United States Construction Adhesives & Sealants Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2028 | |
Market Size (2024) | USD 3.08 Billion | |
Market Size (2028) | USD 3.85 Billion | |
Largest Share by Resin | Polyurethane | |
CAGR (2024 - 2028) | 5.76 % | |
Fastest Growing by Resin | Silicone | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Construction Adhesives & Sealants Market Analysis
The United States Construction Adhesives & Sealants Market size is estimated at 3.08 billion USD in 2024, and is expected to reach 3.85 billion USD by 2028, growing at a CAGR of 5.76% during the forecast period (2024-2028).
3.08 Billion
Market Size in 2024 (USD)
3.85 Billion
Market Size in 2028 (USD)
6.77 %
CAGR (2017-2023)
5.76 %
CAGR (2024-2028)
Largest Market by Technology
42.65 %
value share, Sealants, 2023
In the United States, sealants have registered the highest market share due to their wide-ranging applications in the building and construction industry, including joint sealing, insulation, curtain wall, facade, and glazing.
Fastest Growing Market by Technology
5.93 %
Projected CAGR, Sealants, 2024-2028
With the increasing demand for non-toxic and low VOC content sealants for the building and construction industry, sealants are likely to be the fastest-growing technology over the forecast period.
Largest Market by Resin
24.67 %
value share, Polyurethane, 2023
Polyurethane resins hold the highest market share owing to their wide-ranging applications in the building and construction industry, specifically for interior and exterior applications.
Fastest Growing Market by Resin
6.18 %
Projected CAGR, Silicone, 2024-2028
Silicone resin is expected to witness the fastest growth during the forecast period owing to the increasing demand for sustainable, affordable, and eco-friendly construction products in the country.
Leading Market Player
9.34 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in the country due to the popularity of its products, specifically polyurethane-based technology in the building and construction industry.
High demand for adhesives and sealants is expected in the coming years with new construction reaching 7.1 billion square feet by 2028
- Resins impart the required physical and chemical properties such as UV resistance, heat resistance, and tensile strength in the adhesives that can be used in specific applications. New construction is expected to grow to 5.8 billion square feet in 2022 from 5.6 billion in 2021.
- The construction adhesives and sealants recorded a sudden growth of 5.12% in volume in 2021 due to the economic recovery, regularization of raw materials supply, and reopening of production facilities in the United States, which the COVID-19 pandemic impacted in 2020. During the pandemic, lockdowns across the country caused the shutdown of production facilities and a decline in the consumption of adhesives.
- These adhesives are segmented into different resins, of which polyurethane and acrylic resin-based adhesives are widely used in construction applications. These adhesives are known as structural adhesives, which offer high tensile strength in the range of 5 to 8 N/mm². They are used in construction to bond decorative floor coverings and ceramic tiles adhesives, seal metal parts into concrete, bond a door frame into masonry, and many other applications.
- The United States accounts for the highest consumption of construction adhesives and sealants, accounting for nearly 70% of the North American market in 2021 because of the rising demand for residential and non-residential construction. The new building and constructions in the country are expected to reach 7.1 billion square feet by 2028 and, thus, drive the demand for construction adhesives and sealants over the forecast period.
United States Construction Adhesives & Sealants Market Trends
Government's' investments such as the Infrastructure for Rebuilding America (INFRA) program of USD 7.25 billion for FY 2022-2026 to increase construction in the country
- The United States is the largest country for construction activities in the North American region. The country had a GDP of USD 25,350 per capita, with an expected growth rate of 3.7% Y-o-Y in 2022. The construction industry contributes nearly 4.2% of the US GDP. The factors affecting the US construction industry are new investments, residential & non-residential constructions, government policies, and others.
- Public sector construction spending declined in 2021, recording USD 346.3 billion compared to USD 361.2 billion in 2020. However, the private sector construction spending increased in 2021 and was valued at USD 1,245.4 billion in 2021 compared to USD 1107.9 billion in 2020.
- The residential house construction, including privately‐owned housing units authorized by building permits in January, was at a seasonally adjusted annual rate of 1,899,000. This was 0.7% above the revised December rate of 1,885,000 and 0.8% above the January 2021 rate of 1,883,000.
- In March 2022, the US Department of Transportation (USDOT) announced that the Infrastructure for Rebuilding America (INFRA) program would distribute USD 7.25 billion for FY 2022-2026 to all states and regions to build multimodal freight and highway projects of national or regional significance. These factors are expected to boost construction activities in the United States over the forecast period.
United States Construction Adhesives & Sealants Industry Overview
The United States Construction Adhesives & Sealants Market is fragmented, with the top five companies occupying 34.57%. The major players in this market are 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, RPM International Inc. and Sika AG (sorted alphabetically).
United States Construction Adhesives & Sealants Market Leaders
3M
H.B. Fuller Company
Henkel AG & Co. KGaA
RPM International Inc.
Sika AG
Other important companies include Arkema Group, Dow, Huntsman International LLC, Illinois Tool Works Inc., MAPEI S.p.A..
*Disclaimer: Major Players sorted in alphabetical order.
United States Construction Adhesives & Sealants Market News
- April 2022: ITW Performance Polymers launched Plexus MA8105 as its newest adhesive with fast room-temperature curing, excellent mechanical properties, and a broad range of adhesion.
- February 2022: Arkema Group completed the acquisition of Ashland's Performance Adhesives business. Ashland is a world leader in high-performance adhesives in the United States.
- December 2021: Under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
United States Construction Adhesives & Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
-
4.1 End User Trends
- 4.1.1 Building and Construction
-
4.2 Regulatory Framework
- 4.2.1 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
-
5.1 Resin
- 5.1.1 Acrylic
- 5.1.2 Cyanoacrylate
- 5.1.3 Epoxy
- 5.1.4 Polyurethane
- 5.1.5 Silicone
- 5.1.6 VAE/EVA
- 5.1.7 Other Resins
-
5.2 Technology
- 5.2.1 Hot Melt
- 5.2.2 Reactive
- 5.2.3 Sealants
- 5.2.4 Solvent-borne
- 5.2.5 Water-borne
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Dow
- 6.4.4 H.B. Fuller Company
- 6.4.5 Henkel AG & Co. KGaA
- 6.4.6 Huntsman International LLC
- 6.4.7 Illinois Tool Works Inc.
- 6.4.8 MAPEI S.p.A.
- 6.4.9 RPM International Inc.
- 6.4.10 Sika AG
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
-
8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, UNITED STATES, 2017-2028
- Figure 2:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 3:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 4:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 5:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, USD, UNITED STATES, 2017 - 2028
- Figure 6:
- VOLUME SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 7:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 8:
- VOLUME OF BUILDING AND CONSTRUCTION ACRYLIC ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 9:
- VALUE OF BUILDING AND CONSTRUCTION ACRYLIC ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 10:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ACRYLIC ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 11:
- VOLUME OF BUILDING AND CONSTRUCTION CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 12:
- VALUE OF BUILDING AND CONSTRUCTION CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 13:
- VALUE SHARE OF BUILDING AND CONSTRUCTION CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 14:
- VOLUME OF BUILDING AND CONSTRUCTION EPOXY ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 15:
- VALUE OF BUILDING AND CONSTRUCTION EPOXY ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 16:
- VALUE SHARE OF BUILDING AND CONSTRUCTION EPOXY ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 17:
- VOLUME OF BUILDING AND CONSTRUCTION POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 18:
- VALUE OF BUILDING AND CONSTRUCTION POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 19:
- VALUE SHARE OF BUILDING AND CONSTRUCTION POLYURETHANE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 20:
- VOLUME OF BUILDING AND CONSTRUCTION SILICONE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 21:
- VALUE OF BUILDING AND CONSTRUCTION SILICONE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 22:
- VALUE SHARE OF BUILDING AND CONSTRUCTION SILICONE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 23:
- VOLUME OF BUILDING AND CONSTRUCTION VAE/EVA ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 24:
- VALUE OF BUILDING AND CONSTRUCTION VAE/EVA ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 25:
- VALUE SHARE OF BUILDING AND CONSTRUCTION VAE/EVA ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 26:
- VOLUME OF BUILDING AND CONSTRUCTION OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 27:
