Corrosion protective coatings are mainly used by industries worldwide to protect their products from degradation, most commonly affected by moisture, salt spray, oxidation, and a number of chemical-based occurrences that can be proven to be harmful to metals and alloys. Zinc and titanium dioxide compounds are some of the essential ingredients in corrosion protective coatings and the overall paints & coatings industry.
MARKET DYNAMICS
The corrosion protective coatings & acid proof linings market has witnessed significant growth owing to factors such as wider application in industries such as marine, oil and gas, power generation, construction, automotive, chemicals, and others. The market growth is mainly attributed to rising demand from various end-user industries, strengthening of global economies, advancements in coating technologies, and low competitive pressure owing to fast-growing demands. Other factors propelling the growth of this market include an increasing shift from solvent-borne technology to waterborne technology along with increasing investments by key players in developing regions. However, various regulations upon the raw materials and their fluctuating prices may hamper the growth of the corrosion protective coatings and acid proof linings market. Nevertheless, with the steady growth in the construction industry and automotive industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Corrosion Protective Coatings and Acid Proof Linings 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 protective coatings and acid proof linings market with detailed market segmentation by nature, type, end-use industry, and geography. The global corrosion protective coatings and acid proof linings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading corrosion protective coatings and acid proof linings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global corrosion protective coatings and acid proof linings market is segmented on the basis of nature, type, and end-use industry. On the basis of nature, the corrosion protective coatings and acid proof linings market is segmented into solvent-based, water-based, and powder-based. The corrosion protective coatings and acid proof linings market on the basis of the type is classified into polymer coatings, rubber lining systems acid proof lining, ceramic & carbon brick lining, thermoplastics lining, and others. On the basis of end-use industry, global corrosion protective coatings and acid proof linings market is bifurcated into marine, oil and gas, power generation, construction, automotive, chemicals, 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global corrosion protective coatings and acid proof linings 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 protective coatings and acid proof linings market are anticipated to lucrative growth opportunities in the future with the rising demand for corrosion protective coatings and acid proof linings in the global market. Below mentioned is the list of few companies engaged in the corrosion protective coatings and acid proof linings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corrosion protective coatings and acid proof linings 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.
- Ashland Inc.
- Axalta Coatings Ltd.
- BASF Coatings GmbH
- Hempel A/S
- International Paint Limited
- Jotun A/S
- PPG Industries Inc.
- The Sherwin Williams Company
- Others
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 Protective Coatings And Acid Proof Linings Market - By Nature
1.3.2 Corrosion Protective Coatings And Acid Proof Linings Market - By Type
1.3.3 Corrosion Protective Coatings And Acid Proof Linings Market - By End-Use Industry
1.3.4 Corrosion Protective Coatings And Acid Proof Linings Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS 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 PROTECTIVE COATINGS AND ACID PROOF LININGS MARKET - GLOBAL MARKET ANALYSIS
6.1. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS - GLOBAL MARKET OVERVIEW
6.2. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS MARKET - REVENUE AND FORECASTS TO 2028 - NATURE
7.1. OVERVIEW
7.2. NATURE 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 PROTECTIVE COATINGS AND ACID PROOF LININGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. POLYMER COATINGS
8.3.1. Overview
8.3.2. Polymer coatings Market Forecast and Analysis
8.4. RUBBER LINING SYSTEMS
8.4.1. Overview
8.4.2. Rubber lining systems Market Forecast and Analysis
8.5. ACID PROOF LINING
8.5.1. Overview
8.5.2. Acid Proof Lining Market Forecast and Analysis
8.6. CERAMIC AND CARBON BRICK LINING
8.6.1. Overview
8.6.2. Ceramic and carbon brick lining Market Forecast and Analysis
8.7. THERMOPLASTICS LINING
8.7.1. Overview
8.7.2. Thermoplastics lining Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS 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. CHEMICALS
9.8.1. Overview
9.8.2. Chemicals Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. CORROSION PROTECTIVE COATINGS AND ACID PROOF LININGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Corrosion Protective Coatings And Acid Proof Linings Market Overview
10.1.2 North America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis
10.1.3 North America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Nature
10.1.4 North America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Type
10.1.5 North America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Countries
10.1.6.1 United States Corrosion Protective Coatings And Acid Proof Linings Market
10.1.6.1.1 United States Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.1.6.1.2 United States Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.1.6.1.3 United States Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.1.6.2 Canada Corrosion Protective Coatings And Acid Proof Linings Market
10.1.6.2.1 Canada Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.1.6.2.2 Canada Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.1.6.2.3 Canada Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.1.6.3 Mexico Corrosion Protective Coatings And Acid Proof Linings Market
10.1.6.3.1 Mexico Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.1.6.3.2 Mexico Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.1.6.3.3 Mexico Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Corrosion Protective Coatings And Acid Proof Linings Market Overview
10.2.2 Europe Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis
10.2.3 Europe Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Nature
10.2.4 Europe Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Type
10.2.5 Europe Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Corrosion Protective Coatings And Acid Proof Linings Market
10.2.6.1.1 Germany Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.2.6.1.2 Germany Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.2.6.1.3 Germany Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.2.6.2 France Corrosion Protective Coatings And Acid Proof Linings Market
10.2.6.2.1 France Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.2.6.2.2 France Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.2.6.2.3 France Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.2.6.3 Italy Corrosion Protective Coatings And Acid Proof Linings Market
10.2.6.3.1 Italy Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.2.6.3.2 Italy Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.2.6.3.3 Italy Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.2.6.4 United Kingdom Corrosion Protective Coatings And Acid Proof Linings Market
10.2.6.4.1 United Kingdom Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.2.6.4.2 United Kingdom Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.2.6.4.3 United Kingdom Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.2.6.5 Russia Corrosion Protective Coatings And Acid Proof Linings Market
10.2.6.5.1 Russia Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.2.6.5.2 Russia Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.2.6.5.3 Russia Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.2.6.6 Rest of Europe Corrosion Protective Coatings And Acid Proof Linings Market
10.2.6.6.1 Rest of Europe Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.2.6.6.2 Rest of Europe Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.2.6.6.3 Rest of Europe Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market Overview
10.3.2 Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis
10.3.3 Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Nature
10.3.4 Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Corrosion Protective Coatings And Acid Proof Linings Market
10.3.6.1.1 Australia Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.3.6.1.2 Australia Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.3.6.1.3 Australia Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.3.6.2 China Corrosion Protective Coatings And Acid Proof Linings Market
10.3.6.2.1 China Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.3.6.2.2 China Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.3.6.2.3 China Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.3.6.3 India Corrosion Protective Coatings And Acid Proof Linings Market
10.3.6.3.1 India Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.3.6.3.2 India Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.3.6.3.3 India Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.3.6.4 Japan Corrosion Protective Coatings And Acid Proof Linings Market
10.3.6.4.1 Japan Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.3.6.4.2 Japan Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.3.6.4.3 Japan Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.3.6.5 South Korea Corrosion Protective Coatings And Acid Proof Linings Market
10.3.6.5.1 South Korea Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.3.6.5.2 South Korea Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.3.6.5.3 South Korea Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market
10.3.6.6.1 Rest of Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.3.6.6.2 Rest of Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.3.6.6.3 Rest of Asia-Pacific Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market Overview
10.4.2 Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis
10.4.3 Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Nature
10.4.4 Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Corrosion Protective Coatings And Acid Proof Linings Market
10.4.6.1.1 South Africa Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.4.6.1.2 South Africa Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.4.6.1.3 South Africa Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.4.6.2 Saudi Arabia Corrosion Protective Coatings And Acid Proof Linings Market
10.4.6.2.1 Saudi Arabia Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.4.6.2.2 Saudi Arabia Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.4.6.2.3 Saudi Arabia Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.4.6.3 U.A.E Corrosion Protective Coatings And Acid Proof Linings Market
10.4.6.3.1 U.A.E Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.4.6.3.2 U.A.E Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.4.6.3.3 U.A.E Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market
10.4.6.4.1 Rest of Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.4.6.4.2 Rest of Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.4.6.4.3 Rest of Middle East and Africa Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Corrosion Protective Coatings And Acid Proof Linings Market Overview
10.5.2 South and Central America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis
10.5.3 South and Central America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Nature
10.5.4 South and Central America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Type
10.5.5 South and Central America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Corrosion Protective Coatings And Acid Proof Linings Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Corrosion Protective Coatings And Acid Proof Linings Market
10.5.6.1.1 Brazil Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.5.6.1.2 Brazil Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.5.6.1.3 Brazil Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.5.6.2 Argentina Corrosion Protective Coatings And Acid Proof Linings Market
10.5.6.2.1 Argentina Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.5.6.2.2 Argentina Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.5.6.2.3 Argentina Corrosion Protective Coatings And Acid Proof Linings Market by End-Use Industry
10.5.6.3 Rest of South and Central America Corrosion Protective Coatings And Acid Proof Linings Market
10.5.6.3.1 Rest of South and Central America Corrosion Protective Coatings And Acid Proof Linings Market by Nature
10.5.6.3.2 Rest of South and Central America Corrosion Protective Coatings And Acid Proof Linings Market by Type
10.5.6.3.3 Rest of South and Central America Corrosion Protective Coatings And Acid Proof Linings 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 PROTECTIVE COATINGS AND ACID PROOF LININGS MARKET, KEY COMPANY PROFILES
12.1. ASHLAND INC.
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. AXALTA COATINGS LTD.
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 COATINGS GMBH
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. HEMPEL A/S
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. INTERNATIONAL PAINT LIMITED
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. JOTUN A/S
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. PPG INDUSTRIES INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. THE SHERWIN WILLIAMS 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. OTHERS
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Ashland Inc.
2. Axalta Coatings Ltd.
3. BASF Coatings GmbH
4. Hempel A/S
5. International Paint Limited
6. Jotun A/S
7. PPG Industries Inc.
8. The Sherwin Williams Company
9. Others
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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