The Reactive Adhesives Market is expected to register a CAGR of 6.5% 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 resin type (polyurethane, epoxy, cyanoacrylate, modified acrylic, anaerobic, silicone, and others). The report is further segmented by end-use industry (automotive, building and construction, renewable energy, consumer goods, electrical and electronics, healthcare, and others). The report scope covers five 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 the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Reactive 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.
Reactive Adhesives Market Segmentation
Resin Type- Polyurethane
- Epoxy
- Cyanoacrylate
- Modified Acrylic
- Anaerobic
- Silicone
- Automotive
- Building and Construction
- Renewable Energy
- Consumer Goods
- Electrical and Electronics
- Healthcare
Strategic Insights
Reactive Adhesives Market Growth Drivers- Growth in Automotive and Transportation Sectors: Automotive and transportation sectors constitute a major driver for reactive adhesives. As cars continue to be made lighter and more fuel-efficient, more manufacturers are turning towards using advanced adhesives that can easily bond composite materials like carbon fiber and lightweight metals, which are used in the making of electric vehicles (EVs) and lightweight cars.
- Environmental Sustainability and Eco-friendly Adhesives: Increasing environmental awareness pushes the demand for more sustainable and eco-friendly materials in various industries. Reactive adhesives are often preferred over traditional adhesives because they offer high durability and lower emissions, thus reducing waste and increasing the product life cycle. Growing attention to environmental sustainability, coupled with even stricter regulations about VOC, or volatile organic compounds emission, has promoted industries related to construction, electronics, and packaging to adopt reactive adhesives that are now called environmentally friendly adhesives.
- Advancements in Adhesive Technology: Major advancements in adhesive technology have recently driven growth in this market significantly; this includes developments into superfast curing and high performance with temperature resistance level adhesives. The introduction of newer forms of chemical formulations of such products that include bio-based and hybrid adhesives expanded the scope for utilizing reactive adhesives and has expanded into a very different number of applications for its adoption across various industry applications ranging from aerospace and construction industries to electronics.
- Rise of Reactive Hot Melt Adhesives (RHMA): Reactive hot melt adhesives are becoming popular since they cure rapidly, and the adhesives are easy to use and more economical in applications such as packaging, automotive, and electronics. This type of adhesive is particularly preferred in applications that require rapid bonding, and it can be formulated to have superior thermal stability, higher bonding strength, and improved environmental resistance compared to traditional hot melts. Demand for RHMA is rising due to the fact that manufacturers seek improvements in efficiency without any sacrifice in performance.
- Push for Bio-Based and Sustainable Adhesives: Growing environmental concerns with an increased focus on sustainability. There's a trend for the development and adoption of bio-based reactive adhesives. These adhesives are produced from renewable resources, namely from plant-based oils, starches, or bio-based polymers. There is a push in this direction both by consumer demands for green products and governmental policies seeking to reduce carbon footprint. Bio-based adhesives also have the prospect of better biodegradability and less environmental footprint throughout their lifecycle.
- Expanding Demand in Electronics and Consumer Goods: There is increasing demand for reactive adhesives in the electronics industry to encapsulate sensitive components, bond displays, and assemble consumer electronics. Higher demands for smartphones, wearables, and other electronic products have led to higher utilization of reactive adhesives because they offer robust bonds with minimal surface preparation while resisting heat and moisture. Similarly, in consumer goods, reactive adhesives are being used for packaging, sealing, and bonding purposes, resulting in market growth.
- Growth Potential in Emerging Economies: Emerging economies have enormous growth opportunities in reactive adhesives. Countries such as China, India, and Brazil have massive growth potential as they become more industrialized and urbanized. There will be an increased demand for advanced adhesives in these regions. Their automotive, construction, and electronics sectors represent a new, unexplored market for reactive adhesives. Local facilities with a customized solution may attract regional markets as companies look to grow their market share.
