Coatings 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.
Corrosion Protection Rubber Linings and Coatings Market Segmentation
Type- Rubber Linings and Rubber Coatings
- Chemical Processing
- Mining
- Power Generation
- Water Treatment
- Automotive
- Electronics
- Medical
Strategic Insights
Corrosion Protection Rubber Linings and Coatings Market Growth Drivers- Industrialization Driving Corrosion Protection Demand: Of course, fast-rising industrialization, especially in emerging economies, is significantly influenced by increased demand for corrosion protection solutions. Oil and gas and chemical processing, mining, and other industries require strong protection of equipment and structures against corrosive environments. Big investments in substantial infrastructure, including pipeline installation, tanks, and storage facilities, raise the demand for effective rubber linings and coatings.
- Stringent Environmental Regulations: Now, environmental regulations are becoming more stringent in every corner of the world to minimize the impact of business activities and not harm the health of citizens. Most of these regulations insist that industries undertake better corrosion protection solutions and not tolerate leaks and spills from corrosive substances. Rubber linings and coatings become extremely crucial here for the task's durability with chemical resistance.
- Aging Infrastructures: Many developed countries face issues brought about by aging infrastructures. The pipelines, storage tanks, and other industrial installations that exist today are prone to corrosion and must be repaired at a high cost. As the requirement for ensuring a more extended life expectancy of such assets demands, corrosion protection solutions have gained importance, where one such sought-after lining and coating today is rubber linings and coatings for greater durability and reliability.
- Eco-Friendly Solution Shift: The trend for developing and utilizing green rubber linings and coatings is picking up nowadays. Manufacturers have rapidly evolved to manufacture non-toxic, biodegradable, and protected by global environmental standards. This shift has been driven by both regulatory pressures and consumer demand for sustainable solutions.
- Advances in Technology: The innovations and developments in material science and engineering are making the creation of high-performance advanced rubber linings and coatings with superior operational characteristics. New formulations provide improved adhesion, chemical resistance, and durability. Smart technologies will also be integrated in the form of coatings with sensors that monitor the condition of protective layers in real-time.
- More Safety and Maintenance Emphasis: Industries, especially the oil and gas industries, are paying more attention to safety and maintenance, which, if unchecked, may result in untold disastrous situations. The more that companies spend on preventive maintenance, the greater the demand for high-performance rubber linings and coatings, particularly those that ensure and provide for safety and minimize wasting time. The trend clearly depicts that proactive measures in managing corrosion are very relevant.
- Emerging Markets: Any expansion into emerging markets, in particular in India, Brazil, and Southeast Asia, has plenty of potential. Rapid industrialization and urban development create a huge necessity for effective corrosion protection solutions. The companies can benefit from this trend by offering customized rubber linings and coatings according to the specific needs of local industries and environments.
- Renewable Energy Sector Growth:The use of renewable sources of energy through wind and solar contributes to opportunities for rubber linings and coatings. They often require corrosion protection of equipment exposed outdoors to harsh environments. Thus, with increased investment in infrastructure for renewable sources, demand for reliable protective solutions is likely to grow.
- Automotive and Aerospace Industries Expansion: Linings and coatings for rubber in the automotive and aerospace industry are finding expansion into corrosion protection applications including fuel tanks and underbody coatings. New innovations in lighter materials and all-electric vehicles will make manufacturers offer advanced protection solutions that attract higher profit margins.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Corrosion Protection Rubber Linings and Coatings 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 Corrosion Protection Rubber Linings and Coatings 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
Technological advancements is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the corrosion protection rubber linings and coatings market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
AkzoNobel N.V., Jotun, Polycorp Ltd., The Sherwin-Williams Company, STEULER-KCH GmbH, SIOUXRUBBER, Fuller Industrial Corp., Trelleborg Group, OHJI RUBBER and CHEMICALS CO., LTD., and Showa-Rubber Co., Ltd. are some of the players operating in the market.
