The Polyurethane Adhesives Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by By Resin Type (Thermoset and Thermoplastic). The report is also segmented based on Technology (Solvent-Borne, 100% Solids, Dispersion, and Others) and End-Use Industry (Automotive and Transportation, Building and Construction, Packaging, Footwear, Industrial, Furniture and Home Decor, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Polyurethane Adhesives Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Polyurethane Adhesives Market Segmentation
Resin Type- Thermoset and Thermoplastic
- Solvent-Borne
- 100% Solids
- Dispersion
- Others
- Automotive and Transportation
- Building and Construction
- Packaging
- Footwear
- Industrial
- Furniture and Home Decor
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Polyurethane Adhesives Market Growth Drivers- Growing Demand for Polyurethane Adhesives in Construction and Automotive Sectors: Presently, the construction and automotive sectors are under much growth, meaning higher demands for durable yet versatile adhesives. Polyurethane adhesives exhibit better bonding strength, flexibility, and environmental resistance, making them perfect for use in structural bonding and vehicle assembly applications.
- Sustainability and the Shift Towards Bio-Based Polyurethane Adhesives: The traditional environmental concerns are shifting the trend of industries towards sustainable materials. Polyurethane adhesives can be formulated with bio-based contents, which reduces their carbon footprint. This shift towards Eco-friendly alternatives is pushing the take-up of polyurethane adhesives among various sectors, including packaging, automotive, and construction.
- Innovations in Polyurethane Adhesives: Enhanced Performance and Versatility: Improved performance features of polyurethane adhesives are being achieved through continuous innovation in adhesive formulations. These encompass improved curing times, temperature resistance, and even adhesion properties, which are improving the availability of these adhesives in the market. This is elevating their use in the diverse applications involving electronics, furniture manufacturing, and many others.
- Shift Towards Eco-Friendly Polyurethane Adhesives: The trend in the polyurethane adhesives market is clearly towards eco-friendly formulations. It is very important for the industries to be sustainable, and manufacturers develop adhesives with bio-based materials, limiting harmful emissions. This trend not only meets regulatory requirements but also aligns with consumer preferences for environmentally responsible products.
- Demand for Eco-Friendly Polyurethane Adhesives in Construction and Packaging: The construction and packaging industries are some of the areas that particularly demand eco-friendly polyurethane adhesives, especially as the adoption of sustainable practices gains momentum. These adhesives have similar performance capabilities to those of their traditional counterparts but are more environmentally friendly. An increase in demand for such innovative adhesives at commercial levels is expected, which will help the market grow.
- Technological Advancements in High-Performance Eco-Friendly Polyurethane Adhesives: Advancements in technology enable the production of high-performance eco-friendly polyurethane adhesives that help retain the required bonding strength and durability while being not so harmful to the environment. A growing awareness of environmental issues can further lead to the adoption of environmentally friendly adhesive solutions, which would significantly influence the future of the polyurethane adhesives market.
- Growth Opportunities for Polyurethane Adhesives in Emerging Markets: The market of polyurethane adhesives is a great growth opportunity for emerging markets. Being an energy-intensive economy and booming construction, automotive, and consumer goods industry, economies across Asia-Pacific, Latin America, and Africa are in need of high-performance adhesives, like polyurethane adhesives.
- Infrastructural Development and Industrialization: Infrastructural development and industrialization activities in emerging markets are spreading rapidly due to this process. Such developments require heavy manufacturing and continuous construction, which paves a big way for the utilization of polyurethane adhesives. Companies will be able to command maximum market space in the long run as they begin to enter these emerging markets at strategic levels.
- Opportunities for Eco-Friendly Polyurethane Adhesives: The increased concern of adopting eco-friendly practices in those economies opens up opportunities for eco-friendly polyurethane adhesives. As consumers and businesses embrace more sustainable products, manufacturers will be able to innovate and provide bio-based adhesive solutions. Such alignment with the sustainability trend can improve brand reputation and drive deeper market penetration in emerging economies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyurethane Adhesives Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Polyurethane Adhesives Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
Growth in eco-friendly polyurethane adhesives is one of the key trends for the market growth.
