Key Insights
The North American powder coatings market, valued at $1.57 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.00% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for durable and environmentally friendly coatings across various end-use industries, such as automotive and architecture and decorative, is a significant driver. Automotive applications benefit from powder coatings' superior corrosion resistance and chip resistance, leading to extended vehicle lifespan and reduced maintenance costs. Similarly, the architectural and decorative sector leverages powder coatings' aesthetic versatility and long-term durability for building exteriors and interior finishes. Furthermore, stringent environmental regulations promoting VOC-free coatings are bolstering the adoption of powder coatings, which are inherently more sustainable than liquid alternatives. Growth is further segmented by resin type, with acrylic, epoxy, and polyester resins holding significant market share. Competition within the market is intense, with major players like Sherwin-Williams, PPG Industries, Akzo Nobel, and BASF vying for market dominance through innovation in resin technology and expansion into new applications. However, price fluctuations in raw materials and potential supply chain disruptions could pose challenges to market growth.
The forecast period (2025-2033) anticipates continued market expansion, with the automotive sector potentially leading the charge due to ongoing electrification and lightweighting trends within the industry. The architectural and decorative segment is also poised for consistent growth, driven by new construction projects and the renovation of existing buildings. While challenges exist, including potential economic slowdowns and competition from alternative coating technologies, the overall market outlook remains positive. The inherent advantages of powder coatings – durability, sustainability, and aesthetic appeal – will continue to drive market demand in North America throughout the forecast period. The continued research and development of new resin types and improved application techniques will also play a vital role in shaping the market's future.

North America Powder Coatings Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the North America powder coatings market, encompassing market dynamics, growth trends, regional segmentation, product landscape, key players, and future outlook. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. The report is invaluable for industry professionals, investors, and strategic decision-makers seeking a clear understanding of this dynamic market.
Value in Million Units
North America Powder Coatings Market Dynamics & Structure
This section delves into the intricate structure of the North America powder coatings market, analyzing market concentration, technological innovation drivers, and regulatory frameworks impacting growth. We examine the competitive landscape, including the roles of product substitutes, end-user demographics, and M&A activities.
- Market Concentration: The North America powder coatings market exhibits a moderately consolidated structure, with the top five players holding an estimated xx% market share in 2025. This is influenced by the presence of both global and regional players.
- Technological Innovation: Continuous innovation in resin technology, focusing on enhanced durability, sustainability, and aesthetic appeal, is a major driver. This includes advancements in UV resistance, corrosion protection, and low-VOC formulations.
- Regulatory Framework: Environmental regulations regarding VOC emissions and hazardous waste disposal significantly influence manufacturing processes and product formulations. Compliance costs and stringent regulations impact market dynamics.
- Competitive Product Substitutes: Liquid coatings remain a major competitive substitute, particularly in applications where complex geometries or rapid curing are essential. However, the advantages of powder coatings in terms of cost-effectiveness and reduced environmental impact are fueling its growth.
- End-User Demographics: The construction, automotive, and industrial sectors are the primary end-users, with their growth prospects and preferences influencing market demand.
- M&A Trends: The past five years have witnessed xx M&A deals in the North American powder coatings market, primarily driven by strategic acquisitions to expand product portfolios and geographical reach. The average deal size was approximately xx million USD. Barriers to innovation include high R&D costs and challenges in scaling up novel technologies.
North America Powder Coatings Market Growth Trends & Insights
This section provides a detailed analysis of the North America powder coatings market's growth trajectory, leveraging comprehensive data and insights. The report examines market size evolution, adoption rates, technological disruptions, and shifting consumer behavior.
The North America powder coatings market is projected to witness a CAGR of xx% during the forecast period (2025-2033), driven by rising demand from the construction and industrial sectors. Market penetration in emerging applications, such as furniture and appliances, is also contributing to growth. Technological advancements, particularly in the development of sustainable and high-performance powder coatings, are accelerating adoption rates. Consumer preference for aesthetically pleasing and durable finishes further fuels market expansion.

Dominant Regions, Countries, or Segments in North America Powder Coatings Market
This section identifies the leading regions, countries, and segments within the North America powder coatings market, highlighting key drivers and dominance factors.
Leading Regions: The US and Mexico are the dominant regions, accounting for approximately xx% and xx% of the market share, respectively, in 2025. This is attributed to substantial industrial activity and construction projects in these regions. Canada contributes a significant portion as well.
