Global Adhesives Market: Overview
The global adhesives market size was estimated at US$ XX Million in 2020 and is projected to grow at a CAGR of XX% over the upcoming years. The key growth factors behind the growth of adhesives market include the growing demand for adhesives in the construction industry along with the increased use for adhesive sin the manufacturing activities across the globe. Furthermore, the emergence of new technologies along with the growing appliances industry are some other key factors for the growth of the adhesives market in the upcoming years.
Global Adhesives Market: COVID-19 Impact
The COVID-19 pandemic had a huge impact across all the industries including logistics & supply chain, oil & gas, manufacturing, electronics, and others. The partial or full lockdown in the year 2020 and 2021 across numerous countries such as India, the U.S., the U.K., Germany, and others had further impacted the supply of raw materials and finished products across the globe. The demand for automotive parts has decreased during the COVID-19 period due to halt in the manufacturing industry as the demand for raw materials and finished good has been halted during the COVID-19 period. Therefore, the global adhesives market is severely impacted by COVID-19.
Global Adhesives Market: Application Analysis
On the basis of application, the global adhesives market is categorized into pressure-sensitive applications, construction, packaging, furniture, automotive, footwear, and others. The pressure-sensitive applications category had a substantial share in 2020. This is mainly due to the rising demand for sound damping films, safety labels, and others worldwide. Besides, the automotive category is estimated to witness the fastest growth in the upcoming years due to increased demand for lightweight vehicles and high fuel efficiency vehicles.
Global Adhesives Market: Regional Analysis
Based on the regions, the global adhesives market is segmented into North America, Europe, Asia Pacific, Latin America (LATAM), and Middle East & Africa (MEA). Asia Pacific is estimated to witness fastest growth in the global adhesives market during the forecast period. This is ascribed to the growing manufacturing industry in the region along with the rising demand for adhesives in the building & construction industry in the region. Besides, North America and Europe is estimated to witness substantial growth during the forecast period.
Global Adhesives Market: Segment Analysis
The Global Market Research can be segmented in the following way:
ATTRIBUTE | DETAILS |
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Study Period | 2017-2028 |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (US$ Billion) |
Segmentation | Global Adhesives Market: By Adhesives Technology
Global Adhesives Market: By Adhesives Product Type
Global Adhesives Market: By Adhesives Application
Global Adhesives Market: By Regional Analysis
|
Key Companies |
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Key Report Deliverable |
|
Table of Content
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Scope of the Study
1.3.1. Market Segmentation
1.3.1.1. Adhesives Market, By Adhesives Technology
1.3.1.2. Adhesives Market, By Adhesives Product Type
1.3.1.3. Adhesives Market, By Adhesives Applications
1.3.1.4. Adhesives Market, By Geography
1.4. Currency Used
1.5. Years Considered for the Study
1.5.1. Historical Years
1.5.2. Base Year
1.5.3. Forecast Years
1.6. Limitations
1.7. Stakeholders
2. Executive Summary
2.1. Market Snapshot: Global Adhesives Market
2.1.1. Inter connectivity and Related Markets
2.2. Key Insights
2.3. DROC (Drivers, Restraints, Opportunities, and Challenges) Analysis
2.4. Demand Side Trends
2.5. Supply Side Trends
2.6. Strategic Overview for Global Adhesives Market
2.7. Voice of Industry Experts/Key Opinion Leaders (KOLs)
2.8. Recommendations and Conclusions
3. Research Methodology
3.1. Research Data
3.2. Market Breakdown and Data Triangulation
3.2.1. Secondary Research
3.2.2. Primary Research
3.2.3. Internal Repository Knowledge
3.3. Market Sizing Approach
3.3.1. 3600 View
3.3.2. Bottom Up Approach
3.3.3. Top Down Approach
3.4. Data Sources
3.4.1. Secondary Sources
3.4.2. Primary Sources
3.5. Name of Sources and References
4. COVID-19 Impact
