High-Performance Alloys Market SWOT Analysis by 2031
Analyst Perspective
The global high-performance alloys market is expected to register a CAGR of ~4%. The high-performance alloys market is poised for significant growth in the forecasted period, driven by increasing demand in various sectors and technological advancements. The increasing demand for advancements in aerospace and defense technologies necessitates materials with exceptional capabilities; high-performance alloys have resistance to extreme temperatures, pressures, and corrosive environments, making them ideal for aircraft engines, spacecraft components, and military equipment. Investments in research and development, focus on sustainability and green manufacturing, and development of niche applications are growth-driven opportunities for the high-performance alloys market. High production costs, volatile raw-material prices, and intense competition are significant challenges that may hamper the growth of the high-performance alloys market.
Market Overview
High-performance alloys, often known as superalloys, are materials with exceptional qualities that make them ideal for demanding applications. These attributes include strong mechanical strength, resistance to deformation over time, and protection against oxidation or corrosion. High-performance alloys encompass a variety of materials, including nickel, aluminum, refractory substances, composite-clad materials, and precious metals. Examples of such alloys include Haynes, Monel, Hastelloy, Inconel, and others. Rapid urbanization and infrastructure development worldwide create substantial demand for durable and corrosion-resistant materials for construction and energy projects. High-performance alloys, mainly stainless steel and nickel-based, are increasingly demanding due to longevity and resilience.
Market Drivers
- High-performance alloys find widespread application in oil and gas plants, used in tanks, pump components, valve stems, piping systems, and others. Their exceptional performance in handling extreme temperatures and mechanical stress, coupled with superior corrosion resistance to substances like seawater, makes them an ideal choice for the oil and gas industry. The increasing need for these alloys in the sector is expected to fuel market growth.
- In the automotive sector, high-performance alloys like Haynes and Hastelloy are predominantly employed in various components such as sensors, electrical systems, control units, tubes, heater cores, radiators, and tanks. Their favorable attributes, including conductivity, high strength, exceptional heat, and corrosion resistance, make them well-suited for these automotive applications. The anticipated growth in the automotive sector is projected to drive increased demand for these alloys in areas like electrical systems, control units, and sensors, contributing to market expansion in the forecasted period.
Market Segmentation
The global high-performance alloys market is segmented based on metal type, product, and end-user industry. The global high-performance alloys market is segmented based on metal type into iron, aluminum, titanium, magnesium, and others. Based on product, the market is segmented into non-ferrous, refractory, superalloys, and others. Based on the end-use industry, the market is segmented into aerospace & defense, automotive, oil & gas, industrial, electrical & electronics, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global high-performance alloys market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The high-performance alloys market by region is also sub-segmented by respective countries and segments. The high-performance alloys market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the high-performance alloys market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the high-performance alloys market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the high-performance alloys market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the high-performance alloys market are anticipated to have lucrative growth opportunities with the growing demand for light materials in the aerospace industry in the global market.
The report includes key companies' profiles, SWOT analysis, and high-performance alloys market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the high-performance alloys market.
- Cedinox
- High-Performance Alloys
- Neonickel
- Modison
- Offshore Technology
- Haynes International
- Hitachi Metals
- Timken Company
- Alcoa
- Otukumpu
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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
1.3.1 High Performance Alloys Market - By Material
1.3.2 High Performance Alloys Market - By Product
1.3.3 High Performance Alloys Market - By Application
1.3.4 High Performance Alloys Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. HIGH PERFORMANCE ALLOYS 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. HIGH PERFORMANCE ALLOYS 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. HIGH PERFORMANCE ALLOYS MARKET - GLOBAL MARKET ANALYSIS
6.1. HIGH PERFORMANCE ALLOYS - GLOBAL MARKET OVERVIEW
6.2. HIGH PERFORMANCE ALLOYS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HIGH PERFORMANCE ALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. ALUMINUM
