Glass Wool Insulation Market Key Findings by 2031
MARKET ANALYSIS
Glass wool is manufactured from borosilicate glass and consists of components such as silica sand, fixing agents, and recycled glass. Glass wool insulation is a highly used material for insulating piping and soundproofing. Glass wool insulation for roofs is highly useful for metal buildings and is mainly used to fill empty spaces on the walls or roofs. Moreover, these blankets upholster the building’s interior appearance and improve overall architecture and design.
GROWTH DRIVERS AND CHALLENGES
Glass wool insulation is highly used in the construction industry as it is fire-resistant material, ideal for sealing uneven surfaces due to their compressibility. Also, it does not promote mold growth or pest infestation. India is one of the largest construction markets globally. In India, the growth in construction activities is driven by continuing industrialization, urbanization, increasing population, growth in middle-class income, and the increase in infrastructural developments. The construction industry is the best prospect industry sector for Mexico. The Mexican construction industry is growing due to economic growth and public investment in infrastructure projects. In 2021 and 2021, President López Obrador and private sector representatives announced multiple projects as part of the nation’s infrastructure plan. Mexico is also moving rapidly towards green and environmentally-friendly construction activities. The construction industry in the country has embraced the green building movement. Further, in Brazil, the construction sector is a key contributor to gross domestic product (GDP) growth. The construction market in Brazil offers key opportunities for foreign multinational companies expanding into Latin America. Hence, the strong growth of the construction industry in these developing countries is mainly driving the glass wool insulation market growth. However, glass wool insulation has a few disadvantages, this is expected to restrict glass wool insulation market growth during the forecast period. Glass wool is very irritating to the skin and eyes; therefore, gloves, masks, glasses, and protective clothing must be used during installation. It possesses a negative ecological balance, particularly due to its raw materials that are non-renewable. In addition, the sound resistance property of glass wool is limited to restrained value.
REPORT SEGMENTATION AND SCOPE
The "Global Glass Wool Insulation Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global glass wool insulation market trends and growth opportunities. The report aims to provide an overview of the global glass wool insulation market with detailed market segmentation by form, end use, and geography. The global glass wool insulation market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of glass wool insulation worldwide, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting the glass wool insulation market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the glass wool insulation market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative glass wool insulation market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global glass wool insulation market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global glass wool insulation market is segmented on the basis of form and end use. Based on form, the glass wool insulation market is segmented into, rolls, boards, and others. On the basis of end use, the market is classified as residential construction, commercial construction, transportation, HVAC, and others.
Based on form, the boards segment accounted for a significant glass wool insulation market share which can be attributed to increasing their use in residential and commercial construction. Glass wool insulation board is made from fibers of glass that are arranged using a binder into a texture similar to wool. Their air-trapping property makes it a bad conductor of heat, and hence it is highly used for thermal insulation in ducting, boilers, cavity walls, pipelines, etc. Based on end use, the commercial construction segment accounted for a significant glass wool insulation market share due to increasing demand from commercial construction sector. Glass wool insulation is highly used for workshops, warehouses, refrigerating chambers, gyms, exhibition centers, heat preservation sheds for cultivation; steel structure buildings, and various indoor entertainment places.
REGIONAL ANALYSIS
The report provides a detailed overview of the global glass wool insulation market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant glass wool insulation market share globally. The strong growth of the residential, commercial, and transportation sectors in the region is mainly driving the glass wool insulation market growth. China is one of the major countries in the region that contributes mainly to the regional market growth. During the 14th Five-Year Plan (2021-2031) period, China has planned to add 6.5 million government-subsidized rental homes in 40 key cities to help an estimated 13 million people in need of affordable housing. To offer more comfort to the residents, about 219,000 old residential communities built before the end of 2000 in urban areas will be renovated by 2031. China also announced a plan to mend rickety rural homes or upgrade those in earthquake-prone rural areas, while the housing provident fund is expected to cover more people in the workforce. In India, Pradhan Mantri Awas Yojana (Urban) Mission launched in June 2015, which intends to provide housing for all in urban areas by the year 2022. Moreover, launched in 2015, the Smart Cities Mission aims to develop 100 cities in India with comprehensive infrastructure, including affordable housing and the use of technology to improve security and safety.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnerships, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global glass wool insulation market.
- In May 2023, Knauf Insulation UK & Ireland launched ‘OmniFit Slab 32’, a 32 lambda glass mineral wool insulation slab product for use in light steel frame systems (SFS).
- In January 2021, Owens Corning launched a next-gen fiberglass insulation product made by PureFiber Technology.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The covid-19 pandemic led to a decline in the progress of many industries across the globe. The shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for manufacturers across the globe. Glass wool insulation market experienced a slump during the pandemic owing to the limited construction activities across the globe. The COVID-19 pandemic has caused a delay in most ongoing construction projects and reduced the construction industry's productivity. Due to the reduced construction activities worldwide, the demand for glass wool insulation in different residential, commercial, industrial, and infrastructural applications has been reduced.