Leading Resin Type: Polyester powder coatings hold the largest market share, followed by epoxy and epoxy-polyester types. The demand for polyester is driven by its versatile properties and cost-effectiveness. Acrylic and polyurethane segments are experiencing steady growth due to their superior aesthetic qualities and durability.
Leading End-User Industry: The industrial segment accounts for the largest market share due to extensive use in metal fabrication, appliances, and other industrial applications. The architectural and decorative segment is also a significant contributor, driven by increasing demand for aesthetically pleasing and durable coatings in buildings. The automotive sector's demand is moderate but growing with the rise of electric vehicles, which frequently use powder coating.
Key Drivers: Robust construction activities, growing industrial production, and increasing demand for durable and sustainable coatings are primary drivers. Government initiatives promoting energy efficiency and sustainable building practices also play a significant role.
North America Powder Coatings Market Product Landscape
The North America powder coatings market offers a wide range of products catering to diverse application requirements. Key innovations focus on enhanced performance characteristics, including improved UV resistance, scratch resistance, and corrosion protection. Manufacturers are increasingly emphasizing the development of eco-friendly, low-VOC formulations to meet stricter environmental regulations. Products are differentiated based on resin type, color, texture, and specific performance properties. Unique selling propositions often include superior durability, ease of application, and enhanced aesthetic appeal.
Key Drivers, Barriers & Challenges in North America Powder Coatings Market
Key Drivers:
- Increasing demand from construction and industrial sectors.
- Growing preference for durable and sustainable coatings.
- Technological advancements leading to enhanced product performance.
- Favorable government policies promoting energy efficiency.
Key Challenges and Restraints:
- Fluctuations in raw material prices impacting profitability.
- Stringent environmental regulations requiring costly compliance measures.
- Intense competition from liquid coatings and other alternative technologies.
- Potential supply chain disruptions affecting production and delivery timelines. The impact of these disruptions is estimated to have reduced market growth by approximately xx% in 2022.
Emerging Opportunities in North America Powder Coatings Market
Emerging opportunities lie in the expansion into new applications, such as furniture, appliances, and consumer electronics. The development of specialized powder coatings with unique properties (e.g., antimicrobial coatings, self-healing coatings) also presents significant growth potential. Further, tapping into the growing demand for sustainable and eco-friendly coatings, such as those with recycled content or bio-based materials, presents a significant opportunity.
Growth Accelerators in the North America Powder Coatings Market Industry
Long-term growth will be accelerated by strategic partnerships between powder coating manufacturers and end-user industries to develop customized solutions. Technological breakthroughs, particularly in the field of nanotechnology and bio-based resins, will drive the development of next-generation powder coatings with enhanced performance and sustainability. Expansion into new geographical markets and diversification of product offerings will further contribute to sustained growth.
Key Players Shaping the North America Powder Coatings Market Market
- The Sherwin-Williams Company
- FERRO ARTE DE MEXICO
- Jotun
- RPM International Inc
- Evonik Industries AG
- PPG Industries Inc
- Nippon Paint Holdings Co Ltd
- BASF SE
- Akzo Nobel N V
- Asian Paints Limited
- Axalta Coating Systems LLC
- Kansai Paint Co Ltd
Notable Milestones in North America Powder Coatings Market Sector
- August 2022: PPG Industries Inc. announced an USD 11 million investment to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. This expansion significantly bolstered production capacity and strengthened the company's position in the Mexican market.
- May 2022: AkzoNobel Powder Coatings launched a range of ready-to-ship (RTS) powder coatings for the North American market, enhancing its responsiveness to urgent project demands. This strategic move improved supply chain agility and increased market share.
In-Depth North America Powder Coatings Market Outlook
The North America powder coatings market is poised for robust growth over the next decade, driven by technological innovation, increasing demand from diverse end-user sectors, and supportive government policies. Strategic partnerships and investments in R&D will be crucial for maintaining a competitive edge. The focus on sustainable and high-performance powder coatings will continue to drive market expansion, offering significant opportunities for existing and new players. The market's future success hinges on adapting to evolving regulatory landscapes and addressing potential supply chain challenges.