- VALUE OF BUILDING AND CONSTRUCTION OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 28:
- VALUE SHARE OF BUILDING AND CONSTRUCTION OTHER RESINS ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 29:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 30:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, USD, UNITED STATES, 2017 - 2028
- Figure 31:
- VOLUME SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 32:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 33:
- VOLUME OF BUILDING AND CONSTRUCTION HOT MELT ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 34:
- VALUE OF BUILDING AND CONSTRUCTION HOT MELT ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 35:
- VALUE SHARE OF BUILDING AND CONSTRUCTION HOT MELT ADHESIVES CONSUMED BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 36:
- VOLUME OF BUILDING AND CONSTRUCTION REACTIVE ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 37:
- VALUE OF BUILDING AND CONSTRUCTION REACTIVE ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 38:
- VALUE SHARE OF BUILDING AND CONSTRUCTION REACTIVE ADHESIVES CONSUMED BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 39:
- VOLUME OF BUILDING AND CONSTRUCTION SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 40:
- VALUE OF BUILDING AND CONSTRUCTION SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 41:
- VALUE SHARE OF BUILDING AND CONSTRUCTION SEALANTS CONSUMED BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 42:
- VOLUME OF BUILDING AND CONSTRUCTION SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 43:
- VALUE OF BUILDING AND CONSTRUCTION SOLVENT-BORNE ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 44:
- VALUE SHARE OF BUILDING AND CONSTRUCTION SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 45:
- VOLUME OF BUILDING AND CONSTRUCTION WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 46:
- VALUE OF BUILDING AND CONSTRUCTION WATER-BORNE ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 47:
- VALUE SHARE OF BUILDING AND CONSTRUCTION WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 48:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, UNITED STATES, 2019 - 2021
- Figure 49:
- MOST ADOPTED STRATEGIES, COUNT, UNITED STATES, 2019 - 2021
- Figure 50:
- REVENUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS BY MAJOR PLAYERS, %, UNITED STATES, 2021
United States Construction Adhesives & Sealants Industry Segmentation
Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, Solvent-borne, Water-borne are covered as segments by Technology.
- Resins impart the required physical and chemical properties such as UV resistance, heat resistance, and tensile strength in the adhesives that can be used in specific applications. New construction is expected to grow to 5.8 billion square feet in 2022 from 5.6 billion in 2021.
- The construction adhesives and sealants recorded a sudden growth of 5.12% in volume in 2021 due to the economic recovery, regularization of raw materials supply, and reopening of production facilities in the United States, which the COVID-19 pandemic impacted in 2020. During the pandemic, lockdowns across the country caused the shutdown of production facilities and a decline in the consumption of adhesives.
- These adhesives are segmented into different resins, of which polyurethane and acrylic resin-based adhesives are widely used in construction applications. These adhesives are known as structural adhesives, which offer high tensile strength in the range of 5 to 8 N/mm². They are used in construction to bond decorative floor coverings and ceramic tiles adhesives, seal metal parts into concrete, bond a door frame into masonry, and many other applications.
- The United States accounts for the highest consumption of construction adhesives and sealants, accounting for nearly 70% of the North American market in 2021 because of the rising demand for residential and non-residential construction. The new building and constructions in the country are expected to reach 7.1 billion square feet by 2028 and, thus, drive the demand for construction adhesives and sealants over the forecast period.
Resin | Acrylic |
Cyanoacrylate | |
Epoxy | |
Polyurethane | |
Silicone | |
VAE/EVA | |
Other Resins | |
Technology | Hot Melt |
Reactive | |
Sealants | |
Solvent-borne | |
Water-borne |
Market Definition
- End-user Industry - Residential construction, commercial construction, public buildings, industrial buildings and infrastructure projects are considered under the construction industry.
- Product - All adhesive and sealant products used in construction industry are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and Sealants technologies are taken into consideration.
Keyword | Definition |
---|---|
Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms