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

Coverage: Aerosol Propellants Market covers analysis By Product (Hydrocarbons, DME, HFC, Others); Application (Household, Personal Care, Medical, Automotive, Paints and Coatings, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00014770
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Aerosol Propellants Market Scope and Size by 2031

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The Aerosol Propellants Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.

The aerosol propellants market report is segmented by product (dimethyl ether, liquefied gas, HFO, and others). The market is segmented based on the application (personal care products, medical, automotive, household cleaning products, 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 Report

The report Aerosol Propellants 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.

Aerosol Propellants Market Segmentation

Product
  • Dimethyl Ether
  • Liquefied Gas
  • HFO
Application
  • Personal Care Products
  • Medical
  • Automotive
  • Household Cleaning Products

Strategic Insights

Aerosol Propellants Market Growth Drivers
  • Increasing Demand for Consumer Goods and Personal Care Products: The growing demand for consumer goods, especially in personal care products like deodorants, hairsprays, and air fresheners, is a major driver for the aerosol propellants market. Aerosol propellants are essential for delivering these products in a controlled spray, and with the rising consumption of personal care and household products, the demand for aerosol propellants continues to grow.
  • Shift Towards Environmentally Friendly Propellants: The industry is undergoing a shift towards environmentally friendly and sustainable aerosol propellants in response to growing concerns about ozone depletion and environmental impact. Hydrofluoroolefins (HFOs) and hydrofluorocarbons (HFCs) are increasingly being used to replace older, more harmful propellants like CFCs and HCFCs. This trend toward greener alternatives is driving the market's growth as manufacturers aim to comply with stricter environmental regulations.
  • Expanding Applications in Automotive and Industrial Sectors: Aerosol propellants are being increasingly used in automotive and industrial applications, such as in spray paints, lubricants, and cleaning products. The rising demand for maintenance and repair products, along with automotive coatings, is contributing to the growth of the aerosol propellants market. As industries continue to adopt aerosol-based solutions, the market's demand is set to increase.
Aerosol Propellants Market Future Trends
  • Rising Demand for Eco-friendly Propellants: As environmental regulations tighten, there is a growing trend towards the adoption of eco-friendly aerosol propellants. Green alternatives, such as compressed gases (CO2 and nitrogen) and HFO-based propellants, are gaining popularity due to their low global warming potential (GWP) and ozone depletion potential (ODP). This trend is expected to continue, as industries seek to meet sustainability targets and reduce their environmental footprint.
  • Technological Innovations in Propellant Formulations: Ongoing technological advancements are improving the efficiency, safety, and performance of aerosol propellants. New formulations are being developed to enhance the propellant’s ability to deliver consistent pressure and volume across a range of temperatures, ensuring that the aerosol product performs optimally. This innovation is especially significant in consumer goods and industrial applications, where product performance is crucial.
  • Growth of Online Retail and E-commerce: The rise of e-commerce and online retailing has positively impacted the aerosol propellants market, especially in the consumer goods sector. As more consumers opt to purchase personal care products, home cleaning items, and automotive supplies online, the demand for aerosol products has surged. This trend has increased the overall demand for aerosol propellants used in packaging and product delivery.
Aerosol Propellants Market Opportunities
  • Opportunities in the Growing Demand for Sustainable Packaging: The trend toward sustainable packaging in the consumer goods and cosmetics industries offers significant opportunities for the aerosol propellants market. Eco-friendly propellants are being incorporated into spray products that use recyclable and biodegradable packaging. As companies seek to reduce their environmental impact and meet consumer demand for sustainable products, the market for eco-friendly aerosol propellants is expanding.
  • Opportunities in the Pharmaceutical Sector: The pharmaceutical sector presents growth opportunities for aerosol propellants, especially in inhalers and other medical delivery systems. With the increasing demand for respiratory medications, particularly in emerging markets, aerosol propellants play a critical role in delivering precise dosages of medications. The growing global burden of respiratory diseases creates opportunities for propellant use in pharmaceutical applications.
  • Opportunities in Emerging Markets: The increasing urbanization and rising disposable incomes in emerging markets like Asia-Pacific and Latin America offer significant growth opportunities for the aerosol propellants market. As the demand for consumer goods and personal care products increases in these regions, the need for aerosol products and propellants will rise. Expanding industrial and automotive sectors in these regions also contribute to the growing demand for aerosol propellants.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aerosol Propellants 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 Aerosol Propellants 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
World Geography

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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.

Frequently Asked Questions


What is the expected CAGR of the Aerosol Propellants Market ?

The Aerosol Propellants Market is estimated to witness a CAGR of 6% from 2023 to 2031

What are the driving factors impacting the aerosol propellants market ?

The growing demand for the consumer goods is driving the market growth.

What are the key players operating in the aerosol propellants market?

Shell, Honeywell International Inc., Arkema, The Chemours Company, Nouryon, Harp International Ltd., Aeropres Corporation, Emirates Gas, Grillo-Werke AG, and Diversified CPC International are the key players operating in the aerosol propellants market.

Which is the fastest growing segment based on application?

Based on application, the household cleaning products segment is expected to witness the fastest growth during the forecast period.

Based on geography, which region held the largest share of the aerosol propellants market?

Based on geography, Asia Pacific held the largest share of the aerosol propellants market due to its rapidly growing population and the strong growth of the personal care industry.

What is the future trend for aerosol propellants market?

A shift towards sustainable solutions is expected to be the key market trends.

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 Aerosol Propellants Market - By Product
1.3.2 Aerosol Propellants Market - By Application
1.3.3 Aerosol Propellants Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AEROSOL PROPELLANTS 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. AEROSOL PROPELLANTS 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. AEROSOL PROPELLANTS MARKET - GLOBAL MARKET ANALYSIS
6.1. AEROSOL PROPELLANTS - GLOBAL MARKET OVERVIEW
6.2. AEROSOL PROPELLANTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. AEROSOL PROPELLANTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HYDROCARBONS
7.3.1. Overview
7.3.2. Hydrocarbons Market Forecast and Analysis
7.4. DME
7.4.1. Overview
7.4.2. DME Market Forecast and Analysis
7.5. HFC
7.5.1. Overview
7.5.2. HFC Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. AEROSOL PROPELLANTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOUSEHOLD
8.3.1. Overview
8.3.2. Household Market Forecast and Analysis
8.4. PERSONAL CARE
8.4.1. Overview
8.4.2. Personal Care Market Forecast and Analysis
8.5. MEDICAL
8.5.1. Overview
8.5.2. Medical Market Forecast and Analysis
8.6. AUTOMOTIVE
8.6.1. Overview
8.6.2. Automotive Market Forecast and Analysis
8.7. PAINTS AND COATINGS
8.7.1. Overview
8.7.2. Paints and Coatings Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

