Key Insights
The North American adhesives market, valued at approximately $15 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.80% from 2025 to 2033. This expansion is driven by several key factors. The burgeoning construction sector, fueled by infrastructure development and residential building projects, significantly contributes to the demand for adhesives. Furthermore, the automotive and aerospace industries rely heavily on high-performance adhesives for bonding lightweight materials and enhancing vehicle efficiency and aircraft design. Growth in the packaging sector, driven by the e-commerce boom and increasing demand for sustainable packaging solutions, further fuels market expansion. Technological advancements, including the development of environmentally friendly water-borne adhesives and innovative hot-melt solutions, are also contributing to market growth. Specific segments like silicone and polyurethane adhesives are experiencing particularly strong growth due to their versatility and performance characteristics across diverse applications. Competitive pressures are shaping the landscape, with established players like Henkel, 3M, and Sika vying for market share alongside emerging companies offering specialized adhesive solutions.
Despite these positive drivers, the market faces certain challenges. Fluctuations in raw material prices, particularly for petroleum-based resins, can impact profitability. Stringent environmental regulations regarding volatile organic compound (VOC) emissions are prompting manufacturers to develop more sustainable alternatives, necessitating substantial R&D investments. However, the long-term outlook remains optimistic, with the North American adhesives market poised for continued expansion driven by the aforementioned growth drivers and adaptation to evolving industry demands. The continued focus on innovation and sustainability will be crucial for companies seeking to thrive in this dynamic market environment.

North America Adhesives Industry: 2019-2033 Market Analysis & Forecast Report
This comprehensive report provides a detailed analysis of the North America adhesives industry, covering market dynamics, trends, leading players, and future outlook. The study period spans 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. This report is crucial for industry stakeholders, investors, and strategic decision-makers seeking actionable insights into this dynamic market. The report covers a market valued at xx Million in 2025 and projected to reach xx Million by 2033, exhibiting a CAGR of xx%.
North America Adhesives Industry Market Dynamics & Concentration
The North American adhesives market is characterized by a moderately concentrated landscape with several major players holding significant market share. Key factors driving market dynamics include ongoing innovation in adhesive technologies, stringent regulatory frameworks concerning environmental impact and safety, the emergence of substitute materials, evolving end-user preferences, and a considerable amount of mergers and acquisitions (M&A) activity.
- Market Concentration: The top five players—including 3M, Henkel AG & Co KGaA, Illinois Tool Works Inc, Dow, and H.B. Fuller Company—hold approximately xx% of the market share in 2025.
- Innovation Drivers: Demand for high-performance, specialized adhesives in sectors such as aerospace and healthcare fuels innovation in areas like bio-based adhesives and advanced bonding technologies.
- Regulatory Frameworks: Regulations regarding VOC emissions and material safety significantly impact product development and manufacturing processes.
- Product Substitutes: The market faces competition from alternative fastening technologies, such as mechanical fasteners and welding, particularly in certain applications.
- End-User Trends: Growth in the construction, automotive, and packaging industries directly correlates with increased adhesive demand.
- M&A Activity: The industry has witnessed xx M&A deals between 2019 and 2024, indicating consolidation and strategic expansion within the sector.
North America Adhesives Industry Industry Trends & Analysis
The North American adhesives market is experiencing robust growth, driven by several key factors. The construction industry's expansion, particularly in residential and commercial building projects, significantly boosts demand. Technological advancements, such as the development of sustainable and high-performance adhesives, also contribute to market expansion. Consumer preferences are shifting towards eco-friendly and easily applicable adhesives, influencing product innovation. Competitive pressures necessitate continuous improvement in adhesive performance, cost-effectiveness, and environmental compatibility. The market penetration of water-borne adhesives is increasing due to their lower environmental impact, furthering this market growth.

