The Dimethyl Terephthalate Market is expected to register a CAGR of 5.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by form (flake dimethyl terephthalate and liquid dimethyl terephthalate). The report is further segmented by application (polyethylene terephthalate, polybutylene terephthalate, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Dimethyl Terephthalate 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.
Dimethyl Terephthalate Market Segmentation
Form- Flake Dimethyl Terephthalate
- Liquid Dimethyl Terephthalate
- Polyethylene Terephthalate
- Polybutylene Terephthalate
Strategic Insights
Dimethyl Terephthalate Market Growth Drivers- Rising Demand for PET Plastics: The high growth in demand for PET plastics is one of the leading market drivers for dimethyl terephthalate (DMT), the prime intermediate in the production of PET. Extensively used in plastic bottles, containers, and packaging materials, PET is seen in plastic products and packaging due to packaged consumer product markets, beverages, and pharmaceuticals across the globe.
- DMT's Role in Automotive and Textiles: The booming automobile industry, especially in the light vehicle segment, needs polyester fibers for the interior trim parts, such as seat covers, carpets, and upholstery. In addition, the increasing market for fine, durable textiles, including fashion, home textiles, and technical textiles, will also demand DMT. These industries have shifted towards lighter, stronger, and more resistant materials that can open more of the market for dimethyl terephthalate.
- Sustainability and Recycling in DMT Production: As more global concerns for the environment and sustainability arise, so does the growing interest of people in recycling and reuse of materials. Among the plastics recycled today is PET, coming from DMT. The main material in recycling is bottles made of PET. And this trend is moving towards more sustainable production practices. DMT's contribution is crucial to the pet production process as well as enhanced recycling programs. This, therefore, forces the firms and authorities to reduce plastic waste, thus leading to increased demand in the market.
- Shift to Bio-Based DMT Production: The main trend of the DMT market is in favor of bio-based and sustainable production. While in the past DMT was mainly produced from petrochemical feedstocks, now, companies are shifting to bio-based alternatives due to consumers' and industrialists' demand for lower environmental footprints through renewable raw materials, such as plant-based sugars and biomass.
- Advancements in PET Recycling and DMT: Technological advancements, especially in PET recycling through chemical recycling processes, are positively driving the DMT market. Chemical recycling breaks down PET plastics into their basic monomers, which include DMT, and these can be reused to produce new PET products. These trends reduce virgin, petrochemical-based DMT dependence and align with circular economy policies. Such innovations in recycling technology help minimize waste generation and improve sustainability within the PET value chain.
- DMT Demand Growth in Emerging Markets: Demand for DMT is growing very fast in emerging markets such as China, India, and South East Asia. The increase in urbanization and disposal incomes in these emerging markets increases demand for packaged goods, textile, and automobile products thus increasing DMT requirement. Manufacturers in these emerging markets respond to this trend by increasing the production capacities and distribution networks with the intention of enhancing growth.
- Growth of DMT in Eco-Friendly Packaging: With consumers and governments increasingly demanding more environmentally friendly packaging, DMT PET-derived plastics have an excellent opportunity for growth in the packaging sector. PET is already recognized as one of the most recyclable and lightweight types of plastics available. As advancements continue in PET recycling, DMT will likely gain recognition as a supplier of eco-friendly packaging solutions. This rising demand for sustainable packaging gives DMT a solid chance to respond effectively to the evolving needs of the market.
- DMT's Role in Electric Vehicle Market: The electric vehicle market is growing, and since automotive manufacturers are trying to minimize the weight of a vehicle to enhance energy efficiency, demand for lightweight materials such as polyester fibers is increasing. The high-performance polyester fibers from DMT are essential ingredients in producing lightweight automotive parts. With electric vehicles increasingly growing in numbers, DMT has ample opportunities to penetrate the system as the globe moves to sustainability in transportation.
- DMT Opportunities in E-Commerce and Fashion: The fast and furious boom in e-commerce and the fashion industry provides ample opportunity in DMT. Both sectors mainly use PET-based fibers for packing and dressing the stuff, and fast-growing fashion demands less expensive quality synthetic fibers, increasing DMT-derived polyester needs. The rise in e-commerce demands more use of PET-based packaging solutions, mainly for shipping and product protection. These growing markets create continuous opportunities for DMT producers to expand their businesses into new markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dimethyl Terephthalate 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 Dimethyl Terephthalate 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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
This text is related
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
Shift towards bio-based and sustainable DMT production is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the dimethyl terephthalate market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The major factors driving the dimethyl terephthalate market are:
