The Europe Electroplating Market for Jewellery and Personal Goods Application size is expected to grow from US$ 3.45 billion in 2022 to US$ 5.03 billion by 2030; it is estimated to register a CAGR of 4.8% from 2022 to 2030.
MARKET ANALYSIS
Electroplating is the process of coating metal or metal objects with a very thin layer of another metal by applying a direct electric current. This process uses electric current to reduce dissolved metal cations so as to develop a lean, coherent metal coating on the electrode. The electroplating process is highly utilized in the jewellery and personal goods industry to provide a shiny appearance to the products. Copper and nickel are used majorly for electroplating in the personal goods industry, whereas gold and silver play a major role in the electroplating process for jewellery.
GROWTH DRIVERS AND CHALLENGES
The primary reason that is driving the market is the high demand from various end-use industries. With the advent of electroplating, most of the manufacturers rely on comparatively cheap metals and later on electroplated with other metals to give better protection from corrosion. These factors have compelled manufacturers to uptake electroplating, thus making the Europe electroplating market expand. Also, the advent of innovations in electroplating technologies has meant that the efforts of industry players to curb their environmental footprint and improve waste management are being materialized. Moreover, various applications are beinefitted with several benefits of the electroplating process. Electroplating enhances appearance, electrical conductivity, protective barrier, and improves hardness. Plating exterior pieces with thin layers of precious metals makes them more lustrous and attractive to look at. Electroplating is also used to prevent tarnishing on silverware, thus improving longevity and aesthetic appearance over time. All these benefits of electroplating are boosting its adoption in the jewellery and personal goods industry. Therefore, the rising demand for electroplating from various end-use industries is propelling electroplating market for jewellery and personal goods application growth.
Further, several governments and authorities are imposing certain regulations on the electroplating industry to curb the emissions of harmful chemicals along with gases that are released into the atmosphere throughout the electroplating process. This is likely to hinder the growth of the Europe electroplating market for jewellery and personal goods application. The electroplating industry is constantly engaging with hazardous materials, which are harmful to humans as well as to the environment. The process of electroplating produces sludge, which further contains a high quantity of metals that should be classified as hazardous waste or should be subjected to metal recovery procedures. Sludge should be processed to ensure that toxins are not released into the environment, and the process baths should be recycled post-concentration and filtration. Thus, waste management is the most challenging aspect of the electroplating industry, making the electroplating industry growth uncertain.
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Europe Electroplating Market: Strategic Insights
Market Size Value in US$ 3.45 billion in 2022 Market Size Value by US$ 5.03 billion by 2030 Growth rate CAGR of 4.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Europe Electroplating Market: Strategic Insights
| Market Size Value in | US$ 3.45 billion in 2022 |
| Market Size Value by | US$ 5.03 billion by 2030 |
| Growth rate | CAGR of 4.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Europe electroplating market for jewellery and personal goods application " is segmented on the basis of metal, type, application, and country. Based on metal, the market is segmented into gold, silver, copper, nickel, and others. By type, the market is segmented into barrel plating, rack plating, continuous plating, and line plating. By application, the market is segmented into jewellery and personal goods. The personal goods segment is further sub-categorized into buckles, carabiners, kitchenware, eyeglass frames, tableware, and others. By country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.
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SEGMENTAL ANALYSIS
The market is segmented on the basis of metal, type, and application. Based on metal, the market is segmented into gold, silver, copper, nickel, and others. The copper segment held a significant share of the Europe electroplating market for jewellery and personal goods application in 2022. Copper plating increases the conductivity of a substrate, though copper is itself extremely conductive. However, silver is a more powerful metal for the conductivity of electricity. As a soft metal, copper is often malleable and thus has the inherent flexibility to maintain adhesion.
By type, the market is segmented into barrel plating, rack plating, continuous plating, and line plating. The rack plating segment dominates the Europe electroplating market for jewellery and personal goods application. In the rack plating process, the parts are put on a wire rack, allowing each part to come into physical contact with the power source. This method is more expensive and is better suited to more delicate parts that cannot undergo barrel plating. Rack plating is difficult for parts that are electrically sensitive or have an irregular shape.
By application, the market is segmented into jewellery and personal goods. The personal goods segment dominates the market. The personal goods segment is further sub-categorized into buckles, carabiners, kitchenware, eyeglass frames, tableware, and others. Electroplating is used for different types of personal goods, such as belt buckles, handbag chains, eyeglass frames, and tie clips. Electroplating helps increase the durability and improve the appearance of plated pieces. Adding a layer of the desired metal on different personal goods helps improve several physical, mechanical, and chemical properties of the substrate, including its strength, heat conductivity, electrical conductivity, corrosion resistance, and abrasion.
