Waterproof Tapes Market Updates by 2031
MARKET OVERVIEW
The waterproof tapes market refers to the production and sales of tapes designed to resist water, moisture, and other liquids. These tapes are used for various applications, such as sealing pipes and joints, preventing leaks, and repairing waterproofing systems. They are made from various materials, such as polyvinyl chloride (PVC), polyethylene (PE), and rubber, and are available in different shapes, sizes, and thicknesses to suit specific needs. The demand for waterproof tapes has increased in recent years due to the growing construction, automotive, and consumer goods industries. The increasing need for durable and reliable waterproofing solutions is driving the growth of the waterproof tapes market.
Market Dynamics
Excessive product utilization in the automotive business is a crucial factor driving the waterproof tapes market. Expanding demand of waterproof tapes in the medical and packaging industry is another aspect driving the market. However, volatile raw material prices restraints the growth of the market, globally. The market is anticipated to witness high growth in the coming years to the rising demand from various end-use industries, namely, electrical & electronics, healthcare, building & construction, and packaging.
Market Scope
The "Global Waterproof Tapes Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the waterproof tapes market with detailed market segmentation by adhesive, substrate, end use industry and geography. The global waterproof tapes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading the waterproof tapes players and offers key trends and opportunities in the market.
Market Segmentation
The global waterproof tapes market is segmented on the basis of adhesive, substrate, end use industry and geography. On the basis of adhesive, the market segmented into acrylic, silicone, byutyl and others. The market on the basis of substrate is broken into metal, plastics, rubber and others. As per end use industry the market is bifurcated into building & construction, automotive, electrical & electronics, healthcare, packaging 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 waterproof tapes 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 waterproof tapes 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 waterproof tapes 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 waterproof tapes market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the waterproof tapes 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 waterproof tapes 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 waterproof tapes 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 waterproof tapes market in these regions.
MARKET PLAYERS
The reports cover key developments in the waterproof tapes 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 waterproof tapes market are anticipated to lucrative growth opportunities in the future with the rising demand for waterproof tapes in the global market. Below mentioned is the list of few companies engaged in the waterproof tapes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waterproof tapes 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.
- 3M Company
- A.B.E. Construction Chemicals
- Advance Tapes International
- Avery Dennison
- Henkel
- Johnson & Johnson
- Metalnastri Srl
- Nitto Denko Corporation
- Scapa Group
- Tesa SE
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.
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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.
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 Waterproof Tapes Market - By Adhesive
1.3.2 Waterproof Tapes Market - By Substrate
1.3.3 Waterproof Tapes Market - By End use industry
1.3.4 Waterproof Tapes Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATERPROOF TAPES 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. WATERPROOF TAPES 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. WATERPROOF TAPES MARKET - GLOBAL MARKET ANALYSIS
6.1. WATERPROOF TAPES - GLOBAL MARKET OVERVIEW
6.2. WATERPROOF TAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATERPROOF TAPES MARKET - REVENUE AND FORECASTS TO 2028 - ADHESIVE
7.1. OVERVIEW
7.2. ADHESIVE MARKET FORECASTS AND ANALYSIS
7.3. ACRYLIC
7.3.1. Overview
7.3.2. Acrylic Market Forecast and Analysis
7.4. SILICONE
7.4.1. Overview
7.4.2. Silicone Market Forecast and Analysis
7.5. BYUTYL
7.5.1. Overview
7.5.2. Byutyl Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. WATERPROOF TAPES MARKET - REVENUE AND FORECASTS TO 2028 - SUBSTRATE
8.1. OVERVIEW
8.2. SUBSTRATE MARKET FORECASTS AND ANALYSIS
