Ethyl Tertiary Butyl Ether Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Ethyl tert-butyl ether (ETBE) is primarily used as an oxygenate gasoline additive in the production of gasoline from crude oil. It is used as an engine fuel additive to reduce emissions of carbon monoxide and soot. It is ether and a volatile organic compound. Unlike ethanol, ethyl tert-butyl ether does not induce evaporation of gasoline, which is one of the causes of smog and does not absorb moisture from the atmosphere. Ethyl tert-butyl ether is manufactured on an industrial scale by the acidic etherification of isobutylene with ethanol at a temperature of 30-110 °C.
MARKET DYNAMICS
The ethyl tertiary butyl ether market has witnessed a significant growth owing to factors such as growing application in different end-use industries including pharmaceutical, chemical, petrochemical, paints and coatings, and others. Ethyl tertiary butyl ether is used as an octane booster to replace carcinogenic and toxic compounds such as lead. Ethyl tertiary butyl ether has characteristic properties such as high octane number, low vapor pressure, and low boiling point, which makes it a multipurpose gasoline blending component for the refiners by satisfying both the needs of incorporating bio component and octane rating. However, fluctuation in the raw material prices may hamper this market in the near future. Nevertheless, with the robust growth in the petrochemical and paint & coatings industry, there is an opportunity for the market players to invest in this market.
MARKET SCOPE
The "Global Ethyl Tertiary Butyl Ether Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ethyl tertiary butyl ether market with detailed market segmentation by end-use industry, distribution channel, and geography. The global ethyl tertiary butyl ether market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ethyl tertiary butyl ether market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ethyl tertiary butyl ether market is segmented on the basis of end-use industry and distribution channel. On the basis of end-use industry, the ethyl tertiary butyl ether market is segmented into pharmaceutical, chemical, petrochemical, paints and coatings, and others. The ethyl tertiary butyl ether market on the basis of the distribution channel is classified into online retailing and offline retailing.
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 ethyl tertiary butyl ether 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), Middle East and Africa (MEA) and South America. The ethyl tertiary butyl ether 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 ethyl tertiary butyl ether 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 ethyl tertiary butyl ether market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ethyl tertiary butyl ether 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), Middle East and Africa (MEA) and South America. The ethyl tertiary butyl ether 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 ethyl tertiary butyl ether 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 ethyl tertiary butyl ether market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global ethyl tertiary butyl ether market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 ethyl tertiary butyl ether market are anticipated to lucrative growth opportunities in the future with the rising demand for ethyl tertiary butyl ether in the global market. Below mentioned is the list of few companies engaged in the ethyl tertiary butyl ether market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethyl tertiary butyl ether 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.
- China National Petroleum Corporation
- Emirates National Oil Company
- Evonik Industries AG
- Exxon Mobil Corporation
- Huntsman Corporation
- Reliance Industries Limited
- Royal Dutch Shell PLC
- Sinopec
- SABIC
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
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ethyl Tertiary Butyl Ether Market - By End-Use Industry
1.3.2 Ethyl Tertiary Butyl Ether Market - By Distribution Channel
1.3.3 Ethyl Tertiary Butyl Ether Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ETHYL TERTIARY BUTYL ETHER 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. ETHYL TERTIARY BUTYL ETHER 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. ETHYL TERTIARY BUTYL ETHER MARKET - GLOBAL MARKET ANALYSIS
6.1. ETHYL TERTIARY BUTYL ETHER - GLOBAL MARKET OVERVIEW
6.2. ETHYL TERTIARY BUTYL ETHER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ETHYL TERTIARY BUTYL ETHER MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
7.1. OVERVIEW
7.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
7.3. PHARMACEUTICAL
7.3.1. Overview
7.3.2. Pharmaceutical Market Forecast and Analysis
7.4. CHEMICAL
7.4.1. Overview
7.4.2. Chemical Market Forecast and Analysis
7.5. PETROCHEMICAL
7.5.1. Overview
7.5.2. Petrochemical Market Forecast and Analysis
7.6. PAINTS AND COATINGS
7.6.1. Overview
7.6.2. Paints and coatings Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ETHYL TERTIARY BUTYL ETHER MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. ONLINE RETAILING
8.3.1. Overview
8.3.2. Online Retailing Market Forecast and Analysis
8.4. OFFLINE RETAILING
8.4.1. Overview
8.4.2. Offline Retailing Market Forecast and Analysis
9. ETHYL TERTIARY BUTYL ETHER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ethyl Tertiary Butyl Ether Market Overview
9.1.2 North America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis
9.1.3 North America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By End-Use Industry
9.1.4 North America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ethyl Tertiary Butyl Ether Market
9.1.5.1.1 United States Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.1.5.1.2 United States Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.1.5.2 Canada Ethyl Tertiary Butyl Ether Market
9.1.5.2.1 Canada Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.1.5.2.2 Canada Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.1.5.3 Mexico Ethyl Tertiary Butyl Ether Market
