Global Gelcoat Market by Resin Type (Polyester, Vinyl Ester, Epoxy, Others), End User Industry, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

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Global gelcoat market is expected to reach USD 2010.27 Million by 2025, at a CAGR of 8.21% from 2018 to 2025. Growing demand from the end-user industries such as marine transportation and construction is driving the global gelcoat market.

Market Overview:

Gelcoat is a coating material that is used to provide a high-quality finish on the visible surface of fiber-reinforced composite materials. Gelcoat exhibit unique properties such as resistance to corrosion, UV rays, water absorption, and abrasion. Thus Gelcoat is widely used in the production of marine crafts. Therefore rising use of the fiber-reinforced composites in the manufacturing of the marine boats and wind turbine blades is anticipated to boost demand for the gelcoat.

Report Description:

  • The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global gelcoat market is analyzed by value (USD Million) and volume (Kilotons)
  • The study delivers a comprehensive analysis of the global gelcoat market by resin type, end-user industry, and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used to recognize the competitive scenario in the global gelcoat market. This report incorporates the industry analysis which is focused on providing an extensive view of the gelcoat market.
  • The study also includes attractiveness analysis of resin type, end-user industry, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the gelcoat market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Rising utilization of composites in the various industries
  • The growth of the transportation industry

Restraints:

  • The growing preference for a closed molding process
  • Susceptibility to cracks development

Opportunities:

  • Global emphasis on increasing wind energy production
  • Growing demand from the Asia Pacific region

Challenges:

  • Environmental regulations on the gelcoat manufacturing process

Global Gelcoat Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global gelcoat market has been segmented by resin type, end-user industry, and regions.

  • Resin type is segmented into polyester, vinyl ester epoxy, and others. Polyester segment emerged as the leading segment with a 44.81% share of market revenue in 2017. This impressive market share can be attributed to cost-effectiveness and easy availability of the polyester resin. Polyester resins based gelcoat demonstrate useful properties such as resistance to water and chemicals and low shrinkage, fast curing, and durability leading to their widespread use in the marine and construction applications. Epoxy resin type gelcoat segment is anticipated to grow at the highest CAGR of 10.65% over the forecast period owing to its superior bonding ability with different materials and moisture-resistance property.
  • The end-user industry is divided into marine, transportation, construction, wind energy, and others. Marine segment emerged as a dominating segment in global gelcoat market with a 37.53% share of market revenue in 2017. Gelcoat is widely used in the production of sailing vessels, powerboats, yachts that are made out of fiber reinforced plastics. Gelcoat is useful in providing a superior aesthetic appearance, good corrosion resistance, and smooth and vivid surface to these vessels. Wind energy segment is projected to attain the highest CAGR of 11.29% over the forecast period. Rising global emphasis on increasing wind energy production is fuelling this increase in growth.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region emerged as the largest market for the gelcoat with a 34.72% share of revenues in 2017 followed by North America.

  • Flourishing transportation in the construction industry and wind energy sector in India and China led the Asia Pacific region to dominate the global demand for the gelcoat in 2017.
  • Growing demand for the yachts and speed boats in the North America region and well-developed shipping industry is increasing the market for the gelcoats.   

 

Global Gelcoat Market Competitive Analysis:

Key players in the global gelcoat market are Ineos Enterprise, Bufa Composite Systems GmbH, HK Research Corporation, Allnex, Scott Bader Company, Poliya Composites Resins and Polymers, Interplastic Corporation, Alpha Owens Corning (AOC) Aliancys , Polynt-Reichhold Group, Turkuaz Polyester, Ashland Inc, Interplastic Corporation, Reichhold LLC, Synergys Technologies, Fibre Glass Development Corporation, Bang & Bonsomer Group Ab, Polynt Spa among others. To serve the ever-increasing demand from the marine industry, firms are increasingly launching newer, improved products. For instance, Ashland Inc in 2018, announced the launch of Maxguard EZM. Maxguard EZM exhibits a high level of ultraviolet (UV) and blisters resistance required by the world’s top boat builders to deliver an alluring finish desired by consumers.