- Opportunities in Renewable Energy: One of the prime areas of opportunity for reactive adhesives is in the rapidly developing area of renewable energy, such as solar and wind. Reactive adhesives are bonded to the pieces comprising renewable energy, such as laminates for photovoltaic panels and blades and blade tip attachments for wind turbines. The trend towards the use of more clean energies will also give this market high-performance adhesives required to survive against extreme environments and ensure more efficiency and durability in such renewable energy systems.
- Healthcare Industry Growth: The healthcare industry is one promising area for reactive adhesives. Their increased usage in medical device manufacturing, wound care, and drug delivery systems based on their biocompatibility and high bonding strength, along with a potential to bond to wide ranges of substrates ranging from metals to plastics, ceramics, etc., places the industry in a highly promising category. Continuous advancements in medical technology, particularly minimally invasive surgeries and wearable medical devices, will continue to demand specialty adhesives. This trend may offer companies the opportunity to come up with new products based on specific features such as bio-adhesiveness and non-toxicity, with the possibility of being sterilized.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Reactive 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 Reactive 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.
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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
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
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to country scope.
Frequently Asked Questions
Increased adoption of reactive hot melt adhesives is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the reactive adhesives market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Sika AG, 3M Co, AdCo (UK) Ltd, American Biltrite Inc, Arkema SA, Avery Dennison Corp, Collano AG, DOW Inc, H.B. Fuller Co, and Jowat SE
The major factors driving the reactive adhesives market are:
1. Growing Demand in Automotive and Transportation Sectors.
2. Rising Demand for Sustainable and Eco-friendly Products.
The Reactive Adhesives Market is estimated to witness a CAGR of 6.5% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Reactive Adhesives Market - By Resin Type
1.3.2Reactive Adhesives Market - By End-User Industry
1.3.3Reactive Adhesives Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.REACTIVE ADHESIVES MARKET L and SCAPE
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.REACTIVE 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 and RESTRAINTS
6.REACTIVE ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1.REACTIVE ADHESIVES - GLOBAL MARKET OVERVIEW
6.2.REACTIVE ADHESIVES - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.REACTIVE ADHESIVES MARKET - REVENUE and FORECASTS TO 2028 - RESIN TYPE
7.1.OVERVIEW
7.2.RESIN TYPE MARKET FORECASTS and ANALYSIS
7.3.EPOXY
7.3.1.Overview
7.3.2.Epoxy Market Forecast and Analysis
7.4.MODIFIED ACRYLICS
7.4.1.Overview
7.4.2.Modified Acrylics Market Forecast and Analysis
7.5.SILICONE
7.5.1.Overview
7.5.2.Silicone Market Forecast and Analysis
7.6.POLYURETHANE
7.6.1.Overview
7.6.2.Polyurethane Market Forecast and Analysis
7.7.ANAEROBIC
7.7.1.Overview
7.7.2.Anaerobic Market Forecast and Analysis
7.8.CYANOACRYLATES
7.8.1.Overview
7.8.2.Cyanoacrylates Market Forecast and Analysis
7.9.OTHERS
7.9.1.Overview
7.9.2.Others Market Forecast and Analysis
8.REACTIVE ADHESIVES MARKET - REVENUE and FORECASTS TO 2028 - END-USER INDUSTRY
8.1.OVERVIEW
8.2.END-USER INDUSTRY MARKET FORECASTS and ANALYSIS
8.3.BUILDING and CONSTRUCTION
8.3.1.Overview
8.3.2.Building and Construction Market Forecast and Analysis
8.4.WIND TURBINES
8.4.1.Overview
