Floor Adhesive Market Scope 2031
The Floor Adhesive Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents analysis based on resin type (epoxy adhesive, polyurethane adhesive, acrylic adhesive, vinyl adhesive, and others). The report is segmented by technology (water-based adhesive, solvent-based adhesive, and hot-melt adhesive). The report is segmented by application (tile and stone, wood, carpet, laminate, and others). The report is segmented by end-use (residential floor adhesive, commercial floor adhesive, and industrial floor adhesive). 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 ReportThe report Floor Adhesive 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.
Floor Adhesive Market Segmentation
Resin Type- Epoxy Adhesive
- Polyurethane Adhesive
- Acrylic Adhesive
- Vinyl Adhesive
- Water-Based Adhesive
- Solvent-Based Adhesive
- Hot-Melt Adhesive
Strategic Insights
Floor Adhesive Market Growth Drivers- Growth in the Construction Sector: The growth in the construction sector is the prime driving factor of the floor adhesive market. As urbanization paces itself and work in the infrastructure sector increases, high-quality flooring solutions are in high demand. Floor adhesives are a necessary component for bonding various types of flooring materials such as tiles, carpets, vinyl, and others widely used in both residential and commercial spaces.
- Impact of Renovation and Refurbishment: In addition to that, renovation and refurbishment of the already existing infrastructure drive demand for floor adhesives even more. This is because homeowners and businesses further investment in upgrading the interiors, which usually entails installing new flooring. Increased demand for flexible and long-lasting adhesives that ensure durable bonds further propels market growth.
- Advancements in Adhesive Technology: Adhesive technologies are generally advancing rapidly, therefore increasing performance characteristics in terms of water resistance and quick-drying capabilities. Such innovations appeal to construction professionals requiring reliable products that could speed up the installation processes. New building codes and standards are arising that would require compliant, high-performance adhesives.
- Emerging Trends in the Floor Adhesive Market: Water- and solvent-free adhesives are emerging trends in the floor adhesive market. Increasing environmental concerns, such as the minimization of volatile organic compounds (VOCs) and other harmful emissions, drive manufacturers and consumers toward acquiring more eco-friendly adhesives in flooring applications.
- The Benefits of Water-Based Adhesives: Water-based adhesives bring some marked benefits. These are odorless or fragrant, easy to clean up, and involve less environmental damage. Such benefits for indoor applications make it very useful since air quality is a problem inside buildings. As alertness towards health and safety issues increases, the use of water-based adhesives in residential and commercial construction will likely increase.
- Innovate Solvent-Free Products: Competition to go greener- with regulation and by initiative-is compelling manufacturers to produce innovative, solvent-free products. These adhesives have all the high performance of their solvent-based counterparts with reduced adverse impact on the environment. As the industry moves toward a more environmentally friendly standard, businesses begin looking inward to develop environmentally friendly formulations that meet regulatory needs and consumer demand.
- Incrasing Trend of DIY: The growing demand for Do-It-Yourself flooring installation products leads to huge growth prospects in the market for floor adhesives. Growing renovation activities among homeowners have prompted many to seek consumer-friendly flooring solutions that are easily installable. This encourages the development of floor adhesives specifically for Do-It-Yourself applications, thus upping the market potential.
- Rise in Handy and Easy-to-Use Adhesives: Currently, the interest of DIY enthusiasts is in multitasking with handy and easy-to-use adhesives that ensure significant strength at the bonding point. Those floor adhesives accompanied by clear instructions and packaged conveniently attract customers falling into this category thus highly sought after by consumers themselves. As the culture of being a do-it-yourself continues to thrive, the demand for specialized products shall continue advancing.
- Increasing Role of Online Shopping: Besides, online shopping avenues also make DIY materials for flooring available. Consumers can easily compare products and find suitable floor adhesives to accomplish their requirements. This increased accessibility contributes to market expansion as more individuals start home improvement activities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Floor Adhesive 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 Floor Adhesive Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Floor Adhesive Market is estimated to witness a CAGR of 6% from 2023 to 2031
The growing construction industry is driving the market growth.
Bostik India Pvt. Ltd.; Dupont De Nemours Inc.; Forbo Holding AG; H.B Fuller Company; Henkel AG and Co. Kgaa; Laticrete International Inc.; Mapei S.P.A; Pidilite Industries Limited; Sika AG; and Wacker Chemie AG are some of the key players operating in the floor adhesive market
Based on resin type, the polyurethane adhesive segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the floor adhesive market due to the region's rapid urbanization and population growth have led to an increased demand for residential and commercial construction.
