Acrylic Sheets Market [2021-2031] - Size, Share, and Analysis
The Acrylic Sheets Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The acrylic sheets market report is segmented by type (extruded acrylic sheet and extruded acrylic sheet). The market is segmented based on the application (building and construction, furniture, electricals and electronics, automotive, 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 Acrylic Sheets 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.
Acrylic Sheets Market Segmentation
Type- Extruded Acrylic Sheet and Extruded Acrylic Sheet
- Building and construction
- Furniture
- Electricals and Electronics
- Automotive
Strategic Insights
Acrylic Sheets Market Growth Drivers- Factors Driving the Growth of Acrylic Sheets: Construction is one of the major facilitators of the growth of the acrylic sheets market. Acrylic sheets are lightweight and shatterproof and, hence, have great optical clarity. They are generally used in windows, roof lights, and the building’s exterior surfaces. Such trends as urbanization and infrastructural development are increasing on a global scale and it is anticipated that the need for similar and other building resources, which are durable and attractive such as acrylic sheets, will also grow.
- Acrylic Sheets' Versatility: Acrylic sheets are applied in many fields, such as automotive, and others. Their versatility opens up possibilities for use in signage, displays, protective shields, and even furnishing design. This wide range of use and appeal also enhances the market since manufacturers and consumers want materials that are functional and have an allowance for design.
- Rising Demand for Energy Efficiency: Energy efficiency cuts across the use of insulative materials, and acrylic sheets are one of the materials used for insulating buildings. Owing to the modern trends in energy-efficient and sustainable building construction, builders and architects are favoring the use of acrylic sheets for their thermal qualities. This is in line with the worldwide strategy of mitigating energy usage and greenhouse gas emissions in construction projects, and this increases the market potential.
- Smart Materials Boosting Acrylic Sheets: The concept of smart building materials has a rippling effect on the acrylic sheets market. Developments like self-cleaning, lighting capabilities, and smart glass functionalities are being investigated for their application on acrylic sheets. These developments will facilitate the use of acrylic products in intelligent applications where there is a growing demand to integrate such solutions into residential and commercial buildings.
- Advancements in Acrylic Sheet Production: The new processes of production will affect the performance and the grade of acrylic sheets positively. Moreover, Advances in the extrusion or molding processes can produce thinner and lighter sheets with enhanced optical clarity and excellent impact resistance.
- Sustainability Driving Acrylic Sheets Innovation: Environmental concerns have been one of the factors that have prompted the use of more eco-friendly materials in the construction and manufacturing industries. Because of customers’ inclination towards green materials, the manufacturers are looking into bio-based acrylic sheets and recyclable ones as well. It is expected that such product development, which is targeted towards sustainability, will change the market dynamics of acrylic sheets supply with creative and clean building materials.
- Growth in Emerging Markets: Asia-Pacific and Africa are the developing regions that have a huge potential for the expansion of the acrylic sheets market. These regions have experienced rapid growth in urban centers, average household income, and construction activities, leading to an increased demand for lightweight and strong construction materials. This allows manufacturers to use these markets by setting up plants or forming joint venture agreements.
- Rising Demand from Solar Industry: Renewables such as solar energy also create opportunities for the use of acrylics in the production of solar panels and their covers. This is because their weight is low, and they are also UV resistant. With the increase of emphasis on energy, the future market for acrylic sheets in this regard is likely to increase.
- Increasing Demand for Custom Designs: Many sectors exhibit the growing need of consumers for the products of individual and personalized design. Acrylic sheets are easy to make, color, and finish for the necessary design form. The manufacturers can produce signage, furniture, or even architecture with a custom design. Companies are able to provide those options which help to meet the distinct demands of their clients.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Acrylic Sheets 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 Acrylic Sheets 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Rise in demand for sustainable materials is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the acrylic sheets market due to its rapidly growing building and construction industry.
Based on application, the furniture segment is expected to witness the fastest growth during the forecast period
Evonik Industries AG, Arkema, Asia Poly Industrial Sdn Bhd., Lucite International, Plaskolite, Jumei Acrylic, Elastin International Corp., GARY Acrylic Xishun, Gevacril, and Aristech Surfaces LLC are the key players operating in the acrylic sheets market.
Increasing demand from the construction industry is driving the market growth.
The Acrylic Sheets Market is estimated to witness a CAGR of 5% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Acrylic Sheets Market - By Type
1.3.2Acrylic Sheets Market - By Application
1.3.3Acrylic Sheets Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.ACRYLIC SHEETS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.ACRYLIC SHEETS 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.ACRYLIC SHEETS MARKET - GLOBAL MARKET ANALYSIS
6.1.ACRYLIC SHEETS - GLOBAL MARKET OVERVIEW
6.2.ACRYLIC SHEETS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.ACRYLIC SHEETS MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.EXTRUDED ACRYLIC SHEETS
7.3.1.Overview
7.3.2.Extruded Acrylic Sheets Market Forecast and Analysis
7.4.CELL CAST ACRYLIC SHEETS
7.4.1.Overview
7.4.2.Cell Cast Acrylic Sheets Market Forecast and Analysis
7.5.CONTINUOUS CAST ACRYLIC SHEETS
7.5.1.Overview
7.5.2.Continuous Cast Acrylic Sheets Market Forecast and Analysis
8.ACRYLIC SHEETS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.SANITARY WARE
8.3.1.Overview
8.3.2.Sanitary Ware Market Forecast and Analysis
8.4.VISUAL COMMUNICATION AND RETAIL
8.4.1.Overview
8.4.2.Visual Communication and Retail Market Forecast and Analysis
8.5.FURNITURE AND DESIGN
8.5.1.Overview
8.5.2.Furniture and Design Market Forecast and Analysis
8.6.ELECTRONICS AND ENERGY
8.6.1.Overview
8.6.2.Electronics and Energy Market Forecast and Analysis
8.7.AUTOMOTIVE AND TRANSPORT
8.7.1.Overview
8.7.2.Automotive and Transport Market Forecast and Analysis
8.8.ARCHITECTURE AND CONSTRUCTION
8.8.1.Overview
8.8.2.Architecture and Construction Market Forecast and Analysis
8.9.OTHERS
8.9.1.Overview
8.9.2.Others Market Forecast and Analysis
9.ACRYLIC SHEETS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Acrylic Sheets Market Overview
9.1.2North America Acrylic Sheets Market Forecasts and Analysis
9.1.3North America Acrylic Sheets Market Forecasts and Analysis - By Type
9.1.4North America Acrylic Sheets Market Forecasts and Analysis - By Application
9.1.5North America Acrylic Sheets Market Forecasts and Analysis - By Countries
9.1.5.1United States Acrylic Sheets Market
9.1.5.1.1United States Acrylic Sheets Market by Type
9.1.5.1.2United States Acrylic Sheets Market by Application
9.1.5.2Canada Acrylic Sheets Market
9.1.5.2.1Canada Acrylic Sheets Market by Type
9.1.5.2.2Canada Acrylic Sheets Market by Application
9.1.5.3Mexico Acrylic Sheets Market
9.1.5.3.1Mexico Acrylic Sheets Market by Type
9.1.5.3.2Mexico Acrylic Sheets Market by Application
9.2.EUROPE
9.2.1Europe Acrylic Sheets Market Overview
9.2.2Europe Acrylic Sheets Market Forecasts and Analysis
9.2.3Europe Acrylic Sheets Market Forecasts and Analysis - By Type
9.2.4Europe Acrylic Sheets Market Forecasts and Analysis - By Application
9.2.5Europe Acrylic Sheets Market Forecasts and Analysis - By Countries
9.2.5.1Germany Acrylic Sheets Market
9.2.5.1.1Germany Acrylic Sheets Market by Type
9.2.5.1.2Germany Acrylic Sheets Market by Application
9.2.5.2France Acrylic Sheets Market
9.2.5.2.1France Acrylic Sheets Market by Type
9.2.5.2.2France Acrylic Sheets Market by Application
9.2.5.3Italy Acrylic Sheets Market
9.2.5.3.1Italy Acrylic Sheets Market by Type
9.2.5.3.2Italy Acrylic Sheets Market by Application
9.2.5.4United Kingdom Acrylic Sheets Market
9.2.5.4.1United Kingdom Acrylic Sheets Market by Type
9.2.5.4.2United Kingdom Acrylic Sheets Market by Application
9.2.5.5Russia Acrylic Sheets Market
9.2.5.5.1Russia Acrylic Sheets Market by Type
9.2.5.5.2Russia Acrylic Sheets Market by Application
9.2.5.6Rest of Europe Acrylic Sheets Market
9.2.5.6.1Rest of Europe Acrylic Sheets Market by Type
9.2.5.6.2Rest of Europe Acrylic Sheets Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Acrylic Sheets Market Overview
9.3.2Asia-Pacific Acrylic Sheets Market Forecasts and Analysis
9.3.3Asia-Pacific Acrylic Sheets Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Acrylic Sheets Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Acrylic Sheets Market Forecasts and Analysis - By Countries
