The Thermosetting Polymers Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The thermosetting polymers market report is segmented by type (unsaturated polyester, polyurethanes, phenolic, epoxy, amino, alkyd, vinyl ester, and others). The market is segmented based on application (construction, adhesives and sealants, electronics, automotive, medical devices, chemical process, and others). 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, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Thermosetting Polymers 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.
Thermosetting Polymers Market Segmentation
Type- Unsaturated Polyester
- Polyurethanes
- Phenolic
- Epoxy
- Amino
- Alkyd
- Vinyl Ester
- Construction
- Adhesives and Sealants
- Electronics
- Automotive
- Medical Devices
- Chemical Process
Strategic Insights
Thermosetting Polymers Market Growth Drivers- Increasing Demand in Automotive and Electronics Sectors: Thermosetting polymers, known for their high strength, heat resistance, and durability, are widely used in the automotive and electronics industries. In automotive applications, they are used in components like electrical systems, engine parts, and structural elements. In electronics, thermosetting polymers are utilized in circuit boards, connectors, and casings. As these industries expand, driven by the demand for lightweight, durable, and high-performance materials, the need for thermosetting polymers continues to grow.
- Growth of Renewable Energy and Aerospace Applications: Thermosetting polymers are crucial in renewable energy, particularly in wind energy applications, where they are used in the construction of turbine blades due to their high tensile strength and resistance to fatigue. Similarly, the aerospace industry relies on thermosetting polymers for producing lightweight, heat-resistant parts, such as in aircraft fuselages and engine components. As global demand for renewable energy and air travel increases, the market for thermosetting polymers in these industries expands.
- Advancements in Material Technology and Sustainability: Ongoing research and development in thermosetting polymers are leading to new formulations that offer improved properties, such as higher thermal stability, better chemical resistance, and enhanced environmental sustainability. The increasing demand for eco-friendly materials and more efficient manufacturing processes is promoting the use of thermosetting polymers, especially those that are recyclable or come from bio-based sources. This innovation and focus on sustainability are driving further adoption across multiple industries.
- Growth in Automotive and Aerospace Applications: The demand for thermosetting polymers is particularly strong in the automotive and aerospace industries, where they are used in parts such as engine components, body panels, and interior components. These materials offer excellent thermal stability, mechanical strength, and resistance to wear, which are critical in these high-performance applications. As the automotive industry shifts toward electric vehicles (EVs) and lightweight designs, thermosetting polymers are increasingly used to meet these requirements.
- Advancements in Resin Technologies: Innovations in resin systems, such as epoxy, phenolic, and polyurethane resins, are driving growth in the thermosetting polymers market. New formulations offer improved properties like enhanced thermal stability, better chemical resistance, and improved ease of processing. These advancements are expanding the use of thermosetting polymers in industries such as electronics, wind energy, and medical devices, where reliability and performance are essential.
- Sustainability and Recycling Challenges: While thermosetting polymers offer superior durability, recycling them remains a challenge due to their irreversible curing process. However, there is growing interest in developing sustainable alternatives and recycling technologies for thermosetting polymers. Research is underway to improve their recyclability and reduce their environmental footprint. As sustainability becomes a higher priority, the development of eco-friendly thermosetting materials is becoming an important trend in the market.
- Increased Demand in Automotive and Aerospace Industries: Thermosetting polymers, known for their high durability, heat resistance, and mechanical strength, are widely used in automotive and aerospace applications. These materials are essential in producing lightweight yet strong components, such as engine parts, body panels, and interior parts. With the push toward fuel-efficient vehicles and lighter aircraft, the demand for thermosetting polymers is increasing in both sectors.
- Growth in Electronics and Electrical Applications: The rise in consumer electronics, power generation, and electrical equipment has driven the demand for thermosetting polymers. These materials are used in the manufacturing of printed circuit boards (PCBs), insulators, switches, and connectors due to their electrical insulating properties and ability to withstand high temperatures. As the demand for electronic devices and renewable energy solutions grows, so does the need for thermosetting polymers.
- Technological Advancements in Material Development: Innovations in thermosetting polymer formulations are enhancing their performance, making them suitable for a broader range of applications. These include improvements in processing techniques, such as injection molding, and the development of more sustainable, cost-effective, and eco-friendly materials. Such advancements are helping expand the use of thermosetting polymers across industries like construction, packaging, and healthcare.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thermosetting Polymers 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 Thermosetting Polymers 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Development of sustainable and eco-friendly thermosetting polymers are expected to be the key market trends.
