Ethylene Oxide Market Strategies and Share 2031
Ethylene Oxide is basically a colorless, flammable gas or liquid which is produced by the reaction of ethylene & oxygen, and silver is utilized as a catalyst. It is further used as a sterilizer in cleaning medical devices, along with it protects them from bacteria also fungus. It is employed in the production of ethylene glycol, ethanolamines, ethoxylates, and glycol ether. Ethylene Oxide further finds its use and application in medical devices, cosmetics, antifreeze, textiles, solvents, detergents, and the food & beverage industry.
MARKET SCOPE
The "Global Ethylene Oxide Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ethylene oxide market with detailed market segmentation by derivative type, end-use industry, and geography. The report provides key statistics on the market status of the leading ethylene oxide market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on derivative type, the market is bifurcated into ethylene glycols, ethoxylates, ethanolamines, glycol ethers, and others
- Based on end-use industry, the market is bifurcated into automotive, agrochemicals, food and beverage, personal care, pharmaceuticals, and others
MARKET DYNAMICS
Drivers:
- Higher use in the production of ethylene glycol which is further used in various applications like pet resins, polyester fibers, and antifreeze for engines among others
- Growing usage of PET in the food and beverage industry
- Increase in demand from textile industry
Restraints:
- Toxicity of ethylene oxide that is very injurious to human health may hamper the market growth
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 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), the Middle East and Africa (MEA), and South America. The ethylene oxide 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 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 ethylene oxide market in these regions.
IMPACT OF COVID-19 ON ETHYLENE OXIDE MARKET
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the chemicals and materials industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the ethylene oxide market. However, as the economies are planning to revive their operations, the demand for ethylene oxide is presumed to rise owing to growing application from the end-use industries. In addition, chemicals and materials producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The ethylene oxide 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 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 ethylene oxide market in these regions.
IMPACT OF COVID-19 ON ETHYLENE OXIDE MARKET
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the chemicals and materials industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the ethylene oxide market. However, as the economies are planning to revive their operations, the demand for ethylene oxide is presumed to rise owing to growing application from the end-use industries. In addition, chemicals and materials producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the ethylene oxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from ethylene oxide market are anticipated to witness lucrative growth opportunities in the future with the rising demand for ethylene oxide in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethylene oxide market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.
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 Ethylene Oxide Market - By Derivative Type
1.3.2 Ethylene Oxide Market - By End-Use Industry
1.3.3 Ethylene Oxide Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ETHYLENE OXIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ETHYLENE OXIDE 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 OXIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. ETHYLENE OXIDE - GLOBAL MARKET OVERVIEW
6.2. ETHYLENE OXIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ETHYLENE OXIDE MARKET - REVENUE AND FORECASTS TO 2028 - DERIVATIVE TYPE
7.1. OVERVIEW
7.2. DERIVATIVE TYPE MARKET FORECASTS AND ANALYSIS
7.3. ETHYLENE GLYCOLS
7.3.1. Overview
7.3.2. Ethylene Glycols Market Forecast and Analysis
7.4. ETHOXYLATES
7.4.1. Overview
7.4.2. Ethoxylates Market Forecast and Analysis
7.5. ETHANOLAMINES
7.5.1. Overview
7.5.2. Ethanolamines Market Forecast and Analysis
7.6. GLYCOL ETHERS
7.6.1. Overview
7.6.2. Glycol Ethers Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ETHYLENE OXIDE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AGROCHEMICALS
8.4.1. Overview
8.4.2. Agrochemicals Market Forecast and Analysis
8.5. FOOD AND BEVERAGE
8.5.1. Overview
8.5.2. Food and Beverage Market Forecast and Analysis
8.6. PERSONAL CARE
8.6.1. Overview
8.6.2. Personal Care Market Forecast and Analysis
8.7. PHARMACEUTICALS
8.7.1. Overview
8.7.2. Pharmaceuticals Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ETHYLENE OXIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ethylene Oxide Market Overview
9.1.2 North America Ethylene Oxide Market Forecasts and Analysis
9.1.3 North America Ethylene Oxide Market Forecasts and Analysis - By Derivative Type
9.1.4 North America Ethylene Oxide Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Ethylene Oxide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ethylene Oxide Market
9.1.5.1.1 United States Ethylene Oxide Market by Derivative Type
9.1.5.1.2 United States Ethylene Oxide Market by End-Use Industry
9.1.5.2 Canada Ethylene Oxide Market
9.1.5.2.1 Canada Ethylene Oxide Market by Derivative Type
9.1.5.2.2 Canada Ethylene Oxide Market by End-Use Industry
9.1.5.3 Mexico Ethylene Oxide Market
9.1.5.3.1 Mexico Ethylene Oxide Market by Derivative Type