8.3. METAL
8.3.1. Overview
8.3.2. Metal Market Forecast and Analysis
8.4. PLASTICS
8.4.1. Overview
8.4.2. Plastics Market Forecast and Analysis
8.5. RUBBER
8.5.1. Overview
8.5.2. Rubber Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. WATERPROOF TAPES MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. BUILDING AND CONSTRUCTION
9.3.1. Overview
9.3.2. Building and construction Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. ELECTRICAL AND ELECTRONICS
9.5.1. Overview
9.5.2. Electrical and electronics Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. PACKAGING
9.7.1. Overview
9.7.2. Packaging Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. WATERPROOF TAPES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Waterproof Tapes Market Overview
10.1.2 North America Waterproof Tapes Market Forecasts and Analysis
10.1.3 North America Waterproof Tapes Market Forecasts and Analysis - By Adhesive
10.1.4 North America Waterproof Tapes Market Forecasts and Analysis - By Substrate
10.1.5 North America Waterproof Tapes Market Forecasts and Analysis - By End use industry
10.1.6 North America Waterproof Tapes Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Waterproof Tapes Market
10.1.6.1.1 Canada Waterproof Tapes Market by Adhesive
10.1.6.1.2 Canada Waterproof Tapes Market by Substrate
10.1.6.1.3 Canada Waterproof Tapes Market by End use industry
10.1.6.2 Mexico Waterproof Tapes Market
10.1.6.2.1 Mexico Waterproof Tapes Market by Adhesive
10.1.6.2.2 Mexico Waterproof Tapes Market by Substrate
10.1.6.2.3 Mexico Waterproof Tapes Market by End use industry
10.1.6.3 US Waterproof Tapes Market
10.1.6.3.1 US Waterproof Tapes Market by Adhesive
10.1.6.3.2 US Waterproof Tapes Market by Substrate
10.1.6.3.3 US Waterproof Tapes Market by End use industry
10.2. EUROPE
10.2.1 Europe Waterproof Tapes Market Overview
10.2.2 Europe Waterproof Tapes Market Forecasts and Analysis
10.2.3 Europe Waterproof Tapes Market Forecasts and Analysis - By Adhesive
10.2.4 Europe Waterproof Tapes Market Forecasts and Analysis - By Substrate
10.2.5 Europe Waterproof Tapes Market Forecasts and Analysis - By End use industry
10.2.6 Europe Waterproof Tapes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Waterproof Tapes Market
10.2.6.1.1 Germany Waterproof Tapes Market by Adhesive
10.2.6.1.2 Germany Waterproof Tapes Market by Substrate
10.2.6.1.3 Germany Waterproof Tapes Market by End use industry
10.2.6.2 France Waterproof Tapes Market
10.2.6.2.1 France Waterproof Tapes Market by Adhesive
10.2.6.2.2 France Waterproof Tapes Market by Substrate
10.2.6.2.3 France Waterproof Tapes Market by End use industry
10.2.6.3 Italy Waterproof Tapes Market
10.2.6.3.1 Italy Waterproof Tapes Market by Adhesive
10.2.6.3.2 Italy Waterproof Tapes Market by Substrate
10.2.6.3.3 Italy Waterproof Tapes Market by End use industry
10.2.6.4 United Kingdom Waterproof Tapes Market
10.2.6.4.1 United Kingdom Waterproof Tapes Market by Adhesive
10.2.6.4.2 United Kingdom Waterproof Tapes Market by Substrate
10.2.6.4.3 United Kingdom Waterproof Tapes Market by End use industry
10.2.6.5 Russia Waterproof Tapes Market
10.2.6.5.1 Russia Waterproof Tapes Market by Adhesive
10.2.6.5.2 Russia Waterproof Tapes Market by Substrate
10.2.6.5.3 Russia Waterproof Tapes Market by End use industry
10.2.6.6 Rest of Europe Waterproof Tapes Market
10.2.6.6.1 Rest of Europe Waterproof Tapes Market by Adhesive
10.2.6.6.2 Rest of Europe Waterproof Tapes Market by Substrate
10.2.6.6.3 Rest of Europe Waterproof Tapes Market by End use industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Waterproof Tapes Market Overview
10.3.2 Asia-Pacific Waterproof Tapes Market Forecasts and Analysis
10.3.3 Asia-Pacific Waterproof Tapes Market Forecasts and Analysis - By Adhesive
10.3.4 Asia-Pacific Waterproof Tapes Market Forecasts and Analysis - By Substrate
10.3.5 Asia-Pacific Waterproof Tapes Market Forecasts and Analysis - By End use industry
10.3.6 Asia-Pacific Waterproof Tapes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Waterproof Tapes Market
10.3.6.1.1 Australia Waterproof Tapes Market by Adhesive
10.3.6.1.2 Australia Waterproof Tapes Market by Substrate
10.3.6.1.3 Australia Waterproof Tapes Market by End use industry
10.3.6.2 China Waterproof Tapes Market
10.3.6.2.1 China Waterproof Tapes Market by Adhesive
10.3.6.2.2 China Waterproof Tapes Market by Substrate
10.3.6.2.3 China Waterproof Tapes Market by End use industry
10.3.6.3 India Waterproof Tapes Market
10.3.6.3.1 India Waterproof Tapes Market by Adhesive
10.3.6.3.2 India Waterproof Tapes Market by Substrate
