Industrial Adhesives Market 2021-2031: Market Share and Forecast
The Industrial Adhesives Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The industrial adhesives market report is segmented by resin type (epoxy, polyurethane, acrylic, silicone, and others). The market is segmented based on the end-use industry (automotive, aerospace, paper and packaging, electrical and electronics, woodworking, and others). The global analysis is further broken down at the 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, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Industrial Adhesives 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.
Industrial Adhesives Market Segmentation
Resin Type- Epoxy
- Polyurethane
- Acrylic
- Silicone
- Automotive
- Aerospace
- Paper and Packaging
- Electrical and Electronics
- Woodworking
Strategic Insights
Industrial Adhesives Market Growth Drivers- Key End-Use Sectors Driving Demand for Industrial Adhesives: The growth of the key end-use sectors like automotive, building construction, packaging, and electronics fuels the industrial adhesives market. With such industry developments, there is a rise in the advancement and demand for adhesives that have high bonding capacity, longevity, and superior performance aspects. For instance, in order to enhance fuel economy through vehicle lightweighting, the automotive sector has started utilizing adhesives instead of mechanical fasteners.
- Product Innovation and Technological Advancements: The market is also propelled by changes and innovation of products, in this case, adhesives. Very high-rising adhesives, such as those that can withstand very low and high temperatures, aggressive solvents, and even moisture, are beginning to appeal to a wide range of industries. Other than being easy to bond surfaces, developments in bonding applications, such as automating the process and precision dispensing, have revolutionized the use of adhesive in many production operations.
- Shift Towards Green and Sustainable Adhesives: Adoption of green adhesives is also encouraged due to enforced environmental laws and a growing focus on sustainable development. A number of producers are adopting water-based and bio-based adhesives that have no volatile organic compound (VOC) pollutants for safety reasons. This shift in production is also fueled by the increasing consider the availability of sustainable products in the markets, thus driving industries to look for adhesives that are compliant with the regulations and yet reduce the effect on the environment.
- Rise of Bio-Based Adhesives: Recycling and minimization of waste are some of the reasons leading to the production and use of adhesives made from biological sources. Bio-based adhesives are prevalent in many areas, such as packaging and furniture, especially with the need by both consumers and manufacturers for green alternatives. This happens to be in harmony with deeper moves to cut down the use of products made from petrochemical sources.
- Development of Smart Adhesives: One more noticeable trend on the market is the age of smart adhesives, which will interact with such external factors as temperature, and humidity, and will change their characteristics. Such adhesives can offer other capabilities as well, such as self-repairing or being stronger in some conditions than others. This means that there is a huge potential for deploying such smart additives in adhesives for electronics, healthcare, and automotive applications.
- Packaging Adhesives Driven by E-Commerce Growth: New trends in packaging adhesives are adopted mainly due to the growth of e-commerce. As the trend of online shopping increases, so does the need for packaging solutions that are stronger, thicker, and eco-friendly. This has resulted in advanced adhesive solutions, which are intended to improve the performance and recyclability of packaging materials to ensure products are delivered safely to the consumer.
- Opportunities in Emerging Markets: The emerging markets are going through massive industrialization and urbanization thus there are ample opportunit1ies for growth within the industrial adhesives market. Asia pacific, Latin America and Africa are notable regions where there is a growing demand for adhesives for sectors like construction, automotive and consumer products. Therefore, market players who enter these markets stand a chance to reap the benefits of increasing their move toward consumption and investment.
- Advancement in Application Technologies: There is great potential in the conception of new application technologies, for example, automatic dispensing systems and smart factory systems. The advancement of more precise and effective application techniques will certainly give companies an upper hand over their competitors, especially in application fields where precision and performance are paramount.
