Stucco Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Stucco is a construction material made of a binder, aggregates, and water. It is applied wet and hardens to a very dense solid. Stucco is used as a decorative coating for ceilings, walls, and as a sculptural and artistic material in architecture. Stucco is also used to cover less visually appealing construction materials, such as concrete, metal, cinder block, or clay brick and adobe. It is basically prepared from cement, sand, and lime and hardens into a highly durable material that requires little maintenance. Stucco is applied over a galvanized wire mesh called lath, that helps the stucco adhere to the supporting structure and strengthens the entire assembly. Stucco usually is mixed on-site and is applied in three coats.
MARKET DYNAMICS
The stucco market has witnessed significant growth owing to factors such as the development of the global construction industry coupled high purchasing power of end-users developed and emerging regions such as Europe and the Asia Pacific. Moreover, an increase in demand from emerging economies provides a huge market opportunity for the key players operating in the stucco market. However, low consumer awareness toward the availability of stucco is projected to hamper the overall growth of the stucco market.
MARKET SCOPE
The "Global Stucco 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 the stucco market with detailed market segmentation by construction type, product, insulation type, end-use and geography. The global stucco market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading stucco market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global stucco market is segmented on the basis of construction type, product, insulation type, and end-use. On the basis of construction type, the stucco market is segmented into new and renovation. The stucco market on the basis of the product is classified into traditional three-coat stucco, exterior insulating and finish systems, and newer-one coat stucco. Similarly, on the basis of insulation type the stucco market is bifurcated into insulated siding and non-insulated siding. Based on end-use the global stucco market is divided into residential and nonresidential.
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 stucco 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 America. The stucco 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 stucco 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 America after evaluating political, economic, social and technological factors affecting the stucco market in these regions.
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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 stucco 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 America. The stucco 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 stucco 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 America after evaluating political, economic, social and technological factors affecting the stucco market in these regions.
MARKET PLAYERS
The reports cover key developments in the stucco 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 way for the expansion of business and customer base of market players. The market payers from stucco market are anticipated to lucrative growth opportunities in the future with the rising demand for Stucco in the global market. Below mentioned is the list of few companies engaged in the Stucco market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stucco market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Cemex S.A.B. DE C.V.
- Dow Inc.
- Fosroc International Ltd.
- GCP Applied Technologies Inc.
- General Electric
- Heidelberg Cement
- Mapei S.P.A.
- RPM International
- Sika AG
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Stucco Market - By Construction Activity
1.3.2 Stucco Market - By Product
1.3.3 Stucco Market - By Insulation Type
1.3.4 Stucco Market - By End-Use
1.3.5 Stucco Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STUCCO 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. STUCCO 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. STUCCO MARKET - GLOBAL MARKET ANALYSIS
6.1. STUCCO - GLOBAL MARKET OVERVIEW
6.2. STUCCO - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STUCCO MARKET - REVENUE AND FORECASTS TO 2028 - CONSTRUCTION ACTIVITY
7.1. OVERVIEW
7.2. CONSTRUCTION ACTIVITY MARKET FORECASTS AND ANALYSIS
7.3. NEW
7.3.1. Overview
7.3.2. New Market Forecast and Analysis
7.4. RENOVATION
7.4.1. Overview
7.4.2. Renovation Market Forecast and Analysis
8. STUCCO MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. TRADITIONAL THREE-COAT STUCCO
8.3.1. Overview
8.3.2. Traditional Three-coat Stucco Market Forecast and Analysis
8.4. EXTERIOR INSULATING AND FINISH SYSTEMS
8.4.1. Overview
8.4.2. Exterior insulating and Finish Systems Market Forecast and Analysis
