Key Insights
The global epoxy grout market is experiencing robust growth, driven by a CAGR exceeding 6% from 2019 to 2033. This expansion is fueled by several key factors. The increasing demand for high-performance grouts in diverse construction projects across commercial, industrial, institutional, infrastructure, and residential sectors is a major catalyst. The superior properties of epoxy grout, including its high strength, durability, chemical resistance, and aesthetic appeal, make it a preferred choice over traditional cement-based grouts, particularly in demanding applications such as large-format tile installations and demanding industrial settings. Furthermore, the growing focus on sustainable construction practices is indirectly boosting market growth, as epoxy grouts offer long-term durability, reducing the need for frequent replacements and minimizing lifecycle costs. Key players like Five Star Products Inc, Arkema, Saint-Gobain, RPM International Inc, MBCC Group, LATICRETE International Inc, Don Construction Products Ltd, Ardex Group, Sika AG, and MAPEI S.p.A. are actively contributing to market expansion through product innovation and strategic partnerships.
Growth is expected to be particularly strong in regions with significant infrastructure development and burgeoning construction activities. While precise regional breakdowns are unavailable, North America and Europe are likely to maintain substantial market shares due to their well-established construction industries and high adoption rates of advanced construction materials. However, developing economies in Asia-Pacific and other regions are anticipated to witness faster growth rates in the coming years driven by rising urbanization and investments in infrastructure projects. Challenges to market growth may include fluctuating raw material prices and potential environmental concerns related to the manufacturing and disposal of epoxy grouts. However, innovation in sustainable epoxy grout formulations and the development of recycling programs are mitigating these concerns. Overall, the long-term outlook for the epoxy grout market remains positive, with continued growth expected throughout the forecast period.

Epoxy Grout Market: A Comprehensive Report (2019-2033)
This insightful report provides a detailed analysis of the Epoxy Grout Market, offering a comprehensive overview of its current state, future trajectory, and key players. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. The report leverages rigorous market research methodologies to provide stakeholders with actionable intelligence for strategic decision-making. The global market is projected to reach xx Million by 2033, showcasing substantial growth potential.
Epoxy Grout Market Composition & Trends
This section dissects the competitive landscape of the epoxy grout market, examining market concentration, innovation drivers, regulatory frameworks, substitute product analysis, end-user profiles, and significant mergers and acquisitions (M&A) activities. The report analyzes the market share distribution among key players, revealing a moderately concentrated market with a few dominant players and several niche competitors. Data on M&A deal values will be provided, revealing trends in market consolidation.
- Market Concentration: The market exhibits moderate concentration, with the top five players holding an estimated xx% market share in 2025.
- Innovation Catalysts: Advancements in polymer chemistry and the growing demand for high-performance grouts are driving innovation.
- Regulatory Landscape: Building codes and environmental regulations significantly influence product development and market access.
- Substitute Products: Cement-based grouts pose a major competitive threat, although epoxy grouts' superior properties often justify the higher cost.
- End-User Profiles: Detailed profiles of end-users across Commercial, Industrial and Institutional, Infrastructure, and Residential sectors are included, highlighting their specific needs and preferences.
- M&A Activities: The report details significant M&A activities, including deal values and their impact on market dynamics. Recent transactions involving major players like Sika and MAPEI are thoroughly analyzed.

Epoxy Grout Market Industry Evolution
This in-depth section traces the evolution of the epoxy grout market, analyzing its growth trajectory, technological advancements, and evolving consumer preferences. The report uses historical data from 2019-2024 to establish a robust baseline and projects future growth rates through 2033. Specific data points illustrating growth rates, market penetration, and adoption metrics will be provided for various segments. Key factors driving market expansion, including the rising construction activity in emerging economies and the increasing adoption of sustainable construction practices, are meticulously examined. Technological advancements such as the development of self-leveling grouts and improved curing technologies are also discussed.
Leading Regions, Countries, or Segments in Epoxy Grout Market
This section pinpoints the leading regions, countries, and end-use sectors within the epoxy grout market. A detailed examination reveals the dominant segment and its underlying drivers.
- Dominant Segment: The [Commercial, Industrial and Institutional] sector is currently the largest segment, driven by strong demand from infrastructure projects and commercial building construction.
Key Drivers (across all segments):
- Robust infrastructure development initiatives.
- Growth of the construction industry.
- Stringent building codes and safety regulations.
- Increasing adoption of sustainable construction practices.
The report explores factors contributing to the dominance of the leading segment, including investment trends, government policies, and technological advancements tailored to specific applications. Regional variations in market growth are also analyzed.
Epoxy Grout Market Product Innovations
This section highlights recent product innovations, applications, and performance metrics of epoxy grouts. The focus is on unique selling propositions and technological advancements, such as enhanced durability, improved chemical resistance, and faster curing times, which offer superior performance compared to traditional grouts. The development of specialized grouts for specific applications, like those used in high-vibration environments or those with antimicrobial properties, are detailed.
Propelling Factors for Epoxy Grout Market Growth
Several key factors are propelling the growth of the epoxy grout market. These include the rising construction activities globally, particularly in developing nations, and the increasing demand for high-performance construction materials that offer superior durability and aesthetics. Government initiatives promoting infrastructure development and stringent building regulations also positively impact market growth. Furthermore, advancements in material science leading to improved epoxy grout formulations contribute to expanding market opportunities.
Obstacles in the Epoxy Grout Market
Despite the promising growth prospects, the epoxy grout market faces certain challenges. Fluctuations in raw material prices, particularly epoxy resins, can significantly impact production costs and profitability. Supply chain disruptions, often exacerbated by geopolitical events, can hinder the availability of essential raw materials. Furthermore, intense competition from alternative grouts and the need to comply with ever-stricter environmental regulations present ongoing challenges for market players.
Future Opportunities in Epoxy Grout Market
Future opportunities in the epoxy grout market lie in the expansion into emerging economies, particularly in Asia and Africa, where substantial infrastructure development is underway. The growing adoption of sustainable construction practices presents significant potential for eco-friendly epoxy grout formulations. Furthermore, the development of innovative applications, such as specialized grouts for renewable energy infrastructure projects (e.g., wind turbines) and advanced construction techniques, offers lucrative opportunities for market growth.
Major Players in the Epoxy Grout Market Ecosystem
- Five Star Products Inc
- Arkema (Arkema)
- Saint-Gobain (Saint-Gobain)
- RPM International Inc (RPM International Inc)
- MBCC Group
- LATICRETE International Inc (LATICRETE International Inc)
- Don Construction Products Ltd
- Ardex Group (Ardex Group)
- Sika A (Sika)
- MAPEI S p A (MAPEI)
Key Developments in Epoxy Grout Market Industry
- May 2023: Sika's acquisition of MBCC Group significantly reshapes the market landscape, expanding Sika's portfolio and market share.
- February 2023: Master Builders Solutions' new plant in Taiwan highlights the growing demand for epoxy grout in the offshore wind energy sector.
- November 2022: MAPEI's investment in Sopro Bauchemie boosts production capacity and R&D capabilities, strengthening its position in the market.
Strategic Epoxy Grout Market Forecast
The epoxy grout market is poised for robust growth over the forecast period (2025-2033), driven by strong demand from various end-use sectors, particularly infrastructure and construction. Continued innovation in material science, the adoption of sustainable construction practices, and favorable government policies will further fuel market expansion. Emerging applications in renewable energy infrastructure and advanced construction techniques will create new growth avenues. The market is expected to exhibit a compound annual growth rate (CAGR) of xx% during the forecast period, reaching a market size of xx Million by 2033.
Epoxy Grout Market Segmentation
-
1. End Use Sector
- 1.1. Commercial
- 1.2. Industrial and Institutional
- 1.3. Infrastructure
- 1.4. Residential
Epoxy 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

Epoxy 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. Growing Awareness about the Advantages of Industrial Flooring; Increasing Demand from the Food & Beverages Industry
- 3.3. Market Restrains
- 3.3.1. Stringent Regulations on VOCs Released from Industrial Floorings
- 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 Epoxy 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 Epoxy 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 Epoxy 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 Epoxy 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 Epoxy 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 Epoxy 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 Epoxy Grout Market Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America Epoxy Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 3: North America Epoxy Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 4: North America Epoxy Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 5: North America Epoxy Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: South America Epoxy Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 7: South America Epoxy Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 8: South America Epoxy Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 9: South America Epoxy Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Europe Epoxy Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 11: Europe Epoxy Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 12: Europe Epoxy Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 13: Europe Epoxy Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 14: Middle East & Africa Epoxy Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 15: Middle East & Africa Epoxy Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 16: Middle East & Africa Epoxy Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 17: Middle East & Africa Epoxy Grout Market Revenue Share (%), by Country 2024 & 2032
- Figure 18: Asia Pacific Epoxy Grout Market Revenue (Million), by End Use Sector 2024 & 2032
- Figure 19: Asia Pacific Epoxy Grout Market Revenue Share (%), by End Use Sector 2024 & 2032
- Figure 20: Asia Pacific Epoxy Grout Market Revenue (Million), by Country 2024 & 2032
- Figure 21: Asia Pacific Epoxy Grout Market Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Epoxy Grout Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Epoxy Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 3: Global Epoxy Grout Market Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Epoxy Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 5: Global Epoxy Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: United States Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: Canada Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Mexico Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Global Epoxy Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 10: Global Epoxy Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Brazil Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Argentina Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Rest of South America Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Global Epoxy Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 15: Global Epoxy Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: United Kingdom Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 17: Germany Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: France Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: Italy Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Spain Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Russia Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Benelux Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Nordics Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Rest of Europe Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 25: Global Epoxy Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 26: Global Epoxy Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 27: Turkey Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Israel Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 29: GCC Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 30: North Africa Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 31: South Africa Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: Rest of Middle East & Africa Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 33: Global Epoxy Grout Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 34: Global Epoxy Grout Market Revenue Million Forecast, by Country 2019 & 2032
- Table 35: China Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: India Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 37: Japan Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: South Korea Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 39: ASEAN Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: Oceania Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 41: Rest of Asia Pacific Epoxy Grout Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Epoxy Grout Market?
The projected CAGR is approximately > 6.00%.
2. Which companies are prominent players in the Epoxy 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 Epoxy 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?
Growing Awareness about the Advantages of Industrial Flooring; Increasing Demand from the Food & Beverages Industry.
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?
Stringent Regulations on VOCs Released from Industrial Floorings.
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 "Epoxy 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 Epoxy 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 Epoxy Grout Market?
To stay informed about further developments, trends, and reports in the Epoxy 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