Key Insights
The cementitious grout market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 6.00% from 2025 to 2033. This expansion is driven by several key factors. The burgeoning global construction industry, particularly in the infrastructure and commercial sectors, fuels significant demand for high-performance grouts. Increasing urbanization and the need for durable, resilient infrastructure projects contribute substantially to market growth. Furthermore, the rising adoption of sustainable building practices and the availability of eco-friendly cementitious grout options are bolstering market expansion. Technological advancements leading to improved grout formulations with enhanced properties like strength, workability, and durability also play a significant role. Major market players like Five Star Products Inc, Arkema, Saint-Gobain, and others are actively investing in R&D and expanding their product portfolios to cater to the evolving needs of the construction industry. The residential sector, while showing steady growth, is comparatively smaller than the commercial and industrial segments.
However, market growth faces certain restraints. Fluctuations in raw material prices, particularly cement and aggregates, can impact production costs and profitability. Stringent environmental regulations regarding cement production and disposal also pose a challenge for market players. Competition among established players and the emergence of new entrants further influence market dynamics. Despite these constraints, the long-term outlook for the cementitious grout market remains positive, driven by sustained growth in construction activity and technological innovations that enhance product performance and sustainability. The market segmentation by end-use sector (commercial, industrial & institutional, infrastructure, residential) provides valuable insights into specific market opportunities and growth potential within each segment. Regional variations in construction activity and regulatory landscapes will also influence market performance across different geographical locations.

Cementitious Grout Market: A Comprehensive Report (2019-2033)
This detailed report provides a comprehensive analysis of the global cementitious grout market, offering actionable insights for stakeholders across the construction and industrial sectors. The study covers the period from 2019 to 2033, with 2025 serving as the base and estimated year. The report leverages extensive market research to project future trends and opportunities within this dynamic market segment.
Cementitious Grout Market Concentration & Innovation
This section analyzes the competitive landscape of the cementitious grout market, exploring market concentration, innovation drivers, regulatory influences, and significant M&A activities. The market is moderately concentrated, with key players holding significant but not dominant market share. The top 10 companies account for approximately xx% of the global market. Innovation is driven by the need for high-performance grouts capable of withstanding extreme conditions, improved sustainability, and ease of application. Stringent environmental regulations are pushing companies to develop greener, more eco-friendly alternatives. Key product substitutes include epoxy grouts, but cementitious grouts maintain a cost advantage in many applications.
- Market Share: The top five players (Five Star Products Inc, Arkema, Saint-Gobain, RPM International Inc, MBCC Group) collectively hold approximately xx% of the global market share in 2025.
- M&A Activities: The recent acquisition of MBCC Group by Sika in May 2023 significantly reshaped the competitive landscape, increasing Sika's market share and product portfolio. Other smaller M&A deals, with a total estimated value of xx Million, further consolidated the market during the study period.
- End-User Trends: Increasing infrastructure development globally and a shift towards sustainable construction practices are driving demand for high-performance, environmentally friendly cementitious grouts.
Cementitious Grout Market Industry Trends & Insights
The global cementitious grout market exhibits a robust growth trajectory, projected to reach xx Million by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033). Several factors contribute to this growth, including rising construction activity, particularly in emerging economies, growing demand for durable and high-performance grouts in various sectors, including infrastructure and renewable energy (e.g., offshore wind farms), and government initiatives promoting infrastructure development. Technological advancements such as the development of self-leveling grouts and those with improved rheological properties are enhancing market penetration. The market is witnessing increasing competition, with companies focusing on product differentiation, cost optimization, and expanding their geographical reach. Consumer preferences are shifting towards sustainable and eco-friendly products, prompting manufacturers to develop low-carbon footprint grouts.

Dominant Markets & Segments in Cementitious Grout Market
The infrastructure sector is currently the leading segment in the cementitious grout market. Rapid urbanization and industrialization in developing countries, along with significant investment in infrastructure projects globally, are boosting demand in this segment.
- Key Drivers for Infrastructure Segment Dominance:
- Massive investments in transportation infrastructure (roads, bridges, railways)
- Growth of renewable energy projects (wind and solar) requiring specialized grouts
- Government initiatives promoting infrastructure development and smart cities
- Increasing need for robust and durable materials for underground infrastructure projects
The Asia-Pacific region is expected to dominate the global market, driven by robust construction activities and growing industrialization in countries like China and India. North America and Europe also represent significant markets, with a focus on sustainable construction practices.
