Plastic Compounding Market Report - (Growth and Size by 2031)
The Plastic Compounding Market is expected to register a CAGR of 8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Plastic Compounding Market covers analysis by Type (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyethylene Terephthalate (PET), Polyurethane (PU), Acrylonitrile Butadiene Styrene (ABS), Others); End-user (Packaging, Building and Construction, Automotive, Electrical and Electronics, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Plastic compounding consists of preparing plastic formulations by blending and mixing of polymers and additives. Automotive industries are always searching for a lightweight and cheaper material for reducing vehicle weight and increasing efficiency; this factor is fueling the growth of the plastics compounding market.
Purpose of the ReportThe report Plastic Compounding 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.
Plastic Compounding Market Segmentation
Type- Polypropylene
- Polyethylene
- Polyvinyl Chloride
- Polystyrene and Expanded Polystyrene
- Polyethylene Terephthalate
- Polyurethane
- Acrylonitrile Butadiene Styrene
- Packaging
- Building and Construction
- Automotive
- Electrical and Electronics
- Others
Strategic Insights
Plastic Compounding Market Growth Drivers- Increasing Demand for High-performance Materials: Severely Increasingly Demanding Levels for Materials Performance: High-performance materials are definitely in great demand, at least in the advanced stages-developing plastics with tailored properties like strength, heat resistance, and electrical conductivity. Industries such as automotive, electronics, and aerospace, which extensively use compounded plastics to fulfill performance requirements, add fuel to the fire for ever-higher demands for tailored formulations in plastics.
- Growth of Automotive Industry: The automotive segment is one of the biggest nature-compounding plastics. It addresses the lifeguard for these characteristics like lightweight, fuel efficient vehicles that would add a solution through compounded plastics. Reducing weight with increased strength and durability will do all parts in the automotive way. Polypropylene and polyamide are common for parts such as bumpers, dashboards, and interior trims.
- Rising Demand for Sustainable Plastics: Eco-Friendly Plastics: One of those movements due to greater environmental concern is the movement toward sustainable and recyclable materials for use as plastic. The compounding technologies in plastic provide a means of using recycled resins, bio-based plastics, and additives to increase gland recyclability and eco-friendliness of plastic products. Therefore, all the new things can be translated into and measured by market growth with the stricter regulations and sustainability goals.
- Biosynthetic and Biodegradable Plastics: With the increase in the applicability of sustainable materials, bio-based and biodegradable plastic formulations will be created. Companies will develop plastic formulations that are sourced from renewable feedstock and can be environmentally friendly without negating fit in the market-performance criteria of conventional plastics.
- Customization and Tailored Compounds: Increased specialization of the requirement will be reflected in the forthcoming applications of the plastic compounding market, created out of customized formulations for the industries. The specializations are likely to run from specific compounds for applications fenestration-for high temperature in the automotive sector or greater transparency when dealing with packaging.
- Advancements in Nanomaterials: This would be one of the megatrends in plastic compounding: nanotechnology will play a very major role in the way plastics are compounded. Additionally, it is revealing new applications in which enhanced mechanical, thermal, and electrical properties are imparted to plastics by nanomaterials-an advantage that basically opens up new avenues for high-performance materials across industries such as electronics, automotive, and packaging.
- Emergence of New Market for Electric Vehicle (EV): Electric vehicle volume shows a great future possible for plastic compounding. Lightweight, high performing, high temperature performance and electrical insulation materials shall have high demands being used in electrical embedded components. Compounded plastics could play an important part in such EV parts as battery casings, internal trim, and wiring applications which will be a significant growth area.
- Expansion in Packaging Solution: It throws a new avenue of promise for plastic compounding whereby sustainable packing would be followed. It would give an impetus to the manufacture of bio-based, recyclable, or compostable plastic blends packaged materials with a clear focus on made products by nature; thus, an ever-increasing popularity of the methods of application will enter into consumer products, such as food, beverages, etc.
- Medical Applications: This industry can be classified in the medical application category due to its ever-growing compound nature, specifically for the medical devices under packaging and pharmaceuticals. Hence, this will lead to production lines for the plastics compounded with biocompatibility, resistance against sterilization, and high durability into medical equipment and packaging solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Plastic Compounding 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 Plastic Compounding 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The North America market is expected to account for the highest CAGR during the forecast period owing to the growing automotive sector in the region.
