Methyl Methacrylate Adhesives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Methyl methacrylate adhesives are a class of structural adhesives synthesized to form a bond between metal, plastics, and composite materials. They are made of a resin and a hardener in addition to rubber and some strengthening agents. Methyl methacrylate adhesives also have superior bond strength and better impact and fatigue resistance than urethane based adhesives. They also offer better resistance to chemicals and environmental agents while requiring low curing time. Though the methyl methacrylate technology is relatively new, it has become an indispensable tool for uses in various industries ranging from building and construction to automotive and marine.
MARKET DYNAMICS
Methyl methacrylate adhesives are increasingly used in the automotive sector for assembly of various interior and exterior components of automobiles. They have a significant potential in replacing welding joints and mechanical fastners in automobiles. Methyl methacrylate adhesives are used to assemble glass, plastic, metal, and rubber components during the manufacture of autombiles. The increasing applications of methyl metacrylate adhesives in the field of automotive and transportation is anticipated to spur the growth of the methyl methacrylate adhesives industry. As major European and American automobile manufacturers establish their manufacturing bases in countries such as China, Phillipinnes, and Indonesia, the consumption of methyl methacrylate adhesives is anticipated to further rise. Methyl methacryalte adhesives are also finding uses in marine sector. They are increasingly being used in the construction of deck liners, bonding hulls, internal fixtures, yatchs, kayaks, and canoes. It is also finding uses in novel applications such as wind turbines. It is used as an adhesive to bond wind turbine blades. The versatility offered by methyl methacrylate adhesives makes it the quintessential adhesive in numerous end-use industries. The healthy manufacturing sector is expected to drive the demand for methyl methacrylate adhesives.
MARKET SCOPE
The "Global Methyl Methacrylate Adhesives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the methyl methacrylate adhesives market with detailed market segmentation by substrate, end-use industry, and geography. The global methyl methacrylate adhesives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading methyl methacrylate adhesives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global methyl methacrylate adhesives market is segmented on the basis of substrate and end-use industry. On the basis of substrate, the methyl methacrylate adhesives market is segmented into, metal, plastic, composite, and others. On the basis of end-use industry, the market is bifurcated into, automotive and transportation, building and construction, marine, wind energy, general assembly, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global methyl methacrylate adhesives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The methyl methacrylate adhesives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the methyl methacrylate adhesives market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the methyl methacrylate adhesives market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global methyl methacrylate adhesives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The methyl methacrylate adhesives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the methyl methacrylate adhesives market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the methyl methacrylate adhesives market in these regions.
MARKET PLAYERS
The reports cover key developments in the methyl methacrylate adhesives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from methyl methacrylate adhesives market are anticipated to lucrative growth opportunities in the future with the rising demand for methyl methacrylate adhesives in the global market. Below mentioned is the list of few companies engaged in the methyl methacrylate adhesives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the methyl methacrylate adhesives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- AEC Polymers
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Huntsman International LLC
- ITW Performance Polymers
- Novachem Corporation ltd
- Permabond LLC.