The major factors driving the corrosion protection rubber linings and coatings market are:
1. Rising Industrialization and Infrastructure Development:
2. Stringent Environmental Regulations
The Corrosion Protection Rubber Linings and Coatings Market is estimated to witness a CAGR of 3.0% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Corrosion Protection Rubber Linings And Coatings Market - By Form
1.3.2 Corrosion Protection Rubber Linings And Coatings Market - By Product Type
1.3.3 Corrosion Protection Rubber Linings And Coatings Market - By End-Use Industry
1.3.4 Corrosion Protection Rubber Linings And Coatings Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CORROSION PROTECTION RUBBER LININGS AND COATINGS 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. CORROSION PROTECTION RUBBER LININGS AND COATINGS 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. CORROSION PROTECTION RUBBER LININGS AND COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. CORROSION PROTECTION RUBBER LININGS AND COATINGS - GLOBAL MARKET OVERVIEW
6.2. CORROSION PROTECTION RUBBER LININGS AND COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CORROSION PROTECTION RUBBER LININGS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. WATER-BASED
7.3.1. Overview
7.3.2. Water-Based Market Forecast and Analysis
7.4. SOLVENT-BASED
7.4.1. Overview
7.4.2. Solvent-Based Market Forecast and Analysis
7.5. POWDER-BASED
7.5.1. Overview
7.5.2. Powder-Based Market Forecast and Analysis
8. CORROSION PROTECTION RUBBER LININGS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. HARD RUBBER LINING SYSTEMS
8.3.1. Overview
8.3.2. Hard Rubber Lining Systems Market Forecast and Analysis
8.4. SOFT RUBBER LINING SYSTEMS
8.4.1. Overview
8.4.2. Soft Rubber Lining Systems Market Forecast and Analysis
9. CORROSION PROTECTION RUBBER LININGS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. MARINE
9.3.1. Overview
9.3.2. Marine Market Forecast and Analysis
9.4. OIL AND GAS
9.4.1. Overview
9.4.2. Oil and Gas Market Forecast and Analysis
9.5. POWER GENERATION
9.5.1. Overview
9.5.2. Power Generation Market Forecast and Analysis
9.6. CONSTRUCTION
9.6.1. Overview
9.6.2. Construction Market Forecast and Analysis
9.7. AUTOMOTIVE AND TRANSPORTATION
9.7.1. Overview
9.7.2. Automotive and Transportation Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. CORROSION PROTECTION RUBBER LININGS AND COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Corrosion Protection Rubber Linings And Coatings Market Overview
10.1.2 North America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis
10.1.3 North America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Form
10.1.4 North America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Product Type
10.1.5 North America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Countries
10.1.6.1 United States Corrosion Protection Rubber Linings And Coatings Market
10.1.6.1.1 United States Corrosion Protection Rubber Linings And Coatings Market by Form
10.1.6.1.2 United States Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.1.6.1.3 United States Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.1.6.2 Canada Corrosion Protection Rubber Linings And Coatings Market
10.1.6.2.1 Canada Corrosion Protection Rubber Linings And Coatings Market by Form
10.1.6.2.2 Canada Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.1.6.2.3 Canada Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.1.6.3 Mexico Corrosion Protection Rubber Linings And Coatings Market
10.1.6.3.1 Mexico Corrosion Protection Rubber Linings And Coatings Market by Form
10.1.6.3.2 Mexico Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.1.6.3.3 Mexico Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Corrosion Protection Rubber Linings And Coatings Market Overview
10.2.2 Europe Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis
10.2.3 Europe Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Form
10.2.4 Europe Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Product Type
10.2.5 Europe Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Corrosion Protection Rubber Linings And Coatings Market
10.2.6.1.1 Germany Corrosion Protection Rubber Linings And Coatings Market by Form
10.2.6.1.2 Germany Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.2.6.1.3 Germany Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.2.6.2 France Corrosion Protection Rubber Linings And Coatings Market
10.2.6.2.1 France Corrosion Protection Rubber Linings And Coatings Market by Form
10.2.6.2.2 France Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.2.6.2.3 France Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.2.6.3 Italy Corrosion Protection Rubber Linings And Coatings Market
10.2.6.3.1 Italy Corrosion Protection Rubber Linings And Coatings Market by Form
10.2.6.3.2 Italy Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.2.6.3.3 Italy Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.2.6.4 United Kingdom Corrosion Protection Rubber Linings And Coatings Market
10.2.6.4.1 United Kingdom Corrosion Protection Rubber Linings And Coatings Market by Form
10.2.6.4.2 United Kingdom Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.2.6.4.3 United Kingdom Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.2.6.5 Russia Corrosion Protection Rubber Linings And Coatings Market
10.2.6.5.1 Russia Corrosion Protection Rubber Linings And Coatings Market by Form
10.2.6.5.2 Russia Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.2.6.5.3 Russia Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.2.6.6 Rest of Europe Corrosion Protection Rubber Linings And Coatings Market
10.2.6.6.1 Rest of Europe Corrosion Protection Rubber Linings And Coatings Market by Form
