Epoxy Paints Market
Epoxy resins which are also known as polyepoxides belong to the category of reactive prepolymers and polymers that contain the epoxide group. Epoxy resins are one of the most versatile compounds that are widely used in the orthophthalic and polyester family. Epoxy resins usually react either with themselves or with other co-reactants which include phenols, acids, alcohols, polyfunctional amines and thiols among others. Epoxy resins are either low molecular weight pre-polymers or high molecular weight polymers which usually contain at least two epoxide groups. The epoxide group is also known as oxirane and glycidyl group. The raw material required to industrially manufacture epoxy resins are largely derived from petroleum.
However, some of the plant derived sources are becoming popular in manufacturing epoxy resins. Epoxy resins being polymeric or semi-polymeric materials and thus, are rarely exist in their pure state. Epoxy resins are known for their excellent electrical, mechanical and heat resistance properties. The epoxide content in the epoxy resins is the most crucial factor which determines the characteristics of epoxy resins. Different grades of epoxy resins are usually blended with various additives, plasticizers and fillers. Epoxy resins find wide range of applications in paints and coatings, electrical and electronic components and structural adhesives manufacturing industries. The paint and coatings industry is one of the major applications of the epoxy resins market.
Growing population coupled with changing lifestyle is expected to boost the overall growth of the construction industry. The growing construction industry is expected to augment the growth of the paints and coatings industry. The paints and coating industry is expected to further grow owing to the rising demand from the automobile industry. The rising demand for high end luxury automobiles is further expected to enhance the overall growth of the paints and coatings industry. Thus, the growing paints and coatings industry is expected to drive the overall growth of the epoxy resins market. Epoxy resins are w9idely used by the paints and coating industry on the heavy duty metal substrates. In addition, paints and coatings containing epoxy resins use less energy than that compared to other heat-cured powder coatings. Moreover, paints and coatings containing epoxy resins are also considered environmental friendly than other chemicals.
Asia Pacific is the largest manufacturer of epoxy resins owing to the presence of large manufacturers in China. The presence of many manufacturers coupled with their huge production capacities is expected to boost the overall growth of the epoxy resins market. Europe is one of the major consumers of the epoxy resins market. Epoxy resins being environmental friendly are further expected to augment the overall demand in the market. The demand for epoxy resins is gradually growing in North America. Thus, the growing consumer awareness towards environment friendly products coupled with the presence of stringent environmental regulations is expected to further boost the overall growth of the market.
Momentive Performance Materials, Kukdo Chemical (South Korea), Huntsman Corporation (U.S.), The Dow Chemical Company (U.S.), Atul Ltd (India), Sika AG (Switzerland), Cytec Industries Incorporation (U.S.), DuPont (U.S.), 3M (U.S.), BASF SE (Germany), Aditya Birla Chemicals (Thailand) Ltd, NAMA Chemicals (Saudi Arabia), LEUNA-Harze GmbH (Germany), and Spolchemie A.S. (Czech Republic) among others are expected to some of the major participants of the global epoxy resins market. The companies are mainly focused towards developing bio based epoxy resins in order to comply with the stringent environmental regulations.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
Regional analysis includes:
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
Report highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
- 1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand-side Trends
- 1.3. Supply-side Trends
- 1.4. Technology Roadmap Analysis
- 1.5. Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
- 3. Market Background
- 3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
- 3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
- 3.3. Opportunity Map Analysis
- 3.4. Product Life Cycle Analysis
- 3.5. Supply Chain Analysis
- 3.5.1. Supply Side Participants and their Roles
- 3.5.1.1. Producers
- 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
- 3.5.1.3. Wholesalers and Distributors
- 3.5.2. Value Added and Value Created at Node in the Supply Chain
- 3.5.3. List of Raw Material Suppliers
- 3.5.4. List of Existing and Potential Buyer’s
- 3.6. Investment Feasibility Matrix
