Iodine Market Size (2021-2031) and Regional Overview
The Iodine Market is expected to register a CAGR of 4.3% 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 form (inorganic salts and complexes, organic compounds, and elementals and isotopes). The report is further segmented by source (underground brine, caliche ore, recycling, and seaweeds). The report further presents an analysis based on the application (animal feed, x-ray contrast media, biocides, optical polarizing films, fluoro chemicals, nylon, 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 the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Iodine 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.
Iodine Market Segmentation
Form- Inorganic Salts and Complexes
- Organic Compounds
- Elementals and Isotopes
- Underground Brine
- Caliche Ore
- Recycling
- Seaweeds
- Animal Feed
- X-Ray Contrast Media
- Biocides
- Optical Polarizing Films
- Fluoro chemicals
- Nylon
- 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
Iodine Market Growth Drivers- Growth in the Pharmaceutical Industry: The pharmaceutical industry is the major contributor to the demand for iodine, aside from its essential use in antiseptics and disinfectants and as contrast agents in medical imaging. Iodine-based applications in diagnostics and treatments are in higher demand as healthcare awareness and practices evolve, further contributing to the growth of this market.
- Iodine's Role in Industrial Synthesis: Iodine has immense application in the various industrial synthesis processes and is used in the synthesis of chemicals and dyes, catalysts, etc. Its application to produce special compounds like iodinated resins and catalysts in polymer production enhances demand in the market, as various industries seek innovative solutions to make them more efficient, thereby improving the quality of the products.
- Increasing Awareness of Iodine's Health Benefits: Growing public awareness of the crucial role of iodine for appropriate functioning of the thyroid is driving its supplementation in diets. Health organizations highlight iodine, particularly those regions that have a deficiency. This recent focus on nutrition and increased consumption of products containing added iodine are driving market growth in dietary supplements.
- Sustainable Production Practices: There is a trend toward sustainable production of iodine with special consideration for the extraction processes to the environment, such as brine and seaweed. This has been a trend aimed at saving more of the ecology while filling the demands with environmental considerations. A large number of consumers will agree to the cause of sustaining the ecology, while industries using such materials as part of their sourcing decisions will appreciate the environmental aspect.
- Technological Advancements: Advances in technology for extraction and purification have dramatically grown the iodine market. New technologies improve efficiency and reduce production costs, enabling firms to produce more at reduced prices and offer better products to the customer. This supports growth in supply and also supports innovations in new applications for iodine in many different industries.
- Rising Consumer Preference for Organic Products: Consumer demands are increasingly going organic and natural. Organic iodine demand in dietary supplements is one product of this growing trend, tied into the consumers' better health and wellness movement, more specifically, the push for cleaner ingredients. Manufacturers of iodized salt respond by developing organic formulations to embrace this growing market segment.
- Economic Growth in Asia-Pacific and Latin America: Growth prospects for the iodine market lie in Asia-Pacific and Latin America. Economic development, expanding healthcare access, and increasing awareness about nutritional deficiencies have fueled demand from this region. Since these countries have increased investments in healthcare and agriculture, the demand for iodine as a supplement and for industrial applications will increase across these regions.
- Iodine's Expanding Role in Agriculture: Iodine is an excellent opportunity in the agricultural sector, particularly in the livestock sector. Iodine prevents iodine-related deficiencies in livestock and enhances its growth and productivity. Increased global demand for protein in food necessitates the incorporation of iodine into animal feed and fertilizers towards improved agricultural output that fills nutritional gaps during food production.
- Increased Research and Innovation: Further scopes in nanotechnology, renewable energy, and advanced imaging techniques open with research and development on new iodine applications. Innovative products in new applications of iodine create breakthroughs in many sectors: How much this stretches its market footprint is something that companies, before investing much in R&D, will find out in terms of competitive advantages and growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Iodine 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 Iodine 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.
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.
Frequently Asked Questions
The Iodine Market is estimated to witness a CAGR of 4.3% from 2023 to 2031
The major factors driving the iodine market are:
1. Growing use in antiseptics and medical imaging.
2. Increased awareness of iodine's importance for thyroid health.
Algorta Norte SA, Deepwater Chemicals Inc, Eskay Iodine Pvt Ltd, Iochem Corp, Calibre Chemicals Pvt Ltd, Ise Chemicals Corp, Protochem Industries Pvt Ltd, Iofina Plc, Salvi Chemical Industries Ltd, and SQM SA
On the basis of geography, the iodine 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.
