Acoustic Insulation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Acoustic Insulation Market covers analysis By Type (Glass Wool, Rock Wool, Foamed Plastics, Elastomeric Foam, Others); End Use Industry (Building and Construction, Transportation, Oil and Gas, Energy and Utilities, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00002836
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Acoustic Insulation Market Strategies and Share 2031

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MARKET OVERVIEW

Acoustic insulation refers to various materials and products that are designed to reduce the transmission of sound through walls, floors, and ceilings. They are intended to block or absorb sound, making them commonly used in construction and renovation projects of residential, commercial, and industrial buildings. The increasing demand for soundproofing in residential and commercial buildings, coupled with the growth in the construction industry, growing concern for noise pollution, and rising awareness about energy conservation, are driving the growth of the global acoustic insulation market. Additionally, government regulations and initiatives aimed at reducing noise pollution and promoting energy-efficient buildings are expected to further propel the growth of acoustic insulation market.

MARKET SCOPE

The Global Acoustic Insulation Market Analysis to 2031 is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acoustic insulation market with detailed market segmentation by type, end use industry, and geography. The report provides key statistics on the market status of the leading Acoustic insulation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on type, the global acoustic insulation market is segmented into glass wool, rock wool, foamed plastics, elastomeric foam, and others.

  • Based on end use industry, the global acoustic insulation market is segmented into building & construction, transportation, oil & gas, energy & utilities, and others.

MARKET DYNAMICS

Drivers:

  • Increasing health concerns.
  • Rising mandates for the prevention of noise pollution.
  • Growth in the construction industry globally is opportunistic for the growth of the market.

Restraints:

  • Lack of awareness in the emerging economies.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Acoustic insulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Acoustic insulation market in these regions.

IMPACT OF COVID-19 ON ACOUSTIC INSULATION MARKET

Due to the COVID-19 pandemic, many industries, such as chemical & materials and construction, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for acoustic insulation decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of acoustic insulation due to huge gap in supply and demand.

However, since 2021, the transportation and construction industry has been strongly growing and the growth trend is foreseen to continue over the years. This would propel the consumption of acoustic insulation, thereby likely to bolster the market during the forecast period.

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Acoustic insulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Acoustic insulation market in these regions.

IMPACT OF COVID-19 ON ACOUSTIC INSULATION MARKET

Due to the COVID-19 pandemic, many industries, such as chemical & materials and construction, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for acoustic insulation decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of acoustic insulation due to huge gap in supply and demand.

However, since 2021, the transportation and construction industry has been strongly growing and the growth trend is foreseen to continue over the years. This would propel the consumption of acoustic insulation, thereby likely to bolster the market during the forecast period.

MARKET PLAYERS

The report covers key developments in the acoustic insulation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acoustic insulation market are anticipated to lucrative growth opportunities in the future with the rising demand for Acoustic insulation in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Acoustic insulation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • Saint-Gobain
  • Rockwool International
  • Owens Corning
  • Paroc Group
  • Kingspan Group
  • Armacell International
  • BASF
  • Fletcher Insulation
  • Johns Manville
  • Knauf Insulation
  • Siderise Group
  • Recticel Insulation
  • Trelleborg AB
  • U.P. Twiga Fiberglass Limited
  • Primacoustic
  • Autex Group
  • Industrial Insulation Group (IIG)
  • Cabot Corporation
  • Thermafiber Inc.
  • Radial Engineering Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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 Acoustic Insulation Market - By Type
1.3.2 Acoustic Insulation Market - By End Use Industry
1.3.3 Acoustic Insulation Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ACOUSTIC INSULATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. ACOUSTIC INSULATION 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. ACOUSTIC INSULATION MARKET - GLOBAL MARKET ANALYSIS
6.1. ACOUSTIC INSULATION - GLOBAL MARKET OVERVIEW
6.2. ACOUSTIC INSULATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ACOUSTIC INSULATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLASS WOOL
7.3.1. Overview
7.3.2. Glass Wool Market Forecast and Analysis
7.4. ROCK WOOL
7.4.1. Overview
7.4.2. Rock Wool Market Forecast and Analysis
7.5. FOAMED PLASTICS
7.5.1. Overview
7.5.2. Foamed Plastics Market Forecast and Analysis
7.6. ELASTOMERIC FOAM
7.6.1. Overview
7.6.2. Elastomeric Foam Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ACOUSTIC INSULATION MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AND CONSTRUCTION
8.3.1. Overview
8.3.2. Building and Construction Market Forecast and Analysis
8.4. TRANSPORTATION
8.4.1. Overview
8.4.2. Transportation Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. ENERGY AND UTILITIES
8.6.1. Overview
8.6.2. Energy and Utilities Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. ACOUSTIC INSULATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Acoustic Insulation Market Overview
9.1.2 North America Acoustic Insulation Market Forecasts and Analysis
9.1.3 North America Acoustic Insulation Market Forecasts and Analysis - By Type
9.1.4 North America Acoustic Insulation Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Acoustic Insulation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Acoustic Insulation Market
9.1.5.1.1 United States Acoustic Insulation Market by Type
9.1.5.1.2 United States Acoustic Insulation Market by End Use Industry
9.1.5.2 Canada Acoustic Insulation Market
9.1.5.2.1 Canada Acoustic Insulation Market by Type
9.1.5.2.2 Canada Acoustic Insulation Market by End Use Industry
9.1.5.3 Mexico Acoustic Insulation Market
9.1.5.3.1 Mexico Acoustic Insulation Market by Type
9.1.5.3.2 Mexico Acoustic Insulation Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Acoustic Insulation Market Overview
9.2.2 Europe Acoustic Insulation Market Forecasts and Analysis
9.2.3 Europe Acoustic Insulation Market Forecasts and Analysis - By Type
9.2.4 Europe Acoustic Insulation Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Acoustic Insulation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Acoustic Insulation Market
9.2.5.1.1 Germany Acoustic Insulation Market by Type
9.2.5.1.2 Germany Acoustic Insulation Market by End Use Industry
9.2.5.2 France Acoustic Insulation Market
9.2.5.2.1 France Acoustic Insulation Market by Type
9.2.5.2.2 France Acoustic Insulation Market by End Use Industry
9.2.5.3 Italy Acoustic Insulation Market
9.2.5.3.1 Italy Acoustic Insulation Market by Type
9.2.5.3.2 Italy Acoustic Insulation Market by End Use Industry
9.2.5.4 United Kingdom Acoustic Insulation Market
9.2.5.4.1 United Kingdom Acoustic Insulation Market by Type
9.2.5.4.2 United Kingdom Acoustic Insulation Market by End Use Industry
9.2.5.5 Russia Acoustic Insulation Market
9.2.5.5.1 Russia Acoustic Insulation Market by Type
9.2.5.5.2 Russia Acoustic Insulation Market by End Use Industry
9.2.5.6 Rest of Europe Acoustic Insulation Market
9.2.5.6.1 Rest of Europe Acoustic Insulation Market by Type
9.2.5.6.2 Rest of Europe Acoustic Insulation Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Acoustic Insulation Market Overview
9.3.2 Asia-Pacific Acoustic Insulation Market Forecasts and Analysis
9.3.3 Asia-Pacific Acoustic Insulation Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Acoustic Insulation Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Acoustic Insulation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Acoustic Insulation Market
9.3.5.1.1 Australia Acoustic Insulation Market by Type
9.3.5.1.2 Australia Acoustic Insulation Market by End Use Industry
9.3.5.2 China Acoustic Insulation Market
9.3.5.2.1 China Acoustic Insulation Market by Type
9.3.5.2.2 China Acoustic Insulation Market by End Use Industry
9.3.5.3 India Acoustic Insulation Market
9.3.5.3.1 India Acoustic Insulation Market by Type
9.3.5.3.2 India Acoustic Insulation Market by End Use Industry
9.3.5.4 Japan Acoustic Insulation Market
9.3.5.4.1 Japan Acoustic Insulation Market by Type
9.3.5.4.2 Japan Acoustic Insulation Market by End Use Industry
9.3.5.5 South Korea Acoustic Insulation Market
9.3.5.5.1 South Korea Acoustic Insulation Market by Type
9.3.5.5.2 South Korea Acoustic Insulation Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Acoustic Insulation Market
9.3.5.6.1 Rest of Asia-Pacific Acoustic Insulation Market by Type
9.3.5.6.2 Rest of Asia-Pacific Acoustic Insulation Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Acoustic Insulation Market Overview
9.4.2 Middle East and Africa Acoustic Insulation Market Forecasts and Analysis
9.4.3 Middle East and Africa Acoustic Insulation Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Acoustic Insulation Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Acoustic Insulation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Acoustic Insulation Market
9.4.5.1.1 South Africa Acoustic Insulation Market by Type
9.4.5.1.2 South Africa Acoustic Insulation Market by End Use Industry
9.4.5.2 Saudi Arabia Acoustic Insulation Market
9.4.5.2.1 Saudi Arabia Acoustic Insulation Market by Type
9.4.5.2.2 Saudi Arabia Acoustic Insulation Market by End Use Industry
9.4.5.3 U.A.E Acoustic Insulation Market
9.4.5.3.1 U.A.E Acoustic Insulation Market by Type
9.4.5.3.2 U.A.E Acoustic Insulation Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Acoustic Insulation Market
9.4.5.4.1 Rest of Middle East and Africa Acoustic Insulation Market by Type
9.4.5.4.2 Rest of Middle East and Africa Acoustic Insulation Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Acoustic Insulation Market Overview
9.5.2 South and Central America Acoustic Insulation Market Forecasts and Analysis
9.5.3 South and Central America Acoustic Insulation Market Forecasts and Analysis - By Type
9.5.4 South and Central America Acoustic Insulation Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Acoustic Insulation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Acoustic Insulation Market
9.5.5.1.1 Brazil Acoustic Insulation Market by Type
9.5.5.1.2 Brazil Acoustic Insulation Market by End Use Industry
9.5.5.2 Argentina Acoustic Insulation Market
9.5.5.2.1 Argentina Acoustic Insulation Market by Type
9.5.5.2.2 Argentina Acoustic Insulation Market by End Use Industry
9.5.5.3 Rest of South and Central America Acoustic Insulation Market
9.5.5.3.1 Rest of South and Central America Acoustic Insulation Market by Type
9.5.5.3.2 Rest of South and Central America Acoustic Insulation Market by End Use Industry

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. ACOUSTIC INSULATION MARKET, KEY COMPANY PROFILES
11.1. SAINT-GOBAIN
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. ROCKWOOL INTERNATIONAL
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. OWENS CORNING
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. PAROC GROUP
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. KINGSPAN GROUP
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. ARMACELL INTERNATIONAL
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. BASF
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. FLETCHER INSULATION
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. JOHNS MANVILLE
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. KNAUF INSULATION
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

  • Saint-Gobain
  • Rockwool International
  • Owens Corning
  • Paroc Group
  • Kingspan Group
  • Armacell International
  • BASF
  • Fletcher Insulation
  • Johns Manville
  • Knauf Insulation
  • Siderise Group
  • Recticel Insulation
  • Trelleborg AB
  • U.P. Twiga Fiberglass Limited
  • Primacoustic
  • Autex Group
  • Industrial Insulation Group (IIG)
  • Cabot Corporation
  • Thermafiber Inc.
  • Radial Engineering Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

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