The Ink Resins Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on resin type (modified resins, polyurethane resins, maleic resins, alkyd resins, and others). The report is segmented by technology (water-based, solvent-based, and others). The report is segmented by application (printing and publication, flexible packaging, corrugated cardboards and cartons, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Ink Resins Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Ink Resins Market Segmentation
Resin Type- Modified Resins
- Polyurethane Resins
- Maleic Resins
- Alkyd Resins
- Water-based
- Solvent-based
- Printing and Publication
- Flexible Packaging
- Corrugated Cardboards and Cartons
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Ink Resins Market Growth Drivers- Expansion in the Packaging Industry: The growth in the packaging industry is significantly boosting the ink resins market since high-quality packaging materials continue to be in more demand. To achieve this, brands have to develop attractive and functional packing. Advanced ink formulations are thus necessary for this. Ink resins help in improving print quality and durability.
- Growing Demand for Sustainable Packaging Solutions: This effect is also felt in the ink resins market due to the growing demand for sustainable packaging solutions. Customer's demand for conformity with environmental standards has made manufacturers promote their eco-friendly resins. This lends further wings to bio-based and low-VOC resins, meaning still more types of sustainable options are available in the market.
- Advancements in Technologies: Technological advancement in printing methods itself is driving demand for new innovative ink resins. New printing techniques require special resins that achieve improved adhesion, flexibility, and performance on a variety of substrates. The growth in demand for high-performance ink resins will be strongly driven by increasing adoption of digital and flexible printing technologies in packaging applications.
- Favorable Sustainable Initiatives: An increasingly important trend in the market for ink resins is sustainability initiatives, as consumers and businesses are becoming increasingly environmentally aware. Sustainability will increasingly dominate strategies for industries looking to minimize their ecological footprint, and demand for greener ink resins, including bio-based and low-VOC types, will build toward sustainability objectives.
- Favorable Government Policies and Initiatives: Regulatory pressures make a manufacturer look for sustainable ink solutions in addition. Governments around the world are setting stricter regulations pertaining to chemical emissions and hazardous substances. Companies are increasingly investing in innovative formulations when they see the immediate impact of this move, not only in staying in line with regulation but also in improving market appeal based on environmentally conscious practices.
- Circular Economy: Another driving factor that is gaining momentum for principles in circular economies is also affecting the ink resins market. Brands are finding methods to encourage the use of recycled materials in their end products or ensure that their end products can be recycled or biodegradable. Adding emphasis to resource efficiency further promotes the development of sustainable packaging solutions with ink resins, thus further fueling growth in the market.
- Integration of Smart Ink Technologies: Market growth opportunities are likely to come from the smart ink technologies. Huge growth can be expected from a market that provides growing demand for such innovative inks featuring color change, temperature sensitivity, or interactivity capabilities. Manufacturers seek ink resins to enable those technologies and add new functionalities to products or create consumer engagement.
- Advancements in Digital Printing: More importantly, the advancement of digital printing techniques is also revolutionizing the ink resins industry. Modern businesses are adopting digital technologies for packaging and labeling, resulting in increased demand for high-performance resins that can ensure optimal adhesion, durability, and vibrancy. Advanced formulations to meet such performance standards, therefore, present a challenge for innovative resin development.
- Adoption of Eco-Friendly Ink Resins: Besides, smart ink technologies are in good alignment with sustainability objectives. Most of these inks are developed to be friendly to the environment. Some have either bio-based or low VOC resin. In this regard, this commitment to sustainability ensures that it attracts consumers who are concerned with the environmental footprint of the printed item and keeps any firm within a legal boundary that matches regulatory standards, thereby pushing the demand for innovative solutions in ink resin.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ink Resins Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Ink Resins Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on resin type, the polyurethane resins segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the ink resins market due to the countries such as China and India have seen significant industrial growth, leading to increased demand for printing inks in packaging, publishing, and advertising.
The growth of the packaging industry are driving the market growth.