8.5. NEWER-ONE COAT STUCCO
8.5.1. Overview
8.5.2. Newer-one Coat Stucco Market Forecast and Analysis
9. STUCCO MARKET - REVENUE AND FORECASTS TO 2028 - INSULATION TYPE
9.1. OVERVIEW
9.2. INSULATION TYPE MARKET FORECASTS AND ANALYSIS
9.3. INSULATED SIDING
9.3.1. Overview
9.3.2. Insulated Siding Market Forecast and Analysis
9.4. NON-INSULATED SIDING
9.4.1. Overview
9.4.2. Non-insulated Siding Market Forecast and Analysis
10. STUCCO MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
10.1. OVERVIEW
10.2. END-USE MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. NONRESIDENTIAL
10.4.1. Overview
10.4.2. Nonresidential Market Forecast and Analysis
11. STUCCO MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Stucco Market Overview
11.1.2 North America Stucco Market Forecasts and Analysis
11.1.3 North America Stucco Market Forecasts and Analysis - By Construction Activity
11.1.4 North America Stucco Market Forecasts and Analysis - By Product
11.1.5 North America Stucco Market Forecasts and Analysis - By Insulation Type
11.1.6 North America Stucco Market Forecasts and Analysis - By End-Use
11.1.7 North America Stucco Market Forecasts and Analysis - By Countries
11.1.7.1 United States Stucco Market
11.1.7.1.1 United States Stucco Market by Construction Activity
11.1.7.1.2 United States Stucco Market by Product
11.1.7.1.3 United States Stucco Market by Insulation Type
11.1.7.1.4 United States Stucco Market by End-Use
11.1.7.2 Canada Stucco Market
11.1.7.2.1 Canada Stucco Market by Construction Activity
11.1.7.2.2 Canada Stucco Market by Product
11.1.7.2.3 Canada Stucco Market by Insulation Type
11.1.7.2.4 Canada Stucco Market by End-Use
11.1.7.3 Mexico Stucco Market
11.1.7.3.1 Mexico Stucco Market by Construction Activity
11.1.7.3.2 Mexico Stucco Market by Product
11.1.7.3.3 Mexico Stucco Market by Insulation Type
11.1.7.3.4 Mexico Stucco Market by End-Use
11.2. EUROPE
11.2.1 Europe Stucco Market Overview
11.2.2 Europe Stucco Market Forecasts and Analysis
11.2.3 Europe Stucco Market Forecasts and Analysis - By Construction Activity
11.2.4 Europe Stucco Market Forecasts and Analysis - By Product
11.2.5 Europe Stucco Market Forecasts and Analysis - By Insulation Type
11.2.6 Europe Stucco Market Forecasts and Analysis - By End-Use
11.2.7 Europe Stucco Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Stucco Market
11.2.7.1.1 Germany Stucco Market by Construction Activity
11.2.7.1.2 Germany Stucco Market by Product
11.2.7.1.3 Germany Stucco Market by Insulation Type
11.2.7.1.4 Germany Stucco Market by End-Use
11.2.7.2 France Stucco Market
11.2.7.2.1 France Stucco Market by Construction Activity
11.2.7.2.2 France Stucco Market by Product
11.2.7.2.3 France Stucco Market by Insulation Type
11.2.7.2.4 France Stucco Market by End-Use
11.2.7.3 Italy Stucco Market
11.2.7.3.1 Italy Stucco Market by Construction Activity
11.2.7.3.2 Italy Stucco Market by Product
11.2.7.3.3 Italy Stucco Market by Insulation Type
11.2.7.3.4 Italy Stucco Market by End-Use
11.2.7.4 United Kingdom Stucco Market
11.2.7.4.1 United Kingdom Stucco Market by Construction Activity
11.2.7.4.2 United Kingdom Stucco Market by Product
11.2.7.4.3 United Kingdom Stucco Market by Insulation Type
11.2.7.4.4 United Kingdom Stucco Market by End-Use
11.2.7.5 Russia Stucco Market
11.2.7.5.1 Russia Stucco Market by Construction Activity
11.2.7.5.2 Russia Stucco Market by Product
11.2.7.5.3 Russia Stucco Market by Insulation Type
11.2.7.5.4 Russia Stucco Market by End-Use
11.2.7.6 Rest of Europe Stucco Market
11.2.7.6.1 Rest of Europe Stucco Market by Construction Activity
11.2.7.6.2 Rest of Europe Stucco Market by Product
11.2.7.6.3 Rest of Europe Stucco Market by Insulation Type
11.2.7.6.4 Rest of Europe Stucco Market by End-Use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Stucco Market Overview
11.3.2 Asia-Pacific Stucco Market Forecasts and Analysis
11.3.3 Asia-Pacific Stucco Market Forecasts and Analysis - By Construction Activity
11.3.4 Asia-Pacific Stucco Market Forecasts and Analysis - By Product
11.3.5 Asia-Pacific Stucco Market Forecasts and Analysis - By Insulation Type
11.3.6 Asia-Pacific Stucco Market Forecasts and Analysis - By End-Use
11.3.7 Asia-Pacific Stucco Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Stucco Market
11.3.7.1.1 Australia Stucco Market by Construction Activity
11.3.7.1.2 Australia Stucco Market by Product
11.3.7.1.3 Australia Stucco Market by Insulation Type
11.3.7.1.4 Australia Stucco Market by End-Use
11.3.7.2 China Stucco Market
11.3.7.2.1 China Stucco Market by Construction Activity
11.3.7.2.2 China Stucco Market by Product
11.3.7.2.3 China Stucco Market by Insulation Type
11.3.7.2.4 China Stucco Market by End-Use
11.3.7.3 India Stucco Market
11.3.7.3.1 India Stucco Market by Construction Activity
11.3.7.3.2 India Stucco Market by Product
11.3.7.3.3 India Stucco Market by Insulation Type
11.3.7.3.4 India Stucco Market by End-Use
