Structural Adhesives Market Dynamics 2021-2031
MARKET OVERVIEW
The structural adhesives market refers to the market for adhesives that are used to bond two or more materials together in a permanent manner to provide strength and stability to the structure. These adhesives are widely used in various industries, including construction, automotive, and consumer goods, due to their ability to bond materials securely and withstand harsh environmental conditions. The growing demand for lightweight and durable products is driving the need for structural adhesives, and the market is expected to grow significantly in the coming years.
MARKET DYNAMICS
The structural adhesives market is anticipated to grow in the forecast period owing to improvements in the quality of structural adhesives coupled with the growing trend for lightweight and low carbon emitting vehicles. Increasing penetration of composites and the pent up demand for adhesives in building & construction and wind energy applications have boosted the growth of the structural adhesives market. However, different characteristic limitations of various adhesives restrict the growth of the structural adhesives market. On the other hand, increasing demand for non-hazardous, green, and sustainable structural adhesives are likely to showcase growth opportunities for the structural adhesives market during the forecast period.
MARKET SCOPE
The "Global Structural Adhesives Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of structural adhesives market with detailed market segmentation by resin, substrate, applications, and geography. The global structural adhesives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading structural adhesives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global structural adhesives market is segmented on the basis of resin, substrate and applications. Based on resin, the market is segmented as epoxy, polyurethane, acrylic, methyl methacrylate, cyanoacrylate, and others. The strutural adhesives market on the basis of substrate is classified into metals, plastics, wood, composites, and others. On the basis of application, the market is segmented as building & construction, automotive, aerospace, wind energy, marine, rail, and other 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 structural adhesives market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The structural adhesives 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 structural adhesives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the structural adhesives market in these regions.
Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global structural adhesives market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The structural adhesives 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 structural adhesives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the structural adhesives market in these regions.
MARKET PLAYERS
The reports cover key developments in the structural adhesives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from structural adhesives market are anticipated to lucrative growth opportunities in the future with the rising demand for structural adhesives in the global market. Below mentioned is the list of few companies engaged in the structural adhesives market.
The report also includes the profiles of key structural adhesives companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- 3M
- Ashland
- Bostik
- H.B. Fuller
- Henkel AG & Co. KGaA
- Huntsman International LLC.
- Illinois Tool Works Inc.
- Lord Corporation
- Sika AG
- The DOW Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- 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.
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 Structural Adhesives Market - By Resin
1.3.2 Structural Adhesives Market - By Substrate
1.3.3 Structural Adhesives Market - By Applications
1.3.4 Structural Adhesives Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. STRUCTURAL 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. STRUCTURAL 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. STRUCTURAL ADHESIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. STRUCTURAL ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. STRUCTURAL ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STRUCTURAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN
7.1. OVERVIEW
7.2. RESIN MARKET FORECASTS AND ANALYSIS
7.3. EPOXY
7.3.1. Overview
7.3.2. Epoxy Market Forecast and Analysis
7.4. POLYURETHANE
7.4.1. Overview
7.4.2. Polyurethane Market Forecast and Analysis
7.5. ACRYLIC
7.5.1. Overview
7.5.2. Acrylic Market Forecast and Analysis
7.6. METHYL METHACRYLATE
7.6.1. Overview
7.6.2. Methyl Methacrylate Market Forecast and Analysis
7.7. CYANOACRYLATE
7.7.1. Overview
7.7.2. Cyanoacrylate Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. STRUCTURAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
