Waterborne Epoxy Resin Market Key Players Analysis 2031
The Waterborne Epoxy Resin Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (High Molecular Weight, Low Molecular Weight, and Others). The report further presents analysis based on Application (Coatings, Adhesives, Composites, and Others). Based on End Use report is segmented into (Construction, Automotive, Textile, Packaging, Furniture, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Waterborne Epoxy Resin 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.
Waterborne Epoxy Resin Market Segmentation
Type- High Molecular Weight
- Low Molecular Weight
- Coatings
- Adhesives
- Composites
Strategic Insights
Waterborne Epoxy Resin Market Growth Drivers- Improved Water-dispersible Epoxy Resin Formulations: The improved water dispersible epoxy resin formulations bring about continuous development into this particular market for waterborne epoxy resin. The legacy epoxy resins, using solvents, could cause high emissions of volatile organic compounds and thus are not appropriate for an environmentally conscious modern market. Water dispersible formulation dissolves in water freely and is therefore an eco-friendly compromise performance-wise.
- Sustainable Resins Meet VOC Standards: These new formulations have provided better environmental performance, meeting ever-stricter VOC emission and sustainability regulations. The waterborne epoxy resins retain the same advantage as traditional epoxy systems regarding durability, corrosion resistance, and adhesion; however, they reduce harmful emissions, making them more appropriate for use in industries such as automotive, construction, and marine applications.
- Eco-Friendly Resins Gain Momentum: Waterborne epoxy resins are being increasingly used in the automotive industry for coatings and primers because of their excellent adhesion and weathering and chemical resistance. This transition enables the manufacturers to conform to environmental regulations while maintaining the standards of results. Waterborne epoxy flooring and protective coatings are generally resilient to chemicals; with greater durability, they offer benefits to the construction sector.
- Enhanced Durability and Adhesion Properties: The waterborne epoxy resin market shall tend its overall growth because durability and adhesion properties will constantly rise as a very important future trend. Industries require tougher yet softer materials now and then, hence, they are dramatically replacing that waterborne epoxy resin with its durability improvements. These resins have improved resistance against wear and tear, weather, and chemicals that idealize the applications.
- Economic and Environmental Benefits of Water-Borne Coatings in the Automotive Industry: Furthermore, this improvement concerning the adhesion property is the most recent development in waterborne epoxy resins that have remarkably high strength bonding capability against almost all surfaces such as metals, plastics, and even concrete. Its applications differ into one or more such as automotive, construction, and aerospace industries where high-performance coating is needed for final protection consideration as well as the longevity of products.
- Expanding Applications of Water-Borne Coatings in the Electronics Industry: For example, in the automotive end use, increased adhesion ability allows the waterborne epoxy coating to bond to the metal surface, thus improving corrosion resistance and service life. Such improvements are also very useful in the cases of industrial coatings for infrastructure where the properties of durability and adhesion are crucial for those structures exposed to harsh environments.
- Green Building and Sustainable Construction: Green building and sustainable construction significantly open doors to market access for waterborne epoxy resin. At present, the construction industry tends to move toward environmentally friendly materials in their practices with the increasing concern of the environment. Waterborne epoxy resins are expected to go up quickly at a low VOC emission, excellent performance, and compatibility with the green sustainability drive of green buildings.
- Sustainability and Performance of Water-Borne Coatings in Construction: Highly resilient and having a significantly lower negative environmental footprint make them ideal for sustainable construction and applications such as coatings on floors, walls, and external surfaces. Excellent adhesion, chemical resistance, and weather protection are the main attributes of these resins, enabling such applications. Indeed, these are applied to green building technologies, thus indirectly reducing the carbon footprint of construction.
- Research and Innovation Driving the Future of Water-Borne Coatings in Green Building: With high optimism among builders toward these advanced construction materials, research and development have been ignited into even more sophisticated waterborne epoxy formulations. Benefits for the construction sector-to construct towards energy efficiency, more insulation without long-life deterioration of air quality, will add to those benefits of improvement to coatings. Ascertained that green building certifications such as LEED will matter, the adoption of waterborne epoxy or any other waterborne resins in building applications will only increase and certainly support sustainability goals.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Waterborne Epoxy Resin 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 Waterborne Epoxy Resin 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
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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
Enhanced Durability and Adhesion Properties is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the waterborne epoxy resin market.
