Industrial Floor Coating Market Updates by 2031
MARKET OVERVIEW
The Industrial Floor Coating Market is a growing market that refers to applying specialized coatings on concrete or other flooring surfaces in industrial settings. These coatings protect the flooring surfaces from damage, enhance their appearance, and improve their durability, slip resistance, and other vital properties. With the increasing demand for high-quality flooring in industrial facilities, the market for industrial floor coatings is expected to experience significant growth in the coming years.
MARKET DYNAMICS
The global industrial floor coating market is a highly competitive market due to many international and regional players' presence. The increasing development in industrial floor coatings to enhance surface strength and aesthetics is the key factor driving the market growth. The increasing growth of commercial construction industries and rising industrialization in developing nation is bolstering the market growth. Further, rising demand for floor coating solution in industrial plants to maintain a safe and healthy environment with proper sanitation and hygienic flooring is accelerating the market growth.
MARKET SCOPE
The "Global Industrial Floor Coating Market Analysis to 2031" is a specialized and in-depth study of the industrial floor coating market with a special focus on the global market trend analysis. The report aims to provide an overview of Industrial floor coating market with detailed market segmentation by resin type, flooring material technology, and end-use sector. The global Industrial floor coating market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Industrial floor coating market player and offers key trends and opportunities in the Industrial floor coating market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.
MARKET SEGMENTATION
The global industrial floor coating market is segmented based on resin type, flooring material, technology, end-use sector, and geography. Based on resin type, market is segmented as rigid axles, drive steer axles, and non-drive steer axles. Based on flooring material, market is segmented as concrete, mortar, terrazzo, and others. In terms of technology, market is segmented as water-borne and solvent-borne. Based on end-use sector, market is segmented as manufacturing, aviation and transportation, food processing, science and technology, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial floor coating market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial floor coating market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Industrial floor coating market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 effecting the industrial floor coating 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 overview and forecast of the global industrial floor coating market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial floor coating market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Industrial floor coating market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 effecting the industrial floor coating market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial floor coating market 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 partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial floor coating market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial floor coating market. Below mentioned is the list of few companies engaged in the industrial floor coating market.
The report also includes the profiles of key industrial floor coating market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- 3M
- Akzo Nobel N.V.
- Asian Paints Ltd.
- BASF SE
- Florock
- MBCC Group
- PPG Industries Ohio, Inc.
- RPM International Inc.
- The Sherwin-Williams Company
- Thermal-Chem Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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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
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Floor Coating Market - By Resin Type
1.3.2 Industrial Floor Coating Market - By Flooring Material
1.3.3 Industrial Floor Coating Market - By Technology
1.3.4 Industrial Floor Coating Market - By End-Use Sector
1.3.5 Industrial Floor Coating Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL FLOOR COATING 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INDUSTRIAL FLOOR COATING 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 FLOOR COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL FLOOR COATING - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL FLOOR COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL FLOOR COATING 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. POLYURETHANE
7.4.1. Overview
7.4.2. Polyurethane Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - FLOORING MATERIAL
8.1. OVERVIEW
8.2. FLOORING MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. CONCRETE
8.3.1. Overview
8.3.2. Concrete Market Forecast and Analysis
8.4. MORTAR
8.4.1. Overview
8.4.2. Mortar Market Forecast and Analysis
8.5. TERRAZZO
8.5.1. Overview
8.5.2. Terrazzo Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. WATER-BORNE
9.3.1. Overview
9.3.2. Water-Borne Market Forecast and Analysis
9.4. SOLVENT-BORNE
9.4.1. Overview
9.4.2. Solvent-Borne Market Forecast and Analysis
10. INDUSTRIAL FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - END-USE SECTOR
10.1. OVERVIEW
10.2. END-USE SECTOR MARKET FORECASTS AND ANALYSIS
10.3. MANUFACTURING
10.3.1. Overview
10.3.2. Manufacturing Market Forecast and Analysis
10.4. AVIATION AND TRANSPORTATION
10.4.1. Overview
