The Tackifiers Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on type (hydrocarbon resins, rosin resins, and terpene resins). The report is segmented by application (hot melt adhesives, pressure sensitive adhesives, and others). The report is segmented by end-use industry (packaging, nonwoven, woodworking, construction, automotive, bookbinding, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Tackifiers 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.
Tackifiers Market Segmentation
Type- Hydrocarbon Resins
- Rosin Resins
- Terpene Resins
- Hot Melt Adhesives
- Pressure Sensitive Adhesives
Strategic Insights
Tackifiers Market Growth Drivers- Growing Demand in Packaging Industry: As e-commerce expands globally, the demand for efficient and durable packaging solutions increases. Tackifiers are essential in creating strong, reliable adhesives for packaging materials, driving significant market growth in industries like food, beverage, and consumer goods packaging.
- Rising Automotive Applications: The increasing use of adhesives in automotive assembly, especially for lightweight materials and noise reduction, is boosting demand for tackifiers. These resins are vital for automotive bonding, improving the performance and safety of components such as dashboards, panels, and seals.
- Technological Advancements in Adhesive Formulations: Ongoing innovations in tackifier resin formulations to enhance adhesion strength, temperature stability, and durability are driving market expansion. As manufacturers improve resin technology, they meet the growing demand for high-performance adhesives used across industries like electronics, construction, and packaging.
- Shift to Bio-based and Sustainable Tackifiers: The demand for eco-friendly, renewable solutions is driving the development of bio-based tackifiers. Manufacturers are focusing on creating plant-derived, recyclable, and low-VOC resins to meet consumer and regulatory expectations for greener products, aligning with the trend toward sustainability in the adhesive industry.
- Increasing Use in Pressure-Sensitive Adhesives (PSAs): Tackifiers are increasingly used in pressure-sensitive adhesives, particularly for labels, tapes, and medical applications. The demand for durable, easy-to-use PSAs in industries like healthcare, packaging, and automotive is a significant trend, driving growth for tackifier resins tailored for high-performance applications.
- Customization of Tackifiers for Specific Applications: There’s a growing trend toward the customization of tackifier resins to meet the specialized needs of different industries. Manufacturers are tailoring tackifiers for specific properties, such as high-temperature resistance or UV stability, which is leading to a broader application range in automotive, electronics, and construction.
- Innovation in Renewable Raw Materials: Tackifier manufacturers have an opportunity to invest in the development of renewable raw materials for resin production. By utilizing bio-based and sustainable feedstocks, manufacturers can capture growing demand in environmentally conscious markets, particularly in packaging and personal care sectors, which seek eco-friendly solutions.
- Growth in Medical and Healthcare Applications: The healthcare sector offers substantial growth potential for tackifiers. Resins used in medical adhesives for wound dressings, surgical tapes, and drug delivery systems are increasingly in demand, creating new opportunities for manufacturers to innovate and expand their product offerings in the medical field.
- Expanding in Emerging Markets: Emerging markets, particularly in Asia and Latin America, present significant growth opportunities for the tackifier market. Rapid industrialization and urbanization are driving demand for adhesives in sectors like construction, automotive, and packaging, giving manufacturers an opportunity to expand their presence in these fast-growing regions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tackifiers 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 Tackifiers 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.
REGIONAL FRAMEWORK
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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
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to country scope.
Frequently Asked Questions
The rise in sustainable and bio-based solutions is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the tackifier market, due to the region's rapidly growing automotive, construction, packaging, and manufacturing sectors, where tackifiers are widely used in adhesives and sealants. Countries like China, India, Japan, and South Korea are key contributors to this growth.
The growing rubber and adhesives industry is driving the market growth.
