Europe ETICS System Materials Market Trends and Analysis by 2031
Europe ETICS System Materials Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material Type [Thermal Insulation Materials (EPS White, EPS Graphite, Extruded Polystyrene, Mineral Wool), Adhesives, Reinforcement Mesh, and Coatings] and Application (Residential, Commercial, Industrial, and Infrastructure)
- Status : Published
- Report Code : TIPRE00039402
- Category : Chemicals and Materials
- No. of Pages : 122
- Available Report Formats :
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.
Frequently Asked Questions
Based on material type, the thermal insulation material segment dominated the market in 2023.
The surge in construction activities and the focus on using sustainable construction products and materials are a few major factors positively impacting the Europe ETICS system materials market.
The development of sustainable ETICS system materials is expected to emerge as a significant future trend in the Europe ETICS system materials market.
ISOMAT SA, Sika AG, Thrakon SA, Nordia AE (MARMOLINE), Compagnie de Saint Gobain SA, and Henkel AG and Co KGaA are among the leading players operating in the Europe ETICS system materials market.
The Europe ETICS system materials market is estimated to reach US$ 12.24 billion by 2031.
The market is expected to register a CAGR of 5.9% during 2023–2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Europe ETICS System Materials Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of Substitutes
4.3.4 Threat of New Entrants
4.3.5 Intensity of Competitive Rivalry
5. Europe ETICS System Materials Market – Key Market Dynamics
5.1 Europe ETICS System Materials Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Surge in Construction Activities in Europe
5.2.2 Focus on Using Sustainable Construction Products and Materials
5.3 Market Restraints
5.3.1 High Initial Investment Costs
5.4 Market Opportunities
5.4.1 Increasing Renovation Activities
5.5 Future Trends
5.5.1 Development of Sustainable ETICS Systems
5.6 Impact Analysis
6. Europe ETICS System Materials Market Analysis
6.1 Europe ETICS System Materials Market Volume (Kilo Tons), 2021–2031
6.2 Europe ETICS System Materials Market Volume, Forecast and Analysis (Kilo Tons)
6.3 Europe ETICS System Materials Market Revenue (US$ Million), 2023–2031
6.4 Europe ETICS System Materials Market Revenue, Forecast and Analysis (US$ Million)
7. Europe ETICS System Materials Market Volume and Revenue Analysis – by Material Type
7.1 Thermal Insulation Material
7.1.1 Overview
7.1.2 Thermal Insulation Material: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Thermal Insulation Material: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.4 EPS White
7.1.4.1 Overview
7.1.4.2 EPS White: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.4.3 EPS White: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.5 EPS Graphite
7.1.5.1 Overview
7.1.5.2 EPS Graphite: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.5.3 EPS Graphite: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.6 Extruded Polystyrene (XPS)
7.1.6.1 Overview
7.1.6.2 Extruded Polystyrene (XPS): Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.6.3 Extruded Polystyrene (XPS): Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.7 Mineral Wool
7.1.7.1 Overview
7.1.7.2 Mineral Wool: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.7.3 Mineral Wool: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Adhesives
7.2.1 Overview
7.2.2 Adhesives: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Adhesives: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Reinforcement Mesh
7.3.1 Overview
7.3.2 Reinforcement Mesh: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Reinforcement Mesh: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Coatings
7.4.1 Overview
7.4.2 Coatings: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
7.4.3 Coatings: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe ETICS System Materials Market Volume and Revenue Analysis – by Application
8.1 Residential
8.1.1 Overview
8.1.2 Residential: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
8.1.3 Residential: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Commercial
8.2.1 Overview
8.2.2 Commercial: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
8.2.3 Commercial: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Industrial
8.3.1 Overview
8.3.2 Industrial: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
8.3.3 Industrial: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Infrastructure
8.4.1 Overview
8.4.2 Infrastructure: Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
8.4.3 Infrastructure: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe ETICS System Materials Market – Country Analysis
9.1 Europe
9.1.1 Europe ETICS System Materials Market Breakdown by Countries
9.1.2 Europe ETICS System Materials Market Revenue and Forecast and Analysis – by Country
9.1.2.1 Europe ETICS System Materials Market Volume and Forecast and Analysis – by Country
9.1.2.2 Europe ETICS System Materials Market Revenue and Forecast and Analysis –by Country
9.1.2.3 Greece: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.3.1 Greece: Europe ETICS System Materials Market Breakdown by Material Type
9.1.2.3.2 Greece: Europe ETICS System Materials Market Breakdown by Application
9.1.2.4 Bulgaria: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.4.1 Bulgaria: Europe ETICS System Materials Market Breakdown by Material Type
9.1.2.4.2 Bulgaria: Europe ETICS System Materials Market Breakdown by Application
9.1.2.5 Serbia: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.5.1 Serbia: Europe ETICS System Materials Market Breakdown by Material Type
9.1.2.5.2 Serbia: Europe ETICS System Materials Market Breakdown by Application
9.1.2.6 Cyprus: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.6.1 Cyprus: Europe ETICS System Materials Market Breakdown by Material Type
9.1.2.6.2 Cyprus: Europe ETICS System Materials Market Breakdown by Application
9.1.2.7 Romania: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.7.1 Romania: Europe ETICS System Materials Market Breakdown by Material Type
9.1.2.7.2 Romania: Europe ETICS System Materials Market Breakdown by Application
9.1.2.8 Rest of Europe: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.8.1 Rest of Europe: Europe ETICS System Materials Market Breakdown by Material Type
9.1.2.8.2 Rest of Europe: Europe ETICS System Materials Market Breakdown by Application
10. Heat Map Analysis by Key Players
10.1 Company Positioning & Concentration
11. Europe ETICS System Materials Industry Landscape
11.1 Overview
11.2 Mergers and Acquisitions
11.3 Product Launch
11.4 Other Strategic Developments
12. Company Profiles
12.1 ISOMAT SA
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 FIBRAN SA