Rising demand for natural iodine in supplements 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 Iodine Market - By Source
1.3.2 Iodine Market - By Form
1.3.3 Iodine Market - By Application
1.3.4 Iodine Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IODINE 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. IODINE 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. IODINE MARKET - GLOBAL MARKET ANALYSIS
6.1. IODINE - GLOBAL MARKET OVERVIEW
6.2. IODINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. IODINE MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. BRINE DEPOSITS
7.3.1. Overview
7.3.2. Brine Deposits Market Forecast and Analysis
7.4. ORES
7.4.1. Overview
7.4.2. Ores Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. IODINE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. ORGANIC COMPOUNDS
8.3.1. Overview
8.3.2. Organic Compounds Market Forecast and Analysis
8.4. INORGANIC SALTS AND COMPLEXES
8.4.1. Overview
8.4.2. Inorganic Salts and Complexes Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. IODINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. X-RAY CONTRAST MEDIA
9.3.1. Overview
9.3.2. X-Ray Contrast Media Market Forecast and Analysis
9.4. CATALYST
9.4.1. Overview
9.4.2. Catalyst Market Forecast and Analysis
9.5. ANIMAL FEED
9.5.1. Overview
9.5.2. Animal Feed Market Forecast and Analysis
9.6. FOOD AND BEVERAGES
9.6.1. Overview
9.6.2. Food and Beverages Market Forecast and Analysis
9.7. OPTICAL POLARIZING FILMS
9.7.1. Overview
9.7.2. Optical Polarizing Films Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. IODINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Iodine Market Overview
10.1.2 North America Iodine Market Forecasts and Analysis
10.1.3 North America Iodine Market Forecasts and Analysis - By Source
10.1.4 North America Iodine Market Forecasts and Analysis - By Form
10.1.5 North America Iodine Market Forecasts and Analysis - By Application
10.1.6 North America Iodine Market Forecasts and Analysis - By Countries
10.1.6.1 United States Iodine Market
10.1.6.1.1 United States Iodine Market by Source
10.1.6.1.2 United States Iodine Market by Form
10.1.6.1.3 United States Iodine Market by Application
10.1.6.2 Canada Iodine Market
10.1.6.2.1 Canada Iodine Market by Source
10.1.6.2.2 Canada Iodine Market by Form
10.1.6.2.3 Canada Iodine Market by Application
10.1.6.3 Mexico Iodine Market
10.1.6.3.1 Mexico Iodine Market by Source
10.1.6.3.2 Mexico Iodine Market by Form
10.1.6.3.3 Mexico Iodine Market by Application
10.2. EUROPE
10.2.1 Europe Iodine Market Overview
10.2.2 Europe Iodine Market Forecasts and Analysis
10.2.3 Europe Iodine Market Forecasts and Analysis - By Source
10.2.4 Europe Iodine Market Forecasts and Analysis - By Form
10.2.5 Europe Iodine Market Forecasts and Analysis - By Application
10.2.6 Europe Iodine Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Iodine Market
10.2.6.1.1 Germany Iodine Market by Source
10.2.6.1.2 Germany Iodine Market by Form
10.2.6.1.3 Germany Iodine Market by Application
10.2.6.2 France Iodine Market
10.2.6.2.1 France Iodine Market by Source
10.2.6.2.2 France Iodine Market by Form
10.2.6.2.3 France Iodine Market by Application
10.2.6.3 Italy Iodine Market
10.2.6.3.1 Italy Iodine Market by Source
10.2.6.3.2 Italy Iodine Market by Form
10.2.6.3.3 Italy Iodine Market by Application
10.2.6.4 United Kingdom Iodine Market
10.2.6.4.1 United Kingdom Iodine Market by Source
10.2.6.4.2 United Kingdom Iodine Market by Form
10.2.6.4.3 United Kingdom Iodine Market by Application
10.2.6.5 Russia Iodine Market
10.2.6.5.1 Russia Iodine Market by Source
10.2.6.5.2 Russia Iodine Market by Form
10.2.6.5.3 Russia Iodine Market by Application
10.2.6.6 Rest of Europe Iodine Market
10.2.6.6.1 Rest of Europe Iodine Market by Source
10.2.6.6.2 Rest of Europe Iodine Market by Form
10.2.6.6.3 Rest of Europe Iodine Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Iodine Market Overview
10.3.2 Asia-Pacific Iodine Market Forecasts and Analysis
10.3.3 Asia-Pacific Iodine Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Iodine Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Iodine Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Iodine Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Iodine Market
10.3.6.1.1 Australia Iodine Market by Source