- Strategic Partnerships for Innovation: Partnering with research centers, technology developers, and end-users can improve innovation and increase the scope of the market. Through collaborations, it is possible to come up with advanced adhesive products suitable for certain industries that lead to better products and retention of customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Industrial Adhesives 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 Industrial Adhesives 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 Industrial Adhesives Market is estimated to witness a CAGR of 5% from 2023 to 2031
The increasing demand from various industries is driving the market growth.
Henkel Adhesives Technologies, 3M Co, BASF SE, Huntsman International LLC, H.B. Fuller Company, Solvay, Pidilite Industries Ltd, Sika AG, The Dow Company, and Beardow Adams are the key players operating in the industrial adhesives market.
Based on end-use industry, the paper and packaging segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the industrial adhesives market due to its growing industrial sector, construction and packaging industry.
The increase in the use of bio-based 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 Industrial Adhesives Market - By Material Base
1.3.2 Industrial Adhesives Market - By Composition
1.3.3 Industrial Adhesives Market - By Type
1.3.4 Industrial Adhesives Market - By End-Use Industry
1.3.5 Industrial Adhesives Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL ADHESIVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. INDUSTRIAL ADHESIVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. INDUSTRIAL ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL BASE
7.1. OVERVIEW
7.2. MATERIAL BASE MARKET FORECASTS AND ANALYSIS
7.3. SYNTHETIC
7.3.1. Overview
7.3.2. Synthetic Market Forecast and Analysis
7.4. NATURAL
7.4.1. Overview
7.4.2. Natural Market Forecast and Analysis
8. INDUSTRIAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - COMPOSITION
8.1. OVERVIEW
8.2. COMPOSITION MARKET FORECASTS AND ANALYSIS
8.3. ACRYLIC
8.3.1. Overview
8.3.2. Acrylic Market Forecast and Analysis
8.4. VINYL
8.4.1. Overview
8.4.2. Vinyl Market Forecast and Analysis
8.5. EPOXY RESINS
8.5.1. Overview
8.5.2. Epoxy Resins Market Forecast and Analysis
8.6. POLYOLEFIN
8.6.1. Overview
8.6.2. Polyolefin Market Forecast and Analysis
8.7. POLYMERS
8.7.1. Overview
8.7.2. Polymers Market Forecast and Analysis
8.8. RUBBER
8.8.1. Overview
8.8.2. Rubber Market Forecast and Analysis
8.9. AMINE-BASED RESINS
8.9.1. Overview
8.9.2. Amine-Based Resins Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. INDUSTRIAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1. OVERVIEW
9.2. TYPE MARKET FORECASTS AND ANALYSIS
9.3. WATER-BASED ADHESIVES
9.3.1. Overview
9.3.2. Water-Based Adhesives Market Forecast and Analysis
9.4. SOLVENT-BASED ADHESIVES
9.4.1. Overview
9.4.2. Solvent-Based Adhesives Market Forecast and Analysis
9.5. HOT-MELT ADHESIVES
9.5.1. Overview
9.5.2. Hot-Melt Adhesives Market Forecast and Analysis
9.6. PRESSURE SENSITIVE ADHESIVES
9.6.1. Overview
9.6.2. Pressure Sensitive Adhesives Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. INDUSTRIAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
10.1. OVERVIEW
10.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. PACKAGING INDUSTRY
10.3.1. Overview
10.3.2. Packaging Industry Market Forecast and Analysis
10.4. CONSTRUCTION AND WOODWORKING INDUSTRY
10.4.1. Overview
10.4.2. Construction and Woodworking Industry Market Forecast and Analysis
10.5. TRANSPORTATION INDUSTRY
10.5.1. Overview