Based on type, high molecular weight is expected to witness the fastest growth during the forecast period
Aditya Birla Chemicals Ltd., Allnex GmbH, Evonik Industries AG are some of the key players operating in the waterborne epoxy resin market
Improved Water-dispersible Epoxy Resin Formulations is driving the market growth
The Waterborne Epoxy Resin Market is estimated to witness a CAGR of 6% 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 Waterborne Epoxy Resin Market - By Type
1.3.2 Waterborne Epoxy Resin Market - By Application
1.3.3 Waterborne Epoxy Resin Market - By End use industry
1.3.4 Waterborne Epoxy Resin Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATERBORNE EPOXY RESIN 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. WATERBORNE EPOXY RESIN 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. WATERBORNE EPOXY RESIN MARKET - GLOBAL MARKET ANALYSIS
6.1. WATERBORNE EPOXY RESIN - GLOBAL MARKET OVERVIEW
6.2. WATERBORNE EPOXY RESIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATERBORNE EPOXY RESIN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH MOLECULAR WEIGHT
7.3.1. Overview
7.3.2. High molecular weight Market Forecast and Analysis
7.4. LOW MOLECULAR WEIGHT
7.4.1. Overview
7.4.2. Low molecular weight Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. WATERBORNE EPOXY RESIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COATINGS
8.3.1. Overview
8.3.2. Coatings Market Forecast and Analysis
8.4. ADHESIVES
8.4.1. Overview
8.4.2. Adhesives Market Forecast and Analysis
8.5. COMPOSITES
8.5.1. Overview
8.5.2. Composites Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. WATERBORNE EPOXY RESIN MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. CONSTRUCTION
9.3.1. Overview
9.3.2. Construction Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. TEXTILE
9.5.1. Overview
9.5.2. Textile Market Forecast and Analysis
9.6. PACKAGING
9.6.1. Overview
9.6.2. Packaging Market Forecast and Analysis
9.7. FURNITURE
9.7.1. Overview
9.7.2. Furniture Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. WATERBORNE EPOXY RESIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Waterborne Epoxy Resin Market Overview
10.1.2 North America Waterborne Epoxy Resin Market Forecasts and Analysis
10.1.3 North America Waterborne Epoxy Resin Market Forecasts and Analysis - By Type
10.1.4 North America Waterborne Epoxy Resin Market Forecasts and Analysis - By Application
10.1.5 North America Waterborne Epoxy Resin Market Forecasts and Analysis - By End use industry
10.1.6 North America Waterborne Epoxy Resin Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Waterborne Epoxy Resin Market
10.1.6.1.1 Canada Waterborne Epoxy Resin Market by Type
10.1.6.1.2 Canada Waterborne Epoxy Resin Market by Application
10.1.6.1.3 Canada Waterborne Epoxy Resin Market by End use industry
10.1.6.2 Mexico Waterborne Epoxy Resin Market
10.1.6.2.1 Mexico Waterborne Epoxy Resin Market by Type
10.1.6.2.2 Mexico Waterborne Epoxy Resin Market by Application
10.1.6.2.3 Mexico Waterborne Epoxy Resin Market by End use industry
10.1.6.3 US Waterborne Epoxy Resin Market
10.1.6.3.1 US Waterborne Epoxy Resin Market by Type
10.1.6.3.2 US Waterborne Epoxy Resin Market by Application
10.1.6.3.3 US Waterborne Epoxy Resin Market by End use industry
10.2. EUROPE
10.2.1 Europe Waterborne Epoxy Resin Market Overview
10.2.2 Europe Waterborne Epoxy Resin Market Forecasts and Analysis
10.2.3 Europe Waterborne Epoxy Resin Market Forecasts and Analysis - By Type
10.2.4 Europe Waterborne Epoxy Resin Market Forecasts and Analysis - By Application
10.2.5 Europe Waterborne Epoxy Resin Market Forecasts and Analysis - By End use industry
10.2.6 Europe Waterborne Epoxy Resin Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Waterborne Epoxy Resin Market
