UV Curable Resins Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: UV Curable Resins Market covers analysis by Formulation (Oligomers, Monomers, Photoinitiators, Others); Application (Coating, Inks, Adhesives, Others); End User (Industrial Coatings, Graphic Arts, Electronics, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004250
  • Category : Chemicals and Materials
  • No. of Pages : 150
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UV Curable Resins Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW

The market for UV-curable resins, which harden when exposed to UV light, is driven by increasing demand in industries such as printing, electronics, automotive, and construction. These resins are used in applications such as coatings, adhesives, and inks and in new products like 3D printing and flexible electronics. The UV curable resins are of three types i.e.- acrylate, epoxy, and others. Acrylate-based resins are popular for their mechanical, optical, and thermal properties, while epoxy-based resins are known for their chemical resistance, good electrical insulation, and high thermal stability.

MARKET DYNAMICS

The global UV curable resins market is growing at a significant pace owing to driving factors such as increasing use of environment-friendly industrial coatings and growing demand for UV curable inks in packaging applications. Moreover, rising use in 3D printing applications owing to its high performance properties further boost the UV curable resins market globally. However, the high installation cost of UV curable resin manufacturing plant and lack of awareness are the key factors hindering the curable resins market. Likewise. Propelling demand from the electronics industry is anticipated to provide a lucrative opportunity for market players over the projected period.

MARKET SCOPE

The "Global UV Curable Resins 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 UV curable resins market with detailed market segmentation by formulation, application, end user and geography. The global UV curable resins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading UV curable resins market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global UV curable resins market is segmented on the basis of formulation, application and end user. On the basis of formulation, the UV curable resins market is segmented into oligomers, monomers, photoinitiators and others. On the basis of application, the market is bifurcated into, coating, inks, adhesives and others. Based on end user, the global UV curable resins market is segmented into, industrial coatings, graphic arts, electronics, and others.

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 UV curable resins 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 UV curable resins 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 UV curable resins 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 UV curable resins market in these regions.

World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global UV curable resins 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 UV curable resins 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 UV curable resins 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 UV curable resins market in these regions.

MARKET PLAYERS

The reports cover key developments in the UV curable resins 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 UV curable resins market are anticipated to lucrative growth opportunities in the future with the rising demand for UV curable resins in the global market. Below mentioned is the list of few companies engaged in the UV curable resins market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the UV curable resins 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.

  • ALLNEX NETHERLANDS B.V.
  • Arkema Group
  • BASF SE
  • DIC CORPORATION
  • DSM-AGI Corporation
  • Eternal Materials Co.,Ltd.
  • Hitachi Chemical Co., Ltd.
  • IGM
  • Mitsubishi Chemical Corporation
  • Miwon Specialty Chemical Co., Ltd.  

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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1UV Curable Resins Market - By Formulation
1.3.2UV Curable Resins Market - By Application
1.3.3UV Curable Resins Market - By End User
1.3.4UV Curable Resins Market - By Region
1.3.4.1By Country

2.KEY TAKEWAYS

3.RESEARCH METHODOLOGY

4.UV CURABLE RESINS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS

5.UV CURABLE RESINS 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.UV CURABLE RESINS MARKET - GLOBAL MARKET ANALYSIS
6.1.UV CURABLE RESINS - GLOBAL MARKET OVERVIEW
6.2.UV CURABLE RESINS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.UV CURABLE RESINS MARKET - REVENUE AND FORECASTS TO 2028 - FORMULATION
7.1.OVERVIEW
7.2.FORMULATION MARKET FORECASTS AND ANALYSIS
7.3.OLIGOMERS
7.3.1.Overview
7.3.2.Oligomers Market Forecast and Analysis
7.4.MONOMERS
7.4.1.Overview
7.4.2.Monomers Market Forecast and Analysis
7.5.PHOTOINITIATORS
7.5.1.Overview
7.5.2.Photoinitiators Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.UV CURABLE RESINS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.COATING
8.3.1.Overview
8.3.2.Coating Market Forecast and Analysis
8.4.INKS
8.4.1.Overview
8.4.2.Inks Market Forecast and Analysis
8.5.ADHESIVES
8.5.1.Overview
8.5.2.Adhesives Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.UV CURABLE RESINS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.INDUSTRIAL COATINGS
9.3.1.Overview
9.3.2.Industrial Coatings Market Forecast and Analysis
9.4.GRAPHIC ARTS
9.4.1.Overview
9.4.2.Graphic Arts Market Forecast and Analysis
9.5.ELECTRONICS
9.5.1.Overview
9.5.2.Electronics Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis

10.UV CURABLE RESINS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America UV Curable Resins Market Overview
10.1.2North America UV Curable Resins Market Forecasts and Analysis
10.1.3North America UV Curable Resins Market Forecasts and Analysis - By Formulation
10.1.4North America UV Curable Resins Market Forecasts and Analysis - By Application
10.1.5North America UV Curable Resins Market Forecasts and Analysis - By End User
10.1.6North America UV Curable Resins Market Forecasts and Analysis - By Countries
10.1.6.1United States UV Curable Resins Market
10.1.6.1.1United States UV Curable Resins Market by Formulation
10.1.6.1.2United States UV Curable Resins Market by Application
10.1.6.1.3United States UV Curable Resins Market by End User
10.1.6.2Canada UV Curable Resins Market
10.1.6.2.1Canada UV Curable Resins Market by Formulation
10.1.6.2.2Canada UV Curable Resins Market by Application
10.1.6.2.3Canada UV Curable Resins Market by End User
10.1.6.3Mexico UV Curable Resins Market
10.1.6.3.1Mexico UV Curable Resins Market by Formulation
10.1.6.3.2Mexico UV Curable Resins Market by Application
10.1.6.3.3Mexico UV Curable Resins Market by End User
10.2.EUROPE
10.2.1Europe UV Curable Resins Market Overview
10.2.2Europe UV Curable Resins Market Forecasts and Analysis
10.2.3Europe UV Curable Resins Market Forecasts and Analysis - By Formulation
10.2.4Europe UV Curable Resins Market Forecasts and Analysis - By Application
10.2.5Europe UV Curable Resins Market Forecasts and Analysis - By End User
10.2.6Europe UV Curable Resins Market Forecasts and Analysis - By Countries
10.2.6.1Germany UV Curable Resins Market
10.2.6.1.1Germany UV Curable Resins Market by Formulation
10.2.6.1.2Germany UV Curable Resins Market by Application
10.2.6.1.3Germany UV Curable Resins Market by End User
10.2.6.2France UV Curable Resins Market
10.2.6.2.1France UV Curable Resins Market by Formulation
10.2.6.2.2France UV Curable Resins Market by Application
10.2.6.2.3France UV Curable Resins Market by End User
10.2.6.3Italy UV Curable Resins Market
10.2.6.3.1Italy UV Curable Resins Market by Formulation
10.2.6.3.2Italy UV Curable Resins Market by Application
10.2.6.3.3Italy UV Curable Resins Market by End User
10.2.6.4United Kingdom UV Curable Resins Market
10.2.6.4.1United Kingdom UV Curable Resins Market by Formulation
10.2.6.4.2United Kingdom UV Curable Resins Market by Application
10.2.6.4.3United Kingdom UV Curable Resins Market by End User
10.2.6.5Russia UV Curable Resins Market
10.2.6.5.1Russia UV Curable Resins Market by Formulation
10.2.6.5.2Russia UV Curable Resins Market by Application
10.2.6.5.3Russia UV Curable Resins Market by End User
10.2.6.6Rest of Europe UV Curable Resins Market
10.2.6.6.1Rest of Europe UV Curable Resins Market by Formulation
10.2.6.6.2Rest of Europe UV Curable Resins Market by Application
10.2.6.6.3Rest of Europe UV Curable Resins Market by End User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific UV Curable Resins Market Overview
10.3.2Asia-Pacific UV Curable Resins Market Forecasts and Analysis
10.3.3Asia-Pacific UV Curable Resins Market Forecasts and Analysis - By Formulation
10.3.4Asia-Pacific UV Curable Resins Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific UV Curable Resins Market Forecasts and Analysis - By End User
10.3.6Asia-Pacific UV Curable Resins Market Forecasts and Analysis - By Countries
10.3.6.1Australia UV Curable Resins Market
10.3.6.1.1Australia UV Curable Resins Market by Formulation
10.3.6.1.2Australia UV Curable Resins Market by Application
10.3.6.1.3Australia UV Curable Resins Market by End User
10.3.6.2China UV Curable Resins Market
10.3.6.2.1China UV Curable Resins Market by Formulation
10.3.6.2.2China UV Curable Resins Market by Application
10.3.6.2.3China UV Curable Resins Market by End User
10.3.6.3India UV Curable Resins Market
10.3.6.3.1India UV Curable Resins Market by Formulation
10.3.6.3.2India UV Curable Resins Market by Application
10.3.6.3.3India UV Curable Resins Market by End User
10.3.6.4Japan UV Curable Resins Market
10.3.6.4.1Japan UV Curable Resins Market by Formulation
10.3.6.4.2Japan UV Curable Resins Market by Application
10.3.6.4.3Japan UV Curable Resins Market by End User
10.3.6.5South Korea UV Curable Resins Market
10.3.6.5.1South Korea UV Curable Resins Market by Formulation
10.3.6.5.2South Korea UV Curable Resins Market by Application
10.3.6.5.3South Korea UV Curable Resins Market by End User
10.3.6.6Rest of Asia-Pacific UV Curable Resins Market
10.3.6.6.1Rest of Asia-Pacific UV Curable Resins Market by Formulation
10.3.6.6.2Rest of Asia-Pacific UV Curable Resins Market by Application
10.3.6.6.3Rest of Asia-Pacific UV Curable Resins Market by End User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa UV Curable Resins Market Overview
10.4.2Middle East and Africa UV Curable Resins Market Forecasts and Analysis
10.4.3Middle East and Africa UV Curable Resins Market Forecasts and Analysis - By Formulation
10.4.4Middle East and Africa UV Curable Resins Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa UV Curable Resins Market Forecasts and Analysis - By End User
10.4.6Middle East and Africa UV Curable Resins Market Forecasts and Analysis - By Countries
10.4.6.1South Africa UV Curable Resins Market
10.4.6.1.1South Africa UV Curable Resins Market by Formulation
10.4.6.1.2South Africa UV Curable Resins Market by Application
10.4.6.1.3South Africa UV Curable Resins Market by End User
10.4.6.2Saudi Arabia UV Curable Resins Market
10.4.6.2.1Saudi Arabia UV Curable Resins Market by Formulation
10.4.6.2.2Saudi Arabia UV Curable Resins Market by Application
10.4.6.2.3Saudi Arabia UV Curable Resins Market by End User
10.4.6.3U.A.E UV Curable Resins Market
10.4.6.3.1U.A.E UV Curable Resins Market by Formulation
10.4.6.3.2U.A.E UV Curable Resins Market by Application
10.4.6.3.3U.A.E UV Curable Resins Market by End User
10.4.6.4Rest of Middle East and Africa UV Curable Resins Market
10.4.6.4.1Rest of Middle East and Africa UV Curable Resins Market by Formulation
10.4.6.4.2Rest of Middle East and Africa UV Curable Resins Market by Application
10.4.6.4.3Rest of Middle East and Africa UV Curable Resins Market by End User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America UV Curable Resins Market Overview
10.5.2South and Central America UV Curable Resins Market Forecasts and Analysis
10.5.3South and Central America UV Curable Resins Market Forecasts and Analysis - By Formulation
10.5.4South and Central America UV Curable Resins Market Forecasts and Analysis - By Application
10.5.5South and Central America UV Curable Resins Market Forecasts and Analysis - By End User
10.5.6South and Central America UV Curable Resins Market Forecasts and Analysis - By Countries
10.5.6.1Brazil UV Curable Resins Market
10.5.6.1.1Brazil UV Curable Resins Market by Formulation
10.5.6.1.2Brazil UV Curable Resins Market by Application
10.5.6.1.3Brazil UV Curable Resins Market by End User
10.5.6.2Argentina UV Curable Resins Market
10.5.6.2.1Argentina UV Curable Resins Market by Formulation
10.5.6.2.2Argentina UV Curable Resins Market by Application
10.5.6.2.3Argentina UV Curable Resins Market by End User
10.5.6.3Rest of South and Central America UV Curable Resins Market
10.5.6.3.1Rest of South and Central America UV Curable Resins Market by Formulation
10.5.6.3.2Rest of South and Central America UV Curable Resins Market by Application
10.5.6.3.3Rest of South and Central America UV Curable Resins 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.UV CURABLE RESINS MARKET, KEY COMPANY PROFILES
12.1.ALLNEX NETHERLANDS B.V.
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.ARKEMA GROUP
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.BASF SE
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.DIC CORPORATION
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.DSM-AGI CORPORATION
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.ETERNAL MATERIALS CO.,LTD.
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.HITACHI CHEMICAL CO., LTD.
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.IGM
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.MITSUBISHI CHEMICAL CORPORATION
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.MIWON SPECIALTY CHEMICAL CO., LTD.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS

The List of Companies

  • ALLNEX NETHERLANDS B.V.
  • Arkema Group
  • BASF SE
  • DIC CORPORATION
  • DSM-AGI Corporation
  • Eternal Materials Co.,Ltd.
  • Hitachi Chemical Co., Ltd.
  • IGM
  • Mitsubishi Chemical Corporation
  • Miwon Specialty 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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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