8.4.2.Wind Turbines Market Forecast and Analysis
8.5.TRANSPORTATION
8.5.1.Overview
8.5.2.Transportation Market Forecast and Analysis
8.6.HEALTHCARE
8.6.1.Overview
8.6.2.Healthcare Market Forecast and Analysis
8.7.ELECTRONICS
8.7.1.Overview
8.7.2.Electronics Market Forecast and Analysis
8.8.AEROSPACE
8.8.1.Overview
8.8.2.Aerospace Market Forecast and Analysis
8.9.SPORTS and LEISURE
8.9.1.Overview
8.9.2.Sports and Leisure Market Forecast and Analysis
8.10.OTHERS
8.10.1.Overview
8.10.2.Others Market Forecast and Analysis
9.REACTIVE ADHESIVES MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Reactive Adhesives Market Overview
9.1.2North America Reactive Adhesives Market Forecasts and Analysis
9.1.3North America Reactive Adhesives Market Forecasts and Analysis - By Resin Type
9.1.4North America Reactive Adhesives Market Forecasts and Analysis - By End-User Industry
9.1.5North America Reactive Adhesives Market Forecasts and Analysis - By Countries
9.1.5.1Canada Reactive Adhesives Market
9.1.5.1.1Canada Reactive Adhesives Market by Resin Type
9.1.5.1.2Canada Reactive Adhesives Market by End-User Industry
9.1.5.2Mexico Reactive Adhesives Market
9.1.5.2.1Mexico Reactive Adhesives Market by Resin Type
9.1.5.2.2Mexico Reactive Adhesives Market by End-User Industry
9.1.5.3US Reactive Adhesives Market
9.1.5.3.1US Reactive Adhesives Market by Resin Type
9.1.5.3.2US Reactive Adhesives Market by End-User Industry
9.2.EUROPE
9.2.1Europe Reactive Adhesives Market Overview
9.2.2Europe Reactive Adhesives Market Forecasts and Analysis
9.2.3Europe Reactive Adhesives Market Forecasts and Analysis - By Resin Type
9.2.4Europe Reactive Adhesives Market Forecasts and Analysis - By End-User Industry
9.2.5Europe Reactive Adhesives Market Forecasts and Analysis - By Countries
9.2.5.1Germany Reactive Adhesives Market
9.2.5.1.1Germany Reactive Adhesives Market by Resin Type
9.2.5.1.2Germany Reactive Adhesives Market by End-User Industry
9.2.5.2France Reactive Adhesives Market
9.2.5.2.1France Reactive Adhesives Market by Resin Type
9.2.5.2.2France Reactive Adhesives Market by End-User Industry
9.2.5.3Italy Reactive Adhesives Market
9.2.5.3.1Italy Reactive Adhesives Market by Resin Type
9.2.5.3.2Italy Reactive Adhesives Market by End-User Industry
9.2.5.4United Kingdom Reactive Adhesives Market
9.2.5.4.1United Kingdom Reactive Adhesives Market by Resin Type
9.2.5.4.2United Kingdom Reactive Adhesives Market by End-User Industry
9.2.5.5Russia Reactive Adhesives Market
9.2.5.5.1Russia Reactive Adhesives Market by Resin Type
9.2.5.5.2Russia Reactive Adhesives Market by End-User Industry
9.2.5.6Rest of Europe Reactive Adhesives Market
9.2.5.6.1Rest of Europe Reactive Adhesives Market by Resin Type
9.2.5.6.2Rest of Europe Reactive Adhesives Market by End-User Industry
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Reactive Adhesives Market Overview
9.3.2Asia-Pacific Reactive Adhesives Market Forecasts and Analysis
9.3.3Asia-Pacific Reactive Adhesives Market Forecasts and Analysis - By Resin Type
9.3.4Asia-Pacific Reactive Adhesives Market Forecasts and Analysis - By End-User Industry
9.3.5Asia-Pacific Reactive Adhesives Market Forecasts and Analysis - By Countries
9.3.5.1Australia Reactive Adhesives Market
9.3.5.1.1Australia Reactive Adhesives Market by Resin Type
9.3.5.1.2Australia Reactive Adhesives Market by End-User Industry
9.3.5.2China Reactive Adhesives Market
9.3.5.2.1China Reactive Adhesives Market by Resin Type
9.3.5.2.2China Reactive Adhesives Market by End-User Industry
9.3.5.3India Reactive Adhesives Market
9.3.5.3.1India Reactive Adhesives Market by Resin Type
9.3.5.3.2India Reactive Adhesives Market by End-User Industry
9.3.5.4Japan Reactive Adhesives Market
9.3.5.4.1Japan Reactive Adhesives Market by Resin Type
9.3.5.4.2Japan Reactive Adhesives Market by End-User Industry
9.3.5.5South Korea Reactive Adhesives Market
