Green Chemicals Market SWOT and PEST Analysis 2021-2031
The Green Chemicals Market is expected to register a CAGR of 10.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by product type (bio solvents [bio-alcohol, bio-diols, bio-glycols, lactate esters, methyl soyate, and others], synthetic biopolymers, and microbial], bio-organic acids [acetic acid, lactic acid, citric acid, formic acid, and others], bio propylene glycol, and others). The report further presents an analysis based on the application (pharmaceuticals, construction, automotive, agrochemicals, food and beverages, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Green Chemicals 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.
Green Chemicals Market Segmentation
Product Type- Bio Solvents
- Bio Polymers
- Bio Organic Acids
- Bio Propylene Glycol
- Pharmaceuticals
- Construction
- Automotive
- Agrochemicals
- Food and Beverages
Strategic Insights
Green Chemicals Market Growth Drivers- Regulatory Pressure Driving Market Growth: With increased pressure from governmental regulations on environmental friendliness, most industries are shifting towards green chemicals. Increasing environmental standards and policies for reducing pollution and carbon footprints in that direction forces companies to shift to sustainable chemicals instead of traditional ones. This type of regulatory support boosts market growth and encourages innovation in ecological chemical solutions.
- Rising Consumer Awareness: This, in all ways possible, increases consumer awareness over green issues. A person who feels he or she belongs to a responsible category will promote sustainable and non-toxic products. Manufacturers, therefore, add green chemicals to their products to enhance brand loyalty. Moreover, this places a firm strategically in a marketplace that thrives on the issue of sustainability.
- Technological Advancements in Green Chemistry: Technological advancements, mainly through biotechnology and green chemistry, play a critical role in driving the green chemicals market. Improved production processes make for more efficient, sustainable, and cost-effective chemical products. These breakthroughs allow the development of greener alternatives, which then induces industries to opt for greener alternatives over conventional chemicals.
- Growth of Bio-Based Chemicals: Bio-based chemicals based on renewable sources are going to be highly market-growth-based. Low dependency on fossil fuels and developments towards sustainability spur the trend. Industries are rapidly adopting such bio-based chemicals to use eco-friendly alternatives across applications in agriculture, cosmetics, cleaning products, etc.
- Circular Economy Principles: The principles of circular economies are increasingly driving the market in green chemicals. Companies are looking for ways by means of resource efficiency, recycling, and waste reduction. So, the trend hence promotes products designed for reuse and recycling, among other features that can help create a sustainable lifecycle with minimal environmental impact-a market tuned to consumer and regulatory demands.
- Collaboration for Innovation: Companies, research and development institutions, and governments in the green chemicals market are collaborating increasingly on an inter-organizational basis. Such collaboration should spur innovation, as it will speed up the research and commercialization of greener chemical solutions to be met within the market. Knowledge sharing and other resources will be at the firms' disposal when they collaborate to solve such challenges in developing environmentally friendly products.
- Opportunities in Emerging Markets: Green chemicals will benefit in many ways as emerging markets have vigorous industrialization growth and continuous environmental awareness adaptation. The bigger a country develops or industrializes, the larger it is likely to adopt environmentally friendly products. Therefore, such development presents a new market for non-green chemical solutions. The ventures may benefit from this growth by employing innovative, more sustainable alternatives to meet local needs.
- Expansion Across Diverse Applications: The diversity of green chemicals opens up room for expansion in different applications, such as pharmaceuticals, personal care, or agriculture. From a formulation innovation point of view, players will have more opportunities to design new products that meet industry requirements and, thus, strengthen their market presence. Besides boosting growth, this input of new applications enables companies to become market leaders in sustainability.
