Powder Coatings Market Dynamics 2021-2031
MARKET OVERVIEW
Powder coatings are a form of a coating that is applied to surfaces in dry powder form, composed of a mixture of resins, pigments, and other additives. Application is made through electrostatic charging of powder particles using a spray gun that causes them to adhere to the surface. The powder is then heated to high temperatures, causing the powder particles to melt and fuse together, forming a continuous film on the surface. Several applications of power coatings include automotive, architectural, furniture, appliances, and industrial equipment. They are known for their durability, chemical resistance, and environmentally friendly nature.
MARKET SCOPE
The "Global Powder Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the powder coatings market with detailed segmentation by resin type, coating technology and end-use industry. The report provides key statistics on the powder coatings market status of the leading powder coatings market players and offers key trends and opportunities in the powder coatings market.
MARKET SEGMENTATION
Based on resin type, the global powder coatings market is segmented into thermoset and thermoplastic. Based on coating technology, the powder coatings market is segmented into electrostatic spray, and fluidized bed. Based on end-use industry, the powder coatings market is bifurcated into appliances, automotive, general industrial, architecture, furniture, and others.
MARKET DYNAMICS
DRIVES
- Due to excellent performance, low operating costs, color availability, and custom properties such as anti-corrosion and anti-bacterial functions, the high adoption of powder coatings in the furniture sector will drive the powder coatings market growth for the powder coating industry.
- One of the fastest-growing markets for powder coatings is the architectural and building market, primarily due to the durability provided by powder coatings. With the wide variety of colors and finishes available in powder coatings, more and more construction companies are turning to powder coatings, to provide long-term exterior finishes for outdoor venues and public work projects.
- Powder coatings are used in a wide range of industries, including automotive, electronics, furniture, architectural, and general industrial, and these factors are propelling the powder coating market forward.
RESTAIRNS
- Thermoplastic and thermoset resins are used as raw materials in powder coating production. Raw material price volatility affects powder coating raw material pricing and serves as a barrier to architectural coatings in building applications.
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 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), the Middle East and Africa (MEA), and South America. The powder 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 the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an 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 powder coatings market in these regions.
IMPACT OF COVID-19 ON POWDER COATINGS MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. A shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. A few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities.
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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 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), the Middle East and Africa (MEA), and South America. The powder 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 the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an 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 powder coatings market in these regions.
IMPACT OF COVID-19 ON POWDER COATINGS MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. A shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. A few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities.
MARKET PLAYERS
The report covers key developments in the powder 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 partnerships & collaborations. These activities have paved way for the expansion of business and the customer base of market players. The market payers from the powder coatings market are anticipated to have lucrative growth opportunities in the future with the rising demand for powder coatings in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the powder coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, the key development in the past five years.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- Jotun A/S
- Arkema S.A.
- zigmapaints.com
- Prominent Powder Pvt. Ltd.
- Tulip Paints
- The Powder Coating Institute
- Nivera Paints (India) Pvt. Ltd.
- IFS coating
- HMG Powder Coatings Limited
- OK Color.
- Bowker Machinery Ltd
- Thermaset Ltd
- Paramount Powders
- THOMAS HOWSE LIMITED
- Colour Dynamics
- Zhejiang Huacai Advanced Material CO., LTD.
- 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
1.3.1 Powder Coatings Market - By Resin type
1.3.2 Powder Coatings Market - By Coating Technology
1.3.3 Powder Coatings Market - By End Use Industry
1.3.4 Powder Coatings Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POWDER COATINGS 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. POWDER 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 AND RESTRAINTS
