Waterproofing Membranes Market Share and Growth 2031
The Waterproofing Membranes Market is expected to register a CAGR of 3% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by type (modified bitumen, polyvinyl chloride, ethylene propylene diene monomer, thermoplastic polyolefin, high density polyethylene, low density polyethylene and others) and technology (liquid applied membranes and sheet based membranes). The report further presents analysis based on application (roofing and walls, building structures, waste and water management, mining, tunnel liners, bridges and highways and others). 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 Waterproofing Membranes 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.
Waterproofing Membranes Market Segmentation
Type- Modified Bitumen
- Polyvinyl Chloride
- Ethylene Propylene Diene Monomer
- Thermoplastic Polyolefin
- High Density Polyethylene
- Low Density Polyethylene
- Liquid Applied Membranes
- Sheet Based Membranes
Strategic Insights
Waterproofing Membranes Market Growth Drivers- Urbanization Driving Demand for Waterproofing Membranes in Construction: The waterproofing membranes market is driven significantly by the demand for construction and infrastructure industries. Rapid urbanization and increased infrastructure projects made an essential requirement in this case for efficient waterproofing solutions. Waterproofing membranes are essential in ensuring that all buildings and bridges are constructed with proper protection against water damage that may lead to structural failure. The requirement for sustainable practices in construction and demanding long lasting material adds to the demand for high-quality waterproofing membranes.
- Growing Awareness of Water Damage Prevention: There is an increasing awareness among builders, contractors, and property owners regarding the importance of preventing water damage in buildings. Severe mold, structural damage, and health hazards can occur due to water intrusions. This raises waterproofing awareness in utilizing membranes that are integrated easily into construction processes. With more participants on board, the waterproofing uses are apparently extended even in areas with high rainfall or flooding.
- Growth in Residential and Commercial Real Estate Boosting Demand: The growing residential and commercial real estate markets are another major driving factor for the waterproofing membranes market. As new construction projects are under way and existing structures are getting renovated, the need for effective waterproofing solutions grows. The builders and developers thus look for high-performing waterproofing membranes that improve the features and longevity of the project. This high demand for waterproofing membranes is found in some quickly urbanizing regions with booming requirements for housing and commercial space.
- Technological Advancements in Polymer-Based Waterproofing Membranes: The future of waterproofing membranes, movements of significant improvement technologically take advancement into material technologies, particularly in polymer-based membranes. Innovations in polymer chemistry brought about highly flexible, strongly adhesive, withstanding membranes to water penetration. These developments permit the production of membranes by manufacturers that are efficient in waterproofing and improve construction materials' durability and life spans. The advantages of polymers over conventional materials are the ones that drive the market by the efficiencies of these membranes to their applications.
- Sustainability Trend in Waterproofing Membranes: This move towards sustainability has become a significant trend in the waterproofing membranes market, where manufacturers increasingly concentrate more on producing green products. Whereas mandates and environmental restrictions become strict, consumers increasingly demand greener solutions. These developments brought about a transformation in waterproofing membranes made of sustainable materials that minimize the environmental footprint. The latter is part of a more general shift for sustainable building practices that demand innovation in the construction industry for green solutions.
- Real-Time Monitoring and Moisture Detection: Smart technologies are revolutionizing waterproofing systems, with innovations like moisture sensors and smart monitoring systems now providing real-time feedback on the performance of waterproofing solutions. These advancements enable builders and property owners to continuously monitor moisture levels, detecting potential issues before they escalate, thereby enhancing the reliability and longevity of waterproofing systems.
- Customization of Waterproofing Membranes for Specific Applications: There is a substantial possibility for manufacturers to produce more tailored waterproofing membrane solutions for specific applications and customers' needs. The companies can get a competitive edge by providing specialized, commercial, or industrial-specific applications focusing on different construction projects. Formulation, as well as thickness and application methods, can be customized further, thus catering to niche markets.
