Potting Compound Market [2021-2031] - Size, Share, and Analysis
The Potting Compound Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by type (epoxy resin, polyurethane resin, silicone resin, polyester system, polyamide), application (electronics, electrical), curing technique (room temperature cured, high temperature or thermally cured, UV cured). The report further presents analysis based on end user industry (consumer electronics, transportation, automotive, aviation, marine, energy and power, solar power, others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The report offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Potting Compound 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.
Potting Compound Market Segmentation
Type- Epoxy Resin
- Polyurethane Resin
- Silicone Resin
- Polyester System
- Polyamide
- Electronics
- Electrical
- Room Temperature Cured
- High Temperature or Thermally Cured
- UV Cured
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Potting Compound Market Growth Drivers- Urban Gardening and Indoor Planting Boost Potting Soil Market: The market for potting soil is on the increase thanks to the rising trend of urban gardening, keeping of indoor plants, and landscaping at home. With more people looking to grow edible crops within the household, the market needs the right potting mixes, which ensures adequate drainage, aeration, and nutrients, has continued to grow.
- Rising Demand for Biocompatible and Sustainable Potting Compounds: With the consumers becoming more aware of the environment, there is a tendency to seek biocompatible and biodegradable potting compound materials. The use of sustainable materials such as coconut coir, which is a renewable source, and recycled organic matters is marketing the products and increasing the sales in the potting compounds market.
- Commercial Horticulture Growth: The increase in commercial horticulture which comprises greenhouses and nurseries around the world is also a factor contributing to the use of potting mixtures. Potting mixtures that promote the growth of crops, especially root crops, and at the same time maintain the required drainage for the crops grown are a necessity in commercial agriculture hence increasing the demand for such specialized products.
- Shift Toward Organic and Natural Potting Mixtures, Including Peat Substitutes: There is an increase in the use of organic/natural materials in potting mixtures especially with the new peat substitutes such as coconut coir, bark and even compost. These blends are also able to satisfy the consumer’s demand for environment friendly, no chemicals gardening products and thus contributes to the demand existing in the market.
- Increased Demand for Potting Compounds with Improved Water Retention: There is a rising trend for potting compounds with improved water retention abilities. Such blends incorporate hydrogels or moisture retaining materials enabling less frequent irrigation and promoting growth of plants in various conditions making them very appealing for both backyard as well as commercial plant raisers.
- Rising Popularity of Specialty Potting Mixtures for Specific Plant Types: Potting mixtures are also increasingly being sought after by the consumers for a particular type of plant with some for instance like succulents, orchids or vegetables. There is a growing popularity of specialty mixes that address specific soil needs in order to promote healthy plant growth creating an upsurge in the availability of focused individualized potting solutions in the market.
- Rising Popularity of E-commerce for Gardening Products: Since more and more people are getting into gardening, especially those living within the cities, the quantity of potting soils being ordered online is also on the rise. Manufacturers interested in selling gardening tools and accessories can use e-commerce since it makes it easier for the consumers to buy the items at the comfort of their homes and have them delivered directly to their doorsteps.
- Increased Demand for Eco-friendly and Biodegradable Potting Compounds: The rising awareness around sustainability allows for the production of solutions such as planting substrates that are eco-friendly, organic and biodegradable by potting compound producers. The marketing of products that utilize eco-friendly materials or promote less carbon emissions is able to draw the attention of the green economy consumers which is a plus to the market.
- Business Opportunities Driven by Commercial Landscaping, Urban Agriculture, and Green Infrastructure: Commercial landscaping trends, urban agriculture, and the development of green infrastructure in general creates a business opportunity for potting soil producers. Urban farming projects and particularly vertical gardening systems also need specific soils which in turn calls for various advanced growing mixes that can support the growth of plants in limited spaces and different growing conditions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Potting Compound 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 Potting Compound 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
The Potting Compound Market is estimated to witness a CAGR of 4% from 2023 to 2031
The increasing popularity of urban gardening, indoor plants, and home landscaping is driving the potting compound market.
There’s a growing trend toward using organic and natural materials in potting compounds, such as peat alternatives like coconut coir, bark, and compost.
CC Silicones Ltd., Dymax Corporation, EFI Polymers, Elantas Beck India Ltd. Electrolube, EPIC Resins, Henkel AG and Co. KGAA, Intertronics, Master Bond Inc., MG Chemicals are the key players operating in the potting compound market.