The shift towards water-based and solvent-free adhesives is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Floor Adhesive Market - By Resin Type
1.3.2 Floor Adhesive Market - By Technology
1.3.3 Floor Adhesive Market - By Application
1.3.4 Floor Adhesive Market - By End-use
1.3.5 Floor Adhesive Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLOOR ADHESIVE 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. FLOOR ADHESIVE 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. FLOOR ADHESIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. FLOOR ADHESIVE - GLOBAL MARKET OVERVIEW
6.2. FLOOR ADHESIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLOOR ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY ADHESIVE
7.3.1. Overview
7.3.2. Epoxy Adhesive Market Forecast and Analysis
7.4. POLYURETHANE ADHESIVE
7.4.1. Overview
7.4.2. Polyurethane Adhesive Market Forecast and Analysis
7.5. ACRYLIC ADHESIVE
7.5.1. Overview
7.5.2. Acrylic Adhesive Market Forecast and Analysis
7.6. VINYL ADHESIVE
7.6.1. Overview
7.6.2. Vinyl Adhesive Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. FLOOR ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. WATER-BASED ADHESIVE
8.3.1. Overview
8.3.2. Water-Based Adhesive Market Forecast and Analysis
8.4. SOLVENT-BASED ADHESIVE
8.4.1. Overview
8.4.2. Solvent-Based Adhesive Market Forecast and Analysis
8.5. HOT-MELT ADHESIVE
8.5.1. Overview
8.5.2. Hot-Melt Adhesive Market Forecast and Analysis
9. FLOOR ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. TILE AND STONE
9.3.1. Overview
9.3.2. Tile and Stone Market Forecast and Analysis
9.4. WOOD
9.4.1. Overview
9.4.2. Wood Market Forecast and Analysis
9.5. CARPET
9.5.1. Overview
9.5.2. Carpet Market Forecast and Analysis
9.6. LAMINATE
9.6.1. Overview
9.6.2. Laminate Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. FLOOR ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
10.1. OVERVIEW
10.2. END-USE MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL FLOOR ADHESIVE
10.3.1. Overview
10.3.2. Residential Floor Adhesive Market Forecast and Analysis
10.4. COMMERCIAL FLOOR ADHESIVE
10.4.1. Overview
10.4.2. Commercial Floor Adhesive Market Forecast and Analysis
10.5. INDUSTRIAL FLOOR ADHESIVE
10.5.1. Overview
10.5.2. Industrial Floor Adhesive Market Forecast and Analysis
11. FLOOR ADHESIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Floor Adhesive Market Overview
11.1.2 North America Floor Adhesive Market Forecasts and Analysis
11.1.3 North America Floor Adhesive Market Forecasts and Analysis - By Resin Type
11.1.4 North America Floor Adhesive Market Forecasts and Analysis - By Technology
11.1.5 North America Floor Adhesive Market Forecasts and Analysis - By Application
11.1.6 North America Floor Adhesive Market Forecasts and Analysis - By End-use
11.1.7 North America Floor Adhesive Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Floor Adhesive Market
11.1.7.1.1 Canada Floor Adhesive Market by Resin Type
11.1.7.1.2 Canada Floor Adhesive Market by Technology
11.1.7.1.3 Canada Floor Adhesive Market by Application
11.1.7.1.4 Canada Floor Adhesive Market by End-use
11.1.7.2 Mexico Floor Adhesive Market
11.1.7.2.1 Mexico Floor Adhesive Market by Resin Type
11.1.7.2.2 Mexico Floor Adhesive Market by Technology
11.1.7.2.3 Mexico Floor Adhesive Market by Application
11.1.7.2.4 Mexico Floor Adhesive Market by End-use
11.1.7.3 US Floor Adhesive Market
11.1.7.3.1 US Floor Adhesive Market by Resin Type
11.1.7.3.2 US Floor Adhesive Market by Technology
11.1.7.3.3 US Floor Adhesive Market by Application
11.1.7.3.4 US Floor Adhesive Market by End-use
11.2. EUROPE
11.2.1 Europe Floor Adhesive Market Overview
11.2.2 Europe Floor Adhesive Market Forecasts and Analysis
11.2.3 Europe Floor Adhesive Market Forecasts and Analysis - By Resin Type
11.2.4 Europe Floor Adhesive Market Forecasts and Analysis - By Technology
11.2.5 Europe Floor Adhesive Market Forecasts and Analysis - By Application
11.2.6 Europe Floor Adhesive Market Forecasts and Analysis - By End-use
11.2.7 Europe Floor Adhesive Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Floor Adhesive Market