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REGIONAL ANALYSIS
The report provides a detailed overview of the Europe electroplating market for jewellery and personal goods application with respect to country. Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Germany dominated the market in 2022. The electroplating market in Germany was valued at more than US$ 700 million in 2022. France is a second major contributor to the market in this region, accounting for more than 15% market share. The market in Italy is expected to register a significant CAGR from 2022 to 2030. There are various jewellery manufacturers in Italy. The Extraordinary Italian Jewellery project was launched in 2015. The promotional project aims to showcase the excellence of ‘Made in Italy’ products and create new business opportunities in the US. In the first quarter of 2023, the gold & jewellery industry’s performance in Italy set a promising tone for the sector’s growth prospects in domestic and global markets.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches are among the major strategies adopted by the players operating in the Europe electroplating market.
- In November 2023, Alleima AB, a global manufacturer of high-value-added products in advanced stainless steel and special alloys, announced a plan to expand its operations in Switzerland to meet the growing demand for plated components.
- In November 2023, Grand Venture Technology announced a plan to acquire surface treatment specialist ACP Metal Finishing for US$ 17 million.
- In July 2023, MKS Instruments announced the release of the Atotech CMA Closed-Loop System for alkaline zinc nickel plating. This technology is certified by TÜV Rheinland, which enables virtually wastewater-free operations while minimizing waste generation and reducing carbon footprint. This technology features compact membrane anodes, custom chemical additives, a vacuum evaporator, and a freezing unit. This results in a significantly reduced environmental impact, a longer lifespan, and enhanced product quality for the electroplating line.
IMPACT OF COVID-19 Pandemic
Before the COVID-19 pandemic, the market in Europe was mainly driven by its increasing use in various industries, such as personal goods and jewellery. Due to the COVID-19 pandemic in 2020, various industries had to slow down their operations due to disruptions in the value chain caused by restrictions on national and international boundaries. The pandemic introduced various economic challenges, hindering the growth of the Europe electroplating market for jewellery and personal goods application.
Disruptions in the supply chain due to the COVID-19 pandemic caused fluctuations in the prices of raw materials required for electroplating. Prices of different metals crashed amid the pandemic. In 2020, copper prices hit their lowest level since January 2016. In early 2020, the shutdown of production activities in the jewellery and personal goods industries due to the pandemic also reduced the demand for electroplating. Further, the electroplating market began reviving as governments of various countries in Europe took significant measures such as well-coordinated vaccination drives. The resumption of business activities in the personal goods and jewellery industries propelled the demand for electroplating services.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
A few of the key players operating in the Europe electroplating market for jewellery and personal goods application are ELIX Polymers SL, Dr Hesse GmbH & Cie KG, PRV Engineering Ltd, SAXONIA Galvanik GmbH, Karas Plating Ltd, Dr Ing Max Schlotter GmbH and Co KG, Atotech Deutschland GmbH & Co KG, Allenchrome Electroplating Ltd, Frost Electroplating Ltd, and UK Metal Finishing Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Metal, Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electroplating Market for Jewellery and Personal Goods Application Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Electroplating Companies
4.3.3 End Use
4.4 List of Vendors in the Value Chain
5. Europe Electroplating Market for Jewellery and Personal Goods Application – Key Market Dynamics
5.1 Europe Electroplating Market for Jewellery and Personal Goods Application – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand from End-Use Industries
5.2.2 On-Going Industrialization
5.3 Market Restraints
5.3.1 Regulations by Various Authorities upon Electroplating
5.4 Market Opportunities
5.4.1 Implementation of Innovative and Environment-friendly Techniques
5.5 Future Trends
5.5.1 Use of Nanotechnology
5.6 Impact of Drivers and Restraints:
6. Europe Electroplating Market for Jewellery and Personal Goods Application Analysis
6.1 Europe Electroplating Market for Jewellery and Personal Goods Application Revenue (US$ Million), 2022 – 2030
6.2 Europe Electroplating Market for Jewellery and Personal Goods Application Forecast and Analysis
7. Europe Electroplating Market for Jewellery and Personal Goods Application Analysis – by Metal
7.1 Gold
7.1.1 Overview
7.1.2 Gold Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Silver
7.2.1 Overview
7.2.2 Silver Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Copper
7.3.1 Overview
7.3.2 Copper Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel
7.4.1 Overview
7.4.2 Nickel Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Electroplating Market for Jewellery and Personal Goods Application Analysis –by Type
8.1 Barrel Plating
8.1.1 Overview