11.3.7.4 Japan Stucco Market
11.3.7.4.1 Japan Stucco Market by Construction Activity
11.3.7.4.2 Japan Stucco Market by Product
11.3.7.4.3 Japan Stucco Market by Insulation Type
11.3.7.4.4 Japan Stucco Market by End-Use
11.3.7.5 South Korea Stucco Market
11.3.7.5.1 South Korea Stucco Market by Construction Activity
11.3.7.5.2 South Korea Stucco Market by Product
11.3.7.5.3 South Korea Stucco Market by Insulation Type
11.3.7.5.4 South Korea Stucco Market by End-Use
11.3.7.6 Rest of Asia-Pacific Stucco Market
11.3.7.6.1 Rest of Asia-Pacific Stucco Market by Construction Activity
11.3.7.6.2 Rest of Asia-Pacific Stucco Market by Product
11.3.7.6.3 Rest of Asia-Pacific Stucco Market by Insulation Type
11.3.7.6.4 Rest of Asia-Pacific Stucco Market by End-Use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Stucco Market Overview
11.4.2 Middle East and Africa Stucco Market Forecasts and Analysis
11.4.3 Middle East and Africa Stucco Market Forecasts and Analysis - By Construction Activity
11.4.4 Middle East and Africa Stucco Market Forecasts and Analysis - By Product
11.4.5 Middle East and Africa Stucco Market Forecasts and Analysis - By Insulation Type
11.4.6 Middle East and Africa Stucco Market Forecasts and Analysis - By End-Use
11.4.7 Middle East and Africa Stucco Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Stucco Market
11.4.7.1.1 South Africa Stucco Market by Construction Activity
11.4.7.1.2 South Africa Stucco Market by Product
11.4.7.1.3 South Africa Stucco Market by Insulation Type
11.4.7.1.4 South Africa Stucco Market by End-Use
11.4.7.2 Saudi Arabia Stucco Market
11.4.7.2.1 Saudi Arabia Stucco Market by Construction Activity
11.4.7.2.2 Saudi Arabia Stucco Market by Product
11.4.7.2.3 Saudi Arabia Stucco Market by Insulation Type
11.4.7.2.4 Saudi Arabia Stucco Market by End-Use
11.4.7.3 U.A.E Stucco Market
11.4.7.3.1 U.A.E Stucco Market by Construction Activity
11.4.7.3.2 U.A.E Stucco Market by Product
11.4.7.3.3 U.A.E Stucco Market by Insulation Type
11.4.7.3.4 U.A.E Stucco Market by End-Use
11.4.7.4 Rest of Middle East and Africa Stucco Market
11.4.7.4.1 Rest of Middle East and Africa Stucco Market by Construction Activity
11.4.7.4.2 Rest of Middle East and Africa Stucco Market by Product
11.4.7.4.3 Rest of Middle East and Africa Stucco Market by Insulation Type
11.4.7.4.4 Rest of Middle East and Africa Stucco Market by End-Use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Stucco Market Overview
11.5.2 South and Central America Stucco Market Forecasts and Analysis
11.5.3 South and Central America Stucco Market Forecasts and Analysis - By Construction Activity
11.5.4 South and Central America Stucco Market Forecasts and Analysis - By Product
11.5.5 South and Central America Stucco Market Forecasts and Analysis - By Insulation Type
11.5.6 South and Central America Stucco Market Forecasts and Analysis - By End-Use
11.5.7 South and Central America Stucco Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Stucco Market
11.5.7.1.1 Brazil Stucco Market by Construction Activity
11.5.7.1.2 Brazil Stucco Market by Product
11.5.7.1.3 Brazil Stucco Market by Insulation Type
11.5.7.1.4 Brazil Stucco Market by End-Use
11.5.7.2 Argentina Stucco Market
11.5.7.2.1 Argentina Stucco Market by Construction Activity
11.5.7.2.2 Argentina Stucco Market by Product
11.5.7.2.3 Argentina Stucco Market by Insulation Type
11.5.7.2.4 Argentina Stucco Market by End-Use
11.5.7.3 Rest of South and Central America Stucco Market
11.5.7.3.1 Rest of South and Central America Stucco Market by Construction Activity
11.5.7.3.2 Rest of South and Central America Stucco Market by Product
11.5.7.3.3 Rest of South and Central America Stucco Market by Insulation Type
11.5.7.3.4 Rest of South and Central America Stucco Market by End-Use
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. STUCCO MARKET, KEY COMPANY PROFILES
13.1. BASF SE
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. CEMEX S.A.B. DE C.V.
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. DOW INC.
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. FOSROC INTERNATIONAL 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. GCP APPLIED TECHNOLOGIES INC.
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. GENERAL ELECTRIC
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. HEIDELBERG CEMENT
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. MAPEI S.P.A.
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. RPM INTERNATIONAL
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. SIKA AG
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. BASF SE
2. Cemex S.A.B. DE C.V.
3. Dow Inc.
4. Fosroc International Ltd.
5. GCP Applied Technologies Inc.
6. General Electric
7. Heidelberg Cement
8. Mapei S.P.A.
9. RPM International
10. Sika AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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