9.1.5.3.2 Mexico Ethylene Oxide Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Ethylene Oxide Market Overview
9.2.2 Europe Ethylene Oxide Market Forecasts and Analysis
9.2.3 Europe Ethylene Oxide Market Forecasts and Analysis - By Derivative Type
9.2.4 Europe Ethylene Oxide Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Ethylene Oxide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ethylene Oxide Market
9.2.5.1.1 Germany Ethylene Oxide Market by Derivative Type
9.2.5.1.2 Germany Ethylene Oxide Market by End-Use Industry
9.2.5.2 France Ethylene Oxide Market
9.2.5.2.1 France Ethylene Oxide Market by Derivative Type
9.2.5.2.2 France Ethylene Oxide Market by End-Use Industry
9.2.5.3 Italy Ethylene Oxide Market
9.2.5.3.1 Italy Ethylene Oxide Market by Derivative Type
9.2.5.3.2 Italy Ethylene Oxide Market by End-Use Industry
9.2.5.4 United Kingdom Ethylene Oxide Market
9.2.5.4.1 United Kingdom Ethylene Oxide Market by Derivative Type
9.2.5.4.2 United Kingdom Ethylene Oxide Market by End-Use Industry
9.2.5.5 Russia Ethylene Oxide Market
9.2.5.5.1 Russia Ethylene Oxide Market by Derivative Type
9.2.5.5.2 Russia Ethylene Oxide Market by End-Use Industry
9.2.5.6 Rest of Europe Ethylene Oxide Market
9.2.5.6.1 Rest of Europe Ethylene Oxide Market by Derivative Type
9.2.5.6.2 Rest of Europe Ethylene Oxide Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ethylene Oxide Market Overview
9.3.2 Asia-Pacific Ethylene Oxide Market Forecasts and Analysis
9.3.3 Asia-Pacific Ethylene Oxide Market Forecasts and Analysis - By Derivative Type
9.3.4 Asia-Pacific Ethylene Oxide Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Ethylene Oxide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ethylene Oxide Market
9.3.5.1.1 Australia Ethylene Oxide Market by Derivative Type
9.3.5.1.2 Australia Ethylene Oxide Market by End-Use Industry
9.3.5.2 China Ethylene Oxide Market
9.3.5.2.1 China Ethylene Oxide Market by Derivative Type
9.3.5.2.2 China Ethylene Oxide Market by End-Use Industry
9.3.5.3 India Ethylene Oxide Market
9.3.5.3.1 India Ethylene Oxide Market by Derivative Type
9.3.5.3.2 India Ethylene Oxide Market by End-Use Industry
9.3.5.4 South Korea Ethylene Oxide Market
9.3.5.4.1 South Korea Ethylene Oxide Market by Derivative Type
9.3.5.4.2 South Korea Ethylene Oxide Market by End-Use Industry
9.3.5.5 Rest of Asia-Pacific Ethylene Oxide Market
9.3.5.5.1 Rest of Asia-Pacific Ethylene Oxide Market by Derivative Type
9.3.5.5.2 Rest of Asia-Pacific Ethylene Oxide Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ethylene Oxide Market Overview
9.4.2 Middle East and Africa Ethylene Oxide Market Forecasts and Analysis
9.4.3 Middle East and Africa Ethylene Oxide Market Forecasts and Analysis - By Derivative Type
9.4.4 Middle East and Africa Ethylene Oxide Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Ethylene Oxide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ethylene Oxide Market
9.4.5.1.1 South Africa Ethylene Oxide Market by Derivative Type
9.4.5.1.2 South Africa Ethylene Oxide Market by End-Use Industry
9.4.5.2 Saudi Arabia Ethylene Oxide Market
9.4.5.2.1 Saudi Arabia Ethylene Oxide Market by Derivative Type
9.4.5.2.2 Saudi Arabia Ethylene Oxide Market by End-Use Industry
9.4.5.3 U.A.E Ethylene Oxide Market
9.4.5.3.1 U.A.E Ethylene Oxide Market by Derivative Type
9.4.5.3.2 U.A.E Ethylene Oxide Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Ethylene Oxide Market
9.4.5.4.1 Rest of Middle East and Africa Ethylene Oxide Market by Derivative Type
9.4.5.4.2 Rest of Middle East and Africa Ethylene Oxide Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ethylene Oxide Market Overview
9.5.2 South and Central America Ethylene Oxide Market Forecasts and Analysis
9.5.3 South and Central America Ethylene Oxide Market Forecasts and Analysis - By Derivative Type
9.5.4 South and Central America Ethylene Oxide Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Ethylene Oxide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ethylene Oxide Market
9.5.5.1.1 Brazil Ethylene Oxide Market by Derivative Type
9.5.5.1.2 Brazil Ethylene Oxide Market by End-Use Industry
9.5.5.2 Argentina Ethylene Oxide Market
9.5.5.2.1 Argentina Ethylene Oxide Market by Derivative Type
9.5.5.2.2 Argentina Ethylene Oxide Market by End-Use Industry
9.5.5.3 Rest of South and Central America Ethylene Oxide Market
9.5.5.3.1 Rest of South and Central America Ethylene Oxide Market by Derivative Type
9.5.5.3.2 Rest of South and Central America Ethylene Oxide Market by End-Use Industry
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 OXIDE MARKET, KEY COMPANY PROFILES
11.1. AKZO NOBEL N.V.
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. BASF SE
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. CHINA PETROLEUM AND CHEMICAL CORPORATION
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. CLARIANT AG
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. DOW
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. EXXON MOBIL CORPORATION
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. LOTTE ENGINEERING AND CONSTRUCTION
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. HUNTSMAN CORPORATION
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. INEOS OXIDE
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. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
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. Akzo Nobel N.V.
2. BASF SE
3. China Petroleum and Chemical Corporation
4. Clariant AG
5. Dow
6. Exxon Mobil Corporation
7. LOTTE Engineering and Construction
8. Huntsman Corporation
9. Ineos Oxide
10. LyondellBasell Industries Holdings B.V.
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.
Get Free Sample For