3M, Arkema (Bostik), Ashland Inc, Dowdupont Inc, H.B. Fuller Company, Henkel AG and CO. KGAA, Huntsman Corporation, Jowat SE, Scott Bader Company, and Sika AG are among the leading players operating in the polyurethane adhesives market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increasing demand in construction and automotive industries is driving the market growth
The Polyurethane Adhesives Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyurethane Adhesives Market - By Resin Type
1.3.2 Polyurethane Adhesives Market - By Technology
1.3.3 Polyurethane Adhesives Market - By End-Use Industry
1.3.4 Polyurethane Adhesives Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYURETHANE 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. POLYURETHANE 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. POLYURETHANE ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYURETHANE ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. POLYURETHANE ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYURETHANE ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. THERMOSET
7.3.1. Overview
7.3.2. Thermoset Market Forecast and Analysis
7.4. THERMOPLASTIC
7.4.1. Overview
7.4.2. Thermoplastic Market Forecast and Analysis
8. POLYURETHANE ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. SOLVENT-BORNE
8.3.1. Overview
8.3.2. Solvent-Borne Market Forecast and Analysis
8.4. 100% SOLIDS
8.4.1. Overview
8.4.2. 100% Solids Market Forecast and Analysis
8.5. DISPERSION
8.5.1. Overview
8.5.2. Dispersion Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. POLYURETHANE ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE AND TRANSPORTATION
9.3.1. Overview
9.3.2. Automotive and Transportation Market Forecast and Analysis
9.4. BUILDING AND CONSTRUCTION
9.4.1. Overview
9.4.2. Building and Construction Market Forecast and Analysis
9.5. PACKAGING
9.5.1. Overview
9.5.2. Packaging Market Forecast and Analysis
9.6. FOOTWEAR
9.6.1. Overview
9.6.2. Footwear Market Forecast and Analysis
9.7. INDUSTRIAL
9.7.1. Overview
9.7.2. Industrial Market Forecast and Analysis
9.8. FURNITURE AND DECORATION
9.8.1. Overview
9.8.2. Furniture and Decoration Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. POLYURETHANE ADHESIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polyurethane Adhesives Market Overview
10.1.2 North America Polyurethane Adhesives Market Forecasts and Analysis
10.1.3 North America Polyurethane Adhesives Market Forecasts and Analysis - By Resin Type
10.1.4 North America Polyurethane Adhesives Market Forecasts and Analysis - By Technology
10.1.5 North America Polyurethane Adhesives Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Polyurethane Adhesives Market Forecasts and Analysis - By Countries
10.1.6.1 United States Polyurethane Adhesives Market
10.1.6.1.1 United States Polyurethane Adhesives Market by Resin Type
10.1.6.1.2 United States Polyurethane Adhesives Market by Technology
10.1.6.1.3 United States Polyurethane Adhesives Market by End-Use Industry
10.1.6.2 Canada Polyurethane Adhesives Market
10.1.6.2.1 Canada Polyurethane Adhesives Market by Resin Type
10.1.6.2.2 Canada Polyurethane Adhesives Market by Technology
10.1.6.2.3 Canada Polyurethane Adhesives Market by End-Use Industry
10.1.6.3 Mexico Polyurethane Adhesives Market
10.1.6.3.1 Mexico Polyurethane Adhesives Market by Resin Type
10.1.6.3.2 Mexico Polyurethane Adhesives Market by Technology
10.1.6.3.3 Mexico Polyurethane Adhesives Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Polyurethane Adhesives Market Overview
10.2.2 Europe Polyurethane Adhesives Market Forecasts and Analysis
10.2.3 Europe Polyurethane Adhesives Market Forecasts and Analysis - By Resin Type
10.2.4 Europe Polyurethane Adhesives Market Forecasts and Analysis - By Technology
