Ethylene Bis Stearamide Market Trends, Share, and Growth (2021-2031)
The Ethylene Bis Stearamide 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.
Ethylene Bis Stearamide Market covers analysis By Form (Beads, Powder, Fine Powder); Application (Plastic Manufacturing, Inks and Coatings, Adhesives and Tapes, Rubber Manufacturing, Asphalts and Potting Compounds, Powder Metallurgy, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Ethylene Bis Stearamide is an organic compound, which is basically a waxy white solid and is available in powder as well as beads forms and is widely used as a form release agent. The compound is formed from the reaction of stearic acid and ethylenediamine.
Purpose of the ReportThe report Ethylene Bis Stearamide 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.
Ethylene Bis Stearamide Market Segmentation
Form- Beads
- Powder
- Fine Powder
- Plastic Manufacturing
- Inks and Coatings
- Adhesives and Tapes
- Rubber Manufacturing
- Asphalts and Potting Compounds
- Powder Metallurgy
Strategic Insights
Ethylene Bis Stearamide Market Growth Drivers- Strong Demand from Plastics and Rubber Industries: Ethylene Bis Stearamide (EBS) is widely used as a lubricant and processing aid in the production of plastics, particularly polyethylene and polypropylene. It helps increase the speed of processing and enhances product quality, hence, an indispensable component in the manufacturing process. The increasing use of plastics in packaging, automotive, and construction is fueling the EBS market.
- Higher demand for non-toxic and environmentally friendly additives: As industries are becoming more focused on sustainability and eco-friendly alternatives, the demand for non-toxic additives such as EBS is increasing. This has a particular relevance in food packaging, consumer goods, and personal care, where pressures from regulations and consumer preferences will require safer alternatives to conventional chemicals.
- Expansion of the Automotive Industry: The growth of the automobile industry, especially in the emerging markets, is fast and driving demand for EBS. The compound is used in tire manufacturing and rubber products, which are critical for automobile production. As global vehicle production increases, EBS consumption is expected to increase as well.
- Moving Toward Bio-Based EBS: There is a trend in the development of bio-based and renewable alternatives to traditional petrochemical-based EBS. Bio-based EBS formulations are gaining popularity in food packaging, cosmetics, and personal care industries that require sustainable products. The demand for greener products from consumers and businesses is on the rise, and bio-based EBS offers an environmentally friendly alternative that does not compromise performance.
- Advancements in EBS Production Technology: Technological advancement has improved the production process for EBS. Manufacturers are more focused on reducing the cost of production, improving yield, and optimizing feedstocks usage. Such innovations in technology have enabled high-quality performance while increasing production to meet the rising demand.
- Increasing Applications in Coatings and Inks: EBS is being used in more and more applications for coatings, inks, and paints as a dispersing agent, anti-blocking agent, and lubricant. In construction, automotive, and consumer goods sectors, there are growing demands for decorative and industrial coatings. Thus, EBS will continue to find new applications as coatings develop high-performance environmentally friendly coatings.
- Expansion in the Packaging Industry: The demand for EBS to produce high-quality plastic films and coatings in packaging products will continue to expand globally, especially in the food and beverage sectors. With respect to EBS, there will be improved processability in packaging materials, better surface properties, and heat stability to open up further scopes of growth in the market of this sector.
- High application in Personal Care and Cosmetics: EBS is applied as an emulsifier, thickener, and dispersing agent in personal care and cosmetic products. In this beauty industry, which has been shifting towards organic and natural ingredients, there is huge scope for EBS in those formulations. It is applicable in creams, lotions, and deodorants, which is raising demand in the personal care segment.
- Opportunities in Emerging Markets: The Asia-Pacific region, Latin America, and the Middle East are seen as growing opportunities for EBS in the emerging market. Their fast-paced industrialization, rapid urbanization, and strong automotive and manufacturing sectors ensure that a higher demand exists for EBS in various applications involving plastics, rubber, and coatings. Thus, while the regions develop infrastructures and build manufacturing capabilities, their use of EBS is expected to increase for most industrial purposes.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ethylene Bis Stearamide 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 Ethylene Bis Stearamide 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
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
The North America market is expected to account for the highest CAGR during the forecast period owing to increased plastic production in the region.
The plastic manufacturing application segment accounted for the largest market share in 2023.
Ark Chemical, Changzhou Chemplasa New Materials Technology Co., Ltd, DEUREX AG, Jiangxi Hongyuan Chemical Industry Co., Ltd, Kao Corporation, KLK OLEO, Mitsubishi Chemical Corporation, Qingdao Sainuo Chemical Co., LTD, SINWON INDUSTRIAL CO., LTD, and SpecialChem are some of the key players in the market.
The growing plastic production globally is a key driver in the market.