10.2.6.1.1 Germany Waterborne Epoxy Resin Market by Type
10.2.6.1.2 Germany Waterborne Epoxy Resin Market by Application
10.2.6.1.3 Germany Waterborne Epoxy Resin Market by End use industry
10.2.6.2 France Waterborne Epoxy Resin Market
10.2.6.2.1 France Waterborne Epoxy Resin Market by Type
10.2.6.2.2 France Waterborne Epoxy Resin Market by Application
10.2.6.2.3 France Waterborne Epoxy Resin Market by End use industry
10.2.6.3 Italy Waterborne Epoxy Resin Market
10.2.6.3.1 Italy Waterborne Epoxy Resin Market by Type
10.2.6.3.2 Italy Waterborne Epoxy Resin Market by Application
10.2.6.3.3 Italy Waterborne Epoxy Resin Market by End use industry
10.2.6.4 United Kingdom Waterborne Epoxy Resin Market
10.2.6.4.1 United Kingdom Waterborne Epoxy Resin Market by Type
10.2.6.4.2 United Kingdom Waterborne Epoxy Resin Market by Application
10.2.6.4.3 United Kingdom Waterborne Epoxy Resin Market by End use industry
10.2.6.5 Russia Waterborne Epoxy Resin Market
10.2.6.5.1 Russia Waterborne Epoxy Resin Market by Type
10.2.6.5.2 Russia Waterborne Epoxy Resin Market by Application
10.2.6.5.3 Russia Waterborne Epoxy Resin Market by End use industry
10.2.6.6 Rest of Europe Waterborne Epoxy Resin Market
10.2.6.6.1 Rest of Europe Waterborne Epoxy Resin Market by Type
10.2.6.6.2 Rest of Europe Waterborne Epoxy Resin Market by Application
10.2.6.6.3 Rest of Europe Waterborne Epoxy Resin Market by End use industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Waterborne Epoxy Resin Market Overview
10.3.2 Asia-Pacific Waterborne Epoxy Resin Market Forecasts and Analysis
10.3.3 Asia-Pacific Waterborne Epoxy Resin Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Waterborne Epoxy Resin Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Waterborne Epoxy Resin Market Forecasts and Analysis - By End use industry
10.3.6 Asia-Pacific Waterborne Epoxy Resin Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Waterborne Epoxy Resin Market
10.3.6.1.1 Australia Waterborne Epoxy Resin Market by Type
10.3.6.1.2 Australia Waterborne Epoxy Resin Market by Application
10.3.6.1.3 Australia Waterborne Epoxy Resin Market by End use industry
10.3.6.2 China Waterborne Epoxy Resin Market
10.3.6.2.1 China Waterborne Epoxy Resin Market by Type
10.3.6.2.2 China Waterborne Epoxy Resin Market by Application
10.3.6.2.3 China Waterborne Epoxy Resin Market by End use industry
10.3.6.3 India Waterborne Epoxy Resin Market
10.3.6.3.1 India Waterborne Epoxy Resin Market by Type
10.3.6.3.2 India Waterborne Epoxy Resin Market by Application
10.3.6.3.3 India Waterborne Epoxy Resin Market by End use industry
10.3.6.4 Japan Waterborne Epoxy Resin Market
10.3.6.4.1 Japan Waterborne Epoxy Resin Market by Type
10.3.6.4.2 Japan Waterborne Epoxy Resin Market by Application
10.3.6.4.3 Japan Waterborne Epoxy Resin Market by End use industry
10.3.6.5 South Korea Waterborne Epoxy Resin Market
10.3.6.5.1 South Korea Waterborne Epoxy Resin Market by Type
10.3.6.5.2 South Korea Waterborne Epoxy Resin Market by Application
10.3.6.5.3 South Korea Waterborne Epoxy Resin Market by End use industry
10.3.6.6 Rest of Asia-Pacific Waterborne Epoxy Resin Market
10.3.6.6.1 Rest of Asia-Pacific Waterborne Epoxy Resin Market by Type
10.3.6.6.2 Rest of Asia-Pacific Waterborne Epoxy Resin Market by Application
10.3.6.6.3 Rest of Asia-Pacific Waterborne Epoxy Resin Market by End use industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Waterborne Epoxy Resin Market Overview
10.4.2 Middle East and Africa Waterborne Epoxy Resin Market Forecasts and Analysis
10.4.3 Middle East and Africa Waterborne Epoxy Resin Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Waterborne Epoxy Resin Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Waterborne Epoxy Resin Market Forecasts and Analysis - By End use industry
