Perfluorocarbon Market 2021-2031 | Trends and Top Players
The Perfluorocarbon Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The perfluorocarbon market report is segmented by product (perfluoroalkanes, perfluoroalkenes, and others). The market is segmented based on application (electronics and semiconductors, tracers and taggers, cosmetics, medical, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Perfluorocarbon 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.
Perfluorocarbon Market Segmentation
Product- Perfluoroalkanes
- Perfluoroalkenes
- Electronics and Semiconductors
- Tracers and Taggers
- Cosmetics
- Medical
Strategic Insights
Perfluorocarbon Market Growth Drivers- Increasing Demand for Perfluorocarbons in Electronics Cooling Applications: Perfluorocarbons (PFCs) are highly multifunctional materials, which find their application mostly in high-performance fluids for the electronics industry. Such properties as non-reactiveness, electrical insulating properties, and extreme temperature capabilities are well suited as cooling units in electronic devices like computer processors and data centers all of which are strapped for cooling improvement solutions. Hence, there will be increased demand for them as power and numbers of data centers increase, along with high-performance computing systems.
- Growing Use of Perfluorocarbons in Medical Imaging and Diagnostics: Perfluorinated carbons have traditionally found a role in medicinal imaging applications, for instance, MRI and PET scanning. The compounds are among excellent contrast agents and important for accurate disease diagnosis and monitoring, including cancer. The demand for PFC in this sector is expected to be ever increasing, given the boost given to health infrastructures and medical technologies.
- Regulatory Pressures Driving Development of Environmentally Friendly Alternatives to PFCs: Regulations with regard to greenhouse gas emissions from PFCs do appear to be problematic. Continued progress is being made, however, in developing lower-carbon or more environmentally viable alternatives. Governments continue to develop legislative pressures into emission reductions and sustainable practices that will force industries to think of cleaner alternatives. This has increased the R&D effort directed toward developing safer, more environmentally friendly alternatives to PFCs, creating activity within the market.
- Growing Demand for Environmentally Friendly Alternatives to Perfluorocarbons: One of the major trends in the PFC market is making strides toward creating alternatives that are more environmentally friendly. Like its predecessor, this demand shall surely continue to grow as global efforts to reduce carbon footprints move forward. Research is centered on doing PFC-like compounds with lower global warming potential (GWP) and shorter atmospheric lifetime to counter all the environmental concerns raised on traditional PFCs regarding their long-term effects on the environment.
- Rising PFC Demand in Emerging Economies, Especially Asia-Pacific: The market for PFC is growing in emerging economies. The specific region under consideration is Asia-pacific, where rapid expansion in electronics, automotive, and healthcare industries has increased demand for PFCs due to rapid industrialization coupled with rising middle class and income. This development is expected to contribute significantly to the future potential growth of the market globally for PFC concerning demand for high-performance fluids, medical imaging, and other applications.
- Stricter Environmental Regulations Reshaping the PFC Market: Like the stiffer rules that the different countries and regions- the EU, the US, and China- are implementing with respect to greenhouse gases (GHGs), the PFC market will also experience more stringent environmental supervision. New laws namely the Paris Agreement and the Kigali Amendment to the Montreal Protocol, are pushing industries that highly depend on high-GWP substances towards more sustainable practices. This is driving manufacturers to innovate with alternative PFC formulations as they have reduced environmental impacts, thus fostering these innovations and reshaping the market dynamics.
- PFCs Driving Innovation in Cooling Technologies for Electronics and Automotive Systems: Cooling technologies are a major market driver in response to increased levels of heat output in electronic devices and components. PFCs enable high-performance cooling systems in large data centers, electronic devices, and automotive systems. As such soaring demand is being created for energy-efficient and environmentally sustainable cooling solutions, there is ample opportunity for innovative market players to furtherbring their products in that high-demand aspect of effective thermal management solutions.
- Expanding Application of PFCs in Healthcare and Medical Diagnostics: PFCs provide significant application opportunities in the health space, for instance, as blood substitutes and in the area of drug delivery. These fluorocarbon compounds are great candidates for critical care, especially where oxygen availability is limited, as they carry oxygen. In addition, growth will be maintained in imaging and diagnostic applications of PFCs since facilities will continue investing in such advanced technologies for patient care.
- Opportunities in Developing Eco-Friendly Alternatives to PFCs: The development of eco-friendly PFC alternatives is expected to offer more opportunities for the market growth in the coming times. This will take place as substitute eco-friendly PFCs being really good opportunity for manufacturers to tap into the market's growing demand. Low-GWP alternatives research as well as development of perfluorinated chemicals with reduced impacts on the environment are well-set to become a market segment. Companies that can develop such green replacements will have added opportunities, primarily from the emerging demand for greener offerings due to stricter regulations on the environment and consumer preferences.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Perfluorocarbon 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 Perfluorocarbon 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
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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
Based on geography, Asia Pacific held the largest share of the perfluorocarbon market due to the strong growth of the electronics and semiconductors industry in the region.