Growing demand for high-performance materials in automotive and aerospace is driving the market growth.
Alchemie Ltd, Asahi Kasei Corporation, BASF SE, BÜFA GmbH and Co KG, Daicel Corporation, Eastman Chemical Company, INEOS, Kanoria Chembond Pvt Ltd, LANXESS, and Mitsubishi Chemical Group are the key players operating in the thermosetting polymers market.
Based on application, the adhesives and sealants segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the thermosetting polymers market due to the strong growth of the automotive and construction industries in the region.
The Thermosetting Polymers Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Thermosetting Polymers Market - By Type
1.3.2 Thermosetting Polymers Market - By Thermoset Moulding Process Type
1.3.3 Thermosetting Polymers Market - By End-User
1.3.4 Thermosetting Polymers Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. THERMOSETTING POLYMERS 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. THERMOSETTING POLYMERS 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. THERMOSETTING POLYMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. THERMOSETTING POLYMERS - GLOBAL MARKET OVERVIEW
6.2. THERMOSETTING POLYMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. THERMOSETTING POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ALKYDS
7.3.1. Overview
7.3.2. Alkyds Market Forecast and Analysis
7.4. EPOXIES
7.4.1. Overview
7.4.2. Epoxies Market Forecast and Analysis
7.5. AMINO
7.5.1. Overview
7.5.2. Amino Market Forecast and Analysis
7.6. POLYURETHANE
7.6.1. Overview
7.6.2. Polyurethane Market Forecast and Analysis
7.7. VINYL ESTER RESIN
7.7.1. Overview
7.7.2. Vinyl Ester Resin Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. THERMOSETTING POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - THERMOSET MOULDING PROCESS TYPE