- 3.7. Value Chain Analysis
- 3.7.1. Profit Margin Analysis
- 3.7.2. Wholesalers and Distributors
- 3.7.3. Retailers
- 3.8. PESTLE and Porter’s Analysis
- 3.9. Regulatory Landscape
- 3.9.1. By Key Regions
- 3.9.2. By Key Countries
- 3.10. Regional Parent Market Outlook
- 3.11. Production and Consumption Statistics
- 3.12. Import and Export Statistics
- 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
- 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021
- 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis
- 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Technology
- 5.1. Introduction / Key Findings
- 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Technology, 2017-2021
- 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Technology, 2022-2032
- 5.3.1. Water Based
- 5.3.2. Solvent Based
- 5.3.3. Powder Based
- 5.4. Y-o-Y Growth Trend Analysis By Technology, 2017-2021
- 5.5. Absolute $ Opportunity Analysis By Technology, 2022-2032 Deep-dive segmentation will be available in the sample on request
- 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application
- 6.1. Introduction / Key Findings
- 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2017-2021
- 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2022-2032
- 6.3.1. Architectural & Decorative Paints
- 6.3.2. Industrial Paints
- 6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
- 6.5. Absolute $ Opportunity Analysis By Application, 2022-2032 Deep-dive segmentation will be available in the sample on request
- 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End Use
- 7.1. Introduction / Key Findings
- 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End Use, 2017-2021
- 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End Use, 2022-2032
- 7.3.1. Automotive
- 7.3.2. Construction
- 7.3.3. Marine
- 7.3.4. Oil & Gas
- 7.3.5. Repair & Maintenance
- 7.3.6. Other Industrial
- 7.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021
- 7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 Deep-dive segmentation will be available in the sample on request
- 8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
- 8.1. Introduction
- 8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021
- 8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. East Asia
- 8.3.5. South Asia & Pacific
- 8.3.6. MEA
- 8.4. Market Attractiveness Analysis By Region
- 9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 9.2.1. By Country
- 9.2.1.1. U.S.
- 9.2.1.2. Canada
- 9.2.2. By Technology
- 9.2.3. By Application
- 9.2.4. By End Use
- 9.3. Market Attractiveness Analysis
- 9.3.1. By Country
- 9.3.2. By Technology
- 9.3.3. By Application
- 9.3.4. By End Use
- 9.4. Key Takeaways
- 10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 10.2.1. By Country
- 10.2.1.1. Brazil
- 10.2.1.2. Mexico
- 10.2.1.3. Rest of Latin America
- 10.2.2. By Technology
- 10.2.3. By Application
- 10.2.4. By End Use
- 10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Technology
- 10.3.3. By Application
- 10.3.4. By End Use
- 10.4. Key Takeaways
- 11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 11.2.1. By Country
- 11.2.1.1. Germany
- 11.2.1.2. U.K.
- 11.2.1.3. France
- 11.2.1.4. Spain
- 11.2.1.5. Italy
- 11.2.1.6. Rest of Europe
- 11.2.2. By Technology
- 11.2.3. By Application
- 11.2.4. By End Use
- 11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Technology
- 11.3.3. By Application
- 11.3.4. By End Use
- 11.4. Key Takeaways
- 12. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 12.2.1. By Country
- 12.2.1.1. China
- 12.2.1.2. Japan
- 12.2.1.3. South Korea
- 12.2.2. By Technology
- 12.2.3. By Application
- 12.2.4. By End Use
- 12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Technology
- 12.3.3. By Application
- 12.3.4. By End Use
- 12.4. Key Takeaways
- 13. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 13.2.1. By Country
- 13.2.1.1. India
- 13.2.1.2. Thailand
- 13.2.1.3. Indonesia
- 13.2.1.4. Malaysia
- 13.2.1.5. Singapore
- 13.2.1.6. Australia
- 13.2.1.7. New Zealand
- 13.2.1.8. Rest of South Asia & Pacific
- 13.2.2. By Technology
- 13.2.3. By Application
- 13.2.4. By End Use
- 13.3. Market Attractiveness Analysis
- 13.3.1. By Country
- 13.3.2. By Technology
- 13.3.3. By Application
- 13.3.4. By End Use
- 13.4. Key Takeaways
- 14. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 14.2.1. By Country
- 14.2.1.1. GCC Countries
- 14.2.1.2. South Africa
- 14.2.1.3. Israel
- 14.2.1.4. Rest of MEA
- 14.2.2. By Technology
- 14.2.3. By Application
- 14.2.4. By End Use
- 14.3. Market Attractiveness Analysis
- 14.3.1. By Country
- 14.3.2. By Technology
- 14.3.3. By Application
- 14.3.4. By End Use
- 14.4. Key Takeaways
- 15. Key Countries Market Analysis
- 15.1. U.S.
