The Laminating Adhesives Market is expected to register a CAGR of 5% 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 resin type (epoxy, polyurethane, acrylic, phenolic and others) and technology (water-based, solvent-based, hot melt and UV curable). The report further presents analysis based on end-use industry (automotive and transportation, packaging, building and construction, woodworking and others).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 Laminating 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.
Laminating Adhesives Market Segmentation
Resin Type- Epoxy
- Polyurethane
- Acrylic
- Phenolic and Others
- Water-Based
- Solvent-Based
- Hot Melt and UV Curable
- Automotive and Transportation
- Packaging
- Building and Construction
- Woodworking and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Laminating Adhesives Market Growth Drivers- The Growing Role of Laminating Adhesives in the Packaging Sector: The volume of laminating adhesives utilized in the packing sector can hardly be stressed. Due to present day efforts on product security, product shelf life, and convenience of the consumers, the manufacturers are turning to laminated products. Laminates, the adhesives, play a major role by providing additional barrier properties, which helps keep away moisture, oxygen and UV rays from affecting the internal contents. Furthermore, with the growing popularity of e-commerce, attractive packaging that keeps the contents safe in the course of distribution is in great demand, leading to an upsurge in the need for high-performance laminating adhesives; hence this sector is a major propeller to the growth of the market.
- Laminating Adhesives in the Automotive Industry: Laminating adhesives are also used in a widening range of applications within the automotive sector, whether interior or exterior parts structural bonding or assembly rubbings. Mover towards strengthening structures without increasing the heft, considering most industries are turning their operations and components friendly in environmental matters is why there is an increasing use of laminated adhesives that join different materials such as metals plastic and composite materials. With the increase in the usage of electric vehicles EVs shortly, the requirement for sophisticated bonding systems to address rather difficult bonding conditions is anticipated to increase, thereby advancing the market of laminating adhesives.
- Laminating Adhesives in Electronics Fueling Growth in Consumer Devices: In addition to this, lamination adhesives are extensively used in the electronics industry too, and constitute a significant market for growth of the laminating adhesives market. Manufacturing of Electronics is generally characterized by the encumbering of complex configurations within small dimensions, hence the advantage in strength with reduced weight and also temperature resistive adhesives, which are called so, are minutely more significant. These laminating adhesives are used in the assemblage of flexible circuit board displays and for coating delicate parts. The rising demand for consumer electronics such as mobile phones, tabs, and wearable devices is likely to provide more opportunities for laminating adhesives in this segment.
- The Shift Towards Eco-Friendly Laminating Adhesives in Response to Sustainability Demands: Given the rise of environmental awareness among consumers and regulators, it is clear that there is a growing tendency to produce greener laminating adhesives. Manufacturers are aiming at developing adhesives that contain low. Volatile organic compounds (VOCs) and can be sourced from bio-based materials. These products are designed to reduce the environmental burden and fulfill the needs of consumers who seek green packing methods. The transition to eco-friendly adhesives is becoming an added benefit to companies wishing to fit in with market preferences towards sustainability.
- Advancements in Laminating Adhesives: New developments of laminating adhesives have brought more enhanced performance characteristics such as higher resistance to heat exposure, moisture barrier and adhesion strength geographies within the packaging tapes range. Some manufacturers are researching and developing design functional bonding agents for designated application areas such as vehicles under extreme heat and food packaging where humidity is highly controlled. This is made possible by introducing laminating adhesives, which can perform to the maximum in various industries, thus increasing the market.
- The Rise of Smart Laminating Adhesives: The use of smart technologies within the laminating adhesives is also an active trend. The manufacturers are working on smart adhesives, allowing the bond to be monitored in real-time for its integrity and performance. Such adhesives can be equipped with sensors in the bond line that monitor temperature, humidity, or mechanical stress to provide helpful information about the product's behavior. Hence smart adhesive solutions tend to increase the quality management of the products and improve users' reliability.