10.3.6.1.2 Australia Iodine Market by Form
10.3.6.1.3 Australia Iodine Market by Application
10.3.6.2 China Iodine Market
10.3.6.2.1 China Iodine Market by Source
10.3.6.2.2 China Iodine Market by Form
10.3.6.2.3 China Iodine Market by Application
10.3.6.3 India Iodine Market
10.3.6.3.1 India Iodine Market by Source
10.3.6.3.2 India Iodine Market by Form
10.3.6.3.3 India Iodine Market by Application
10.3.6.4 Japan Iodine Market
10.3.6.4.1 Japan Iodine Market by Source
10.3.6.4.2 Japan Iodine Market by Form
10.3.6.4.3 Japan Iodine Market by Application
10.3.6.5 South Korea Iodine Market
10.3.6.5.1 South Korea Iodine Market by Source
10.3.6.5.2 South Korea Iodine Market by Form
10.3.6.5.3 South Korea Iodine Market by Application
10.3.6.6 Rest of Asia-Pacific Iodine Market
10.3.6.6.1 Rest of Asia-Pacific Iodine Market by Source
10.3.6.6.2 Rest of Asia-Pacific Iodine Market by Form
10.3.6.6.3 Rest of Asia-Pacific Iodine Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Iodine Market Overview
10.4.2 Middle East and Africa Iodine Market Forecasts and Analysis
10.4.3 Middle East and Africa Iodine Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Iodine Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Iodine Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Iodine Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Iodine Market
10.4.6.1.1 South Africa Iodine Market by Source
10.4.6.1.2 South Africa Iodine Market by Form
10.4.6.1.3 South Africa Iodine Market by Application
10.4.6.2 Saudi Arabia Iodine Market
10.4.6.2.1 Saudi Arabia Iodine Market by Source
10.4.6.2.2 Saudi Arabia Iodine Market by Form
10.4.6.2.3 Saudi Arabia Iodine Market by Application
10.4.6.3 U.A.E Iodine Market
10.4.6.3.1 U.A.E Iodine Market by Source
10.4.6.3.2 U.A.E Iodine Market by Form
10.4.6.3.3 U.A.E Iodine Market by Application
10.4.6.4 Rest of Middle East and Africa Iodine Market
10.4.6.4.1 Rest of Middle East and Africa Iodine Market by Source
10.4.6.4.2 Rest of Middle East and Africa Iodine Market by Form
10.4.6.4.3 Rest of Middle East and Africa Iodine Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Iodine Market Overview
10.5.2 South and Central America Iodine Market Forecasts and Analysis
10.5.3 South and Central America Iodine Market Forecasts and Analysis - By Source
10.5.4 South and Central America Iodine Market Forecasts and Analysis - By Form
10.5.5 South and Central America Iodine Market Forecasts and Analysis - By Application
10.5.6 South and Central America Iodine Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Iodine Market
10.5.6.1.1 Brazil Iodine Market by Source
10.5.6.1.2 Brazil Iodine Market by Form
10.5.6.1.3 Brazil Iodine Market by Application
10.5.6.2 Argentina Iodine Market
10.5.6.2.1 Argentina Iodine Market by Source
10.5.6.2.2 Argentina Iodine Market by Form
10.5.6.2.3 Argentina Iodine Market by Application
10.5.6.3 Rest of South and Central America Iodine Market
10.5.6.3.1 Rest of South and Central America Iodine Market by Source
10.5.6.3.2 Rest of South and Central America Iodine Market by Form
10.5.6.3.3 Rest of South and Central America Iodine 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. IODINE MARKET, KEY COMPANY PROFILES
12.1. SQM
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. IOFINA PLC
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. ISE CHEMICALS CORPORATION
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. IOCHEM CORPORATION
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. ALGORTA NORTE SA
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. COSAYACH COMPAñíA DE SALITRE Y YODO.
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. NIPPOH CHEMICALS CO., LTD.
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. KANTO NATURAL GAS DEVELOPMENT CO., LTD.
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. TOHO EARTHTECH CO., LTD.
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. GODO SHIGEN CO.,LTD
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
1. SQM
2. Iofina PLC
3. ISE Chemicals Corporation
4. Iochem Corporation
5. Algorta Norte Sa
6. Cosayach Compañía De Salitre Y Yodo.
7. Nippoh Chemicals Co., Ltd.
8. Kanto Natural Gas Development Co., Ltd.
9. Toho Earthtech Co., Ltd.
10. Godo Shigen Co.,Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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