Leading Markets & Segments in North America Adhesives Industry
The building and construction segment dominates the North American adhesives market, driven by robust infrastructure development and the growing residential and commercial construction sectors. Within resin types, Polyurethane and Acrylic adhesives hold the largest market share due to their versatility and application across diverse industries. Hot Melt technology is prevalent due to its speed and ease of application in high-volume manufacturing processes.
- Key Drivers for Building & Construction:
- Government investments in infrastructure projects.
- Expansion of the residential construction sector.
- Growing demand for sustainable building materials.
- Dominance Analysis: The building and construction sector's dominance is attributable to its high volume of adhesive consumption across diverse applications, from bonding structural elements to interior finishing. The versatility and performance characteristics of polyurethane and acrylic resins further solidify their market leadership.
North America Adhesives Industry Product Developments
Recent product developments focus on enhancing adhesive performance, sustainability, and ease of application. Innovations include bio-based adhesives with reduced environmental impact, high-strength adhesives for demanding applications, and adhesives designed for specific end-user needs. These developments directly address market trends and consumer preferences, providing competitive advantages to manufacturers.
Key Drivers of North America Adhesives Industry Growth
Several factors are driving the growth of the North American adhesives market. Firstly, the robust growth of the construction and automotive sectors creates a significant demand for adhesives. Secondly, technological advancements, particularly in the development of high-performance and sustainable adhesives, are expanding the market’s applications. Lastly, favorable government policies promoting infrastructure development and sustainable building practices also contribute to market growth.
Challenges in the North America Adhesives Industry Market
The North American adhesives industry faces challenges such as fluctuating raw material prices, stringent environmental regulations, and intense competition. These factors can impact production costs, limit product development options, and affect market profitability. Supply chain disruptions also pose a significant threat to production and timely delivery of products.
Emerging Opportunities in North America Adhesives Industry
Emerging opportunities lie in the development of bio-based adhesives, advanced bonding technologies for specialized applications, and expanding into high-growth markets such as renewable energy and medical devices. Strategic partnerships and collaborations within the industry can also unlock significant growth opportunities.
Leading Players in the North America Adhesives Industry Sector
- Henkel AG & Co KGaA
- 3M
- Illinois Tool Works Inc
- Arkema Group
- Dow
- H B Fuller Company
- MAPEI S p A
- Pecora Corporation
- Sika AG
- AVERY DENNISON CORPORATION
- RPM International
Key Milestones in North America Adhesives Industry Industry
- July 2021: H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives. This significantly enhanced their product portfolio and market competitiveness in the sustainable adhesives segment.
- January 2021: Huntsman Corporation acquired Gabriel Performance Products, expanding their presence in specialty additives and epoxy curing agents. This acquisition strengthened their position in the market and broadened their product offerings.
Strategic Outlook for North America Adhesives Industry Market
The North American adhesives market is poised for sustained growth, driven by technological advancements, increasing demand from key end-use sectors, and favorable regulatory policies promoting sustainable development. Strategic opportunities exist in developing innovative adhesive solutions for emerging applications and focusing on sustainability to meet growing environmental concerns. Companies that can adapt to changing market dynamics and invest in research and development will be well-positioned to capture significant market share in the coming years.