- Expanding Market Opportunities for Laminating Adhesives in Emerging Regions: The laminating adhesives market is a key market for manufacturers of laminating adhesives, especially those intent on diversifying their geographical scope. The Asia-Pacific region, Latin America, and Africa offer vast emerging markets that laminating adhesive producers can tap into. These regions are experiencing rapid industrialization, urbanization, and growth in disposable incomes, thus increasing the demand for packaging, automotive, and electronic goods. These and more strategies will allow companies to enter and earn revenue from these markets by building up the demand for laminating adhesives, opening up regional production facilities, and collaborating with local distributors.
- Customization as a Growth Driver in the Laminating Adhesives Market: The focus on customization is a key trend that presents excellent growth opportunities for the laminating adhesives market. Hence, manufacturers can create and market new adhesive formulations designed for food packing, automotive interior attachments, or electronic assembly glues. Providing individual solutions for various Industries allows companies to compete more effectively in the market and foster customer retention.
- Enhancing Innovation and Market Access for Laminating Adhesives: It can benefit manufacturers of laminating adhesives to make strategic alliances with critical intelligent ladder end-use industries hardware, such as packaging, automotive, and electronics. Such partnership with major companies in their respective industries enhances knowledge, encourage innovation and help reach the markets. When manufacturers engage their customers in developing new and improved adhesive products, they can create products responsive to the prevailing trends and consumer needs, resulting in a competitive edge.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Laminating 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 Laminating 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Advancement in performance attributes of laminating adhesives is expected to be the key market trends
On the basis of geography, the laminating adhesives market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
3M Co; Arkema; Coim Group; DIC Corporation; H.B.Fuller are some of the key players operating in the laminating adhesives market
Growing demand in the packaging industry is driving the market growth
The Laminating Adhesives Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Laminating Adhesive Market - By Technology Type
1.3.2 Laminating Adhesive Market - By Resin Type
1.3.3 Laminating Adhesive Market - By End-Use Industry
1.3.4 Laminating Adhesive Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LAMINATING ADHESIVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. LAMINATING ADHESIVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LAMINATING ADHESIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. LAMINATING ADHESIVE - GLOBAL MARKET OVERVIEW
6.2. LAMINATING ADHESIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LAMINATING ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY TYPE
7.1. OVERVIEW
7.2. TECHNOLOGY TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOLVENT-BASED
7.3.1. Overview
7.3.2. Solvent-Based Market Forecast and Analysis
7.4. SOLVENTLESS
7.4.1. Overview
7.4.2. Solventless Market Forecast and Analysis
7.5. WATER-BASED
7.5.1. Overview
7.5.2. Water-Based Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. LAMINATING ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
8.1. OVERVIEW
8.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
8.3. POLYURETHANE
8.3.1. Overview
8.3.2. Polyurethane Market Forecast and Analysis
8.4. ACRYLIC
8.4.1. Overview
8.4.2. Acrylic Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LAMINATING ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. PACKAGING
9.3.1. Overview
9.3.2. Packaging Market Forecast and Analysis
9.4. INDUSTRIAL
9.4.1. Overview
9.4.2. Industrial Market Forecast and Analysis
9.5. AUTOMOTIVE AND TRANSPORTATION
9.5.1. Overview
9.5.2. Automotive and Transportation Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. LAMINATING ADHESIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Laminating Adhesive Market Overview
10.1.2 North America Laminating Adhesive Market Forecasts and Analysis
