Isocyanate Market Insights and Growth by 2031
The Isocyanate Market is expected to register a CAGR of 7.1% from 2024 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 (methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), aliphatic, and other). The report is further segmented by application (flexible foam, rigid foam, adhesives and sealants, paints and coatings, elastomers, binders, and other). The report further presents an analysis based on the end-user industry (building and construction, automotive, healthcare, furniture, and other). 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 Isocyanate 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.
Isocyanate Market Segmentation
Type- Methylene Diphenyl Diisocyanate
- Toluene Diisocyanate
- Aliphatic
- Flexible Foam
- Rigid Foam
- Adhesives and Sealants
- Paints and Coatings
- Elastomers
- Binders
Strategic Insights
Isocyanate Market Growth Drivers- Demand for Isocyanates in Polyurethane Foams and Coatings: Automotive is one of the largest consumers of isocyanates, particularly in the manufacturing of polyurethane foams and coatings. The production of polyurethane foam and coatings has gained at a considerable rate in recent years owing to the growing demand of the automotive industry in countries across the globe, especially the emerging markets, which have demands for lightweight materials with more durability. The major consumption of polyurethane foam, a by-product of isocyanate, occurs in car interiors, such as seats and insulation and soundproofing materials. Additional benefits of polyurethane coatings include their chemical resistance, excellent high and low-temperature properties, UV degradation, and good resistance to corrosion, thereby making it an important attribute in automotive production.
- Isocyanates in Lightweight, Durable Materials for Packaging: There is a strong demand for light but strong materials in the packaging, furniture, and electronics industries. Isocyanates are highly flexible yet very durable products of minimal weight. With consumer demand moving towards high performance and long lifetimes, manufacturers have naturally turned to isocyanate-based materials.
- Construction Sector Boosting Demand for Isocyanates: The construction sector is the other significant driver for the isocyanate market. Polyurethane-based products covering thermal insulation foams, sealants, and adhesives have evolved into a backbone of modern construction in energy efficiency and structural integrity. With speeding urbanization process, notably in those developing regions such as Asia-Pacific and Africa, the demand for isocyanate-based materials will grow rapidly. Initiatives by governments towards green building standards and energy-efficient construction are supporting the growth of this market.
- Eco-Friendly Alternatives for Sustainable Production: Isocyanate products are thus sustainable, or more elegantly described as ecofriendly. The trend now is to produce isocyanates in more environmentally friendly ways. For instance, these days, manufacturers are focusing on developing bio-based alternatives for the production of isocyanates. This way of producing greener solutions is becoming a trend among industries and consumers alike regarding the development of greener solutions such as the bio-based polyols that, in combination with isocyanates, produce polyurethane.
- Innovations in Isocyanate Production: Enhancing Efficiency, Reducing Costs, and Boosting Quality: Innovations in the production processes of isocyanates are gradually allowing greater production at lower cost. Automation, catalytic processes, and new reactors assist in increased efficiency, waste reduction, and energy savings. All of these help manufacturers face growing demand and result in higher-quality products, particularly in high-performance applications, including automotive coatings and construction materials.
- Mergers, Acquisitions, and Strategic Alliances Shaping the Global Isocyanate Market: Isocyanate Market The worldwide isocyanate market is seeing more and more mergers, acquisitions, and strategic alliances among key industry players. Companies are consolidating to enhance their product offerings, expand their geographical reach, and strengthen their supply chain. For instance, when isocyanate manufacturers form strategic alliances with raw material suppliers or end-use industries, it helps eliminate any disruptions along the supply chain and produces the most efficient process in the production cycle.
- Emerging Economies Driving Isocyanate Demand for Infrastructure and Consumer Goods: The Asia-Pacific, Latin America, and Middle East regions are urbanizing and building infrastructure and industrial systems at a fast pace. Opportunities therefore exist for the producers of isocyanates. The growing demand for energy-efficient buildings, automotive expansion, and consumer goods in such regions is working in favor of demand for products based on isocyanates. With increased disposable incomes, demand for high-quality, durable, and lightweight products based on isocyanates increases.
- Sustainability and Energy Efficiency Boosting Demand for Isocyanate-based Insulation: Global trends in sustainability and energy efficiency open large opportunities for isocyanate-based products in insulation applications. Isocyanate-based polyurethane foams can be very competitively applied for energy-efficient houses, commercial buildings, and appliances due to their high thermal insulation efficiencies. High-performance insulation materials are on the increase with so much attention now at both governmental and industrial levels on carbon footprint reduction.
- Growing Opportunities for Isocyanate in Electronics and Sustainable Packaging: The isocyanate-based material protection and insulation coatings, as well as all kinds of components capable of being strong yet flexible, are very much in view in the electronics industry. Polyurethane-based materials are now becoming more preferred by the packaging industry for protecting and creating better-performing product characteristics. As the acceptance and demand for e-commerce continue to grow, as well as increasing sustainable packaging needs, there seem to be a lot of positive tailwinds expected in the future for the isocyanate market, mainly with regard to increasing demands for light-weight and environmentally friendly solutions in packaging.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Isocyanate 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 Isocyanate 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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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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
Shift towards environmentally friendly and bio-based isocyanates is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the isocyanate market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
BASF SE, Covestro AG, Huntsman Corp, Wanhua Chemical Group, Mitsui Chemicals Inc, Dow Inc, Bayer AG, SRF Limited, OCI Company Ltd, and China National Petroleum Corp
The major factors driving the isocyanate market are:
1. Increasing Construction and Infrastructure Development.
2. Rising Consumer Preference for Durable, Lightweight Products
The Isocyanate Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Isocyanate Market - By Type
1.3.2 Isocyanate Market - By Application
1.3.3 Isocyanate Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ISOCYANATE 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. ISOCYANATE 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. ISOCYANATE MARKET - GLOBAL MARKET ANALYSIS
6.1. ISOCYANATE - GLOBAL MARKET OVERVIEW
6.2. ISOCYANATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ISOCYANATE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MDI
7.3.1. Overview
7.3.2. MDI Market Forecast and Analysis
7.4. TDI
7.4.1. Overview
7.4.2. TDI Market Forecast and Analysis
7.5. ALIPHATIC ISOCYANATE
7.5.1. Overview
7.5.2. Aliphatic Isocyanate Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ISOCYANATE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RIGID FOAMS
8.3.1. Overview
8.3.2. Rigid Foams Market Forecast and Analysis
8.4. FLEXIBLE FOAMS
8.4.1. Overview
8.4.2. Flexible Foams Market Forecast and Analysis
8.5. PAINTS AND COATINGS
8.5.1. Overview
8.5.2. Paints and Coatings Market Forecast and Analysis
8.6. ELASTOMERS AND BINDER
8.6.1. Overview
8.6.2. Elastomers and Binder Market Forecast and Analysis
8.7. ADHESIVES AND SEALANTS
8.7.1. Overview
8.7.2. Adhesives and Sealants Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ISOCYANATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Isocyanate Market Overview
9.1.2 North America Isocyanate Market Forecasts and Analysis
9.1.3 North America Isocyanate Market Forecasts and Analysis - By Type
9.1.4 North America Isocyanate Market Forecasts and Analysis - By Application
9.1.5 North America Isocyanate Market Forecasts and Analysis - By Countries
9.1.5.1 United States Isocyanate Market
9.1.5.1.1 United States Isocyanate Market by Type
9.1.5.1.2 United States Isocyanate Market by Application
9.1.5.2 Canada Isocyanate Market
9.1.5.2.1 Canada Isocyanate Market by Type
9.1.5.2.2 Canada Isocyanate Market by Application
9.1.5.3 Mexico Isocyanate Market
9.1.5.3.1 Mexico Isocyanate Market by Type
9.1.5.3.2 Mexico Isocyanate Market by Application
9.2. EUROPE
9.2.1 Europe Isocyanate Market Overview
9.2.2 Europe Isocyanate Market Forecasts and Analysis
9.2.3 Europe Isocyanate Market Forecasts and Analysis - By Type
9.2.4 Europe Isocyanate Market Forecasts and Analysis - By Application
9.2.5 Europe Isocyanate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Isocyanate Market
9.2.5.1.1 Germany Isocyanate Market by Type
9.2.5.1.2 Germany Isocyanate Market by Application
9.2.5.2 France Isocyanate Market
9.2.5.2.1 France Isocyanate Market by Type
9.2.5.2.2 France Isocyanate Market by Application
9.2.5.3 Italy Isocyanate Market
9.2.5.3.1 Italy Isocyanate Market by Type
9.2.5.3.2 Italy Isocyanate Market by Application