North America Powder Coatings Market Segmentation
-
1. Resin Type
- 1.1. Acrylic
- 1.2. Epoxy
- 1.3. Polyester
- 1.4. Polyurethane
- 1.5. Epoxy-Polyester
- 1.6. Other Re
-
2. End-user Industry
- 2.1. Architecture and Decorative
- 2.2. Automotive
- 2.3. Industrial
- 2.4. Other En
-
3. Geography
- 3.1. United States
- 3.2. Canada
- 3.3. Mexico
North America Powder Coatings Market Segmentation By Geography
- 1. United States
- 2. Canada
- 3. Mexico

North America Powder Coatings Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. The Increasing Usage of Powder Coatings in Automotive Industry; The Favorable Government Initiatives Promoting the Use of Powder Coatings; Recycling Property of Powder Coatings
- 3.3. Market Restrains
- 3.3.1. Difficulty in Obtaining Thin Film of Powder Coating; Other Restraints
- 3.4. Market Trends
- 3.4.1. Growing Demand from Automotive Segment
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Resin Type
- 5.1.1. Acrylic
- 5.1.2. Epoxy
- 5.1.3. Polyester
- 5.1.4. Polyurethane
- 5.1.5. Epoxy-Polyester
- 5.1.6. Other Re
- 5.2. Market Analysis, Insights and Forecast - by End-user Industry
- 5.2.1. Architecture and Decorative
- 5.2.2. Automotive
- 5.2.3. Industrial
- 5.2.4. Other En
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. United States
- 5.3.2. Canada
- 5.3.3. Mexico
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United States
- 5.4.2. Canada
- 5.4.3. Mexico
- 5.1. Market Analysis, Insights and Forecast - by Resin Type
- 6. United States North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Resin Type
- 6.1.1. Acrylic
- 6.1.2. Epoxy
- 6.1.3. Polyester
- 6.1.4. Polyurethane
- 6.1.5. Epoxy-Polyester
- 6.1.6. Other Re
- 6.2. Market Analysis, Insights and Forecast - by End-user Industry
- 6.2.1. Architecture and Decorative
- 6.2.2. Automotive
- 6.2.3. Industrial
- 6.2.4. Other En
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. United States
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.1. Market Analysis, Insights and Forecast - by Resin Type
- 7. Canada North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Resin Type
- 7.1.1. Acrylic
- 7.1.2. Epoxy
- 7.1.3. Polyester
- 7.1.4. Polyurethane
- 7.1.5. Epoxy-Polyester
- 7.1.6. Other Re
- 7.2. Market Analysis, Insights and Forecast - by End-user Industry
- 7.2.1. Architecture and Decorative
- 7.2.2. Automotive
- 7.2.3. Industrial
- 7.2.4. Other En
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. United States
- 7.3.2. Canada
- 7.3.3. Mexico
- 7.1. Market Analysis, Insights and Forecast - by Resin Type
- 8. Mexico North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Resin Type
- 8.1.1. Acrylic
- 8.1.2. Epoxy
- 8.1.3. Polyester
- 8.1.4. Polyurethane
- 8.1.5. Epoxy-Polyester
- 8.1.6. Other Re
- 8.2. Market Analysis, Insights and Forecast - by End-user Industry
- 8.2.1. Architecture and Decorative
- 8.2.2. Automotive
- 8.2.3. Industrial
- 8.2.4. Other En
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. United States
- 8.3.2. Canada
- 8.3.3. Mexico
- 8.1. Market Analysis, Insights and Forecast - by Resin Type
- 9. United States North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 10. Canada North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 11. Mexico North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of North America North America Powder Coatings Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 The Sherwin-Williams Company*List Not Exhaustive
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 FERRO ARTE DE MEXICO
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 Jotun
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 RPM International Inc
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Evonik Industries AG
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 PPG Industries Inc
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 Nippon Paint Holdings Co Ltd
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 BASF SE
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 Akzo Nobel N V
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 Asian Paints Limited
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.11 Axalta Coating Systems LLC
- 13.2.11.1. Overview
- 13.2.11.2. Products
- 13.2.11.3. SWOT Analysis
- 13.2.11.4. Recent Developments
- 13.2.11.5. Financials (Based on Availability)
- 13.2.12 Kansai Paint Co Ltd
- 13.2.12.1. Overview
- 13.2.12.2. Products
- 13.2.12.3. SWOT Analysis
- 13.2.12.4. Recent Developments
- 13.2.12.5. Financials (Based on Availability)
- 13.2.1 The Sherwin-Williams Company*List Not Exhaustive
List of Figures
- Figure 1: North America Powder Coatings Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: North America Powder Coatings Market Share (%) by Company 2024
List of Tables
- Table 1: North America Powder Coatings Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: North America Powder Coatings Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 3: North America Powder Coatings Market Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 4: North America Powder Coatings Market Volume K Tons Forecast, by Resin Type 2019 & 2032
- Table 5: North America Powder Coatings Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 6: North America Powder Coatings Market Volume K Tons Forecast, by End-user Industry 2019 & 2032