10.4.2. Aviation and Transportation Market Forecast and Analysis
10.5. FOOD PROCESSING
10.5.1. Overview
10.5.2. Food Processing Market Forecast and Analysis
10.6. SCIENCE AND TECHNOLOGY
10.6.1. Overview
10.6.2. Science and Technology Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. INDUSTRIAL FLOOR COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Industrial Floor Coating Market Overview
11.1.2 North America Industrial Floor Coating Market Forecasts and Analysis
11.1.3 North America Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.1.4 North America Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.1.5 North America Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.1.6 North America Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.1.7 North America Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.1.7.1 United States Industrial Floor Coating Market
11.1.7.1.1 United States Industrial Floor Coating Market by Resin Type
11.1.7.1.2 United States Industrial Floor Coating Market by Flooring Material
11.1.7.1.3 United States Industrial Floor Coating Market by Technology
11.1.7.1.4 United States Industrial Floor Coating Market by End-Use Sector
11.1.7.2 Canada Industrial Floor Coating Market
11.1.7.2.1 Canada Industrial Floor Coating Market by Resin Type
11.1.7.2.2 Canada Industrial Floor Coating Market by Flooring Material
11.1.7.2.3 Canada Industrial Floor Coating Market by Technology
11.1.7.2.4 Canada Industrial Floor Coating Market by End-Use Sector
11.1.7.3 Mexico Industrial Floor Coating Market
11.1.7.3.1 Mexico Industrial Floor Coating Market by Resin Type
11.1.7.3.2 Mexico Industrial Floor Coating Market by Flooring Material
11.1.7.3.3 Mexico Industrial Floor Coating Market by Technology
11.1.7.3.4 Mexico Industrial Floor Coating Market by End-Use Sector
11.2. EUROPE
11.2.1 Europe Industrial Floor Coating Market Overview
11.2.2 Europe Industrial Floor Coating Market Forecasts and Analysis
11.2.3 Europe Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.2.4 Europe Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.2.5 Europe Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.2.6 Europe Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.2.7 Europe Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Industrial Floor Coating Market
11.2.7.1.1 Germany Industrial Floor Coating Market by Resin Type
11.2.7.1.2 Germany Industrial Floor Coating Market by Flooring Material
11.2.7.1.3 Germany Industrial Floor Coating Market by Technology
11.2.7.1.4 Germany Industrial Floor Coating Market by End-Use Sector
11.2.7.2 France Industrial Floor Coating Market
11.2.7.2.1 France Industrial Floor Coating Market by Resin Type
11.2.7.2.2 France Industrial Floor Coating Market by Flooring Material
11.2.7.2.3 France Industrial Floor Coating Market by Technology
11.2.7.2.4 France Industrial Floor Coating Market by End-Use Sector
11.2.7.3 Italy Industrial Floor Coating Market
11.2.7.3.1 Italy Industrial Floor Coating Market by Resin Type
11.2.7.3.2 Italy Industrial Floor Coating Market by Flooring Material
11.2.7.3.3 Italy Industrial Floor Coating Market by Technology
11.2.7.3.4 Italy Industrial Floor Coating Market by End-Use Sector
11.2.7.4 United Kingdom Industrial Floor Coating Market
11.2.7.4.1 United Kingdom Industrial Floor Coating Market by Resin Type
11.2.7.4.2 United Kingdom Industrial Floor Coating Market by Flooring Material
11.2.7.4.3 United Kingdom Industrial Floor Coating Market by Technology
11.2.7.4.4 United Kingdom Industrial Floor Coating Market by End-Use Sector
11.2.7.5 Russia Industrial Floor Coating Market
11.2.7.5.1 Russia Industrial Floor Coating Market by Resin Type
11.2.7.5.2 Russia Industrial Floor Coating Market by Flooring Material
11.2.7.5.3 Russia Industrial Floor Coating Market by Technology
11.2.7.5.4 Russia Industrial Floor Coating Market by End-Use Sector
11.2.7.6 Rest of Europe Industrial Floor Coating Market
11.2.7.6.1 Rest of Europe Industrial Floor Coating Market by Resin Type
11.2.7.6.2 Rest of Europe Industrial Floor Coating Market by Flooring Material
11.2.7.6.3 Rest of Europe Industrial Floor Coating Market by Technology
11.2.7.6.4 Rest of Europe Industrial Floor Coating Market by End-Use Sector
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Industrial Floor Coating Market Overview
11.3.2 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis
11.3.3 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.3.4 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.3.5 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.3.6 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.3.7 Asia-Pacific Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Industrial Floor Coating Market
11.3.7.1.1 Australia Industrial Floor Coating Market by Resin Type
11.3.7.1.2 Australia Industrial Floor Coating Market by Flooring Material
11.3.7.1.3 Australia Industrial Floor Coating Market by Technology
11.3.7.1.4 Australia Industrial Floor Coating Market by End-Use Sector
11.3.7.2 China Industrial Floor Coating Market
11.3.7.2.1 China Industrial Floor Coating Market by Resin Type
11.3.7.2.2 China Industrial Floor Coating Market by Flooring Material
11.3.7.2.3 China Industrial Floor Coating Market by Technology
11.3.7.2.4 China Industrial Floor Coating Market by End-Use Sector
11.3.7.3 India Industrial Floor Coating Market
11.3.7.3.1 India Industrial Floor Coating Market by Resin Type
11.3.7.3.2 India Industrial Floor Coating Market by Flooring Material
11.3.7.3.3 India Industrial Floor Coating Market by Technology
11.3.7.3.4 India Industrial Floor Coating Market by End-Use Sector
11.3.7.4 Japan Industrial Floor Coating Market