9.2.5.4 United Kingdom Isocyanate Market
9.2.5.4.1 United Kingdom Isocyanate Market by Type
9.2.5.4.2 United Kingdom Isocyanate Market by Application
9.2.5.5 Russia Isocyanate Market
9.2.5.5.1 Russia Isocyanate Market by Type
9.2.5.5.2 Russia Isocyanate Market by Application
9.2.5.6 Rest of Europe Isocyanate Market
9.2.5.6.1 Rest of Europe Isocyanate Market by Type
9.2.5.6.2 Rest of Europe Isocyanate Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Isocyanate Market Overview
9.3.2 Asia-Pacific Isocyanate Market Forecasts and Analysis
9.3.3 Asia-Pacific Isocyanate Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Isocyanate Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Isocyanate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Isocyanate Market
9.3.5.1.1 Australia Isocyanate Market by Type
9.3.5.1.2 Australia Isocyanate Market by Application
9.3.5.2 China Isocyanate Market
9.3.5.2.1 China Isocyanate Market by Type
9.3.5.2.2 China Isocyanate Market by Application
9.3.5.3 India Isocyanate Market
9.3.5.3.1 India Isocyanate Market by Type
9.3.5.3.2 India Isocyanate Market by Application
9.3.5.4 Japan Isocyanate Market
9.3.5.4.1 Japan Isocyanate Market by Type
9.3.5.4.2 Japan Isocyanate Market by Application
9.3.5.5 South Korea Isocyanate Market
9.3.5.5.1 South Korea Isocyanate Market by Type
9.3.5.5.2 South Korea Isocyanate Market by Application
9.3.5.6 Rest of Asia-Pacific Isocyanate Market
9.3.5.6.1 Rest of Asia-Pacific Isocyanate Market by Type
9.3.5.6.2 Rest of Asia-Pacific Isocyanate Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Isocyanate Market Overview
9.4.2 Middle East and Africa Isocyanate Market Forecasts and Analysis
9.4.3 Middle East and Africa Isocyanate Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Isocyanate Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Isocyanate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Isocyanate Market
9.4.5.1.1 South Africa Isocyanate Market by Type
9.4.5.1.2 South Africa Isocyanate Market by Application
9.4.5.2 Saudi Arabia Isocyanate Market
9.4.5.2.1 Saudi Arabia Isocyanate Market by Type
9.4.5.2.2 Saudi Arabia Isocyanate Market by Application
9.4.5.3 U.A.E Isocyanate Market
9.4.5.3.1 U.A.E Isocyanate Market by Type
9.4.5.3.2 U.A.E Isocyanate Market by Application
9.4.5.4 Rest of Middle East and Africa Isocyanate Market
9.4.5.4.1 Rest of Middle East and Africa Isocyanate Market by Type
9.4.5.4.2 Rest of Middle East and Africa Isocyanate Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Isocyanate Market Overview
9.5.2 South and Central America Isocyanate Market Forecasts and Analysis
9.5.3 South and Central America Isocyanate Market Forecasts and Analysis - By Type
9.5.4 South and Central America Isocyanate Market Forecasts and Analysis - By Application
9.5.5 South and Central America Isocyanate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Isocyanate Market
9.5.5.1.1 Brazil Isocyanate Market by Type
9.5.5.1.2 Brazil Isocyanate Market by Application
9.5.5.2 Argentina Isocyanate Market
9.5.5.2.1 Argentina Isocyanate Market by Type
9.5.5.2.2 Argentina Isocyanate Market by Application
9.5.5.3 Rest of South and Central America Isocyanate Market
9.5.5.3.1 Rest of South and Central America Isocyanate Market by Type
9.5.5.3.2 Rest of South and Central America Isocyanate 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. ISOCYANATE MARKET, KEY COMPANY PROFILES
11.1. ASAHI KASEI CHEMICALS CORP.
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. BAYER MATERIALSCIENCE AG
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. CHEMTURA 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. DOW CHEMICAL COMPANY
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
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. HEBEI CANGZHOU DAHUA GROUP CO. LTD.
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 INTERNATIONAL LLC
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. KUMHO MITSUI CHEMICALS INC.
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. MITSUI CHEMICALS INC.
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.Asahi Kasei Chemicals Corp.
2.BASF SE
3.Bayer MaterialScience AG
4.Chemtura Corporation
5.Dow Chemical Company
6.Evonik Industries
7.Hebei Cangzhou Dahua Group Co. Ltd.
8.Huntsman International Llc
9.Kumho Mitsui Chemicals Inc.
10.Mitsui Chemicals Inc.
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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