Based on type, the hydrocarbon resins segment is expected to witness the fastest growth during the forecast period
Eastman Chemical Company; DRT; Exxon Mobil Corporation; Lawter; Kolon Industries, Inc.; Seacon Corporation; BASF SE; KRATON CORPORATION; SI Group, Inc.; and Schill+Seilacher are some of the tackifier market
The Tackifiers Market is estimated to witness a CAGR of 5% from 2023 to 2031
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 Tackifiers Market - By Type
1.3.2 Tackifiers Market - By Form
1.3.3 Tackifiers Market - By Application
1.3.4 Tackifiers Market - By End-Use Industry
1.3.5 Tackifiers Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TACKIFIERS 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. TACKIFIERS 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. TACKIFIERS MARKET - GLOBAL MARKET ANALYSIS
6.1. TACKIFIERS - GLOBAL MARKET OVERVIEW
6.2. TACKIFIERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TACKIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL
7.3.1. Overview
7.3.2. Natural Market Forecast and Analysis
7.4. SYNTHETIC
7.4.1. Overview
7.4.2. Synthetic Market Forecast and Analysis
8. TACKIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. SOLID
8.3.1. Overview
8.3.2. Solid Market Forecast and Analysis
8.4. LIQUID
8.4.1. Overview
8.4.2. Liquid Market Forecast and Analysis
8.5. RESIN DISPERSION
8.5.1. Overview
8.5.2. Resin Dispersion Market Forecast and Analysis
9. TACKIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. TAPES AND LABELS
9.3.1. Overview
9.3.2. Tapes and Labels Market Forecast and Analysis
9.4. ASSEMBLY ADHESIVES
9.4.1. Overview
9.4.2. Assembly Adhesives Market Forecast and Analysis
9.5. BOOKBINDING ADHESIVES
9.5.1. Overview
9.5.2. Bookbinding Adhesives Market Forecast and Analysis
9.6. FOOTWEAR LEATHER AND RUBBER
9.6.1. Overview
9.6.2. Footwear Leather and Rubber Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. TACKIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
10.1. OVERVIEW
10.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. AUTOMOTIVE
10.3.1. Overview
10.3.2. Automotive Market Forecast and Analysis
10.4. BUILDING AND CONSTRUCTION
10.4.1. Overview
10.4.2. Building and Construction Market Forecast and Analysis
10.5. PACKAGING
10.5.1. Overview
10.5.2. Packaging Market Forecast and Analysis
10.6. NON-WOVENS
10.6.1. Overview
10.6.2. Non-Wovens Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. TACKIFIERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Tackifiers Market Overview
11.1.2 North America Tackifiers Market Forecasts and Analysis
11.1.3 North America Tackifiers Market Forecasts and Analysis - By Type
11.1.4 North America Tackifiers Market Forecasts and Analysis - By Form
11.1.5 North America Tackifiers Market Forecasts and Analysis - By Application
11.1.6 North America Tackifiers Market Forecasts and Analysis - By End-Use Industry
11.1.7 North America Tackifiers Market Forecasts and Analysis - By Countries
11.1.7.1 United States Tackifiers Market
11.1.7.1.1 United States Tackifiers Market by Type
11.1.7.1.2 United States Tackifiers Market by Form
11.1.7.1.3 United States Tackifiers Market by Application
11.1.7.1.4 United States Tackifiers Market by End-Use Industry
11.1.7.2 Canada Tackifiers Market
11.1.7.2.1 Canada Tackifiers Market by Type
11.1.7.2.2 Canada Tackifiers Market by Form
11.1.7.2.3 Canada Tackifiers Market by Application
11.1.7.2.4 Canada Tackifiers Market by End-Use Industry
11.1.7.3 Mexico Tackifiers Market
11.1.7.3.1 Mexico Tackifiers Market by Type
11.1.7.3.2 Mexico Tackifiers Market by Form
11.1.7.3.3 Mexico Tackifiers Market by Application
11.1.7.3.4 Mexico Tackifiers Market by End-Use Industry
11.2. EUROPE
11.2.1 Europe Tackifiers Market Overview
11.2.2 Europe Tackifiers Market Forecasts and Analysis
11.2.3 Europe Tackifiers Market Forecasts and Analysis - By Type
11.2.4 Europe Tackifiers Market Forecasts and Analysis - By Form
