Latex Binders Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Latex Binders Market covers analysis By Type (Styrene Acrylic, Styrene Butadiene, Others); End Use Industry (Adhesives and Sealants, Paints and Coatings, Paper and Paperboard, Construction, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00025380
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Latex Binders Market Scope and Size by 2031

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The Latex Binders 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 report is segmented by type (styrene acrylic and styrene butadiene). The report further presents analysis based on end-use industry (paints and coatings, adhesives and sealants, paper and paperboard, textiles, construction 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 Report

The report Latex Binders 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.

Latex Binders Market Segmentation

Type
  • Styrene Acrylic and Styrene Butadiene
End-Use Industry
  • Paints and Coatings
  • Adhesives and Sealants
  • Paper and Paperboard
  • Textiles
  • Construction and Others

Strategic Insights

Latex Binders Market Growth Drivers
  • The Role of Latex Binders in the Growing Construction Sector: The construction sector is one of the most significant markets for latex binders. It can be observed from the current trends that urbanization and infrastructure are increasing globally, which in turn leads to an increasing demand for superior-quality building elements. Latex binders are widely used to manufacture paints, slurries, dew point management liquids, floor coverings, etc. Such materials are excellent for many construction applications due to their adhesion and flexibility characteristics. Moreover, the shifting preference for green and sustainable construction materials also results in higher consumption of latex binders sourced from bio-based raw materials.
  • Latex Binders in Adhesives and Sealants: Another trend that fosters the upward growth of the latex binders market is the adhesive and sealants industry. Lightweight and high-performance adhesives are increasingly in demand in the automotive, packaging, and woodworking industries, which has led to the increased use of latex binders. These binders improve adhesives due to their excellent bonding strength and flexibility. Given that most industries are concerned with enhancing the quality of the products and lowering their weight, the consumption levels of latex-based adhesives are anticipated to experience a substantial increase.
  • Sustainability and Eco-Friendly Practices Fueling the Demand for Water-Based Latex Binders: Deteriorating conditions of the environment and consumers' preference for sustainable products are some of the most important factors propelling the growth of the latex binders market. Most manufacturers opt for water-based latex binders that exhibit lower emissions of volatile organic compounds (VOCs). These eco-friendly binders comply with laws and suit users' demand for green products. The transformation of numerous industries to incorporate green chemistry and sustainable practices also leads to increased utilization of latex binders made from renewable materials.
Latex Binders Market Future Trends
  • The Shift Towards Bio-Based Latex Binders: Several manufacturers are shifting towards bio-based latex binders to meet the increasing demand for sustainable alternatives to traditional synthetic binders. Studies and efforts are being made to formulate latex binders, mainly with plant-derived polymers and natural rubber. Besides being eco-friendly, these bio-based binders are non-inferior in functionality to their synthetic variants. Such a development is in tandem with the expanding range of industries that appreciate the availability of sustainable products, thereby driving market growth.
  • Innovative Polymer Technologies Enhancing Latex Binders for Specialized Applications: The last few years have witnessed the evolution of new polymer materials that may be used to manufacture latex binders. It is now possible to produce latex binders with increased adhesiveness and environmental resistance using various means, such as nanotechnology and high-activity polymerization. These technologies enable producers to develop tailored latex binders according to the needs of the different applications, such as heat resistance in automotive paint systems and resistance to water in building materials.
  • Customization in Latex Binders: Changing consumer behavior with an increasing thirst for specific solutions and easy accessibility is a significant factor contributing to the drive toward customization of products and their formulation in the latex binders market. The manufacturers are helping customers to come up with the types of latex binders that satisfy operational requirements. This allows companies to find a way of competing in the markets and establishing good nets of clients. On the other hand, this development helps to invent new products and specialized latex binders for specific needs such as functional coatings and textiles.
Latex Binders Market Opportunities
  • Expanding Opportunities for Latex Binders in Developing Regions: The market for latex based adhesives, binders and compounds has considerable potential for expansion in several developing regions, especially Asia Pacific, Latin America, and the Middle East. The high demand for construction materials, adhesives, and coatings is being fueled by a rapid expansion of industrialization, urbanization and disposable incomes in these regions. Companies should take advantage of the existing opportunity by setting up plants and supply chains in these areas in order to satisfy the rising demand for latex binders.
  • Green Building Initiatives Driving Demand for Sustainable Latex Binders in Construction: As environmental issues are gaining a lot of attention, opportunities for latex binders arise as a result of increased focus on green building and sustainable construction. It is possible for manufacturers to create such latex binders that would fulfil the prerequisites of the green buildings certification, such as the LEED (Leadership in Energy and Environmental Design) rating. While it is a challenge now for many companies, adopting such business strategies can improve their competitiveness due to increased demand for such solutions from the customers who care about the environment
  • Smart Technologies and Innovation in Latex Binders: The applications of smart technologies in latex materials and products is opened new age of product development. For example, such latex based coatings can be fitted with sensors for monitoring environmental parameters such as temperature and moisture in real time. Also, self-healing latex (and other polymer-based) binders, which will autonomously repair any damage done to them, are bound to create new paradigms in industries as diverse as construction and automotive. Such new products facilitate product diversification by manufacturers eager to offer something new to their customers who are ever changing in their needs.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Latex Binders 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 Latex Binders 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
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the Latex Binders Market ?