11.3.7.4.1 Japan Industrial Floor Coating Market by Resin Type
11.3.7.4.2 Japan Industrial Floor Coating Market by Flooring Material
11.3.7.4.3 Japan Industrial Floor Coating Market by Technology
11.3.7.4.4 Japan Industrial Floor Coating Market by End-Use Sector
11.3.7.5 South Korea Industrial Floor Coating Market
11.3.7.5.1 South Korea Industrial Floor Coating Market by Resin Type
11.3.7.5.2 South Korea Industrial Floor Coating Market by Flooring Material
11.3.7.5.3 South Korea Industrial Floor Coating Market by Technology
11.3.7.5.4 South Korea Industrial Floor Coating Market by End-Use Sector
11.3.7.6 Rest of Asia-Pacific Industrial Floor Coating Market
11.3.7.6.1 Rest of Asia-Pacific Industrial Floor Coating Market by Resin Type
11.3.7.6.2 Rest of Asia-Pacific Industrial Floor Coating Market by Flooring Material
11.3.7.6.3 Rest of Asia-Pacific Industrial Floor Coating Market by Technology
11.3.7.6.4 Rest of Asia-Pacific Industrial Floor Coating Market by End-Use Sector
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Industrial Floor Coating Market Overview
11.4.2 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis
11.4.3 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.4.4 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.4.5 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.4.6 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.4.7 Middle East and Africa Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Industrial Floor Coating Market
11.4.7.1.1 South Africa Industrial Floor Coating Market by Resin Type
11.4.7.1.2 South Africa Industrial Floor Coating Market by Flooring Material
11.4.7.1.3 South Africa Industrial Floor Coating Market by Technology
11.4.7.1.4 South Africa Industrial Floor Coating Market by End-Use Sector
11.4.7.2 Saudi Arabia Industrial Floor Coating Market
11.4.7.2.1 Saudi Arabia Industrial Floor Coating Market by Resin Type
11.4.7.2.2 Saudi Arabia Industrial Floor Coating Market by Flooring Material
11.4.7.2.3 Saudi Arabia Industrial Floor Coating Market by Technology
11.4.7.2.4 Saudi Arabia Industrial Floor Coating Market by End-Use Sector
11.4.7.3 U.A.E Industrial Floor Coating Market
11.4.7.3.1 U.A.E Industrial Floor Coating Market by Resin Type
11.4.7.3.2 U.A.E Industrial Floor Coating Market by Flooring Material
11.4.7.3.3 U.A.E Industrial Floor Coating Market by Technology
11.4.7.3.4 U.A.E Industrial Floor Coating Market by End-Use Sector
11.4.7.4 Rest of Middle East and Africa Industrial Floor Coating Market
11.4.7.4.1 Rest of Middle East and Africa Industrial Floor Coating Market by Resin Type
11.4.7.4.2 Rest of Middle East and Africa Industrial Floor Coating Market by Flooring Material
11.4.7.4.3 Rest of Middle East and Africa Industrial Floor Coating Market by Technology
11.4.7.4.4 Rest of Middle East and Africa Industrial Floor Coating Market by End-Use Sector
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Industrial Floor Coating Market Overview
11.5.2 South and Central America Industrial Floor Coating Market Forecasts and Analysis
11.5.3 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Resin Type
11.5.4 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Flooring Material
11.5.5 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Technology
11.5.6 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By End-Use Sector
11.5.7 South and Central America Industrial Floor Coating Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Industrial Floor Coating Market
11.5.7.1.1 Brazil Industrial Floor Coating Market by Resin Type
11.5.7.1.2 Brazil Industrial Floor Coating Market by Flooring Material
11.5.7.1.3 Brazil Industrial Floor Coating Market by Technology
11.5.7.1.4 Brazil Industrial Floor Coating Market by End-Use Sector
11.5.7.2 Argentina Industrial Floor Coating Market
11.5.7.2.1 Argentina Industrial Floor Coating Market by Resin Type
11.5.7.2.2 Argentina Industrial Floor Coating Market by Flooring Material
11.5.7.2.3 Argentina Industrial Floor Coating Market by Technology
11.5.7.2.4 Argentina Industrial Floor Coating Market by End-Use Sector
11.5.7.3 Rest of South and Central America Industrial Floor Coating Market
11.5.7.3.1 Rest of South and Central America Industrial Floor Coating Market by Resin Type
11.5.7.3.2 Rest of South and Central America Industrial Floor Coating Market by Flooring Material
11.5.7.3.3 Rest of South and Central America Industrial Floor Coating Market by Technology
11.5.7.3.4 Rest of South and Central America Industrial Floor Coating Market by End-Use Sector
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 FLOOR COATING MARKET, KEY COMPANY PROFILES
13.1. 3M
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. AKZO NOBEL N.V.
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. ASIAN PAINTS LTD.
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. BASF SE
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. FLOROCK
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. MBCC GROUP
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. PPG INDUSTRIES OHIO, INC.
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. RPM INTERNATIONAL INC.
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. THE SHERWIN-WILLIAMS COMPANY
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. THERMAL-CHEM CORPORATION
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
The List of Companies
1. 3M
2. Akzo Nobel N.V.
3. Asian Paints Ltd.
4. BASF SE
5. Florock
6. MBCC Group
7. PPG Industries Ohio, Inc.
8. RPM International Inc.
9. The Sherwin-Williams Company
10. Thermal-Chem Corporation
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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