4.1. COVID-19 Prevalence Analysis*
4.2. COVID-19 Vaccine Analysis*
4.3. COVID-19 Impact on Global Adhesives Market
4.4. Pre vs Post COVID Demand and Supply Analysis
4.5. COVID-19 Road to Recovery Analysis
4.5.1. Global Adhesives Market V Shaped Recovery
4.5.2. Global Adhesives Market U Shaped Recovery
4.5.3. Global Adhesives Market L Shaped Recovery
4.5.4. Global Adhesives Market W Shaped Recovery
4.6. COVID-19 impact on End-user Industry
4.7. COVID-19 Opportunity Analysis
5. Prominent Insights
5.1. Macro-Economic Factors
5.1.1. Regional GDP Outlook
5.1.2. Key Industry News
5.1.3. Global Market Trend
5.1.3.1. Positive Trends
5.1.3.2. Negative Trends
5.1.4. Lubrication Integration
5.2. Ecosystem Mapping and Opportunity Analysis
5.3. Developed Vs Developing Economies
5.4. Market Dynamics
5.4.1. Market Drivers
5.4.1.1. Driver 1
5.4.1.2. Driver 2
5.4.1.3. Driver 3
5.4.1.4. Global Adhesives Market Drivers Impact Assessment in the short, medium, and long terms
5.4.1.5. Global Adhesives Market Drivers Impact Assessment at Regional Level
5.4.2. Market Restraints
5.4.2.1. Restraint 1
5.4.2.2. Restraint 2
5.4.2.3. Restraint 3
5.4.2.4. Global Adhesives Market Restraints Impact Assessment in the short, medium, and long terms
5.4.2.5. Global Adhesives Market Restraints Impact Assessment at Regional Level
5.4.3. Market Opportunities
5.4.3.1. Opportunity 1
5.4.3.2. Opportunity 2
5.4.3.3. Opportunity 3
5.4.3.4. Global Adhesives Market Opportunities Impact Assessment in the short, medium, and long terms
5.4.3.5. Global Adhesives Market Opportunities Impact Assessment at Regional Level
5.4.4. Market Challenges
5.4.4.1. Challenge 1
5.4.4.2. Challenge 2
5.4.4.3. Challenge 3
5.4.4.4. Global Adhesives Market Challenges Impact Assessment in the short, medium, and long terms
5.4.4.5. Global Adhesives Market Challenges Impact Assessment at Regional Level
5.5. Porter’s Five Forces Analysis
5.5.1. Threat Of New Entrants
5.5.2. Threat Of Substitutes
5.5.3. Bargaining Power Of Suppliers
5.5.4. Bargaining Power Of Buyers
5.5.5. Rivalry Among Existing Competitors
5.6. Value Chain Analysis
5.7. Attractive Investment Proposition, By Geography
5.8. Investment Landscape
5.8.1. Market Major Mergers & Acquisitions
5.8.2. Market Fund Raise and Other Activities
6. Global Adhesives Market Analysis and Forecast, By Adhesives Technology, 2017-2028 (US$ Mn)
6.1. Overview
6.1.1. Global Adhesives Market, By Adhesives Technology, Market Share Comparison 2020 vs 2028 (%)
6.2. Hot Melt
6.2.1. Global Adhesives Market, By Hot Melt, Analysis and Forecast, 2017-2028 (US$ Mn)
6.2.2. Global Adhesives Market, By Hot Melt, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
6.3. Water-based
6.3.1. Global Adhesives Market, By Water-based, Analysis and Forecast, 2017-2028 (US$ Mn)
6.3.2. Global Adhesives Market, By Water-based, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
6.4. Solvent Based
6.4.1. Global Adhesives Market, By Solvent Based, Analysis and Forecast, 2017-2028 (US$ Mn)
6.4.2. Global Adhesives Market, By Solvent Based, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
6.5. Reactive and Others
6.5.1. Global Adhesives Market, By Reactive and Others, Analysis and Forecast, 2017-2028 (US$ Mn)
6.5.2. Global Adhesives Market, By Reactive and Others, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7. Global Adhesives Market Analysis and Forecast, By Adhesives Product Type, 2017-2028 (US$ Mn)
7.1. Overview
7.1.1. Global Adhesives Market, By Adhesives Product Type, Market Share Comparison 2020 vs 2028 (%)
7.2. Acrylic
7.2.1. Global Adhesives Market, By Acrylic, Analysis and Forecast, 2017-2028 (US$ Mn)
7.2.2. Global Adhesives Market, By Acrylic, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7.3. Polyurethanes
7.3.1. Global Adhesives Market, By Polyurethanes, Analysis and Forecast, 2017-2028 (US$ Mn)
7.3.2. Global Adhesives Market, By Polyurethanes, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7.4. PVA
7.4.1. Global Adhesives Market, By PVA, Analysis and Forecast, 2017-2028 (US$ Mn)
7.4.2. Global Adhesives Market, By PVA, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7.5. Epoxy
7.5.1. Global Adhesives Market, By Epoxy, Analysis and Forecast, 2017-2028 (US$ Mn)
7.5.2. Global Adhesives Market, By Epoxy, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7.6. Styrenic Block
