Protective coatings are quite a simple way to reduce corrosion by limiting the exposure of the metal to a corrosive environment. Polymer coating systems can be employed on a metal surface to provide anti-corrosion protection. Surfaces look and perform better while coated with styrene-acrylic & acrylic polymer emulsions or with a styrene-butadiene latex, all of them designed to accept ink, create gloss, form a barrier, etc. Epoxy polymers, a class of thermosetting polymers, became the best choice. They are stable, tough, and resistant to corrosive chemicals. Epoxies are high performing adhesives and useful industrial surface coatings.
MARKET DYNAMICS
The corrosion protection polymer coating market has witnessed significant growth owing to factors such as wider application in industries such as marine, oil & gas, power generation, construction, automotive, and others. Also, polymer coatings serve as protective as well as decorative layers on the surface of consumer goods. A polymer or paint consisting of polymers that adhere to surfaces well and also prevents corrosion may be referred to as a corrosion-resistant polymeric coating. The process of polymeric coating mainly involves the application of an elastomer or other polymeric material onto a substrate. Polymeric coatings designed also manufactured for protection against corrosion are often quite durable and are required to adhere well to a substrate without easily chipping or degrading due to the imposition of moisture, heat, chemicals, or salt. However, fluctuating prices of raw materials may hamper the growth of the corrosion protection polymer coating market. Nevertheless, with the steady growth in the chemical processing industry and paint & coating industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Corrosion Protection Polymer Coating Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corrosion protection polymer coating market with detailed market segmentation by form, product type, end-use industry, and geography. The global corrosion protection polymer coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading corrosion protection polymer coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global corrosion protection polymer coating market is segmented on the basis of form, product type, and end-use industry. On the basis of form, the corrosion protection polymer coating market is segmented into solvent-based, water-based, and powder-based. The corrosion protection polymer coating market on the basis of the product type is classified into epoxy, polyurethane, alkyd, acrylic, fluoropolymer, zinc, and others. On the basis of end-use industry, global corrosion protection polymer coating market is bifurcated into marine, oil & gas, power generation, construction, automotive, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global corrosion protection polymer coating 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 corrosion protection polymer coating 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 corrosion protection polymer coating 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 corrosion protection polymer coating 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 global corrosion protection polymer coating 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 corrosion protection polymer coating 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 corrosion protection polymer coating 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 corrosion protection polymer coating market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global corrosion protection polymer coating market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 corrosion protection polymer coating market are anticipated to lucrative growth opportunities in the future with the rising demand for corrosion protection polymer coating in the global market. Below mentioned is the list of few companies engaged in the corrosion protection polymer coating market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corrosion protection polymer coating 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.
- Akzo Nobel NV.
- Ashland Inc.
- Axalta Coating Systems Ltd.
- BASF Coatings GmbH
- Jotun A/S
- Koch Knight LLC
- Polycorp Ltd.
- PPG Industries, Inc.
- Steuler-KCH GmbH
- The Sherwin-Williams Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Corrosion Protection Polymer Coating Market - By Form
1.3.2 Corrosion Protection Polymer Coating Market - By Product Type
1.3.3 Corrosion Protection Polymer Coating Market - By End-Use Industry
1.3.4 Corrosion Protection Polymer Coating Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CORROSION PROTECTION POLYMER COATING 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. CORROSION PROTECTION POLYMER COATING 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. CORROSION PROTECTION POLYMER COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. CORROSION PROTECTION POLYMER COATING - GLOBAL MARKET OVERVIEW
6.2. CORROSION PROTECTION POLYMER COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CORROSION PROTECTION POLYMER COATING MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. SOLVENT-BASED
7.3.1. Overview
7.3.2. Solvent-Based Market Forecast and Analysis
7.4. WATER-BASED
7.4.1. Overview
7.4.2. Water-Based Market Forecast and Analysis
7.5. POWDER-BASED
7.5.1. Overview
7.5.2. Powder-Based Market Forecast and Analysis