7.3.1. Overview
7.3.2. Aluminum Market Forecast and Analysis
7.4. TITANIUM
7.4.1. Overview
7.4.2. Titanium Market Forecast and Analysis
7.5. MAGNESIUM
7.5.1. Overview
7.5.2. Magnesium Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. HIGH PERFORMANCE ALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. NON FERROUS
8.3.1. Overview
8.3.2. Non ferrous Market Forecast and Analysis
8.4. PLATINUM GROUP METALS
8.4.1. Overview
8.4.2. Platinum group metals Market Forecast and Analysis
8.5. REFRACTORY
8.5.1. Overview
8.5.2. Refractory Market Forecast and Analysis
8.6. SUPERALLOYS
8.6.1. Overview
8.6.2. Superalloys Market Forecast and Analysis
9. HIGH PERFORMANCE ALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE
9.3.1. Overview
9.3.2. Aerospace Market Forecast and Analysis
9.4. INDUSTRIAL GAS TURBINE
9.4.1. Overview
9.4.2. Industrial gas turbine Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
9.6. AUTOMOTIVE
9.6.1. Overview
9.6.2. Automotive Market Forecast and Analysis
9.7. OIL AND GAS
9.7.1. Overview
9.7.2. Oil and gas Market Forecast and Analysis
9.8. ELECTRICAL AND ELECTRONICS
9.8.1. Overview
9.8.2. Electrical and Electronics Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. HIGH PERFORMANCE ALLOYS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America High Performance Alloys Market Overview
10.1.2 North America High Performance Alloys Market Forecasts and Analysis
10.1.3 North America High Performance Alloys Market Forecasts and Analysis - By Material
10.1.4 North America High Performance Alloys Market Forecasts and Analysis - By Product
10.1.5 North America High Performance Alloys Market Forecasts and Analysis - By Application
10.1.6 North America High Performance Alloys Market Forecasts and Analysis - By Countries
10.1.6.1 United States High Performance Alloys Market
10.1.6.1.1 United States High Performance Alloys Market by Material
10.1.6.1.2 United States High Performance Alloys Market by Product
10.1.6.1.3 United States High Performance Alloys Market by Application
10.1.6.2 Canada High Performance Alloys Market
10.1.6.2.1 Canada High Performance Alloys Market by Material
10.1.6.2.2 Canada High Performance Alloys Market by Product
10.1.6.2.3 Canada High Performance Alloys Market by Application
10.1.6.3 Mexico High Performance Alloys Market
10.1.6.3.1 Mexico High Performance Alloys Market by Material
10.1.6.3.2 Mexico High Performance Alloys Market by Product
10.1.6.3.3 Mexico High Performance Alloys Market by Application
10.2. EUROPE
10.2.1 Europe High Performance Alloys Market Overview
10.2.2 Europe High Performance Alloys Market Forecasts and Analysis
10.2.3 Europe High Performance Alloys Market Forecasts and Analysis - By Material
10.2.4 Europe High Performance Alloys Market Forecasts and Analysis - By Product
10.2.5 Europe High Performance Alloys Market Forecasts and Analysis - By Application
10.2.6 Europe High Performance Alloys Market Forecasts and Analysis - By Countries
10.2.6.1 Germany High Performance Alloys Market
10.2.6.1.1 Germany High Performance Alloys Market by Material
10.2.6.1.2 Germany High Performance Alloys Market by Product
10.2.6.1.3 Germany High Performance Alloys Market by Application
10.2.6.2 France High Performance Alloys Market
10.2.6.2.1 France High Performance Alloys Market by Material
10.2.6.2.2 France High Performance Alloys Market by Product
10.2.6.2.3 France High Performance Alloys Market by Application
10.2.6.3 Italy High Performance Alloys Market
10.2.6.3.1 Italy High Performance Alloys Market by Material
10.2.6.3.2 Italy High Performance Alloys Market by Product
10.2.6.3.3 Italy High Performance Alloys Market by Application
10.2.6.4 United Kingdom High Performance Alloys Market
10.2.6.4.1 United Kingdom High Performance Alloys Market by Material
10.2.6.4.2 United Kingdom High Performance Alloys Market by Product
10.2.6.4.3 United Kingdom High Performance Alloys Market by Application
10.2.6.5 Russia High Performance Alloys Market
10.2.6.5.1 Russia High Performance Alloys Market by Material
10.2.6.5.2 Russia High Performance Alloys Market by Product
10.2.6.5.3 Russia High Performance Alloys Market by Application
10.2.6.6 Rest of Europe High Performance Alloys Market
10.2.6.6.1 Rest of Europe High Performance Alloys Market by Material
10.2.6.6.2 Rest of Europe High Performance Alloys Market by Product
10.2.6.6.3 Rest of Europe High Performance Alloys Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific High Performance Alloys Market Overview
10.3.2 Asia-Pacific High Performance Alloys Market Forecasts and Analysis
10.3.3 Asia-Pacific High Performance Alloys Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific High Performance Alloys Market Forecasts and Analysis - By Product
10.3.5 Asia-Pacific High Performance Alloys Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific High Performance Alloys Market Forecasts and Analysis - By Countries
10.3.6.1 Australia High Performance Alloys Market
10.3.6.1.1 Australia High Performance Alloys Market by Material
10.3.6.1.2 Australia High Performance Alloys Market by Product
10.3.6.1.3 Australia High Performance Alloys Market by Application
10.3.6.2 China High Performance Alloys Market
10.3.6.2.1 China High Performance Alloys Market by Material