North America Adhesives Industry Segmentation
-
1. Resin Type
- 1.1. Silicone
- 1.2. Polyurethane
- 1.3. Acrylic
- 1.4. Epoxy
- 1.5. Cyanoacrylate
- 1.6. VAE/EVA
- 1.7. Other Resin Types
-
2. Technology
- 2.1. Water-borne
- 2.2. Solvent-borne
- 2.3. Reactive
- 2.4. Hot Melt
- 2.5. Other Technologies
-
3. Application
- 3.1. Building and Construction
- 3.2. Aerospace
- 3.3. Automotive
- 3.4. Footwear and Leather
- 3.5. Healthcare
- 3.6. Packaging
- 3.7. Woodwork and Joinery
- 3.8. Other Applications
-
4. Geography
- 4.1. United States
- 4.2. Canada
- 4.3. Mexico
- 4.4. Rest of North America
North America Adhesives Industry Segmentation By Geography
- 1. United States
- 2. Canada
- 3. Mexico
- 4. Rest of North America

North America Adhesives Industry 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 5.80% 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. Rising Demand from Packaging Industry; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Strict Regulations on the Usage of VOC-free Contents; Other Restraints
- 3.4. Market Trends
- 3.4.1. Increasing Demand from Packaging Industry
- 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 Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Resin Type
- 5.1.1. Silicone
- 5.1.2. Polyurethane
- 5.1.3. Acrylic
- 5.1.4. Epoxy
- 5.1.5. Cyanoacrylate
- 5.1.6. VAE/EVA
- 5.1.7. Other Resin Types
- 5.2. Market Analysis, Insights and Forecast - by Technology
- 5.2.1. Water-borne
- 5.2.2. Solvent-borne
- 5.2.3. Reactive
- 5.2.4. Hot Melt
- 5.2.5. Other Technologies
- 5.3. Market Analysis, Insights and Forecast - by Application
- 5.3.1. Building and Construction
- 5.3.2. Aerospace
- 5.3.3. Automotive
- 5.3.4. Footwear and Leather
- 5.3.5. Healthcare
- 5.3.6. Packaging
- 5.3.7. Woodwork and Joinery
- 5.3.8. Other Applications
- 5.4. Market Analysis, Insights and Forecast - by Geography
- 5.4.1. United States
- 5.4.2. Canada
- 5.4.3. Mexico
- 5.4.4. Rest of North America
- 5.5. Market Analysis, Insights and Forecast - by Region
- 5.5.1. United States
- 5.5.2. Canada
- 5.5.3. Mexico
- 5.5.4. Rest of North America
- 5.1. Market Analysis, Insights and Forecast - by Resin Type
- 6. United States North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Resin Type
- 6.1.1. Silicone
- 6.1.2. Polyurethane
- 6.1.3. Acrylic
- 6.1.4. Epoxy
- 6.1.5. Cyanoacrylate
- 6.1.6. VAE/EVA
- 6.1.7. Other Resin Types
- 6.2. Market Analysis, Insights and Forecast - by Technology
- 6.2.1. Water-borne
- 6.2.2. Solvent-borne
- 6.2.3. Reactive
- 6.2.4. Hot Melt
- 6.2.5. Other Technologies
- 6.3. Market Analysis, Insights and Forecast - by Application
- 6.3.1. Building and Construction
- 6.3.2. Aerospace
- 6.3.3. Automotive
- 6.3.4. Footwear and Leather
- 6.3.5. Healthcare
- 6.3.6. Packaging
- 6.3.7. Woodwork and Joinery
- 6.3.8. Other Applications
- 6.4. Market Analysis, Insights and Forecast - by Geography
- 6.4.1. United States
- 6.4.2. Canada
- 6.4.3. Mexico
- 6.4.4. Rest of North America
- 6.1. Market Analysis, Insights and Forecast - by Resin Type
- 7. Canada North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Resin Type
- 7.1.1. Silicone
- 7.1.2. Polyurethane
- 7.1.3. Acrylic
- 7.1.4. Epoxy
- 7.1.5. Cyanoacrylate
- 7.1.6. VAE/EVA
- 7.1.7. Other Resin Types
- 7.2. Market Analysis, Insights and Forecast - by Technology
- 7.2.1. Water-borne
- 7.2.2. Solvent-borne
- 7.2.3. Reactive
- 7.2.4. Hot Melt
- 7.2.5. Other Technologies
- 7.3. Market Analysis, Insights and Forecast - by Application
- 7.3.1. Building and Construction
- 7.3.2. Aerospace
- 7.3.3. Automotive
- 7.3.4. Footwear and Leather
- 7.3.5. Healthcare
- 7.3.6. Packaging
- 7.3.7. Woodwork and Joinery
- 7.3.8. Other Applications
- 7.4. Market Analysis, Insights and Forecast - by Geography
- 7.4.1. United States
- 7.4.2. Canada
- 7.4.3. Mexico
- 7.4.4. Rest of North America
- 7.1. Market Analysis, Insights and Forecast - by Resin Type
- 8. Mexico North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Resin Type
- 8.1.1. Silicone
- 8.1.2. Polyurethane
- 8.1.3. Acrylic
- 8.1.4. Epoxy
- 8.1.5. Cyanoacrylate
- 8.1.6. VAE/EVA
- 8.1.7. Other Resin Types
- 8.2. Market Analysis, Insights and Forecast - by Technology
- 8.2.1. Water-borne
- 8.2.2. Solvent-borne
- 8.2.3. Reactive
- 8.2.4. Hot Melt
- 8.2.5. Other Technologies
- 8.3. Market Analysis, Insights and Forecast - by Application
- 8.3.1. Building and Construction
- 8.3.2. Aerospace
- 8.3.3. Automotive
- 8.3.4. Footwear and Leather
- 8.3.5. Healthcare
- 8.3.6. Packaging
- 8.3.7. Woodwork and Joinery
- 8.3.8. Other Applications
- 8.4. Market Analysis, Insights and Forecast - by Geography
- 8.4.1. United States
- 8.4.2. Canada
- 8.4.3. Mexico
- 8.4.4. Rest of North America
- 8.1. Market Analysis, Insights and Forecast - by Resin Type
- 9. Rest of North America North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Resin Type
- 9.1.1. Silicone
- 9.1.2. Polyurethane
- 9.1.3. Acrylic
- 9.1.4. Epoxy
- 9.1.5. Cyanoacrylate
- 9.1.6. VAE/EVA
- 9.1.7. Other Resin Types
- 9.2. Market Analysis, Insights and Forecast - by Technology
- 9.2.1. Water-borne
- 9.2.2. Solvent-borne
- 9.2.3. Reactive
- 9.2.4. Hot Melt
- 9.2.5. Other Technologies
- 9.3. Market Analysis, Insights and Forecast - by Application
- 9.3.1. Building and Construction
- 9.3.2. Aerospace
- 9.3.3. Automotive
- 9.3.4. Footwear and Leather
- 9.3.5. Healthcare
- 9.3.6. Packaging
- 9.3.7. Woodwork and Joinery
- 9.3.8. Other Applications
- 9.4. Market Analysis, Insights and Forecast - by Geography
- 9.4.1. United States
- 9.4.2. Canada
- 9.4.3. Mexico
- 9.4.4. Rest of North America
- 9.1. Market Analysis, Insights and Forecast - by Resin Type
- 10. United States North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 11. Canada North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 12. Mexico North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 13. Rest of North America North America Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 14. Competitive Analysis
- 14.1. Market Share Analysis 2024
- 14.2. Company Profiles
- 14.2.1 Henkel AG & Co KGaA*List Not Exhaustive
- 14.2.1.1. Overview
- 14.2.1.2. Products
- 14.2.1.3. SWOT Analysis
- 14.2.1.4. Recent Developments
- 14.2.1.5. Financials (Based on Availability)
- 14.2.2 3M
- 14.2.2.1. Overview
- 14.2.2.2. Products
- 14.2.2.3. SWOT Analysis
- 14.2.2.4. Recent Developments
- 14.2.2.5. Financials (Based on Availability)
- 14.2.3 Illinois Tool Works Inc
- 14.2.3.1. Overview
- 14.2.3.2. Products
- 14.2.3.3. SWOT Analysis
- 14.2.3.4. Recent Developments
- 14.2.3.5. Financials (Based on Availability)
- 14.2.4 Arkema Group
- 14.2.4.1. Overview
- 14.2.4.2. Products
- 14.2.4.3. SWOT Analysis
- 14.2.4.4. Recent Developments
- 14.2.4.5. Financials (Based on Availability)
- 14.2.5 Dow
- 14.2.5.1. Overview
- 14.2.5.2. Products
- 14.2.5.3. SWOT Analysis
- 14.2.5.4. Recent Developments
- 14.2.5.5. Financials (Based on Availability)
- 14.2.6 H B Fuller Company
- 14.2.6.1. Overview
- 14.2.6.2. Products
- 14.2.6.3. SWOT Analysis
- 14.2.6.4. Recent Developments
- 14.2.6.5. Financials (Based on Availability)
- 14.2.7 MAPEI S p A
- 14.2.7.1. Overview
- 14.2.7.2. Products
- 14.2.7.3. SWOT Analysis
- 14.2.7.4. Recent Developments
- 14.2.7.5. Financials (Based on Availability)
- 14.2.8 Pecora Corporation
- 14.2.8.1. Overview
- 14.2.8.2. Products
- 14.2.8.3. SWOT Analysis
- 14.2.8.4. Recent Developments
- 14.2.8.5. Financials (Based on Availability)
- 14.2.9 Sika AG
- 14.2.9.1. Overview
- 14.2.9.2. Products
- 14.2.9.3. SWOT Analysis
- 14.2.9.4. Recent Developments
- 14.2.9.5. Financials (Based on Availability)
- 14.2.10 AVERY DENNISON CORPORATION
- 14.2.10.1. Overview
- 14.2.10.2. Products
- 14.2.10.3. SWOT Analysis
- 14.2.10.4. Recent Developments
- 14.2.10.5. Financials (Based on Availability)
- 14.2.11 RPM International
- 14.2.11.1. Overview
- 14.2.11.2. Products
- 14.2.11.3. SWOT Analysis
- 14.2.11.4. Recent Developments
- 14.2.11.5. Financials (Based on Availability)
- 14.2.1 Henkel AG & Co KGaA*List Not Exhaustive