10.2.5 Europe Polyurethane Adhesives Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Polyurethane Adhesives Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polyurethane Adhesives Market
10.2.6.1.1 Germany Polyurethane Adhesives Market by Resin Type
10.2.6.1.2 Germany Polyurethane Adhesives Market by Technology
10.2.6.1.3 Germany Polyurethane Adhesives Market by End-Use Industry
10.2.6.2 France Polyurethane Adhesives Market
10.2.6.2.1 France Polyurethane Adhesives Market by Resin Type
10.2.6.2.2 France Polyurethane Adhesives Market by Technology
10.2.6.2.3 France Polyurethane Adhesives Market by End-Use Industry
10.2.6.3 Italy Polyurethane Adhesives Market
10.2.6.3.1 Italy Polyurethane Adhesives Market by Resin Type
10.2.6.3.2 Italy Polyurethane Adhesives Market by Technology
10.2.6.3.3 Italy Polyurethane Adhesives Market by End-Use Industry
10.2.6.4 United Kingdom Polyurethane Adhesives Market
10.2.6.4.1 United Kingdom Polyurethane Adhesives Market by Resin Type
10.2.6.4.2 United Kingdom Polyurethane Adhesives Market by Technology
10.2.6.4.3 United Kingdom Polyurethane Adhesives Market by End-Use Industry
10.2.6.5 Russia Polyurethane Adhesives Market
10.2.6.5.1 Russia Polyurethane Adhesives Market by Resin Type
10.2.6.5.2 Russia Polyurethane Adhesives Market by Technology
10.2.6.5.3 Russia Polyurethane Adhesives Market by End-Use Industry
10.2.6.6 Rest of Europe Polyurethane Adhesives Market
10.2.6.6.1 Rest of Europe Polyurethane Adhesives Market by Resin Type
10.2.6.6.2 Rest of Europe Polyurethane Adhesives Market by Technology
10.2.6.6.3 Rest of Europe Polyurethane Adhesives Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polyurethane Adhesives Market Overview
10.3.2 Asia-Pacific Polyurethane Adhesives Market Forecasts and Analysis
10.3.3 Asia-Pacific Polyurethane Adhesives Market Forecasts and Analysis - By Resin Type
10.3.4 Asia-Pacific Polyurethane Adhesives Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Polyurethane Adhesives Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Polyurethane Adhesives Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polyurethane Adhesives Market
10.3.6.1.1 Australia Polyurethane Adhesives Market by Resin Type
10.3.6.1.2 Australia Polyurethane Adhesives Market by Technology
10.3.6.1.3 Australia Polyurethane Adhesives Market by End-Use Industry
10.3.6.2 China Polyurethane Adhesives Market
10.3.6.2.1 China Polyurethane Adhesives Market by Resin Type
10.3.6.2.2 China Polyurethane Adhesives Market by Technology
10.3.6.2.3 China Polyurethane Adhesives Market by End-Use Industry
10.3.6.3 India Polyurethane Adhesives Market
10.3.6.3.1 India Polyurethane Adhesives Market by Resin Type
10.3.6.3.2 India Polyurethane Adhesives Market by Technology
10.3.6.3.3 India Polyurethane Adhesives Market by End-Use Industry
10.3.6.4 Japan Polyurethane Adhesives Market
10.3.6.4.1 Japan Polyurethane Adhesives Market by Resin Type
10.3.6.4.2 Japan Polyurethane Adhesives Market by Technology
10.3.6.4.3 Japan Polyurethane Adhesives Market by End-Use Industry
10.3.6.5 South Korea Polyurethane Adhesives Market
10.3.6.5.1 South Korea Polyurethane Adhesives Market by Resin Type
10.3.6.5.2 South Korea Polyurethane Adhesives Market by Technology
10.3.6.5.3 South Korea Polyurethane Adhesives Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Polyurethane Adhesives Market
10.3.6.6.1 Rest of Asia-Pacific Polyurethane Adhesives Market by Resin Type
10.3.6.6.2 Rest of Asia-Pacific Polyurethane Adhesives Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Polyurethane Adhesives Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polyurethane Adhesives Market Overview
10.4.2 Middle East and Africa Polyurethane Adhesives Market Forecasts and Analysis
