The Tile Adhesives and Stone Adhesives Market is expected to register a CAGR of 8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Chemistry (Cementitious, Epoxy). The global analysis is further broken-down at regional level and major countries. The report further presents analysis based on Application (Residential, Commercial, Institutional). 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 Tile Adhesives and Stone Adhesives Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Tile Adhesives and Stone Adhesives Market Segmentation
Chemistry- Cementitious
- Epoxy
- Residential
- Commercial
- Institutional
Strategic Insights
Tile Adhesives and Stone Adhesives Market Growth Drivers- Global Construction Boom Increases Demand for Tile and Stone Adhesives: As both residential and commercial construction activities increase globally, the demand for tile and stone adhesives is rising. Adhesives are essential for ensuring the stability and longevity of tile and stone installations, especially in high-traffic areas and exterior surfaces.
- Consumer Preference for Durable, Easy-to-Apply Tile Adhesives Drives Market Growth: Consumers and professionals are increasingly seeking tile adhesives that are easy to apply, durable, and resistant to moisture and temperature fluctuations. The market is benefiting from innovations in adhesive formulations that offer better performance and ease of use.
- Demand for Aesthetic and Low-Maintenance Flooring Fuels Tile Adhesive Market: The increasing demand for aesthetically pleasing, long-lasting, and low-maintenance flooring and wall solutions is fueling the demand for high-quality tile and stone adhesives, particularly in upscale residential and commercial projects.
- Growth in High-Performance Tile and Stone Adhesives to Meet Durability and Quick-Setting Demands: The market for tile and stone adhesives will see continued growth with the development of high-performance solutions that offer enhanced durability, moisture resistance, and quick-setting properties. These innovations will meet the increasing demand for longer-lasting and faster application in both residential and commercial projects.
- Sustainability Trends Boost Demand for Eco-Friendly Tile and Stone Adhesives: As sustainability becomes more important in the construction sector, there will be a growing demand for eco-friendly tile adhesives and stone adhesives. Products that are low in volatile organic compounds (VOCs) and made from sustainable materials will gain popularity.
- Advances in Application Technology Drive Efficiency in Tile Adhesive Use: The use of advanced equipment and application techniques, such as automated and precision mixing systems, will streamline the process of applying tile adhesives and stone adhesives, improving efficiency and ensuring better bonding performance.
- Demand for Premium Tile and Stone Adhesives in High-End Residential and Commercial Projects: As the construction industry sees an increase in high-end and luxury residential and commercial projects, there is a growing demand for superior-quality adhesives. This presents an opportunity for manufacturers to offer premium adhesives that cater to these specific market segments.
- Innovation in Superior Bonding Strength, Fast Curing, and Environmental Resistance for Tile Adhesives: The development of adhesives with superior bonding strength, faster curing times, and improved environmental resistance is an opportunity in the tile and stone adhesives market. Innovations such as waterproof or heat-resistant adhesives will open up new application areas.