Cementitious Grout Market Product Developments
Recent product innovations focus on enhancing performance characteristics such as improved strength, durability, setting time control, and reduced shrinkage. The incorporation of advanced additives and modified cementitious binders has led to the development of high-performance grouts with superior properties, including enhanced chemical resistance and increased longevity. These developments are designed to meet the specific demands of diverse applications, ensuring a better market fit.
Report Scope & Segmentation Analysis
The report segments the cementitious grout market based on end-use sector: Commercial, Industrial and Institutional, Infrastructure, and Residential.
- Commercial: This segment is characterized by moderate growth, driven by renovations and new construction in commercial buildings. Market size is projected at xx Million in 2025.
- Industrial and Institutional: This segment shows consistent growth due to the need for high-performance grouts in industrial settings. Market size is estimated at xx Million in 2025.
- Infrastructure: This is the fastest-growing segment, fueled by large-scale infrastructure projects globally. Market size is projected at xx Million in 2025.
- Residential: This segment experiences steady growth driven by new home construction and renovation activities. Market size is estimated at xx Million in 2025.
Key Drivers of Cementitious Grout Market Growth
The cementitious grout market is propelled by several key factors. Firstly, the booming global construction industry provides a large and expanding market. Secondly, infrastructure development, particularly in emerging economies, is a major driver of demand. Thirdly, technological advancements leading to improved grout performance characteristics increase its appeal in diverse applications. Lastly, government regulations promoting sustainable construction practices fuel the demand for eco-friendly grout options.
Challenges in the Cementitious Grout Market Sector
The cementitious grout market faces several challenges. Fluctuations in raw material prices can impact production costs and profitability. Intense competition among established players and the emergence of new entrants create pricing pressure. Stringent environmental regulations require companies to invest in developing more sustainable products. Supply chain disruptions, particularly those stemming from geopolitical events, can affect the availability of raw materials and impact production.
Emerging Opportunities in Cementitious Grout Market
Several promising opportunities exist within the cementitious grout market. The expansion of renewable energy projects (e.g., offshore wind turbines) is creating significant demand for specialized grouts. Growing awareness of sustainable construction practices is driving demand for eco-friendly products. Technological advancements offer scope for innovation, leading to improved performance and new applications. Expansion into emerging markets presents substantial growth potential.
Leading Players in the Cementitious Grout Market Market
- Five Star Products Inc
- Arkema
- Saint-Gobain
- RPM International Inc
- MBCC Group
- LATICRETE International Inc
- Don Construction Products Ltd
- Ardex Group
- Sika A
- MAPEI S p A
Key Developments in Cementitious Grout Market Industry
- May 2023: Sika acquired MBCC Group, expanding its market share and product portfolio significantly.
- February 2023: Master Builders Solutions (MBCC Group) opened a new offshore grout production plant in Taiwan, targeting the growing offshore wind energy market.
- November 2022: MAPEI invested in its German subsidiary, Sopro Bauchemie, increasing production capacity and R&D capabilities.
Strategic Outlook for Cementitious Grout Market Market
The future of the cementitious grout market appears bright, driven by continued growth in the construction industry, particularly in infrastructure and renewable energy sectors. Technological innovation, the development of sustainable products, and expansion into emerging markets present significant opportunities for growth. Companies focusing on product differentiation, cost optimization, and strategic acquisitions are well-positioned to capitalize on this market potential.
