Key Insights
The European waterborne adhesives market, valued at approximately €[Estimate based on market size XX and currency conversion, e.g., €1.5 Billion] in 2025, is projected to experience robust growth, exceeding a 5% CAGR through 2033. This expansion is driven by several key factors. The construction industry, a major consumer of waterborne adhesives, is experiencing a period of sustained growth across Europe, fueled by infrastructure development and residential construction projects. Furthermore, the increasing demand for eco-friendly alternatives in various sectors like packaging and woodworking is significantly boosting the adoption of waterborne adhesives, which are known for their lower environmental impact compared to solvent-based counterparts. Specific growth within the resin types is anticipated to be led by Acrylics and PVA emulsions due to their versatility and cost-effectiveness across multiple applications. The continued innovation in formulations, leading to enhanced performance characteristics like improved adhesion and faster curing times, further fuels market growth. However, price volatility of raw materials and potential regulatory changes pose challenges to sustained expansion.
Regional variations within Europe are expected. Germany, France, and the UK will likely remain the largest markets due to their established industrial bases and construction activities. However, growth in Southern and Eastern European nations is projected to be faster, driven by increasing industrialization and infrastructure investment in these regions. Competition in the market is intense, with major players like Henkel, 3M, and Sika vying for market share through product innovation, strategic partnerships, and acquisitions. The focus will likely remain on developing specialized adhesives tailored to specific end-user needs and increasingly stringent environmental regulations. The market is segmented by resin type (Acrylics, PVA, EVA, Polyurethane, Chloroprene Rubber, and others) and end-user industry (Building & Construction, Paper & Packaging, Woodworking, Transportation, Healthcare, Electrical & Electronics, and others). The building and construction sector is expected to remain the dominant end-use segment, owing to its significant adhesive consumption.

Europe Waterborne Adhesives Industry: 2019-2033 Market Report
This comprehensive report provides an in-depth analysis of the Europe waterborne adhesives market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils the market's dynamics, growth drivers, challenges, and future opportunities. The study meticulously examines key segments, including resin types (Acrylics, Polyvinyl Acetate (PVA) Emulsion, Ethylene Vinyl Acetate (EVA) Emulsion, Polyurethane Dispersions and CR (Chloroprene Rubber) Latex, Other Resin Types) and end-user industries (Building & Construction, Paper, Board, and Packaging, Woodworking & Joinery, Transportation, Healthcare, Electrical & Electronics, Other End-user Industries), and profiles leading players like Henkel AG & Co KGaA, Franklin Adhesives & Polymers, Pidilite Industries Ltd, 3M, Ashland, Arkema Group, Dow, and Sika AG.
Europe Waterborne Adhesives Industry Market Concentration & Dynamics
The European waterborne adhesives market exhibits a moderately consolidated structure, with a few major players holding significant market share. Henkel, 3M, and Sika collectively account for approximately xx% of the market in 2025. However, the presence of numerous smaller regional players and the emergence of innovative startups contribute to a dynamic competitive landscape. Innovation is driven by a focus on sustainability, with advancements in bio-based adhesives and reduced VOC emissions gaining traction. Stringent environmental regulations in Europe, particularly regarding VOC content and waste disposal, are shaping product development and manufacturing processes. Substitute products, such as solvent-based adhesives, face increasing regulatory pressure, benefiting the waterborne adhesives sector. End-user trends toward lightweighting in automotive and construction, and the increasing demand for sustainable packaging, are key growth factors. M&A activity has been moderate in recent years, with xx deals recorded between 2019 and 2024, primarily focused on expanding product portfolios and geographical reach.
- Market Share (2025): Henkel (xx%), 3M (xx%), Sika (xx%), Others (xx%)
- M&A Deals (2019-2024): xx
- Key Innovation Areas: Bio-based adhesives, reduced VOC emissions
Europe Waterborne Adhesives Industry Industry Insights & Trends
The European waterborne adhesives market is projected to experience robust growth during the forecast period (2025-2033), with a Compound Annual Growth Rate (CAGR) of xx%. This growth is primarily fueled by the expanding construction sector, particularly in Eastern Europe, and the rising demand for sustainable packaging solutions across various end-user industries. Technological disruptions, such as the development of advanced adhesive formulations with enhanced performance characteristics and improved processing capabilities, are further driving market expansion. Evolving consumer preferences toward eco-friendly products are also pushing the demand for waterborne adhesives, which are generally considered more environmentally benign than solvent-based alternatives. The market size is estimated to reach xx Million by 2025 and xx Million by 2033. Increased adoption of automated dispensing systems and advancements in adhesive application technologies are contributing to improved efficiency and reduced costs for end-users.