- Opportunities in Developing Eco-Friendly, Plant-Based Adhesives for Green Building and Sustainability Trends: With growing consumer preference for environmentally friendly and non-toxic products, there is an opportunity to develop adhesives made from sustainable materials, including plant-based ingredients, to cater to the green building movement and eco-conscious consumers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tile Adhesives and Stone Adhesives Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Tile Adhesives and Stone Adhesives Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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
This text is related
to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the tile adhesives and stone adhesives market due to the well-established construction industry across the region, coupled with continuous growth and development
Advancements in high-performance and specialized adhesives is expected to be the key market trends
Laticrete International
; Mapei
; Bostik (Arkema)
; Sika AG
; Henkel AG & Co. KGaA
; Weber
; Fosroc
; Ardex Group
; Rohm and Haas
; Ceresit
; Custom Building Products
; National Adhesives
; Kerakoll
; Sopro Bauchemie
Based on chemistry, the cementious segment is expected to witness the fastest growth during the forecast period
The Tile Adhesives and Stone Adhesives Market is estimated to witness a CAGR of 8% from 2023 to 2031
Expansion of the construction and renovation industries is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tile Adhesives And Stone Adhesives - By Chemistry
1.3.2 Tile Adhesives And Stone Adhesives - By Application
1.3.3 Tile Adhesives And Stone Adhesives - By Construction Activity
1.3.4 Tile Adhesives And Stone Adhesives - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TILE ADHESIVES AND STONE ADHESIVES 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. TILE ADHESIVES AND STONE ADHESIVES - 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. TILE ADHESIVES AND STONE ADHESIVES - GLOBAL MARKET ANALYSIS
6.1. TILE ADHESIVES AND STONE ADHESIVES - GLOBAL MARKET OVERVIEW
6.2. TILE ADHESIVES AND STONE ADHESIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TILE ADHESIVES AND STONE ADHESIVES - REVENUE AND FORECASTS TO 2028 - CHEMISTRY
7.1. OVERVIEW
7.2. CHEMISTRY MARKET FORECASTS AND ANALYSIS
7.3. CEMENTITIOUS
7.3.1. Overview
7.3.2. Cementitious Market Forecast and Analysis
7.4. EPOXY
7.4.1. Overview
7.4.2. Epoxy Market Forecast and Analysis
8. TILE ADHESIVES AND STONE ADHESIVES - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INSTITUTIONAL
8.5.1. Overview
8.5.2. Institutional Market Forecast and Analysis
9. TILE ADHESIVES AND STONE ADHESIVES - REVENUE AND FORECASTS TO 2028 - CONSTRUCTION ACTIVITY
9.1. OVERVIEW
9.2. CONSTRUCTION ACTIVITY MARKET FORECASTS AND ANALYSIS
9.3. NEW CONSTRUCTION
9.3.1. Overview
9.3.2. New Construction Market Forecast and Analysis
9.4. REPAIRS AND RENOVATION
9.4.1. Overview
9.4.2. Repairs and Renovation Market Forecast and Analysis
10. TILE ADHESIVES AND STONE ADHESIVES REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tile Adhesives And Stone Adhesives Overview
10.1.2 North America Tile Adhesives And Stone Adhesives Forecasts and Analysis
10.1.3 North America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Chemistry
10.1.4 North America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Application
10.1.5 North America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Construction Activity
10.1.6 North America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Countries
10.1.6.1 United States Tile Adhesives And Stone Adhesives
10.1.6.1.1 United States Tile Adhesives And Stone Adhesives by Chemistry
10.1.6.1.2 United States Tile Adhesives And Stone Adhesives by Application
10.1.6.1.3 United States Tile Adhesives And Stone Adhesives by Construction Activity
10.1.6.2 Canada Tile Adhesives And Stone Adhesives
10.1.6.2.1 Canada Tile Adhesives And Stone Adhesives by Chemistry
10.1.6.2.2 Canada Tile Adhesives And Stone Adhesives by Application
10.1.6.2.3 Canada Tile Adhesives And Stone Adhesives by Construction Activity
10.1.6.3 Mexico Tile Adhesives And Stone Adhesives
