Fatty Acid Methyl Ester Market Updates by 2031
Fatty acid methyl ester is a class of fatty acid esters which is derived by transesterification of fats with methanol. The physical properties of fatty acid methyl esters are more similar to petroleum diesel than pure vegetable oils. The mixture of different fatty acid methyl esters is usually referred as bio diesels. Fatty acid methyl esters is a nontoxic, biodegradable biodiesel that can be produced from a wide range of oil seeds such as sunflower, palm, soy as well as animal fats. It can be used both as a blending component in fossil diesel and also as a pure fuel. Fatty acid methyl ester is fully miscible with fossil diesel and is used to improve lubricating properties. It can also be used as pure fuel in the form of B100.
MARKET DYNAMICS
The global fatty acid methyl ester market is growing at a significant pace owing to driving factors such as increasing demand for fatty acid methyl esters from end-use industries such as leather, coatings, energy, oil, agriculture, and lubricants. It is growingly used as a green solvent in the paints and coating industry owing to its biodegradability and low volatile organic compound content. Growing demand for biodiesel due to its environment-friendly nature, low carbon and green house gas emissions, as well as reduced particulate matter emissions has earned it a large consumer base. The gradual transition of automotive sector to green mobility is anticipated to drive the global fatty acid methyl esters market in the forecast period. Moreover, in leather chemical industry, it is used to produce leather fat liquoring agent, which is used as an excellent textile detergent. Growing detergents demands is anticipated to spur the growth of the global fatty acid methyl esters market growth in the forecast period. As fatty acid methyl esters are biodegradable in nature they should be consumed within six months to avoid oxidation and polymerization process of fatty acid methyl esters. The short storage time compared to petrol based fuels is a drawback to the fatty acid methyl esters industry. Vehicles that run on pure fatty acid methyl esters also need approval by the vehicle manufacturer to ensure compatibility of materials and engine settings. The incompatibilty of fatty acid with seal and hoses made from natural rubber, polyvinyl, and polyprpoylene materials is anticipated to slow the growth of fatty acid methyl esters to some extent.
MARKET SCOPE
The "Global Fatty Acid Methyl Ester 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 fatty acid methyl ester market with detailed market segmentation by, type, application, and geography. The global fatty acid methyl ester market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fatty acid methyl ester market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fatty acid methyl ester market is segmented on the basis of, type and application. On the basis of type, the fatty acid methyl ester market is segmented into, rapeseed methyl ester, soy methyl ester, palm oil methyl ester, and other methyl ester. Based on application, the global fatty acid methyl ester market is segmented into, fuels, lubricants, coatings, metal working fluids, food & agriculture, and others.
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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 fatty acid methyl ester 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 fatty acid methyl ester 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 fatty acid methyl ester 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 fatty acid methyl ester market in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fatty acid methyl ester 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 fatty acid methyl ester 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 fatty acid methyl ester 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 fatty acid methyl ester market in these regions.
MARKET PLAYERS
The reports cover key developments in the fatty acid methyl ester 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 way for the expansion of business and customer base of market players. The market payers from fatty acid methyl ester market are anticipated to lucrative growth opportunities in the future with the rising demand for fatty acid methyl ester in the global market. Below mentioned is the list of few companies engaged in the fatty acid methyl ester market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fatty acid methyl ester 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.
- Alnor Oil Company
- Archer Daniels Midland Company (ADM)
- BASF SE
- Berg + Schmidt
- Cargill, Incorporated
- Emery Oleochemicals
- KLK OLEO
- P&G Chemicals
- TCI Chemicals (India) Pvt. Ltd.