8.1. OVERVIEW
8.2. THERMOSET MOULDING PROCESS TYPE MARKET FORECASTS AND ANALYSIS
8.3. REACTIVE INJECTION MOULDING
8.3.1. Overview
8.3.2. Reactive Injection Moulding Market Forecast and Analysis
8.4. COMPRESSION MOULDING
8.4.1. Overview
8.4.2. Compression Moulding Market Forecast and Analysis
8.5. EXTRUSION MOULDING
8.5.1. Overview
8.5.2. Extrusion Moulding Market Forecast and Analysis
8.6. SPIN CASTING
8.6.1. Overview
8.6.2. Spin Casting Market Forecast and Analysis
9. THERMOSETTING POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE
9.3.1. Overview
9.3.2. Aerospace Market Forecast and Analysis
9.4. SAFETY EQUIPMENT
9.4.1. Overview
9.4.2. Safety Equipment Market Forecast and Analysis
9.5. AUTOMOBILES
9.5.1. Overview
9.5.2. Automobiles Market Forecast and Analysis
9.6. ADHESIVES
9.6.1. Overview
9.6.2. Adhesives Market Forecast and Analysis
9.7. SYNTHETIC FIBRES
9.7.1. Overview
9.7.2. Synthetic Fibres Market Forecast and Analysis
9.8. CONSUMER ELECTRONICS.
9.8.1. Overview
9.8.2. Consumer Electronics. Market Forecast and Analysis
10. THERMOSETTING POLYMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Thermosetting Polymers Market Overview
10.1.2 North America Thermosetting Polymers Market Forecasts and Analysis
10.1.3 North America Thermosetting Polymers Market Forecasts and Analysis - By Type
10.1.4 North America Thermosetting Polymers Market Forecasts and Analysis - By Thermoset Moulding Process Type
10.1.5 North America Thermosetting Polymers Market Forecasts and Analysis - By End-User
10.1.6 North America Thermosetting Polymers Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Thermosetting Polymers Market
10.1.6.1.1 Canada Thermosetting Polymers Market by Type
10.1.6.1.2 Canada Thermosetting Polymers Market by Thermoset Moulding Process Type
10.1.6.1.3 Canada Thermosetting Polymers Market by End-User
10.1.6.2 Mexico Thermosetting Polymers Market
10.1.6.2.1 Mexico Thermosetting Polymers Market by Type
10.1.6.2.2 Mexico Thermosetting Polymers Market by Thermoset Moulding Process Type
10.1.6.2.3 Mexico Thermosetting Polymers Market by End-User
10.2. EUROPE
10.2.1 Europe Thermosetting Polymers Market Overview
10.2.2 Europe Thermosetting Polymers Market Forecasts and Analysis
10.2.3 Europe Thermosetting Polymers Market Forecasts and Analysis - By Type
10.2.4 Europe Thermosetting Polymers Market Forecasts and Analysis - By Thermoset Moulding Process Type
10.2.5 Europe Thermosetting Polymers Market Forecasts and Analysis - By End-User
10.2.6 Europe Thermosetting Polymers Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Thermosetting Polymers Market
10.2.6.1.1 Germany Thermosetting Polymers Market by Type
10.2.6.1.2 Germany Thermosetting Polymers Market by Thermoset Moulding Process Type
10.2.6.1.3 Germany Thermosetting Polymers Market by End-User
10.2.6.2 France Thermosetting Polymers Market
10.2.6.2.1 France Thermosetting Polymers Market by Type
10.2.6.2.2 France Thermosetting Polymers Market by Thermoset Moulding Process Type
10.2.6.2.3 France Thermosetting Polymers Market by End-User
10.2.6.3 Italy Thermosetting Polymers Market
10.2.6.3.1 Italy Thermosetting Polymers Market by Type
10.2.6.3.2 Italy Thermosetting Polymers Market by Thermoset Moulding Process Type
10.2.6.3.3 Italy Thermosetting Polymers Market by End-User
10.2.6.4 United Kingdom Thermosetting Polymers Market
10.2.6.4.1 United Kingdom Thermosetting Polymers Market by Type
10.2.6.4.2 United Kingdom Thermosetting Polymers Market by Thermoset Moulding Process Type
10.2.6.4.3 United Kingdom Thermosetting Polymers Market by End-User
10.2.6.5 Russia Thermosetting Polymers Market
10.2.6.5.1 Russia Thermosetting Polymers Market by Type
10.2.6.5.2 Russia Thermosetting Polymers Market by Thermoset Moulding Process Type
10.2.6.5.3 Russia Thermosetting Polymers Market by End-User
10.2.6.6 Rest of Europe Thermosetting Polymers Market
10.2.6.6.1 Rest of Europe Thermosetting Polymers Market by Type
10.2.6.6.2 Rest of Europe Thermosetting Polymers Market by Thermoset Moulding Process Type
10.2.6.6.3 Rest of Europe Thermosetting Polymers Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Thermosetting Polymers Market Overview
10.3.2 Asia-Pacific Thermosetting Polymers Market Forecasts and Analysis
10.3.3 Asia-Pacific Thermosetting Polymers Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Thermosetting Polymers Market Forecasts and Analysis - By Thermoset Moulding Process Type
10.3.5 Asia-Pacific Thermosetting Polymers Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Thermosetting Polymers Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Thermosetting Polymers Market
10.3.6.1.1 Australia Thermosetting Polymers Market by Type
10.3.6.1.2 Australia Thermosetting Polymers Market by Thermoset Moulding Process Type
10.3.6.1.3 Australia Thermosetting Polymers Market by End-User
10.3.6.2 China Thermosetting Polymers Market
10.3.6.2.1 China Thermosetting Polymers Market by Type
10.3.6.2.2 China Thermosetting Polymers Market by Thermoset Moulding Process Type
10.3.6.2.3 China Thermosetting Polymers Market by End-User
10.3.6.3 India Thermosetting Polymers Market
10.3.6.3.1 India Thermosetting Polymers Market by Type