10.1.6.3.1 Mexico Tile Adhesives And Stone Adhesives by Chemistry
10.1.6.3.2 Mexico Tile Adhesives And Stone Adhesives by Application
10.1.6.3.3 Mexico Tile Adhesives And Stone Adhesives by Construction Activity
10.2. EUROPE
10.2.1 Europe Tile Adhesives And Stone Adhesives Overview
10.2.2 Europe Tile Adhesives And Stone Adhesives Forecasts and Analysis
10.2.3 Europe Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Chemistry
10.2.4 Europe Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Application
10.2.5 Europe Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Construction Activity
10.2.6 Europe Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Countries
10.2.6.1 Germany Tile Adhesives And Stone Adhesives
10.2.6.1.1 Germany Tile Adhesives And Stone Adhesives by Chemistry
10.2.6.1.2 Germany Tile Adhesives And Stone Adhesives by Application
10.2.6.1.3 Germany Tile Adhesives And Stone Adhesives by Construction Activity
10.2.6.2 France Tile Adhesives And Stone Adhesives
10.2.6.2.1 France Tile Adhesives And Stone Adhesives by Chemistry
10.2.6.2.2 France Tile Adhesives And Stone Adhesives by Application
10.2.6.2.3 France Tile Adhesives And Stone Adhesives by Construction Activity
10.2.6.3 Italy Tile Adhesives And Stone Adhesives
10.2.6.3.1 Italy Tile Adhesives And Stone Adhesives by Chemistry
10.2.6.3.2 Italy Tile Adhesives And Stone Adhesives by Application
10.2.6.3.3 Italy Tile Adhesives And Stone Adhesives by Construction Activity
10.2.6.4 United Kingdom Tile Adhesives And Stone Adhesives
10.2.6.4.1 United Kingdom Tile Adhesives And Stone Adhesives by Chemistry
10.2.6.4.2 United Kingdom Tile Adhesives And Stone Adhesives by Application
10.2.6.4.3 United Kingdom Tile Adhesives And Stone Adhesives by Construction Activity
10.2.6.5 Russia Tile Adhesives And Stone Adhesives
10.2.6.5.1 Russia Tile Adhesives And Stone Adhesives by Chemistry
10.2.6.5.2 Russia Tile Adhesives And Stone Adhesives by Application
10.2.6.5.3 Russia Tile Adhesives And Stone Adhesives by Construction Activity
10.2.6.6 Rest of Europe Tile Adhesives And Stone Adhesives
10.2.6.6.1 Rest of Europe Tile Adhesives And Stone Adhesives by Chemistry
10.2.6.6.2 Rest of Europe Tile Adhesives And Stone Adhesives by Application
10.2.6.6.3 Rest of Europe Tile Adhesives And Stone Adhesives by Construction Activity
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tile Adhesives And Stone Adhesives Overview
10.3.2 Asia-Pacific Tile Adhesives And Stone Adhesives Forecasts and Analysis
10.3.3 Asia-Pacific Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Chemistry
10.3.4 Asia-Pacific Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Construction Activity
10.3.6 Asia-Pacific Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Countries
10.3.6.1 Australia Tile Adhesives And Stone Adhesives
10.3.6.1.1 Australia Tile Adhesives And Stone Adhesives by Chemistry
10.3.6.1.2 Australia Tile Adhesives And Stone Adhesives by Application
10.3.6.1.3 Australia Tile Adhesives And Stone Adhesives by Construction Activity
10.3.6.2 China Tile Adhesives And Stone Adhesives
10.3.6.2.1 China Tile Adhesives And Stone Adhesives by Chemistry
10.3.6.2.2 China Tile Adhesives And Stone Adhesives by Application
10.3.6.2.3 China Tile Adhesives And Stone Adhesives by Construction Activity
10.3.6.3 India Tile Adhesives And Stone Adhesives
10.3.6.3.1 India Tile Adhesives And Stone Adhesives by Chemistry
10.3.6.3.2 India Tile Adhesives And Stone Adhesives by Application
10.3.6.3.3 India Tile Adhesives And Stone Adhesives by Construction Activity
10.3.6.4 Japan Tile Adhesives And Stone Adhesives
10.3.6.4.1 Japan Tile Adhesives And Stone Adhesives by Chemistry
10.3.6.4.2 Japan Tile Adhesives And Stone Adhesives by Application
10.3.6.4.3 Japan Tile Adhesives And Stone Adhesives by Construction Activity
10.3.6.5 South Korea Tile Adhesives And Stone Adhesives
10.3.6.5.1 South Korea Tile Adhesives And Stone Adhesives by Chemistry
10.3.6.5.2 South Korea Tile Adhesives And Stone Adhesives by Application
10.3.6.5.3 South Korea Tile Adhesives And Stone Adhesives by Construction Activity
10.3.6.6 Rest of Asia-Pacific Tile Adhesives And Stone Adhesives
10.3.6.6.1 Rest of Asia-Pacific Tile Adhesives And Stone Adhesives by Chemistry
