Anti-Fouling Paints and Coatings Market Analysis, Trends | 2031

Coverage: Anti-Fouling Paints and Coatings Market covers analysis By Type (Copper-Based, Self-Polishing Copolymer, Hybrid, and Others), Application (Shipping Vessels, Drilling Rigs and Production Platforms, Boats, Yachts, Mooring Lines, and Others)

  • Report Code : TIPRE00003669
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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Analyst Perspective 

The global anti-fouling paints and coatings market is estimated to register a CAGR OF ~8%. The marine and ship-building industries worldwide are experiencing significant growth, positively impacting the market. This is fueled by increased investments in enhancing vessel durability, corrosion prevention, and anti-fouling paints. The rising demand for advanced options like low-friction, metal-free, and silicone-based coatings, increased ownership of leisure boasts, and the oil and gas industry's need for FPSO vessels are additional factors propelling market growth. Emerging technologies and biofouling are significant opportunities for the anti-fouling paints and coatings market growth.  Environmental concerns, durability and efficacy, and cost competitiveness are significant challenges that may hamper the market growth.

Market Overview

Anti-fouling paints and coatings are specialized types of coating used on the undersides of ships and marine vessels to protect the submerged metal surfaces from deterioration. They enhance the durability and performance of vessels and are also beneficial for offshore oil rigs. The market for these coatings is anticipated to grow due to increased demand from the marine industry. The anti-fouling paints and coatings market is also driven by the increasing use of offshore oil and gas platforms, the growing popularity of recreational boating, and the need to protect marine infrastructure from biofouling. Several new technologies are being developed that could revolutionize the anti-fouling paints and coatings market, including self-polishing paints, foul-release coatings, and nontoxic biocides.

Market Drivers

  • The global shipping industry is expected to grow steadily in the forecasted period, driven by increasing international trade and globalization, which will lead to an increased demand for anti-fouling paints and coatings to protect ships from biofouling,
  • Fuel is one of the latest operating costs for shipping companies. Anti-fouling paints and coatings can help reduce fuel consumption by reducing drag on a ship's hull. This is a significant incentive for shipping companies to invest in anti-fouling technologies.

Market Segmentation

The anti-fouling paints and coatings market is segmented based on type and application. The market is segmented based on type into copper-based, self-polishing copolymer, hybrid, and others. The anti-fouling paints and coatings market is segmented based on application into shipping vessels, drilling rigs and production platforms, boats, yachts, and mooring lines.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global anti-fouling paints and coatings market based on several segments. It also provides market size and forecast estimates from 2020 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The market by region is also sub-segmented by respective countries and segments. The anti-fouling paints and coatings market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the anti-fouling paints and coatings market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' anti-fouling paints and coatings market.

World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global anti-fouling paints and coatings market based on several segments. It also provides market size and forecast estimates from 2020 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The market by region is also sub-segmented by respective countries and segments. The anti-fouling paints and coatings market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the anti-fouling paints and coatings market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' anti-fouling paints and coatings market.

MARKET PLAYERS

The reports cover vital organic and inorganic growth strategy developments in anti-fouling paints and coatings. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the anti-fouling paints and coatings market are anticipated to have lucrative growth opportunities with the increasing demand for anti-fouling paints and coatings from the oil and gas industry in the global market.

The report includes key companies' profiles, SWOT analysis, and anti-fouling paints and coatings market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the anti-fouling paints and coatings market.

  • Akzo Nobel N.V
  • Archer Daniels Midland Company
  • Sherwin Williams Company
  • BASF SE
  • Jotun
  • Boero Bartolomeo S.p.A.
  • PPG industries
  • Chugoku Marine Paints, Ltd.
  • Kansai paints
  • HEMPEL A/S
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Anti-Fouling Paints And Coatings Market - By Type
1.3.2 Anti-Fouling Paints And Coatings Market - By Application
1.3.3 Anti-Fouling Paints And Coatings Market - By Region
1.3.3.1 By Country

2. KEY TAKEWAYS

3. RESEARCH METHODOLOGY

4. ANTI-FOULING PAINTS AND COATINGS 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. ANTI-FOULING PAINTS AND COATINGS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. ANTI-FOULING PAINTS AND COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. ANTI-FOULING PAINTS AND COATINGS - GLOBAL MARKET OVERVIEW
6.2. ANTI-FOULING PAINTS AND COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ANTI-FOULING PAINTS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COPPER-BASED
7.3.1. Overview
7.3.2. Copper-based Market Forecast and Analysis
7.4. SELF-POLISHING COPOLYMER
7.4.1. Overview
7.4.2. Self-polishing Copolymer Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis

8. ANTI-FOULING PAINTS AND COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SHIPPING VESSELS
8.3.1. Overview
8.3.2. Shipping Vessels Market Forecast and Analysis
8.4. DRILLING RIGS AND PRODUCTION PLATFORMS
8.4.1. Overview
8.4.2. Drilling Rigs and Production Platforms Market Forecast and Analysis
8.5. BOATS
8.5.1. Overview
8.5.2. Boats Market Forecast and Analysis
8.6. YACHTS
8.6.1. Overview
8.6.2. Yachts Market Forecast and Analysis
8.7. INLAND WATERWAYS TRANSPORT
8.7.1. Overview
8.7.2. Inland Waterways Transport Market Forecast and Analysis
8.8. MOORING LINES
8.8.1. Overview
8.8.2. Mooring Lines Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis

9. ANTI-FOULING PAINTS AND COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Anti-Fouling Paints And Coatings Market Overview
9.1.2 North America Anti-Fouling Paints And Coatings Market Forecasts and Analysis
9.1.3 North America Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Type
9.1.4 North America Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Application
9.1.5 North America Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Anti-Fouling Paints And Coatings Market
9.1.5.1.1 United States Anti-Fouling Paints And Coatings Market by Type
9.1.5.1.2 United States Anti-Fouling Paints And Coatings Market by Application
9.1.5.2 Canada Anti-Fouling Paints And Coatings Market
9.1.5.2.1 Canada Anti-Fouling Paints And Coatings Market by Type
9.1.5.2.2 Canada Anti-Fouling Paints And Coatings Market by Application
9.1.5.3 Mexico Anti-Fouling Paints And Coatings Market
9.1.5.3.1 Mexico Anti-Fouling Paints And Coatings Market by Type
9.1.5.3.2 Mexico Anti-Fouling Paints And Coatings Market by Application
9.2. EUROPE
9.2.1 Europe Anti-Fouling Paints And Coatings Market Overview
9.2.2 Europe Anti-Fouling Paints And Coatings Market Forecasts and Analysis
9.2.3 Europe Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Type
9.2.4 Europe Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Application
9.2.5 Europe Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Anti-Fouling Paints And Coatings Market
9.2.5.1.1 Germany Anti-Fouling Paints And Coatings Market by Type
9.2.5.1.2 Germany Anti-Fouling Paints And Coatings Market by Application
9.2.5.2 France Anti-Fouling Paints And Coatings Market
9.2.5.2.1 France Anti-Fouling Paints And Coatings Market by Type
9.2.5.2.2 France Anti-Fouling Paints And Coatings Market by Application
9.2.5.3 Italy Anti-Fouling Paints And Coatings Market
9.2.5.3.1 Italy Anti-Fouling Paints And Coatings Market by Type
9.2.5.3.2 Italy Anti-Fouling Paints And Coatings Market by Application
9.2.5.4 United Kingdom Anti-Fouling Paints And Coatings Market
9.2.5.4.1 United Kingdom Anti-Fouling Paints And Coatings Market by Type
9.2.5.4.2 United Kingdom Anti-Fouling Paints And Coatings Market by Application
9.2.5.5 Russia Anti-Fouling Paints And Coatings Market
9.2.5.5.1 Russia Anti-Fouling Paints And Coatings Market by Type
9.2.5.5.2 Russia Anti-Fouling Paints And Coatings Market by Application
9.2.5.6 Rest of Europe Anti-Fouling Paints And Coatings Market
9.2.5.6.1 Rest of Europe Anti-Fouling Paints And Coatings Market by Type
9.2.5.6.2 Rest of Europe Anti-Fouling Paints And Coatings Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Anti-Fouling Paints And Coatings Market Overview
9.3.2 Asia-Pacific Anti-Fouling Paints And Coatings Market Forecasts and Analysis
9.3.3 Asia-Pacific Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Anti-Fouling Paints And Coatings Market
9.3.5.1.1 Australia Anti-Fouling Paints And Coatings Market by Type
9.3.5.1.2 Australia Anti-Fouling Paints And Coatings Market by Application
9.3.5.2 China Anti-Fouling Paints And Coatings Market
9.3.5.2.1 China Anti-Fouling Paints And Coatings Market by Type
9.3.5.2.2 China Anti-Fouling Paints And Coatings Market by Application
9.3.5.3 India Anti-Fouling Paints And Coatings Market
9.3.5.3.1 India Anti-Fouling Paints And Coatings Market by Type
9.3.5.3.2 India Anti-Fouling Paints And Coatings Market by Application