10.1.3 North America Laminating Adhesive Market Forecasts and Analysis - By Technology Type
10.1.4 North America Laminating Adhesive Market Forecasts and Analysis - By Resin Type
10.1.5 North America Laminating Adhesive Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Laminating Adhesive Market Forecasts and Analysis - By Countries
10.1.6.1 United States Laminating Adhesive Market
10.1.6.1.1 United States Laminating Adhesive Market by Technology Type
10.1.6.1.2 United States Laminating Adhesive Market by Resin Type
10.1.6.1.3 United States Laminating Adhesive Market by End-Use Industry
10.1.6.2 Canada Laminating Adhesive Market
10.1.6.2.1 Canada Laminating Adhesive Market by Technology Type
10.1.6.2.2 Canada Laminating Adhesive Market by Resin Type
10.1.6.2.3 Canada Laminating Adhesive Market by End-Use Industry
10.1.6.3 Mexico Laminating Adhesive Market
10.1.6.3.1 Mexico Laminating Adhesive Market by Technology Type
10.1.6.3.2 Mexico Laminating Adhesive Market by Resin Type
10.1.6.3.3 Mexico Laminating Adhesive Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Laminating Adhesive Market Overview
10.2.2 Europe Laminating Adhesive Market Forecasts and Analysis
10.2.3 Europe Laminating Adhesive Market Forecasts and Analysis - By Technology Type
10.2.4 Europe Laminating Adhesive Market Forecasts and Analysis - By Resin Type
10.2.5 Europe Laminating Adhesive Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Laminating Adhesive Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Laminating Adhesive Market
10.2.6.1.1 Germany Laminating Adhesive Market by Technology Type
10.2.6.1.2 Germany Laminating Adhesive Market by Resin Type
10.2.6.1.3 Germany Laminating Adhesive Market by End-Use Industry
10.2.6.2 France Laminating Adhesive Market
10.2.6.2.1 France Laminating Adhesive Market by Technology Type
10.2.6.2.2 France Laminating Adhesive Market by Resin Type
10.2.6.2.3 France Laminating Adhesive Market by End-Use Industry
10.2.6.3 Italy Laminating Adhesive Market
10.2.6.3.1 Italy Laminating Adhesive Market by Technology Type
10.2.6.3.2 Italy Laminating Adhesive Market by Resin Type
10.2.6.3.3 Italy Laminating Adhesive Market by End-Use Industry
10.2.6.4 United Kingdom Laminating Adhesive Market
10.2.6.4.1 United Kingdom Laminating Adhesive Market by Technology Type
10.2.6.4.2 United Kingdom Laminating Adhesive Market by Resin Type
10.2.6.4.3 United Kingdom Laminating Adhesive Market by End-Use Industry
10.2.6.5 Russia Laminating Adhesive Market
10.2.6.5.1 Russia Laminating Adhesive Market by Technology Type
10.2.6.5.2 Russia Laminating Adhesive Market by Resin Type
10.2.6.5.3 Russia Laminating Adhesive Market by End-Use Industry
10.2.6.6 Rest of Europe Laminating Adhesive Market
10.2.6.6.1 Rest of Europe Laminating Adhesive Market by Technology Type
10.2.6.6.2 Rest of Europe Laminating Adhesive Market by Resin Type
10.2.6.6.3 Rest of Europe Laminating Adhesive Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Laminating Adhesive Market Overview
10.3.2 Asia-Pacific Laminating Adhesive Market Forecasts and Analysis
10.3.3 Asia-Pacific Laminating Adhesive Market Forecasts and Analysis - By Technology Type
10.3.4 Asia-Pacific Laminating Adhesive Market Forecasts and Analysis - By Resin Type
10.3.5 Asia-Pacific Laminating Adhesive Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Laminating Adhesive Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Laminating Adhesive Market
10.3.6.1.1 Australia Laminating Adhesive Market by Technology Type
10.3.6.1.2 Australia Laminating Adhesive Market by Resin Type
10.3.6.1.3 Australia Laminating Adhesive Market by End-Use Industry
10.3.6.2 China Laminating Adhesive Market
10.3.6.2.1 China Laminating Adhesive Market by Technology Type
10.3.6.2.2 China Laminating Adhesive Market by Resin Type
10.3.6.2.3 China Laminating Adhesive Market by End-Use Industry
10.3.6.3 India Laminating Adhesive Market
10.3.6.3.1 India Laminating Adhesive Market by Technology Type
10.3.6.3.2 India Laminating Adhesive Market by Resin Type
10.3.6.3.3 India Laminating Adhesive Market by End-Use Industry
10.3.6.4 Japan Laminating Adhesive Market
10.3.6.4.1 Japan Laminating Adhesive Market by Technology Type
10.3.6.4.2 Japan Laminating Adhesive Market by Resin Type
10.3.6.4.3 Japan Laminating Adhesive Market by End-Use Industry
10.3.6.5 South Korea Laminating Adhesive Market