- 15.1.1. Pricing Analysis
- 15.1.2. Market Share Analysis, 2021
- 15.1.2.1. By Technology
- 15.1.2.2. By Application
- 15.1.2.3. By End Use
- 15.2. Canada
- 15.2.1. Pricing Analysis
- 15.2.2. Market Share Analysis, 2021
- 15.2.2.1. By Technology
- 15.2.2.2. By Application
- 15.2.2.3. By End Use
- 15.3. Brazil
- 15.3.1. Pricing Analysis
- 15.3.2. Market Share Analysis, 2021
- 15.3.2.1. By Technology
- 15.3.2.2. By Application
- 15.3.2.3. By End Use
- 15.4. Mexico
- 15.4.1. Pricing Analysis
- 15.4.2. Market Share Analysis, 2021
- 15.4.2.1. By Technology
- 15.4.2.2. By Application
- 15.4.2.3. By End Use
- 15.5. Germany
- 15.5.1. Pricing Analysis
- 15.5.2. Market Share Analysis, 2021
- 15.5.2.1. By Technology
- 15.5.2.2. By Application
- 15.5.2.3. By End Use
- 15.6. U.K.
- 15.6.1. Pricing Analysis
- 15.6.2. Market Share Analysis, 2021
- 15.6.2.1. By Technology
- 15.6.2.2. By Application
- 15.6.2.3. By End Use
- 15.7. France
- 15.7.1. Pricing Analysis
- 15.7.2. Market Share Analysis, 2021
- 15.7.2.1. By Technology
- 15.7.2.2. By Application
- 15.7.2.3. By End Use
- 15.8. Spain
- 15.8.1. Pricing Analysis
- 15.8.2. Market Share Analysis, 2021
- 15.8.2.1. By Technology
- 15.8.2.2. By Application
- 15.8.2.3. By End Use
- 15.9. Italy
- 15.9.1. Pricing Analysis
- 15.9.2. Market Share Analysis, 2021
- 15.9.2.1. By Technology
- 15.9.2.2. By Application
- 15.9.2.3. By End Use
- 15.10. China
- 15.10.1. Pricing Analysis
- 15.10.2. Market Share Analysis, 2021
- 15.10.2.1. By Technology
- 15.10.2.2. By Application
- 15.10.2.3. By End Use
- 15.11. Japan
- 15.11.1. Pricing Analysis
- 15.11.2. Market Share Analysis, 2021
- 15.11.2.1. By Technology
- 15.11.2.2. By Application
- 15.11.2.3. By End Use
- 15.12. South Korea
- 15.12.1. Pricing Analysis
- 15.12.2. Market Share Analysis, 2021
- 15.12.2.1. By Technology
- 15.12.2.2. By Application
- 15.12.2.3. By End Use
- 15.13. India
- 15.13.1. Pricing Analysis
- 15.13.2. Market Share Analysis, 2021
- 15.13.2.1. By Technology
- 15.13.2.2. By Application
- 15.13.2.3. By End Use
- 15.14. Thailand
- 15.14.1. Pricing Analysis
- 15.14.2. Market Share Analysis, 2021
- 15.14.2.1. By Technology
- 15.14.2.2. By Application
- 15.14.2.3. By End Use
- 15.15. Indonesia
- 15.15.1. Pricing Analysis
- 15.15.2. Market Share Analysis, 2021
- 15.15.2.1. By Technology
- 15.15.2.2. By Application
- 15.15.2.3. By End Use
- 15.16. Malaysia
- 15.16.1. Pricing Analysis
- 15.16.2. Market Share Analysis, 2021
- 15.16.2.1. By Technology
- 15.16.2.2. By Application
- 15.16.2.3. By End Use
- 15.17. Singapore
- 15.17.1. Pricing Analysis
- 15.17.2. Market Share Analysis, 2021