- Growth Opportunities in Emerging Economies: Emerging economies are proving to be a winning ground for waterproofing membranes. Rapid urbanization and infrastructure development are triggering demand for these regions' construction materials. By establishing footprints in these markets and tailoring their product ranges to fit local needs and regulations. Manufacturers can open up a new revenue stream. With increasing infrastructural investments in regions such as the Asia-Pacific, Africa, and Latin America, it becomes clear that lucrative opportunities abound.
- Collaborations for Innovation and Long-Term Competitiveness: Collaboration between manufacturers of waterproofing membranes and research institutions, universities, and industry partners may also create innovations through collective technological advancement. This can result in the formulation of new products, improvement in production methods, and discovering new fields of application. R&D investment can keep a company ahead of the market trends to meet the needs of constantly changing customers, ensuring long-term competitiveness.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Waterproofing Membranes 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 Waterproofing Membranes 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
Focus on sustainable and eco-friendly products is expected to be the key market trends
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the waterproofing membranes market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
BASF SE; Copernit SpA; GCP Applied Technologies Inc; General Membrane SpA; Koster Bauchemie AG are some of the key players operating in the waterproofing membranes market
The Waterproofing Membranes Market is estimated to witness a CAGR of 3% from 2023 to 2031
Rising demand in construction and infrastructure projects 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 Waterproofing Membranes Market - By Material
1.3.2 Waterproofing Membranes Market - By Type
1.3.3 Waterproofing Membranes Market - By Application
1.3.4 Waterproofing Membranes Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATERPROOFING MEMBRANES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. WATERPROOFING MEMBRANES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WATERPROOFING MEMBRANES MARKET - GLOBAL MARKET ANALYSIS
6.1. WATERPROOFING MEMBRANES - GLOBAL MARKET OVERVIEW
6.2. WATERPROOFING MEMBRANES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATERPROOFING MEMBRANES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. BITUMEN
7.3.1. Overview
7.3.2. Bitumen Market Forecast and Analysis
7.4. THERMOPLASTIC OLEFIN [TPO]
7.4.1. Overview
7.4.2. Thermoplastic Olefin [TPO] Market Forecast and Analysis
7.5. POLYVINYL CHLORIDE [PVC]
7.5.1. Overview
7.5.2. Polyvinyl Chloride [PVC] Market Forecast and Analysis
7.6. ETHYLENE PROPYLENE DIENE MONOMER [EPDM]
7.6.1. Overview
7.6.2. Ethylene Propylene Diene Monomer [EPDM] Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. WATERPROOFING MEMBRANES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. LIQUID-APPLIED MEMBRANES
8.3.1. Overview
8.3.2. Liquid-applied Membranes Market Forecast and Analysis
8.4. SHEET-BASED MEMBRANES
8.4.1. Overview
8.4.2. Sheet-based Membranes Market Forecast and Analysis
9. WATERPROOFING MEMBRANES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ROOFING AND WALLS
9.3.1. Overview
9.3.2. Roofing and Walls Market Forecast and Analysis
9.4. BUILDING STRUCTURES
9.4.1. Overview
9.4.2. Building Structures Market Forecast and Analysis
9.5. WATER AND WASTE MANAGEMENT
9.5.1. Overview
9.5.2. Water and Waste Management Market Forecast and Analysis
9.6. LANDFILLS AND TUNNEL LINERS
9.6.1. Overview
9.6.2. Landfills and Tunnel Liners Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. WATERPROOFING MEMBRANES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Waterproofing Membranes Market Overview
10.1.2 North America Waterproofing Membranes Market Forecasts and Analysis
10.1.3 North America Waterproofing Membranes Market Forecasts and Analysis - By Material
10.1.4 North America Waterproofing Membranes Market Forecasts and Analysis - By Type
10.1.5 North America Waterproofing Membranes Market Forecasts and Analysis - By Application
10.1.6 North America Waterproofing Membranes Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Waterproofing Membranes Market
10.1.6.1.1 Canada Waterproofing Membranes Market by Material
10.1.6.1.2 Canada Waterproofing Membranes Market by Type
10.1.6.1.3 Canada Waterproofing Membranes Market by Application
10.1.6.2 Mexico Waterproofing Membranes Market
10.1.6.2.1 Mexico Waterproofing Membranes Market by Material
10.1.6.2.2 Mexico Waterproofing Membranes Market by Type
10.1.6.2.3 Mexico Waterproofing Membranes Market by Application
10.1.6.3 US Waterproofing Membranes Market
10.1.6.3.1 US Waterproofing Membranes Market by Material
10.1.6.3.2 US Waterproofing Membranes Market by Type
10.1.6.3.3 US Waterproofing Membranes Market by Application
10.2. EUROPE
10.2.1 Europe Waterproofing Membranes Market Overview
10.2.2 Europe Waterproofing Membranes Market Forecasts and Analysis
10.2.3 Europe Waterproofing Membranes Market Forecasts and Analysis - By Material
10.2.4 Europe Waterproofing Membranes Market Forecasts and Analysis - By Type
10.2.5 Europe Waterproofing Membranes Market Forecasts and Analysis - By Application
10.2.6 Europe Waterproofing Membranes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Waterproofing Membranes Market
10.2.6.1.1 Germany Waterproofing Membranes Market by Material
10.2.6.1.2 Germany Waterproofing Membranes Market by Type
10.2.6.1.3 Germany Waterproofing Membranes Market by Application
10.2.6.2 France Waterproofing Membranes Market
10.2.6.2.1 France Waterproofing Membranes Market by Material
10.2.6.2.2 France Waterproofing Membranes Market by Type
10.2.6.2.3 France Waterproofing Membranes Market by Application
10.2.6.3 Italy Waterproofing Membranes Market
10.2.6.3.1 Italy Waterproofing Membranes Market by Material
10.2.6.3.2 Italy Waterproofing Membranes Market by Type
10.2.6.3.3 Italy Waterproofing Membranes Market by Application
10.2.6.4 United Kingdom Waterproofing Membranes Market
10.2.6.4.1 United Kingdom Waterproofing Membranes Market by Material
10.2.6.4.2 United Kingdom Waterproofing Membranes Market by Type
10.2.6.4.3 United Kingdom Waterproofing Membranes Market by Application
10.2.6.5 Russia Waterproofing Membranes Market
10.2.6.5.1 Russia Waterproofing Membranes Market by Material
10.2.6.5.2 Russia Waterproofing Membranes Market by Type
10.2.6.5.3 Russia Waterproofing Membranes Market by Application
10.2.6.6 Rest of Europe Waterproofing Membranes Market
10.2.6.6.1 Rest of Europe Waterproofing Membranes Market by Material
10.2.6.6.2 Rest of Europe Waterproofing Membranes Market by Type
10.2.6.6.3 Rest of Europe Waterproofing Membranes Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Waterproofing Membranes Market Overview
10.3.2 Asia-Pacific Waterproofing Membranes Market Forecasts and Analysis
10.3.3 Asia-Pacific Waterproofing Membranes Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Waterproofing Membranes Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Waterproofing Membranes Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Waterproofing Membranes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Waterproofing Membranes Market
10.3.6.1.1 Australia Waterproofing Membranes Market by Material
10.3.6.1.2 Australia Waterproofing Membranes Market by Type
10.3.6.1.3 Australia Waterproofing Membranes Market by Application
10.3.6.2 China Waterproofing Membranes Market
10.3.6.2.1 China Waterproofing Membranes Market by Material
10.3.6.2.2 China Waterproofing Membranes Market by Type
10.3.6.2.3 China Waterproofing Membranes Market by Application
10.3.6.3 India Waterproofing Membranes Market
10.3.6.3.1 India Waterproofing Membranes Market by Material
10.3.6.3.2 India Waterproofing Membranes Market by Type
10.3.6.3.3 India Waterproofing Membranes Market by Application
10.3.6.4 Japan Waterproofing Membranes Market
10.3.6.4.1 Japan Waterproofing Membranes Market by Material
10.3.6.4.2 Japan Waterproofing Membranes Market by Type
10.3.6.4.3 Japan Waterproofing Membranes Market by Application
10.3.6.5 South Korea Waterproofing Membranes Market
10.3.6.5.1 South Korea Waterproofing Membranes Market by Material
10.3.6.5.2 South Korea Waterproofing Membranes Market by Type
10.3.6.5.3 South Korea Waterproofing Membranes Market by Application
10.3.6.6 Rest of Asia-Pacific Waterproofing Membranes Market
10.3.6.6.1 Rest of Asia-Pacific Waterproofing Membranes Market by Material
10.3.6.6.2 Rest of Asia-Pacific Waterproofing Membranes Market by Type
10.3.6.6.3 Rest of Asia-Pacific Waterproofing Membranes Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Waterproofing Membranes Market Overview
10.4.2 Middle East and Africa Waterproofing Membranes Market Forecasts and Analysis
10.4.3 Middle East and Africa Waterproofing Membranes Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Waterproofing Membranes Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Waterproofing Membranes Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Waterproofing Membranes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Waterproofing Membranes Market
10.4.6.1.1 South Africa Waterproofing Membranes Market by Material
10.4.6.1.2 South Africa Waterproofing Membranes Market by Type
10.4.6.1.3 South Africa Waterproofing Membranes Market by Application
10.4.6.2 Saudi Arabia Waterproofing Membranes Market
10.4.6.2.1 Saudi Arabia Waterproofing Membranes Market by Material
10.4.6.2.2 Saudi Arabia Waterproofing Membranes Market by Type
10.4.6.2.3 Saudi Arabia Waterproofing Membranes Market by Application
10.4.6.3 U.A.E Waterproofing Membranes Market
10.4.6.3.1 U.A.E Waterproofing Membranes Market by Material
10.4.6.3.2 U.A.E Waterproofing Membranes Market by Type
10.4.6.3.3 U.A.E Waterproofing Membranes Market by Application
10.4.6.4 Rest of Middle East and Africa Waterproofing Membranes Market
10.4.6.4.1 Rest of Middle East and Africa Waterproofing Membranes Market by Material
10.4.6.4.2 Rest of Middle East and Africa Waterproofing Membranes Market by Type
10.4.6.4.3 Rest of Middle East and Africa Waterproofing Membranes Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Waterproofing Membranes Market Overview
10.5.2 South and Central America Waterproofing Membranes Market Forecasts and Analysis
10.5.3 South and Central America Waterproofing Membranes Market Forecasts and Analysis - By Material
10.5.4 South and Central America Waterproofing Membranes Market Forecasts and Analysis - By Type
10.5.5 South and Central America Waterproofing Membranes Market Forecasts and Analysis - By Application
10.5.6 South and Central America Waterproofing Membranes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Waterproofing Membranes Market
10.5.6.1.1 Brazil Waterproofing Membranes Market by Material
10.5.6.1.2 Brazil Waterproofing Membranes Market by Type
10.5.6.1.3 Brazil Waterproofing Membranes Market by Application
10.5.6.2 Argentina Waterproofing Membranes Market
10.5.6.2.1 Argentina Waterproofing Membranes Market by Material
10.5.6.2.2 Argentina Waterproofing Membranes Market by Type
10.5.6.2.3 Argentina Waterproofing Membranes Market by Application
10.5.6.3 Rest of South and Central America Waterproofing Membranes Market
10.5.6.3.1 Rest of South and Central America Waterproofing Membranes Market by Material
10.5.6.3.2 Rest of South and Central America Waterproofing Membranes Market by Type
10.5.6.3.3 Rest of South and Central America Waterproofing Membranes Market by Application
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. WATERPROOFING MEMBRANES MARKET, KEY COMPANY PROFILES
12.1. SIKA
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. TREMCO
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
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. SOPREMA
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. GCP APPLIED TECHNOLOGIES
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. FOSROC
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. MAPEI
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. CARLISLE CONSTRUCTION COMPANY
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. JOHNS MANVILLE
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. RENOLIT
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. Sika
2. Tremco
3. BASF
4. Soprema
5. GCP applied technologies
6. Fosroc
7. Mapei
8. Carlisle Construction Company
9. Johns Manville
10. Renolit
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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