6. POWDER COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. POWDER COATINGS - GLOBAL MARKET OVERVIEW
6.2. POWDER COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POWDER COATINGS 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. POWDER COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - COATING TECHNOLOGY
8.1. OVERVIEW
8.2. COATING TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ELECTROSTATIC SPRAY
8.3.1. Overview
8.3.2. Electrostatic Spray Market Forecast and Analysis
8.4. FLUIDIZED BED
8.4.1. Overview
8.4.2. Fluidized Bed Market Forecast and Analysis
9. POWDER COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. APPLIANCES
9.3.1. Overview
9.3.2. Appliances Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. GENERAL INDUSTRIAL
9.5.1. Overview
9.5.2. General Industrial Market Forecast and Analysis
9.6. ARCHITECTURE
9.6.1. Overview
9.6.2. Architecture Market Forecast and Analysis
9.7. FURNITURE
9.7.1. Overview
9.7.2. Furniture Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. POWDER COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Powder Coatings Market Overview
10.1.2 North America Powder Coatings Market Forecasts and Analysis
10.1.3 North America Powder Coatings Market Forecasts and Analysis - By Resin type
10.1.4 North America Powder Coatings Market Forecasts and Analysis - By Coating Technology
10.1.5 North America Powder Coatings Market Forecasts and Analysis - By End Use Industry
10.1.6 North America Powder Coatings Market Forecasts and Analysis - By Countries
10.1.6.1 United States Powder Coatings Market
10.1.6.1.1 United States Powder Coatings Market by Resin type
10.1.6.1.2 United States Powder Coatings Market by Coating Technology
10.1.6.1.3 United States Powder Coatings Market by End Use Industry
10.1.6.2 Canada Powder Coatings Market
10.1.6.2.1 Canada Powder Coatings Market by Resin type
10.1.6.2.2 Canada Powder Coatings Market by Coating Technology
10.1.6.2.3 Canada Powder Coatings Market by End Use Industry
10.1.6.3 Mexico Powder Coatings Market
10.1.6.3.1 Mexico Powder Coatings Market by Resin type
10.1.6.3.2 Mexico Powder Coatings Market by Coating Technology
10.1.6.3.3 Mexico Powder Coatings Market by End Use Industry
10.2. EUROPE
10.2.1 Europe Powder Coatings Market Overview
10.2.2 Europe Powder Coatings Market Forecasts and Analysis
10.2.3 Europe Powder Coatings Market Forecasts and Analysis - By Resin type
10.2.4 Europe Powder Coatings Market Forecasts and Analysis - By Coating Technology
10.2.5 Europe Powder Coatings Market Forecasts and Analysis - By End Use Industry
10.2.6 Europe Powder Coatings Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Powder Coatings Market
10.2.6.1.1 Germany Powder Coatings Market by Resin type
10.2.6.1.2 Germany Powder Coatings Market by Coating Technology
10.2.6.1.3 Germany Powder Coatings Market by End Use Industry
10.2.6.2 France Powder Coatings Market
10.2.6.2.1 France Powder Coatings Market by Resin type
10.2.6.2.2 France Powder Coatings Market by Coating Technology
10.2.6.2.3 France Powder Coatings Market by End Use Industry
10.2.6.3 Italy Powder Coatings Market
10.2.6.3.1 Italy Powder Coatings Market by Resin type
10.2.6.3.2 Italy Powder Coatings Market by Coating Technology
10.2.6.3.3 Italy Powder Coatings Market by End Use Industry
10.2.6.4 United Kingdom Powder Coatings Market
10.2.6.4.1 United Kingdom Powder Coatings Market by Resin type
10.2.6.4.2 United Kingdom Powder Coatings Market by Coating Technology
10.2.6.4.3 United Kingdom Powder Coatings Market by End Use Industry
10.2.6.5 Russia Powder Coatings Market
10.2.6.5.1 Russia Powder Coatings Market by Resin type
10.2.6.5.2 Russia Powder Coatings Market by Coating Technology
10.2.6.5.3 Russia Powder Coatings Market by End Use Industry
10.2.6.6 Rest of Europe Powder Coatings Market
10.2.6.6.1 Rest of Europe Powder Coatings Market by Resin type
10.2.6.6.2 Rest of Europe Powder Coatings Market by Coating Technology
10.2.6.6.3 Rest of Europe Powder Coatings Market by End Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Powder Coatings Market Overview
10.3.2 Asia-Pacific Powder Coatings Market Forecasts and Analysis
10.3.3 Asia-Pacific Powder Coatings Market Forecasts and Analysis - By Resin type
10.3.4 Asia-Pacific Powder Coatings Market Forecasts and Analysis - By Coating Technology
10.3.5 Asia-Pacific Powder Coatings Market Forecasts and Analysis - By End Use Industry
10.3.6 Asia-Pacific Powder Coatings Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Powder Coatings Market
10.3.6.1.1 Australia Powder Coatings Market by Resin type
10.3.6.1.2 Australia Powder Coatings Market by Coating Technology
10.3.6.1.3 Australia Powder Coatings Market by End Use Industry
10.3.6.2 China Powder Coatings Market
10.3.6.2.1 China Powder Coatings Market by Resin type
10.3.6.2.2 China Powder Coatings Market by Coating Technology
10.3.6.2.3 China Powder Coatings Market by End Use Industry
10.3.6.3 India Powder Coatings Market
10.3.6.3.1 India Powder Coatings Market by Resin type
10.3.6.3.2 India Powder Coatings Market by Coating Technology
10.3.6.3.3 India Powder Coatings Market by End Use Industry
10.3.6.4 Japan Powder Coatings Market
10.3.6.4.1 Japan Powder Coatings Market by Resin type
10.3.6.4.2 Japan Powder Coatings Market by Coating Technology
10.3.6.4.3 Japan Powder Coatings Market by End Use Industry
10.3.6.5 South Korea Powder Coatings Market
