The Glass Coatings Market is expected to register a CAGR of 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 (Low-E coatings, Solar control coatings, Self-cleaning coatings). The global analysis is further broken-down at regional level and major countries. The report further presents analysis based on Technology (Spray pyrolysis, Powder spray, Chemical vapor deposition (CVD), Physical vapor deposition (PVD), Sputter coating, Sol-gel coating, Thermal evaporation coating). 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 Glass 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.
Glass Coatings Market Segmentation
Type- Low-E coatings
- Solar control coatings
- Self-cleaning coatings
- Spray pyrolysis
- Powder spray
- Chemical vapor deposition
- Physical vapor deposition
- Sputter coating
- Sol-gel coating
- Thermal evaporation coating
- Automotive
- Aviation
- Building and construction
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Glass Coatings Market Growth Drivers- Growth of the Glass Coatings Market: The boom of glass coatings market is propelled by the ever-increasing demand for protective coatings in industries such as automotive, construction, and consumer electronics. These coatings have additional benefits like scratch protection, UV protection, and anti-reflective traits which are important in enhancing the durability and usability of glass products.
- Environmental Considerations and Energy-Efficient Coatings: With the rapid increase in ecological issues, there is also an upward movement towards the use of energy saving coatings which are environmentally friendly. Energy saving coatings that glass propray reduce the amount of energy needed in operation and enhance energy saving.
- Aesthetic and Functional Demand in Building and Automotive Sectors: The increasing capacity for demand of good quality high-end aesthetic functional Engage glass in both building and automotive market is a motivator. Decorative component use is dominant within glass coatings, as they allow for color, texture and design customization. Moreover, they assist in enhancing the thermal insulation performance of the buildings as well as the vehicles resulting in greater market pull of coated glass.
- Growth of the Glass Coatings Market: The glass coatings market is projected to register a significant growth owing to rising adoption of glass in solar panels and in green building materials. In addition, coatings for thermal insulation, such as low emissivity (Low-E) coatings, will continue to be in great demand as countries are becoming more mindful of effective energy management in buildings.
- Demand for Self-Cleaning and Antimicrobial Glass Coatings: Self-cleaning, anti-microbial and water repellent glass coatings will be in great demand in the future. Coatings that are used on windows, glass fronts or even on some electronic gadgets are easily gaining popularity owing to their usefulness and cleanliness most especially in the health sector and places with heavy human traffic.
- Nano-Coatings and Technological Advancements: The glass coatings market will also witness an upsurge in demand owing to the development of nano-coating technologies which is expected to be adopted in the coming years. Nano coatings are better scratch resistant, they protect against ultraviolet rays, and they come with anti-reflective features which do better in the automotive, building and consumer electronics markets. In addition, such coatings protect the glassware and also enhance their beauty.
- Growth of High-Performance Coatings for Solar Panels: With the increasing global focus on solar energy, the supply of high performance coatings for solar panels is also on the rise. The Developing Progress of these coatings Having Advanced parameters, as transparency, efficiency and energy saving, is substantial for solar energy turning systems. This segment of the market has significant developmental prospects as more and more countries are implementing green energy projects and creating solar energy systems.
- Advancements in Glass Coatings for Automotive and Aerospace Industries: Advances glass coatings are also becoming very popular in the automotive and the aerospace industries for both their functional and decorative purposes. Also, there is a growing demand for coatings that can easily provide UV protective, anti-glare, anti-scratch, and water resistant surfaces. It is also very useful in cases where strength and clarity is of utmost importance such as on the windows and windshields of vehicles and aircraft as well as on the hoods of helmet visors.
- Rising Demand for Advanced Glass Coatings in Architecture: With the changes in building designs and due to the growing importance of energy efficient and sustainable designs, a corresponding increase in the architecture advanced glass coatings market is also anticipated. There is a growing trend towards the use of coatings for windows, aspects, and other building materials which control solar heat gain, increase insulation, and improve durability creating a niche in the green building boom.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Glass 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 Glass 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
This text is related
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
Expansion in solar and green building solutions is expected to be the key market trends
Based on type, the solar control coatings segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the glass coatings market due to the well-established automotive and construction industry across the region, coupled with continuous growth and development
Growing demand for durable and high-performance coatings is driving the market growth
PPG Industries, Inc.
; Guardian Glass
; Axalta Coating Systems
; BASF SE
; Sika AG
; Nippon Paint Co., Ltd.
; Sherwin-Williams Company
; 3M Company
; Ferro Corporation
; Jotun Group
; Huntsman Corporation
; Kraton Polymers
; Rohm and Haas Company
; AkzoNobel N.V.
; Daikin Industries, Ltd.