10.3.6.2.2 China High Performance Alloys Market by Product
10.3.6.2.3 China High Performance Alloys Market by Application
10.3.6.3 India High Performance Alloys Market
10.3.6.3.1 India High Performance Alloys Market by Material
10.3.6.3.2 India High Performance Alloys Market by Product
10.3.6.3.3 India High Performance Alloys Market by Application
10.3.6.4 Japan High Performance Alloys Market
10.3.6.4.1 Japan High Performance Alloys Market by Material
10.3.6.4.2 Japan High Performance Alloys Market by Product
10.3.6.4.3 Japan High Performance Alloys Market by Application
10.3.6.5 South Korea High Performance Alloys Market
10.3.6.5.1 South Korea High Performance Alloys Market by Material
10.3.6.5.2 South Korea High Performance Alloys Market by Product
10.3.6.5.3 South Korea High Performance Alloys Market by Application
10.3.6.6 Rest of Asia-Pacific High Performance Alloys Market
10.3.6.6.1 Rest of Asia-Pacific High Performance Alloys Market by Material
10.3.6.6.2 Rest of Asia-Pacific High Performance Alloys Market by Product
10.3.6.6.3 Rest of Asia-Pacific High Performance Alloys Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa High Performance Alloys Market Overview
10.4.2 Middle East and Africa High Performance Alloys Market Forecasts and Analysis
10.4.3 Middle East and Africa High Performance Alloys Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa High Performance Alloys Market Forecasts and Analysis - By Product
10.4.5 Middle East and Africa High Performance Alloys Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa High Performance Alloys Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa High Performance Alloys Market
10.4.6.1.1 South Africa High Performance Alloys Market by Material
10.4.6.1.2 South Africa High Performance Alloys Market by Product
10.4.6.1.3 South Africa High Performance Alloys Market by Application
10.4.6.2 Saudi Arabia High Performance Alloys Market
10.4.6.2.1 Saudi Arabia High Performance Alloys Market by Material
10.4.6.2.2 Saudi Arabia High Performance Alloys Market by Product
10.4.6.2.3 Saudi Arabia High Performance Alloys Market by Application
10.4.6.3 U.A.E High Performance Alloys Market
10.4.6.3.1 U.A.E High Performance Alloys Market by Material
10.4.6.3.2 U.A.E High Performance Alloys Market by Product
10.4.6.3.3 U.A.E High Performance Alloys Market by Application
10.4.6.4 Rest of Middle East and Africa High Performance Alloys Market
10.4.6.4.1 Rest of Middle East and Africa High Performance Alloys Market by Material
10.4.6.4.2 Rest of Middle East and Africa High Performance Alloys Market by Product
10.4.6.4.3 Rest of Middle East and Africa High Performance Alloys Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America High Performance Alloys Market Overview
10.5.2 South and Central America High Performance Alloys Market Forecasts and Analysis
10.5.3 South and Central America High Performance Alloys Market Forecasts and Analysis - By Material
10.5.4 South and Central America High Performance Alloys Market Forecasts and Analysis - By Product
10.5.5 South and Central America High Performance Alloys Market Forecasts and Analysis - By Application
10.5.6 South and Central America High Performance Alloys Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil High Performance Alloys Market
10.5.6.1.1 Brazil High Performance Alloys Market by Material
10.5.6.1.2 Brazil High Performance Alloys Market by Product
10.5.6.1.3 Brazil High Performance Alloys Market by Application
10.5.6.2 Argentina High Performance Alloys Market
10.5.6.2.1 Argentina High Performance Alloys Market by Material
10.5.6.2.2 Argentina High Performance Alloys Market by Product
10.5.6.2.3 Argentina High Performance Alloys Market by Application
10.5.6.3 Rest of South and Central America High Performance Alloys Market
10.5.6.3.1 Rest of South and Central America High Performance Alloys Market by Material
10.5.6.3.2 Rest of South and Central America High Performance Alloys Market by Product
10.5.6.3.3 Rest of South and Central America High Performance Alloys Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. HIGH PERFORMANCE ALLOYS MARKET, KEY COMPANY PROFILES
12.1. ALCOA CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ALLEGHENY TECHNOLOGIES INCORPORATED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. APERAM S.A.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CARPENTER TECHNOLOGY CORPORATION (CRS HOLDINGS INC.)
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HAYNES INTERNATIONAL, INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HITACHI METALS, LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. OUTOKUMPU OYJ
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PRECISION CASTPARTS CORP.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE TIMKEN COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VSMPO-AVISMA CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Alcoa Corporation
2. Allegheny Technologies Incorporated
3. Aperam S.A.
4. Carpenter Technology Corporation (CRS Holdings Inc.)
5. Haynes International, Inc.
6. Hitachi Metals, Ltd.
7. Outokumpu Oyj
8. Precision Castparts Corp.
9. The Timken Company
10. VSMPO-AVISMA Corporation
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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