11.2.5 Europe Tackifiers Market Forecasts and Analysis - By Application
11.2.6 Europe Tackifiers Market Forecasts and Analysis - By End-Use Industry
11.2.7 Europe Tackifiers Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Tackifiers Market
11.2.7.1.1 Germany Tackifiers Market by Type
11.2.7.1.2 Germany Tackifiers Market by Form
11.2.7.1.3 Germany Tackifiers Market by Application
11.2.7.1.4 Germany Tackifiers Market by End-Use Industry
11.2.7.2 France Tackifiers Market
11.2.7.2.1 France Tackifiers Market by Type
11.2.7.2.2 France Tackifiers Market by Form
11.2.7.2.3 France Tackifiers Market by Application
11.2.7.2.4 France Tackifiers Market by End-Use Industry
11.2.7.3 Italy Tackifiers Market
11.2.7.3.1 Italy Tackifiers Market by Type
11.2.7.3.2 Italy Tackifiers Market by Form
11.2.7.3.3 Italy Tackifiers Market by Application
11.2.7.3.4 Italy Tackifiers Market by End-Use Industry
11.2.7.4 United Kingdom Tackifiers Market
11.2.7.4.1 United Kingdom Tackifiers Market by Type
11.2.7.4.2 United Kingdom Tackifiers Market by Form
11.2.7.4.3 United Kingdom Tackifiers Market by Application
11.2.7.4.4 United Kingdom Tackifiers Market by End-Use Industry
11.2.7.5 Russia Tackifiers Market
11.2.7.5.1 Russia Tackifiers Market by Type
11.2.7.5.2 Russia Tackifiers Market by Form
11.2.7.5.3 Russia Tackifiers Market by Application
11.2.7.5.4 Russia Tackifiers Market by End-Use Industry
11.2.7.6 Rest of Europe Tackifiers Market
11.2.7.6.1 Rest of Europe Tackifiers Market by Type
11.2.7.6.2 Rest of Europe Tackifiers Market by Form
11.2.7.6.3 Rest of Europe Tackifiers Market by Application
11.2.7.6.4 Rest of Europe Tackifiers Market by End-Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Tackifiers Market Overview
11.3.2 Asia-Pacific Tackifiers Market Forecasts and Analysis
11.3.3 Asia-Pacific Tackifiers Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Tackifiers Market Forecasts and Analysis - By Form
11.3.5 Asia-Pacific Tackifiers Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Tackifiers Market Forecasts and Analysis - By End-Use Industry
11.3.7 Asia-Pacific Tackifiers Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Tackifiers Market
11.3.7.1.1 Australia Tackifiers Market by Type
11.3.7.1.2 Australia Tackifiers Market by Form
11.3.7.1.3 Australia Tackifiers Market by Application
11.3.7.1.4 Australia Tackifiers Market by End-Use Industry
11.3.7.2 China Tackifiers Market
11.3.7.2.1 China Tackifiers Market by Type
11.3.7.2.2 China Tackifiers Market by Form
11.3.7.2.3 China Tackifiers Market by Application
11.3.7.2.4 China Tackifiers Market by End-Use Industry
11.3.7.3 India Tackifiers Market
11.3.7.3.1 India Tackifiers Market by Type
11.3.7.3.2 India Tackifiers Market by Form
11.3.7.3.3 India Tackifiers Market by Application
11.3.7.3.4 India Tackifiers Market by End-Use Industry
11.3.7.4 Japan Tackifiers Market
11.3.7.4.1 Japan Tackifiers Market by Type
11.3.7.4.2 Japan Tackifiers Market by Form
11.3.7.4.3 Japan Tackifiers Market by Application
11.3.7.4.4 Japan Tackifiers Market by End-Use Industry
11.3.7.5 South Korea Tackifiers Market
11.3.7.5.1 South Korea Tackifiers Market by Type
11.3.7.5.2 South Korea Tackifiers Market by Form
11.3.7.5.3 South Korea Tackifiers Market by Application
11.3.7.5.4 South Korea Tackifiers Market by End-Use Industry
11.3.7.6 Rest of Asia-Pacific Tackifiers Market
11.3.7.6.1 Rest of Asia-Pacific Tackifiers Market by Type
11.3.7.6.2 Rest of Asia-Pacific Tackifiers Market by Form
11.3.7.6.3 Rest of Asia-Pacific Tackifiers Market by Application
11.3.7.6.4 Rest of Asia-Pacific Tackifiers Market by End-Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Tackifiers Market Overview
11.4.2 Middle East and Africa Tackifiers Market Forecasts and Analysis
11.4.3 Middle East and Africa Tackifiers Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Tackifiers Market Forecasts and Analysis - By Form
11.4.5 Middle East and Africa Tackifiers Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Tackifiers Market Forecasts and Analysis - By End-Use Industry
