1,3-Propanediol Market Growth Report and Size by 2031
The 1,3-Propanediol Market is expected to register a CAGR of 9% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The 1,3 propanediol market report is segmented by product (conventional and bio-based). The market is segmented based on the application (polytrimethylene terephthalate, polyurethane, personal care, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report 1,3-Propanediol Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
1,3-Propanediol Market Segmentation
Product- Conventional
- Bio-Based
- Polytrimethylene Terephthalate
- Polyurethane
- Personal Care
Strategic Insights
1,3-Propanediol Market Growth Drivers- Sustainability Drives Market Growth: The growing awareness and usage of green and sustainable products among consumers is one of the key factors assisting the growth of the 1,3-propanediol market. With changing times, industries are moving towards bio-based substitutes, and hence, 1,3-propanediol, which can be obtained from plants such as corn and sugarcane, is becoming popular.
- Cosmetic Industry Adoption Rises: The market for 1,3-propanediol is highly driven by the use of this compound as a moisturizer, solvent, and preservative in personal care and cosmetic products. In addition, rising skin health consciousness and quality cosmetic product concerns contribute to the growth of the 1,3-propanediol market.
- Textile Sector Fuels Demand: 1,3-propanediol is in demand in the production of fibers and fabrics, especially in the making of polyester. The textile sector is also flourishing with the increasing purchase of apparel and home textiles among consumers. The use of 1,3-propanediol in the application of textiles is also likely to rise as manufacturers seek sustainable substitutes for synthetic fibers, thus propelling the growth of the market.
- Technological Advancements in 1,3-Propanediol Production for Cost-Effective and Sustainable Manufacturing: Recent technology emerging in production processes is optimizing and rendering economical the production of 1,3-propanediol. Applications like fermentation processes with engineered micro-organisms help in getting more production at lower costs.
- Government and Regulatory Support for Sustainable 1,3-Propanediol Production: Governments and regulatory bodies have been supporting the development of sustainable chemicals and their usage. There are various campaigns that aim at the reduction of carbon print as well as investments in renewable resources that are benefiting the 1,3 propanediol market. That motivates producers to develop sustainable ways of production and widen their product ranges.
- Compliance and Innovation for Sustainable Solutions: Green chemistry practice, which advocates for the design of chemical processes that generate little or no waste and use the least or no toxic chemicals, is on the surge. This is a find that is affecting the market of 1,3-propanediol as the companies are trying to be in a green chemistry-compliant operation. Additionally, the need for sustainability has spurred creativity on 1,3-propanediol uses and formulations, resulting the introduction of various such products in compliance with environmental usage.
- Opportunities in Emerging Economies: Countries with emerging economies are currently experiencing very high industrialization and urbanization rates, which enhance the consumption of personal care products, textiles and other end users of 1,3-propanediol. These regions provide a leeway for the companies to put up local production facilities or engage in partnerships since there is an increasing need for sustainable products.
- Expanding Applications of 1,3-Propanediol: 1,3-propanediol includes a very wide range of uses including those that are not regarded as traditional. Manufacturers of 1,3-propanediol will be able to develop new applications in a number of industries, including food packaging, pharmaceuticals as well as in the production of biodegradable plastics.
- Collaboration with Research Institutions: Collaboration with research institutions is essential, especially to the companies producing bio-based chemicals, as it offers them an opportunity to tap into the advanced levels of R&D that such institutions develop. Such collaborations have the potential to generate new ways of producing, using, and formulating 1,3-propanediol for various applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the 1,3-Propanediol Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the 1,3-Propanediol Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The growing interest in the green chemistry is expected to be the key market trends.
The strong growth of the personal care and cosmetics industry is driving the market growth.
Haihang Industries Co Ltd, Primient Covation LLC, Metabolic Explorer, Zhangjiagang Glory Biomaterial Co Ltd, Zouping Mingxing Chemical Co Ltd, Merck KGaA, Tokyo Chemical Industry Co Ltd, Otto Chemie Pvt Ltd, Parchem Fine and Specialty Chemicals, and Suzhou Springchem International Co Ltd are the key players operating in the 1,3 propanediol market.
Based on product, the bio-based segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the 1,3 propanediol market due to the strong growth of the personal care and cosmetics industry in the region.