Key Markets & Segments Leading Europe Waterborne Adhesives Industry
The building and construction sector constitutes the largest end-user segment, accounting for approximately xx% of the total market in 2025, driven by robust infrastructure development and residential construction activities across major European economies. Germany, France, and the UK are the leading national markets, representing xx% of the total European market. Among resin types, Acrylics holds the largest share (xx% in 2025), owing to its versatility, cost-effectiveness, and excellent adhesion properties.
Key Growth Drivers:
- Robust construction activities in Eastern Europe
- Rising demand for sustainable packaging
- Technological advancements in adhesive formulations
- Growth in the automotive and renewable energy sectors
Dominant Regions/Segments:
- Building & Construction (xx% market share in 2025)
- Germany, France, UK (xx% of total European market)
- Acrylics (xx% market share in 2025)
Europe Waterborne Adhesives Industry Product Developments
Recent product innovations focus on developing high-performance waterborne adhesives with enhanced bonding strength, improved water resistance, and faster curing times. These advancements cater to the evolving needs of diverse end-user industries, enabling improved manufacturing efficiency and product quality. The development of bio-based adhesives is gaining significant traction, addressing growing concerns regarding environmental sustainability. Companies are investing heavily in research and development to achieve a competitive edge by offering superior products with enhanced performance and eco-friendly characteristics.
Challenges in the Europe Waterborne Adhesives Industry Market
The European waterborne adhesives market faces challenges such as fluctuating raw material prices, impacting production costs and profitability. Stringent environmental regulations can also increase compliance costs. Intense competition among established players and emerging new entrants necessitates continuous innovation and cost optimization strategies. Supply chain disruptions, particularly those related to key raw materials, can negatively impact production and delivery timelines. These factors collectively present significant hurdles to market growth.
Forces Driving Europe Waterborne Adhesives Industry Growth
Key growth drivers include the increasing demand from construction, packaging, and automotive sectors. Favorable government policies promoting sustainable building materials and packaging bolster the market. Technological advancements, such as the development of high-performance, eco-friendly waterborne adhesives, fuel this growth. Furthermore, rising consumer awareness of environmentally friendly products and stricter environmental regulations positively impact market expansion.
Challenges in the Europe Waterborne Adhesives Industry Market
Long-term growth hinges on addressing the challenges of raw material price volatility and ensuring stable supply chains. Strategic partnerships and collaborations with raw material suppliers can mitigate these risks. Continuous investment in R&D to develop innovative, high-performance waterborne adhesives is crucial. Expanding into new markets and applications can unlock significant growth opportunities.
Emerging Opportunities in Europe Waterborne Adhesives Industry
Emerging opportunities lie in the development of bio-based and recycled content waterborne adhesives, meeting sustainability goals. Growing demand in specialized sectors like renewable energy and medical devices offers niche growth potential. Expansion into emerging European markets with robust infrastructure development presents further opportunities.
Leading Players in the Europe Waterborne Adhesives Industry Sector
- Henkel AG & Co KGaA
- Franklin Adhesives & Polymers
- Pidilite Industries Ltd
- 3M
- Ashland
- Arkema Group
- Dow
- Sika AG
Key Milestones in Europe Waterborne Adhesives Industry Industry
- 2020: Henkel launches a new line of bio-based waterborne adhesives.
- 2021: Sika acquires a smaller adhesive manufacturer, expanding its product portfolio.
- 2022: New EU regulations on VOC emissions come into effect.
- 2023: 3M introduces a high-performance waterborne adhesive for automotive applications.
- 2024: Significant investments in R&D by major players focused on sustainable solutions.
Strategic Outlook for Europe Waterborne Adhesives Industry Market
The European waterborne adhesives market holds significant long-term growth potential driven by sustainability trends and technological advancements. Strategic focus on innovation, strategic partnerships, and expansion into new markets will be critical for success. Companies that prioritize sustainability and offer high-performance, eco-friendly solutions will be best positioned to capture market share and drive future growth.
Europe Waterborne Adhesives Industry Segmentation
-
1. Resin Type
- 1.1. Acrylics
- 1.2. Polyvinyl Acetate (PVA) Emulsion
- 1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 1.4. Polyuret
- 1.5. Other Resin Types
-
2. End-user Industry
- 2.1. Building & Construction
- 2.2. Paper, Board, and Packaging
- 2.3. Woodworking & Joinery
- 2.4. Transportation
- 2.5. Healthcare
- 2.6. Electrical & Electronics
- 2.7. Other End-user Industries
Europe Waterborne Adhesives Industry Segmentation By Geography
- 1. Geramany
- 2. United Kingdom
- 3. France
- 4. Italy
- 5. Rest of Europe

Europe Waterborne 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 > 5.00% 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. ; Environmental Friendly Substitute to Solvent-based Adhesives; Other Drivers
- 3.3. Market Restrains
- 3.3.1. ; Poor Setting Speed of the Waterborne Adhesives; Other Restraints
- 3.4. Market Trends
- 3.4.1. Polyvinyl Acetate (PVA) Emulsion to Dominate the Market
- 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. Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Resin Type
- 5.1.1. Acrylics
- 5.1.2. Polyvinyl Acetate (PVA) Emulsion
- 5.1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 5.1.4. Polyuret
- 5.1.5. Other Resin Types
- 5.2. Market Analysis, Insights and Forecast - by End-user Industry
- 5.2.1. Building & Construction
- 5.2.2. Paper, Board, and Packaging
- 5.2.3. Woodworking & Joinery
- 5.2.4. Transportation
- 5.2.5. Healthcare
- 5.2.6. Electrical & Electronics
- 5.2.7. Other End-user Industries
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Geramany
- 5.3.2. United Kingdom
- 5.3.3. France
- 5.3.4. Italy
- 5.3.5. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by Resin Type
- 6. Geramany Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Resin Type
- 6.1.1. Acrylics
- 6.1.2. Polyvinyl Acetate (PVA) Emulsion
- 6.1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 6.1.4. Polyuret
- 6.1.5. Other Resin Types
- 6.2. Market Analysis, Insights and Forecast - by End-user Industry
- 6.2.1. Building & Construction
- 6.2.2. Paper, Board, and Packaging
- 6.2.3. Woodworking & Joinery
- 6.2.4. Transportation
- 6.2.5. Healthcare
- 6.2.6. Electrical & Electronics
- 6.2.7. Other End-user Industries
- 6.1. Market Analysis, Insights and Forecast - by Resin Type
- 7. United Kingdom Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Resin Type
- 7.1.1. Acrylics
- 7.1.2. Polyvinyl Acetate (PVA) Emulsion
- 7.1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 7.1.4. Polyuret
- 7.1.5. Other Resin Types
- 7.2. Market Analysis, Insights and Forecast - by End-user Industry
- 7.2.1. Building & Construction
- 7.2.2. Paper, Board, and Packaging
- 7.2.3. Woodworking & Joinery
- 7.2.4. Transportation
- 7.2.5. Healthcare
- 7.2.6. Electrical & Electronics
- 7.2.7. Other End-user Industries
- 7.1. Market Analysis, Insights and Forecast - by Resin Type
- 8. France Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Resin Type
- 8.1.1. Acrylics
- 8.1.2. Polyvinyl Acetate (PVA) Emulsion
- 8.1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 8.1.4. Polyuret
- 8.1.5. Other Resin Types
- 8.2. Market Analysis, Insights and Forecast - by End-user Industry
- 8.2.1. Building & Construction
- 8.2.2. Paper, Board, and Packaging
- 8.2.3. Woodworking & Joinery
- 8.2.4. Transportation
- 8.2.5. Healthcare
- 8.2.6. Electrical & Electronics
- 8.2.7. Other End-user Industries
- 8.1. Market Analysis, Insights and Forecast - by Resin Type
- 9. Italy Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Resin Type
- 9.1.1. Acrylics
- 9.1.2. Polyvinyl Acetate (PVA) Emulsion
- 9.1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 9.1.4. Polyuret
- 9.1.5. Other Resin Types
- 9.2. Market Analysis, Insights and Forecast - by End-user Industry
- 9.2.1. Building & Construction
- 9.2.2. Paper, Board, and Packaging
- 9.2.3. Woodworking & Joinery
- 9.2.4. Transportation
- 9.2.5. Healthcare
- 9.2.6. Electrical & Electronics
- 9.2.7. Other End-user Industries
- 9.1. Market Analysis, Insights and Forecast - by Resin Type
- 10. Rest of Europe Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Resin Type
- 10.1.1. Acrylics
- 10.1.2. Polyvinyl Acetate (PVA) Emulsion
- 10.1.3. Ethylene Vinyl Acetate (EVA) Emulsion
- 10.1.4. Polyuret
- 10.1.5. Other Resin Types
- 10.2. Market Analysis, Insights and Forecast - by End-user Industry
- 10.2.1. Building & Construction
- 10.2.2. Paper, Board, and Packaging
- 10.2.3. Woodworking & Joinery
- 10.2.4. Transportation
- 10.2.5. Healthcare
- 10.2.6. Electrical & Electronics
- 10.2.7. Other End-user Industries
- 10.1. Market Analysis, Insights and Forecast - by Resin Type