The Glass Coatings Market is estimated to witness a CAGR of 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
1.3.1Glass Coatings Market - By Type
1.3.2Glass Coatings Market - By Technology
1.3.3Glass Coatings Market - By End User
1.3.4Glass Coatings Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.GLASS COATINGS 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.GLASS 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.GLASS COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1.GLASS COATINGS - GLOBAL MARKET OVERVIEW
6.2.GLASS COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.GLASS COATINGS MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.LOW-E COATINGS
7.3.1.Overview
7.3.2.Low-E coatings Market Forecast and Analysis
7.4.SOLAR CONTROL COATINGS
7.4.1.Overview
7.4.2.Solar control coatings Market Forecast and Analysis
7.5.SELF-CLEANING COATINGS
7.5.1.Overview
7.5.2.Self-cleaning coatings Market Forecast and Analysis
8.GLASS COATINGS MARKET - REVENUE AND FORECASTS TO 2028 " TECHNOLOGY
8.1.OVERVIEW
8.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.SPRAY PYROLYSIS
8.3.1.Overview
8.3.2.Spray pyrolysis Market Forecast and Analysis
8.4.POWDER SPRAY
8.4.1.Overview
8.4.2.Powder spray Market Forecast and Analysis
8.5.CHEMICAL VAPOR DEPOSITION (CVD)
8.5.1.Overview
8.5.2.Chemical vapor deposition (CVD) Market Forecast and Analysis
8.6.PHYSICAL VAPOR DEPOSITION (PVD)
8.6.1.Overview
8.6.2.Physical vapor deposition (PVD) Market Forecast and Analysis
8.7.SPUTTER COATING
8.7.1.Overview
8.7.2.Sputter coating Market Forecast and Analysis
8.8.SOL-GEL COATING
8.8.1.Overview
8.8.2.sol-gel coating Market Forecast and Analysis
8.9.THERMAL EVAPORATION COATING
8.9.1.Overview
8.9.2.Thermal evaporation coating Market Forecast and Analysis
9.GLASS COATINGS MARKET - REVENUE AND FORECASTS TO 2028 " END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.AUTOMOTIVE
9.3.1.Overview
9.3.2.Automotive Market Forecast and Analysis
9.4.AVIATION
9.4.1.Overview
9.4.2.Aviation Market Forecast and Analysis
9.5.BUILDING AND CONSTRUCTION
9.5.1.Overview
9.5.2.Building and construction Market Forecast and Analysis
10.GLASS COATINGS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Glass Coatings Market Overview
10.1.2North America Glass Coatings Market Forecasts and Analysis
10.1.3North America Glass Coatings Market Forecasts and Analysis - By Type
10.1.4North America Glass Coatings Market Forecasts and Analysis - By Technology
10.1.5North America Glass Coatings Market Forecasts and Analysis - By End User
10.1.6North America Glass Coatings Market Forecasts and Analysis - By Countries
10.1.6.1United States Glass Coatings Market
10.1.6.1.1United States Glass Coatings Market by Type
10.1.6.1.2United States Glass Coatings Market by Technology
10.1.6.1.3United States Glass Coatings Market by End User
10.1.6.2Canada Glass Coatings Market
10.1.6.2.1Canada Glass Coatings Market by Type
10.1.6.2.2Canada Glass Coatings Market by Technology
10.1.6.2.3Canada Glass Coatings Market by End User
10.1.6.3Mexico Glass Coatings Market
10.1.6.3.1Mexico Glass Coatings Market by Type
10.1.6.3.2Mexico Glass Coatings Market by Technology
10.1.6.3.3Mexico Glass Coatings Market by End User
10.2.EUROPE
10.2.1Europe Glass Coatings Market Overview
10.2.2Europe Glass Coatings Market Forecasts and Analysis
10.2.3Europe Glass Coatings Market Forecasts and Analysis - By Type
10.2.4Europe Glass Coatings Market Forecasts and Analysis - By Technology
10.2.5Europe Glass Coatings Market Forecasts and Analysis - By End User
10.2.6Europe Glass Coatings Market Forecasts and Analysis - By Countries
10.2.6.1Germany Glass Coatings Market
10.2.6.1.1Germany Glass Coatings Market by Type
10.2.6.1.2Germany Glass Coatings Market by Technology
10.2.6.1.3Germany Glass Coatings Market by End User
10.2.6.2France Glass Coatings Market
10.2.6.2.1France Glass Coatings Market by Type
10.2.6.2.2France Glass Coatings Market by Technology
10.2.6.2.3France Glass Coatings Market by End User
10.2.6.3Italy Glass Coatings Market
10.2.6.3.1Italy Glass Coatings Market by Type
10.2.6.3.2Italy Glass Coatings Market by Technology
10.2.6.3.3Italy Glass Coatings Market by End User
10.2.6.4United Kingdom Glass Coatings Market
10.2.6.4.1United Kingdom Glass Coatings Market by Type
10.2.6.4.2United Kingdom Glass Coatings Market by Technology
10.2.6.4.3United Kingdom Glass Coatings Market by End User
10.2.6.5Russia Glass Coatings Market
10.2.6.5.1Russia Glass Coatings Market by Type
10.2.6.5.2Russia Glass Coatings Market by Technology
10.2.6.5.3Russia Glass Coatings Market by End User
10.2.6.6Rest of Europe Glass Coatings Market
10.2.6.6.1Rest of Europe Glass Coatings Market by Type
10.2.6.6.2Rest of Europe Glass Coatings Market by Technology
10.2.6.6.3Rest of Europe Glass Coatings Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Glass Coatings Market Overview
10.3.2Asia-Pacific Glass Coatings Market Forecasts and Analysis
10.3.3Asia-Pacific Glass Coatings Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Glass Coatings Market Forecasts and Analysis - By Technology