However, various industries have resumed their business operations. The previously postponed construction projects have resumed, creating demand for glass wool insulation products. With the resumption of different residential and commercial construction activities, the demand for glass wool insulation products is improving. The increasing use of glass wool insulation products in various applications is expected to offer more growth opportunities for the market.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the glass wool insulation market include Johns Manville; URSA; Arabian Fiberglass Insulation Company Ltd.; Owens Corning; Saint-Gobain; Knauf Insulation; Nippon Electric Glass Co.,Ltd.; CERTAINTEED; izocam A.Ş.; CSR Building Products Ltd; Refmon; Creative Building Solutions; Allied Insulation; SM Insulation; Unidus; Twiga; among others.
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.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Glass Wool Insulation Market - By Product
1.3.2Glass Wool Insulation Market - By End users/Applications
1.3.3Glass Wool Insulation Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.GLASS WOOL INSULATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.GLASS WOOL INSULATION 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.GLASS WOOL INSULATION MARKET - GLOBAL MARKET ANALYSIS
6.1.GLASS WOOL INSULATION - GLOBAL MARKET OVERVIEW
6.2.GLASS WOOL INSULATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.GLASS WOOL INSULATION MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.A-GLASS
7.3.1.Overview
7.3.2.A-Glass Market Forecast and Analysis
7.4.C-GLASS
7.4.1.Overview
7.4.2.C-Glass Market Forecast and Analysis
7.5.D-GLASS
7.5.1.Overview
7.5.2.D-Glass Market Forecast and Analysis
7.6.E-GLASS
7.6.1.Overview
7.6.2.E-Glass Market Forecast and Analysis
7.7.S-GLASS
7.7.1.Overview
7.7.2.S-Glass Market Forecast and Analysis
8.GLASS WOOL INSULATION MARKET - REVENUE AND FORECASTS TO 2028 " END USERS/APPLICATIONS
8.1.OVERVIEW
8.2.END USERS/APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3.HOUSING CONSTRUCTION
8.3.1.Overview
8.3.2.Housing Construction Market Forecast and Analysis
8.4.NON-RESIDENTIAL CONSTRUCTION
8.4.1.Overview
8.4.2.Non-Residential Construction Market Forecast and Analysis
8.5.INDUSTRIAL EQUIPMENT
8.5.1.Overview
8.5.2.Industrial Equipment Market Forecast and Analysis
8.6.COMMERCIAL EQUIPMENT
8.6.1.Overview
8.6.2.Commercial Equipment Market Forecast and Analysis
9.GLASS WOOL INSULATION MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Glass Wool Insulation Market Overview
9.1.2North America Glass Wool Insulation Market Forecasts and Analysis
9.1.3North America Glass Wool Insulation Market Forecasts and Analysis - By Product
9.1.4North America Glass Wool Insulation Market Forecasts and Analysis - By End users/Applications
9.1.5North America Glass Wool Insulation Market Forecasts and Analysis - By Countries
9.1.5.1United States Glass Wool Insulation Market
9.1.5.1.1United States Glass Wool Insulation Market by Product
9.1.5.1.2United States Glass Wool Insulation Market by End users/Applications
9.1.5.2Canada Glass Wool Insulation Market
9.1.5.2.1Canada Glass Wool Insulation Market by Product
9.1.5.2.2Canada Glass Wool Insulation Market by End users/Applications
9.1.5.3Mexico Glass Wool Insulation Market
9.1.5.3.1Mexico Glass Wool Insulation Market by Product
9.1.5.3.2Mexico Glass Wool Insulation Market by End users/Applications
9.2.EUROPE
9.2.1Europe Glass Wool Insulation Market Overview
9.2.2Europe Glass Wool Insulation Market Forecasts and Analysis
9.2.3Europe Glass Wool Insulation Market Forecasts and Analysis - By Product
9.2.4Europe Glass Wool Insulation Market Forecasts and Analysis - By End users/Applications
9.2.5Europe Glass Wool Insulation Market Forecasts and Analysis - By Countries
9.2.5.1Germany Glass Wool Insulation Market
9.2.5.1.1Germany Glass Wool Insulation Market by Product
9.2.5.1.2Germany Glass Wool Insulation Market by End users/Applications
9.2.5.2France Glass Wool Insulation Market
9.2.5.2.1France Glass Wool Insulation Market by Product
9.2.5.2.2France Glass Wool Insulation Market by End users/Applications
9.2.5.3Italy Glass Wool Insulation Market
9.2.5.3.1Italy Glass Wool Insulation Market by Product
9.2.5.3.2Italy Glass Wool Insulation Market by End users/Applications
9.2.5.4Spain Glass Wool Insulation Market
9.2.5.4.1Spain Glass Wool Insulation Market by Product
9.2.5.4.2Spain Glass Wool Insulation Market by End users/Applications
9.2.5.5Russia Glass Wool Insulation Market
9.2.5.5.1Russia Glass Wool Insulation Market by Product
9.2.5.5.2Russia Glass Wool Insulation Market by End users/Applications
9.2.5.6Rest of Europe Glass Wool Insulation Market
9.2.5.6.1Rest of Europe Glass Wool Insulation Market by Product
9.2.5.6.2Rest of Europe Glass Wool Insulation Market by End users/Applications
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Glass Wool Insulation Market Overview
