Glass Flake Coatings Market Dynamics 2021-2031
Glass flake coatings are a form of coating that contains glass flakes. Glass flake coatings are made up of a resin matrix coated in micron-thick glass and properly graded flakes that can be joined in several layers to create a permeation barrier and prolong the coating's service life. These are made from recycled materials like nylon rubber, plasticizers, and resins that take less energy to produce.
MARKET DYNAMICS
The Global Glass Flake Coatings Market is expected to grow due to factors such as rising demand for advanced and high-efficiency coatings, as well as the need to improve the performance and longevity of equipment and devices. The expansion of the oil and gas exploration industry is also helping the glass flake coatings market to expand. The price fluctuation of glass flake coatings, on the other hand, is limiting the market's growth.
MARKET SCOPE
The "Global Glass Flake Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the glass flake coatings market with detailed market segmentation by resin type, substrate, and end-user industry. The global glass flake coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glass flake coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
By Resin Type
- Epoxy
- Polyester
- Vinyl Ester
- Others
By Substrate
- Metal
- Concrete
By End-user Industry
- Oil & Gas
- Marine
- Industrial
- Power Generation
- Wastewater Treatment
- 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 global glass flake coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The glass flake coatings 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 glass flake coatings market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides 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 glass flake coatings market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global glass flake coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The glass flake coatings 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 glass flake coatings market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides 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 glass flake coatings market in these regions.
MARKET PLAYERS
The report covers vital developments in the glass flake coatings 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 the business and customer base of market players. The market payers from the glass flake coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for glass flake coatings in the global market. Below mentioned is the list of few companies engaged in the glass flake coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass flake coatings market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Hempel A/S
- CHEMIPROTECT ENGINEERS
- Nippon Sheet Glass Co. Ltd.
- PPG Industries Inc.
- Corrosioneering Group
- Clean Coats
- The Sherwin-Williams Company
- Berger Paints India Limited
- KCC CORPORATION
- Akzo Nobel N.V
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- 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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glass Flake Coatings Market - By Resin Type
1.3.2 Glass Flake Coatings Market - By Substrate
1.3.3 Glass Flake Coatings Market - By End-user Industry
1.3.4 Glass Flake Coatings Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLASS FLAKE COATINGS 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. GLASS FLAKE 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 FLAKE COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. GLASS FLAKE COATINGS - GLOBAL MARKET OVERVIEW
6.2. GLASS FLAKE COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLASS FLAKE COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY
7.3.1. Overview
7.3.2. Epoxy Market Forecast and Analysis
7.4. POLYESTER
7.4.1. Overview
7.4.2. Polyester Market Forecast and Analysis
7.5. VINYL ESTER
7.5.1. Overview
7.5.2. Vinyl Ester Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. GLASS FLAKE COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
8.1. OVERVIEW
8.2. SUBSTRATE MARKET FORECASTS AND ANALYSIS
8.3. METAL
8.3.1. Overview
8.3.2. Metal Market Forecast and Analysis
8.4. CONCRETE
8.4.1. Overview
8.4.2. Concrete Market Forecast and Analysis
9. GLASS FLAKE COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
9.1. OVERVIEW
9.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. OIL AND GAS
9.3.1. Overview
9.3.2. Oil and Gas Market Forecast and Analysis
9.4. MARINE
9.4.1. Overview
9.4.2. Marine Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
9.6. POWER GENERATION
9.6.1. Overview
9.6.2. Power Generation Market Forecast and Analysis