10.3.6.3.3 India Waterproof Tapes Market by End use industry
10.3.6.4 Japan Waterproof Tapes Market
10.3.6.4.1 Japan Waterproof Tapes Market by Adhesive
10.3.6.4.2 Japan Waterproof Tapes Market by Substrate
10.3.6.4.3 Japan Waterproof Tapes Market by End use industry
10.3.6.5 South Korea Waterproof Tapes Market
10.3.6.5.1 South Korea Waterproof Tapes Market by Adhesive
10.3.6.5.2 South Korea Waterproof Tapes Market by Substrate
10.3.6.5.3 South Korea Waterproof Tapes Market by End use industry
10.3.6.6 Rest of Asia-Pacific Waterproof Tapes Market
10.3.6.6.1 Rest of Asia-Pacific Waterproof Tapes Market by Adhesive
10.3.6.6.2 Rest of Asia-Pacific Waterproof Tapes Market by Substrate
10.3.6.6.3 Rest of Asia-Pacific Waterproof Tapes Market by End use industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Waterproof Tapes Market Overview
10.4.2 Middle East and Africa Waterproof Tapes Market Forecasts and Analysis
10.4.3 Middle East and Africa Waterproof Tapes Market Forecasts and Analysis - By Adhesive
10.4.4 Middle East and Africa Waterproof Tapes Market Forecasts and Analysis - By Substrate
10.4.5 Middle East and Africa Waterproof Tapes Market Forecasts and Analysis - By End use industry
10.4.6 Middle East and Africa Waterproof Tapes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Waterproof Tapes Market
10.4.6.1.1 South Africa Waterproof Tapes Market by Adhesive
10.4.6.1.2 South Africa Waterproof Tapes Market by Substrate
10.4.6.1.3 South Africa Waterproof Tapes Market by End use industry
10.4.6.2 Saudi Arabia Waterproof Tapes Market
10.4.6.2.1 Saudi Arabia Waterproof Tapes Market by Adhesive
10.4.6.2.2 Saudi Arabia Waterproof Tapes Market by Substrate
10.4.6.2.3 Saudi Arabia Waterproof Tapes Market by End use industry
10.4.6.3 U.A.E Waterproof Tapes Market
10.4.6.3.1 U.A.E Waterproof Tapes Market by Adhesive
10.4.6.3.2 U.A.E Waterproof Tapes Market by Substrate
10.4.6.3.3 U.A.E Waterproof Tapes Market by End use industry
10.4.6.4 Rest of Middle East and Africa Waterproof Tapes Market
10.4.6.4.1 Rest of Middle East and Africa Waterproof Tapes Market by Adhesive
10.4.6.4.2 Rest of Middle East and Africa Waterproof Tapes Market by Substrate
10.4.6.4.3 Rest of Middle East and Africa Waterproof Tapes Market by End use industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Waterproof Tapes Market Overview
10.5.2 South and Central America Waterproof Tapes Market Forecasts and Analysis
10.5.3 South and Central America Waterproof Tapes Market Forecasts and Analysis - By Adhesive
10.5.4 South and Central America Waterproof Tapes Market Forecasts and Analysis - By Substrate
10.5.5 South and Central America Waterproof Tapes Market Forecasts and Analysis - By End use industry
10.5.6 South and Central America Waterproof Tapes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Waterproof Tapes Market
10.5.6.1.1 Brazil Waterproof Tapes Market by Adhesive
10.5.6.1.2 Brazil Waterproof Tapes Market by Substrate
10.5.6.1.3 Brazil Waterproof Tapes Market by End use industry
10.5.6.2 Argentina Waterproof Tapes Market
10.5.6.2.1 Argentina Waterproof Tapes Market by Adhesive
10.5.6.2.2 Argentina Waterproof Tapes Market by Substrate
10.5.6.2.3 Argentina Waterproof Tapes Market by End use industry
10.5.6.3 Rest of South and Central America Waterproof Tapes Market
10.5.6.3.1 Rest of South and Central America Waterproof Tapes Market by Adhesive
10.5.6.3.2 Rest of South and Central America Waterproof Tapes Market by Substrate
10.5.6.3.3 Rest of South and Central America Waterproof Tapes 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. WATERPROOF TAPES MARKET, KEY COMPANY PROFILES
12.1. 3M COMPANY
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. A.B.E. CONSTRUCTION CHEMICALS
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. ADVANCE TAPES INTERNATIONAL
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. AVERY DENNISON
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. HENKEL
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. JOHNSON AND JOHNSON
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. METALNASTRI SRL
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. NITTO DENKO 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. SCAPA GROUP
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. TESA SE
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
- 3M Company
- A.B.E. Construction Chemicals
- Advance Tapes International
- Avery Dennison
- Henkel
- Johnson & Johnson
- Metalnastri Srl
- Nitto Denko Corporation
- Scapa Group
- Tesa SE
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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