9. AEROSOL PROPELLANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aerosol Propellants Market Overview
9.1.2 North America Aerosol Propellants Market Forecasts and Analysis
9.1.3 North America Aerosol Propellants Market Forecasts and Analysis - By Product
9.1.4 North America Aerosol Propellants Market Forecasts and Analysis - By Application
9.1.5 North America Aerosol Propellants Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aerosol Propellants Market
9.1.5.1.1 United States Aerosol Propellants Market by Product
9.1.5.1.2 United States Aerosol Propellants Market by Application
9.1.5.2 Canada Aerosol Propellants Market
9.1.5.2.1 Canada Aerosol Propellants Market by Product
9.1.5.2.2 Canada Aerosol Propellants Market by Application
9.1.5.3 Mexico Aerosol Propellants Market
9.1.5.3.1 Mexico Aerosol Propellants Market by Product
9.1.5.3.2 Mexico Aerosol Propellants Market by Application
9.2. EUROPE
9.2.1 Europe Aerosol Propellants Market Overview
9.2.2 Europe Aerosol Propellants Market Forecasts and Analysis
9.2.3 Europe Aerosol Propellants Market Forecasts and Analysis - By Product
9.2.4 Europe Aerosol Propellants Market Forecasts and Analysis - By Application
9.2.5 Europe Aerosol Propellants Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aerosol Propellants Market
9.2.5.1.1 Germany Aerosol Propellants Market by Product
9.2.5.1.2 Germany Aerosol Propellants Market by Application
9.2.5.2 France Aerosol Propellants Market
9.2.5.2.1 France Aerosol Propellants Market by Product
9.2.5.2.2 France Aerosol Propellants Market by Application
9.2.5.3 Italy Aerosol Propellants Market
9.2.5.3.1 Italy Aerosol Propellants Market by Product
9.2.5.3.2 Italy Aerosol Propellants Market by Application
9.2.5.4 United Kingdom Aerosol Propellants Market
9.2.5.4.1 United Kingdom Aerosol Propellants Market by Product
9.2.5.4.2 United Kingdom Aerosol Propellants Market by Application
9.2.5.5 Russia Aerosol Propellants Market
9.2.5.5.1 Russia Aerosol Propellants Market by Product
9.2.5.5.2 Russia Aerosol Propellants Market by Application
9.2.5.6 Rest of Europe Aerosol Propellants Market
9.2.5.6.1 Rest of Europe Aerosol Propellants Market by Product
9.2.5.6.2 Rest of Europe Aerosol Propellants Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aerosol Propellants Market Overview
9.3.2 Asia-Pacific Aerosol Propellants Market Forecasts and Analysis
9.3.3 Asia-Pacific Aerosol Propellants Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Aerosol Propellants Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aerosol Propellants Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aerosol Propellants Market
9.3.5.1.1 Australia Aerosol Propellants Market by Product
9.3.5.1.2 Australia Aerosol Propellants Market by Application
9.3.5.2 China Aerosol Propellants Market
9.3.5.2.1 China Aerosol Propellants Market by Product
9.3.5.2.2 China Aerosol Propellants Market by Application
9.3.5.3 India Aerosol Propellants Market
9.3.5.3.1 India Aerosol Propellants Market by Product
9.3.5.3.2 India Aerosol Propellants Market by Application
9.3.5.4 Japan Aerosol Propellants Market
9.3.5.4.1 Japan Aerosol Propellants Market by Product
9.3.5.4.2 Japan Aerosol Propellants Market by Application
9.3.5.5 South Korea Aerosol Propellants Market
9.3.5.5.1 South Korea Aerosol Propellants Market by Product
9.3.5.5.2 South Korea Aerosol Propellants Market by Application
9.3.5.6 Rest of Asia-Pacific Aerosol Propellants Market
9.3.5.6.1 Rest of Asia-Pacific Aerosol Propellants Market by Product
9.3.5.6.2 Rest of Asia-Pacific Aerosol Propellants Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aerosol Propellants Market Overview
9.4.2 Middle East and Africa Aerosol Propellants Market Forecasts and Analysis
9.4.3 Middle East and Africa Aerosol Propellants Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Aerosol Propellants Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aerosol Propellants Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aerosol Propellants Market
9.4.5.1.1 South Africa Aerosol Propellants Market by Product
9.4.5.1.2 South Africa Aerosol Propellants Market by Application
9.4.5.2 Saudi Arabia Aerosol Propellants Market
9.4.5.2.1 Saudi Arabia Aerosol Propellants Market by Product
9.4.5.2.2 Saudi Arabia Aerosol Propellants Market by Application
9.4.5.3 U.A.E Aerosol Propellants Market
9.4.5.3.1 U.A.E Aerosol Propellants Market by Product
9.4.5.3.2 U.A.E Aerosol Propellants Market by Application
9.4.5.4 Rest of Middle East and Africa Aerosol Propellants Market
9.4.5.4.1 Rest of Middle East and Africa Aerosol Propellants Market by Product
9.4.5.4.2 Rest of Middle East and Africa Aerosol Propellants Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aerosol Propellants Market Overview
9.5.2 South and Central America Aerosol Propellants Market Forecasts and Analysis
9.5.3 South and Central America Aerosol Propellants Market Forecasts and Analysis - By Product
9.5.4 South and Central America Aerosol Propellants Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aerosol Propellants Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aerosol Propellants Market
9.5.5.1.1 Brazil Aerosol Propellants Market by Product
9.5.5.1.2 Brazil Aerosol Propellants Market by Application
9.5.5.2 Argentina Aerosol Propellants Market
9.5.5.2.1 Argentina Aerosol Propellants Market by Product
9.5.5.2.2 Argentina Aerosol Propellants Market by Application
9.5.5.3 Rest of South and Central America Aerosol Propellants Market
9.5.5.3.1 Rest of South and Central America Aerosol Propellants Market by Product
9.5.5.3.2 Rest of South and Central America Aerosol Propellants 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. AEROSOL PROPELLANTS MARKET, KEY COMPANY PROFILES
11.1. HONEYWELL INTERNATIONAL INC.
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. THE CHEMOURS COMPANY
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. ROYAL DUTCH SHELL
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. ARKEMA 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. AKZO NOBEL N.V.
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. LAPOLLA INDUSTRIES INC
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. BOC INDUSTRIAL GASES
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. AVEFLOR
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. DUPONT
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. AEROPRES CORPORATION
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. Honeywell International Inc.
2. The Chemours Company
3. Royal Dutch Shell
4. Arkema Group
5. Akzo Nobel N.V.
6. Lapolla Industries Inc
7. BOC Industrial Gases
8. Aveflor
9. DuPont
10. Aeropres Corporation

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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