The Ethylene Bis Stearamide Market is estimated to witness a CAGR of 5% from 2023 to 2031
The growing demand for biodegardable is an emerging trend in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ethylene Bis Stearamide Market - By Form
1.3.2 Ethylene Bis Stearamide Market - By Application
1.3.3 Ethylene Bis Stearamide Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ETHYLENE BIS STEARAMIDE 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. ETHYLENE BIS STEARAMIDE 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. ETHYLENE BIS STEARAMIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. ETHYLENE BIS STEARAMIDE - GLOBAL MARKET OVERVIEW
6.2. ETHYLENE BIS STEARAMIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ETHYLENE BIS STEARAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. BEADS
7.3.1. Overview
7.3.2. Beads Market Forecast and Analysis
7.4. POWDER
7.4.1. Overview
7.4.2. Powder Market Forecast and Analysis
7.5. FINE POWDER
7.5.1. Overview
7.5.2. Fine Powder Market Forecast and Analysis
8. ETHYLENE BIS STEARAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PLASTIC MANUFACTURING
8.3.1. Overview
8.3.2. Plastic Manufacturing Market Forecast and Analysis
8.4. INKS AND COATINGS
8.4.1. Overview
8.4.2. Inks and Coatings Market Forecast and Analysis
8.5. ADHESIVES AND TAPES
8.5.1. Overview
8.5.2. Adhesives and Tapes Market Forecast and Analysis
8.6. RUBBER MANUFACTURING
8.6.1. Overview
8.6.2. Rubber Manufacturing Market Forecast and Analysis
8.7. ASPHALTS AND POTTING COMPOUNDS
8.7.1. Overview
8.7.2. Asphalts and Potting Compounds Market Forecast and Analysis
8.8. POWDER METALLURGY
8.8.1. Overview
8.8.2. Powder Metallurgy Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. ETHYLENE BIS STEARAMIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ethylene Bis Stearamide Market Overview
9.1.2 North America Ethylene Bis Stearamide Market Forecasts and Analysis
9.1.3 North America Ethylene Bis Stearamide Market Forecasts and Analysis - By Form
9.1.4 North America Ethylene Bis Stearamide Market Forecasts and Analysis - By Application
9.1.5 North America Ethylene Bis Stearamide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ethylene Bis Stearamide Market
9.1.5.1.1 United States Ethylene Bis Stearamide Market by Form
9.1.5.1.2 United States Ethylene Bis Stearamide Market by Application
9.1.5.2 Canada Ethylene Bis Stearamide Market
9.1.5.2.1 Canada Ethylene Bis Stearamide Market by Form
9.1.5.2.2 Canada Ethylene Bis Stearamide Market by Application
9.1.5.3 Mexico Ethylene Bis Stearamide Market
9.1.5.3.1 Mexico Ethylene Bis Stearamide Market by Form
9.1.5.3.2 Mexico Ethylene Bis Stearamide Market by Application
9.2. EUROPE
9.2.1 Europe Ethylene Bis Stearamide Market Overview
9.2.2 Europe Ethylene Bis Stearamide Market Forecasts and Analysis
9.2.3 Europe Ethylene Bis Stearamide Market Forecasts and Analysis - By Form
9.2.4 Europe Ethylene Bis Stearamide Market Forecasts and Analysis - By Application
9.2.5 Europe Ethylene Bis Stearamide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ethylene Bis Stearamide Market
9.2.5.1.1 Germany Ethylene Bis Stearamide Market by Form
9.2.5.1.2 Germany Ethylene Bis Stearamide Market by Application
9.2.5.2 France Ethylene Bis Stearamide Market
9.2.5.2.1 France Ethylene Bis Stearamide Market by Form
9.2.5.2.2 France Ethylene Bis Stearamide Market by Application
9.2.5.3 Italy Ethylene Bis Stearamide Market
9.2.5.3.1 Italy Ethylene Bis Stearamide Market by Form
9.2.5.3.2 Italy Ethylene Bis Stearamide Market by Application
9.2.5.4 United Kingdom Ethylene Bis Stearamide Market
9.2.5.4.1 United Kingdom Ethylene Bis Stearamide Market by Form
9.2.5.4.2 United Kingdom Ethylene Bis Stearamide Market by Application
9.2.5.5 Russia Ethylene Bis Stearamide Market
9.2.5.5.1 Russia Ethylene Bis Stearamide Market by Form
9.2.5.5.2 Russia Ethylene Bis Stearamide Market by Application
9.2.5.6 Rest of Europe Ethylene Bis Stearamide Market
9.2.5.6.1 Rest of Europe Ethylene Bis Stearamide Market by Form
9.2.5.6.2 Rest of Europe Ethylene Bis Stearamide Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ethylene Bis Stearamide Market Overview
9.3.2 Asia-Pacific Ethylene Bis Stearamide Market Forecasts and Analysis
9.3.3 Asia-Pacific Ethylene Bis Stearamide Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Ethylene Bis Stearamide Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Ethylene Bis Stearamide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ethylene Bis Stearamide Market
