Heat Registant Polymer Forecast (2024-2031), Size, Share
The Heat Registant Polymer is expected to register a CAGR of 5 % 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 type (fluoropolymers, polyphenylene sulfide (PPS), polyimide (PI), polyethersulfone (PES), polyetheretherketone (PEEK), others), form (liquid, powder). The report further presents analysis based on application (Automotive, Aerospace and Defense, Electrical and Electronics, Industrial Machinery, Marine, Others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Heat Registant Polymer 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.
Heat Registant Polymer Segmentation
Type- Fluoropolymers
- Polyphenylene Sulfide
- Polyimide
- Polyethersulfone
- Polyetheretherketone
- Liquid
- Powder
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Industrial Machinery
- Marine
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Heat Registant Polymer Growth Drivers- Demand from Aerospace and Automotive Sectors: Demand in the aerospace and automotive sectors is another factor driving the demand for heat resistant polymer. Materials in both industries are required to be some of the toughest and work in certain environments where temperatures may be excessively high, hence requiring a considerable investment in heat-resistant polymers in applications like engine components and insulation.
- Growth in Electronics Manufacturing: Other major drivers for the market are growth in electronics manufacturing. Electronic devices that are getting more compact yet powerful in function mean that there is a requirement for materials that can withstand high temperatures without degradation. Heat-resistant polymers are increasingly used in components such as circuit boards and connectors for this very reason, opening more vistas of growth in the market.
- Increasing Focus on Energy Efficiency and Sustainability: Increasing interest in energy efficiency and sustainability is the other driving force for the heat-resistant polymer market. Here, industries are coming up with materials that not only provide good performance under high temperature but also save energy usage in applications like insulation as well as protective coatings, thus aligned with sustainability goals globally.
- Trend towards High-Performance Materials: High-performance materials are in quite a trend within the heat resistant polymer market. Manufacturers are today manufacturing polymers with enhanced properties, including an improvement of their melting points and mechanical strength, and these have been found to compete with other materials having similar properties but from a less-costly base, such as metals and ceramics. This has been driven mainly by the demanding requirements of industry sectors, such as aerospace and automotive.
- Adoption in the Electronics Industry: Other trends found are the continued adoption by the electronics industry of heat-resistant polymers. As electronic devices get smaller and more powerful, materials must also be able to withstand high temperatures without losing their properties. This has been a driver of innovation and expanded the application range of heat-resistant polymers.
- Increased Focus on Sustainability: Increased focus on sustainability in the heat-resistant polymer market: The firms are investing in ecologically friendly formulas and production processes to reduce the impact on the environment. This is in alignment with global sustainability goals and consumer demand for greener products, enhancing its competitiveness in the market.
- Opportunities in Emerging Markets: Emerging markets also hold an opportunity in the form of a heat-resistant polymer in the market. The reality now is inherently perceptible: with expansion in various industries in developing economies, it is certain that demand for advanced materials, especially in aerospace and automotive, would surge. Business houses can reap the benefits of this trend by spreading operations into newly developing economies.
- Biodegradable Heat-Resistant Polymers:Biodegradable heat-resistant polymers have tremendous opportunities to innovate. The growing impact of sustainability will be met by eco-friendly alternatives with high-temperature resistance, appealing to environmentally aware consumers and industries. Such innovation can make a difference in the market as well as achieve global sustainability goals.
- Increased Investment in R&D: More opportunity comes from higher investment in R&D. There are companies that have been working hard on making heat-resistant polymers more efficient. In turn, these companies can produce next-generation materials having better properties. The breakthrough in this sector may meet the new industrial requirements, such as for electronics and aerospace, and thus result in growing demand in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Heat Registant Polymer, 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 Heat Registant Polymer can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- 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
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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 Heat Registant Polymer is estimated to witness a CAGR of 5 % from 2023 to 2031
The increasing demand for heat resistant polymer in the aerospace and automotive sectors coupled with growth in electronics manufacturing are the major factors driving the heat-resistant polymer market growth.
A significant trend in the heat-resistant polymer market is the development of high-performance materials and growing focus on sustainability.
BASF SE, Arkema, Dongyue Group Limited, DIC CORPORATION, Celanese Corporation, Solvay, DAIKIN INDUSTRIES, Ltd., Avient Corporation, Victrex plc. are the key players operating in the market.
