PET Foam Market [2021-2031] - Size, Share, and Analysis
The PET Foam Market is expected to register a CAGR of 7% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on raw material (virgin PET and recycled PET). The report is segmented by grade (low-density and high-density). The report is segmented by application (wind energy, transportation, marine, building and construction, packaging and others). The global analysis is further broken-down at regional level and major countries. 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 and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report PET Foam 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.
PET Foam Market Segmentation
Raw Material- Virgin PET and Recycled PET
- Low-density and High-density
- Wind Energy
- Transportation
- Marine
- Building and Construction
- Packaging and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
PET Foam Market Growth Drivers- Industrial Applications Drive PET Foam Market Growth: Industrial applications are one of the major drivers for growth in the PET foam market. Applied in multiple aerospace, automotive, and construction industries, it finds use there because of its lightweight, durability, and versatility properties. In the aerospace industry, it is used in the manufacture of composite structures that possess a very high strength-to-weight ratio for reduction in fuel efficiency and enhancement in performance.
- Automotive Industry Boosts Demand for PET Foam: The automobile industry is also said to contribute to the demand for PET foam. It is through it that lightweight parts can be produced, hence decreasing the total weight that a vehicle has improving on mileage per gallon of the vehicle. It is for this reason that PET foam can be applied in the manufacturing of car parts, bumpers, panels, and interior components, owing to their ruggedness and absorption of shock effects.
- Construction Industry Sees Growing Use of PET Foam for Insulation: It also gains popularity in the construction site for different kinds of insulation materials. The PET foam comes with excellent thermal as well as acoustic properties, which makes it appropriate for energy-efficient buildings. Moreover, due to high moisture resistance and resistance to rotting, this material could be used in roofing, wall panels, and flooring applications, thus increasing its demand in the market.
- Sustainability Driving PET Foam Market Growth: Sustainability and environmental issues are generally contributing to the growth of the PET foam market in the future. Industries are going to be more inclined toward eco-friendly materials, and PET foam, having recyclability and low environmental impact, is a highly feasible and promising alternative to traditional materials such as polystyrene and polyurethane. This demand for the product supports the future sustainability of this product.
- Recycled PET (rPET) Enhances Sustainability: Answering the rising environmental awareness, manufacturers are now producing PET foam from recycled PET, adding to its sustainability. The use of rPET is reducing virgin plastics cutting down on the consumption of resources and energy uses. This will be in line with the global intent to reduce waste and encourage circular economies.
- Energy and Weight Savings Boost Environmental Benefits: In addition, the saving in energy due to PET foam is complemented by weight savings to reduce carbon emissions, such as in light industries like aerospace or automotive. The lightweight characteristics of PET foam improve fuel efficiency while reducing the overall environmental footprints in products, aligned with increasing sectors with carbon targets.
- Technological Integration Boosts PET Foam Production Efficiency: Technological integration into manufacturing processes is providing significant opportunities for growth in the PET foam market. The efficiency and precision that can be achieved in PET foam production through the use of automated production lines and advanced molding techniques reduce their cost, enhance the scalability of their production, and make the material more available to the industry for use in different applications.
- 3D Printing Opens New Possibilities for Custom PET Foam Applications: A new opportunity for the PET foam market stems from the addition of digital technologies, as exemplified by 3D printing. In 3D printing, it is easier to build complicated structures and shapes, reduce waste of material, and even create custom-designed PET foam parts. This is very useful in aerospace, automotive, or other applications where optimized shape and structure hold a lot of importance.
- Smart Technologies Enhance Quality Control in PET Foam Production: Besides, the smart technologies integrated with PET foam production develop quality control. Live monitoring and AI-driven analytics, along with auto-testing, ensure constant PET foam performance. This results in high-quality PET foam as the first option for demanding applications in construction, transportation, and consumer goods.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the PET Foam 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 PET Foam 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
Sustainability and environmental concerns are expected to be the key market trends.
Based on raw material, the recycled PET segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the PET foam market as the region has become a hub for industries like aerospace, automotive, construction, and packaging, all of which increasingly use PET foam for its lightweight, durable, and eco-friendly properties.
The increasing demand industries such as aerospace, automotive, and construction is driving the market growth.