8.1.2 Barrel Plating Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Rack Plating
8.2.1 Overview
8.2.2 Rack Plating Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Continuous Plating
8.3.1 Overview
8.3.2 Continuous Plating Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Line Plating
8.4.1 Overview
8.4.2 Line Plating Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Electroplating Market for Jewellery and Personal Goods Application Analysis – by Application
9.1 Jewellery
9.1.1 Overview
9.1.2 Jewellery Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Personal Goods
9.2.1 Overview
9.2.2 Personal Goods Market, Revenue and Forecast to 2030 (US$ Million)
9.2.3 Buckles
9.2.3.1 Buckles: Europe Electroplating Market for Jewellery and Personal Goods Application – Revenue and Forecast to 2028 (US$ Million)
9.2.4 Carabiners
9.2.4.1 Carabiners: Europe Electroplating Market for Jewellery and Personal Goods Application – Revenue and Forecast to 2028 (US$ Million)
9.2.5 Kitchenware
9.2.5.1 Kitchenware: Europe Electroplating Market for Jewellery and Personal Goods Application – Revenue and Forecast to 2028 (US$ Million)
9.2.6 Eyeglass Frames
9.2.6.1 Eyeglass Frames: Europe Electroplating Market for Jewellery and Personal Goods Application – Revenue and Forecast to 2028 (US$ Million)
9.2.7 Tableware
9.2.7.1 Tableware: Europe Electroplating Market for Jewellery and Personal Goods Application – Revenue and Forecast to 2028 (US$ Million)
9.2.8 Others
9.2.8.1 Others: Europe Electroplating Market for Jewellery and Personal Goods Application – Revenue and Forecast to 2028 (US$ Million)
10. Europe Electroplating Market for Jewellery and Personal Goods Application – Country Analysis
10.1 Europe
10.1.1 Europe Electroplating Market for Jewellery and Personal Goods Application Breakdown by Countries
10.1.2 Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast and Analysis – by Country
10.1.2.1 Germany Electroplating Market Revenue and Forecast to 2030 (US$ Million)
10.1.2.1.1 Germany Electroplating Market Breakdown by Metal
10.1.2.1.2 Germany Electroplating Market Breakdown by Type
10.1.2.1.3 Germany Electroplating Market Breakdown by Application
10.1.2.2 France Electroplating Market Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 France Electroplating Market Breakdown by Metal
10.1.2.2.2 France Electroplating Market Breakdown by Type
10.1.2.2.3 France Electroplating Market Breakdown by Application
10.1.2.3 UK Electroplating Market Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 UK Electroplating Market Breakdown by Metal
10.1.2.3.2 UK Electroplating Market Breakdown by Type
10.1.2.3.3 UK Electroplating Market Breakdown by Application
10.1.2.4 Italy Electroplating Market Revenue and Forecast to 2030 (US$ Million)
10.1.2.4.1 Italy Electroplating Market Breakdown by Metal
10.1.2.4.2 Italy Electroplating Market Breakdown by Type
10.1.2.4.3 Italy Electroplating Market Breakdown by Application
10.1.2.5 Russia Electroplating Market Revenue and Forecast to 2030 (US$ Million)
10.1.2.5.1 Russia Electroplating Market Breakdown by Metal
10.1.2.5.2 Russia Electroplating Market Breakdown by Type
10.1.2.5.3 Russia Electroplating Market Breakdown by Application
10.1.2.6 Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million)
10.1.2.6.1 Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Breakdown by Metal
10.1.2.6.2 Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Breakdown by Type
10.1.2.6.3 Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Breakdown by Application
11. Europe Electroplating Market for Jewellery and Personal Goods Application – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 ELIX Polymers SL
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Dr Hesse GmbH & Cie KG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 PRV Engineering Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 SAXONIA Galvanik GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Karas Plating Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Dr Ing Max Schlotter GmbH and Co KG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Atotech Deutschland GmbH & Co KG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Allenchrome Electroplating Ltd
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Frost Electroplating Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 UK Metal Finishing Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
List of Tables
Table 1. Europe Electroplating Market for Jewellery and Personal Goods Application Segmentation
Table 2. List of Vendors
Table 3. Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million)
Table 4. Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million) – Metal
Table 5. Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million) – Type
Table 6. Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million) – Application
Table 7. Germany Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 8. Germany Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Type
Table 9. Germany Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Application
Table 10. France Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 11. France Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Type
Table 12. France Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Application
Table 13. UK Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 14. UK Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. UK Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Application
