Plasticizers Market Forecast, Trends, Scope by 2031
The Plasticizers Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by types (phthalates, adipates, trimellitates, epoxides, phosphates, sebacates, extenders, and others). The report further presents an analysis based on the application (flooring and wall coverings, films and sheets, wires and cables, coatings, consumer goods, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Plasticizers 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.
Plasticizers Market Segmentation
Types- Phthalates
- Adipates
- Trimellitates
- Epoxides
- Phosphates
- Sebacates
- Extenders
- Flooring and Wall Coverings
- Films and Sheets
- Wires and Cables
- Coatings
- Consumer Goods
Strategic Insights
Plasticizers Market Growth Drivers- Construction Industry Boosts Demand for Plasticizers: The increasingly fast-growing construction industry in the world, especially in emerging economies such as China, India, and Brazil, involves a major use of plasticizers to create flexible materials, such as PVC, or polyvinyl chloride. The primary importance of plasticizers lies in the better flexibility and durability of flooring, roofing, cables, and plumbing system material, thereby playing a central role in a construction project. The increasing rate of urbanization all over the world is gradually augmenting the demand for plasticizers in construction.
- Automotive Industry Fuels Growth in Plasticizer Usage: Increased automobile demand around the globe requires more plasticized materials in the manufacturing of automobiles. Plasticizers are used in various automotive parts like seat covers, dashboards, wiring insulation, and seals, which must be flexible, durable, and resistant to heat and aging. Besides, continued work on lightweight vehicles (fuel efficiency improvement) has significantly boosted the usage of plastics and plasticized material and thus increased the application of plasticizers in automotive.
- Consumer Goods Sector Drives Higher Demand for Plasticizers: Demands from the developing consumer goods sector from related products like electronics, toys, and medical devices also drive the demand for plasticizers. Plasticizers are used abundantly in the production of soft PVC materials that are sparsely available in products such as cables, packaging, flooring, and electrical insulation. With growing disposable incomes in developing nations, consumer goods, electronics, and packaging materials are in increasing demand, creating even higher demands for plasticizers when the final products must be reasonably flexible and durable.
- Rise of Bio-Based and Non-Phthalate Plasticizers: Environmental and health issues associated with phthalates, the traditional class of plasticizers, have thus forced the development and subsequent adoption of bio-based and non-phthalate plasticizers. Consumers and manufacturers increasingly look for safer alternatives and even more sustainable ones. Bio-based plasticizers thus gained more popularity as they come from renewable resources like vegetable oils and plant extracts, hence relatively lower toxicity and reduced environmental impact. Most markedly, this trend is seen in the application fields of food packaging, medical devices, and toys where regulatory scrutiny is the most intense.
- Stricter Regulations Drive Demand for Safer Plasticizers: Governments and regulatory bodies all over the globe have devised stiffer rules on the use of dangerous chemicals, and plasticizers are not an exemption. For instance, the European Union led in a regulation regarding hazardous chemical registration, evaluation, authorization, and restriction of chemicals, wherein the focus of the U.S. EPA is on the safety of plasticizers, particularly phthalates. This puts manufacturers to look out for alternatives and safer plasticizers for compliance and meet the supply side of the consumer demand for non-toxic products. The industry then witnesses the trend of the shift towards safer, more environmentally friendly plasticizer formulations.
- Technological Innovations Enhance Plasticizer Production: The production of plasticizers has improved because of new innovations in technology. Improved heat resistance, high plasticizing efficiency, and compatibility with the environment are added characteristics in the new plasticizer production. Improvement of the polymerization technique, plus novel catalytic applications, enables the formulation of more advanced plasticizers. Such developments also lead to a reduction in the cost of production, so new plasticizers are highly competitive in the market.
- Growth Opportunities in Emerging Markets: Emerging markets in Asia-Pacific, Latin America, and Africa would be a great opportunity for growth in the plasticizers market. Urbanization, industrialization, and infrastructural development in those regions boost demand for plasticized materials. As disposable incomes advance along with consumer purchasing power, there is a higher demand for flexible and sturdier products such as flooring, automotive parts, and electrical cables. Manufacturers targeting those regions with locally produced, cost-effective plasticizers that have competitive advantages may manage to sneak ahead of their competitors.
- Rising Demand in the Healthcare Sector: The medical and health care field, especially in the manufacture of medical devices, blood bags, tubing, and surgical gloves, constitutes an increasingly booming market for plasticizers. As the world continues to focus on the availability and quality of health care in developed and developing countries, there is ever-growing demand for the use of medical-grade plasticizers. Moreover, as the healthcare sector shifted to non-toxic and biocompatible products, this opened up a thrilling development opportunity for companies to innovate and provide plasticizers specifically designed for those applications.