3A Composites; Armacell International SA; Carbon-Core Corp.; Changzhou Tiansheng New Materials Co. Ltd; CoreLite, Inc.; DIAB Group; Gurit Holding; Huntsman International LLC; Petro Polymer Shargh; and Sekisui Plastics are some of the key players operating in the PET foam market
The PET Foam Market is estimated to witness a CAGR of 7% 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 PET Foam Market - By Raw Material
1.3.2 PET Foam Market - By Grade
1.3.3 PET Foam Market - By Application
1.3.4 PET Foam Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PET FOAM 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. PET FOAM 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. PET FOAM MARKET - GLOBAL MARKET ANALYSIS
6.1. PET FOAM - GLOBAL MARKET OVERVIEW
6.2. PET FOAM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PET FOAM MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1. OVERVIEW
7.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. VIRGIN PET
7.3.1. Overview
7.3.2. Virgin PET Market Forecast and Analysis
7.4. RECYCLED PET
7.4.1. Overview
7.4.2. Recycled PET Market Forecast and Analysis
8. PET FOAM MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
8.1. OVERVIEW
8.2. GRADE MARKET FORECASTS AND ANALYSIS
8.3. LOW-DENSITY
8.3.1. Overview
8.3.2. Low-density Market Forecast and Analysis
8.4. HIGH-DENSITY
8.4.1. Overview
8.4.2. High-density Market Forecast and Analysis
9. PET FOAM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. WIND ENERGY
9.3.1. Overview
9.3.2. Wind Energy Market Forecast and Analysis
9.4. TRANSPORTATION
9.4.1. Overview
9.4.2. Transportation Market Forecast and Analysis
9.5. MARINE
9.5.1. Overview
9.5.2. Marine Market Forecast and Analysis
9.6. BUILDING AND CONSTRUCTION
9.6.1. Overview
9.6.2. Building and Construction Market Forecast and Analysis
9.7. PACKAGING
9.7.1. Overview
9.7.2. Packaging Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. PET FOAM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America PET Foam Market Overview
10.1.2 North America PET Foam Market Forecasts and Analysis
10.1.3 North America PET Foam Market Forecasts and Analysis - By Raw Material
10.1.4 North America PET Foam Market Forecasts and Analysis - By Grade
10.1.5 North America PET Foam Market Forecasts and Analysis - By Application
10.1.6 North America PET Foam Market Forecasts and Analysis - By Countries
10.1.6.1 United States PET Foam Market
10.1.6.1.1 United States PET Foam Market by Raw Material
10.1.6.1.2 United States PET Foam Market by Grade
10.1.6.1.3 United States PET Foam Market by Application
10.1.6.2 Canada PET Foam Market
10.1.6.2.1 Canada PET Foam Market by Raw Material
10.1.6.2.2 Canada PET Foam Market by Grade
10.1.6.2.3 Canada PET Foam Market by Application
10.1.6.3 Mexico PET Foam Market
10.1.6.3.1 Mexico PET Foam Market by Raw Material
10.1.6.3.2 Mexico PET Foam Market by Grade
10.1.6.3.3 Mexico PET Foam Market by Application
10.2. EUROPE
10.2.1 Europe PET Foam Market Overview
10.2.2 Europe PET Foam Market Forecasts and Analysis
10.2.3 Europe PET Foam Market Forecasts and Analysis - By Raw Material
10.2.4 Europe PET Foam Market Forecasts and Analysis - By Grade
10.2.5 Europe PET Foam Market Forecasts and Analysis - By Application
10.2.6 Europe PET Foam Market Forecasts and Analysis - By Countries
10.2.6.1 Germany PET Foam Market
10.2.6.1.1 Germany PET Foam Market by Raw Material
10.2.6.1.2 Germany PET Foam Market by Grade
10.2.6.1.3 Germany PET Foam Market by Application
10.2.6.2 France PET Foam Market
10.2.6.2.1 France PET Foam Market by Raw Material
10.2.6.2.2 France PET Foam Market by Grade
10.2.6.2.3 France PET Foam Market by Application
10.2.6.3 Italy PET Foam Market
10.2.6.3.1 Italy PET Foam Market by Raw Material
10.2.6.3.2 Italy PET Foam Market by Grade
10.2.6.3.3 Italy PET Foam Market by Application
10.2.6.4 United Kingdom PET Foam Market
10.2.6.4.1 United Kingdom PET Foam Market by Raw Material
10.2.6.4.2 United Kingdom PET Foam Market by Grade
10.2.6.4.3 United Kingdom PET Foam Market by Application
10.2.6.5 Russia PET Foam Market
10.2.6.5.1 Russia PET Foam Market by Raw Material
10.2.6.5.2 Russia PET Foam Market by Grade
10.2.6.5.3 Russia PET Foam Market by Application
10.2.6.6 Rest of Europe PET Foam Market
10.2.6.6.1 Rest of Europe PET Foam Market by Raw Material
10.2.6.6.2 Rest of Europe PET Foam Market by Grade
10.2.6.6.3 Rest of Europe PET Foam Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific PET Foam Market Overview
10.3.2 Asia-Pacific PET Foam Market Forecasts and Analysis
10.3.3 Asia-Pacific PET Foam Market Forecasts and Analysis - By Raw Material
10.3.4 Asia-Pacific PET Foam Market Forecasts and Analysis - By Grade
10.3.5 Asia-Pacific PET Foam Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific PET Foam Market Forecasts and Analysis - By Countries
10.3.6.1 Australia PET Foam Market
10.3.6.1.1 Australia PET Foam Market by Raw Material
10.3.6.1.2 Australia PET Foam Market by Grade
10.3.6.1.3 Australia PET Foam Market by Application
10.3.6.2 China PET Foam Market
10.3.6.2.1 China PET Foam Market by Raw Material
10.3.6.2.2 China PET Foam Market by Grade
10.3.6.2.3 China PET Foam Market by Application
10.3.6.3 India PET Foam Market
10.3.6.3.1 India PET Foam Market by Raw Material
10.3.6.3.2 India PET Foam Market by Grade
10.3.6.3.3 India PET Foam Market by Application
10.3.6.4 Japan PET Foam Market
10.3.6.4.1 Japan PET Foam Market by Raw Material
10.3.6.4.2 Japan PET Foam Market by Grade
10.3.6.4.3 Japan PET Foam Market by Application
10.3.6.5 South Korea PET Foam Market
10.3.6.5.1 South Korea PET Foam Market by Raw Material
10.3.6.5.2 South Korea PET Foam Market by Grade
10.3.6.5.3 South Korea PET Foam Market by Application
10.3.6.6 Rest of Asia-Pacific PET Foam Market
10.3.6.6.1 Rest of Asia-Pacific PET Foam Market by Raw Material
10.3.6.6.2 Rest of Asia-Pacific PET Foam Market by Grade
10.3.6.6.3 Rest of Asia-Pacific PET Foam Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa PET Foam Market Overview
10.4.2 Middle East and Africa PET Foam Market Forecasts and Analysis
10.4.3 Middle East and Africa PET Foam Market Forecasts and Analysis - By Raw Material
10.4.4 Middle East and Africa PET Foam Market Forecasts and Analysis - By Grade
10.4.5 Middle East and Africa PET Foam Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa PET Foam Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa PET Foam Market
10.4.6.1.1 South Africa PET Foam Market by Raw Material
10.4.6.1.2 South Africa PET Foam Market by Grade
10.4.6.1.3 South Africa PET Foam Market by Application
10.4.6.2 Saudi Arabia PET Foam Market
10.4.6.2.1 Saudi Arabia PET Foam Market by Raw Material
10.4.6.2.2 Saudi Arabia PET Foam Market by Grade
10.4.6.2.3 Saudi Arabia PET Foam Market by Application
10.4.6.3 U.A.E PET Foam Market
10.4.6.3.1 U.A.E PET Foam Market by Raw Material
10.4.6.3.2 U.A.E PET Foam Market by Grade
10.4.6.3.3 U.A.E PET Foam Market by Application
10.4.6.4 Rest of Middle East and Africa PET Foam Market
10.4.6.4.1 Rest of Middle East and Africa PET Foam Market by Raw Material
10.4.6.4.2 Rest of Middle East and Africa PET Foam Market by Grade
10.4.6.4.3 Rest of Middle East and Africa PET Foam Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America PET Foam Market Overview
10.5.2 South and Central America PET Foam Market Forecasts and Analysis
10.5.3 South and Central America PET Foam Market Forecasts and Analysis - By Raw Material
10.5.4 South and Central America PET Foam Market Forecasts and Analysis - By Grade
10.5.5 South and Central America PET Foam Market Forecasts and Analysis - By Application
10.5.6 South and Central America PET Foam Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil PET Foam Market
10.5.6.1.1 Brazil PET Foam Market by Raw Material
10.5.6.1.2 Brazil PET Foam Market by Grade
10.5.6.1.3 Brazil PET Foam Market by Application
10.5.6.2 Argentina PET Foam Market
10.5.6.2.1 Argentina PET Foam Market by Raw Material
10.5.6.2.2 Argentina PET Foam Market by Grade
10.5.6.2.3 Argentina PET Foam Market by Application
10.5.6.3 Rest of South and Central America PET Foam Market
10.5.6.3.1 Rest of South and Central America PET Foam Market by Raw Material
10.5.6.3.2 Rest of South and Central America PET Foam Market by Grade
10.5.6.3.3 Rest of South and Central America PET Foam 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. PET FOAM MARKET, KEY COMPANY PROFILES
12.1. 3A COMPOSITES
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. ARMACELL INTERNATIONAL SA
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. CARBON-CORE CORP.
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. CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD
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. CORELITE, 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. DIAB GROUP
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. GURIT HOLDING
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. HUNTSMAN INTERNATIONAL LLC
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. PETRO POLYMER SHARGH
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. SEKISUI PLASTICS
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. 3A Composites
2. Armacell International SA
3. Carbon-Core Corp.
4. Changzhou Tiansheng New Materials Co. Ltd
5. CoreLite, Inc.
6. DIAB Group
7. Gurit Holding
8. Huntsman International LLC
9. Petro Polymer Shargh
10. Sekisui Plastics
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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