10.5.2. Transportation Industry Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. INDUSTRIAL ADHESIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Industrial Adhesives Market Overview
11.1.2 North America Industrial Adhesives Market Forecasts and Analysis
11.1.3 North America Industrial Adhesives Market Forecasts and Analysis - By Material Base
11.1.4 North America Industrial Adhesives Market Forecasts and Analysis - By Composition
11.1.5 North America Industrial Adhesives Market Forecasts and Analysis - By Type
11.1.6 North America Industrial Adhesives Market Forecasts and Analysis - By End-Use Industry
11.1.7 North America Industrial Adhesives Market Forecasts and Analysis - By Countries
11.1.7.1 United States Industrial Adhesives Market
11.1.7.1.1 United States Industrial Adhesives Market by Material Base
11.1.7.1.2 United States Industrial Adhesives Market by Composition
11.1.7.1.3 United States Industrial Adhesives Market by Type
11.1.7.1.4 United States Industrial Adhesives Market by End-Use Industry
11.1.7.2 Canada Industrial Adhesives Market
11.1.7.2.1 Canada Industrial Adhesives Market by Material Base
11.1.7.2.2 Canada Industrial Adhesives Market by Composition
11.1.7.2.3 Canada Industrial Adhesives Market by Type
11.1.7.2.4 Canada Industrial Adhesives Market by End-Use Industry
11.1.7.3 Mexico Industrial Adhesives Market
11.1.7.3.1 Mexico Industrial Adhesives Market by Material Base
11.1.7.3.2 Mexico Industrial Adhesives Market by Composition
11.1.7.3.3 Mexico Industrial Adhesives Market by Type
11.1.7.3.4 Mexico Industrial Adhesives Market by End-Use Industry
11.2. EUROPE
11.2.1 Europe Industrial Adhesives Market Overview
11.2.2 Europe Industrial Adhesives Market Forecasts and Analysis
11.2.3 Europe Industrial Adhesives Market Forecasts and Analysis - By Material Base
11.2.4 Europe Industrial Adhesives Market Forecasts and Analysis - By Composition
11.2.5 Europe Industrial Adhesives Market Forecasts and Analysis - By Type
11.2.6 Europe Industrial Adhesives Market Forecasts and Analysis - By End-Use Industry
11.2.7 Europe Industrial Adhesives Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Industrial Adhesives Market
11.2.7.1.1 Germany Industrial Adhesives Market by Material Base
11.2.7.1.2 Germany Industrial Adhesives Market by Composition
11.2.7.1.3 Germany Industrial Adhesives Market by Type
11.2.7.1.4 Germany Industrial Adhesives Market by End-Use Industry
11.2.7.2 France Industrial Adhesives Market
11.2.7.2.1 France Industrial Adhesives Market by Material Base
11.2.7.2.2 France Industrial Adhesives Market by Composition
11.2.7.2.3 France Industrial Adhesives Market by Type
11.2.7.2.4 France Industrial Adhesives Market by End-Use Industry
11.2.7.3 Italy Industrial Adhesives Market
11.2.7.3.1 Italy Industrial Adhesives Market by Material Base
11.2.7.3.2 Italy Industrial Adhesives Market by Composition
11.2.7.3.3 Italy Industrial Adhesives Market by Type
11.2.7.3.4 Italy Industrial Adhesives Market by End-Use Industry
11.2.7.4 United Kingdom Industrial Adhesives Market
11.2.7.4.1 United Kingdom Industrial Adhesives Market by Material Base
11.2.7.4.2 United Kingdom Industrial Adhesives Market by Composition
11.2.7.4.3 United Kingdom Industrial Adhesives Market by Type
11.2.7.4.4 United Kingdom Industrial Adhesives Market by End-Use Industry
11.2.7.5 Russia Industrial Adhesives Market
11.2.7.5.1 Russia Industrial Adhesives Market by Material Base
11.2.7.5.2 Russia Industrial Adhesives Market by Composition
11.2.7.5.3 Russia Industrial Adhesives Market by Type
11.2.7.5.4 Russia Industrial Adhesives Market by End-Use Industry
11.2.7.6 Rest of Europe Industrial Adhesives Market
11.2.7.6.1 Rest of Europe Industrial Adhesives Market by Material Base