- Sustainability Driving Market Innovation: As awareness about environmental issues grew, the space for designing and marketing sustainable plasticizers expanded. Biodegradable and renewable resource-based plasticizers are bound to have a very high demand in consumer products, packaging, and automotive industries. Sustainability is indeed going to be a key concern not only for the regulators but also for the consumers. Companies, which can offer greener plasticizers, are surely going to expand with great vigor in the years to come.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Plasticizers 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 Plasticizers 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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 Plasticizers Market is estimated to witness a CAGR of 5.5% from 2023 to 2031
The major factors driving the plasticizers market are:
1. Growth in Construction and Infrastructure Development.
2. Rising Demand for Consumer Goods and Electronics.
Arkema SA, BASF SE, NAN YA PLASTICS CORP, Dow Inc, LG Chem Ltd, Evonik Industries AG, ExxonMobil Corp, Eastman Chemical Co, UPC Group, and Ineos Group Ltd
On the basis of geography, the plasticizers market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Shift towards bio-based and non-phthalate plasticizers is expected to be the key market trend.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Plasticizers Market - By Type
1.3.2 Plasticizers Market - By Application
1.3.3 Plasticizers Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PLASTICIZERS 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. PLASTICIZERS 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. PLASTICIZERS MARKET - GLOBAL MARKET ANALYSIS
6.1. PLASTICIZERS - GLOBAL MARKET OVERVIEW
6.2. PLASTICIZERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PLASTICIZERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PHTHALATES
7.3.1. Overview
7.3.2. Phthalates Market Forecast and Analysis
7.4. TEREPHTHALATES
7.4.1. Overview
7.4.2. Terephthalates Market Forecast and Analysis
7.5. TRIMELLITATES
7.5.1. Overview
7.5.2. Trimellitates Market Forecast and Analysis
7.6. EPOXIDES
7.6.1. Overview
7.6.2. Epoxides Market Forecast and Analysis
7.7. PHOSPHATES
7.7.1. Overview
7.7.2. Phosphates Market Forecast and Analysis
7.8. SEBACATES
7.8.1. Overview
7.8.2. Sebacates Market Forecast and Analysis
7.9. EXTENDERS
7.9.1. Overview
7.9.2. Extenders Market Forecast and Analysis
7.10. ALIPHATIC DIBASIC ESTERS
7.10.1. Overview
7.10.2. Aliphatic Dibasic Esters Market Forecast and Analysis
7.11. OTHERS
7.11.1. Overview
7.11.2. Others Market Forecast and Analysis
8. PLASTICIZERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FLOORING & WALL
8.3.1. Overview
8.3.2. Flooring & Wall Market Forecast and Analysis
8.4. FILM & SHEET COVERINGS
8.4.1. Overview
8.4.2. Film & Sheet Coverings Market Forecast and Analysis
8.5. WIRES & CABLES
8.5.1. Overview
8.5.2. Wires & Cables Market Forecast and Analysis
8.6. COATED FABRICS
8.6.1. Overview
8.6.2. Coated Fabrics Market Forecast and Analysis
8.7. CONSUMER GOODS
8.7.1. Overview
8.7.2. Consumer Goods Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PLASTICIZERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Plasticizers Market Overview
9.1.2 North America Plasticizers Market Forecasts and Analysis
9.1.3 North America Plasticizers Market Forecasts and Analysis - By Type
9.1.4 North America Plasticizers Market Forecasts and Analysis - By Application
9.1.5 North America Plasticizers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Plasticizers Market
9.1.5.1.1 United States Plasticizers Market by Type
9.1.5.1.2 United States Plasticizers Market by Application
9.1.5.2 Canada Plasticizers Market
9.1.5.2.1 Canada Plasticizers Market by Type
9.1.5.2.2 Canada Plasticizers Market by Application
9.1.5.3 Mexico Plasticizers Market
9.1.5.3.1 Mexico Plasticizers Market by Type
9.1.5.3.2 Mexico Plasticizers Market by Application
9.2. EUROPE
9.2.1 Europe Plasticizers Market Overview
9.2.2 Europe Plasticizers Market Forecasts and Analysis
9.2.3 Europe Plasticizers Market Forecasts and Analysis - By Type
9.2.4 Europe Plasticizers Market Forecasts and Analysis - By Application
9.2.5 Europe Plasticizers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Plasticizers Market
9.2.5.1.1 Germany Plasticizers Market by Type
9.2.5.1.2 Germany Plasticizers Market by Application
9.2.5.2 France Plasticizers Market
9.2.5.2.1 France Plasticizers Market by Type
9.2.5.2.2 France Plasticizers Market by Application