10.4.3 Middle East and Africa Polyurethane Adhesives Market Forecasts and Analysis - By Resin Type
10.4.4 Middle East and Africa Polyurethane Adhesives Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Polyurethane Adhesives Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Polyurethane Adhesives Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polyurethane Adhesives Market
10.4.6.1.1 South Africa Polyurethane Adhesives Market by Resin Type
10.4.6.1.2 South Africa Polyurethane Adhesives Market by Technology
10.4.6.1.3 South Africa Polyurethane Adhesives Market by End-Use Industry
10.4.6.2 Saudi Arabia Polyurethane Adhesives Market
10.4.6.2.1 Saudi Arabia Polyurethane Adhesives Market by Resin Type
10.4.6.2.2 Saudi Arabia Polyurethane Adhesives Market by Technology
10.4.6.2.3 Saudi Arabia Polyurethane Adhesives Market by End-Use Industry
10.4.6.3 U.A.E Polyurethane Adhesives Market
10.4.6.3.1 U.A.E Polyurethane Adhesives Market by Resin Type
10.4.6.3.2 U.A.E Polyurethane Adhesives Market by Technology
10.4.6.3.3 U.A.E Polyurethane Adhesives Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Polyurethane Adhesives Market
10.4.6.4.1 Rest of Middle East and Africa Polyurethane Adhesives Market by Resin Type
10.4.6.4.2 Rest of Middle East and Africa Polyurethane Adhesives Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Polyurethane Adhesives Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polyurethane Adhesives Market Overview
10.5.2 South and Central America Polyurethane Adhesives Market Forecasts and Analysis
10.5.3 South and Central America Polyurethane Adhesives Market Forecasts and Analysis - By Resin Type
10.5.4 South and Central America Polyurethane Adhesives Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Polyurethane Adhesives Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Polyurethane Adhesives Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polyurethane Adhesives Market
10.5.6.1.1 Brazil Polyurethane Adhesives Market by Resin Type
10.5.6.1.2 Brazil Polyurethane Adhesives Market by Technology
10.5.6.1.3 Brazil Polyurethane Adhesives Market by End-Use Industry
10.5.6.2 Argentina Polyurethane Adhesives Market
10.5.6.2.1 Argentina Polyurethane Adhesives Market by Resin Type
10.5.6.2.2 Argentina Polyurethane Adhesives Market by Technology
10.5.6.2.3 Argentina Polyurethane Adhesives Market by End-Use Industry
10.5.6.3 Rest of South and Central America Polyurethane Adhesives Market
10.5.6.3.1 Rest of South and Central America Polyurethane Adhesives Market by Resin Type
10.5.6.3.2 Rest of South and Central America Polyurethane Adhesives Market by Technology
10.5.6.3.3 Rest of South and Central America Polyurethane Adhesives Market by End-Use Industry
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. POLYURETHANE ADHESIVES MARKET, KEY COMPANY PROFILES
12.1. 3M
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ARKEMA (BOSTIK)
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ASHLAND INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DOWDUPONT INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. H.B. FULLER COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HENKEL AG AND CO. KGAA
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. HUNTSMAN CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. JOWAT SE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SCOTT BADER COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SIKA AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. 3M
2. Arkema (Bostik)
3. Ashland Inc.
4. Dowdupont Inc.
5. H.B. Fuller Company
6. Henkel AG and CO. KGAA
7. Huntsman Corporation
8. Jowat SE
9. Scott Bader Company
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.
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