10.3.6.6.2 Rest of Asia-Pacific Tile Adhesives And Stone Adhesives by Application
10.3.6.6.3 Rest of Asia-Pacific Tile Adhesives And Stone Adhesives by Construction Activity
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tile Adhesives And Stone Adhesives Overview
10.4.2 Middle East and Africa Tile Adhesives And Stone Adhesives Forecasts and Analysis
10.4.3 Middle East and Africa Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Chemistry
10.4.4 Middle East and Africa Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Construction Activity
10.4.6 Middle East and Africa Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tile Adhesives And Stone Adhesives
10.4.6.1.1 South Africa Tile Adhesives And Stone Adhesives by Chemistry
10.4.6.1.2 South Africa Tile Adhesives And Stone Adhesives by Application
10.4.6.1.3 South Africa Tile Adhesives And Stone Adhesives by Construction Activity
10.4.6.2 Saudi Arabia Tile Adhesives And Stone Adhesives
10.4.6.2.1 Saudi Arabia Tile Adhesives And Stone Adhesives by Chemistry
10.4.6.2.2 Saudi Arabia Tile Adhesives And Stone Adhesives by Application
10.4.6.2.3 Saudi Arabia Tile Adhesives And Stone Adhesives by Construction Activity
10.4.6.3 U.A.E Tile Adhesives And Stone Adhesives
10.4.6.3.1 U.A.E Tile Adhesives And Stone Adhesives by Chemistry
10.4.6.3.2 U.A.E Tile Adhesives And Stone Adhesives by Application
10.4.6.3.3 U.A.E Tile Adhesives And Stone Adhesives by Construction Activity
10.4.6.4 Rest of Middle East and Africa Tile Adhesives And Stone Adhesives
10.4.6.4.1 Rest of Middle East and Africa Tile Adhesives And Stone Adhesives by Chemistry
10.4.6.4.2 Rest of Middle East and Africa Tile Adhesives And Stone Adhesives by Application
10.4.6.4.3 Rest of Middle East and Africa Tile Adhesives And Stone Adhesives by Construction Activity
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tile Adhesives And Stone Adhesives Overview
10.5.2 South and Central America Tile Adhesives And Stone Adhesives Forecasts and Analysis
10.5.3 South and Central America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Chemistry
10.5.4 South and Central America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Application
10.5.5 South and Central America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Construction Activity
10.5.6 South and Central America Tile Adhesives And Stone Adhesives Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tile Adhesives And Stone Adhesives
10.5.6.1.1 Brazil Tile Adhesives And Stone Adhesives by Chemistry
10.5.6.1.2 Brazil Tile Adhesives And Stone Adhesives by Application
10.5.6.1.3 Brazil Tile Adhesives And Stone Adhesives by Construction Activity
10.5.6.2 Argentina Tile Adhesives And Stone Adhesives
10.5.6.2.1 Argentina Tile Adhesives And Stone Adhesives by Chemistry
10.5.6.2.2 Argentina Tile Adhesives And Stone Adhesives by Application
10.5.6.2.3 Argentina Tile Adhesives And Stone Adhesives by Construction Activity
10.5.6.3 Rest of South and Central America Tile Adhesives And Stone Adhesives
10.5.6.3.1 Rest of South and Central America Tile Adhesives And Stone Adhesives by Chemistry
10.5.6.3.2 Rest of South and Central America Tile Adhesives And Stone Adhesives by Application
10.5.6.3.3 Rest of South and Central America Tile Adhesives And Stone Adhesives by Construction Activity
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. TILE ADHESIVES AND STONE ADHESIVES, KEY COMPANY PROFILES
12.1. ARDEX GROUP
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. BASF
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. FOSROC LTD.
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. LATICRETE INTERNATIONAL, INC.
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. MAPEI S.P.A.
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. PIDILITE INDUSTRIES
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. SAINT-GOBAIN WEBER
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. TERRACO
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. Ardex Group
2. BASF
3. Fosroc Ltd.
4. H.B. Fuller
5. Laticrete International, Inc.
6. Mapei S.P.A.
7. Pidilite Industries
8. Saint-Gobain Weber
9. Sika AG
10. Terraco
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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