- Wilmar International Ltd
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 Fatty Acid Methyl Ester Market - By Type
1.3.2 Fatty Acid Methyl Ester Market - By Application
1.3.3 Fatty Acid Methyl Ester Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FATTY ACID METHYL ESTER 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. FATTY ACID METHYL ESTER 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. FATTY ACID METHYL ESTER MARKET - GLOBAL MARKET ANALYSIS
6.1. FATTY ACID METHYL ESTER - GLOBAL MARKET OVERVIEW
6.2. FATTY ACID METHYL ESTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FATTY ACID METHYL ESTER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. RAPESEED METHYL ESTER
7.3.1. Overview
7.3.2. Rapeseed Methyl Ester Market Forecast and Analysis
7.4. SOY METHYL ESTER
7.4.1. Overview
7.4.2. Soy Methyl Ester Market Forecast and Analysis
7.5. PALM OIL METHYL ESTER
7.5.1. Overview
7.5.2. Palm Oil Methyl Ester Market Forecast and Analysis
7.6. OTHER METHYL ESTER
7.6.1. Overview
7.6.2. Other Methyl Ester Market Forecast and Analysis
8. FATTY ACID METHYL ESTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FUELS
8.3.1. Overview
8.3.2. Fuels Market Forecast and Analysis
8.4. LUBRICANTS
8.4.1. Overview
8.4.2. Lubricants Market Forecast and Analysis
8.5. COATINGS
8.5.1. Overview
8.5.2. Coatings Market Forecast and Analysis
8.6. METAL WORKING FLUIDS
8.6.1. Overview
8.6.2. Metal Working Fluids Market Forecast and Analysis
8.7. FOOD AND AGRICULTURE
8.7.1. Overview
8.7.2. Food and Agriculture Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FATTY ACID METHYL ESTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fatty Acid Methyl Ester Market Overview
9.1.2 North America Fatty Acid Methyl Ester Market Forecasts and Analysis
9.1.3 North America Fatty Acid Methyl Ester Market Forecasts and Analysis - By Type
9.1.4 North America Fatty Acid Methyl Ester Market Forecasts and Analysis - By Application
9.1.5 North America Fatty Acid Methyl Ester Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fatty Acid Methyl Ester Market
9.1.5.1.1 United States Fatty Acid Methyl Ester Market by Type
9.1.5.1.2 United States Fatty Acid Methyl Ester Market by Application
9.1.5.2 Canada Fatty Acid Methyl Ester Market
9.1.5.2.1 Canada Fatty Acid Methyl Ester Market by Type
9.1.5.2.2 Canada Fatty Acid Methyl Ester Market by Application
9.1.5.3 Mexico Fatty Acid Methyl Ester Market
9.1.5.3.1 Mexico Fatty Acid Methyl Ester Market by Type
9.1.5.3.2 Mexico Fatty Acid Methyl Ester Market by Application
9.2. EUROPE
9.2.1 Europe Fatty Acid Methyl Ester Market Overview
9.2.2 Europe Fatty Acid Methyl Ester Market Forecasts and Analysis
9.2.3 Europe Fatty Acid Methyl Ester Market Forecasts and Analysis - By Type
9.2.4 Europe Fatty Acid Methyl Ester Market Forecasts and Analysis - By Application
9.2.5 Europe Fatty Acid Methyl Ester Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fatty Acid Methyl Ester Market
9.2.5.1.1 Germany Fatty Acid Methyl Ester Market by Type
9.2.5.1.2 Germany Fatty Acid Methyl Ester Market by Application
9.2.5.2 France Fatty Acid Methyl Ester Market
9.2.5.2.1 France Fatty Acid Methyl Ester Market by Type
9.2.5.2.2 France Fatty Acid Methyl Ester Market by Application
9.2.5.3 Italy Fatty Acid Methyl Ester Market
9.2.5.3.1 Italy Fatty Acid Methyl Ester Market by Type
9.2.5.3.2 Italy Fatty Acid Methyl Ester Market by Application
9.2.5.4 United Kingdom Fatty Acid Methyl Ester Market
9.2.5.4.1 United Kingdom Fatty Acid Methyl Ester Market by Type
9.2.5.4.2 United Kingdom Fatty Acid Methyl Ester Market by Application
9.2.5.5 Russia Fatty Acid Methyl Ester Market
9.2.5.5.1 Russia Fatty Acid Methyl Ester Market by Type
9.2.5.5.2 Russia Fatty Acid Methyl Ester Market by Application
9.2.5.6 Rest of Europe Fatty Acid Methyl Ester Market
9.2.5.6.1 Rest of Europe Fatty Acid Methyl Ester Market by Type
9.2.5.6.2 Rest of Europe Fatty Acid Methyl Ester Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fatty Acid Methyl Ester Market Overview
9.3.2 Asia-Pacific Fatty Acid Methyl Ester Market Forecasts and Analysis
9.3.3 Asia-Pacific Fatty Acid Methyl Ester Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Fatty Acid Methyl Ester Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Fatty Acid Methyl Ester Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fatty Acid Methyl Ester Market