10.2.6.6.2 Rest of Europe Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.2.6.6.3 Rest of Europe Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market Overview
10.3.2 Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis
10.3.3 Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Corrosion Protection Rubber Linings And Coatings Market
10.3.6.1.1 Australia Corrosion Protection Rubber Linings And Coatings Market by Form
10.3.6.1.2 Australia Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.3.6.1.3 Australia Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.3.6.2 China Corrosion Protection Rubber Linings And Coatings Market
10.3.6.2.1 China Corrosion Protection Rubber Linings And Coatings Market by Form
10.3.6.2.2 China Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.3.6.2.3 China Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.3.6.3 India Corrosion Protection Rubber Linings And Coatings Market
10.3.6.3.1 India Corrosion Protection Rubber Linings And Coatings Market by Form
10.3.6.3.2 India Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.3.6.3.3 India Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.3.6.4 Japan Corrosion Protection Rubber Linings And Coatings Market
10.3.6.4.1 Japan Corrosion Protection Rubber Linings And Coatings Market by Form
10.3.6.4.2 Japan Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.3.6.4.3 Japan Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.3.6.5 South Korea Corrosion Protection Rubber Linings And Coatings Market
10.3.6.5.1 South Korea Corrosion Protection Rubber Linings And Coatings Market by Form
10.3.6.5.2 South Korea Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.3.6.5.3 South Korea Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market
10.3.6.6.1 Rest of Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market by Form
10.3.6.6.2 Rest of Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market Overview
10.4.2 Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis
10.4.3 Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Corrosion Protection Rubber Linings And Coatings Market
10.4.6.1.1 South Africa Corrosion Protection Rubber Linings And Coatings Market by Form
10.4.6.1.2 South Africa Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.4.6.1.3 South Africa Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.4.6.2 Saudi Arabia Corrosion Protection Rubber Linings And Coatings Market
10.4.6.2.1 Saudi Arabia Corrosion Protection Rubber Linings And Coatings Market by Form
10.4.6.2.2 Saudi Arabia Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.4.6.2.3 Saudi Arabia Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.4.6.3 U.A.E Corrosion Protection Rubber Linings And Coatings Market
10.4.6.3.1 U.A.E Corrosion Protection Rubber Linings And Coatings Market by Form
10.4.6.3.2 U.A.E Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.4.6.3.3 U.A.E Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market
10.4.6.4.1 Rest of Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market by Form
10.4.6.4.2 Rest of Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Corrosion Protection Rubber Linings And Coatings Market Overview
10.5.2 South and Central America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis
10.5.3 South and Central America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Form
10.5.4 South and Central America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Corrosion Protection Rubber Linings And Coatings Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Corrosion Protection Rubber Linings And Coatings Market
10.5.6.1.1 Brazil Corrosion Protection Rubber Linings And Coatings Market by Form
10.5.6.1.2 Brazil Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.5.6.1.3 Brazil Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.5.6.2 Argentina Corrosion Protection Rubber Linings And Coatings Market
10.5.6.2.1 Argentina Corrosion Protection Rubber Linings And Coatings Market by Form
10.5.6.2.2 Argentina Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.5.6.2.3 Argentina Corrosion Protection Rubber Linings And Coatings Market by End-Use Industry
10.5.6.3 Rest of South and Central America Corrosion Protection Rubber Linings And Coatings Market
10.5.6.3.1 Rest of South and Central America Corrosion Protection Rubber Linings And Coatings Market by Form
10.5.6.3.2 Rest of South and Central America Corrosion Protection Rubber Linings And Coatings Market by Product Type
10.5.6.3.3 Rest of South and Central America Corrosion Protection Rubber Linings And Coatings 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. CORROSION PROTECTION RUBBER LININGS AND COATINGS MARKET, KEY COMPANY PROFILES
12.1. AKZO NOBEL NV.
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. ASHLAND INC.
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. AXALTA COATING SYSTEMS LTD.
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. BASF COATINGS GMBH
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. JOTUN A/S
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. KOCH KNIGHT LLC
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. POLYCORP LTD.
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. PPG INDUSTRIES, INC.
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. STEULER-KCH GMBH
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. THE SHERWIN-WILLIAMS COMPANY
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
1. Akzo Nobel NV.
2. Ashland Inc.
3. Axalta Coating Systems Ltd.
4. BASF Coatings GmbH
5. Jotun A/S
6. Koch Knight LLC
7. Polycorp Ltd.
8. PPG Industries, Inc.
9. Steuler-KCH GmbH
10. The Sherwin-Williams 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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