10.4.6 Middle East and Africa Waterborne Epoxy Resin Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Waterborne Epoxy Resin Market
10.4.6.1.1 South Africa Waterborne Epoxy Resin Market by Type
10.4.6.1.2 South Africa Waterborne Epoxy Resin Market by Application
10.4.6.1.3 South Africa Waterborne Epoxy Resin Market by End use industry
10.4.6.2 Saudi Arabia Waterborne Epoxy Resin Market
10.4.6.2.1 Saudi Arabia Waterborne Epoxy Resin Market by Type
10.4.6.2.2 Saudi Arabia Waterborne Epoxy Resin Market by Application
10.4.6.2.3 Saudi Arabia Waterborne Epoxy Resin Market by End use industry
10.4.6.3 U.A.E Waterborne Epoxy Resin Market
10.4.6.3.1 U.A.E Waterborne Epoxy Resin Market by Type
10.4.6.3.2 U.A.E Waterborne Epoxy Resin Market by Application
10.4.6.3.3 U.A.E Waterborne Epoxy Resin Market by End use industry
10.4.6.4 Rest of Middle East and Africa Waterborne Epoxy Resin Market
10.4.6.4.1 Rest of Middle East and Africa Waterborne Epoxy Resin Market by Type
10.4.6.4.2 Rest of Middle East and Africa Waterborne Epoxy Resin Market by Application
10.4.6.4.3 Rest of Middle East and Africa Waterborne Epoxy Resin Market by End use industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Waterborne Epoxy Resin Market Overview
10.5.2 South and Central America Waterborne Epoxy Resin Market Forecasts and Analysis
10.5.3 South and Central America Waterborne Epoxy Resin Market Forecasts and Analysis - By Type
10.5.4 South and Central America Waterborne Epoxy Resin Market Forecasts and Analysis - By Application
10.5.5 South and Central America Waterborne Epoxy Resin Market Forecasts and Analysis - By End use industry
10.5.6 South and Central America Waterborne Epoxy Resin Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Waterborne Epoxy Resin Market
10.5.6.1.1 Brazil Waterborne Epoxy Resin Market by Type
10.5.6.1.2 Brazil Waterborne Epoxy Resin Market by Application
10.5.6.1.3 Brazil Waterborne Epoxy Resin Market by End use industry
10.5.6.2 Argentina Waterborne Epoxy Resin Market
10.5.6.2.1 Argentina Waterborne Epoxy Resin Market by Type
10.5.6.2.2 Argentina Waterborne Epoxy Resin Market by Application
10.5.6.2.3 Argentina Waterborne Epoxy Resin Market by End use industry
10.5.6.3 Rest of South and Central America Waterborne Epoxy Resin Market
10.5.6.3.1 Rest of South and Central America Waterborne Epoxy Resin Market by Type
10.5.6.3.2 Rest of South and Central America Waterborne Epoxy Resin Market by Application
10.5.6.3.3 Rest of South and Central America Waterborne Epoxy Resin Market by End use industry
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. WATERBORNE EPOXY RESIN MARKET, KEY COMPANY PROFILES
12.1. ADITYA BIRLA CHEMICALS LTD.
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. ALLNEX GMBH
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. ALLNEX HEXION INC.
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. EVONIK INDUSTRIES AG
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. HUNTSMAN 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. KUKDO CHEMICAL 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. MILLER-STEPHENSON CHEMICAL COMPANY, INC.
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. OLIN 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. PERMA ENTERPRISE CO.
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. REICHHOLD LLC
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
- Aditya Birla Chemicals Ltd.
- Allnex GmbH
- Allnex Hexion Inc.
- Evonik Industries AG
- Huntsman Corporation
- Kukdo Chemical Co., Ltd.
- Miller-Stephenson Chemical Company, Inc.
- Olin Corporation
- Perma Enterprise Co.
- Reichhold LLC
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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