Based on geography, North America held the largest share of the potting compound market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Potting Compound Market - By Type
1.3.2 Potting Compound Market - By Application
1.3.3 Potting Compound Market - By Curing technique
1.3.4 Potting Compound Market - By End User Industry
1.3.5 Potting Compound Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POTTING COMPOUND 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. POTTING COMPOUND 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. POTTING COMPOUND MARKET - GLOBAL MARKET ANALYSIS
6.1. POTTING COMPOUND - GLOBAL MARKET OVERVIEW
6.2. POTTING COMPOUND - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY RESIN
7.3.1. Overview
7.3.2. Epoxy Resin Market Forecast and Analysis
7.4. POLYURETHANE RESIN
7.4.1. Overview
7.4.2. Polyurethane Resin Market Forecast and Analysis
7.5. SILICONE RESIN
7.5.1. Overview
7.5.2. Silicone Resin Market Forecast and Analysis
7.6. POLYESTER SYSTEM
7.6.1. Overview
7.6.2. Polyester System Market Forecast and Analysis
7.7. POLYAMIDE
7.7.1. Overview
7.7.2. Polyamide Market Forecast and Analysis
8. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. ELECTRICAL
8.4.1. Overview
8.4.2. Electrical Market Forecast and Analysis
9. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - CURING TECHNIQUE
9.1. OVERVIEW
9.2. CURING TECHNIQUE MARKET FORECASTS AND ANALYSIS
9.3. ROOM TEMPERATURE CURED
9.3.1. Overview
9.3.2. Room Temperature Cured Market Forecast and Analysis
9.4. HIGH TEMPERATURE OR THERMALLY CURED
9.4.1. Overview
9.4.2. High Temperature Or Thermally Cured Market Forecast and Analysis
9.5. UV CURED
9.5.1. Overview
9.5.2. UV Cured Market Forecast and Analysis
10. POTTING COMPOUND MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
10.1. OVERVIEW
10.2. END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. CONSUMER ELECTRONICS
10.3.1. Overview
10.3.2. Consumer Electronics Market Forecast and Analysis
10.4. TRANSPORTATION
10.4.1. Overview
10.4.2. Transportation Market Forecast and Analysis
10.5. AUTOMOTIVE
10.5.1. Overview
10.5.2. Automotive Market Forecast and Analysis
10.6. AVIATION
10.6.1. Overview
10.6.2. Aviation Market Forecast and Analysis
10.7. MARINE
10.7.1. Overview
10.7.2. Marine Market Forecast and Analysis
10.8. ENERGY AND POWER
10.8.1. Overview
10.8.2. Energy and Power Market Forecast and Analysis
10.9. SOLAR POWER
10.9.1. Overview
10.9.2. Solar Power Market Forecast and Analysis
10.10. OTHERS
10.10.1. Overview
10.10.2. Others Market Forecast and Analysis
11. POTTING COMPOUND MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Potting Compound Market Overview
11.1.2 North America Potting Compound Market Forecasts and Analysis
11.1.3 North America Potting Compound Market Forecasts and Analysis - By Type
11.1.4 North America Potting Compound Market Forecasts and Analysis - By Application
11.1.5 North America Potting Compound Market Forecasts and Analysis - By Curing technique
11.1.6 North America Potting Compound Market Forecasts and Analysis - By End User Industry
11.1.7 North America Potting Compound Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Potting Compound Market
11.1.7.1.1 Canada Potting Compound Market by Type
11.1.7.1.2 Canada Potting Compound Market by Application
11.1.7.1.3 Canada Potting Compound Market by Curing technique
11.1.7.1.4 Canada Potting Compound Market by End User Industry
11.1.7.2 Mexico Potting Compound Market
11.1.7.2.1 Mexico Potting Compound Market by Type
11.1.7.2.2 Mexico Potting Compound Market by Application
11.1.7.2.3 Mexico Potting Compound Market by Curing technique
11.1.7.2.4 Mexico Potting Compound Market by End User Industry
11.1.7.3 US Potting Compound Market
11.1.7.3.1 US Potting Compound Market by Type
11.1.7.3.2 US Potting Compound Market by Application
11.1.7.3.3 US Potting Compound Market by Curing technique
11.1.7.3.4 US Potting Compound Market by End User Industry
11.2. EUROPE
11.2.1 Europe Potting Compound Market Overview
11.2.2 Europe Potting Compound Market Forecasts and Analysis
11.2.3 Europe Potting Compound Market Forecasts and Analysis - By Type
11.2.4 Europe Potting Compound Market Forecasts and Analysis - By Application