1. Growing Demand for PET (Polyethylene Terephthalate) Plastics.
2. Rising Demand for High-Performance Fibers in Automotive and Textile Industries.
Fiber Intermediate Products Co#Eastman Chemical Co#SASA Polyester Sanayi AS#OAO Mogilevkhimvolokno#Connect Chemicals#Sarna Chemicals#SK chemicals#Yangzhou Juhechang Technology Co Ltd#ANTARES CHEM PVT LTD
The Dimethyl Terephthalate Market is estimated to witness a CAGR of 5.3% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Dimethyl Terephthalate Market - By Product form
1.3.2 Dimethyl Terephthalate Market - By Application
1.3.3 Dimethyl Terephthalate Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIMETHYL TEREPHTHALATE 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. DIMETHYL TEREPHTHALATE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DIMETHYL TEREPHTHALATE MARKET - GLOBAL MARKET ANALYSIS
6.1. DIMETHYL TEREPHTHALATE - GLOBAL MARKET OVERVIEW
6.2. DIMETHYL TEREPHTHALATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIMETHYL TEREPHTHALATE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT FORM
7.1. OVERVIEW
7.2. PRODUCT FORM MARKET FORECASTS AND ANALYSIS
7.3. FLAKE (SOLID) DMT
7.3.1. Overview
7.3.2. Flake (Solid) DMT Market Forecast and Analysis
7.4. LIQUID DMT
7.4.1. Overview
7.4.2. Liquid DMT Market Forecast and Analysis
8. DIMETHYL TEREPHTHALATE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POLYETHYLENE TEREPHTHALATE (PET)
8.3.1. Overview
8.3.2. Polyethylene Terephthalate (PET) Market Forecast and Analysis
8.4. POLYBUTYLENE TEREPHTHALATE (PBT)
8.4.1. Overview
8.4.2. Polybutylene Terephthalate (PBT) Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. DIMETHYL TEREPHTHALATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Dimethyl Terephthalate Market Overview
9.1.2 North America Dimethyl Terephthalate Market Forecasts and Analysis
9.1.3 North America Dimethyl Terephthalate Market Forecasts and Analysis - By Product form
9.1.4 North America Dimethyl Terephthalate Market Forecasts and Analysis - By Application
9.1.5 North America Dimethyl Terephthalate Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Dimethyl Terephthalate Market
9.1.5.1.1 Canada Dimethyl Terephthalate Market by Product form
9.1.5.1.2 Canada Dimethyl Terephthalate Market by Application
9.1.5.2 Mexico Dimethyl Terephthalate Market
9.1.5.2.1 Mexico Dimethyl Terephthalate Market by Product form
9.1.5.2.2 Mexico Dimethyl Terephthalate Market by Application
9.1.5.3 US Dimethyl Terephthalate Market
9.1.5.3.1 US Dimethyl Terephthalate Market by Product form
9.1.5.3.2 US Dimethyl Terephthalate Market by Application
9.2. EUROPE
9.2.1 Europe Dimethyl Terephthalate Market Overview
9.2.2 Europe Dimethyl Terephthalate Market Forecasts and Analysis
9.2.3 Europe Dimethyl Terephthalate Market Forecasts and Analysis - By Product form
9.2.4 Europe Dimethyl Terephthalate Market Forecasts and Analysis - By Application
9.2.5 Europe Dimethyl Terephthalate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Dimethyl Terephthalate Market
9.2.5.1.1 Germany Dimethyl Terephthalate Market by Product form
9.2.5.1.2 Germany Dimethyl Terephthalate Market by Application
9.2.5.2 France Dimethyl Terephthalate Market
9.2.5.2.1 France Dimethyl Terephthalate Market by Product form
9.2.5.2.2 France Dimethyl Terephthalate Market by Application
9.2.5.3 Italy Dimethyl Terephthalate Market
9.2.5.3.1 Italy Dimethyl Terephthalate Market by Product form
9.2.5.3.2 Italy Dimethyl Terephthalate Market by Application
9.2.5.4 United Kingdom Dimethyl Terephthalate Market
9.2.5.4.1 United Kingdom Dimethyl Terephthalate Market by Product form
9.2.5.4.2 United Kingdom Dimethyl Terephthalate Market by Application
9.2.5.5 Russia Dimethyl Terephthalate Market
9.2.5.5.1 Russia Dimethyl Terephthalate Market by Product form
9.2.5.5.2 Russia Dimethyl Terephthalate Market by Application
9.2.5.6 Rest of Europe Dimethyl Terephthalate Market
9.2.5.6.1 Rest of Europe Dimethyl Terephthalate Market by Product form
9.2.5.6.2 Rest of Europe Dimethyl Terephthalate Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Dimethyl Terephthalate Market Overview
9.3.2 Asia-Pacific Dimethyl Terephthalate Market Forecasts and Analysis
9.3.3 Asia-Pacific Dimethyl Terephthalate Market Forecasts and Analysis - By Product form
9.3.4 Asia-Pacific Dimethyl Terephthalate Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Dimethyl Terephthalate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Dimethyl Terephthalate Market
9.3.5.1.1 Australia Dimethyl Terephthalate Market by Product form
9.3.5.1.2 Australia Dimethyl Terephthalate Market by Application
9.3.5.2 China Dimethyl Terephthalate Market
9.3.5.2.1 China Dimethyl Terephthalate Market by Product form
9.3.5.2.2 China Dimethyl Terephthalate Market by Application
9.3.5.3 India Dimethyl Terephthalate Market
9.3.5.3.1 India Dimethyl Terephthalate Market by Product form
9.3.5.3.2 India Dimethyl Terephthalate Market by Application
9.3.5.4 Japan Dimethyl Terephthalate Market
9.3.5.4.1 Japan Dimethyl Terephthalate Market by Product form
9.3.5.4.2 Japan Dimethyl Terephthalate Market by Application
9.3.5.5 South Korea Dimethyl Terephthalate Market
9.3.5.5.1 South Korea Dimethyl Terephthalate Market by Product form
9.3.5.5.2 South Korea Dimethyl Terephthalate Market by Application
9.3.5.6 Rest of Asia-Pacific Dimethyl Terephthalate Market
9.3.5.6.1 Rest of Asia-Pacific Dimethyl Terephthalate Market by Product form
9.3.5.6.2 Rest of Asia-Pacific Dimethyl Terephthalate Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Dimethyl Terephthalate Market Overview
9.4.2 Middle East and Africa Dimethyl Terephthalate Market Forecasts and Analysis
9.4.3 Middle East and Africa Dimethyl Terephthalate Market Forecasts and Analysis - By Product form
9.4.4 Middle East and Africa Dimethyl Terephthalate Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Dimethyl Terephthalate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Dimethyl Terephthalate Market
9.4.5.1.1 South Africa Dimethyl Terephthalate Market by Product form
9.4.5.1.2 South Africa Dimethyl Terephthalate Market by Application
9.4.5.2 Saudi Arabia Dimethyl Terephthalate Market
9.4.5.2.1 Saudi Arabia Dimethyl Terephthalate Market by Product form
9.4.5.2.2 Saudi Arabia Dimethyl Terephthalate Market by Application
9.4.5.3 U.A.E Dimethyl Terephthalate Market
9.4.5.3.1 U.A.E Dimethyl Terephthalate Market by Product form
9.4.5.3.2 U.A.E Dimethyl Terephthalate Market by Application
9.4.5.4 Rest of Middle East and Africa Dimethyl Terephthalate Market
9.4.5.4.1 Rest of Middle East and Africa Dimethyl Terephthalate Market by Product form
9.4.5.4.2 Rest of Middle East and Africa Dimethyl Terephthalate Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Dimethyl Terephthalate Market Overview
9.5.2 South and Central America Dimethyl Terephthalate Market Forecasts and Analysis
9.5.3 South and Central America Dimethyl Terephthalate Market Forecasts and Analysis - By Product form
9.5.4 South and Central America Dimethyl Terephthalate Market Forecasts and Analysis - By Application
9.5.5 South and Central America Dimethyl Terephthalate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Dimethyl Terephthalate Market
9.5.5.1.1 Brazil Dimethyl Terephthalate Market by Product form
9.5.5.1.2 Brazil Dimethyl Terephthalate Market by Application
9.5.5.2 Argentina Dimethyl Terephthalate Market
9.5.5.2.1 Argentina Dimethyl Terephthalate Market by Product form
9.5.5.2.2 Argentina Dimethyl Terephthalate Market by Application
9.5.5.3 Rest of South and Central America Dimethyl Terephthalate Market
9.5.5.3.1 Rest of South and Central America Dimethyl Terephthalate Market by Product form
9.5.5.3.2 Rest of South and Central America Dimethyl Terephthalate 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. DIMETHYL TEREPHTHALATE MARKET, KEY COMPANY PROFILES
11.1. A.B. ENTERPRISES
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. EASTMAN CHEMICAL 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. FIBER INTERMEDIATE PRODUCTS CO.
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. JSC MOGILEVKHIMVOLOKNO
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. MERCK KGAA
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. SARNA CHEMICALS PVT. 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. SASA
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. SK PETROCHEMICAL CO.,LTD
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. TCI CHEMICALS
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. TEIJIN 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.A.B. Enterprises
2.Eastman Chemical Company
3.Fiber Intermediate Products Co.
4.JSC Mogilevkhimvolokno
5.Merck KGaA
6.Sarna Chemicals Pvt. Ltd.
7.SASA
8.SK Petrochemical Co.,Ltd
9.TCI Chemicals
10.Teijin 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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