Table 16. Italy Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 17. Italy Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Type
Table 18. Italy Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Application
Table 19. Russia Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 20. Russia Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Type
Table 21. Russia Electroplating Market Revenue and Forecast to 2030 (US$ Million) – by Application
Table 22. Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million) – by Metal
Table 23. Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million) – by Type
Table 24. Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million) – by Application
List of Figures
Figure 1. Europe Electroplating Market for Jewellery and Personal Goods Application Segmentation, by Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Electroplating Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Electroplating Market for Jewellery and Personal Goods Application Revenue (US$ Million), 2022 – 2030
Figure 6. Europe Electroplating Market for Jewellery and Personal Goods Application Share (%) – Metal, 2022 and 2030
Figure 7. Gold Market Revenue and Forecast to 2030 (US$ Million)
Figure 8. Silver Market Revenue and Forecast to 2030 (US$ Million)
Figure 9. Copper Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Nickel Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Europe Electroplating Market for Jewellery and Personal Goods Application Share (%) – Type, 2022 and 2030
Figure 13. Barrel Plating Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Rack Plating Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Continuous Plating Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Line Plating Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Europe Electroplating Market for Jewellery and Personal Goods Application Share (%) – Application, 2022 and 2030
Figure 18. Jewellery Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Personal Goods Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. Buckles Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Carabiners Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Kitchenware Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Eyeglass Frames Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Tableware Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Europe Electroplating Market for Jewellery and Personal Goods Application Breakdown by Key Countries, 2022 and 2030 (%)
Figure 27. Germany Electroplating Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. France Electroplating Market Revenue and Forecast to 2030 (US$ Million)
Figure 29. UK Electroplating Market Revenue and Forecast to 2030 (US$ Million)
Figure 30. Italy Electroplating Market Revenue and Forecast to 2030 (US$ Million)
Figure 31. Russia Electroplating Market Revenue and Forecast to 2030 (US$ Million)
Figure 32. Rest of Europe Electroplating Market for Jewellery and Personal Goods Application Revenue and Forecast to 2030 (US$ Million)
Figure 33. Heat Map Analysis By Key Players
Figure 34. Company Positioning & Concentration
The List of Companies - Europe Electroplating Market for Jewellery and Personal Goods Application
- ELIX Polymers SL
- Dr Hesse GmbH & Cie KG
- PRV Engineering Ltd
- SAXONIA Galvanik GmbHs
- Karas Plating Ltd
- Dr Ing Max Schlotter GmbH and Co KG
- Atotech Deutschland GmbH & Co KG
- Allenchrome Electroplating Ltd
- Frost Electroplating Ltd
- UK Metal Finishing Ltd.
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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Dec 2023
Plastic Pipes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Corrugated (Single-Wall and Multi-Wall) and Smoothwall], Material Type (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), Application (Water Supply, Sewage and Drainage, Irrigation, Gas Distribution, and Others), End-Use Industry (Construction and Infrastructure, Water and Wastewater Management, Oil and Gas, and Others), and Geography
Dec 2023
Nonwovens for Energy Applications Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy], and Geography
Dec 2023
Hot Melt Adhesives Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Glue Sticks, Glue Slugs, and Others), Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others), Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others), and Geography
Dec 2023
Cosmetic Preservatives Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Source (Natural and Synthetic), Product Type (Parabens, Formaldehyde Releasers, Organic Acids, Quaternary Compounds, Phenol Derivatives, Alcohols, and Others), Application (Hair Care, Skin Care, Makeup Products, Toiletries, Perfumes and Deodorants, and Others), and Geography
Dec 2023
Sealants Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Silicone Sealants, Polyurethane Sealants, Acrylic Sealants, Polysulfide Sealants, Butyl Sealants, Hybrid Sealants (Silane Modified Polymer Sealants, Polyurethane Modified Acrylic Sealants, and Others), and Others], Application (Waterproofing, Insulation, Bonding and Sealing, Soundproofing, and Others), End-Use Industry (Building & Construction, Automotive, Electronics, Healthcare, Aerospace & Defense, Marine, Energy & Power, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Dec 2023
Polyacrylic Acid Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)
Dec 2023
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
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