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 Sika AG
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 Thrakon SA
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 Chromodomi Paints Factory Savvas Chaliampalias & Co
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 Nordia AE (MARMOLINE)
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 VIMATEC N VIDALIS SA
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 Ravago Hellas SMSA
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 Compagnie de Saint Gobain SA
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 Henkel AG & Co KGaA
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
List of Tables
Table 1. Europe ETICS System Materials Market Segmentation
Table 2. List of Vendors
Table 3. Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 6. Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 7. Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 8. Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 9. Europe ETICS System Materials Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 10. Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 11. Greece: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 12. Greece: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 13. Greece: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Million Square Meters) – by Material Type
Table 14. Greece: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 15. Greece: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 16. Bulgaria: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 17. Bulgaria: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 18. Bulgaria: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Million Square Meters) – by Material Type
Table 19. Bulgaria: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 20. Bulgaria: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 21. Serbia: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 22. Serbia: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 23. Serbia: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Million Square Meters) – by Material Type
Table 24. Serbia: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 25. Serbia: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 26. Cyprus: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 27. Cyprus: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 28. Cyprus: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Million Square Meters) – by Material Type
Table 29. Cyprus: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 30. Cyprus: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 31. Romania: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 32. Romania: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 33. Romania: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Million Square Meters) – by Material Type
Table 34. Romania: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 35. Romania: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 36. Rest of Europe: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Material Type
Table 37. Rest of Europe: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 38. Rest of Europe: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Million Square Meters) – by Material Type
Table 39. Rest of Europe: Europe ETICS System Materials Market –Volume and Forecast to 2031 (Kilo Tons) – by Application
Table 40. Rest of Europe: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million) – by Application
List of Figures
Figure 1. Europe ETICS System Materials Market Segmentation, by Geography
Figure 2. Ecosystem: Europe ETICS System Materials Market
Figure 3. Europe ETICS System Materials Market – Porter's Five Forces Analysis
Figure 4. Private New Housing Construction Output from January 2024 to May 2024 in UK
Figure 5. Europe ETICS System Materials Market Impact Analysis of Drivers and Restraints
Figure 6. Europe ETICS System Materials Market Volume (Kilo Tons), 2021–2031
Figure 7. Europe ETICS System Materials Market Revenue (US$ Million), 2023–2031
Figure 8. Europe ETICS System Materials Market Share (%) – Material Type, 2023 and 2031
Figure 9. Thermal Insulation Material: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 10. Thermal Insulation Material: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 11. EPS White: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 12. EPS White: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 13. EPS Graphite: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 14. EPS Graphite: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 15. Extruded Polystyrene (XPS): Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 16. Extruded Polystyrene (XPS): Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 17. Mineral Wool: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 18. Mineral Wool: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 19. Adhesives: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 20. Adhesives: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 21. Reinforcement Mesh: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 22. Reinforcement Mesh: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 23. Coatings: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 24. Coatings: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 25. Europe ETICS System Materials Market Share (%) – Application, 2023 and 2031
Figure 26. Residential: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 27. Residential: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 28. Commercial: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 29. Commercial: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 30. Industrial: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 31. Industrial: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 32. Infrastructure: Europe ETICS System Materials Market – Volume and Forecast to 2031(Kilo Tons)
Figure 33. Infrastructure: Europe ETICS System Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 34. Europe ETICS System Materials Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 35. Greece: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Figure 36. Bulgaria: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Figure 37. Serbia: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Figure 38. Cyprus: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Figure 39. Romania: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Figure 40. Rest of Europe: Europe ETICS System Materials Market – Revenue and Forecast to 2031 (US$ Million)
Figure 41. Heat Map Analysis by Key Players
Figure 42. Company Positioning & Concentration
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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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