The Latex Binders Market is estimated to witness a CAGR of 5% from 2023 to 2031

What are the driving factors impacting the latex binders market?

Growth of the adhesives and sealants industry is driving the market growth

What are the key players operating in the latex binders market?

BASF SE; Trinseo; Wacker Chemie AG; Arkema SA; Celanese Corporation are some of the key players operating in the latex binders market

Which regions are covered in the report?

On the basis of geography, the latex binders market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America

What are the deliverable formats of the latex binders market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

What is the future trend for latex binders market?

Development of bio-based latex binders is expected to be the key market trends

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 Latex Binders Market - By Type
1.3.2 Latex Binders Market - By End Use Industry
1.3.3 Latex Binders Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LATEX BINDERS 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. LATEX BINDERS 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. LATEX BINDERS MARKET - GLOBAL MARKET ANALYSIS
6.1. LATEX BINDERS - GLOBAL MARKET OVERVIEW
6.2. LATEX BINDERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. LATEX BINDERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STYRENE ACRYLIC
7.3.1. Overview
7.3.2. Styrene Acrylic Market Forecast and Analysis
7.4. STYRENE BUTADIENE
7.4.1. Overview
7.4.2. Styrene Butadiene Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. LATEX BINDERS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. ADHESIVES AND SEALANTS
8.3.1. Overview
8.3.2. Adhesives and Sealants Market Forecast and Analysis
8.4. PAINTS AND COATINGS
8.4.1. Overview
8.4.2. Paints and Coatings Market Forecast and Analysis
8.5. PAPER AND PAPERBOARD
8.5.1. Overview
8.5.2. Paper and Paperboard Market Forecast and Analysis
8.6. CONSTRUCTION
8.6.1. Overview
8.6.2. Construction Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. LATEX BINDERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Latex Binders Market Overview
9.1.2 North America Latex Binders Market Forecasts and Analysis
9.1.3 North America Latex Binders Market Forecasts and Analysis - By Type
9.1.4 North America Latex Binders Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Latex Binders Market Forecasts and Analysis - By Countries
9.1.5.1 United States Latex Binders Market
9.1.5.1.1 United States Latex Binders Market by Type
9.1.5.1.2 United States Latex Binders Market by End Use Industry
9.1.5.2 Canada Latex Binders Market
9.1.5.2.1 Canada Latex Binders Market by Type
9.1.5.2.2 Canada Latex Binders Market by End Use Industry
9.1.5.3 Mexico Latex Binders Market
9.1.5.3.1 Mexico Latex Binders Market by Type
9.1.5.3.2 Mexico Latex Binders Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Latex Binders Market Overview
9.2.2 Europe Latex Binders Market Forecasts and Analysis
9.2.3 Europe Latex Binders Market Forecasts and Analysis - By Type
9.2.4 Europe Latex Binders Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Latex Binders Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Latex Binders Market
9.2.5.1.1 Germany Latex Binders Market by Type
9.2.5.1.2 Germany Latex Binders Market by End Use Industry
9.2.5.2 France Latex Binders Market
9.2.5.2.1 France Latex Binders Market by Type
9.2.5.2.2 France Latex Binders Market by End Use Industry
9.2.5.3 Italy Latex Binders Market
9.2.5.3.1 Italy Latex Binders Market by Type
9.2.5.3.2 Italy Latex Binders Market by End Use Industry
9.2.5.4 Spain Latex Binders Market
9.2.5.4.1 Spain Latex Binders Market by Type
9.2.5.4.2 Spain Latex Binders Market by End Use Industry
9.2.5.5 United Kingdom Latex Binders Market
9.2.5.5.1 United Kingdom Latex Binders Market by Type
9.2.5.5.2 United Kingdom Latex Binders Market by End Use Industry
9.2.5.6 Russia Latex Binders Market
9.2.5.6.1 Russia Latex Binders Market by Type
9.2.5.6.2 Russia Latex Binders Market by End Use Industry
9.2.5.7 Rest of Europe Latex Binders Market
9.2.5.7.1 Rest of Europe Latex Binders Market by Type