9.7. WASTEWATER TREATMENT
9.7.1. Overview
9.7.2. Wastewater Treatment Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. GLASS FLAKE COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Glass Flake Coatings Market Overview
10.1.2 North America Glass Flake Coatings Market Forecasts and Analysis
10.1.3 North America Glass Flake Coatings Market Forecasts and Analysis - By Resin Type
10.1.4 North America Glass Flake Coatings Market Forecasts and Analysis - By Substrate
10.1.5 North America Glass Flake Coatings Market Forecasts and Analysis - By End-user Industry
10.1.6 North America Glass Flake Coatings Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Glass Flake Coatings Market
10.1.6.1.1 Canada Glass Flake Coatings Market by Resin Type
10.1.6.1.2 Canada Glass Flake Coatings Market by Substrate
10.1.6.1.3 Canada Glass Flake Coatings Market by End-user Industry
10.1.6.2 Mexico Glass Flake Coatings Market
10.1.6.2.1 Mexico Glass Flake Coatings Market by Resin Type
10.1.6.2.2 Mexico Glass Flake Coatings Market by Substrate
10.1.6.2.3 Mexico Glass Flake Coatings Market by End-user Industry
10.1.6.3 US Glass Flake Coatings Market
10.1.6.3.1 US Glass Flake Coatings Market by Resin Type
10.1.6.3.2 US Glass Flake Coatings Market by Substrate
10.1.6.3.3 US Glass Flake Coatings Market by End-user Industry
10.2. EUROPE
10.2.1 Europe Glass Flake Coatings Market Overview
10.2.2 Europe Glass Flake Coatings Market Forecasts and Analysis
10.2.3 Europe Glass Flake Coatings Market Forecasts and Analysis - By Resin Type
10.2.4 Europe Glass Flake Coatings Market Forecasts and Analysis - By Substrate
10.2.5 Europe Glass Flake Coatings Market Forecasts and Analysis - By End-user Industry
10.2.6 Europe Glass Flake Coatings Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Glass Flake Coatings Market
10.2.6.1.1 Germany Glass Flake Coatings Market by Resin Type
10.2.6.1.2 Germany Glass Flake Coatings Market by Substrate
10.2.6.1.3 Germany Glass Flake Coatings Market by End-user Industry
10.2.6.2 France Glass Flake Coatings Market
10.2.6.2.1 France Glass Flake Coatings Market by Resin Type
10.2.6.2.2 France Glass Flake Coatings Market by Substrate
10.2.6.2.3 France Glass Flake Coatings Market by End-user Industry
10.2.6.3 Italy Glass Flake Coatings Market
10.2.6.3.1 Italy Glass Flake Coatings Market by Resin Type
10.2.6.3.2 Italy Glass Flake Coatings Market by Substrate
10.2.6.3.3 Italy Glass Flake Coatings Market by End-user Industry
10.2.6.4 United Kingdom Glass Flake Coatings Market
10.2.6.4.1 United Kingdom Glass Flake Coatings Market by Resin Type
10.2.6.4.2 United Kingdom Glass Flake Coatings Market by Substrate
10.2.6.4.3 United Kingdom Glass Flake Coatings Market by End-user Industry
10.2.6.5 Russia Glass Flake Coatings Market
10.2.6.5.1 Russia Glass Flake Coatings Market by Resin Type
10.2.6.5.2 Russia Glass Flake Coatings Market by Substrate
10.2.6.5.3 Russia Glass Flake Coatings Market by End-user Industry
10.2.6.6 Rest of Europe Glass Flake Coatings Market
10.2.6.6.1 Rest of Europe Glass Flake Coatings Market by Resin Type
10.2.6.6.2 Rest of Europe Glass Flake Coatings Market by Substrate
10.2.6.6.3 Rest of Europe Glass Flake Coatings Market by End-user Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Glass Flake Coatings Market Overview
10.3.2 Asia-Pacific Glass Flake Coatings Market Forecasts and Analysis
10.3.3 Asia-Pacific Glass Flake Coatings Market Forecasts and Analysis - By Resin Type
10.3.4 Asia-Pacific Glass Flake Coatings Market Forecasts and Analysis - By Substrate
10.3.5 Asia-Pacific Glass Flake Coatings Market Forecasts and Analysis - By End-user Industry
10.3.6 Asia-Pacific Glass Flake Coatings Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Glass Flake Coatings Market
10.3.6.1.1 Australia Glass Flake Coatings Market by Resin Type
10.3.6.1.2 Australia Glass Flake Coatings Market by Substrate
10.3.6.1.3 Australia Glass Flake Coatings Market by End-user Industry
10.3.6.2 China Glass Flake Coatings Market
10.3.6.2.1 China Glass Flake Coatings Market by Resin Type
10.3.6.2.2 China Glass Flake Coatings Market by Substrate
10.3.6.2.3 China Glass Flake Coatings Market by End-user Industry
10.3.6.3 India Glass Flake Coatings Market
10.3.6.3.1 India Glass Flake Coatings Market by Resin Type
10.3.6.3.2 India Glass Flake Coatings Market by Substrate
10.3.6.3.3 India Glass Flake Coatings Market by End-user Industry
10.3.6.4 Japan Glass Flake Coatings Market
10.3.6.4.1 Japan Glass Flake Coatings Market by Resin Type
10.3.6.4.2 Japan Glass Flake Coatings Market by Substrate
10.3.6.4.3 Japan Glass Flake Coatings Market by End-user Industry
10.3.6.5 South Korea Glass Flake Coatings Market