11.2.7.1.1 Germany Floor Adhesive Market by Resin Type
11.2.7.1.2 Germany Floor Adhesive Market by Technology
11.2.7.1.3 Germany Floor Adhesive Market by Application
11.2.7.1.4 Germany Floor Adhesive Market by End-use
11.2.7.2 France Floor Adhesive Market
11.2.7.2.1 France Floor Adhesive Market by Resin Type
11.2.7.2.2 France Floor Adhesive Market by Technology
11.2.7.2.3 France Floor Adhesive Market by Application
11.2.7.2.4 France Floor Adhesive Market by End-use
11.2.7.3 Italy Floor Adhesive Market
11.2.7.3.1 Italy Floor Adhesive Market by Resin Type
11.2.7.3.2 Italy Floor Adhesive Market by Technology
11.2.7.3.3 Italy Floor Adhesive Market by Application
11.2.7.3.4 Italy Floor Adhesive Market by End-use
11.2.7.4 United Kingdom Floor Adhesive Market
11.2.7.4.1 United Kingdom Floor Adhesive Market by Resin Type
11.2.7.4.2 United Kingdom Floor Adhesive Market by Technology
11.2.7.4.3 United Kingdom Floor Adhesive Market by Application
11.2.7.4.4 United Kingdom Floor Adhesive Market by End-use
11.2.7.5 Russia Floor Adhesive Market
11.2.7.5.1 Russia Floor Adhesive Market by Resin Type
11.2.7.5.2 Russia Floor Adhesive Market by Technology
11.2.7.5.3 Russia Floor Adhesive Market by Application
11.2.7.5.4 Russia Floor Adhesive Market by End-use
11.2.7.6 Rest of Europe Floor Adhesive Market
11.2.7.6.1 Rest of Europe Floor Adhesive Market by Resin Type
11.2.7.6.2 Rest of Europe Floor Adhesive Market by Technology
11.2.7.6.3 Rest of Europe Floor Adhesive Market by Application
11.2.7.6.4 Rest of Europe Floor Adhesive Market by End-use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Floor Adhesive Market Overview
11.3.2 Asia-Pacific Floor Adhesive Market Forecasts and Analysis
11.3.3 Asia-Pacific Floor Adhesive Market Forecasts and Analysis - By Resin Type
11.3.4 Asia-Pacific Floor Adhesive Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific Floor Adhesive Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Floor Adhesive Market Forecasts and Analysis - By End-use
11.3.7 Asia-Pacific Floor Adhesive Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Floor Adhesive Market
11.3.7.1.1 Australia Floor Adhesive Market by Resin Type
11.3.7.1.2 Australia Floor Adhesive Market by Technology
11.3.7.1.3 Australia Floor Adhesive Market by Application
11.3.7.1.4 Australia Floor Adhesive Market by End-use
11.3.7.2 China Floor Adhesive Market
11.3.7.2.1 China Floor Adhesive Market by Resin Type
11.3.7.2.2 China Floor Adhesive Market by Technology
11.3.7.2.3 China Floor Adhesive Market by Application
11.3.7.2.4 China Floor Adhesive Market by End-use
11.3.7.3 India Floor Adhesive Market
11.3.7.3.1 India Floor Adhesive Market by Resin Type
11.3.7.3.2 India Floor Adhesive Market by Technology
11.3.7.3.3 India Floor Adhesive Market by Application
11.3.7.3.4 India Floor Adhesive Market by End-use
11.3.7.4 Japan Floor Adhesive Market
11.3.7.4.1 Japan Floor Adhesive Market by Resin Type
11.3.7.4.2 Japan Floor Adhesive Market by Technology
11.3.7.4.3 Japan Floor Adhesive Market by Application
11.3.7.4.4 Japan Floor Adhesive Market by End-use
11.3.7.5 South Korea Floor Adhesive Market
11.3.7.5.1 South Korea Floor Adhesive Market by Resin Type
11.3.7.5.2 South Korea Floor Adhesive Market by Technology
11.3.7.5.3 South Korea Floor Adhesive Market by Application
11.3.7.5.4 South Korea Floor Adhesive Market by End-use
11.3.7.6 Rest of Asia-Pacific Floor Adhesive Market
11.3.7.6.1 Rest of Asia-Pacific Floor Adhesive Market by Resin Type
11.3.7.6.2 Rest of Asia-Pacific Floor Adhesive Market by Technology
11.3.7.6.3 Rest of Asia-Pacific Floor Adhesive Market by Application
11.3.7.6.4 Rest of Asia-Pacific Floor Adhesive Market by End-use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Floor Adhesive Market Overview
11.4.2 Middle East and Africa Floor Adhesive Market Forecasts and Analysis
11.4.3 Middle East and Africa Floor Adhesive Market Forecasts and Analysis - By Resin Type