9.3.5.1Australia Acrylic Sheets Market
9.3.5.1.1Australia Acrylic Sheets Market by Type
9.3.5.1.2Australia Acrylic Sheets Market by Application
9.3.5.2China Acrylic Sheets Market
9.3.5.2.1China Acrylic Sheets Market by Type
9.3.5.2.2China Acrylic Sheets Market by Application
9.3.5.3India Acrylic Sheets Market
9.3.5.3.1India Acrylic Sheets Market by Type
9.3.5.3.2India Acrylic Sheets Market by Application
9.3.5.4Japan Acrylic Sheets Market
9.3.5.4.1Japan Acrylic Sheets Market by Type
9.3.5.4.2Japan Acrylic Sheets Market by Application
9.3.5.5South Korea Acrylic Sheets Market
9.3.5.5.1South Korea Acrylic Sheets Market by Type
9.3.5.5.2South Korea Acrylic Sheets Market by Application
9.3.5.6Rest of Asia-Pacific Acrylic Sheets Market
9.3.5.6.1Rest of Asia-Pacific Acrylic Sheets Market by Type
9.3.5.6.2Rest of Asia-Pacific Acrylic Sheets Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Acrylic Sheets Market Overview
9.4.2Middle East and Africa Acrylic Sheets Market Forecasts and Analysis
9.4.3Middle East and Africa Acrylic Sheets Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Acrylic Sheets Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Acrylic Sheets Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Acrylic Sheets Market
9.4.5.1.1South Africa Acrylic Sheets Market by Type
9.4.5.1.2South Africa Acrylic Sheets Market by Application
9.4.5.2Saudi Arabia Acrylic Sheets Market
9.4.5.2.1Saudi Arabia Acrylic Sheets Market by Type
9.4.5.2.2Saudi Arabia Acrylic Sheets Market by Application
9.4.5.3U.A.E Acrylic Sheets Market
9.4.5.3.1U.A.E Acrylic Sheets Market by Type
9.4.5.3.2U.A.E Acrylic Sheets Market by Application
9.4.5.4Rest of Middle East and Africa Acrylic Sheets Market
9.4.5.4.1Rest of Middle East and Africa Acrylic Sheets Market by Type
9.4.5.4.2Rest of Middle East and Africa Acrylic Sheets Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Acrylic Sheets Market Overview
9.5.2South and Central America Acrylic Sheets Market Forecasts and Analysis
9.5.3South and Central America Acrylic Sheets Market Forecasts and Analysis - By Type
9.5.4South and Central America Acrylic Sheets Market Forecasts and Analysis - By Application
9.5.5South and Central America Acrylic Sheets Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Acrylic Sheets Market
9.5.5.1.1Brazil Acrylic Sheets Market by Type
9.5.5.1.2Brazil Acrylic Sheets Market by Application
9.5.5.2Argentina Acrylic Sheets Market
9.5.5.2.1Argentina Acrylic Sheets Market by Type
9.5.5.2.2Argentina Acrylic Sheets Market by Application
9.5.5.3Rest of South and Central America Acrylic Sheets Market
9.5.5.3.1Rest of South and Central America Acrylic Sheets Market by Type
9.5.5.3.2Rest of South and Central America Acrylic Sheets 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.ACRYLIC SHEETS MARKET, KEY COMPANY PROFILES
11.1.ALTUGLAS INTERNATIONAL (ARKEMA GROUP)
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.ELASTIN INTERNATIONAL CORP.
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.EVONIK
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.GUANG SHUN PLASTIC
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.JUMEI ACRYLIC
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.LUCITE INTERNATIONAL (MITSUBISHI CHEMICAL)
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.NINGBO SHEN CHUEN CHEMICAL CO., LTD
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.PLASKOLITE
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.RAY CHUNG ACRYLIC ENTERPRISE CO., LTD.
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.TAIXING DONCHAMP ACRYLIC CO., 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
1. Altuglas International (Arkema Group)
2. Elastin International Corp.
3. Evonik
4. Guang Shun Plastic
5. Jumei Acrylic
6. Lucite International (Mitsubishi Chemical)
7. Ningbo Shen Chuen Chemical Co., Ltd
8. Plaskolite
9. Ray Chung Acrylic Enterprise Co., Ltd.
10. Taixing Donchamp Acrylic Co., 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.
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