9.2.5.3 Italy Plasticizers Market
9.2.5.3.1 Italy Plasticizers Market by Type
9.2.5.3.2 Italy Plasticizers Market by Application
9.2.5.4 United Kingdom Plasticizers Market
9.2.5.4.1 United Kingdom Plasticizers Market by Type
9.2.5.4.2 United Kingdom Plasticizers Market by Application
9.2.5.5 Russia Plasticizers Market
9.2.5.5.1 Russia Plasticizers Market by Type
9.2.5.5.2 Russia Plasticizers Market by Application
9.2.5.6 Rest of Europe Plasticizers Market
9.2.5.6.1 Rest of Europe Plasticizers Market by Type
9.2.5.6.2 Rest of Europe Plasticizers Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Plasticizers Market Overview
9.3.2 Asia-Pacific Plasticizers Market Forecasts and Analysis
9.3.3 Asia-Pacific Plasticizers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Plasticizers Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Plasticizers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Plasticizers Market
9.3.5.1.1 Australia Plasticizers Market by Type
9.3.5.1.2 Australia Plasticizers Market by Application
9.3.5.2 China Plasticizers Market
9.3.5.2.1 China Plasticizers Market by Type
9.3.5.2.2 China Plasticizers Market by Application
9.3.5.3 India Plasticizers Market
9.3.5.3.1 India Plasticizers Market by Type
9.3.5.3.2 India Plasticizers Market by Application
9.3.5.4 Japan Plasticizers Market
9.3.5.4.1 Japan Plasticizers Market by Type
9.3.5.4.2 Japan Plasticizers Market by Application
9.3.5.5 South Korea Plasticizers Market
9.3.5.5.1 South Korea Plasticizers Market by Type
9.3.5.5.2 South Korea Plasticizers Market by Application
9.3.5.6 Rest of Asia-Pacific Plasticizers Market
9.3.5.6.1 Rest of Asia-Pacific Plasticizers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Plasticizers Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Plasticizers Market Overview
9.4.2 Middle East and Africa Plasticizers Market Forecasts and Analysis
9.4.3 Middle East and Africa Plasticizers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Plasticizers Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Plasticizers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Plasticizers Market
9.4.5.1.1 South Africa Plasticizers Market by Type
9.4.5.1.2 South Africa Plasticizers Market by Application
9.4.5.2 Saudi Arabia Plasticizers Market
9.4.5.2.1 Saudi Arabia Plasticizers Market by Type
9.4.5.2.2 Saudi Arabia Plasticizers Market by Application
9.4.5.3 U.A.E Plasticizers Market
9.4.5.3.1 U.A.E Plasticizers Market by Type
9.4.5.3.2 U.A.E Plasticizers Market by Application
9.4.5.4 Rest of Middle East and Africa Plasticizers Market
9.4.5.4.1 Rest of Middle East and Africa Plasticizers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Plasticizers Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Plasticizers Market Overview
9.5.2 South and Central America Plasticizers Market Forecasts and Analysis
9.5.3 South and Central America Plasticizers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Plasticizers Market Forecasts and Analysis - By Application
9.5.5 South and Central America Plasticizers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Plasticizers Market
9.5.5.1.1 Brazil Plasticizers Market by Type
9.5.5.1.2 Brazil Plasticizers Market by Application
9.5.5.2 Argentina Plasticizers Market
9.5.5.2.1 Argentina Plasticizers Market by Type
9.5.5.2.2 Argentina Plasticizers Market by Application
9.5.5.3 Rest of South and Central America Plasticizers Market
9.5.5.3.1 Rest of South and Central America Plasticizers Market by Type
9.5.5.3.2 Rest of South and Central America Plasticizers 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. PLASTICIZERS MARKET, KEY COMPANY PROFILES
11.1. AEKYUNG PETROCHEMICAL CO LTD
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. DIC 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. EASTMAN CHEMICAL COMPANY
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. EVONIK INDUSTRIES AG
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. EXXON MOBIL CORPORATION
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. KAO CORPORATION
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. LG CHEM
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. NAN YA PLASTICS CORPORATION
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. UPC GROUP
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. AEKYUNG PETROCHEMICAL Co., Ltd
2. BASF SE
3. DIC CORPORATION
4. Eastman Chemical Company
5. Evonik Industries AG
6. Exxon Mobil Corporation
7. Kao Corporation
8. LG Chem.
9. NAN YA PLASTICS CORPORATION
10. UPC Group
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.
Get Free Sample For