- 15.17.2.1. By Technology
- 15.17.2.2. By Application
- 15.17.2.3. By End Use
- 15.18. Australia
- 15.18.1. Pricing Analysis
- 15.18.2. Market Share Analysis, 2021
- 15.18.2.1. By Technology
- 15.18.2.2. By Application
- 15.18.2.3. By End Use
- 15.19. New Zealand
- 15.19.1. Pricing Analysis
- 15.19.2. Market Share Analysis, 2021
- 15.19.2.1. By Technology
- 15.19.2.2. By Application
- 15.19.2.3. By End Use
- 15.20. GCC Countries
- 15.20.1. Pricing Analysis
- 15.20.2. Market Share Analysis, 2021
- 15.20.2.1. By Technology
- 15.20.2.2. By Application
- 15.20.2.3. By End Use
- 15.21. South Africa
- 15.21.1. Pricing Analysis
- 15.21.2. Market Share Analysis, 2021
- 15.21.2.1. By Technology
- 15.21.2.2. By Application
- 15.21.2.3. By End Use
- 15.22. Israel
- 15.22.1. Pricing Analysis
- 15.22.2. Market Share Analysis, 2021
- 15.22.2.1. By Technology
- 15.22.2.2. By Application
- 15.22.2.3. By End Use
- 16. Market Structure Analysis
- 16.1. Competition Dashboard
- 16.2. Competition Benchmarking
- 16.3. Market Share Analysis of Top Players
- 16.3.1. By Regional
- 16.3.2. By Technology
- 16.3.3. By Application
- 16.3.4. By End Use
- 17. Competition Analysis
- 17.1. Competition Deep Dive
- 17.1.1. The Sherwin Williams Company
- 17.1.1.1. Overview
- 17.1.1.2. Product Portfolio
- 17.1.1.3. Profitability by Market Segments
- 17.1.1.4. Sales Footprint
- 17.1.1.5. Strategy Overview
- 17.1.1.5.1. Marketing Strategy
- 17.1.1.5.2. Product Strategy
- 17.1.1.5.3. Channel Strategy
- 17.1.2. Akzo Nobel N.V.
- 17.1.2.1. Overview
- 17.1.2.2. Product Portfolio
- 17.1.2.3. Profitability by Market Segments
- 17.1.2.4. Sales Footprint
- 17.1.2.5. Strategy Overview
- 17.1.2.5.1. Marketing Strategy
- 17.1.2.5.2. Product Strategy
- 17.1.2.5.3. Channel Strategy
- 17.1.3. PPG Industries, Inc.
- 17.1.3.1. Overview
- 17.1.3.2. Product Portfolio
- 17.1.3.3. Profitability by Market Segments
- 17.1.3.4. Sales Footprint
- 17.1.3.5. Strategy Overview
- 17.1.3.5.1. Marketing Strategy
- 17.1.3.5.2. Product Strategy
- 17.1.3.5.3. Channel Strategy
- 17.1.4. TIKKURILA OYJ
- 17.1.4.1. Overview
- 17.1.4.2. Product Portfolio
- 17.1.4.3. Profitability by Market Segments
- 17.1.4.4. Sales Footprint
- 17.1.4.5. Strategy Overview
- 17.1.4.5.1. Marketing Strategy
- 17.1.4.5.2. Product Strategy
- 17.1.4.5.3. Channel Strategy
- 17.1.5. The Jotun Group
- 17.1.5.1. Overview
- 17.1.5.2. Product Portfolio
- 17.1.5.3. Profitability by Market Segments
- 17.1.5.4. Sales Footprint
- 17.1.5.5. Strategy Overview
- 17.1.5.5.1. Marketing Strategy
- 17.1.5.5.2. Product Strategy
- 17.1.5.5.3. Channel Strategy
- 17.1.6. Kansai Paint Co.,Ltd.