9.3.2Asia-Pacific Glass Wool Insulation Market Forecasts and Analysis
9.3.3Asia-Pacific Glass Wool Insulation Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Glass Wool Insulation Market Forecasts and Analysis - By End users/Applications
9.3.5Asia-Pacific Glass Wool Insulation Market Forecasts and Analysis - By Countries
9.3.5.1Australia Glass Wool Insulation Market
9.3.5.1.1Australia Glass Wool Insulation Market by Product
9.3.5.1.2Australia Glass Wool Insulation Market by End users/Applications
9.3.5.2China Glass Wool Insulation Market
9.3.5.2.1China Glass Wool Insulation Market by Product
9.3.5.2.2China Glass Wool Insulation Market by End users/Applications
9.3.5.3India Glass Wool Insulation Market
9.3.5.3.1India Glass Wool Insulation Market by Product
9.3.5.3.2India Glass Wool Insulation Market by End users/Applications
9.3.5.4Japan Glass Wool Insulation Market
9.3.5.4.1Japan Glass Wool Insulation Market by Product
9.3.5.4.2Japan Glass Wool Insulation Market by End users/Applications
9.3.5.5South Korea Glass Wool Insulation Market
9.3.5.5.1South Korea Glass Wool Insulation Market by Product
9.3.5.5.2South Korea Glass Wool Insulation Market by End users/Applications
9.3.5.6Rest of Asia-Pacific Glass Wool Insulation Market
9.3.5.6.1Rest of Asia-Pacific Glass Wool Insulation Market by Product
9.3.5.6.2Rest of Asia-Pacific Glass Wool Insulation Market by End users/Applications
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Glass Wool Insulation Market Overview
9.4.2Middle East and Africa Glass Wool Insulation Market Forecasts and Analysis
9.4.3Middle East and Africa Glass Wool Insulation Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Glass Wool Insulation Market Forecasts and Analysis - By End users/Applications
9.4.5Middle East and Africa Glass Wool Insulation Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Glass Wool Insulation Market
9.4.5.1.1South Africa Glass Wool Insulation Market by Product
9.4.5.1.2South Africa Glass Wool Insulation Market by End users/Applications
9.4.5.2Saudi Arabia Glass Wool Insulation Market
9.4.5.2.1Saudi Arabia Glass Wool Insulation Market by Product
9.4.5.2.2Saudi Arabia Glass Wool Insulation Market by End users/Applications
9.4.5.3U.A.E Glass Wool Insulation Market
9.4.5.3.1U.A.E Glass Wool Insulation Market by Product
9.4.5.3.2U.A.E Glass Wool Insulation Market by End users/Applications
9.4.5.4Rest of Middle East and Africa Glass Wool Insulation Market
9.4.5.4.1Rest of Middle East and Africa Glass Wool Insulation Market by Product
9.4.5.4.2Rest of Middle East and Africa Glass Wool Insulation Market by End users/Applications
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Glass Wool Insulation Market Overview
9.5.2South and Central America Glass Wool Insulation Market Forecasts and Analysis
9.5.3South and Central America Glass Wool Insulation Market Forecasts and Analysis - By Product
9.5.4South and Central America Glass Wool Insulation Market Forecasts and Analysis - By End users/Applications
9.5.5South and Central America Glass Wool Insulation Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Glass Wool Insulation Market
9.5.5.1.1Brazil Glass Wool Insulation Market by Product
9.5.5.1.2Brazil Glass Wool Insulation Market by End users/Applications
9.5.5.2Argentina Glass Wool Insulation Market
9.5.5.2.1Argentina Glass Wool Insulation Market by Product
9.5.5.2.2Argentina Glass Wool Insulation Market by End users/Applications
9.5.5.3Rest of South and Central America Glass Wool Insulation Market
9.5.5.3.1Rest of South and Central America Glass Wool Insulation Market by Product
9.5.5.3.2Rest of South and Central America Glass Wool Insulation Market by End users/Applications
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.GLASS WOOL INSULATION MARKET, KEY COMPANY PROFILES
11.1.ALGHANIM INDUSTRIES
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.BRADFORD INSULATION INDUSTRIES 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.CHEZ KNAUF INSULATION SPRL
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.COMPAGNIE DE SAINT-GOBAIN
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.JOHNS MANVILLE 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.KNAUF INSULATION
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.OWENS CORNING
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.PPG INDUSTRIES
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.SAINT-GOBAIN ISOVER
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.URSA INSULATION SA
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
The List of Companies
1. Alghanim Industries
2. Bradford Insulation Industries Ltd.
3. Chez Knauf Insulation SPRL
4. Compagnie de Saint-Gobain
5. Johns Manville Corporation
6. Knauf Insulation
7. Owens Corning
8. PPG Industries
9. Saint-Gobain Isover
10. URSA Insulation SA
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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