Bioadhesive Market

Bioadhesive Market Size by Application (Construction, Paper & Packaging, Personal Care, Woodworking, Medical), Type (Animal-based & Plant-based), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12792
  • Published Date: Jun, 2022
  • Pages: 237
  • Category: Chemicals & Materials
  • Format: PDF
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The global bioadhesive market is expected to reach USD 12.6 billion by 2030, at a CAGR of 10.1% from 2022 to 2030. The global market for bioadhesives is noticing increased development due to governmental rules and guidelines to prevent atmosphere pollution and customer understanding of biodegradable products. The rising usage of bio-based products in end-user enterprises even pushes the demand for excellent quality biodegradable products.

Market Overview:

Bioadhesives are naturally arising polymeric materials with adhesive effects and the capability to attach to biological surfaces. Biological intermediaries, like cellulose, gelatin, or starch, are used to make this substance. Bioadhesives have eco-friendly qualities and are now preferred over artificial adhesives. These adhesives are utilized in different end-user enterprises, including packaging & paper, manufacturing, wood, and medicine. The growing crisis among the people concerning the environment has been the primary driving strength of the market. The ever-increasing need for eco-friendly products has boosted the demand for bioadhesives over traditional adhesives, which is petroleum-based. Also, the depleted fossil fuel resources have turned the focus towards natural raw materials from animals and plants. The rising need for bioadhesives from packaging & paper and the medical industry has fueled the market. Regardless, the implementation of such bioadhesives doesn't match traditional adhesives, and thus, it might show a market downshift. The bioadhesives market has grown immensely due to improved manufacturer investments in biotechnology and creation and improved need for bioadhesives in various applications. Furthermore, government rules to protect the environment and promote bio-based products have helped the market growth. Other factors driving the global bioadhesives market development include improved end-use industry growth, a rise in R&D, and high Investment. The factors mentioned above predict the market's substantial boost during the coming years

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Market Dynamics:

Drivers:
  • The rising need for bio-based products due to increasing environmental concerns
  • Presently, artificial adhesives are utilized most commercially for varied industrial applications. Over the years, with an expansion in environmental concerns and regulatory guidelines, different countries have been assuming bio-based products in numerous applications. Similarly, global manufacturers of adhesives are concentrating on bio-products to ensure security and evade health issues and risks caused by VOC emissions from Petro-based or synthetic adhesives.
Restraints:
  • Competition from alternatives

Bioadhesives are obtained from renewable energy and can produce adhesives based on petroleum raw material. Bioadhesives encounter a considerable match from synthetically derived adhesives that are more reasonable and simpler to manufacture. Bioadhesives manufacturers must concentrate on delivering bio-based products at a competitive price to enter large markets and overcome the obstacles. The important market sectors take the challenge as a possibility and develop technology to make bioadhesives with outstanding performance at an economical expense.

Opportunities:
  • Growing need for environmentally friendly outcomes

The development of the global bioadhesives market is pushed by numerous elements, such as raising understanding about sustainability and greener outcomes and a shift in customer preferences toward eco-friendly outcomes. The global chemical market supports creating innovative bio-based chemicals and forcing manufacturers to produce VOC-free products. Therefore, the current market demand delivers enough scope for developing eco-friendly products in the worldwide chemicals and materials market.

Challenges:
  • High investment for advance technology

The production of bioadhesives needs cutting-edge formulation and creative technology. The research & development expenses in producing bio-based products are increased compared to different adhesive formulations. Therefore, only the top global manufacturers can invest in such product creation. The prominent players funding research & development activities are EcoSynthetix Inc., Henkel AG, Arkema SA, Cryolife Inc, and 3M Company. The small participants can strategize and create innovative products, though it is a considerable challenge in the competitive global market.

Segmentation Analysis:

The global bioadhesive market has been segmented based on application, type, and region.

  • The application segment is divided into construction, paper & packaging, personal care, woodworking, and medical. The paper & packaging segment dominated the market, with a market share of around 25% in 2021. Bioadhesives are utilized in various forms, including lamination of cigarettes and filters, flexible packaging, printed sheets, and specialty packaging.
  • The type segment is divided into animal-based & plant-based. The plant-based segment dominated the market, with a market share of around 62% in 2021. The production of biodegradable, adhesives and biological plant-based renewable resources is being utilized to substitute petro-based raw materials.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East and Africa. Europe region emerged as the largest market for the global bioadhesive market with a 34.5% share of the market revenue in 2021.

  • Europe currently dominates the bioadhesive market. Due to the most significant demand for the bioadhesives market, strict government rules regarding synthetic adhesives, and fast technical advancements in bio-based material use, the region will continue its domination.
  • The North American region holds the second-largest market share worldwide due to significant key players that push the market demand in the area. The government's growing investment in research and development also forces the market demand. The increasing need for personal care is also a contributing factor in more demand.

Europe Region Bioadhesive Market Share in 2021 - 34.5%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global bioadhesive industry.