This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global gelcoat market by below-mentioned segments:

Global Gelcoat Market by Resin Type:

  • Polyester
  • Vinyl Ester
  • Epoxy
  • Others

Global Gelcoat Market by End-User Industry:

  • Marine
  • Transport
  • Construction
  • Wind Energy
  • Others

Global Gelcoat Market by Region:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of the Middle East and Africa

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1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by Resin Type
        4.3.2. Market attractiveness analysis by End User Industry
        4.3.3. Market attractiveness analysis by Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Rising utilization of composites in the various industries
        5.2.2. Growth of the transportation industry
   5.3. Restraints
        5.3.1. Growing preference to closed molding process
        5.3.2. Susceptibility to cracks development
   5.4. Opportunities
        5.4.1. Global emphasis on increasing the wind energy production
        5.4.2. Increasing demand from the Asia Pacific region
   5.5. Challenges
        5.5.1. Environmental regulations on the gelcoat manufacturing process


6. Global Gelcoat Market Analysis and Forecast, By Resin Type
   6.1. Segment Overview
   6.2. Polyester
   6.3. Vinyl Ester
   6.4. Epoxy
   6.5. Others

7. Global Gelcoat Market Analysis and Forecast, By End User Industry
   7.1. Segment Overview
   7.2. Marine
   7.3. Transport
   7.4. Construction
   7.5. Wind Energy
   7.6. Others

8. Global Gelcoat Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Gelcoat Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Gelcoat Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. Ineos Enterprise
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. Bufa Composite Systems GmbH
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. HK Research Corporation
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Allnex, Scott Bader Company
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. Poliya Composites Resins and Polymers
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. Interplastic Corporation
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Alpha Owens Corning (AOC) Aliancys
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. Polynt-Reichhold Group
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Turkuaz Polyester
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Ashland Inc
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. Reichhold LLC
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. Synergys Technologies
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Product Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. Fibre Glass Development Corporation
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Product Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. Bang & Bonsomer Group Ab
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Product Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Polynt Spa
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Product Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis


List of Table
1. Global Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
2. Global Polyester Gelcoat Market, Region, 2015–2025 (USD Million) (Kilotons)
3. Global Vinyl Ester Gelcoat Market, Region, 2015–2025 (USD Million) (Kilotons)
4. Global Epoxy Gelcoat Market, Region, 2015–2025 (USD Million) (Kilotons)
5. Global Others Gelcoat Market, Region, 2015–2025 (USD Million) (Kilotons)
6. Global Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
7. Global Marine Gelcoat Market, By Region, 2015–2025 (USD Million) (Kilotons)
8. Global Transport Gelcoat Market, By Region, 2015–2025 (USD Million) (Kilotons)
9. Global Construction Gelcoat Market, By Region, 2015–2025 (USD Million) (Kilotons)
10. Global Wind Energy Gelcoat Market, By Region, 2015–2025 (USD Million) (Kilotons)
11. Global Others Gelcoat Market, By Region, 2015–2025 (USD Million) (Kilotons)
12. Global Gelcoat Market, By Region, 2015–2025 (USD Million) (Kilotons)
13. Global Gelcoat Market, By North America, 2015–2025 (USD Million) (Kilotons)
14. North America Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
15. North America Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
16. U.S. Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
17. U.S. Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
18. Canada Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
19. Canada Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
20. Mexico Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
21. Mexico Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
22. Europe Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
23. Europe Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
24. Germany Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
25. Germany Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
26. France Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
27. France Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
28. Sweden Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
29. Sweden Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
30. Netherlands Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
31. Netherlands Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
32. U.K. Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
33. U.K. Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
34. Italy Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
35. Italy Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
36. Spain Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
37. Spain Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
38. Turkey Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
39. Turkey Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
40. Switzerland Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
41. Switzerland Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
42. Belgium Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
43. Belgium Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
44. Asia Pacific Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
45. Asia Pacific Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
46. Japan Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
47. Japan Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
48. China Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
49. China Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
50. India Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
51. India Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
52. South Korea Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
53. South Korea Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
54. Australia Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
55. Australia Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
56. Singapore Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
57. Singapore Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
58. Malaysia Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
59. Malaysia Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
60. Thailand Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
61. Thailand Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
62. Indonesia Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
63. Indonesia Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
64. Philippines Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
65. Philippines Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
66. South America Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
67. South America Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
68. Brazil Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons) 
69. Brazil Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
70. Argentina Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
71. Argentina Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
72. Colombia Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
73. Colombia Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
74. Middle East and Africa Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
75. Middle East and Africa Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
76. Saudi Arabia Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
77. Saudi Arabia Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
78. UAE Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
79. UAE Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
80. Egypt Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
81. Egypt Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 
82. Nigeria Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
83. Nigeria Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)
84. South Africa Gelcoat Market, By Resin Type, 2015–2025 (USD Million) (Kilotons)
85. South Africa Gelcoat Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

List of Figures 
1. Global Gelcoat Market Segmentation
2. Gelcoat Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis 
7. Value Chain Analysis 
8. Global Gelcoat Market attractiveness analysis by Resin Type
9. Global Gelcoat Market attractiveness analysis by End User Industry
10. Global Gelcoat Market attractiveness analysis by Region
11. Global Gelcoat Market: Dynamics
12. Global Gelcoat Market Share by Resin Type (2017 & 2025)
13. Global Gelcoat Market Share by End User Industry (2017 & 2025)
14. Global Gelcoat Market Share by Regions (2017 & 2025)
15. Global Gelcoat Market Share by Company (2018)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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