9.3.5.1.1 Australia Ethylene Bis Stearamide Market by Form
9.3.5.1.2 Australia Ethylene Bis Stearamide Market by Application
9.3.5.2 China Ethylene Bis Stearamide Market
9.3.5.2.1 China Ethylene Bis Stearamide Market by Form
9.3.5.2.2 China Ethylene Bis Stearamide Market by Application
9.3.5.3 India Ethylene Bis Stearamide Market
9.3.5.3.1 India Ethylene Bis Stearamide Market by Form
9.3.5.3.2 India Ethylene Bis Stearamide Market by Application
9.3.5.4 Japan Ethylene Bis Stearamide Market
9.3.5.4.1 Japan Ethylene Bis Stearamide Market by Form
9.3.5.4.2 Japan Ethylene Bis Stearamide Market by Application
9.3.5.5 South Korea Ethylene Bis Stearamide Market
9.3.5.5.1 South Korea Ethylene Bis Stearamide Market by Form
9.3.5.5.2 South Korea Ethylene Bis Stearamide Market by Application
9.3.5.6 Rest of Asia-Pacific Ethylene Bis Stearamide Market
9.3.5.6.1 Rest of Asia-Pacific Ethylene Bis Stearamide Market by Form
9.3.5.6.2 Rest of Asia-Pacific Ethylene Bis Stearamide Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ethylene Bis Stearamide Market Overview
9.4.2 Middle East and Africa Ethylene Bis Stearamide Market Forecasts and Analysis
9.4.3 Middle East and Africa Ethylene Bis Stearamide Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Ethylene Bis Stearamide Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Ethylene Bis Stearamide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ethylene Bis Stearamide Market
9.4.5.1.1 South Africa Ethylene Bis Stearamide Market by Form
9.4.5.1.2 South Africa Ethylene Bis Stearamide Market by Application
9.4.5.2 Saudi Arabia Ethylene Bis Stearamide Market
9.4.5.2.1 Saudi Arabia Ethylene Bis Stearamide Market by Form
9.4.5.2.2 Saudi Arabia Ethylene Bis Stearamide Market by Application
9.4.5.3 U.A.E Ethylene Bis Stearamide Market
9.4.5.3.1 U.A.E Ethylene Bis Stearamide Market by Form
9.4.5.3.2 U.A.E Ethylene Bis Stearamide Market by Application
9.4.5.4 Rest of Middle East and Africa Ethylene Bis Stearamide Market
9.4.5.4.1 Rest of Middle East and Africa Ethylene Bis Stearamide Market by Form
9.4.5.4.2 Rest of Middle East and Africa Ethylene Bis Stearamide Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ethylene Bis Stearamide Market Overview
9.5.2 South and Central America Ethylene Bis Stearamide Market Forecasts and Analysis
9.5.3 South and Central America Ethylene Bis Stearamide Market Forecasts and Analysis - By Form
9.5.4 South and Central America Ethylene Bis Stearamide Market Forecasts and Analysis - By Application
9.5.5 South and Central America Ethylene Bis Stearamide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ethylene Bis Stearamide Market
9.5.5.1.1 Brazil Ethylene Bis Stearamide Market by Form
9.5.5.1.2 Brazil Ethylene Bis Stearamide Market by Application
9.5.5.2 Argentina Ethylene Bis Stearamide Market
9.5.5.2.1 Argentina Ethylene Bis Stearamide Market by Form
9.5.5.2.2 Argentina Ethylene Bis Stearamide Market by Application
9.5.5.3 Rest of South and Central America Ethylene Bis Stearamide Market
9.5.5.3.1 Rest of South and Central America Ethylene Bis Stearamide Market by Form
9.5.5.3.2 Rest of South and Central America Ethylene Bis Stearamide 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. ETHYLENE BIS STEARAMIDE MARKET, KEY COMPANY PROFILES
11.1. ARK CHEMICAL
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. CHANGZHOU CHEMPLASA NEW MATERIALS TECHNOLOGY CO., LTD
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. DEUREX 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. JIANGXI HONGYUAN CHEMICAL INDUSTRY CO., LTD.
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. KAO 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. KLK OLEO
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. MITSUBISHI CHEMICAL CORPORATION
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. QINGDAO SAINUO CHEMICAL 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. SINWON INDUSTRIAL 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. SPECIALCHEM
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. Ark Chemical
2. Changzhou Chemplasa New Materials Technology Co., Ltd
3. DEUREX AG
4. Jiangxi Hongyuan Chemical Industry Co., Ltd.
5. Kao Corporation
6. KLK OLEO
7. Mitsubishi Chemical Corporation
8. Qingdao Sainuo Chemical Co., LTD
9. SINWON INDUSTRIAL CO., LTD.
10. SpecialChem
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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