Based on geography, North America held the largest share of the heat-resistant polymer market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Heat Resistant Polymers Market - By Type
1.3.2 Heat Resistant Polymers Market - By End use industry
1.3.3 Heat Resistant Polymers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEAT RESISTANT POLYMERS 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. HEAT RESISTANT POLYMERS 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. HEAT RESISTANT POLYMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. HEAT RESISTANT POLYMERS - GLOBAL MARKET OVERVIEW
6.2. HEAT RESISTANT POLYMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEAT RESISTANT POLYMERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FLOUROPOLYMERS
7.3.1. Overview
7.3.2. Flouropolymers Market Forecast and Analysis
7.4. POLYIMIDES
7.4.1. Overview
7.4.2. Polyimides Market Forecast and Analysis
7.5. POLYPHENYLENE SULFIDE (PPS)
7.5.1. Overview
7.5.2. Polyphenylene Sulfide (PPS) Market Forecast and Analysis
7.6. POLYBENZIMIDAZOLE
7.6.1. Overview
7.6.2. Polybenzimidazole Market Forecast and Analysis
7.7. POLYETHER ETHER KETONE (PEEK)
7.7.1. Overview
7.7.2. Polyether Ether Ketone (PEEK) Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. HEAT RESISTANT POLYMERS 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. ELECTRICAL AND ELECTRONICS
8.4.1. Overview
8.4.2. Electrical and Electronics Market Forecast and Analysis
8.5. INDUSTRIAL EQUIPMENTS
8.5.1. Overview
8.5.2. Industrial Equipments Market Forecast and Analysis
8.6. HOME APPLIANCES
8.6.1. Overview
8.6.2. Home Appliances Market Forecast and Analysis
8.7. MARINE
8.7.1. Overview
8.7.2. Marine Market Forecast and Analysis
8.8. AEROSPACE AND DEFENCE
8.8.1. Overview
8.8.2. Aerospace and Defence Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. HEAT RESISTANT POLYMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Heat Resistant Polymers Market Overview
9.1.2 North America Heat Resistant Polymers Market Forecasts and Analysis
9.1.3 North America Heat Resistant Polymers Market Forecasts and Analysis - By Type
9.1.4 North America Heat Resistant Polymers Market Forecasts and Analysis - By End use industry
9.1.5 North America Heat Resistant Polymers Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Heat Resistant Polymers Market
9.1.5.1.1 Canada Heat Resistant Polymers Market by Type
9.1.5.1.2 Canada Heat Resistant Polymers Market by End use industry
9.1.5.2 Mexico Heat Resistant Polymers Market
9.1.5.2.1 Mexico Heat Resistant Polymers Market by Type
9.1.5.2.2 Mexico Heat Resistant Polymers Market by End use industry
9.1.5.3 US Heat Resistant Polymers Market
9.1.5.3.1 US Heat Resistant Polymers Market by Type
9.1.5.3.2 US Heat Resistant Polymers Market by End use industry
9.2. EUROPE
9.2.1 Europe Heat Resistant Polymers Market Overview
9.2.2 Europe Heat Resistant Polymers Market Forecasts and Analysis
9.2.3 Europe Heat Resistant Polymers Market Forecasts and Analysis - By Type
9.2.4 Europe Heat Resistant Polymers Market Forecasts and Analysis - By End use industry
9.2.5 Europe Heat Resistant Polymers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Heat Resistant Polymers Market
9.2.5.1.1 Germany Heat Resistant Polymers Market by Type
9.2.5.1.2 Germany Heat Resistant Polymers Market by End use industry
9.2.5.2 France Heat Resistant Polymers Market
9.2.5.2.1 France Heat Resistant Polymers Market by Type
9.2.5.2.2 France Heat Resistant Polymers Market by End use industry
9.2.5.3 Italy Heat Resistant Polymers Market
9.2.5.3.1 Italy Heat Resistant Polymers Market by Type
9.2.5.3.2 Italy Heat Resistant Polymers Market by End use industry
9.2.5.4 United Kingdom Heat Resistant Polymers Market
9.2.5.4.1 United Kingdom Heat Resistant Polymers Market by Type
9.2.5.4.2 United Kingdom Heat Resistant Polymers Market by End use industry
9.2.5.5 Russia Heat Resistant Polymers Market
9.2.5.5.1 Russia Heat Resistant Polymers Market by Type
9.2.5.5.2 Russia Heat Resistant Polymers Market by End use industry
9.2.5.6 Rest of Europe Heat Resistant Polymers Market
9.2.5.6.1 Rest of Europe Heat Resistant Polymers Market by Type
9.2.5.6.2 Rest of Europe Heat Resistant Polymers Market by End use industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Heat Resistant Polymers Market Overview
9.3.2 Asia-Pacific Heat Resistant Polymers Market Forecasts and Analysis
9.3.3 Asia-Pacific Heat Resistant Polymers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Heat Resistant Polymers Market Forecasts and Analysis - By End use industry