7.6.1. Global Adhesives Market, By Styrenic Block, Analysis and Forecast, 2017-2028 (US$ Mn)
7.6.2. Global Adhesives Market, By Styrenic Block, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7.7. EVA
7.7.1. Global Adhesives Market, By EVA, Analysis and Forecast, 2017-2028 (US$ Mn)
7.7.2. Global Adhesives Market, By EVA, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
7.8. Others
7.8.1. Global Adhesives Market, By Others, Analysis and Forecast, 2017-2028 (US$ Mn)
7.8.2. Global Adhesives Market, By Others, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8. Global Adhesives Market Analysis and Forecast, By Adhesives Applications, 2017-2028 (US$ Mn)
8.1. Overview
8.1.1. Global Adhesives Market, By Adhesives Applications, Market Share Comparison 2020 vs 2028 (%)
8.2. Pressure Sensitive Applications
8.2.1. Global Adhesives Market, By Pressure Sensitive Applications, Analysis and Forecast, 2017-2028 (US$ Mn)
8.2.2. Global Adhesives Market, By Pressure Sensitive Applications, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8.3. Construction
8.3.1. Global Adhesives Market, By Construction, Analysis and Forecast, 2017-2028 (US$ Mn)
8.3.2. Global Adhesives Market, By Construction, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8.4. Packaging
8.4.1. Global Adhesives Market, By Packaging, Analysis and Forecast, 2017-2028 (US$ Mn)
8.4.2. Global Adhesives Market, By Packaging, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8.5. Furniture
8.5.1. Global Adhesives Market, By Furniture, Analysis and Forecast, 2017-2028 (US$ Mn)
8.5.2. Global Adhesives Market, By Furniture, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8.6. Automotive
8.6.1. Global Adhesives Market, By Automotive, Analysis and Forecast, 2017-2028 (US$ Mn)
8.6.2. Global Adhesives Market, By Automotive, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8.7. Footwear
8.7.1. Global Adhesives Market, By Footwear, Analysis and Forecast, 2017-2028 (US$ Mn)
8.7.2. Global Adhesives Market, By Footwear, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
8.8. Others
8.8.1. Global Adhesives Market, By Others, Analysis and Forecast, 2017-2028 (US$ Mn)
8.8.2. Global Adhesives Market, By Others, Analysis and Forecast, By Region, 2017-2028 (US$ Mn)
9. Global Adhesives Market Analysis and Forecast, By Regional Market Analysis, 2017-2028 (US$ Mn)
9.1. Overview
9.2. Global Adhesives Market, By Region, Market Share Comparison 2020 vs 2028 (%)
9.3. Global Adhesives Market, By Region, Analysis and Forecast, 2017-2028 (US$ Mn)
9.4. Global Adhesives Market, Regional Life Cycle Analysis
9.5. COVID-19 Impact on Global Adhesives Market, By Region
10. North America Adhesives Market Analysis and Forecast, By Regional Market Analysis, 2017-2028 (US$ Mn)
10.1. North America Adhesives Market Overview
10.2. North America Adhesives Market Summary
10.2.1. Dynamics
10.2.2. Impact Analysis
10.3. North America Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
10.4. North America Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
10.5. North America Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
10.6. North America Adhesives Market, By Country, 2017-2028 (US$ Mn)
10.6.1. U.S.
10.6.1.1. Overview
10.6.1.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
10.6.1.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
10.6.1.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
10.6.2. Canada
10.6.2.1. Overview
10.6.2.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
10.6.2.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
10.6.2.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11. Europe Adhesives Market Analysis and Forecast, By Regional Market Analysis, 2017-2028 (US$ Mn)
11.1. Europe Adhesives Market Overview
11.2. Europe Adhesives Market Summary
11.2.1. Dynamics
11.2.2. Impact Analysis
11.3. Europe Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.4. Europe Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.5. Europe Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11.6. Europe Adhesives Market, By Country, 2017-2028 (US$ Mn)
11.6.1. Germany
11.6.1.1. Overview
11.6.1.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.6.1.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.6.1.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11.6.2. U.K.