Shift toward eco-friendly alternatives are expected to be the key market trends.
Based on application, the electronics and semiconductors segment is expected to witness the fastest growth during the forecast period.
The Perfluorocarbon Market is estimated to witness a CAGR of 4% from 2023 to 2031
Growing demand for high-performance fluids in electronics are driving the market growth.
3M, AGC Inc, Changshu 3F Zhonghao New Chemical Materials Co Ltd, F2 Chemicals Ltd, FluoroMed L.P., Fujian Yongjing Technology Co Ltd, Solvay, The Chemours Company, Tianhe Chemicals, and Vitreq B.V. are the key players operating in the perfluorocarbon market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Perfluorocarbon Market - By Product
1.3.2 Perfluorocarbon Market - By Application
1.3.3 Perfluorocarbon Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PERFLUOROCARBON 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. PERFLUOROCARBON 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. PERFLUOROCARBON MARKET - GLOBAL MARKET ANALYSIS
6.1. PERFLUOROCARBON - GLOBAL MARKET OVERVIEW
6.2. PERFLUOROCARBON - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PERFLUOROCARBON MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PERFLUOROALKANES
7.3.1. Overview
7.3.2. Perfluoroalkanes Market Forecast and Analysis
7.4. PERFLUOROALKENES
7.4.1. Overview
7.4.2. Perfluoroalkenes Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. PERFLUOROCARBON MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SEMICONDUCTOR CLEANING
8.3.1. Overview
8.3.2. Semiconductor Cleaning Market Forecast and Analysis
8.4. TRACERS AND TAGGERS
8.4.1. Overview
8.4.2. Tracers and Taggers Market Forecast and Analysis
8.5. COSMETICS
8.5.1. Overview
8.5.2. Cosmetics Market Forecast and Analysis
8.6. ELECTRICAL PROCESSING
8.6.1. Overview
8.6.2. Electrical Processing Market Forecast and Analysis
8.7. MEDICAL
8.7.1. Overview
8.7.2. Medical Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PERFLUOROCARBON MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Perfluorocarbon Market Overview
9.1.2 North America Perfluorocarbon Market Forecasts and Analysis
9.1.3 North America Perfluorocarbon Market Forecasts and Analysis - By Product
9.1.4 North America Perfluorocarbon Market Forecasts and Analysis - By Application
9.1.5 North America Perfluorocarbon Market Forecasts and Analysis - By Countries
9.1.5.1 United States Perfluorocarbon Market
9.1.5.1.1 United States Perfluorocarbon Market by Product
9.1.5.1.2 United States Perfluorocarbon Market by Application
9.1.5.2 Canada Perfluorocarbon Market
9.1.5.2.1 Canada Perfluorocarbon Market by Product
9.1.5.2.2 Canada Perfluorocarbon Market by Application
9.1.5.3 Mexico Perfluorocarbon Market
9.1.5.3.1 Mexico Perfluorocarbon Market by Product
9.1.5.3.2 Mexico Perfluorocarbon Market by Application
9.2. EUROPE
9.2.1 Europe Perfluorocarbon Market Overview
9.2.2 Europe Perfluorocarbon Market Forecasts and Analysis
9.2.3 Europe Perfluorocarbon Market Forecasts and Analysis - By Product
9.2.4 Europe Perfluorocarbon Market Forecasts and Analysis - By Application
9.2.5 Europe Perfluorocarbon Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Perfluorocarbon Market
9.2.5.1.1 Germany Perfluorocarbon Market by Product
9.2.5.1.2 Germany Perfluorocarbon Market by Application
9.2.5.2 France Perfluorocarbon Market
9.2.5.2.1 France Perfluorocarbon Market by Product
9.2.5.2.2 France Perfluorocarbon Market by Application
9.2.5.3 Italy Perfluorocarbon Market
9.2.5.3.1 Italy Perfluorocarbon Market by Product
9.2.5.3.2 Italy Perfluorocarbon Market by Application
9.2.5.4 United Kingdom Perfluorocarbon Market
9.2.5.4.1 United Kingdom Perfluorocarbon Market by Product
9.2.5.4.2 United Kingdom Perfluorocarbon Market by Application
9.2.5.5 Russia Perfluorocarbon Market
9.2.5.5.1 Russia Perfluorocarbon Market by Product
9.2.5.5.2 Russia Perfluorocarbon Market by Application
9.2.5.6 Rest of Europe Perfluorocarbon Market
9.2.5.6.1 Rest of Europe Perfluorocarbon Market by Product
9.2.5.6.2 Rest of Europe Perfluorocarbon Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Perfluorocarbon Market Overview
9.3.2 Asia-Pacific Perfluorocarbon Market Forecasts and Analysis