9.1.5.3.1 Mexico Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.1.5.3.2 Mexico Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Ethyl Tertiary Butyl Ether Market Overview
9.2.2 Europe Ethyl Tertiary Butyl Ether Market Forecasts and Analysis
9.2.3 Europe Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By End-Use Industry
9.2.4 Europe Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ethyl Tertiary Butyl Ether Market
9.2.5.1.1 Germany Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.2.5.1.2 Germany Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.2.5.2 France Ethyl Tertiary Butyl Ether Market
9.2.5.2.1 France Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.2.5.2.2 France Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.2.5.3 Italy Ethyl Tertiary Butyl Ether Market
9.2.5.3.1 Italy Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.2.5.3.2 Italy Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.2.5.4 United Kingdom Ethyl Tertiary Butyl Ether Market
9.2.5.4.1 United Kingdom Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.2.5.4.2 United Kingdom Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.2.5.5 Russia Ethyl Tertiary Butyl Ether Market
9.2.5.5.1 Russia Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.2.5.5.2 Russia Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.2.5.6 Rest of Europe Ethyl Tertiary Butyl Ether Market
9.2.5.6.1 Rest of Europe Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.2.5.6.2 Rest of Europe Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ethyl Tertiary Butyl Ether Market Overview
9.3.2 Asia-Pacific Ethyl Tertiary Butyl Ether Market Forecasts and Analysis
9.3.3 Asia-Pacific Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By End-Use Industry
9.3.4 Asia-Pacific Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ethyl Tertiary Butyl Ether Market
9.3.5.1.1 Australia Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.3.5.1.2 Australia Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.3.5.2 China Ethyl Tertiary Butyl Ether Market
9.3.5.2.1 China Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.3.5.2.2 China Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.3.5.3 India Ethyl Tertiary Butyl Ether Market
9.3.5.3.1 India Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.3.5.3.2 India Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.3.5.4 Japan Ethyl Tertiary Butyl Ether Market
9.3.5.4.1 Japan Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.3.5.4.2 Japan Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.3.5.5 South Korea Ethyl Tertiary Butyl Ether Market
9.3.5.5.1 South Korea Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.3.5.5.2 South Korea Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Ethyl Tertiary Butyl Ether Market
9.3.5.6.1 Rest of Asia-Pacific Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.3.5.6.2 Rest of Asia-Pacific Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ethyl Tertiary Butyl Ether Market Overview
9.4.2 Middle East and Africa Ethyl Tertiary Butyl Ether Market Forecasts and Analysis
9.4.3 Middle East and Africa Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By End-Use Industry
9.4.4 Middle East and Africa Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ethyl Tertiary Butyl Ether Market
9.4.5.1.1 South Africa Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.4.5.1.2 South Africa Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.4.5.2 Saudi Arabia Ethyl Tertiary Butyl Ether Market
9.4.5.2.1 Saudi Arabia Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.4.5.2.2 Saudi Arabia Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.4.5.3 U.A.E Ethyl Tertiary Butyl Ether Market
9.4.5.3.1 U.A.E Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.4.5.3.2 U.A.E Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Ethyl Tertiary Butyl Ether Market
9.4.5.4.1 Rest of Middle East and Africa Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.4.5.4.2 Rest of Middle East and Africa Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ethyl Tertiary Butyl Ether Market Overview
9.5.2 South and Central America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis
9.5.3 South and Central America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By End-Use Industry
9.5.4 South and Central America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Ethyl Tertiary Butyl Ether Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ethyl Tertiary Butyl Ether Market
9.5.5.1.1 Brazil Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.5.5.1.2 Brazil Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.5.5.2 Argentina Ethyl Tertiary Butyl Ether Market
9.5.5.2.1 Argentina Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.5.5.2.2 Argentina Ethyl Tertiary Butyl Ether Market by Distribution Channel
9.5.5.3 Rest of South and Central America Ethyl Tertiary Butyl Ether Market
9.5.5.3.1 Rest of South and Central America Ethyl Tertiary Butyl Ether Market by End-Use Industry
9.5.5.3.2 Rest of South and Central America Ethyl Tertiary Butyl Ether Market by Distribution Channel
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. ETHYL TERTIARY BUTYL ETHER MARKET, KEY COMPANY PROFILES
11.1. CHINA NATIONAL PETROLEUM CORPORATION
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. EMIRATES NATIONAL OIL 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. EVONIK INDUSTRIES AG
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. EXXON MOBIL CORPORATION
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. HUNTSMAN CORPORATION
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. RELIANCE INDUSTRIES LIMITED
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. ROYAL DUTCH SHELL PLC
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. SINOPEC
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. SABIC
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
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. China National Petroleum Corporation
2. Emirates National Oil Company
3. Evonik Industries AG
4. Exxon Mobil Corporation
5. Huntsman Corporation
6. Reliance Industries Limited
7. Royal Dutch Shell PLC
8. Sinopec
9. SABIC
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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