- R&D Investment for Breakthroughs: Green chemistry processes can be subject to high investment in research and development, which is a big opportunity for breakthroughs. Companies with an R&D focus can develop sustainable products and efficient ways of producing and build their competitive advantage. Advancements in green chemistry can help businesses produce eco-friendly solutions responding to the needs of markets and regulatory requirements changing daily.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Green Chemicals 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 Green Chemicals 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.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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 Green Chemicals Market is estimated to witness a CAGR of 10.7% from 2023 to 2031
The major factors driving the green chemicals market are:
1. Growing demand for sustainable products drives manufacturers to adopt eco-friendly solvents.
2. Advances in bio-solvent development enhance performance, making them viable alternatives to traditional solvents.
Arkema SA, BASF SE, Evonik Industries AG, GF Biochemicals, Mitsubishi Chemical Corp, Plantic, Toray Industries Inc, Total Energies Corbion, Vertec Biosolvents Inc, and Cargill Inc
On the basis of geography, the green chemicals market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increasing focus on developing bio-based chemicals from renewable resources reduces reliance on fossil fuels is expected to be the key market trend.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Green Chemicals Market - By Product Type
1.3.2 Green Chemicals Market - By Application
1.3.3 Green Chemicals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GREEN CHEMICALS 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. GREEN CHEMICALS 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. GREEN CHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1. GREEN CHEMICALS - GLOBAL MARKET OVERVIEW
6.2. GREEN CHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GREEN CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BIO-ALCOHOLS
7.3.1. Overview
7.3.2. Bio-alcohols Market Forecast and Analysis
7.4. BIO-ORGANIC ACIDS
7.4.1. Overview
7.4.2. Bio-organic Acids Market Forecast and Analysis
7.5. BIO-KETONES
7.5.1. Overview
7.5.2. Bio-ketones Market Forecast and Analysis
7.6. BIOPOLYMERS
7.6.1. Overview
7.6.2. Biopolymers Market Forecast and Analysis
7.7. PLATFORM CHEMICALS
7.7.1. Overview
7.7.2. Platform Chemicals Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. GREEN CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. HEALTHCARE
8.4.1. Overview
8.4.2. Healthcare Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. PACKAGING
8.6.1. Overview
8.6.2. Packaging Market Forecast and Analysis
8.7. FOOD AND BEVERAGES
8.7.1. Overview
8.7.2. Food and Beverages Market Forecast and Analysis
8.8. OTHER APPLICATIONS
8.8.1. Overview
8.8.2. Other Applications Market Forecast and Analysis
9. GREEN CHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Green Chemicals Market Overview
9.1.2 North America Green Chemicals Market Forecasts and Analysis
9.1.3 North America Green Chemicals Market Forecasts and Analysis - By Product Type
9.1.4 North America Green Chemicals Market Forecasts and Analysis - By Application
9.1.5 North America Green Chemicals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Green Chemicals Market
9.1.5.1.1 United States Green Chemicals Market by Product Type
9.1.5.1.2 United States Green Chemicals Market by Application
9.1.5.2 Canada Green Chemicals Market
9.1.5.2.1 Canada Green Chemicals Market by Product Type
9.1.5.2.2 Canada Green Chemicals Market by Application
9.1.5.3 Mexico Green Chemicals Market
9.1.5.3.1 Mexico Green Chemicals Market by Product Type
9.1.5.3.2 Mexico Green Chemicals Market by Application
9.2. EUROPE
9.2.1 Europe Green Chemicals Market Overview
9.2.2 Europe Green Chemicals Market Forecasts and Analysis
9.2.3 Europe Green Chemicals Market Forecasts and Analysis - By Product Type
9.2.4 Europe Green Chemicals Market Forecasts and Analysis - By Application
9.2.5 Europe Green Chemicals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Green Chemicals Market
9.2.5.1.1 Germany Green Chemicals Market by Product Type
9.2.5.1.2 Germany Green Chemicals Market by Application
9.2.5.2 France Green Chemicals Market
9.2.5.2.1 France Green Chemicals Market by Product Type
9.2.5.2.2 France Green Chemicals Market by Application
9.2.5.3 Italy Green Chemicals Market
9.2.5.3.1 Italy Green Chemicals Market by Product Type
9.2.5.3.2 Italy Green Chemicals Market by Application
9.2.5.4 United Kingdom Green Chemicals Market