List of Figures
- Figure 1: North America Adhesives Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: North America Adhesives Industry Share (%) by Company 2024
List of Tables
- Table 1: North America Adhesives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: North America Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 3: North America Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 4: North America Adhesives Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 5: North America Adhesives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 6: North America Adhesives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 7: North America Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 8: United States North America Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Canada North America Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Mexico North America Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Rest of North America North America Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: North America Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 13: North America Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 14: North America Adhesives Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 15: North America Adhesives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 16: North America Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 17: North America Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 18: North America Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 19: North America Adhesives Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 20: North America Adhesives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 21: North America Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: North America Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 23: North America Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 24: North America Adhesives Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 25: North America Adhesives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 26: North America Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 27: North America Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 28: North America Adhesives Industry Revenue Million Forecast, by Technology 2019 & 2032
- Table 29: North America Adhesives Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 30: North America Adhesives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 31: North America Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Adhesives Industry?
The projected CAGR is approximately 5.80%.
2. Which companies are prominent players in the North America Adhesives Industry?
Key companies in the market include Henkel AG & Co KGaA*List Not Exhaustive, 3M, Illinois Tool Works Inc, Arkema Group, Dow, H B Fuller Company, MAPEI S p A, Pecora Corporation, Sika AG, AVERY DENNISON CORPORATION, RPM International.
3. What are the main segments of the North America Adhesives Industry?
The market segments include Resin Type, Technology, Application, Geography.
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?
Rising Demand from Packaging Industry; Other Drivers.
6. What are the notable trends driving market growth?
Increasing Demand from Packaging Industry.
7. Are there any restraints impacting market growth?
Strict Regulations on the Usage of VOC-free Contents; Other Restraints.
8. Can you provide examples of recent developments in the market?
In July 2021, H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
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.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Adhesives Industry," 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 Adhesives Industry 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 Adhesives Industry?
To stay informed about further developments, trends, and reports in the North America Adhesives Industry, 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