- 17.1.6.1. Overview
- 17.1.6.2. Product Portfolio
- 17.1.6.3. Profitability by Market Segments
- 17.1.6.4. Sales Footprint
- 17.1.6.5. Strategy Overview
- 17.1.6.5.1. Marketing Strategy
- 17.1.6.5.2. Product Strategy
- 17.1.6.5.3. Channel Strategy
- 17.1.7. BASF SE
- 17.1.7.1. Overview
- 17.1.7.2. Product Portfolio
- 17.1.7.3. Profitability by Market Segments
- 17.1.7.4. Sales Footprint
- 17.1.7.5. Strategy Overview
- 17.1.7.5.1. Marketing Strategy
- 17.1.7.5.2. Product Strategy
- 17.1.7.5.3. Channel Strategy
- 17.1.8. Asian Paints Limited
- 17.1.8.1. Overview
- 17.1.8.2. Product Portfolio
- 17.1.8.3. Profitability by Market Segments
- 17.1.8.4. Sales Footprint
- 17.1.8.5. Strategy Overview
- 17.1.8.5.1. Marketing Strategy
- 17.1.8.5.2. Product Strategy
- 17.1.8.5.3. Channel Strategy
- 17.1.9. Nippon Paint Co., Ltd.
- 17.1.9.1. Overview
- 17.1.9.2. Product Portfolio
- 17.1.9.3. Profitability by Market Segments
- 17.1.9.4. Sales Footprint
- 17.1.9.5. Strategy Overview
- 17.1.9.5.1. Marketing Strategy
- 17.1.9.5.2. Product Strategy
- 17.1.9.5.3. Channel Strategy
- 17.1.10. Berger Paints India Ltd.
- 17.1.10.1. Overview
- 17.1.10.2. Product Portfolio
- 17.1.10.3. Profitability by Market Segments
- 17.1.10.4. Sales Footprint
- 17.1.10.5. Strategy Overview
- 17.1.10.5.1. Marketing Strategy
- 17.1.10.5.2. Product Strategy
- 17.1.10.5.3. Channel Strategy
- 17.1.11. RPM International Inc.
- 17.1.11.1. Overview
- 17.1.11.2. Product Portfolio
- 17.1.11.3. Profitability by Market Segments
- 17.1.11.4. Sales Footprint
- 17.1.11.5. Strategy Overview
- 17.1.11.5.1. Marketing Strategy
- 17.1.11.5.2. Product Strategy
- 17.1.11.5.3. Channel Strategy
- 17.1.12. Axalta Coating Systems
- 17.1.12.1. Overview
- 17.1.12.2. Product Portfolio
- 17.1.12.3. Profitability by Market Segments
- 17.1.12.4. Sales Footprint
- 17.1.12.5. Strategy Overview
- 17.1.12.5.1. Marketing Strategy
- 17.1.12.5.2. Product Strategy
- 17.1.12.5.3. Channel Strategy
- 17.1.13. Benjamin Moore & Co.
- 17.1.13.1. Overview
- 17.1.13.2. Product Portfolio
- 17.1.13.3. Profitability by Market Segments
- 17.1.13.4. Sales Footprint
- 17.1.13.5. Strategy Overview
- 17.1.13.5.1. Marketing Strategy
- 17.1.13.5.2. Product Strategy
- 17.1.13.5.3. Channel Strategy
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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