Arakawa Chemical Industries, Ltd; BASF SE; Dow; DSM; Evonik Industries; Hydrite Chemical; IGM Resins, Inc.; Indulor Chemie Gmbh; Kraton Corporation; and Lawter are some of the key players operating in the ink resins market
The Ink Resins Market is estimated to witness a CAGR of 4% from 2023 to 2031
The adoption bio-based resins is expected to be the key market trends.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Ink Resins Market - By Type
1.3.2Ink Resins Market - By Process
1.3.3Ink Resins Market - By Technology
1.3.4Ink Resins Market - By Application
1.3.5Ink Resins Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.INK RESINS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.INK RESINS 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.INK RESINS MARKET - GLOBAL MARKET ANALYSIS
6.1.INK RESINS - GLOBAL MARKET OVERVIEW
6.2.INK RESINS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.INK RESINS MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.MODIFIED RESIN
7.3.1.Overview
7.3.2.Modified Resin Market Forecast and Analysis
7.4.HYDROCARBON RESINS
7.4.1.Overview
7.4.2.Hydrocarbon Resins Market Forecast and Analysis
7.5.MODIFIED CELLULOSE
7.5.1.Overview
7.5.2.Modified Cellulose Market Forecast and Analysis
7.6.ACRYLIC
7.6.1.Overview
7.6.2.Acrylic Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.INK RESINS MARKET - REVENUE AND FORECASTS TO 2028 " PROCESS
8.1.OVERVIEW
8.2.PROCESS MARKET FORECASTS AND ANALYSIS
8.3.LITHOGRAPHY
8.3.1.Overview
8.3.2.Lithography Market Forecast and Analysis
8.4.GRAVURE
8.4.1.Overview
8.4.2.Gravure Market Forecast and Analysis
8.5.FLEXOGRAPHY
8.5.1.Overview
8.5.2.Flexography Market Forecast and Analysis
8.6.OTHER
8.6.1.Overview
8.6.2.Other Market Forecast and Analysis
9.INK RESINS MARKET - REVENUE AND FORECASTS TO 2028 " TECHNOLOGY
9.1.OVERVIEW
9.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3.OIL-BASED INKS
9.3.1.Overview
9.3.2.Oil-Based Inks Market Forecast and Analysis
9.4.WATER-BASED INKS
9.4.1.Overview
9.4.2.Water-Based Inks Market Forecast and Analysis
9.5.SOLVENT-BASED INKS
9.5.1.Overview
9.5.2.Solvent-Based Inks Market Forecast and Analysis
9.6.UV-CURED INKS
9.6.1.Overview
9.6.2.UV-Cured Inks Market Forecast and Analysis
10.INK RESINS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.PRINTING AND PUBLICATION
10.3.1.Overview
10.3.2.Printing and Publication Market Forecast and Analysis
10.4.CORRUGATED CARDBOARD AND CARTONS
10.4.1.Overview
10.4.2.Corrugated Cardboard and Cartons Market Forecast and Analysis
10.5.FLEXIBLE PACKAGING
10.5.1.Overview
10.5.2.Flexible Packaging Market Forecast and Analysis
10.6.OTHERS
10.6.1.Overview
10.6.2.Others Market Forecast and Analysis
11.INK RESINS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Ink Resins Market Overview
11.1.2North America Ink Resins Market Forecasts and Analysis
11.1.3North America Ink Resins Market Forecasts and Analysis - By Type
11.1.4North America Ink Resins Market Forecasts and Analysis - By Process
11.1.5North America Ink Resins Market Forecasts and Analysis - By Technology
11.1.6North America Ink Resins Market Forecasts and Analysis - By Application
11.1.7North America Ink Resins Market Forecasts and Analysis - By Countries
11.1.7.1United States Ink Resins Market
11.1.7.1.1United States Ink Resins Market by Type
11.1.7.1.2United States Ink Resins Market by Process
11.1.7.1.3United States Ink Resins Market by Technology
11.1.7.1.4United States Ink Resins Market by Application
11.1.7.2Canada Ink Resins Market
11.1.7.2.1Canada Ink Resins Market by Type
11.1.7.2.2Canada Ink Resins Market by Process
11.1.7.2.3Canada Ink Resins Market by Technology
11.1.7.2.4Canada Ink Resins Market by Application
11.1.7.3Mexico Ink Resins Market
11.1.7.3.1Mexico Ink Resins Market by Type
11.1.7.3.2Mexico Ink Resins Market by Process
11.1.7.3.3Mexico Ink Resins Market by Technology
11.1.7.3.4Mexico Ink Resins Market by Application