8. CORROSION PROTECTION POLYMER COATING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. EPOXY
8.3.1. Overview
8.3.2. Epoxy Market Forecast and Analysis
8.4. POLYURETHANE
8.4.1. Overview
8.4.2. Polyurethane Market Forecast and Analysis
8.5. ALKYD
8.5.1. Overview
8.5.2. Alkyd Market Forecast and Analysis
8.6. ACRYLIC
8.6.1. Overview
8.6.2. Acrylic Market Forecast and Analysis
8.7. FLUOROPOLYMER
8.7.1. Overview
8.7.2. Fluoropolymer Market Forecast and Analysis
8.8. ZINC
8.8.1. Overview
8.8.2. Zinc Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. CORROSION PROTECTION POLYMER COATING MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. MARINE
9.3.1. Overview
9.3.2. Marine Market Forecast and Analysis
9.4. OIL AND GAS
9.4.1. Overview
9.4.2. Oil and Gas Market Forecast and Analysis
9.5. POWER GENERATION
9.5.1. Overview
9.5.2. Power Generation Market Forecast and Analysis
9.6. CONSTRUCTION
9.6.1. Overview
9.6.2. Construction Market Forecast and Analysis
9.7. AUTOMOTIVE
9.7.1. Overview
9.7.2. Automotive Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. CORROSION PROTECTION POLYMER COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Corrosion Protection Polymer Coating Market Overview
10.1.2 North America Corrosion Protection Polymer Coating Market Forecasts and Analysis
10.1.3 North America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Form
10.1.4 North America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Product Type
10.1.5 North America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Countries
10.1.6.1 United States Corrosion Protection Polymer Coating Market
10.1.6.1.1 United States Corrosion Protection Polymer Coating Market by Form
10.1.6.1.2 United States Corrosion Protection Polymer Coating Market by Product Type
10.1.6.1.3 United States Corrosion Protection Polymer Coating Market by End-Use Industry
10.1.6.2 Canada Corrosion Protection Polymer Coating Market
10.1.6.2.1 Canada Corrosion Protection Polymer Coating Market by Form
10.1.6.2.2 Canada Corrosion Protection Polymer Coating Market by Product Type
10.1.6.2.3 Canada Corrosion Protection Polymer Coating Market by End-Use Industry
10.1.6.3 Mexico Corrosion Protection Polymer Coating Market
10.1.6.3.1 Mexico Corrosion Protection Polymer Coating Market by Form
10.1.6.3.2 Mexico Corrosion Protection Polymer Coating Market by Product Type
10.1.6.3.3 Mexico Corrosion Protection Polymer Coating Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Corrosion Protection Polymer Coating Market Overview
10.2.2 Europe Corrosion Protection Polymer Coating Market Forecasts and Analysis
10.2.3 Europe Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Form
10.2.4 Europe Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Product Type
10.2.5 Europe Corrosion Protection Polymer Coating Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Corrosion Protection Polymer Coating Market
10.2.6.1.1 Germany Corrosion Protection Polymer Coating Market by Form
10.2.6.1.2 Germany Corrosion Protection Polymer Coating Market by Product Type
10.2.6.1.3 Germany Corrosion Protection Polymer Coating Market by End-Use Industry
10.2.6.2 France Corrosion Protection Polymer Coating Market
10.2.6.2.1 France Corrosion Protection Polymer Coating Market by Form
10.2.6.2.2 France Corrosion Protection Polymer Coating Market by Product Type
10.2.6.2.3 France Corrosion Protection Polymer Coating Market by End-Use Industry
10.2.6.3 Spain Corrosion Protection Polymer Coating Market
10.2.6.3.1 Spain Corrosion Protection Polymer Coating Market by Form
10.2.6.3.2 Spain Corrosion Protection Polymer Coating Market by Product Type
10.2.6.3.3 Spain Corrosion Protection Polymer Coating Market by End-Use Industry
10.2.6.4 United Kingdom Corrosion Protection Polymer Coating Market
10.2.6.4.1 United Kingdom Corrosion Protection Polymer Coating Market by Form
10.2.6.4.2 United Kingdom Corrosion Protection Polymer Coating Market by Product Type
10.2.6.4.3 United Kingdom Corrosion Protection Polymer Coating Market by End-Use Industry
10.2.6.5 Russia Corrosion Protection Polymer Coating Market
10.2.6.5.1 Russia Corrosion Protection Polymer Coating Market by Form
10.2.6.5.2 Russia Corrosion Protection Polymer Coating Market by Product Type
10.2.6.5.3 Russia Corrosion Protection Polymer Coating Market by End-Use Industry
10.2.6.6 Rest of Europe Corrosion Protection Polymer Coating Market
10.2.6.6.1 Rest of Europe Corrosion Protection Polymer Coating Market by Form
10.2.6.6.2 Rest of Europe Corrosion Protection Polymer Coating Market by Product Type
10.2.6.6.3 Rest of Europe Corrosion Protection Polymer Coating Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Corrosion Protection Polymer Coating Market Overview
10.3.2 Asia-Pacific Corrosion Protection Polymer Coating Market Forecasts and Analysis
10.3.3 Asia-Pacific Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Corrosion Protection Polymer Coating Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Corrosion Protection Polymer Coating Market
10.3.6.1.1 Australia Corrosion Protection Polymer Coating Market by Form
10.3.6.1.2 Australia Corrosion Protection Polymer Coating Market by Product Type
10.3.6.1.3 Australia Corrosion Protection Polymer Coating Market by End-Use Industry
10.3.6.2 China Corrosion Protection Polymer Coating Market
10.3.6.2.1 China Corrosion Protection Polymer Coating Market by Form
10.3.6.2.2 China Corrosion Protection Polymer Coating Market by Product Type