The 1,3-Propanediol Market is estimated to witness a CAGR of 9% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 1 3-Propanediol Market - By Source
1.3.2 1 3-Propanediol Market - By Application
1.3.3 1 3-Propanediol Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. 1 3-PROPANEDIOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. 1 3-PROPANEDIOL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. 1 3-PROPANEDIOL MARKET - GLOBAL MARKET ANALYSIS
6.1. 1 3-PROPANEDIOL - GLOBAL MARKET OVERVIEW
6.2. 1 3-PROPANEDIOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. 1 3-PROPANEDIOL MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. BIO-BASED PDO
7.3.1. Overview
7.3.2. Bio-Based PDO Market Forecast and Analysis
7.4. PETROCHEMICAL-BASED PDO
7.4.1. Overview
7.4.2. Petrochemical-Based PDO Market Forecast and Analysis
8. 1 3-PROPANEDIOL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POLYMERS
8.3.1. Overview
8.3.2. Polymers Market Forecast and Analysis
8.4. PERSONAL CARE PRODUCTS
8.4.1. Overview
8.4.2. Personal Care Products Market Forecast and Analysis
8.5. FOOD
8.5.1. Overview
8.5.2. Food Market Forecast and Analysis
8.6. OTHERS (SOLVENTS
8.6.1. Overview
8.6.2. Others (Solvents Market Forecast and Analysis
8.7. LUBRICANTS
8.7.1. Overview
8.7.2. Lubricants Market Forecast and Analysis
8.8. AND DRUGS)
8.8.1. Overview
8.8.2. And Drugs) Market Forecast and Analysis
9. 1 3-PROPANEDIOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America 1 3-Propanediol Market Overview
9.1.2 North America 1 3-Propanediol Market Forecasts and Analysis
9.1.3 North America 1 3-Propanediol Market Forecasts and Analysis - By Source
9.1.4 North America 1 3-Propanediol Market Forecasts and Analysis - By Application
9.1.5 North America 1 3-Propanediol Market Forecasts and Analysis - By Countries
9.1.5.1 United States 1 3-Propanediol Market
9.1.5.1.1 United States 1 3-Propanediol Market by Source
9.1.5.1.2 United States 1 3-Propanediol Market by Application
9.1.5.2 Canada 1 3-Propanediol Market
9.1.5.2.1 Canada 1 3-Propanediol Market by Source
9.1.5.2.2 Canada 1 3-Propanediol Market by Application
9.1.5.3 Mexico 1 3-Propanediol Market
9.1.5.3.1 Mexico 1 3-Propanediol Market by Source
9.1.5.3.2 Mexico 1 3-Propanediol Market by Application
9.2. EUROPE
9.2.1 Europe 1 3-Propanediol Market Overview
9.2.2 Europe 1 3-Propanediol Market Forecasts and Analysis
9.2.3 Europe 1 3-Propanediol Market Forecasts and Analysis - By Source
9.2.4 Europe 1 3-Propanediol Market Forecasts and Analysis - By Application
9.2.5 Europe 1 3-Propanediol Market Forecasts and Analysis - By Countries
9.2.5.1 Germany 1 3-Propanediol Market
9.2.5.1.1 Germany 1 3-Propanediol Market by Source
9.2.5.1.2 Germany 1 3-Propanediol Market by Application
9.2.5.2 France 1 3-Propanediol Market
9.2.5.2.1 France 1 3-Propanediol Market by Source
9.2.5.2.2 France 1 3-Propanediol Market by Application
9.2.5.3 Italy 1 3-Propanediol Market
9.2.5.3.1 Italy 1 3-Propanediol Market by Source
9.2.5.3.2 Italy 1 3-Propanediol Market by Application
9.2.5.4 United Kingdom 1 3-Propanediol Market
9.2.5.4.1 United Kingdom 1 3-Propanediol Market by Source
9.2.5.4.2 United Kingdom 1 3-Propanediol Market by Application
9.2.5.5 Russia 1 3-Propanediol Market
9.2.5.5.1 Russia 1 3-Propanediol Market by Source
9.2.5.5.2 Russia 1 3-Propanediol Market by Application
9.2.5.6 Rest of Europe 1 3-Propanediol Market
9.2.5.6.1 Rest of Europe 1 3-Propanediol Market by Source
9.2.5.6.2 Rest of Europe 1 3-Propanediol Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific 1 3-Propanediol Market Overview
9.3.2 Asia-Pacific 1 3-Propanediol Market Forecasts and Analysis
9.3.3 Asia-Pacific 1 3-Propanediol Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific 1 3-Propanediol Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific 1 3-Propanediol Market Forecasts and Analysis - By Countries
9.3.5.1 Australia 1 3-Propanediol Market
9.3.5.1.1 Australia 1 3-Propanediol Market by Source
9.3.5.1.2 Australia 1 3-Propanediol Market by Application