8.1. OVERVIEW
8.2. SUBSTRATE MARKET FORECASTS AND ANALYSIS
8.3. METALS
8.3.1. Overview
8.3.2. Metals Market Forecast and Analysis
8.4. PLASTICS
8.4.1. Overview
8.4.2. Plastics Market Forecast and Analysis
8.5. WOOD
8.5.1. Overview
8.5.2. Wood Market Forecast and Analysis
8.6. COMPOSITES
8.6.1. Overview
8.6.2. Composites Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. STRUCTURAL ADHESIVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
9.1. OVERVIEW
9.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
9.3. BUILDING AND CONSTRUCTION
9.3.1. Overview
9.3.2. Building and Construction Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. AEROSPACE
9.5.1. Overview
9.5.2. Aerospace Market Forecast and Analysis
9.6. WIND ENERGY
9.6.1. Overview
9.6.2. Wind Energy Market Forecast and Analysis
9.7. MARINE
9.7.1. Overview
9.7.2. Marine Market Forecast and Analysis
9.8. RAIL
9.8.1. Overview
9.8.2. Rail Market Forecast and Analysis
9.9. OTHER APPLICATIONS
9.9.1. Overview
9.9.2. Other Applications Market Forecast and Analysis
10. STRUCTURAL ADHESIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Structural Adhesives Market Overview
10.1.2 North America Structural Adhesives Market Forecasts and Analysis
10.1.3 North America Structural Adhesives Market Forecasts and Analysis - By Resin
10.1.4 North America Structural Adhesives Market Forecasts and Analysis - By Substrate
10.1.5 North America Structural Adhesives Market Forecasts and Analysis - By Applications
10.1.6 North America Structural Adhesives Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Structural Adhesives Market
10.1.6.1.1 Canada Structural Adhesives Market by Resin
10.1.6.1.2 Canada Structural Adhesives Market by Substrate
10.1.6.1.3 Canada Structural Adhesives Market by Applications
10.1.6.2 Mexico Structural Adhesives Market
10.1.6.2.1 Mexico Structural Adhesives Market by Resin
10.1.6.2.2 Mexico Structural Adhesives Market by Substrate
10.1.6.2.3 Mexico Structural Adhesives Market by Applications
10.1.6.3 US Structural Adhesives Market
10.1.6.3.1 US Structural Adhesives Market by Resin
10.1.6.3.2 US Structural Adhesives Market by Substrate
10.1.6.3.3 US Structural Adhesives Market by Applications
10.2. EUROPE
10.2.1 Europe Structural Adhesives Market Overview
10.2.2 Europe Structural Adhesives Market Forecasts and Analysis
10.2.3 Europe Structural Adhesives Market Forecasts and Analysis - By Resin
10.2.4 Europe Structural Adhesives Market Forecasts and Analysis - By Substrate
10.2.5 Europe Structural Adhesives Market Forecasts and Analysis - By Applications
10.2.6 Europe Structural Adhesives Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Structural Adhesives Market
10.2.6.1.1 Germany Structural Adhesives Market by Resin
10.2.6.1.2 Germany Structural Adhesives Market by Substrate
10.2.6.1.3 Germany Structural Adhesives Market by Applications
10.2.6.2 France Structural Adhesives Market
10.2.6.2.1 France Structural Adhesives Market by Resin
10.2.6.2.2 France Structural Adhesives Market by Substrate
10.2.6.2.3 France Structural Adhesives Market by Applications
10.2.6.3 Italy Structural Adhesives Market
10.2.6.3.1 Italy Structural Adhesives Market by Resin
10.2.6.3.2 Italy Structural Adhesives Market by Substrate
10.2.6.3.3 Italy Structural Adhesives Market by Applications
10.2.6.4 United Kingdom Structural Adhesives Market
10.2.6.4.1 United Kingdom Structural Adhesives Market by Resin
10.2.6.4.2 United Kingdom Structural Adhesives Market by Substrate
10.2.6.4.3 United Kingdom Structural Adhesives Market by Applications
10.2.6.5 Russia Structural Adhesives Market
10.2.6.5.1 Russia Structural Adhesives Market by Resin
10.2.6.5.2 Russia Structural Adhesives Market by Substrate
10.2.6.5.3 Russia Structural Adhesives Market by Applications
10.2.6.6 Rest of Europe Structural Adhesives Market
10.2.6.6.1 Rest of Europe Structural Adhesives Market by Resin
10.2.6.6.2 Rest of Europe Structural Adhesives Market by Substrate
10.2.6.6.3 Rest of Europe Structural Adhesives Market by Applications
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Structural Adhesives Market Overview
10.3.2 Asia-Pacific Structural Adhesives Market Forecasts and Analysis
10.3.3 Asia-Pacific Structural Adhesives Market Forecasts and Analysis - By Resin
10.3.4 Asia-Pacific Structural Adhesives Market Forecasts and Analysis - By Substrate
10.3.5 Asia-Pacific Structural Adhesives Market Forecasts and Analysis - By Applications
10.3.6 Asia-Pacific Structural Adhesives Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Structural Adhesives Market
10.3.6.1.1 Australia Structural Adhesives Market by Resin
10.3.6.1.2 Australia Structural Adhesives Market by Substrate
10.3.6.1.3 Australia Structural Adhesives Market by Applications
10.3.6.2 China Structural Adhesives Market
10.3.6.2.1 China Structural Adhesives Market by Resin
10.3.6.2.2 China Structural Adhesives Market by Substrate