11.2.5 Europe Potting Compound Market Forecasts and Analysis - By Curing technique
11.2.6 Europe Potting Compound Market Forecasts and Analysis - By End User Industry
11.2.7 Europe Potting Compound Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Potting Compound Market
11.2.7.1.1 Germany Potting Compound Market by Type
11.2.7.1.2 Germany Potting Compound Market by Application
11.2.7.1.3 Germany Potting Compound Market by Curing technique
11.2.7.1.4 Germany Potting Compound Market by End User Industry
11.2.7.2 France Potting Compound Market
11.2.7.2.1 France Potting Compound Market by Type
11.2.7.2.2 France Potting Compound Market by Application
11.2.7.2.3 France Potting Compound Market by Curing technique
11.2.7.2.4 France Potting Compound Market by End User Industry
11.2.7.3 Italy Potting Compound Market
11.2.7.3.1 Italy Potting Compound Market by Type
11.2.7.3.2 Italy Potting Compound Market by Application
11.2.7.3.3 Italy Potting Compound Market by Curing technique
11.2.7.3.4 Italy Potting Compound Market by End User Industry
11.2.7.4 United Kingdom Potting Compound Market
11.2.7.4.1 United Kingdom Potting Compound Market by Type
11.2.7.4.2 United Kingdom Potting Compound Market by Application
11.2.7.4.3 United Kingdom Potting Compound Market by Curing technique
11.2.7.4.4 United Kingdom Potting Compound Market by End User Industry
11.2.7.5 Russia Potting Compound Market
11.2.7.5.1 Russia Potting Compound Market by Type
11.2.7.5.2 Russia Potting Compound Market by Application
11.2.7.5.3 Russia Potting Compound Market by Curing technique
11.2.7.5.4 Russia Potting Compound Market by End User Industry
11.2.7.6 Rest of Europe Potting Compound Market
11.2.7.6.1 Rest of Europe Potting Compound Market by Type
11.2.7.6.2 Rest of Europe Potting Compound Market by Application
11.2.7.6.3 Rest of Europe Potting Compound Market by Curing technique
11.2.7.6.4 Rest of Europe Potting Compound Market by End User Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Potting Compound Market Overview
11.3.2 Asia-Pacific Potting Compound Market Forecasts and Analysis
11.3.3 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Curing technique
11.3.6 Asia-Pacific Potting Compound Market Forecasts and Analysis - By End User Industry
11.3.7 Asia-Pacific Potting Compound Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Potting Compound Market
11.3.7.1.1 Australia Potting Compound Market by Type
11.3.7.1.2 Australia Potting Compound Market by Application
11.3.7.1.3 Australia Potting Compound Market by Curing technique
11.3.7.1.4 Australia Potting Compound Market by End User Industry
11.3.7.2 China Potting Compound Market
11.3.7.2.1 China Potting Compound Market by Type
11.3.7.2.2 China Potting Compound Market by Application
11.3.7.2.3 China Potting Compound Market by Curing technique
11.3.7.2.4 China Potting Compound Market by End User Industry
11.3.7.3 India Potting Compound Market
11.3.7.3.1 India Potting Compound Market by Type
11.3.7.3.2 India Potting Compound Market by Application
11.3.7.3.3 India Potting Compound Market by Curing technique
11.3.7.3.4 India Potting Compound Market by End User Industry
11.3.7.4 Japan Potting Compound Market
11.3.7.4.1 Japan Potting Compound Market by Type
11.3.7.4.2 Japan Potting Compound Market by Application
11.3.7.4.3 Japan Potting Compound Market by Curing technique
11.3.7.4.4 Japan Potting Compound Market by End User Industry
11.3.7.5 South Korea Potting Compound Market
11.3.7.5.1 South Korea Potting Compound Market by Type
11.3.7.5.2 South Korea Potting Compound Market by Application
11.3.7.5.3 South Korea Potting Compound Market by Curing technique
11.3.7.5.4 South Korea Potting Compound Market by End User Industry
11.3.7.6 Rest of Asia-Pacific Potting Compound Market
11.3.7.6.1 Rest of Asia-Pacific Potting Compound Market by Type
11.3.7.6.2 Rest of Asia-Pacific Potting Compound Market by Application
11.3.7.6.3 Rest of Asia-Pacific Potting Compound Market by Curing technique
11.3.7.6.4 Rest of Asia-Pacific Potting Compound Market by End User Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Potting Compound Market Overview
11.4.2 Middle East and Africa Potting Compound Market Forecasts and Analysis