9.3.5.2 China 1 3-Propanediol Market
9.3.5.2.1 China 1 3-Propanediol Market by Source
9.3.5.2.2 China 1 3-Propanediol Market by Application
9.3.5.3 India 1 3-Propanediol Market
9.3.5.3.1 India 1 3-Propanediol Market by Source
9.3.5.3.2 India 1 3-Propanediol Market by Application
9.3.5.4 Japan 1 3-Propanediol Market
9.3.5.4.1 Japan 1 3-Propanediol Market by Source
9.3.5.4.2 Japan 1 3-Propanediol Market by Application
9.3.5.5 South Korea 1 3-Propanediol Market
9.3.5.5.1 South Korea 1 3-Propanediol Market by Source
9.3.5.5.2 South Korea 1 3-Propanediol Market by Application
9.3.5.6 Rest of Asia-Pacific 1 3-Propanediol Market
9.3.5.6.1 Rest of Asia-Pacific 1 3-Propanediol Market by Source
9.3.5.6.2 Rest of Asia-Pacific 1 3-Propanediol Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa 1 3-Propanediol Market Overview
9.4.2 Middle East and Africa 1 3-Propanediol Market Forecasts and Analysis
9.4.3 Middle East and Africa 1 3-Propanediol Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa 1 3-Propanediol Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa 1 3-Propanediol Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa 1 3-Propanediol Market
9.4.5.1.1 South Africa 1 3-Propanediol Market by Source
9.4.5.1.2 South Africa 1 3-Propanediol Market by Application
9.4.5.2 Saudi Arabia 1 3-Propanediol Market
9.4.5.2.1 Saudi Arabia 1 3-Propanediol Market by Source
9.4.5.2.2 Saudi Arabia 1 3-Propanediol Market by Application
9.4.5.3 U.A.E 1 3-Propanediol Market
9.4.5.3.1 U.A.E 1 3-Propanediol Market by Source
9.4.5.3.2 U.A.E 1 3-Propanediol Market by Application
9.4.5.4 Rest of Middle East and Africa 1 3-Propanediol Market
9.4.5.4.1 Rest of Middle East and Africa 1 3-Propanediol Market by Source
9.4.5.4.2 Rest of Middle East and Africa 1 3-Propanediol Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America 1 3-Propanediol Market Overview
9.5.2 South and Central America 1 3-Propanediol Market Forecasts and Analysis
9.5.3 South and Central America 1 3-Propanediol Market Forecasts and Analysis - By Source
9.5.4 South and Central America 1 3-Propanediol Market Forecasts and Analysis - By Application
9.5.5 South and Central America 1 3-Propanediol Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil 1 3-Propanediol Market
9.5.5.1.1 Brazil 1 3-Propanediol Market by Source
9.5.5.1.2 Brazil 1 3-Propanediol Market by Application
9.5.5.2 Argentina 1 3-Propanediol Market
9.5.5.2.1 Argentina 1 3-Propanediol Market by Source
9.5.5.2.2 Argentina 1 3-Propanediol Market by Application
9.5.5.3 Rest of South and Central America 1 3-Propanediol Market
9.5.5.3.1 Rest of South and Central America 1 3-Propanediol Market by Source
9.5.5.3.2 Rest of South and Central America 1 3-Propanediol Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. 1 3-PROPANEDIOL MARKET, KEY COMPANY PROFILES
11.1. DUPONT TATE AND LYLE BIO PRODUCTS COMPANY, LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ZHANGJIAGANG GLORY BIOMATERIAL CO., LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ZOUPING MINGXING CHEMICAL CO., LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MERCK KGGA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HAIHANG INDUSTRY COMPANY LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TOKYO CHEMICAL INDUSTRY CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. METABOLIC EXPLORER
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHELL CHEMICALS LP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATE AND LYLE BIO PRODUCTS COMPANY, LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHENG HONG GROUP HOLDINGS LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. DuPont Tate and Lyle Bio Products Company, LLC
2. Zhangjiagang Glory Biomaterial Co., Ltd.
3. Zouping Mingxing Chemical Co., Ltd.
4. Merck KGgA
5. Haihang Industry Company Ltd.
6. Tokyo Chemical Industry Co., Ltd.
7. METabolic Explorer
8. Shell Chemicals LP
9. Tate and Lyle Bio Products Company, LLC
10. Sheng Hong Group Holdings Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For