10.3.6.5.1 South Korea Laminating Adhesive Market by Technology Type
10.3.6.5.2 South Korea Laminating Adhesive Market by Resin Type
10.3.6.5.3 South Korea Laminating Adhesive Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Laminating Adhesive Market
10.3.6.6.1 Rest of Asia-Pacific Laminating Adhesive Market by Technology Type
10.3.6.6.2 Rest of Asia-Pacific Laminating Adhesive Market by Resin Type
10.3.6.6.3 Rest of Asia-Pacific Laminating Adhesive Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Laminating Adhesive Market Overview
10.4.2 Middle East and Africa Laminating Adhesive Market Forecasts and Analysis
10.4.3 Middle East and Africa Laminating Adhesive Market Forecasts and Analysis - By Technology Type
10.4.4 Middle East and Africa Laminating Adhesive Market Forecasts and Analysis - By Resin Type
10.4.5 Middle East and Africa Laminating Adhesive Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Laminating Adhesive Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Laminating Adhesive Market
10.4.6.1.1 South Africa Laminating Adhesive Market by Technology Type
10.4.6.1.2 South Africa Laminating Adhesive Market by Resin Type
10.4.6.1.3 South Africa Laminating Adhesive Market by End-Use Industry
10.4.6.2 Saudi Arabia Laminating Adhesive Market
10.4.6.2.1 Saudi Arabia Laminating Adhesive Market by Technology Type
10.4.6.2.2 Saudi Arabia Laminating Adhesive Market by Resin Type
10.4.6.2.3 Saudi Arabia Laminating Adhesive Market by End-Use Industry
10.4.6.3 U.A.E Laminating Adhesive Market
10.4.6.3.1 U.A.E Laminating Adhesive Market by Technology Type
10.4.6.3.2 U.A.E Laminating Adhesive Market by Resin Type
10.4.6.3.3 U.A.E Laminating Adhesive Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Laminating Adhesive Market
10.4.6.4.1 Rest of Middle East and Africa Laminating Adhesive Market by Technology Type
10.4.6.4.2 Rest of Middle East and Africa Laminating Adhesive Market by Resin Type
10.4.6.4.3 Rest of Middle East and Africa Laminating Adhesive Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Laminating Adhesive Market Overview
10.5.2 South and Central America Laminating Adhesive Market Forecasts and Analysis
10.5.3 South and Central America Laminating Adhesive Market Forecasts and Analysis - By Technology Type
10.5.4 South and Central America Laminating Adhesive Market Forecasts and Analysis - By Resin Type
10.5.5 South and Central America Laminating Adhesive Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Laminating Adhesive Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Laminating Adhesive Market
10.5.6.1.1 Brazil Laminating Adhesive Market by Technology Type
10.5.6.1.2 Brazil Laminating Adhesive Market by Resin Type
10.5.6.1.3 Brazil Laminating Adhesive Market by End-Use Industry
10.5.6.2 Argentina Laminating Adhesive Market
10.5.6.2.1 Argentina Laminating Adhesive Market by Technology Type
10.5.6.2.2 Argentina Laminating Adhesive Market by Resin Type
10.5.6.2.3 Argentina Laminating Adhesive Market by End-Use Industry
10.5.6.3 Rest of South and Central America Laminating Adhesive Market
10.5.6.3.1 Rest of South and Central America Laminating Adhesive Market by Technology Type
10.5.6.3.2 Rest of South and Central America Laminating Adhesive Market by Resin Type
10.5.6.3.3 Rest of South and Central America Laminating Adhesive Market by End-Use 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. LAMINATING ADHESIVE MARKET, KEY COMPANY PROFILES
12.1. 3M
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. ARKEMA (BOSTIK)
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. ASHLAND INC.
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. COIM GROUP
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. DIC CORPORATION
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. DOWDUPONT INC.
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. FLINT GROUP
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. H.B. FULLER COMPANY
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. HENKEL AG AND CO. KGAA
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. VIMASCO CORPORATION
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
2. Arkema (Bostik)
3. Ashland Inc.
4. Coim Group
5. DIC Corporation
6. Dowdupont Inc.
7. Flint Group
8. H.B. Fuller Company
9. Henkel AG and Co. KGaA
10. Vimasco 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.
Get Free Sample For