The automotive end user segment accounted for the largest market share in 2023
BASF SE, Asahi Kasei Corporation, Celanese Corporation, Covestro AG, Dow, Kingfa Sci. and Tech. Co., Ltd., LyondellBasell Industries Holdings B.V., PolyOne, SABIC, and Solvay SA are some of the key players in the market.
Growing demand for high-performing materials is a key driver in the market.
The Plastic Compounding Market is estimated to witness a CAGR of 8% from 2023 to 2031
Growing demand for functional plastics is an emerging trend in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Plastic Compounding Market - By Type
1.3.2 Plastic Compounding Market - By End-user
1.3.3 Plastic Compounding Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PLASTIC COMPOUNDING 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. PLASTIC COMPOUNDING 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. PLASTIC COMPOUNDING MARKET - GLOBAL MARKET ANALYSIS
6.1. PLASTIC COMPOUNDING - GLOBAL MARKET OVERVIEW
6.2. PLASTIC COMPOUNDING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PLASTIC COMPOUNDING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYPROPYLENE (PP)
7.3.1. Overview
7.3.2. Polypropylene (PP) Market Forecast and Analysis
7.4. POLYETHYLENE (PE)
7.4.1. Overview
7.4.2. Polyethylene (PE) Market Forecast and Analysis
7.5. POLYVINYL CHLORIDE (PVC)
7.5.1. Overview
7.5.2. Polyvinyl Chloride (PVC) Market Forecast and Analysis
7.6. POLYSTYRENE (PS) AND EXPANDED POLYSTYRENE (EPS)
7.6.1. Overview
7.6.2. Polystyrene (PS) and Expanded Polystyrene (EPS) Market Forecast and Analysis
7.7. POLYETHYLENE TEREPHTHALATE (PET)
7.7.1. Overview
7.7.2. Polyethylene Terephthalate (PET) Market Forecast and Analysis
7.8. POLYURETHANE (PU)
7.8.1. Overview
7.8.2. Polyurethane (PU) Market Forecast and Analysis
7.9. ACRYLONITRILE BUTADIENE STYRENE (ABS)
7.9.1. Overview
7.9.2. Acrylonitrile Butadiene Styrene (ABS) Market Forecast and Analysis
7.10. OTHERS
7.10.1. Overview
7.10.2. Others Market Forecast and Analysis
8. PLASTIC COMPOUNDING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. PACKAGING
8.3.1. Overview
8.3.2. Packaging Market Forecast and Analysis
8.4. BUILDING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Building and Construction Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. ELECTRICAL AND ELECTRONICS
8.6.1. Overview
8.6.2. Electrical and Electronics Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PLASTIC COMPOUNDING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Plastic Compounding Market Overview
9.1.2 North America Plastic Compounding Market Forecasts and Analysis
9.1.3 North America Plastic Compounding Market Forecasts and Analysis - By Type
9.1.4 North America Plastic Compounding Market Forecasts and Analysis - By End-user
9.1.5 North America Plastic Compounding Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Plastic Compounding Market
9.1.5.1.1 Canada Plastic Compounding Market by Type
9.1.5.1.2 Canada Plastic Compounding Market by End-user
9.1.5.2 Mexico Plastic Compounding Market
9.1.5.2.1 Mexico Plastic Compounding Market by Type
9.1.5.2.2 Mexico Plastic Compounding Market by End-user
9.1.5.3 US Plastic Compounding Market
9.1.5.3.1 US Plastic Compounding Market by Type
9.1.5.3.2 US Plastic Compounding Market by End-user
9.2. EUROPE
9.2.1 Europe Plastic Compounding Market Overview
9.2.2 Europe Plastic Compounding Market Forecasts and Analysis
9.2.3 Europe Plastic Compounding Market Forecasts and Analysis - By Type
9.2.4 Europe Plastic Compounding Market Forecasts and Analysis - By End-user
9.2.5 Europe Plastic Compounding Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Plastic Compounding Market
9.2.5.1.1 Germany Plastic Compounding Market by Type
9.2.5.1.2 Germany Plastic Compounding Market by End-user
9.2.5.2 France Plastic Compounding Market
9.2.5.2.1 France Plastic Compounding Market by Type
9.2.5.2.2 France Plastic Compounding Market by End-user
9.2.5.3 Italy Plastic Compounding Market
9.2.5.3.1 Italy Plastic Compounding Market by Type
9.2.5.3.2 Italy Plastic Compounding Market by End-user
9.2.5.4 United Kingdom Plastic Compounding Market
9.2.5.4.1 United Kingdom Plastic Compounding Market by Type
9.2.5.4.2 United Kingdom Plastic Compounding Market by End-user
9.2.5.5 Russia Plastic Compounding Market
9.2.5.5.1 Russia Plastic Compounding Market by Type
9.2.5.5.2 Russia Plastic Compounding Market by End-user
9.2.5.6 Rest of Europe Plastic Compounding Market
9.2.5.6.1 Rest of Europe Plastic Compounding Market by Type