10.3.6.5.1 South Korea Glass Flake Coatings Market by Resin Type
10.3.6.5.2 South Korea Glass Flake Coatings Market by Substrate
10.3.6.5.3 South Korea Glass Flake Coatings Market by End-user Industry
10.3.6.6 Rest of Asia-Pacific Glass Flake Coatings Market
10.3.6.6.1 Rest of Asia-Pacific Glass Flake Coatings Market by Resin Type
10.3.6.6.2 Rest of Asia-Pacific Glass Flake Coatings Market by Substrate
10.3.6.6.3 Rest of Asia-Pacific Glass Flake Coatings Market by End-user Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Glass Flake Coatings Market Overview
10.4.2 Middle East and Africa Glass Flake Coatings Market Forecasts and Analysis
10.4.3 Middle East and Africa Glass Flake Coatings Market Forecasts and Analysis - By Resin Type
10.4.4 Middle East and Africa Glass Flake Coatings Market Forecasts and Analysis - By Substrate
10.4.5 Middle East and Africa Glass Flake Coatings Market Forecasts and Analysis - By End-user Industry
10.4.6 Middle East and Africa Glass Flake Coatings Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Glass Flake Coatings Market
10.4.6.1.1 South Africa Glass Flake Coatings Market by Resin Type
10.4.6.1.2 South Africa Glass Flake Coatings Market by Substrate
10.4.6.1.3 South Africa Glass Flake Coatings Market by End-user Industry
10.4.6.2 Saudi Arabia Glass Flake Coatings Market
10.4.6.2.1 Saudi Arabia Glass Flake Coatings Market by Resin Type
10.4.6.2.2 Saudi Arabia Glass Flake Coatings Market by Substrate
10.4.6.2.3 Saudi Arabia Glass Flake Coatings Market by End-user Industry
10.4.6.3 U.A.E Glass Flake Coatings Market
10.4.6.3.1 U.A.E Glass Flake Coatings Market by Resin Type
10.4.6.3.2 U.A.E Glass Flake Coatings Market by Substrate
10.4.6.3.3 U.A.E Glass Flake Coatings Market by End-user Industry
10.4.6.4 Rest of Middle East and Africa Glass Flake Coatings Market
10.4.6.4.1 Rest of Middle East and Africa Glass Flake Coatings Market by Resin Type
10.4.6.4.2 Rest of Middle East and Africa Glass Flake Coatings Market by Substrate
10.4.6.4.3 Rest of Middle East and Africa Glass Flake Coatings Market by End-user Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Glass Flake Coatings Market Overview
10.5.2 South and Central America Glass Flake Coatings Market Forecasts and Analysis
10.5.3 South and Central America Glass Flake Coatings Market Forecasts and Analysis - By Resin Type
10.5.4 South and Central America Glass Flake Coatings Market Forecasts and Analysis - By Substrate
10.5.5 South and Central America Glass Flake Coatings Market Forecasts and Analysis - By End-user Industry
10.5.6 South and Central America Glass Flake Coatings Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Glass Flake Coatings Market
10.5.6.1.1 Brazil Glass Flake Coatings Market by Resin Type
10.5.6.1.2 Brazil Glass Flake Coatings Market by Substrate
10.5.6.1.3 Brazil Glass Flake Coatings Market by End-user Industry
10.5.6.2 Argentina Glass Flake Coatings Market
10.5.6.2.1 Argentina Glass Flake Coatings Market by Resin Type
10.5.6.2.2 Argentina Glass Flake Coatings Market by Substrate
10.5.6.2.3 Argentina Glass Flake Coatings Market by End-user Industry
10.5.6.3 Rest of South and Central America Glass Flake Coatings Market
10.5.6.3.1 Rest of South and Central America Glass Flake Coatings Market by Resin Type
10.5.6.3.2 Rest of South and Central America Glass Flake Coatings Market by Substrate
10.5.6.3.3 Rest of South and Central America Glass Flake Coatings Market by End-user 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. GLASS FLAKE COATINGS MARKET, KEY COMPANY PROFILES
12.1. HEMPEL A/S
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. CHEMIPROTECT ENGINEERS
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. NIPPON SHEET GLASS CO. 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. PPG INDUSTRIES INC.
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. CORROSIONEERING GROUP
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. CLEAN COATS
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. THE SHERWIN-WILLIAMS COMPANY
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. BERGER PAINTS INDIA LIMITED
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. KCC 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. AKZO NOBEL N.V
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. Hempel A/S
2. CHEMIPROTECT ENGINEERS
3. Nippon Sheet Glass Co. Ltd.
4. PPG Industries Inc.
5. Corrosioneering Group
6. Clean Coats
7. The Sherwin-Williams Company
8. Berger Paints India Limited
9. KCC CORPORATION
10. Akzo Nobel N.V
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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