11.2.EUROPE
11.2.1Europe Ink Resins Market Overview
11.2.2Europe Ink Resins Market Forecasts and Analysis
11.2.3Europe Ink Resins Market Forecasts and Analysis - By Type
11.2.4Europe Ink Resins Market Forecasts and Analysis - By Process
11.2.5Europe Ink Resins Market Forecasts and Analysis - By Technology
11.2.6Europe Ink Resins Market Forecasts and Analysis - By Application
11.2.7Europe Ink Resins Market Forecasts and Analysis - By Countries
11.2.7.1Germany Ink Resins Market
11.2.7.1.1Germany Ink Resins Market by Type
11.2.7.1.2Germany Ink Resins Market by Process
11.2.7.1.3Germany Ink Resins Market by Technology
11.2.7.1.4Germany Ink Resins Market by Application
11.2.7.2France Ink Resins Market
11.2.7.2.1France Ink Resins Market by Type
11.2.7.2.2France Ink Resins Market by Process
11.2.7.2.3France Ink Resins Market by Technology
11.2.7.2.4France Ink Resins Market by Application
11.2.7.3Italy Ink Resins Market
11.2.7.3.1Italy Ink Resins Market by Type
11.2.7.3.2Italy Ink Resins Market by Process
11.2.7.3.3Italy Ink Resins Market by Technology
11.2.7.3.4Italy Ink Resins Market by Application
11.2.7.4United Kingdom Ink Resins Market
11.2.7.4.1United Kingdom Ink Resins Market by Type
11.2.7.4.2United Kingdom Ink Resins Market by Process
11.2.7.4.3United Kingdom Ink Resins Market by Technology
11.2.7.4.4United Kingdom Ink Resins Market by Application
11.2.7.5Russia Ink Resins Market
11.2.7.5.1Russia Ink Resins Market by Type
11.2.7.5.2Russia Ink Resins Market by Process
11.2.7.5.3Russia Ink Resins Market by Technology
11.2.7.5.4Russia Ink Resins Market by Application
11.2.7.6Rest of Europe Ink Resins Market
11.2.7.6.1Rest of Europe Ink Resins Market by Type
11.2.7.6.2Rest of Europe Ink Resins Market by Process
11.2.7.6.3Rest of Europe Ink Resins Market by Technology
11.2.7.6.4Rest of Europe Ink Resins Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Ink Resins Market Overview
11.3.2Asia-Pacific Ink Resins Market Forecasts and Analysis
11.3.3Asia-Pacific Ink Resins Market Forecasts and Analysis - By Type
11.3.4Asia-Pacific Ink Resins Market Forecasts and Analysis - By Process
11.3.5Asia-Pacific Ink Resins Market Forecasts and Analysis - By Technology
11.3.6Asia-Pacific Ink Resins Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Ink Resins Market Forecasts and Analysis - By Countries
11.3.7.1Australia Ink Resins Market
11.3.7.1.1Australia Ink Resins Market by Type
11.3.7.1.2Australia Ink Resins Market by Process
11.3.7.1.3Australia Ink Resins Market by Technology
11.3.7.1.4Australia Ink Resins Market by Application
11.3.7.2China Ink Resins Market
11.3.7.2.1China Ink Resins Market by Type
11.3.7.2.2China Ink Resins Market by Process
11.3.7.2.3China Ink Resins Market by Technology
11.3.7.2.4China Ink Resins Market by Application
11.3.7.3India Ink Resins Market
11.3.7.3.1India Ink Resins Market by Type
11.3.7.3.2India Ink Resins Market by Process
11.3.7.3.3India Ink Resins Market by Technology
11.3.7.3.4India Ink Resins Market by Application
11.3.7.4Japan Ink Resins Market
11.3.7.4.1Japan Ink Resins Market by Type
11.3.7.4.2Japan Ink Resins Market by Process
11.3.7.4.3Japan Ink Resins Market by Technology
11.3.7.4.4Japan Ink Resins Market by Application
11.3.7.5South Korea Ink Resins Market
11.3.7.5.1South Korea Ink Resins Market by Type
11.3.7.5.2South Korea Ink Resins Market by Process
11.3.7.5.3South Korea Ink Resins Market by Technology
11.3.7.5.4South Korea Ink Resins Market by Application
11.3.7.6Rest of Asia-Pacific Ink Resins Market
11.3.7.6.1Rest of Asia-Pacific Ink Resins Market by Type
11.3.7.6.2Rest of Asia-Pacific Ink Resins Market by Process
11.3.7.6.3Rest of Asia-Pacific Ink Resins Market by Technology
11.3.7.6.4Rest of Asia-Pacific Ink Resins Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Ink Resins Market Overview
11.4.2Middle East and Africa Ink Resins Market Forecasts and Analysis
11.4.3Middle East and Africa Ink Resins Market Forecasts and Analysis - By Type
11.4.4Middle East and Africa Ink Resins Market Forecasts and Analysis - By Process
11.4.5Middle East and Africa Ink Resins Market Forecasts and Analysis - By Technology
11.4.6Middle East and Africa Ink Resins Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Ink Resins Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Ink Resins Market
11.4.7.1.1South Africa Ink Resins Market by Type
11.4.7.1.2South Africa Ink Resins Market by Process
11.4.7.1.3South Africa Ink Resins Market by Technology
11.4.7.1.4South Africa Ink Resins Market by Application
11.4.7.2Saudi Arabia Ink Resins Market
11.4.7.2.1Saudi Arabia Ink Resins Market by Type
11.4.7.2.2Saudi Arabia Ink Resins Market by Process
11.4.7.2.3Saudi Arabia Ink Resins Market by Technology
11.4.7.2.4Saudi Arabia Ink Resins Market by Application
11.4.7.3U.A.E Ink Resins Market
11.4.7.3.1U.A.E Ink Resins Market by Type
11.4.7.3.2U.A.E Ink Resins Market by Process
11.4.7.3.3U.A.E Ink Resins Market by Technology
11.4.7.3.4U.A.E Ink Resins Market by Application
11.4.7.4Rest of Middle East and Africa Ink Resins Market
11.4.7.4.1Rest of Middle East and Africa Ink Resins Market by Type
11.4.7.4.2Rest of Middle East and Africa Ink Resins Market by Process
11.4.7.4.3Rest of Middle East and Africa Ink Resins Market by Technology
11.4.7.4.4Rest of Middle East and Africa Ink Resins Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Ink Resins Market Overview
11.5.2South and Central America Ink Resins Market Forecasts and Analysis
11.5.3South and Central America Ink Resins Market Forecasts and Analysis - By Type
11.5.4South and Central America Ink Resins Market Forecasts and Analysis - By Process
11.5.5South and Central America Ink Resins Market Forecasts and Analysis - By Technology
11.5.6South and Central America Ink Resins Market Forecasts and Analysis - By Application
11.5.7South and Central America Ink Resins Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Ink Resins Market
11.5.7.1.1Brazil Ink Resins Market by Type
11.5.7.1.2Brazil Ink Resins Market by Process
11.5.7.1.3Brazil Ink Resins Market by Technology
11.5.7.1.4Brazil Ink Resins Market by Application
11.5.7.2Argentina Ink Resins Market
11.5.7.2.1Argentina Ink Resins Market by Type
11.5.7.2.2Argentina Ink Resins Market by Process
11.5.7.2.3Argentina Ink Resins Market by Technology
11.5.7.2.4Argentina Ink Resins Market by Application
11.5.7.3Rest of South and Central America Ink Resins Market
11.5.7.3.1Rest of South and Central America Ink Resins Market by Type
11.5.7.3.2Rest of South and Central America Ink Resins Market by Process
11.5.7.3.3Rest of South and Central America Ink Resins Market by Technology
11.5.7.3.4Rest of South and Central America Ink Resins Market by Application
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.INK RESINS MARKET, KEY COMPANY PROFILES
13.1.ARAKAWA CHEMICAL INDUSTRIES, LTD
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.BASF SE
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.DOW
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.DSM
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.EVONIK INDUSTRIES
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.HYDRITE CHEMICAL
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.IGM RESINS, INC.
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.INDULOR CHEMIE GMBH
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.KRATON CORPORATION
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.LAWTER
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. Arakawa Chemical Industries, Ltd
2. BASF SE
3. Dow
4. DSM
5. Evonik Industries
6. Hydrite Chemical
7. IGM Resins, Inc.
8. Indulor Chemie Gmbh
9. Kraton Corporation
10. Lawter
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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