9.2.5.6.2 Rest of Europe Plastic Compounding Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Plastic Compounding Market Overview
9.3.2 Asia-Pacific Plastic Compounding Market Forecasts and Analysis
9.3.3 Asia-Pacific Plastic Compounding Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Plastic Compounding Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Plastic Compounding Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Plastic Compounding Market
9.3.5.1.1 Australia Plastic Compounding Market by Type
9.3.5.1.2 Australia Plastic Compounding Market by End-user
9.3.5.2 China Plastic Compounding Market
9.3.5.2.1 China Plastic Compounding Market by Type
9.3.5.2.2 China Plastic Compounding Market by End-user
9.3.5.3 India Plastic Compounding Market
9.3.5.3.1 India Plastic Compounding Market by Type
9.3.5.3.2 India Plastic Compounding Market by End-user
9.3.5.4 Japan Plastic Compounding Market
9.3.5.4.1 Japan Plastic Compounding Market by Type
9.3.5.4.2 Japan Plastic Compounding Market by End-user
9.3.5.5 South Korea Plastic Compounding Market
9.3.5.5.1 South Korea Plastic Compounding Market by Type
9.3.5.5.2 South Korea Plastic Compounding Market by End-user
9.3.5.6 Rest of Asia-Pacific Plastic Compounding Market
9.3.5.6.1 Rest of Asia-Pacific Plastic Compounding Market by Type
9.3.5.6.2 Rest of Asia-Pacific Plastic Compounding Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Plastic Compounding Market Overview
9.4.2 Middle East and Africa Plastic Compounding Market Forecasts and Analysis
9.4.3 Middle East and Africa Plastic Compounding Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Plastic Compounding Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Plastic Compounding Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Plastic Compounding Market
9.4.5.1.1 South Africa Plastic Compounding Market by Type
9.4.5.1.2 South Africa Plastic Compounding Market by End-user
9.4.5.2 Saudi Arabia Plastic Compounding Market
9.4.5.2.1 Saudi Arabia Plastic Compounding Market by Type
9.4.5.2.2 Saudi Arabia Plastic Compounding Market by End-user
9.4.5.3 U.A.E Plastic Compounding Market
9.4.5.3.1 U.A.E Plastic Compounding Market by Type
9.4.5.3.2 U.A.E Plastic Compounding Market by End-user
9.4.5.4 Rest of Middle East and Africa Plastic Compounding Market
9.4.5.4.1 Rest of Middle East and Africa Plastic Compounding Market by Type
9.4.5.4.2 Rest of Middle East and Africa Plastic Compounding Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Plastic Compounding Market Overview
9.5.2 South and Central America Plastic Compounding Market Forecasts and Analysis
9.5.3 South and Central America Plastic Compounding Market Forecasts and Analysis - By Type
9.5.4 South and Central America Plastic Compounding Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Plastic Compounding Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Plastic Compounding Market
9.5.5.1.1 Brazil Plastic Compounding Market by Type
9.5.5.1.2 Brazil Plastic Compounding Market by End-user
9.5.5.2 Argentina Plastic Compounding Market
9.5.5.2.1 Argentina Plastic Compounding Market by Type
9.5.5.2.2 Argentina Plastic Compounding Market by End-user
9.5.5.3 Rest of South and Central America Plastic Compounding Market
9.5.5.3.1 Rest of South and Central America Plastic Compounding Market by Type
9.5.5.3.2 Rest of South and Central America Plastic Compounding Market by End-user
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. PLASTIC COMPOUNDING MARKET, KEY COMPANY PROFILES
11.1. BASF SE
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. ASAHI KASEI CORPORATION
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. CELANESE CORPORATION
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. COVESTRO AG
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
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. KINGFA SCI. AND TECH. 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. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
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. POLYONE
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. SABIC
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. SOLVAY SA
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. BASF SE
2. Asahi Kasei Corporation
3. Celanese Corporation
4. Covestro AG
5. Dow
6. Kingfa Sci. and Tech. Co., Ltd.
7. LyondellBasell Industries Holdings B.V.
8. PolyOne
9. SABIC
10. Solvay SA
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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