- Scott Bader Company Ltd
- Sika AG
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Methyl Methacrylate Adhesives Market - By Substrate
1.3.2 Methyl Methacrylate Adhesives Market - By End-Use Industry
1.3.3 Methyl Methacrylate Adhesives Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. METHYL METHACRYLATE 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. METHYL METHACRYLATE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. METHYL METHACRYLATE ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. METHYL METHACRYLATE ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. METHYL METHACRYLATE ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. METHYL METHACRYLATE ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
7.1. OVERVIEW
7.2. SUBSTRATE MARKET FORECASTS AND ANALYSIS
7.3. METAL
7.3.1. Overview
7.3.2. Metal Market Forecast and Analysis
7.4. PLASTIC
7.4.1. Overview
7.4.2. Plastic Market Forecast and Analysis
7.5. COMPOSITE
7.5.1. Overview
7.5.2. Composite Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. METHYL METHACRYLATE ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE AND TRANSPORTATION
8.3.1. Overview
8.3.2. Automotive and Transportation Market Forecast and Analysis
8.4. BUILDING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Building and Construction Market Forecast and Analysis
8.5. MARINE
8.5.1. Overview
8.5.2. Marine Market Forecast and Analysis
8.6. WIND ENERGY
8.6.1. Overview
8.6.2. Wind Energy Market Forecast and Analysis
8.7. GENERAL ASSEMBLY
8.7.1. Overview
8.7.2. General Assembly Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. METHYL METHACRYLATE ADHESIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Methyl Methacrylate Adhesives Market Overview
9.1.2 North America Methyl Methacrylate Adhesives Market Forecasts and Analysis
9.1.3 North America Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Substrate
9.1.4 North America Methyl Methacrylate Adhesives Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Countries
9.1.5.1 United States Methyl Methacrylate Adhesives Market
9.1.5.1.1 United States Methyl Methacrylate Adhesives Market by Substrate
9.1.5.1.2 United States Methyl Methacrylate Adhesives Market by End-Use Industry
9.1.5.2 Canada Methyl Methacrylate Adhesives Market
9.1.5.2.1 Canada Methyl Methacrylate Adhesives Market by Substrate
9.1.5.2.2 Canada Methyl Methacrylate Adhesives Market by End-Use Industry
9.1.5.3 Mexico Methyl Methacrylate Adhesives Market
9.1.5.3.1 Mexico Methyl Methacrylate Adhesives Market by Substrate
9.1.5.3.2 Mexico Methyl Methacrylate Adhesives Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Methyl Methacrylate Adhesives Market Overview
9.2.2 Europe Methyl Methacrylate Adhesives Market Forecasts and Analysis
9.2.3 Europe Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Substrate
9.2.4 Europe Methyl Methacrylate Adhesives Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Methyl Methacrylate Adhesives Market
9.2.5.1.1 Germany Methyl Methacrylate Adhesives Market by Substrate
9.2.5.1.2 Germany Methyl Methacrylate Adhesives Market by End-Use Industry
9.2.5.2 France Methyl Methacrylate Adhesives Market
9.2.5.2.1 France Methyl Methacrylate Adhesives Market by Substrate
9.2.5.2.2 France Methyl Methacrylate Adhesives Market by End-Use Industry
9.2.5.3 Italy Methyl Methacrylate Adhesives Market
9.2.5.3.1 Italy Methyl Methacrylate Adhesives Market by Substrate
9.2.5.3.2 Italy Methyl Methacrylate Adhesives Market by End-Use Industry
9.2.5.4 United Kingdom Methyl Methacrylate Adhesives Market
9.2.5.4.1 United Kingdom Methyl Methacrylate Adhesives Market by Substrate
9.2.5.4.2 United Kingdom Methyl Methacrylate Adhesives Market by End-Use Industry
9.2.5.5 Russia Methyl Methacrylate Adhesives Market
9.2.5.5.1 Russia Methyl Methacrylate Adhesives Market by Substrate
9.2.5.5.2 Russia Methyl Methacrylate Adhesives Market by End-Use Industry
9.2.5.6 Rest of Europe Methyl Methacrylate Adhesives Market
9.2.5.6.1 Rest of Europe Methyl Methacrylate Adhesives Market by Substrate
9.2.5.6.2 Rest of Europe Methyl Methacrylate Adhesives Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Methyl Methacrylate Adhesives Market Overview
9.3.2 Asia-Pacific Methyl Methacrylate Adhesives Market Forecasts and Analysis
9.3.3 Asia-Pacific Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Substrate
9.3.4 Asia-Pacific Methyl Methacrylate Adhesives Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Methyl Methacrylate Adhesives Market
9.3.5.1.1 Australia Methyl Methacrylate Adhesives Market by Substrate