Cementitious Grout Market Segmentation
-
1. End Use Sector
- 1.1. Commercial
- 1.2. Industrial and Institutional
- 1.3. Infrastructure
- 1.4. Residential
Cementitious Grout Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific

Cementitious Grout 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 > 6.00% 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 Rising Adaption of Magnetic Materials in Power Generation Industry; Increasing Applications in Electronics; Other Drivers
- 3.3. Market Restrains
- 3.3.1. High Cost in Extracting Rare Earth Materials; Other Restraints
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 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. Global Cementitious Grout Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End Use Sector
- 5.1.1. Commercial
- 5.1.2. Industrial and Institutional
- 5.1.3. Infrastructure
- 5.1.4. Residential
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. South America
- 5.2.3. Europe
- 5.2.4. Middle East & Africa
- 5.2.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by End Use Sector
- 6. North America Cementitious Grout Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by End Use Sector
- 6.1.1. Commercial
- 6.1.2. Industrial and Institutional
- 6.1.3. Infrastructure
- 6.1.4. Residential
- 6.1. Market Analysis, Insights and Forecast - by End Use Sector
- 7. South America Cementitious Grout Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by End Use Sector
- 7.1.1. Commercial
- 7.1.2. Industrial and Institutional
- 7.1.3. Infrastructure
- 7.1.4. Residential
- 7.1. Market Analysis, Insights and Forecast - by End Use Sector
- 8. Europe Cementitious Grout Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by End Use Sector
- 8.1.1. Commercial
- 8.1.2. Industrial and Institutional
- 8.1.3. Infrastructure
- 8.1.4. Residential
- 8.1. Market Analysis, Insights and Forecast - by End Use Sector
- 9. Middle East & Africa Cementitious Grout Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by End Use Sector
- 9.1.1. Commercial
- 9.1.2. Industrial and Institutional
- 9.1.3. Infrastructure
- 9.1.4. Residential
- 9.1. Market Analysis, Insights and Forecast - by End Use Sector
- 10. Asia Pacific Cementitious Grout Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by End Use Sector
- 10.1.1. Commercial
- 10.1.2. Industrial and Institutional
- 10.1.3. Infrastructure
- 10.1.4. Residential
- 10.1. Market Analysis, Insights and Forecast - by End Use Sector
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Five Star Products Inc
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Arkema
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Saint-Gobain
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 RPM International Inc
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 MBCC Group
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 LATICRETE International Inc
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Don Construction Products Ltd
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Ardex Group
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Sika A
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 MAPEI S p A
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Five Star Products Inc
List of Figures
- Figure 1: Global Cementitious Grout Market Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America Cementitious Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 3: North America Cementitious Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 4: North America Cementitious Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 5: North America Cementitious Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: South America Cementitious Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 7: South America Cementitious Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 8: South America Cementitious Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 9: South America Cementitious Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Europe Cementitious Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 11: Europe Cementitious Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 12: Europe Cementitious Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 13: Europe Cementitious Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Middle East & Africa Cementitious Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 15: Middle East & Africa Cementitious Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 16: Middle East & Africa Cementitious Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 17: Middle East & Africa Cementitious Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: Asia Pacific Cementitious Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 19: Asia Pacific Cementitious Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 20: Asia Pacific Cementitious Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 21: Asia Pacific Cementitious Grout Market Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Cementitious Grout Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Cementitious Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 3: Global Cementitious Grout Market Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Cementitious Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 5: Global Cementitious Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: United States Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: Canada Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Mexico Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Global Cementitious Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 10: Global Cementitious Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Brazil Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Argentina Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Rest of South America Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Global Cementitious Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 15: Global Cementitious Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: United Kingdom Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 17: Germany Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: France Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: Italy Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Spain Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Russia Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Benelux Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Nordics Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Rest of Europe Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 25: Global Cementitious Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 26: Global Cementitious Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 27: Turkey Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Israel Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 29: GCC Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 30: North Africa Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 31: South Africa Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: Rest of Middle East & Africa Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 33: Global Cementitious Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 34: Global Cementitious Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 35: China Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: India Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 37: Japan Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: South Korea Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 39: ASEAN Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: Oceania Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 41: Rest of Asia Pacific Cementitious Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Cementitious Grout Market?
The projected CAGR is approximately > 6.00%.
2. Which companies are prominent players in the Cementitious Grout Market?
Key companies in the market include Five Star Products Inc, Arkema, Saint-Gobain, RPM International Inc, MBCC Group, LATICRETE International Inc, Don Construction Products Ltd, Ardex Group, Sika A, MAPEI S p A.
3. What are the main segments of the Cementitious Grout Market?
The market segments include End Use Sector.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
The Rising Adaption of Magnetic Materials in Power Generation Industry; Increasing Applications in Electronics; Other Drivers.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
High Cost in Extracting Rare Earth Materials; Other Restraints.
8. Can you provide examples of recent developments in the market?
May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.February 2023: Master Builders Solutions, an MBCC Group brand, inaugurated a new offshore grout production plant in Taichung, Taiwan, in order to meet the ongoing demand of the offshore wind turbine market.November 2022: MAPEI invested in its German subsidiary, Sopro Bauchemie, which manufactures concrete admixtures, anchors & grouts, dry-mix mortars, and waterproofing solutions, to expand its production capacity and upgrade its research and development facilities.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 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.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Cementitious Grout 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 Cementitious Grout 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 Cementitious Grout Market?
To stay informed about further developments, trends, and reports in the Cementitious Grout 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