9.3.5.4 Japan Anti-Fouling Paints And Coatings Market
9.3.5.4.1 Japan Anti-Fouling Paints And Coatings Market by Type
9.3.5.4.2 Japan Anti-Fouling Paints And Coatings Market by Application
9.3.5.5 South Korea Anti-Fouling Paints And Coatings Market
9.3.5.5.1 South Korea Anti-Fouling Paints And Coatings Market by Type
9.3.5.5.2 South Korea Anti-Fouling Paints And Coatings Market by Application
9.3.5.6 Rest of Asia-Pacific Anti-Fouling Paints And Coatings Market
9.3.5.6.1 Rest of Asia-Pacific Anti-Fouling Paints And Coatings Market by Type
9.3.5.6.2 Rest of Asia-Pacific Anti-Fouling Paints And Coatings Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Anti-Fouling Paints And Coatings Market Overview
9.4.2 Middle East and Africa Anti-Fouling Paints And Coatings Market Forecasts and Analysis
9.4.3 Middle East and Africa Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Anti-Fouling Paints And Coatings Market
9.4.5.1.1 South Africa Anti-Fouling Paints And Coatings Market by Type
9.4.5.1.2 South Africa Anti-Fouling Paints And Coatings Market by Application
9.4.5.2 Saudi Arabia Anti-Fouling Paints And Coatings Market
9.4.5.2.1 Saudi Arabia Anti-Fouling Paints And Coatings Market by Type
9.4.5.2.2 Saudi Arabia Anti-Fouling Paints And Coatings Market by Application
9.4.5.3 U.A.E Anti-Fouling Paints And Coatings Market
9.4.5.3.1 U.A.E Anti-Fouling Paints And Coatings Market by Type
9.4.5.3.2 U.A.E Anti-Fouling Paints And Coatings Market by Application
9.4.5.4 Rest of Middle East and Africa Anti-Fouling Paints And Coatings Market
9.4.5.4.1 Rest of Middle East and Africa Anti-Fouling Paints And Coatings Market by Type
9.4.5.4.2 Rest of Middle East and Africa Anti-Fouling Paints And Coatings Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Anti-Fouling Paints And Coatings Market Overview
9.5.2 South and Central America Anti-Fouling Paints And Coatings Market Forecasts and Analysis
9.5.3 South and Central America Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Type
9.5.4 South and Central America Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Application
9.5.5 South and Central America Anti-Fouling Paints And Coatings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Anti-Fouling Paints And Coatings Market
9.5.5.1.1 Brazil Anti-Fouling Paints And Coatings Market by Type
9.5.5.1.2 Brazil Anti-Fouling Paints And Coatings Market by Application
9.5.5.2 Argentina Anti-Fouling Paints And Coatings Market
9.5.5.2.1 Argentina Anti-Fouling Paints And Coatings Market by Type
9.5.5.2.2 Argentina Anti-Fouling Paints And Coatings Market by Application
9.5.5.3 Rest of South and Central America Anti-Fouling Paints And Coatings Market
9.5.5.3.1 Rest of South and Central America Anti-Fouling Paints And Coatings Market by Type
9.5.5.3.2 Rest of South and Central America Anti-Fouling Paints And Coatings Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. ANTI-FOULING PAINTS AND COATINGS MARKET, KEY COMPANY PROFILES
11.1. AKZO NOBEL N.V.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARCHER DANIELS MIDLAND COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BASF SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BOERO
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CHUGOKU MARINE PAINTS, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HEMPEL A/S
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JOTUN
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NIPPON PAINT HOLDINGS CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PPG INDUSTRIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE SHERWIN-WILLIAMS COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

1. Akzo Nobel N.V.
2. Archer Daniels Midland Company
3. BASF SE
4. Boero
5. Chugoku Marine Paints, Ltd.
6. HEMPEL A/S
7. Jotun
8. Nippon Paint Holdings Co., Ltd.
9. PPG Industries, Inc.
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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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