9.3.5.1.2 Australia Methyl Methacrylate Adhesives Market by End-Use Industry
9.3.5.2 China Methyl Methacrylate Adhesives Market
9.3.5.2.1 China Methyl Methacrylate Adhesives Market by Substrate
9.3.5.2.2 China Methyl Methacrylate Adhesives Market by End-Use Industry
9.3.5.3 India Methyl Methacrylate Adhesives Market
9.3.5.3.1 India Methyl Methacrylate Adhesives Market by Substrate
9.3.5.3.2 India Methyl Methacrylate Adhesives Market by End-Use Industry
9.3.5.4 Japan Methyl Methacrylate Adhesives Market
9.3.5.4.1 Japan Methyl Methacrylate Adhesives Market by Substrate
9.3.5.4.2 Japan Methyl Methacrylate Adhesives Market by End-Use Industry
9.3.5.5 South Korea Methyl Methacrylate Adhesives Market
9.3.5.5.1 South Korea Methyl Methacrylate Adhesives Market by Substrate
9.3.5.5.2 South Korea Methyl Methacrylate Adhesives Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Methyl Methacrylate Adhesives Market
9.3.5.6.1 Rest of Asia-Pacific Methyl Methacrylate Adhesives Market by Substrate
9.3.5.6.2 Rest of Asia-Pacific Methyl Methacrylate Adhesives Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Methyl Methacrylate Adhesives Market Overview
9.4.2 Middle East and Africa Methyl Methacrylate Adhesives Market Forecasts and Analysis
9.4.3 Middle East and Africa Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Substrate
9.4.4 Middle East and Africa Methyl Methacrylate Adhesives Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Methyl Methacrylate Adhesives Market
9.4.5.1.1 South Africa Methyl Methacrylate Adhesives Market by Substrate
9.4.5.1.2 South Africa Methyl Methacrylate Adhesives Market by End-Use Industry
9.4.5.2 Saudi Arabia Methyl Methacrylate Adhesives Market
9.4.5.2.1 Saudi Arabia Methyl Methacrylate Adhesives Market by Substrate
9.4.5.2.2 Saudi Arabia Methyl Methacrylate Adhesives Market by End-Use Industry
9.4.5.3 U.A.E Methyl Methacrylate Adhesives Market
9.4.5.3.1 U.A.E Methyl Methacrylate Adhesives Market by Substrate
9.4.5.3.2 U.A.E Methyl Methacrylate Adhesives Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Methyl Methacrylate Adhesives Market
9.4.5.4.1 Rest of Middle East and Africa Methyl Methacrylate Adhesives Market by Substrate
9.4.5.4.2 Rest of Middle East and Africa Methyl Methacrylate Adhesives Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Methyl Methacrylate Adhesives Market Overview
9.5.2 South and Central America Methyl Methacrylate Adhesives Market Forecasts and Analysis
9.5.3 South and Central America Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Substrate
9.5.4 South and Central America Methyl Methacrylate Adhesives Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Methyl Methacrylate Adhesives Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Methyl Methacrylate Adhesives Market
9.5.5.1.1 Brazil Methyl Methacrylate Adhesives Market by Substrate
9.5.5.1.2 Brazil Methyl Methacrylate Adhesives Market by End-Use Industry
9.5.5.2 Argentina Methyl Methacrylate Adhesives Market
9.5.5.2.1 Argentina Methyl Methacrylate Adhesives Market by Substrate
9.5.5.2.2 Argentina Methyl Methacrylate Adhesives Market by End-Use Industry
9.5.5.3 Rest of South and Central America Methyl Methacrylate Adhesives Market
9.5.5.3.1 Rest of South and Central America Methyl Methacrylate Adhesives Market by Substrate
9.5.5.3.2 Rest of South and Central America Methyl Methacrylate Adhesives 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. METHYL METHACRYLATE ADHESIVES MARKET, KEY COMPANY PROFILES
11.1. 3M COMPANY
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. AEC POLYMERS
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. H.B. FULLER COMPANY
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. HENKEL AG AND CO. KGAA
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. HUNTSMAN INTERNATIONAL LLC
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. ITW PERFORMANCE POLYMERS
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. NOVACHEM CORPORATION 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. PERMABOND LLC.
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. SCOTT BADER COMPANY 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. SIKA AG
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
1. 3M Company
2. AEC Polymers
3. H.B. Fuller Company
4. Henkel AG and Co. KGaA
5. Huntsman International LLC
6. ITW Performance Polymers
7. Novachem Corporation ltd
8. Permabond LLC.
9. Scott Bader Company Ltd
10. Sika AG
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.