10.3.6.5.1 South Korea Powder Coatings Market by Resin type
10.3.6.5.2 South Korea Powder Coatings Market by Coating Technology
10.3.6.5.3 South Korea Powder Coatings Market by End Use Industry
10.3.6.6 Rest of Asia-Pacific Powder Coatings Market
10.3.6.6.1 Rest of Asia-Pacific Powder Coatings Market by Resin type
10.3.6.6.2 Rest of Asia-Pacific Powder Coatings Market by Coating Technology
10.3.6.6.3 Rest of Asia-Pacific Powder Coatings Market by End Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Powder Coatings Market Overview
10.4.2 Middle East and Africa Powder Coatings Market Forecasts and Analysis
10.4.3 Middle East and Africa Powder Coatings Market Forecasts and Analysis - By Resin type
10.4.4 Middle East and Africa Powder Coatings Market Forecasts and Analysis - By Coating Technology
10.4.5 Middle East and Africa Powder Coatings Market Forecasts and Analysis - By End Use Industry
10.4.6 Middle East and Africa Powder Coatings Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Powder Coatings Market
10.4.6.1.1 South Africa Powder Coatings Market by Resin type
10.4.6.1.2 South Africa Powder Coatings Market by Coating Technology
10.4.6.1.3 South Africa Powder Coatings Market by End Use Industry
10.4.6.2 Saudi Arabia Powder Coatings Market
10.4.6.2.1 Saudi Arabia Powder Coatings Market by Resin type
10.4.6.2.2 Saudi Arabia Powder Coatings Market by Coating Technology
10.4.6.2.3 Saudi Arabia Powder Coatings Market by End Use Industry
10.4.6.3 U.A.E Powder Coatings Market
10.4.6.3.1 U.A.E Powder Coatings Market by Resin type
10.4.6.3.2 U.A.E Powder Coatings Market by Coating Technology
10.4.6.3.3 U.A.E Powder Coatings Market by End Use Industry
10.4.6.4 Rest of Middle East and Africa Powder Coatings Market
10.4.6.4.1 Rest of Middle East and Africa Powder Coatings Market by Resin type
10.4.6.4.2 Rest of Middle East and Africa Powder Coatings Market by Coating Technology
10.4.6.4.3 Rest of Middle East and Africa Powder Coatings Market by End Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Powder Coatings Market Overview
10.5.2 South and Central America Powder Coatings Market Forecasts and Analysis
10.5.3 South and Central America Powder Coatings Market Forecasts and Analysis - By Resin type
10.5.4 South and Central America Powder Coatings Market Forecasts and Analysis - By Coating Technology
10.5.5 South and Central America Powder Coatings Market Forecasts and Analysis - By End Use Industry
10.5.6 South and Central America Powder Coatings Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Powder Coatings Market
10.5.6.1.1 Brazil Powder Coatings Market by Resin type
10.5.6.1.2 Brazil Powder Coatings Market by Coating Technology
10.5.6.1.3 Brazil Powder Coatings Market by End Use Industry
10.5.6.2 Argentina Powder Coatings Market
10.5.6.2.1 Argentina Powder Coatings Market by Resin type
10.5.6.2.2 Argentina Powder Coatings Market by Coating Technology
10.5.6.2.3 Argentina Powder Coatings Market by End Use Industry
10.5.6.3 Rest of South and Central America Powder Coatings Market
10.5.6.3.1 Rest of South and Central America Powder Coatings Market by Resin type
10.5.6.3.2 Rest of South and Central America Powder Coatings Market by Coating Technology
10.5.6.3.3 Rest of South and Central America Powder Coatings 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. POWDER COATINGS MARKET, KEY COMPANY PROFILES
12.1. PPG INDUSTRIES, INC.
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. THE SHERWIN-WILLIAMS COMPANY
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. AKZO NOBEL N.V.
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. AXALTA COATING SYSTEMS, LLC
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. JOTUN A/S
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. ARKEMA S.A.
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. ZIGMAPAINTS.COM
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. PROMINENT POWDER PVT. LTD.
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. TULIP PAINTS
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. THE POWDER COATING INSTITUTE
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
12.11. NIVERA PAINTS (INDIA) PVT. LTD.
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. IFS COATING
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. HMG POWDER COATINGS LIMITED
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. OK COLOR.
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. BOWKER MACHINERY LTD
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. THERMASET LTD
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. PARAMOUNT POWDERS
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. THOMAS HOWSE LIMITED
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. COLOUR DYNAMICS
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. ZHEJIANG HUACAI ADVANCED MATERIAL CO., LTD.
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- Jotun A/S
- Arkema S.A.
- zigmapaints.com
- Prominent Powder Pvt. Ltd.
- Tulip Paints
- The Powder Coating Institute
- Nivera Paints (India) Pvt. Ltd.
- IFS coating
- HMG Powder Coatings Limited
- OK Color.
- Bowker Machinery Ltd
- Thermaset Ltd
- Paramount Powders
- THOMAS HOWSE LIMITED
- Colour Dynamics
- Zhejiang Huacai Advanced Material CO., LTD.
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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