11.4.4 Middle East and Africa Floor Adhesive Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa Floor Adhesive Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Floor Adhesive Market Forecasts and Analysis - By End-use
11.4.7 Middle East and Africa Floor Adhesive Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Floor Adhesive Market
11.4.7.1.1 South Africa Floor Adhesive Market by Resin Type
11.4.7.1.2 South Africa Floor Adhesive Market by Technology
11.4.7.1.3 South Africa Floor Adhesive Market by Application
11.4.7.1.4 South Africa Floor Adhesive Market by End-use
11.4.7.2 Saudi Arabia Floor Adhesive Market
11.4.7.2.1 Saudi Arabia Floor Adhesive Market by Resin Type
11.4.7.2.2 Saudi Arabia Floor Adhesive Market by Technology
11.4.7.2.3 Saudi Arabia Floor Adhesive Market by Application
11.4.7.2.4 Saudi Arabia Floor Adhesive Market by End-use
11.4.7.3 U.A.E Floor Adhesive Market
11.4.7.3.1 U.A.E Floor Adhesive Market by Resin Type
11.4.7.3.2 U.A.E Floor Adhesive Market by Technology
11.4.7.3.3 U.A.E Floor Adhesive Market by Application
11.4.7.3.4 U.A.E Floor Adhesive Market by End-use
11.4.7.4 Rest of Middle East and Africa Floor Adhesive Market
11.4.7.4.1 Rest of Middle East and Africa Floor Adhesive Market by Resin Type
11.4.7.4.2 Rest of Middle East and Africa Floor Adhesive Market by Technology
11.4.7.4.3 Rest of Middle East and Africa Floor Adhesive Market by Application
11.4.7.4.4 Rest of Middle East and Africa Floor Adhesive Market by End-use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Floor Adhesive Market Overview
11.5.2 South and Central America Floor Adhesive Market Forecasts and Analysis
11.5.3 South and Central America Floor Adhesive Market Forecasts and Analysis - By Resin Type
11.5.4 South and Central America Floor Adhesive Market Forecasts and Analysis - By Technology
11.5.5 South and Central America Floor Adhesive Market Forecasts and Analysis - By Application
11.5.6 South and Central America Floor Adhesive Market Forecasts and Analysis - By End-use
11.5.7 South and Central America Floor Adhesive Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Floor Adhesive Market
11.5.7.1.1 Brazil Floor Adhesive Market by Resin Type
11.5.7.1.2 Brazil Floor Adhesive Market by Technology
11.5.7.1.3 Brazil Floor Adhesive Market by Application
11.5.7.1.4 Brazil Floor Adhesive Market by End-use
11.5.7.2 Argentina Floor Adhesive Market
11.5.7.2.1 Argentina Floor Adhesive Market by Resin Type
11.5.7.2.2 Argentina Floor Adhesive Market by Technology
11.5.7.2.3 Argentina Floor Adhesive Market by Application
11.5.7.2.4 Argentina Floor Adhesive Market by End-use
11.5.7.3 Rest of South and Central America Floor Adhesive Market
11.5.7.3.1 Rest of South and Central America Floor Adhesive Market by Resin Type
11.5.7.3.2 Rest of South and Central America Floor Adhesive Market by Technology
11.5.7.3.3 Rest of South and Central America Floor Adhesive Market by Application
11.5.7.3.4 Rest of South and Central America Floor Adhesive Market by End-use
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. FLOOR ADHESIVE MARKET, KEY COMPANY PROFILES
13.1. BOSTIK INDIA PVT. LTD.
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. DUPONT DE NEMOURS INC.
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. FORBO HOLDING AG
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. H.B FULLER COMPANY
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. HENKEL AG AND CO. KGAA
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. LATICRETE INTERNATIONAL INC.
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. MAPEI S.P.A
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. PIDILITE INDUSTRIES LIMITED
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. SIKA AG
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. WACKER CHEMIE AG
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.Bostik India Pvt. Ltd.
2.Dupont De Nemours Inc.
3.Forbo Holding AG
4.H.B Fuller Company
5.Henkel AG and Co. Kgaa
6.Laticrete International Inc.
7.Mapei S.P.A
8.Pidilite Industries Limited
9.Sika AG
10.Wacker Chemie 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.
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