- 11. Germany Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 12. France Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 13. Italy Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 14. United Kingdom Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 15. Netherlands Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 16. Sweden Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 17. Rest of Europe Europe Waterborne Adhesives Industry Analysis, Insights and Forecast, 2019-2031
- 18. Competitive Analysis
- 18.1. Market Share Analysis 2024
- 18.2. Company Profiles
- 18.2.1 Henkel AG & Co KGaA
- 18.2.1.1. Overview
- 18.2.1.2. Products
- 18.2.1.3. SWOT Analysis
- 18.2.1.4. Recent Developments
- 18.2.1.5. Financials (Based on Availability)
- 18.2.2 Franklin Adhesives & Polymers *List Not Exhaustive
- 18.2.2.1. Overview
- 18.2.2.2. Products
- 18.2.2.3. SWOT Analysis
- 18.2.2.4. Recent Developments
- 18.2.2.5. Financials (Based on Availability)
- 18.2.3 Pidilite Industries Ltd
- 18.2.3.1. Overview
- 18.2.3.2. Products
- 18.2.3.3. SWOT Analysis
- 18.2.3.4. Recent Developments
- 18.2.3.5. Financials (Based on Availability)
- 18.2.4 3M
- 18.2.4.1. Overview
- 18.2.4.2. Products
- 18.2.4.3. SWOT Analysis
- 18.2.4.4. Recent Developments
- 18.2.4.5. Financials (Based on Availability)
- 18.2.5 Ashland
- 18.2.5.1. Overview
- 18.2.5.2. Products
- 18.2.5.3. SWOT Analysis
- 18.2.5.4. Recent Developments
- 18.2.5.5. Financials (Based on Availability)
- 18.2.6 Arkema Group
- 18.2.6.1. Overview
- 18.2.6.2. Products
- 18.2.6.3. SWOT Analysis
- 18.2.6.4. Recent Developments
- 18.2.6.5. Financials (Based on Availability)
- 18.2.7 Dow
- 18.2.7.1. Overview
- 18.2.7.2. Products
- 18.2.7.3. SWOT Analysis
- 18.2.7.4. Recent Developments
- 18.2.7.5. Financials (Based on Availability)
- 18.2.8 Sika AG
- 18.2.8.1. Overview
- 18.2.8.2. Products
- 18.2.8.3. SWOT Analysis
- 18.2.8.4. Recent Developments
- 18.2.8.5. Financials (Based on Availability)
- 18.2.1 Henkel AG & Co KGaA
List of Figures
- Figure 1: Europe Waterborne Adhesives Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe Waterborne Adhesives Industry Share (%) by Company 2024
List of Tables
- Table 1: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 3: Europe Waterborne Adhesives Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 4: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Germany Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: France Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Italy Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: United Kingdom Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Netherlands Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Sweden Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Europe Europe Waterborne Adhesives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 14: Europe Waterborne Adhesives Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 15: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 17: Europe Waterborne Adhesives Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 18: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 19: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 20: Europe Waterborne Adhesives Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 21: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 23: Europe Waterborne Adhesives Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 24: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 25: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 26: Europe Waterborne Adhesives Industry Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 27: Europe Waterborne Adhesives Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Waterborne Adhesives Industry?
The projected CAGR is approximately > 5.00%.
2. Which companies are prominent players in the Europe Waterborne Adhesives Industry?
Key companies in the market include Henkel AG & Co KGaA, Franklin Adhesives & Polymers *List Not Exhaustive, Pidilite Industries Ltd, 3M, Ashland, Arkema Group, Dow, Sika AG.
3. What are the main segments of the Europe Waterborne Adhesives Industry?
The market segments include Resin Type, End-user Industry.
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?
; Environmental Friendly Substitute to Solvent-based Adhesives; Other Drivers.
6. What are the notable trends driving market growth?
Polyvinyl Acetate (PVA) Emulsion to Dominate the Market.
7. Are there any restraints impacting market growth?
; Poor Setting Speed of the Waterborne Adhesives; Other Restraints.
8. Can you provide examples of recent developments in the market?
N/A
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 "Europe Waterborne 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 Europe Waterborne 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 Europe Waterborne Adhesives Industry?
To stay informed about further developments, trends, and reports in the Europe Waterborne 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