9.3.5 Asia-Pacific Heat Resistant Polymers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Heat Resistant Polymers Market
9.3.5.1.1 Australia Heat Resistant Polymers Market by Type
9.3.5.1.2 Australia Heat Resistant Polymers Market by End use industry
9.3.5.2 China Heat Resistant Polymers Market
9.3.5.2.1 China Heat Resistant Polymers Market by Type
9.3.5.2.2 China Heat Resistant Polymers Market by End use industry
9.3.5.3 India Heat Resistant Polymers Market
9.3.5.3.1 India Heat Resistant Polymers Market by Type
9.3.5.3.2 India Heat Resistant Polymers Market by End use industry
9.3.5.4 Japan Heat Resistant Polymers Market
9.3.5.4.1 Japan Heat Resistant Polymers Market by Type
9.3.5.4.2 Japan Heat Resistant Polymers Market by End use industry
9.3.5.5 South Korea Heat Resistant Polymers Market
9.3.5.5.1 South Korea Heat Resistant Polymers Market by Type
9.3.5.5.2 South Korea Heat Resistant Polymers Market by End use industry
9.3.5.6 Rest of Asia-Pacific Heat Resistant Polymers Market
9.3.5.6.1 Rest of Asia-Pacific Heat Resistant Polymers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Heat Resistant Polymers Market by End use industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Heat Resistant Polymers Market Overview
9.4.2 Middle East and Africa Heat Resistant Polymers Market Forecasts and Analysis
9.4.3 Middle East and Africa Heat Resistant Polymers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Heat Resistant Polymers Market Forecasts and Analysis - By End use industry
9.4.5 Middle East and Africa Heat Resistant Polymers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Heat Resistant Polymers Market
9.4.5.1.1 South Africa Heat Resistant Polymers Market by Type
9.4.5.1.2 South Africa Heat Resistant Polymers Market by End use industry
9.4.5.2 Saudi Arabia Heat Resistant Polymers Market
9.4.5.2.1 Saudi Arabia Heat Resistant Polymers Market by Type
9.4.5.2.2 Saudi Arabia Heat Resistant Polymers Market by End use industry
9.4.5.3 U.A.E Heat Resistant Polymers Market
9.4.5.3.1 U.A.E Heat Resistant Polymers Market by Type
9.4.5.3.2 U.A.E Heat Resistant Polymers Market by End use industry
9.4.5.4 Rest of Middle East and Africa Heat Resistant Polymers Market
9.4.5.4.1 Rest of Middle East and Africa Heat Resistant Polymers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Heat Resistant Polymers Market by End use industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Heat Resistant Polymers Market Overview
9.5.2 South and Central America Heat Resistant Polymers Market Forecasts and Analysis
9.5.3 South and Central America Heat Resistant Polymers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Heat Resistant Polymers Market Forecasts and Analysis - By End use industry
9.5.5 South and Central America Heat Resistant Polymers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Heat Resistant Polymers Market
9.5.5.1.1 Brazil Heat Resistant Polymers Market by Type
9.5.5.1.2 Brazil Heat Resistant Polymers Market by End use industry
9.5.5.2 Argentina Heat Resistant Polymers Market
9.5.5.2.1 Argentina Heat Resistant Polymers Market by Type
9.5.5.2.2 Argentina Heat Resistant Polymers Market by End use industry
9.5.5.3 Rest of South and Central America Heat Resistant Polymers Market
9.5.5.3.1 Rest of South and Central America Heat Resistant Polymers Market by Type
9.5.5.3.2 Rest of South and Central America Heat Resistant Polymers 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. HEAT RESISTANT POLYMERS MARKET, KEY COMPANY PROFILES
11.1. BASF SE
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. COVESTRO
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. DAIKIN INDUSTRIES, LTD.
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. DIC CORPORATION
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. DOWDUPONT INC.
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. EVONIK INDUSTRIES AG
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. HONEYWELL INTERNATIONAL 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. 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. SAUDI ARABIA BASIC INDUSTRIES CORPORATION
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. VICTREX PLC
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. BASF SE
2. Covestro
3. Daikin Industries, Ltd.
4. DIC Corporation
5. DowDuPont Inc.
6. Evonik Industries AG
7. Honeywell International Inc.
8. Huntsman Corporation
9. Saudi Arabia Basic Industries Corporation
10. Victrex PLC
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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