The latest production facility in place, called Kurkumbh, India, is announced by Henkel AG. With a complete acquisition of about $57 million, the business unit seeks to help the increasing need of Indian industries for better performance solutions in sealants, adhesives, and surface treatment products. Designed as an intelligent factory, the new plant allows a broad range of Industry 4.0 operations and fulfills the highest standards for sustainability in February 2020

List of Key Market Players:

  • 3M Company
  • Adhbio
  • Adhesives Research
  • Ashland Inc.
  • Bioadhesive Alliance Inc.
  • Camurus
  • EcoSynthetix Inc.
  • Henkel Corporation
  • Yparex B.V.

Key Target Audience

  • Hospitals
  • Diagnostic Centers
  • Medical
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers

Report Description:

  • Global Bioadhesive Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global bioadhesive market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global bioadhesive market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of bioadhesive based on application, type, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global bioadhesive market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global bioadhesive market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global bioadhesive market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the Bioadhesive market was valued at USD 5.3 billion in 2021 to USD 12.6 billion by 2030.

Global Bioadhesive market is growing at a CAGR of 10.1% during the forecast period 2022-2030.

The global Bioadhesive market has been segmented based on application, type, and regions. The paper & packaging segment led the market in 2021. The plant-based segment led the market in 2021.

Europe region emerged as the largest market for the Bioadhesive market.

The market's growth will be influenced by the rising need for bio-based products due to increasing environmental concerns.

Competition from alternatives to hinder market growth.

Growing need for environmentally friendly outcomes will provide huge opportunities to the market.

Key players are 3M Company, Adhbio, Adhesives Research, Ashland Inc., Bioadhesive Alliance Inc., Camurus, EcoSynthetix Inc., Henkel Corporation and Yparex B.V.

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

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 Application
          4.3.2. Market Attractiveness Analysis by Type
          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. The rising need for bio-based products due to increasing environmental concerns
    5.3. Restraints
          5.3.1. Competition from alternatives
    5.4. Opportunities
          5.4.1. Growing need for environmentally friendly outcomes
    5.5. Challenges
          5.5.1. High Investment for advance technology

6. Global Bioadhesive Market Analysis and Forecast, By Application:
    6.1. Segment Overview
    6.2. Construction
    6.3. Paper & Packaging
    6.4. Personal Care
    6.5. Woodworking
    6.6. Medical

7. Global Bioadhesive Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Animal based
    7.3. Plant based

8. Global Bioadhesive 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. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Bioadhesive Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Bioadhesive 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. 3M Company
          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. Adhbio
          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. Adhesives Research
          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. Ashland Inc
          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. Bioadhesive Alliance Inc.
          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. Camurus
          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. EcoSynthetix Inc
          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. Henkel Corporation.
          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. Yparex B.V
          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
 

List of Table

1. Global Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

2. Global Construction Bioadhesive Market, By Region, 2019-2030 (USD Billion) 

3. Global Paper & Packaging Bioadhesive Market, By Region, 2019-2030 (USD Billion) 

4. Global Personal Care Bioadhesive Market, By Region, 2019-2030 (USD Billion) 

5. Global Woodworking Bioadhesive Market, By Region, 2019-2030 (USD Billion) 

6. Global Medical Bioadhesive Market, By Region, 2019-2030 (USD Billion) 

7. Global Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

8. Global Animal based Bioadhesive Market, By Region, 2019-2030 (USD Billion) 

9. Global Plant based Bioadhesive Market, By Region, 2019-2030 (USD Billion)

10. North America Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

11. North America Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

12. U.S. Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

13. U.S. Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

14. Canada Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

15. Canada Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

16. Mexico Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

17. Mexico Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

18. Europe Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

19. Europe Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

20. Germany Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

21. Germany Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

22. France Bioadhesive Market, By Application 2019-2030 (USD Billion) 

23. France Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

24. U.K. Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

25. U.K. Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

26. Italy Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

27. Italy Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

28. Spain Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

29. Spain Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

30. Asia Pacific Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

31. Asia Pacific Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

32. Japan Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

33. Japan Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

34. China Bioadhesive Market, By Application 2019-2030 (USD Billion) 

35. China Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

36. India Bioadhesive Market, By Application 2019-2030 (USD Billion) 

37. India Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

38. South America Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

39. South America Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

40. Brazil Bioadhesive Market, By Application 2019-2030 (USD Billion) 

41. Brazil Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

42. Middle East and Africa Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

43. Middle East and Africa Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

44. UAE Bioadhesive Market, By Application, 2019-2030 (USD Billion) 

45. UAE Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

46. South Africa Bioadhesive Market, By Application 2019-2030 (USD Billion) 

47. South Africa Bioadhesive Market, By Type, 2019-2030 (USD Billion) 

List of Figures 

1. Global Bioadhesive Market Segmentation

2. Bioadhesive 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 Bioadhesive Market Attractiveness Analysis by Application

9. Global Bioadhesive Market Attractiveness Analysis by Type

10. Global Bioadhesive Market Attractiveness Analysis by Region

11. Global Bioadhesive Market: Dynamics

12. Global Bioadhesive Market Share by Application (2022 & 2030)

13. Global Bioadhesive Market Share by Type (2022 & 2030)

14. Global Bioadhesive Market Share by Regions (2022 & 2030)

15. Global Bioadhesive Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global bioadhesive market based on below mentioned segments:

Global Bioadhesive Market by Application:

  • Construction
  • Paper & Packaging
  • Personal Care
  • Woodworking
  • Medical

Global Bioadhesive Market by Type:

  • Animal based
  • Plant based

Global Bioadhesive Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative 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, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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