9.2.5.7.2 Rest of Europe Latex Binders Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Latex Binders Market Overview
9.3.2 Asia-Pacific Latex Binders Market Forecasts and Analysis
9.3.3 Asia-Pacific Latex Binders Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Latex Binders Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Latex Binders Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Latex Binders Market
9.3.5.1.1 Australia Latex Binders Market by Type
9.3.5.1.2 Australia Latex Binders Market by End Use Industry
9.3.5.2 China Latex Binders Market
9.3.5.2.1 China Latex Binders Market by Type
9.3.5.2.2 China Latex Binders Market by End Use Industry
9.3.5.3 India Latex Binders Market
9.3.5.3.1 India Latex Binders Market by Type
9.3.5.3.2 India Latex Binders Market by End Use Industry
9.3.5.4 Japan Latex Binders Market
9.3.5.4.1 Japan Latex Binders Market by Type
9.3.5.4.2 Japan Latex Binders Market by End Use Industry
9.3.5.5 South Korea Latex Binders Market
9.3.5.5.1 South Korea Latex Binders Market by Type
9.3.5.5.2 South Korea Latex Binders Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Latex Binders Market
9.3.5.6.1 Rest of Asia-Pacific Latex Binders Market by Type
9.3.5.6.2 Rest of Asia-Pacific Latex Binders Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Latex Binders Market Overview
9.4.2 Middle East and Africa Latex Binders Market Forecasts and Analysis
9.4.3 Middle East and Africa Latex Binders Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Latex Binders Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Latex Binders Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Latex Binders Market
9.4.5.1.1 South Africa Latex Binders Market by Type
9.4.5.1.2 South Africa Latex Binders Market by End Use Industry
9.4.5.2 Saudi Arabia Latex Binders Market
9.4.5.2.1 Saudi Arabia Latex Binders Market by Type
9.4.5.2.2 Saudi Arabia Latex Binders Market by End Use Industry
9.4.5.3 U.A.E Latex Binders Market
9.4.5.3.1 U.A.E Latex Binders Market by Type
9.4.5.3.2 U.A.E Latex Binders Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Latex Binders Market
9.4.5.4.1 Rest of Middle East and Africa Latex Binders Market by Type
9.4.5.4.2 Rest of Middle East and Africa Latex Binders Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Latex Binders Market Overview
9.5.2 South and Central America Latex Binders Market Forecasts and Analysis
9.5.3 South and Central America Latex Binders Market Forecasts and Analysis - By Type
9.5.4 South and Central America Latex Binders Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Latex Binders Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Latex Binders Market
9.5.5.1.1 Brazil Latex Binders Market by Type
9.5.5.1.2 Brazil Latex Binders Market by End Use Industry
9.5.5.2 Argentina Latex Binders Market
9.5.5.2.1 Argentina Latex Binders Market by Type
9.5.5.2.2 Argentina Latex Binders Market by End Use Industry
9.5.5.3 Rest of South and Central America Latex Binders Market
9.5.5.3.1 Rest of South and Central America Latex Binders Market by Type
9.5.5.3.2 Rest of South and Central America Latex Binders Market by End Use Industry

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. LATEX BINDERS MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. TRINSEO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. WACKER CHEMIE AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ARKEMA S.A.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CELANESE CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DIC CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PUYANG YINTAI INDUSTRIAL TRADING COMPANY LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LUBRIZOL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BOSSON UNION TECH(BEIJING) CO.,LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SYNTHOMER PLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.BASF SE
2.Trinseo
3.Wacker Chemie AG
4.Arkema S.A.
5.Celanese Corporation
6.DIC Corporation
7.Puyang Yintai Industrial Trading Company Ltd.
8.Lubrizol Corporation
9.Bosson Union Tech(Beijing) Co.,Ltd
10.Synthomer plc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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