11.2.7.6.2 Rest of Europe Industrial Adhesives Market by Composition
11.2.7.6.3 Rest of Europe Industrial Adhesives Market by Type
11.2.7.6.4 Rest of Europe Industrial Adhesives Market by End-Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Industrial Adhesives Market Overview
11.3.2 Asia-Pacific Industrial Adhesives Market Forecasts and Analysis
11.3.3 Asia-Pacific Industrial Adhesives Market Forecasts and Analysis - By Material Base
11.3.4 Asia-Pacific Industrial Adhesives Market Forecasts and Analysis - By Composition
11.3.5 Asia-Pacific Industrial Adhesives Market Forecasts and Analysis - By Type
11.3.6 Asia-Pacific Industrial Adhesives Market Forecasts and Analysis - By End-Use Industry
11.3.7 Asia-Pacific Industrial Adhesives Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Industrial Adhesives Market
11.3.7.1.1 Australia Industrial Adhesives Market by Material Base
11.3.7.1.2 Australia Industrial Adhesives Market by Composition
11.3.7.1.3 Australia Industrial Adhesives Market by Type
11.3.7.1.4 Australia Industrial Adhesives Market by End-Use Industry
11.3.7.2 China Industrial Adhesives Market
11.3.7.2.1 China Industrial Adhesives Market by Material Base
11.3.7.2.2 China Industrial Adhesives Market by Composition
11.3.7.2.3 China Industrial Adhesives Market by Type
11.3.7.2.4 China Industrial Adhesives Market by End-Use Industry
11.3.7.3 India Industrial Adhesives Market
11.3.7.3.1 India Industrial Adhesives Market by Material Base
11.3.7.3.2 India Industrial Adhesives Market by Composition
11.3.7.3.3 India Industrial Adhesives Market by Type
11.3.7.3.4 India Industrial Adhesives Market by End-Use Industry
11.3.7.4 Japan Industrial Adhesives Market
11.3.7.4.1 Japan Industrial Adhesives Market by Material Base
11.3.7.4.2 Japan Industrial Adhesives Market by Composition
11.3.7.4.3 Japan Industrial Adhesives Market by Type
11.3.7.4.4 Japan Industrial Adhesives Market by End-Use Industry
11.3.7.5 South Korea Industrial Adhesives Market
11.3.7.5.1 South Korea Industrial Adhesives Market by Material Base
11.3.7.5.2 South Korea Industrial Adhesives Market by Composition
11.3.7.5.3 South Korea Industrial Adhesives Market by Type
11.3.7.5.4 South Korea Industrial Adhesives Market by End-Use Industry
11.3.7.6 Rest of Asia-Pacific Industrial Adhesives Market
11.3.7.6.1 Rest of Asia-Pacific Industrial Adhesives Market by Material Base
11.3.7.6.2 Rest of Asia-Pacific Industrial Adhesives Market by Composition
11.3.7.6.3 Rest of Asia-Pacific Industrial Adhesives Market by Type
11.3.7.6.4 Rest of Asia-Pacific Industrial Adhesives Market by End-Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Industrial Adhesives Market Overview
11.4.2 Middle East and Africa Industrial Adhesives Market Forecasts and Analysis
11.4.3 Middle East and Africa Industrial Adhesives Market Forecasts and Analysis - By Material Base
11.4.4 Middle East and Africa Industrial Adhesives Market Forecasts and Analysis - By Composition
11.4.5 Middle East and Africa Industrial Adhesives Market Forecasts and Analysis - By Type
11.4.6 Middle East and Africa Industrial Adhesives Market Forecasts and Analysis - By End-Use Industry
11.4.7 Middle East and Africa Industrial Adhesives Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Industrial Adhesives Market
11.4.7.1.1 South Africa Industrial Adhesives Market by Material Base
11.4.7.1.2 South Africa Industrial Adhesives Market by Composition
11.4.7.1.3 South Africa Industrial Adhesives Market by Type
11.4.7.1.4 South Africa Industrial Adhesives Market by End-Use Industry
11.4.7.2 Saudi Arabia Industrial Adhesives Market
11.4.7.2.1 Saudi Arabia Industrial Adhesives Market by Material Base
