Non-Commercial Acrylic Paints Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Non-Commercial Acrylic Paints Market covers analysis By Type (Fluid Acrylics, Heavy-Body Acrylics, Slow-Drying Agents); Distribution Channel (Online, Offline) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00017982
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Non-Commercial Acrylic Paints Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

Non-commercial acrylic paint is a fast-drying paint made up of pigment suspended in acrylic polymer emulsion & plasticizers, silicon oils, stabilizers, defoamers, and metal soaps. These paints are basically water-soluble; however, they become water-resistant when dry. Depending on the amount of paint that is diluted with water and modified with acrylic gels, mediums, or pastes, the final painting can resemble a watercolor, a gouache, or an oil painting, or posses its own unique properties not attainable with other media. Acrylic painters can also modify the appearance, hardness, texture, flexibility, and other characteristics of the paint surface by using acrylic mediums or simply by adding water. Watercolor & oil painters also use various mediums, but the range of acrylic mediums is much greater.

MARKET DYNAMICS

The non-commercial acrylic paints market has witnessed significant growth owing to factors such as the increasing inclination of students towards opting for arts & designing as part of their curriculum. Due to the emergence of a healthy amount of professional artists along with academic institutions, where the governments have encouraged the promotion and sales of artifacts, the market for non-commercial acrylic paints will reportedly witness immense growth globally. However, there is also increasing pressure from regulatory authorities, including the US Environmental Protection Agency (EPA) and Coatings & Consumer Products Group (CCPG) in particular, to reduce the volatile organic compound (VOC) content with lead content present in all types of non-commercial acrylic paints. This may further impact the growth of the non-commercial acrylic paints market. Nevertheless, with the steady growth in the chemical industry and paint & coating industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Non-Commercial Acrylic Paints Market Analysis to 2031" 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 non-commercial acrylic paints market with detailed market segmentation by type, distribution channel, and geography. The global non-commercial acrylic paints market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading non-commercial acrylic paints market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global non-commercial acrylic paints market is segmented on the basis of type, and distribution channel. The non-commercial acrylic paints market on the basis of the type is classified into fluid acrylics, heavy-body acrylics, and slow-drying agents. On the basis of distribution channel, global non-commercial acrylic paints market is bifurcated into offline and online.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global non-commercial acrylic paints market based on various segments. It also provides market size and forecast estimates from the 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 non-commercial acrylic paints 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 non-commercial acrylic paints 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 non-commercial acrylic paints market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global non-commercial acrylic paints market based on various segments. It also provides market size and forecast estimates from the 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 non-commercial acrylic paints 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 non-commercial acrylic paints 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 non-commercial acrylic paints market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global non-commercial acrylic paints market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 non-commercial acrylic paints market are anticipated to lucrative growth opportunities in the future with the rising demand for non-commercial acrylic paints in the global market. Below mentioned is the list of few companies engaged in the non-commercial acrylic paints market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the non-commercial acrylic paints 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.

  •   Crafts 4 All
  •   Croma Atlier
  •   Da Vinci Paint
  •   Daler-Rowney
  •   Datacor
  •   Faber-Castell
  •   Golden Artist Colors
  •   Koninklijke Royal Talens
  •   Liquitex Artist Materials
  •   Winsor and Newton

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
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.

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 Non-Commercial Acrylic Paints Market - By Type
1.3.2 Non-Commercial Acrylic Paints Market - By Distribution Channel
1.3.3 Non-Commercial Acrylic Paints Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. NON-COMMERCIAL ACRYLIC PAINTS 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. NON-COMMERCIAL ACRYLIC PAINTS 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. NON-COMMERCIAL ACRYLIC PAINTS MARKET - GLOBAL MARKET ANALYSIS
6.1. NON-COMMERCIAL ACRYLIC PAINTS - GLOBAL MARKET OVERVIEW
6.2. NON-COMMERCIAL ACRYLIC PAINTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. NON-COMMERCIAL ACRYLIC PAINTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FLUID ACRYLICS
7.3.1. Overview
7.3.2. Fluid Acrylics Market Forecast and Analysis
7.4. HEAVY-BODY ACRYLICS
7.4.1. Overview
7.4.2. Heavy-Body Acrylics Market Forecast and Analysis
7.5. SLOW-DRYING AGENTS
7.5.1. Overview
7.5.2. Slow-Drying Agents Market Forecast and Analysis
8. NON-COMMERCIAL ACRYLIC PAINTS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. ONLINE
8.3.1. Overview
8.3.2. Online Market Forecast and Analysis
8.4. OFFLINE
8.4.1. Overview
8.4.2. Offline Market Forecast and Analysis

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

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. NON-COMMERCIAL ACRYLIC PAINTS MARKET, KEY COMPANY PROFILES
11.1. CRAFTS 4 ALL
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. CROMA ATLIER
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. DA VINCI PAINT
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. DALER-ROWNEY
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. DATACOR
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. FABER-CASTELL
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. GOLDEN ARTIST COLORS
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. KONINKLIJKE ROYAL TALENS
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. LIQUITEX ARTIST MATERIALS
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. WINSOR AND NEWTON
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. Crafts 4 All
2. Croma Atlier
3. Da Vinci Paint
4. Daler-Rowney
5. Datacor
6. Faber-Castell
7. Golden Artist Colors
8. Koninklijke Royal Talens
9. Liquitex Artist Materials
10. Winsor and Newton

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.

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