10.3.6.2.3 China Corrosion Protection Polymer Coating Market by End-Use Industry
10.3.6.3 India Corrosion Protection Polymer Coating Market
10.3.6.3.1 India Corrosion Protection Polymer Coating Market by Form
10.3.6.3.2 India Corrosion Protection Polymer Coating Market by Product Type
10.3.6.3.3 India Corrosion Protection Polymer Coating Market by End-Use Industry
10.3.6.4 Japan Corrosion Protection Polymer Coating Market
10.3.6.4.1 Japan Corrosion Protection Polymer Coating Market by Form
10.3.6.4.2 Japan Corrosion Protection Polymer Coating Market by Product Type
10.3.6.4.3 Japan Corrosion Protection Polymer Coating Market by End-Use Industry
10.3.6.5 South Korea Corrosion Protection Polymer Coating Market
10.3.6.5.1 South Korea Corrosion Protection Polymer Coating Market by Form
10.3.6.5.2 South Korea Corrosion Protection Polymer Coating Market by Product Type
10.3.6.5.3 South Korea Corrosion Protection Polymer Coating Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Corrosion Protection Polymer Coating Market
10.3.6.6.1 Rest of Asia-Pacific Corrosion Protection Polymer Coating Market by Form
10.3.6.6.2 Rest of Asia-Pacific Corrosion Protection Polymer Coating Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Corrosion Protection Polymer Coating Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Corrosion Protection Polymer Coating Market Overview
10.4.2 Middle East and Africa Corrosion Protection Polymer Coating Market Forecasts and Analysis
10.4.3 Middle East and Africa Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Corrosion Protection Polymer Coating Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Corrosion Protection Polymer Coating Market
10.4.6.1.1 South Africa Corrosion Protection Polymer Coating Market by Form
10.4.6.1.2 South Africa Corrosion Protection Polymer Coating Market by Product Type
10.4.6.1.3 South Africa Corrosion Protection Polymer Coating Market by End-Use Industry
10.4.6.2 Saudi Arabia Corrosion Protection Polymer Coating Market
10.4.6.2.1 Saudi Arabia Corrosion Protection Polymer Coating Market by Form
10.4.6.2.2 Saudi Arabia Corrosion Protection Polymer Coating Market by Product Type
10.4.6.2.3 Saudi Arabia Corrosion Protection Polymer Coating Market by End-Use Industry
10.4.6.3 U.A.E Corrosion Protection Polymer Coating Market
10.4.6.3.1 U.A.E Corrosion Protection Polymer Coating Market by Form
10.4.6.3.2 U.A.E Corrosion Protection Polymer Coating Market by Product Type
10.4.6.3.3 U.A.E Corrosion Protection Polymer Coating Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Corrosion Protection Polymer Coating Market
10.4.6.4.1 Rest of Middle East and Africa Corrosion Protection Polymer Coating Market by Form
10.4.6.4.2 Rest of Middle East and Africa Corrosion Protection Polymer Coating Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Corrosion Protection Polymer Coating Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Corrosion Protection Polymer Coating Market Overview
10.5.2 South and Central America Corrosion Protection Polymer Coating Market Forecasts and Analysis
10.5.3 South and Central America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Form
10.5.4 South and Central America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Corrosion Protection Polymer Coating Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Corrosion Protection Polymer Coating Market
10.5.6.1.1 Brazil Corrosion Protection Polymer Coating Market by Form
10.5.6.1.2 Brazil Corrosion Protection Polymer Coating Market by Product Type
10.5.6.1.3 Brazil Corrosion Protection Polymer Coating Market by End-Use Industry
10.5.6.2 Argentina Corrosion Protection Polymer Coating Market
10.5.6.2.1 Argentina Corrosion Protection Polymer Coating Market by Form
10.5.6.2.2 Argentina Corrosion Protection Polymer Coating Market by Product Type
10.5.6.2.3 Argentina Corrosion Protection Polymer Coating Market by End-Use Industry
10.5.6.3 Rest of South and Central America Corrosion Protection Polymer Coating Market
10.5.6.3.1 Rest of South and Central America Corrosion Protection Polymer Coating Market by Form
10.5.6.3.2 Rest of South and Central America Corrosion Protection Polymer Coating Market by Product Type
10.5.6.3.3 Rest of South and Central America Corrosion Protection Polymer Coating 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. CORROSION PROTECTION POLYMER COATING MARKET, KEY COMPANY PROFILES
12.1. AKZO NOBEL NV
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. ASHLAND GLOBAL HOLDINGS, INC.
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. AXALTA COATING SYSTEMS
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. BASF COATING GMBH
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. JOTUN A/S
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. KOCH KNIGHT LLC
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. POLYCORP LIMITED
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. PPG INDUSTRIES, INC.
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. STEULER - KCH GMBH
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. THE SHERWIN WILLIAMS COMPANY
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. Akzo Nobel NV
2. Ashland Global Holdings, Inc.
3. Axalta Coating Systems
4. BASF Coating GmbH
5. Jotun A/S
6. Koch Knight LLC
7. Polycorp Limited
8. PPG Industries, Inc.
9. STEULER - KCH GmbH
10. The Sherwin Williams Company
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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