11.4.7.2.2 Saudi Arabia Industrial Adhesives Market by Composition
11.4.7.2.3 Saudi Arabia Industrial Adhesives Market by Type
11.4.7.2.4 Saudi Arabia Industrial Adhesives Market by End-Use Industry
11.4.7.3 U.A.E Industrial Adhesives Market
11.4.7.3.1 U.A.E Industrial Adhesives Market by Material Base
11.4.7.3.2 U.A.E Industrial Adhesives Market by Composition
11.4.7.3.3 U.A.E Industrial Adhesives Market by Type
11.4.7.3.4 U.A.E Industrial Adhesives Market by End-Use Industry
11.4.7.4 Rest of Middle East and Africa Industrial Adhesives Market
11.4.7.4.1 Rest of Middle East and Africa Industrial Adhesives Market by Material Base
11.4.7.4.2 Rest of Middle East and Africa Industrial Adhesives Market by Composition
11.4.7.4.3 Rest of Middle East and Africa Industrial Adhesives Market by Type
11.4.7.4.4 Rest of Middle East and Africa Industrial Adhesives Market by End-Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Industrial Adhesives Market Overview
11.5.2 South and Central America Industrial Adhesives Market Forecasts and Analysis
11.5.3 South and Central America Industrial Adhesives Market Forecasts and Analysis - By Material Base
11.5.4 South and Central America Industrial Adhesives Market Forecasts and Analysis - By Composition
11.5.5 South and Central America Industrial Adhesives Market Forecasts and Analysis - By Type
11.5.6 South and Central America Industrial Adhesives Market Forecasts and Analysis - By End-Use Industry
11.5.7 South and Central America Industrial Adhesives Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Industrial Adhesives Market
11.5.7.1.1 Brazil Industrial Adhesives Market by Material Base
11.5.7.1.2 Brazil Industrial Adhesives Market by Composition
11.5.7.1.3 Brazil Industrial Adhesives Market by Type
11.5.7.1.4 Brazil Industrial Adhesives Market by End-Use Industry
11.5.7.2 Argentina Industrial Adhesives Market
11.5.7.2.1 Argentina Industrial Adhesives Market by Material Base
11.5.7.2.2 Argentina Industrial Adhesives Market by Composition
11.5.7.2.3 Argentina Industrial Adhesives Market by Type
11.5.7.2.4 Argentina Industrial Adhesives Market by End-Use Industry
11.5.7.3 Rest of South and Central America Industrial Adhesives Market
11.5.7.3.1 Rest of South and Central America Industrial Adhesives Market by Material Base
11.5.7.3.2 Rest of South and Central America Industrial Adhesives Market by Composition
11.5.7.3.3 Rest of South and Central America Industrial Adhesives Market by Type
11.5.7.3.4 Rest of South and Central America Industrial Adhesives Market by End-Use Industry
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. INDUSTRIAL ADHESIVES MARKET, KEY COMPANY PROFILES
13.1. 3M COMPANY
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. BASF SE
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. E. I. DU PONT DE NEMOURS AND COMPANY
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
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 COMPANY, 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. HUNTSMAN CORPORATION
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. PIDILITE INDUSTRIES LIMITED
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. SIKA AG
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. SOLVAY GROUP
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. THE DOW CHEMICAL COMPANY
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. 3M Company
2. BASF SE
3. E. I. Du Pont De Nemours and Company
4. H. B. Fuller
5. Henkel AG and Company, KGaA
6. Huntsman Corporation
7. Pidilite Industries Limited
8. Sika AG
9. Solvay Group
10. The DOW Chemical 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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