11.4.3 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Curing technique
11.4.6 Middle East and Africa Potting Compound Market Forecasts and Analysis - By End User Industry
11.4.7 Middle East and Africa Potting Compound Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Potting Compound Market
11.4.7.1.1 South Africa Potting Compound Market by Type
11.4.7.1.2 South Africa Potting Compound Market by Application
11.4.7.1.3 South Africa Potting Compound Market by Curing technique
11.4.7.1.4 South Africa Potting Compound Market by End User Industry
11.4.7.2 Saudi Arabia Potting Compound Market
11.4.7.2.1 Saudi Arabia Potting Compound Market by Type
11.4.7.2.2 Saudi Arabia Potting Compound Market by Application
11.4.7.2.3 Saudi Arabia Potting Compound Market by Curing technique
11.4.7.2.4 Saudi Arabia Potting Compound Market by End User Industry
11.4.7.3 U.A.E Potting Compound Market
11.4.7.3.1 U.A.E Potting Compound Market by Type
11.4.7.3.2 U.A.E Potting Compound Market by Application
11.4.7.3.3 U.A.E Potting Compound Market by Curing technique
11.4.7.3.4 U.A.E Potting Compound Market by End User Industry
11.4.7.4 Rest of Middle East and Africa Potting Compound Market
11.4.7.4.1 Rest of Middle East and Africa Potting Compound Market by Type
11.4.7.4.2 Rest of Middle East and Africa Potting Compound Market by Application
11.4.7.4.3 Rest of Middle East and Africa Potting Compound Market by Curing technique
11.4.7.4.4 Rest of Middle East and Africa Potting Compound Market by End User Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Potting Compound Market Overview
11.5.2 South and Central America Potting Compound Market Forecasts and Analysis
11.5.3 South and Central America Potting Compound Market Forecasts and Analysis - By Type
11.5.4 South and Central America Potting Compound Market Forecasts and Analysis - By Application
11.5.5 South and Central America Potting Compound Market Forecasts and Analysis - By Curing technique
11.5.6 South and Central America Potting Compound Market Forecasts and Analysis - By End User Industry
11.5.7 South and Central America Potting Compound Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Potting Compound Market
11.5.7.1.1 Brazil Potting Compound Market by Type
11.5.7.1.2 Brazil Potting Compound Market by Application
11.5.7.1.3 Brazil Potting Compound Market by Curing technique
11.5.7.1.4 Brazil Potting Compound Market by End User Industry
11.5.7.2 Argentina Potting Compound Market
11.5.7.2.1 Argentina Potting Compound Market by Type
11.5.7.2.2 Argentina Potting Compound Market by Application
11.5.7.2.3 Argentina Potting Compound Market by Curing technique
11.5.7.2.4 Argentina Potting Compound Market by End User Industry
11.5.7.3 Rest of South and Central America Potting Compound Market
11.5.7.3.1 Rest of South and Central America Potting Compound Market by Type
11.5.7.3.2 Rest of South and Central America Potting Compound Market by Application
11.5.7.3.3 Rest of South and Central America Potting Compound Market by Curing technique
11.5.7.3.4 Rest of South and Central America Potting Compound Market by End User Industry
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. POTTING COMPOUND MARKET, KEY COMPANY PROFILES
13.1. ACC SILICONES LTD.
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. DYMAX CORPORATION
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. EFI POLYMERS
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. ELANTAS BECK INDIA LTD.
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. ELECTROLUBE
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. EPIC RESINS
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. HENKEL AG AND CO. KGAA
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. INTERTRONICS
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. MASTER BOND INC.
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. MG CHEMICALS
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
1.ACC Silicones Ltd.
2.Dymax Corporation
3.EFI Polymers
4.Elantas Beck India Ltd.
5.Electrolube
6.EPIC Resins
7.Henkel AG and Co. KGAA
8.Intertronics
9.Master Bond Inc.
10.MG Chemicals
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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