9.2.5.4.1 United Kingdom Green Chemicals Market by Product Type
9.2.5.4.2 United Kingdom Green Chemicals Market by Application
9.2.5.5 Russia Green Chemicals Market
9.2.5.5.1 Russia Green Chemicals Market by Product Type
9.2.5.5.2 Russia Green Chemicals Market by Application
9.2.5.6 Rest of Europe Green Chemicals Market
9.2.5.6.1 Rest of Europe Green Chemicals Market by Product Type
9.2.5.6.2 Rest of Europe Green Chemicals Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Green Chemicals Market Overview
9.3.2 Asia-Pacific Green Chemicals Market Forecasts and Analysis
9.3.3 Asia-Pacific Green Chemicals Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Green Chemicals Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Green Chemicals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Green Chemicals Market
9.3.5.1.1 Australia Green Chemicals Market by Product Type
9.3.5.1.2 Australia Green Chemicals Market by Application
9.3.5.2 China Green Chemicals Market
9.3.5.2.1 China Green Chemicals Market by Product Type
9.3.5.2.2 China Green Chemicals Market by Application
9.3.5.3 India Green Chemicals Market
9.3.5.3.1 India Green Chemicals Market by Product Type
9.3.5.3.2 India Green Chemicals Market by Application
9.3.5.4 Japan Green Chemicals Market
9.3.5.4.1 Japan Green Chemicals Market by Product Type
9.3.5.4.2 Japan Green Chemicals Market by Application
9.3.5.5 South Korea Green Chemicals Market
9.3.5.5.1 South Korea Green Chemicals Market by Product Type
9.3.5.5.2 South Korea Green Chemicals Market by Application
9.3.5.6 Rest of Asia-Pacific Green Chemicals Market
9.3.5.6.1 Rest of Asia-Pacific Green Chemicals Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Green Chemicals Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Green Chemicals Market Overview
9.4.2 Middle East and Africa Green Chemicals Market Forecasts and Analysis
9.4.3 Middle East and Africa Green Chemicals Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Green Chemicals Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Green Chemicals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Green Chemicals Market
9.4.5.1.1 South Africa Green Chemicals Market by Product Type
9.4.5.1.2 South Africa Green Chemicals Market by Application
9.4.5.2 Saudi Arabia Green Chemicals Market
9.4.5.2.1 Saudi Arabia Green Chemicals Market by Product Type
9.4.5.2.2 Saudi Arabia Green Chemicals Market by Application
9.4.5.3 U.A.E Green Chemicals Market
9.4.5.3.1 U.A.E Green Chemicals Market by Product Type
9.4.5.3.2 U.A.E Green Chemicals Market by Application
9.4.5.4 Rest of Middle East and Africa Green Chemicals Market
9.4.5.4.1 Rest of Middle East and Africa Green Chemicals Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Green Chemicals Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Green Chemicals Market Overview
9.5.2 South and Central America Green Chemicals Market Forecasts and Analysis
9.5.3 South and Central America Green Chemicals Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Green Chemicals Market Forecasts and Analysis - By Application
9.5.5 South and Central America Green Chemicals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Green Chemicals Market
9.5.5.1.1 Brazil Green Chemicals Market by Product Type
9.5.5.1.2 Brazil Green Chemicals Market by Application
9.5.5.2 Argentina Green Chemicals Market
9.5.5.2.1 Argentina Green Chemicals Market by Product Type
9.5.5.2.2 Argentina Green Chemicals Market by Application
9.5.5.3 Rest of South and Central America Green Chemicals Market
9.5.5.3.1 Rest of South and Central America Green Chemicals Market by Product Type
9.5.5.3.2 Rest of South and Central America Green Chemicals 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. GREEN CHEMICALS MARKET, KEY COMPANY PROFILES
11.1. ARKEMA GROUP
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. DOWDUPONT INC
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. DRYVIT SYSTEMS, INC.
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. ECOCHEM
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. GREEN CHEMICALS CO., LTD
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. JAMES HARDIE BUILDING PRODUCTS, INC
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. JASOL AUSTRALIA
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. MYRIANT TECHNOLOGIES LLC
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. TOLKO INDUSTRIES 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. Arkema Group
2. BASF SE
3. DowDuPont Inc
4. Dryvit Systems, Inc.
5. Ecochem
6. Green Chemicals Co., Ltd
7. James Hardie Building Products, Inc
8. Jasol Australia
9. Myriant Technologies LLC
10. Tolko Industries 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.