- Table 7: North America Powder Coatings Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 8: North America Powder Coatings Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 9: North America Powder Coatings Market Revenue Million Forecast, by Region 2019 & 2032
- Table 10: North America Powder Coatings Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 11: North America Powder Coatings Market Revenue Million Forecast, by Country 2019 & 2032
- Table 12: North America Powder Coatings Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 13: United States North America Powder Coatings Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: United States North America Powder Coatings Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 15: Canada North America Powder Coatings Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Canada North America Powder Coatings Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 17: Mexico North America Powder Coatings Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Mexico North America Powder Coatings Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 19: Rest of North America North America Powder Coatings Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Rest of North America North America Powder Coatings Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 21: North America Powder Coatings Market Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 22: North America Powder Coatings Market Volume K Tons Forecast, by Resin Type 2019 & 2032
- Table 23: North America Powder Coatings Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 24: North America Powder Coatings Market Volume K Tons Forecast, by End-user Industry 2019 & 2032
- Table 25: North America Powder Coatings Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 26: North America Powder Coatings Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 27: North America Powder Coatings Market Revenue Million Forecast, by Country 2019 & 2032
- Table 28: North America Powder Coatings Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 29: North America Powder Coatings Market Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 30: North America Powder Coatings Market Volume K Tons Forecast, by Resin Type 2019 & 2032
- Table 31: North America Powder Coatings Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 32: North America Powder Coatings Market Volume K Tons Forecast, by End-user Industry 2019 & 2032
- Table 33: North America Powder Coatings Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 34: North America Powder Coatings Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 35: North America Powder Coatings Market Revenue Million Forecast, by Country 2019 & 2032
- Table 36: North America Powder Coatings Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 37: North America Powder Coatings Market Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 38: North America Powder Coatings Market Volume K Tons Forecast, by Resin Type 2019 & 2032
- Table 39: North America Powder Coatings Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 40: North America Powder Coatings Market Volume K Tons Forecast, by End-user Industry 2019 & 2032
- Table 41: North America Powder Coatings Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 42: North America Powder Coatings Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 43: North America Powder Coatings Market Revenue Million Forecast, by Country 2019 & 2032
- Table 44: North America Powder Coatings Market Volume K Tons Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Powder Coatings Market?
The projected CAGR is approximately 4.00%.
2. Which companies are prominent players in the North America Powder Coatings Market?
Key companies in the market include The Sherwin-Williams Company*List Not Exhaustive, FERRO ARTE DE MEXICO, Jotun, RPM International Inc, Evonik Industries AG, PPG Industries Inc, Nippon Paint Holdings Co Ltd, BASF SE, Akzo Nobel N V, Asian Paints Limited, Axalta Coating Systems LLC, Kansai Paint Co Ltd.
3. What are the main segments of the North America Powder Coatings Market?
The market segments include Resin Type, End-user Industry, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.57 Million as of 2022.
5. What are some drivers contributing to market growth?
The Increasing Usage of Powder Coatings in Automotive Industry; The Favorable Government Initiatives Promoting the Use of Powder Coatings; Recycling Property of Powder Coatings.
6. What are the notable trends driving market growth?
Growing Demand from Automotive Segment.
7. Are there any restraints impacting market growth?
Difficulty in Obtaining Thin Film of Powder Coating; Other Restraints.
8. Can you provide examples of recent developments in the market?
August 2022: PPG Industries Inc. announced an investment of USD 11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project was expected to be completed by mid-2023 and was to allow the plant to meet the expected future demand for powder coatings in Mexico.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Tons.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Powder Coatings Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the North America Powder Coatings Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the North America Powder Coatings Market?
To stay informed about further developments, trends, and reports in the North America Powder Coatings Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence