Packaging Coatings Market SWOT Analysis by 2031
MARKET OVERVIEW
The market for packaging coatings is an industry that creates and sells different coatings used to protect and improve the appearance of packaging materials such as paper, cardboard, and plastic. These coatings offer various functionalities, including moisture resistance, chemical resistance, and barrier properties. The growing demand for packaged products and the increasing need for sustainable packaging drive market growth. The market is projected to expand in the future due to the increasing demand for packaged products and the growing need for sustainable packaging.
MARKET DYNAMICS
The packaging coatings market is anticipated to grow in the forecast period owing to driving factors such as rapid growth of the e-commerce industry and high demands of flexible packaging for consumer goods. Moreover, the growing demands for canned food and beverages coupled with aerosol cans for personal and healthcare industry further fuel the packaging coatings market growth. However, rising concerns on amount of Bisphenol-A in packaging coatings may limit market growth. The growth opportunity for key players in the packaging coatings market lies in the production of environment-friendly packaging coatings.
MARKET SCOPE
The "Global Packaging Coatings 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 packaging coatings market with detailed market segmentation by type, substrate, application, end user and geography. The global packaging coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading packaging coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global packaging coatings market is segmented on the basis of type, substrate, application and end user. Based on type, the market is segmented as epoxy thermoset, urethane, UV-curable, BPA free, soft touch UV-curable. By substrate, the market is segmented as metal, rigid plastic, glass, liquid cartons, paper-based containers, flexible packaging and others. On the basis of the application the market is segmented as food cans, beverage cans, caps & closures, aerosols & tubes, industrial packaging, promotional packaging and specialty packaging. The market on the basis of the end user is classified as food & beverages, cosmetics, pharmaceuticals, consumer electronics and automotive components.
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 packaging coatings 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 & Central America. The packaging coatings 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 packaging coatings 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 & Central America after evaluating political, economic, social and technological factors affecting the packaging coatings market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaging coatings 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 & Central America. The packaging coatings 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 packaging coatings 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 & Central America after evaluating political, economic, social and technological factors affecting the packaging coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the packaging coatings 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 the way for the expansion of business and customer base of market players. The market payers from packaging coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for packaging coatings in the global market. Below mentioned is the list of few companies engaged in the packaging coatings market.
The report also includes the profiles of key packaging coatings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Akzo Nobel N.V.
- Arkema Group
- Axalta Coating Systems, LLC
- BASF SE
- Mantrose-Haeuser Co., Inc.
- PPG Industries, Inc.
- Sun Coating Company
- The Dow Chemical Company
- The Sherwin-Williams Company
- Wacker Chemie 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.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Packaging Coatings Market - By Type
1.3.2Packaging Coatings Market - By Substrate
1.3.3Packaging Coatings Market - By Application
1.3.4Packaging Coatings Market - By End-User
1.3.5Packaging Coatings Market - By Region
1.3.5.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.PACKAGING COATINGS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.PACKAGING COATINGS 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.PACKAGING COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1.PACKAGING COATINGS - GLOBAL MARKET OVERVIEW
6.2.PACKAGING COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PACKAGING COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.EPOXY THERMOSET
7.3.1.Overview
7.3.2.Epoxy thermoset Market Forecast and Analysis
7.4.URETHANE
7.4.1.Overview
7.4.2.Urethane Market Forecast and Analysis
7.5.UV-CURABLE
7.5.1.Overview
7.5.2.UV-curable Market Forecast and Analysis
7.6.BPA FREE
7.6.1.Overview
7.6.2.BPA free Market Forecast and Analysis
7.7.SOFT TOUCH UV-CURABLE
7.7.1.Overview
7.7.2.Soft touch UV-curable Market Forecast and Analysis
8.PACKAGING COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
8.1.OVERVIEW
8.2.SUBSTRATE MARKET FORECASTS AND ANALYSIS
8.3.METAL
8.3.1.Overview
8.3.2.Metal Market Forecast and Analysis
8.4.RIGID PLASTIC
8.4.1.Overview
8.4.2.Rigid plastic Market Forecast and Analysis
8.5.GLASS
8.5.1.Overview
8.5.2.Glass Market Forecast and Analysis
8.6.LIQUID CARTONS
8.6.1.Overview
8.6.2.Liquid cartons Market Forecast and Analysis
8.7.PAPER-BASED CONTAINERS
8.7.1.Overview
8.7.2.Paper-based containers Market Forecast and Analysis
8.8.FLEXIBLE PACKAGING
8.8.1.Overview
8.8.2.Flexible packaging Market Forecast and Analysis
8.9.OTHERS
8.9.1.Overview
8.9.2.Others Market Forecast and Analysis
9.PACKAGING COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.FOOD CANS
9.3.1.Overview
9.3.2.Food cans Market Forecast and Analysis
9.4.BEVERAGE CANS
9.4.1.Overview
9.4.2.Beverage cans Market Forecast and Analysis
9.5.CAPS AND CLOSURES
9.5.1.Overview
9.5.2.Caps and Closures Market Forecast and Analysis
9.6.AEROSOLS AND TUBES
9.6.1.Overview
9.6.2.Aerosols and Tubes Market Forecast and Analysis
9.7.INDUSTRIAL PACKAGING
9.7.1.Overview
9.7.2.Industrial packaging Market Forecast and Analysis
9.8.PROMOTIONAL PACKAGING
9.8.1.Overview
9.8.2.Promotional packaging Market Forecast and Analysis
9.9.SPECIALTY PACKAGING
9.9.1.Overview
9.9.2.Specialty packaging Market Forecast and Analysis
10.PACKAGING COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1.OVERVIEW
10.2.END-USER MARKET FORECASTS AND ANALYSIS
10.3.FOOD AND BEVERAGES
10.3.1.Overview
10.3.2.Food and Beverages Market Forecast and Analysis
10.4.COSMETICS
10.4.1.Overview
10.4.2.Cosmetics Market Forecast and Analysis
10.5.PHARMACEUTICALS
10.5.1.Overview
10.5.2.Pharmaceuticals Market Forecast and Analysis
10.6.CONSUMER ELECTRONICS
10.6.1.Overview
10.6.2.Consumer Electronics Market Forecast and Analysis
10.7.AUTOMOTIVE COMPONENTS
10.7.1.Overview
10.7.2.Automotive components Market Forecast and Analysis
11.PACKAGING COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Packaging Coatings Market Overview
11.1.2North America Packaging Coatings Market Forecasts and Analysis
11.1.3North America Packaging Coatings Market Forecasts and Analysis - By Type
11.1.4North America Packaging Coatings Market Forecasts and Analysis - By Substrate
11.1.5North America Packaging Coatings Market Forecasts and Analysis - By Application
11.1.6North America Packaging Coatings Market Forecasts and Analysis - By End-User
11.1.7North America Packaging Coatings Market Forecasts and Analysis - By Countries
11.1.7.1United States Packaging Coatings Market
11.1.7.1.1United States Packaging Coatings Market by Type
11.1.7.1.2United States Packaging Coatings Market by Substrate
11.1.7.1.3United States Packaging Coatings Market by Application
11.1.7.1.4United States Packaging Coatings Market by End-User
11.1.7.2Canada Packaging Coatings Market
11.1.7.2.1Canada Packaging Coatings Market by Type
11.1.7.2.2Canada Packaging Coatings Market by Substrate
11.1.7.2.3Canada Packaging Coatings Market by Application
11.1.7.2.4Canada Packaging Coatings Market by End-User
11.1.7.3Mexico Packaging Coatings Market
11.1.7.3.1Mexico Packaging Coatings Market by Type
11.1.7.3.2Mexico Packaging Coatings Market by Substrate
11.1.7.3.3Mexico Packaging Coatings Market by Application
11.1.7.3.4Mexico Packaging Coatings Market by End-User
11.2.EUROPE
11.2.1Europe Packaging Coatings Market Overview
11.2.2Europe Packaging Coatings Market Forecasts and Analysis
11.2.3Europe Packaging Coatings Market Forecasts and Analysis - By Type
11.2.4Europe Packaging Coatings Market Forecasts and Analysis - By Substrate
11.2.5Europe Packaging Coatings Market Forecasts and Analysis - By Application
11.2.6Europe Packaging Coatings Market Forecasts and Analysis - By End-User
11.2.7Europe Packaging Coatings Market Forecasts and Analysis - By Countries
11.2.7.1Germany Packaging Coatings Market
11.2.7.1.1Germany Packaging Coatings Market by Type
11.2.7.1.2Germany Packaging Coatings Market by Substrate
11.2.7.1.3Germany Packaging Coatings Market by Application
11.2.7.1.4Germany Packaging Coatings Market by End-User
11.2.7.2France Packaging Coatings Market
11.2.7.2.1France Packaging Coatings Market by Type
11.2.7.2.2France Packaging Coatings Market by Substrate
11.2.7.2.3France Packaging Coatings Market by Application
11.2.7.2.4France Packaging Coatings Market by End-User
11.2.7.3Italy Packaging Coatings Market
11.2.7.3.1Italy Packaging Coatings Market by Type
11.2.7.3.2Italy Packaging Coatings Market by Substrate
11.2.7.3.3Italy Packaging Coatings Market by Application
11.2.7.3.4Italy Packaging Coatings Market by End-User
11.2.7.4United Kingdom Packaging Coatings Market
11.2.7.4.1United Kingdom Packaging Coatings Market by Type
11.2.7.4.2United Kingdom Packaging Coatings Market by Substrate
11.2.7.4.3United Kingdom Packaging Coatings Market by Application
11.2.7.4.4United Kingdom Packaging Coatings Market by End-User
11.2.7.5Russia Packaging Coatings Market
11.2.7.5.1Russia Packaging Coatings Market by Type
11.2.7.5.2Russia Packaging Coatings Market by Substrate
11.2.7.5.3Russia Packaging Coatings Market by Application
11.2.7.5.4Russia Packaging Coatings Market by End-User
11.2.7.6Rest of Europe Packaging Coatings Market
11.2.7.6.1Rest of Europe Packaging Coatings Market by Type
11.2.7.6.2Rest of Europe Packaging Coatings Market by Substrate
11.2.7.6.3Rest of Europe Packaging Coatings Market by Application
11.2.7.6.4Rest of Europe Packaging Coatings Market by End-User
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Packaging Coatings Market Overview
11.3.2Asia-Pacific Packaging Coatings Market Forecasts and Analysis
11.3.3Asia-Pacific Packaging Coatings Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Packaging Coatings Market Forecasts and Analysis - By Substrate
11.3.5Asia-Pacific Packaging Coatings Market Forecasts and Analysis - By Application
11.3.6Asia-Pacific Packaging Coatings Market Forecasts and Analysis - By End-User
11.3.7Asia-Pacific Packaging Coatings Market Forecasts and Analysis - By Countries
11.3.7.1Australia Packaging Coatings Market
11.3.7.1.1Australia Packaging Coatings Market by Type
11.3.7.1.2Australia Packaging Coatings Market by Substrate
11.3.7.1.3Australia Packaging Coatings Market by Application
11.3.7.1.4Australia Packaging Coatings Market by End-User
11.3.7.2China Packaging Coatings Market
11.3.7.2.1China Packaging Coatings Market by Type
11.3.7.2.2China Packaging Coatings Market by Substrate
11.3.7.2.3China Packaging Coatings Market by Application
11.3.7.2.4China Packaging Coatings Market by End-User
11.3.7.3India Packaging Coatings Market
11.3.7.3.1India Packaging Coatings Market by Type
11.3.7.3.2India Packaging Coatings Market by Substrate
11.3.7.3.3India Packaging Coatings Market by Application
11.3.7.3.4India Packaging Coatings Market by End-User
11.3.7.4Japan Packaging Coatings Market
11.3.7.4.1Japan Packaging Coatings Market by Type
11.3.7.4.2Japan Packaging Coatings Market by Substrate
11.3.7.4.3Japan Packaging Coatings Market by Application
11.3.7.4.4Japan Packaging Coatings Market by End-User
11.3.7.5South Korea Packaging Coatings Market
11.3.7.5.1South Korea Packaging Coatings Market by Type
11.3.7.5.2South Korea Packaging Coatings Market by Substrate
11.3.7.5.3South Korea Packaging Coatings Market by Application
11.3.7.5.4South Korea Packaging Coatings Market by End-User
11.3.7.6Rest of Asia-Pacific Packaging Coatings Market
11.3.7.6.1Rest of Asia-Pacific Packaging Coatings Market by Type
11.3.7.6.2Rest of Asia-Pacific Packaging Coatings Market by Substrate
11.3.7.6.3Rest of Asia-Pacific Packaging Coatings Market by Application
11.3.7.6.4Rest of Asia-Pacific Packaging Coatings Market by End-User
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Packaging Coatings Market Overview
11.4.2Middle East and Africa Packaging Coatings Market Forecasts and Analysis
11.4.3Middle East and Africa Packaging Coatings Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Packaging Coatings Market Forecasts and Analysis - By Substrate
11.4.5Middle East and Africa Packaging Coatings Market Forecasts and Analysis - By Application
11.4.6Middle East and Africa Packaging Coatings Market Forecasts and Analysis - By End-User
11.4.7Middle East and Africa Packaging Coatings Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Packaging Coatings Market
11.4.7.1.1South Africa Packaging Coatings Market by Type
11.4.7.1.2South Africa Packaging Coatings Market by Substrate
11.4.7.1.3South Africa Packaging Coatings Market by Application
11.4.7.1.4South Africa Packaging Coatings Market by End-User
11.4.7.2Saudi Arabia Packaging Coatings Market
11.4.7.2.1Saudi Arabia Packaging Coatings Market by Type
11.4.7.2.2Saudi Arabia Packaging Coatings Market by Substrate
11.4.7.2.3Saudi Arabia Packaging Coatings Market by Application
11.4.7.2.4Saudi Arabia Packaging Coatings Market by End-User
11.4.7.3U.A.E Packaging Coatings Market
11.4.7.3.1U.A.E Packaging Coatings Market by Type
11.4.7.3.2U.A.E Packaging Coatings Market by Substrate
11.4.7.3.3U.A.E Packaging Coatings Market by Application
11.4.7.3.4U.A.E Packaging Coatings Market by End-User
11.4.7.4Rest of Middle East and Africa Packaging Coatings Market
11.4.7.4.1Rest of Middle East and Africa Packaging Coatings Market by Type
11.4.7.4.2Rest of Middle East and Africa Packaging Coatings Market by Substrate
11.4.7.4.3Rest of Middle East and Africa Packaging Coatings Market by Application
11.4.7.4.4Rest of Middle East and Africa Packaging Coatings Market by End-User
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Packaging Coatings Market Overview
11.5.2South and Central America Packaging Coatings Market Forecasts and Analysis
11.5.3South and Central America Packaging Coatings Market Forecasts and Analysis - By Type
11.5.4South and Central America Packaging Coatings Market Forecasts and Analysis - By Substrate
11.5.5South and Central America Packaging Coatings Market Forecasts and Analysis - By Application
11.5.6South and Central America Packaging Coatings Market Forecasts and Analysis - By End-User
11.5.7South and Central America Packaging Coatings Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Packaging Coatings Market
11.5.7.1.1Brazil Packaging Coatings Market by Type
11.5.7.1.2Brazil Packaging Coatings Market by Substrate
11.5.7.1.3Brazil Packaging Coatings Market by Application
11.5.7.1.4Brazil Packaging Coatings Market by End-User
11.5.7.2Argentina Packaging Coatings Market
11.5.7.2.1Argentina Packaging Coatings Market by Type
11.5.7.2.2Argentina Packaging Coatings Market by Substrate
11.5.7.2.3Argentina Packaging Coatings Market by Application
11.5.7.2.4Argentina Packaging Coatings Market by End-User
11.5.7.3Rest of South and Central America Packaging Coatings Market
11.5.7.3.1Rest of South and Central America Packaging Coatings Market by Type
11.5.7.3.2Rest of South and Central America Packaging Coatings Market by Substrate
11.5.7.3.3Rest of South and Central America Packaging Coatings Market by Application
11.5.7.3.4Rest of South and Central America Packaging Coatings Market by End-User
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.PACKAGING COATINGS MARKET, KEY COMPANY PROFILES
13.1.AKZO NOBEL N.V.
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.ARKEMA GROUP
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.AXALTA COATING SYSTEMS, LLC
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.BASF SE
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.MANTROSE-HAEUSER CO., INC.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.PPG INDUSTRIES, INC.
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.SUN COATING COMPANY
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.THE DOW CHEMICAL COMPANY
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.THE SHERWIN-WILLIAMS COMPANY
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.WACKER CHEMIE AG
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
The List of Companies
- Akzo Nobel N.V.
- Arkema Group
- Axalta Coating Systems, LLC
- BASF SE
- Mantrose-Haeuser Co., Inc.
- PPG Industries, Inc.
- Sun Coating Company
- The Dow Chemical Company
- The Sherwin-Williams Company
- Wacker Chemie 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.
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