10.3.5Asia-Pacific Glass Coatings Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific Glass Coatings Market Forecasts and Analysis - By Countries
10.3.6.1Australia Glass Coatings Market
10.3.6.1.1Australia Glass Coatings Market by Type
10.3.6.1.2Australia Glass Coatings Market by Technology
10.3.6.1.3Australia Glass Coatings Market by End User
10.3.6.2China Glass Coatings Market
10.3.6.2.1China Glass Coatings Market by Type
10.3.6.2.2China Glass Coatings Market by Technology
10.3.6.2.3China Glass Coatings Market by End User
10.3.6.3India Glass Coatings Market
10.3.6.3.1India Glass Coatings Market by Type
10.3.6.3.2India Glass Coatings Market by Technology
10.3.6.3.3India Glass Coatings Market by End User
10.3.6.4Japan Glass Coatings Market
10.3.6.4.1Japan Glass Coatings Market by Type
10.3.6.4.2Japan Glass Coatings Market by Technology
10.3.6.4.3Japan Glass Coatings Market by End User
10.3.6.5South Korea Glass Coatings Market
10.3.6.5.1South Korea Glass Coatings Market by Type
10.3.6.5.2South Korea Glass Coatings Market by Technology
10.3.6.5.3South Korea Glass Coatings Market by End User
10.3.6.6Rest of Asia-Pacific Glass Coatings Market
10.3.6.6.1Rest of Asia-Pacific Glass Coatings Market by Type
10.3.6.6.2Rest of Asia-Pacific Glass Coatings Market by Technology
10.3.6.6.3Rest of Asia-Pacific Glass Coatings Market by End User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Glass Coatings Market Overview
10.4.2Middle East and Africa Glass Coatings Market Forecasts and Analysis
10.4.3Middle East and Africa Glass Coatings Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Glass Coatings Market Forecasts and Analysis - By Technology
10.4.5Middle East and Africa Glass Coatings Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa Glass Coatings Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Glass Coatings Market
10.4.6.1.1South Africa Glass Coatings Market by Type
10.4.6.1.2South Africa Glass Coatings Market by Technology
10.4.6.1.3South Africa Glass Coatings Market by End User
10.4.6.2Saudi Arabia Glass Coatings Market
10.4.6.2.1Saudi Arabia Glass Coatings Market by Type
10.4.6.2.2Saudi Arabia Glass Coatings Market by Technology
10.4.6.2.3Saudi Arabia Glass Coatings Market by End User
10.4.6.3U.A.E Glass Coatings Market
10.4.6.3.1U.A.E Glass Coatings Market by Type
10.4.6.3.2U.A.E Glass Coatings Market by Technology
10.4.6.3.3U.A.E Glass Coatings Market by End User
10.4.6.4Rest of Middle East and Africa Glass Coatings Market
10.4.6.4.1Rest of Middle East and Africa Glass Coatings Market by Type
10.4.6.4.2Rest of Middle East and Africa Glass Coatings Market by Technology
10.4.6.4.3Rest of Middle East and Africa Glass Coatings Market by End User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Glass Coatings Market Overview
10.5.2South and Central America Glass Coatings Market Forecasts and Analysis
10.5.3South and Central America Glass Coatings Market Forecasts and Analysis - By Type
10.5.4South and Central America Glass Coatings Market Forecasts and Analysis - By Technology
10.5.5South and Central America Glass Coatings Market Forecasts and Analysis - By End User
10.5.6South and Central America Glass Coatings Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Glass Coatings Market
10.5.6.1.1Brazil Glass Coatings Market by Type
10.5.6.1.2Brazil Glass Coatings Market by Technology
10.5.6.1.3Brazil Glass Coatings Market by End User
10.5.6.2Argentina Glass Coatings Market
10.5.6.2.1Argentina Glass Coatings Market by Type
10.5.6.2.2Argentina Glass Coatings Market by Technology
10.5.6.2.3Argentina Glass Coatings Market by End User
10.5.6.3Rest of South and Central America Glass Coatings Market
10.5.6.3.1Rest of South and Central America Glass Coatings Market by Type
10.5.6.3.2Rest of South and Central America Glass Coatings Market by Technology
10.5.6.3.3Rest of South and Central America Glass Coatings Market by End User
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.GLASS COATINGS MARKET, KEY COMPANY PROFILES
12.1.3M COMPANY
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.AGC, 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.ARKEMA
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.CENTRAL GLASS
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.NANO-CARE DEUTSCHLAND AG
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.SAINT-GOBAIN
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.SCHOTT
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.TAIWAN GLASS
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.VIRACON
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.VITRO ARCHITECTURAL GLASS
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. 3M Company
2. AGC, Inc.
3. Arkema
4. Central Glass
5. Nano-Care Deutschland AG
6. Saint-Gobain
7. SCHOTT
8. Taiwan Glass
9. Viracon
10. Vitro Architectural Glass
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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