10.3.6.3.2 India Thermosetting Polymers Market by Thermoset Moulding Process Type
10.3.6.3.3 India Thermosetting Polymers Market by End-User
10.3.6.4 Japan Thermosetting Polymers Market
10.3.6.4.1 Japan Thermosetting Polymers Market by Type
10.3.6.4.2 Japan Thermosetting Polymers Market by Thermoset Moulding Process Type
10.3.6.4.3 Japan Thermosetting Polymers Market by End-User
10.3.6.5 South Korea Thermosetting Polymers Market
10.3.6.5.1 South Korea Thermosetting Polymers Market by Type
10.3.6.5.2 South Korea Thermosetting Polymers Market by Thermoset Moulding Process Type
10.3.6.5.3 South Korea Thermosetting Polymers Market by End-User
10.3.6.6 Rest of Asia-Pacific Thermosetting Polymers Market
10.3.6.6.1 Rest of Asia-Pacific Thermosetting Polymers Market by Type
10.3.6.6.2 Rest of Asia-Pacific Thermosetting Polymers Market by Thermoset Moulding Process Type
10.3.6.6.3 Rest of Asia-Pacific Thermosetting Polymers Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Thermosetting Polymers Market Overview
10.4.2 Middle East and Africa Thermosetting Polymers Market Forecasts and Analysis
10.4.3 Middle East and Africa Thermosetting Polymers Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Thermosetting Polymers Market Forecasts and Analysis - By Thermoset Moulding Process Type
10.4.5 Middle East and Africa Thermosetting Polymers Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Thermosetting Polymers Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Thermosetting Polymers Market
10.4.6.1.1 South Africa Thermosetting Polymers Market by Type
10.4.6.1.2 South Africa Thermosetting Polymers Market by Thermoset Moulding Process Type
10.4.6.1.3 South Africa Thermosetting Polymers Market by End-User
10.4.6.2 Saudi Arabia Thermosetting Polymers Market
10.4.6.2.1 Saudi Arabia Thermosetting Polymers Market by Type
10.4.6.2.2 Saudi Arabia Thermosetting Polymers Market by Thermoset Moulding Process Type
10.4.6.2.3 Saudi Arabia Thermosetting Polymers Market by End-User
10.4.6.3 U.A.E Thermosetting Polymers Market
10.4.6.3.1 U.A.E Thermosetting Polymers Market by Type
10.4.6.3.2 U.A.E Thermosetting Polymers Market by Thermoset Moulding Process Type
10.4.6.3.3 U.A.E Thermosetting Polymers Market by End-User
10.4.6.4 Rest of Middle East and Africa Thermosetting Polymers Market
10.4.6.4.1 Rest of Middle East and Africa Thermosetting Polymers Market by Type
10.4.6.4.2 Rest of Middle East and Africa Thermosetting Polymers Market by Thermoset Moulding Process Type
10.4.6.4.3 Rest of Middle East and Africa Thermosetting Polymers Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Thermosetting Polymers Market Overview
10.5.2 South and Central America Thermosetting Polymers Market Forecasts and Analysis
10.5.3 South and Central America Thermosetting Polymers Market Forecasts and Analysis - By Type
10.5.4 South and Central America Thermosetting Polymers Market Forecasts and Analysis - By Thermoset Moulding Process Type
10.5.5 South and Central America Thermosetting Polymers Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Thermosetting Polymers Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Thermosetting Polymers Market
10.5.6.1.1 Brazil Thermosetting Polymers Market by Type
10.5.6.1.2 Brazil Thermosetting Polymers Market by Thermoset Moulding Process Type
10.5.6.1.3 Brazil Thermosetting Polymers Market by End-User
10.5.6.2 Argentina Thermosetting Polymers Market
10.5.6.2.1 Argentina Thermosetting Polymers Market by Type
10.5.6.2.2 Argentina Thermosetting Polymers Market by Thermoset Moulding Process Type
10.5.6.2.3 Argentina Thermosetting Polymers Market by End-User
10.5.6.3 Rest of South and Central America Thermosetting Polymers Market
10.5.6.3.1 Rest of South and Central America Thermosetting Polymers Market by Type
10.5.6.3.2 Rest of South and Central America Thermosetting Polymers Market by Thermoset Moulding Process Type
10.5.6.3.3 Rest of South and Central America Thermosetting Polymers Market by End-User
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. THERMOSETTING POLYMERS MARKET, KEY COMPANY PROFILES
12.1. SAUDI KAYAN PETROCHEMICAL CO.
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. AMERICAN PACKAGING CORPORATION
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. AEP INDUSTRIES
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. THE DOW CHEMICAL COMPANY
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. TEIJIN CHEMICALS
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. NORTH AMERICAN PIPE CORPORATION
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. RELIANCE INDUSTRIES LIMITED
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. DUPONT 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. GAIL (INDIA) LIMITED
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. NATIONAL PETROCHEMICAL COMPANY (NPC)
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
1. Saudi Kayan Petrochemical Co.
2. American Packaging Corporation
3. AEP Industries
4. The Dow Chemical Company
5. Teijin Chemicals
6. North American Pipe Corporation
7. Reliance Industries Limited
8. DuPont Corporation
9. GAIL (India) Limited
10. National Petrochemical Company (NPC)
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