10.3.6.2.3 China Structural Adhesives Market by Applications
10.3.6.3 India Structural Adhesives Market
10.3.6.3.1 India Structural Adhesives Market by Resin
10.3.6.3.2 India Structural Adhesives Market by Substrate
10.3.6.3.3 India Structural Adhesives Market by Applications
10.3.6.4 Japan Structural Adhesives Market
10.3.6.4.1 Japan Structural Adhesives Market by Resin
10.3.6.4.2 Japan Structural Adhesives Market by Substrate
10.3.6.4.3 Japan Structural Adhesives Market by Applications
10.3.6.5 South Korea Structural Adhesives Market
10.3.6.5.1 South Korea Structural Adhesives Market by Resin
10.3.6.5.2 South Korea Structural Adhesives Market by Substrate
10.3.6.5.3 South Korea Structural Adhesives Market by Applications
10.3.6.6 Rest of Asia-Pacific Structural Adhesives Market
10.3.6.6.1 Rest of Asia-Pacific Structural Adhesives Market by Resin
10.3.6.6.2 Rest of Asia-Pacific Structural Adhesives Market by Substrate
10.3.6.6.3 Rest of Asia-Pacific Structural Adhesives Market by Applications
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Structural Adhesives Market Overview
10.4.2 Middle East and Africa Structural Adhesives Market Forecasts and Analysis
10.4.3 Middle East and Africa Structural Adhesives Market Forecasts and Analysis - By Resin
10.4.4 Middle East and Africa Structural Adhesives Market Forecasts and Analysis - By Substrate
10.4.5 Middle East and Africa Structural Adhesives Market Forecasts and Analysis - By Applications
10.4.6 Middle East and Africa Structural Adhesives Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Structural Adhesives Market
10.4.6.1.1 South Africa Structural Adhesives Market by Resin
10.4.6.1.2 South Africa Structural Adhesives Market by Substrate
10.4.6.1.3 South Africa Structural Adhesives Market by Applications
10.4.6.2 Saudi Arabia Structural Adhesives Market
10.4.6.2.1 Saudi Arabia Structural Adhesives Market by Resin
10.4.6.2.2 Saudi Arabia Structural Adhesives Market by Substrate
10.4.6.2.3 Saudi Arabia Structural Adhesives Market by Applications
10.4.6.3 U.A.E Structural Adhesives Market
10.4.6.3.1 U.A.E Structural Adhesives Market by Resin
10.4.6.3.2 U.A.E Structural Adhesives Market by Substrate
10.4.6.3.3 U.A.E Structural Adhesives Market by Applications
10.4.6.4 Rest of Middle East and Africa Structural Adhesives Market
10.4.6.4.1 Rest of Middle East and Africa Structural Adhesives Market by Resin
10.4.6.4.2 Rest of Middle East and Africa Structural Adhesives Market by Substrate
10.4.6.4.3 Rest of Middle East and Africa Structural Adhesives Market by Applications
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Structural Adhesives Market Overview
10.5.2 South and Central America Structural Adhesives Market Forecasts and Analysis
10.5.3 South and Central America Structural Adhesives Market Forecasts and Analysis - By Resin
10.5.4 South and Central America Structural Adhesives Market Forecasts and Analysis - By Substrate
10.5.5 South and Central America Structural Adhesives Market Forecasts and Analysis - By Applications
10.5.6 South and Central America Structural Adhesives Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Structural Adhesives Market
10.5.6.1.1 Brazil Structural Adhesives Market by Resin
10.5.6.1.2 Brazil Structural Adhesives Market by Substrate
10.5.6.1.3 Brazil Structural Adhesives Market by Applications
10.5.6.2 Argentina Structural Adhesives Market
10.5.6.2.1 Argentina Structural Adhesives Market by Resin
10.5.6.2.2 Argentina Structural Adhesives Market by Substrate
10.5.6.2.3 Argentina Structural Adhesives Market by Applications
10.5.6.3 Rest of South and Central America Structural Adhesives Market
10.5.6.3.1 Rest of South and Central America Structural Adhesives Market by Resin
10.5.6.3.2 Rest of South and Central America Structural Adhesives Market by Substrate
10.5.6.3.3 Rest of South and Central America Structural Adhesives Market by Applications
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. STRUCTURAL 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. ASHLAND
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. BOSTIK
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. H.B. FULLER
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. HENKEL AG AND CO. KGAA
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. HUNTSMAN INTERNATIONAL LLC.
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. ILLINOIS TOOL WORKS INC.
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. LORD CORPORATION
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. SIKA AG
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 DOW CHEMICAL COMPANY
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
The List of Companies
- 3M
- Ashland
- Bostik
- H.B. Fuller
- Henkel AG & Co. KGaA
- Huntsman International LLC.
- Illinois Tool Works Inc.
- Lord Corporation
- Sika AG
- The DOW Chemical Company
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.
Get Free Sample For