9.3.5.5.1South Korea Reactive Adhesives Market by Resin Type
9.3.5.5.2South Korea Reactive Adhesives Market by End-User Industry
9.3.5.6Rest of Asia-Pacific Reactive Adhesives Market
9.3.5.6.1Rest of Asia-Pacific Reactive Adhesives Market by Resin Type
9.3.5.6.2Rest of Asia-Pacific Reactive Adhesives Market by End-User Industry
9.4.MIDDLE EAST and AFRICA
9.4.1Middle East and Africa Reactive Adhesives Market Overview
9.4.2Middle East and Africa Reactive Adhesives Market Forecasts and Analysis
9.4.3Middle East and Africa Reactive Adhesives Market Forecasts and Analysis - By Resin Type
9.4.4Middle East and Africa Reactive Adhesives Market Forecasts and Analysis - By End-User Industry
9.4.5Middle East and Africa Reactive Adhesives Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Reactive Adhesives Market
9.4.5.1.1South Africa Reactive Adhesives Market by Resin Type
9.4.5.1.2South Africa Reactive Adhesives Market by End-User Industry
9.4.5.2Saudi Arabia Reactive Adhesives Market
9.4.5.2.1Saudi Arabia Reactive Adhesives Market by Resin Type
9.4.5.2.2Saudi Arabia Reactive Adhesives Market by End-User Industry
9.4.5.3U.A.E Reactive Adhesives Market
9.4.5.3.1U.A.E Reactive Adhesives Market by Resin Type
9.4.5.3.2U.A.E Reactive Adhesives Market by End-User Industry
9.4.5.4Rest of Middle East and Africa Reactive Adhesives Market
9.4.5.4.1Rest of Middle East and Africa Reactive Adhesives Market by Resin Type
9.4.5.4.2Rest of Middle East and Africa Reactive Adhesives Market by End-User Industry
9.5.SOUTH and CENTRAL AMERICA
9.5.1South and Central America Reactive Adhesives Market Overview
9.5.2South and Central America Reactive Adhesives Market Forecasts and Analysis
9.5.3South and Central America Reactive Adhesives Market Forecasts and Analysis - By Resin Type
9.5.4South and Central America Reactive Adhesives Market Forecasts and Analysis - By End-User Industry
9.5.5South and Central America Reactive Adhesives Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Reactive Adhesives Market
9.5.5.1.1Brazil Reactive Adhesives Market by Resin Type
9.5.5.1.2Brazil Reactive Adhesives Market by End-User Industry
9.5.5.2Argentina Reactive Adhesives Market
9.5.5.2.1Argentina Reactive Adhesives Market by Resin Type
9.5.5.2.2Argentina Reactive Adhesives Market by End-User Industry
9.5.5.3Rest of South and Central America Reactive Adhesives Market
9.5.5.3.1Rest of South and Central America Reactive Adhesives Market by Resin Type
9.5.5.3.2Rest of South and Central America Reactive Adhesives Market by End-User Industry
10.INDUSTRY L and SCAPE
10.1.MERGERS and ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS and JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS and OTHER STRATEGIC DEVELOPMENTS
11.REACTIVE ADHESIVES MARKET, KEY COMPANY PROFILES
11.1.3M
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ADCO UK LIMITED
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.AMERICAN BILTRITE INC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.ARKEMA GROUP
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.ASHL and GLOBAL SPECIALTY CHEMICALS INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.AVERY DENNISON CORPORATION
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.COLLANO ADHESIVES AG.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.DELO INDUSTRIE KLEBSTOFFE GMBH. and CO. KGAA.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.DOW CHEMICAL COMPANY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.FRANKLIN INTERNATIONAL
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. 3m2. Adco Uk Limited3. American Biltrite Inc. 4. Arkema Group5. Ashl and Global Specialty Chemicals Inc. 6. Avery Dennison Corporation7. Collano Adhesives Ag. 8. Delo Industrie Klebstoffe Gmbh. and Co. Kgaa. 9. Dow Chemical Company10. Franklin International
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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