11.4.7 Middle East and Africa Tackifiers Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Tackifiers Market
11.4.7.1.1 South Africa Tackifiers Market by Type
11.4.7.1.2 South Africa Tackifiers Market by Form
11.4.7.1.3 South Africa Tackifiers Market by Application
11.4.7.1.4 South Africa Tackifiers Market by End-Use Industry
11.4.7.2 Saudi Arabia Tackifiers Market
11.4.7.2.1 Saudi Arabia Tackifiers Market by Type
11.4.7.2.2 Saudi Arabia Tackifiers Market by Form
11.4.7.2.3 Saudi Arabia Tackifiers Market by Application
11.4.7.2.4 Saudi Arabia Tackifiers Market by End-Use Industry
11.4.7.3 U.A.E Tackifiers Market
11.4.7.3.1 U.A.E Tackifiers Market by Type
11.4.7.3.2 U.A.E Tackifiers Market by Form
11.4.7.3.3 U.A.E Tackifiers Market by Application
11.4.7.3.4 U.A.E Tackifiers Market by End-Use Industry
11.4.7.4 Rest of Middle East and Africa Tackifiers Market
11.4.7.4.1 Rest of Middle East and Africa Tackifiers Market by Type
11.4.7.4.2 Rest of Middle East and Africa Tackifiers Market by Form
11.4.7.4.3 Rest of Middle East and Africa Tackifiers Market by Application
11.4.7.4.4 Rest of Middle East and Africa Tackifiers Market by End-Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Tackifiers Market Overview
11.5.2 South and Central America Tackifiers Market Forecasts and Analysis
11.5.3 South and Central America Tackifiers Market Forecasts and Analysis - By Type
11.5.4 South and Central America Tackifiers Market Forecasts and Analysis - By Form
11.5.5 South and Central America Tackifiers Market Forecasts and Analysis - By Application
11.5.6 South and Central America Tackifiers Market Forecasts and Analysis - By End-Use Industry
11.5.7 South and Central America Tackifiers Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Tackifiers Market
11.5.7.1.1 Brazil Tackifiers Market by Type
11.5.7.1.2 Brazil Tackifiers Market by Form
11.5.7.1.3 Brazil Tackifiers Market by Application
11.5.7.1.4 Brazil Tackifiers Market by End-Use Industry
11.5.7.2 Argentina Tackifiers Market
11.5.7.2.1 Argentina Tackifiers Market by Type
11.5.7.2.2 Argentina Tackifiers Market by Form
11.5.7.2.3 Argentina Tackifiers Market by Application
11.5.7.2.4 Argentina Tackifiers Market by End-Use Industry
11.5.7.3 Rest of South and Central America Tackifiers Market
11.5.7.3.1 Rest of South and Central America Tackifiers Market by Type
11.5.7.3.2 Rest of South and Central America Tackifiers Market by Form
11.5.7.3.3 Rest of South and Central America Tackifiers Market by Application
11.5.7.3.4 Rest of South and Central America Tackifiers Market by End-Use Industry
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. TACKIFIERS MARKET, KEY COMPANY PROFILES
13.1. ARAKAWA CHEMICAL INDUSTRIES,LTD.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. DRT (DéRIVéS RéSINIQUES ET TERPéNIQUES)
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. EASTMAN CHEMICAL COMPANY
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. EXXON MOBIL CORPORATION
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. GUANGDONG KOMO CO.,LTD
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. KRATON CORPORATION
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. LSC ENVIRONMENTAL PRODUCTS LLC
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. NEVILLE CHEMICAL COMPANY
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. SI GROUP, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. YASUHARA CHEMICAL CO., LTD.
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
The List of Companies
- Arakawa Chemical Industries,Ltd.
- DRT (Derives Resiniques et Terpeniques)
- Eastman Chemical Company
- Exxon Mobil Corporation
- Guangdong KOMO Co., Ltd--
- Kraton Corporation
- LSC Environmental Products LLC
- Neville Chemical Company
- SI Group, Inc.
- Yasuhara Chemical 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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