9.3.5.1.1 Australia Fatty Acid Methyl Ester Market by Type
9.3.5.1.2 Australia Fatty Acid Methyl Ester Market by Application
9.3.5.2 China Fatty Acid Methyl Ester Market
9.3.5.2.1 China Fatty Acid Methyl Ester Market by Type
9.3.5.2.2 China Fatty Acid Methyl Ester Market by Application
9.3.5.3 India Fatty Acid Methyl Ester Market
9.3.5.3.1 India Fatty Acid Methyl Ester Market by Type
9.3.5.3.2 India Fatty Acid Methyl Ester Market by Application
9.3.5.4 Japan Fatty Acid Methyl Ester Market
9.3.5.4.1 Japan Fatty Acid Methyl Ester Market by Type
9.3.5.4.2 Japan Fatty Acid Methyl Ester Market by Application
9.3.5.5 South Korea Fatty Acid Methyl Ester Market
9.3.5.5.1 South Korea Fatty Acid Methyl Ester Market by Type
9.3.5.5.2 South Korea Fatty Acid Methyl Ester Market by Application
9.3.5.6 Rest of Asia-Pacific Fatty Acid Methyl Ester Market
9.3.5.6.1 Rest of Asia-Pacific Fatty Acid Methyl Ester Market by Type
9.3.5.6.2 Rest of Asia-Pacific Fatty Acid Methyl Ester Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fatty Acid Methyl Ester Market Overview
9.4.2 Middle East and Africa Fatty Acid Methyl Ester Market Forecasts and Analysis
9.4.3 Middle East and Africa Fatty Acid Methyl Ester Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Fatty Acid Methyl Ester Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Fatty Acid Methyl Ester Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fatty Acid Methyl Ester Market
9.4.5.1.1 South Africa Fatty Acid Methyl Ester Market by Type
9.4.5.1.2 South Africa Fatty Acid Methyl Ester Market by Application
9.4.5.2 Saudi Arabia Fatty Acid Methyl Ester Market
9.4.5.2.1 Saudi Arabia Fatty Acid Methyl Ester Market by Type
9.4.5.2.2 Saudi Arabia Fatty Acid Methyl Ester Market by Application
9.4.5.3 U.A.E Fatty Acid Methyl Ester Market
9.4.5.3.1 U.A.E Fatty Acid Methyl Ester Market by Type
9.4.5.3.2 U.A.E Fatty Acid Methyl Ester Market by Application
9.4.5.4 Rest of Middle East and Africa Fatty Acid Methyl Ester Market
9.4.5.4.1 Rest of Middle East and Africa Fatty Acid Methyl Ester Market by Type
9.4.5.4.2 Rest of Middle East and Africa Fatty Acid Methyl Ester Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fatty Acid Methyl Ester Market Overview
9.5.2 South and Central America Fatty Acid Methyl Ester Market Forecasts and Analysis
9.5.3 South and Central America Fatty Acid Methyl Ester Market Forecasts and Analysis - By Type
9.5.4 South and Central America Fatty Acid Methyl Ester Market Forecasts and Analysis - By Application
9.5.5 South and Central America Fatty Acid Methyl Ester Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fatty Acid Methyl Ester Market
9.5.5.1.1 Brazil Fatty Acid Methyl Ester Market by Type
9.5.5.1.2 Brazil Fatty Acid Methyl Ester Market by Application
9.5.5.2 Argentina Fatty Acid Methyl Ester Market
9.5.5.2.1 Argentina Fatty Acid Methyl Ester Market by Type
9.5.5.2.2 Argentina Fatty Acid Methyl Ester Market by Application
9.5.5.3 Rest of South and Central America Fatty Acid Methyl Ester Market
9.5.5.3.1 Rest of South and Central America Fatty Acid Methyl Ester Market by Type
9.5.5.3.2 Rest of South and Central America Fatty Acid Methyl Ester 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. FATTY ACID METHYL ESTER MARKET, KEY COMPANY PROFILES
11.1. ALNOR OIL COMPANY
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. ARCHER DANIELS MIDLAND COMPANY (ADM)
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. BASF SE
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. BERG + SCHMIDT
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. CARGILL, INCORPORATED
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. EMERY OLEOCHEMICALS
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. KLK OLEO
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. P AND G CHEMICALS
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 (INDIA) PVT. 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. WILMAR INTERNATIONAL 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. Alnor Oil Company
2. Archer Daniels Midland Company (ADM)
3. BASF SE
4. Berg + Schmidt
5. Cargill, Incorporated
6. Emery Oleochemicals
7. KLK OLEO
8. P and G Chemicals
9. TCI Chemicals (India) Pvt. Ltd.
10. Wilmar International 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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