9.3.3 Asia-Pacific Perfluorocarbon Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Perfluorocarbon Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Perfluorocarbon Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Perfluorocarbon Market
9.3.5.1.1 Australia Perfluorocarbon Market by Product
9.3.5.1.2 Australia Perfluorocarbon Market by Application
9.3.5.2 China Perfluorocarbon Market
9.3.5.2.1 China Perfluorocarbon Market by Product
9.3.5.2.2 China Perfluorocarbon Market by Application
9.3.5.3 India Perfluorocarbon Market
9.3.5.3.1 India Perfluorocarbon Market by Product
9.3.5.3.2 India Perfluorocarbon Market by Application
9.3.5.4 Japan Perfluorocarbon Market
9.3.5.4.1 Japan Perfluorocarbon Market by Product
9.3.5.4.2 Japan Perfluorocarbon Market by Application
9.3.5.5 South Korea Perfluorocarbon Market
9.3.5.5.1 South Korea Perfluorocarbon Market by Product
9.3.5.5.2 South Korea Perfluorocarbon Market by Application
9.3.5.6 Rest of Asia-Pacific Perfluorocarbon Market
9.3.5.6.1 Rest of Asia-Pacific Perfluorocarbon Market by Product
9.3.5.6.2 Rest of Asia-Pacific Perfluorocarbon Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Perfluorocarbon Market Overview
9.4.2 Middle East and Africa Perfluorocarbon Market Forecasts and Analysis
9.4.3 Middle East and Africa Perfluorocarbon Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Perfluorocarbon Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Perfluorocarbon Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Perfluorocarbon Market
9.4.5.1.1 South Africa Perfluorocarbon Market by Product
9.4.5.1.2 South Africa Perfluorocarbon Market by Application
9.4.5.2 Saudi Arabia Perfluorocarbon Market
9.4.5.2.1 Saudi Arabia Perfluorocarbon Market by Product
9.4.5.2.2 Saudi Arabia Perfluorocarbon Market by Application
9.4.5.3 U.A.E Perfluorocarbon Market
9.4.5.3.1 U.A.E Perfluorocarbon Market by Product
9.4.5.3.2 U.A.E Perfluorocarbon Market by Application
9.4.5.4 Rest of Middle East and Africa Perfluorocarbon Market
9.4.5.4.1 Rest of Middle East and Africa Perfluorocarbon Market by Product
9.4.5.4.2 Rest of Middle East and Africa Perfluorocarbon Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Perfluorocarbon Market Overview
9.5.2 South and Central America Perfluorocarbon Market Forecasts and Analysis
9.5.3 South and Central America Perfluorocarbon Market Forecasts and Analysis - By Product
9.5.4 South and Central America Perfluorocarbon Market Forecasts and Analysis - By Application
9.5.5 South and Central America Perfluorocarbon Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Perfluorocarbon Market
9.5.5.1.1 Brazil Perfluorocarbon Market by Product
9.5.5.1.2 Brazil Perfluorocarbon Market by Application
9.5.5.2 Argentina Perfluorocarbon Market
9.5.5.2.1 Argentina Perfluorocarbon Market by Product
9.5.5.2.2 Argentina Perfluorocarbon Market by Application
9.5.5.3 Rest of South and Central America Perfluorocarbon Market
9.5.5.3.1 Rest of South and Central America Perfluorocarbon Market by Product
9.5.5.3.2 Rest of South and Central America Perfluorocarbon 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. PERFLUOROCARBON MARKET, KEY COMPANY PROFILES
11.1. 3M
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. AGC INC.
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. CHANGSHU 3F ZHONGHAO NEW CHEMICAL MATERIALS CO.,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. F2 CHEMICALS LTD.
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. FLUOROMED, L.P.
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. FUJIAN YONGJING TECHNOLOGY CO., LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SOLVAY
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. THE CHEMOURS COMPANY
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. TIANHE CHEMICALS
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. VITREQ B.V.
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. 3M
2. AGC Inc.
3. Changshu 3F Zhonghao New Chemical Materials Co.,Ltd.
4. F2 Chemicals Ltd.
5. FluoroMed, L.P.
6. Fujian Yongjing Technology Co., Ltd
7. Solvay
8. The Chemours Company
9. Tianhe Chemicals
10. Vitreq B.V.
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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