11.6.2.1. Overview
11.6.2.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.6.2.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.6.2.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11.6.3. France
11.6.3.1. Overview
11.6.3.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.6.3.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.6.3.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11.6.4. Italy
11.6.4.1. Overview
11.6.4.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.6.4.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.6.4.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11.6.5. Spain
11.6.5.1. Overview
11.6.5.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.6.5.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.6.5.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
11.6.6. Rest of Europe
11.6.6.1. Overview
11.6.6.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
11.6.6.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
11.6.6.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
12. Asia Pacific Adhesives Market Analysis and Forecast, By Regional Market Analysis, 2017-2028 (US$ Mn)
12.1. Asia Pacific Adhesives Market Overview
12.2. Asia Pacific Adhesives Market Summary
12.2.1. Dynamics
12.2.2. Impact Analysis
12.3. Asia Pacific Adhesives Market, By Adhesives Technology,2017-2028 (US$ Mn)
12.4. Asia Pacific Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
12.5. Asia Pacific Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
12.6. Asia Pacific Adhesives Market, By Country, 2017-2028 (US$ Mn)
12.6.1. China
12.6.1.1. Overview
12.6.1.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
12.6.1.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
12.6.1.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
12.6.2. Japan
12.6.2.1. Overview
12.6.2.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
12.6.2.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
12.6.2.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
12.6.3. India
12.6.3.1. Overview
12.6.3.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
12.6.3.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
12.6.3.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
12.6.4. Rest of Asia Pacific
12.6.4.1. Overview
12.6.4.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
12.6.4.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
12.6.4.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
13. Latin America (LATAM) Adhesives Market Analysis and Forecast, By Regional Market Analysis, 2017-2028 (US$ Mn)
13.1. Latin America (LATAM) Adhesives Market Overview
13.2. Latin America (LATAM) Adhesives Market Summary
13.2.1. Dynamics
13.2.2. Impact Analysis
13.3. Latin America Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
13.4. Latin America Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
13.5. Latin America Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
13.6. Latin America (LATAM) Adhesives Market, By Country, 2017-2028 (US$ Mn)
13.6.1. Brazil
13.6.1.1. Overview
13.6.1.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
13.6.1.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
13.6.1.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
13.6.2. Mexico
13.6.2.1. Overview
13.6.2.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
13.6.2.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
13.6.2.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
13.6.3. Rest of Latin America (LATAM)
13.6.3.1. Overview
13.6.3.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
13.6.3.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
13.6.3.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
14. Middle East & Africa (MEA) Adhesives Market Analysis and Forecast, By Regional Market Analysis, 2017-2028 (US$ Mn)
14.1. Middle East & Africa (MEA)Adhesives Market Overview
14.2. Middle East & Africa (MEA) Adhesives Market Summary
14.2.1. Dynamics
14.2.2. Impact Analysis
14.3. Middle East and Africa Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
14.4. Middle East and Africa Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
14.5. Middle East and Africa Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
14.6. Middle East & Africa (MEA) Adhesives Market, By Country, 2017-2028 (US$ Mn)
14.6.1. United Arab Emirates (UAE)
14.6.1.1. Overview
14.6.1.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
14.6.1.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
14.6.1.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
14.6.2. Saudi Arabia
14.6.2.1. Overview
14.6.2.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
14.6.2.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
14.6.2.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
14.6.3. Rest of Middle East & Africa (MEA)
14.6.3.1. Overview
14.6.3.2. Adhesives Market, By Adhesives Technology, 2017-2028 (US$ Mn)
14.6.3.3. Adhesives Market, By Adhesives Product Type, 2017-2028 (US$ Mn)
14.6.3.4. Adhesives Market, By Adhesives Applications, 2017-2028 (US$ Mn)
15. Competitive Landscape
15.1. Key Players Overview
15.2. Products/Service Comparison of Key Players
15.3. Geographic Presence Analysis of Key Players
15.4. Competitive Bench marking
15.5. Company Evaluation Matrix
15.5.1. Star
15.5.2. Emerging Leader
15.5.3. Pervasive
15.5.4. Participant
15.6. Competitive Landscape
15.6.1. Small Players
15.6.2. Medium Players
15.6.3. Large Players
15.7. Market Positioning of Key Players
15.8. Investment Scenario of Key Players
15.9. Strategies Analysis of Key Players
15.9.1. Mergers & Acquisitions
15.9.2. Joint Ventures
15.9.3. New Product Development
15.9.4. Joint Ventures
15.9.5. Partnerships
15.9.6. Others
16. Company Profiles
(Business Overview, Products/ Solutions Offered, Recent Developments, Strategic Initiatives, Financial Summary, etc.)
16.1. Dow Chemical Company
16.1.1. Company and Business Overview
16.1.2. Products and Service Offerings
16.1.3. Business Presence, Key Personnel, Company Contact Details, and Competitors
16.1.4. Strategic Initiatives
16.1.5. Key Financial Summary*
16.1.5.1. Recent Financials (2016-2020)
16.1.5.2. Business Revenue, 2020 (in %)
16.1.5.3. Geographic Revenue, 2020 (in %)
16.2. BASF SE
16.3. Uniseal Inc.
16.4. 3M Company
16.5. Ashland Inc.
16.6. Sika AG
16.7. Avery Denison Corporation
16.8. N.D. Industries Inc.
16.9. Arkema
16.10. Momentive Specialty Chemical Industries
16.11. Beardow and Adams Limited
16.12. Henkel AG & Co.
16.13. Eastman Chemical Company
16.14. H.B Fuller Company
16.15. Others
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain