Polyether Polyols Market Strategies, Trends, and Forecast by 2031
The Polyether Polyols Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The polyether polyols market report is segmented by type (polypropylene glycols and polytetramethylene ether glycols). The market is segmented based on application (coatings, polyurethane foam, adhesives and sealants, and others). The market is segmented based on end-use industry (automotive, construction, packaging, furniture, electrical and electronics, and others). The global analysis is further broken down at the 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, 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 Polyether Polyols 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.
Polyether Polyols Market Segmentation
Type- Polypropylene Glycols and Polytetramethylene Ether Glycols
- Coatings
- Polyurethane Foam
- Adhesives and Sealants
- Others
- Automotive
- Construction
- Packaging
- Furniture
- Electrical and Electronics
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Polyether Polyols Market Growth Drivers- Polyether Polyol Advantage: The production of polyurethanes is dominated by polyether polyols, which find extensive use in foams, coatings, adhesives as well as sealants. The polyether polyols market is largely buoyed by the polyurethane products’ extensive use in construction-oriented automotive and consumer goods. Rigid and flexible polyurethane foams, used mainly for thermal and sound insulation along with cushioning, are in increased demand due to the rapidly growing construction and energy-efficient buildings bringing about the rise in demand that is also helping the polyether polyols market.
- The automotive and furniture manufacturing activities are other major areas that are expected to drive the demand for polyether polyols: Car seating, interiors, and insulation use
- Polyurethane Market Growth: polyurethane foams, which help make the vehicles more energy efficient and provide comfort. The need for polyether polyols is also predicted to take center stage with the increase in automotive production, especially in developing regions, as well as the need for lightweight materials that can be molded to comfortable shapes and are durable in vehicles. On the other hand, there is also the ever-expanding furniture industry, which uses polyether polyols for foam production of foam mattresses, cushions, and upholstered chairs and sofas, thus contributing to the growth in demand.
- Sustainability Focus: Automotive and Furniture Industry Demand: With the growing populations and rapid urbanization, the focus on the sparing use of resources becomes more and more pressing. The resins are produced from polyether polyols, and as such, the thermal insulating polyurethane foams could find application in many energy-saving ways in building construction, refrigeration, automotive insulations, etc. Emphasis on less harmful methods of producing these foams has led the manufacturers to consider the use of bio-based growing plant materials for their production instead.
- Shift to Bio-Based Polyols: The polyether polyols market is significantly affected by ethnic polyols shifting to bio-based polyols and polyol derivatives. In order to address the present global challenges associated with environmental degradation and the quest to limit the use of non-renewable resources, which in this instance are petrochemical products, producers have directed their attention towards producing polyether polyols that are plant or agricultural waste-based. They help reduce the use of petroleum-based polyols, which can be harmful to health but most importantly, these products are in demand due to modification on consumer products to comply with the environmental regulations on carbon emissions.
- Expansion of Polyurethane Applications: Another opportunity for developing the production of polyether polyols is the growth of the application scope of polyurethanes. Novel mixes and process techniques provide capabilities for producing high-quality, long-lasting, and multifunctional polyurethanes for selective purposes. For instance, there is an increasing use of such polyurethanes in the automotive sector in the production of lightweight and energy-saving parts together with electronic gadgets in the provision of thermal insulation. Doing so would also mean that there would be a persistent and increasing purchasing of polyether polyols which would translate into new opportunities as new industries and new usages of polyurethanes come into being.
- Impact of Environmental Regulations: Environmental regulations and demand for sustainability are already impacting the polyether polyols market and will have a more profound effect in the near future. National and international authorities are setting objectives for reduced use of hazardous materials and for increased adoption of cleaner alternatives. This encourages solutions from the manufacturers as they are forced to come up with low-emission and eco-friendly recyclable polyether polyol.
- Insulation Materials Demand: Among ideal polyether polyols, insulation materials are one of the most promising ones. Cellular plastics on the basis of polyether polyols and polyurethane foam are made and utilized in the insulation of any residential or commercial structure owing to the great thermal insulation properties and long service life. Because of the increasing concern of energy efficient buildings and the overall strategy of energy reduction in construction, the need for superior quality insulating materials will increase. Polyether polyols, especially in spray foams and rigid foams, are likely to gain from this development.
- Growth Opportunities in Emerging Markets: The polyether polyols market has additional growth opportunities in developing markets, especially in the Asia Pacific, Latin American, and Middle Eastern Regions. In these regions, industrialization, urbanization, and infrastructure developments are taking place at rapid rates. Thus, there is a high demand for polyurethanes in the construction, automotive, and furniture sectors. Moreover, these coatings and foams are also used extensively in beauty and cosmetics products as the working population increases with higher living standard status and is able to afford such goods. Companies able to meet such expanding demand in emerging markets will be well placed to exploit such opportunities.
- Niche Market Opportunities: With the changes in terms of product offerings within vertical markets like electronics, healthcare, and more, there are more prospects for polyether polyols with regard to niche usages. In electronics for instance, polyurethanes are used in coatings encapsulants and adhesives for circuit boards and semiconductors. In the medical field, polymeric materials are more frequently found in widgets, dressing, and others.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyether Polyols 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 Polyether Polyols 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
Shift towards bio-based polyether polyols is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polyether polyols market due to the strong growth of the automotive and packaging industry.
Based on end-use industry, the packaging segment is expected to witness the fastest growth during the forecast period.
Rising demand in the polyurethane industry is driving the market growth.
BASF SE, Covestro AG, Royal Dutch Shell PLC, The Dow Chemical Company, Mitsui Chemicals, Wanhua Chemicals Group, Sanyo Chemical America Incorporated, Huntsman Corporation, AGC Chemicals Americas, and Repson SA are the key players operating in the polyether polyols market.
The Polyether Polyols Market is estimated to witness a CAGR of 5% 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 Polyether Polyols Market - By Application
1.3.2 Polyether Polyols Market - By End Use Industry
1.3.3 Polyether Polyols Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYETHER POLYOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. POLYETHER POLYOLS 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. POLYETHER POLYOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYETHER POLYOLS - GLOBAL MARKET OVERVIEW
6.2. POLYETHER POLYOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYETHER POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. COATINGS
7.3.1. Overview
7.3.2. Coatings Market Forecast and Analysis
7.4. POLYURETHANE FOAM
7.4.1. Overview
7.4.2. Polyurethane Foam Market Forecast and Analysis
7.5. ADHESIVES AND SEALANTS
7.5.1. Overview
7.5.2. Adhesives and Sealants Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. POLYETHER POLYOLS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. CONSTRUCTION
8.4.1. Overview
8.4.2. Construction Market Forecast and Analysis
8.5. PACKAGING
8.5.1. Overview
8.5.2. Packaging Market Forecast and Analysis
8.6. FURNITURE
8.6.1. Overview
8.6.2. Furniture Market Forecast and Analysis
8.7. ELECTRICAL AND ELECTRONICS
8.7.1. Overview
8.7.2. Electrical and Electronics Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. POLYETHER POLYOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polyether Polyols Market Overview
9.1.2 North America Polyether Polyols Market Forecasts and Analysis
9.1.3 North America Polyether Polyols Market Forecasts and Analysis - By Application
9.1.4 North America Polyether Polyols Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Polyether Polyols Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polyether Polyols Market
9.1.5.1.1 United States Polyether Polyols Market by Application
9.1.5.1.2 United States Polyether Polyols Market by End Use Industry
9.1.5.2 Canada Polyether Polyols Market
9.1.5.2.1 Canada Polyether Polyols Market by Application
9.1.5.2.2 Canada Polyether Polyols Market by End Use Industry
9.1.5.3 Mexico Polyether Polyols Market
9.1.5.3.1 Mexico Polyether Polyols Market by Application
9.1.5.3.2 Mexico Polyether Polyols Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Polyether Polyols Market Overview
9.2.2 Europe Polyether Polyols Market Forecasts and Analysis
9.2.3 Europe Polyether Polyols Market Forecasts and Analysis - By Application
9.2.4 Europe Polyether Polyols Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Polyether Polyols Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polyether Polyols Market
9.2.5.1.1 Germany Polyether Polyols Market by Application
9.2.5.1.2 Germany Polyether Polyols Market by End Use Industry
9.2.5.2 France Polyether Polyols Market
9.2.5.2.1 France Polyether Polyols Market by Application
9.2.5.2.2 France Polyether Polyols Market by End Use Industry
9.2.5.3 Italy Polyether Polyols Market
9.2.5.3.1 Italy Polyether Polyols Market by Application
9.2.5.3.2 Italy Polyether Polyols Market by End Use Industry
9.2.5.4 United Kingdom Polyether Polyols Market
9.2.5.4.1 United Kingdom Polyether Polyols Market by Application
9.2.5.4.2 United Kingdom Polyether Polyols Market by End Use Industry
9.2.5.5 Russia Polyether Polyols Market
9.2.5.5.1 Russia Polyether Polyols Market by Application
9.2.5.5.2 Russia Polyether Polyols Market by End Use Industry
9.2.5.6 Rest of Europe Polyether Polyols Market
9.2.5.6.1 Rest of Europe Polyether Polyols Market by Application
9.2.5.6.2 Rest of Europe Polyether Polyols Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polyether Polyols Market Overview
9.3.2 Asia-Pacific Polyether Polyols Market Forecasts and Analysis
9.3.3 Asia-Pacific Polyether Polyols Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Polyether Polyols Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Polyether Polyols Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polyether Polyols Market
9.3.5.1.1 Australia Polyether Polyols Market by Application
9.3.5.1.2 Australia Polyether Polyols Market by End Use Industry
9.3.5.2 China Polyether Polyols Market
9.3.5.2.1 China Polyether Polyols Market by Application
9.3.5.2.2 China Polyether Polyols Market by End Use Industry
9.3.5.3 India Polyether Polyols Market
9.3.5.3.1 India Polyether Polyols Market by Application
9.3.5.3.2 India Polyether Polyols Market by End Use Industry
9.3.5.4 Japan Polyether Polyols Market
9.3.5.4.1 Japan Polyether Polyols Market by Application
9.3.5.4.2 Japan Polyether Polyols Market by End Use Industry
9.3.5.5 South Korea Polyether Polyols Market
9.3.5.5.1 South Korea Polyether Polyols Market by Application
9.3.5.5.2 South Korea Polyether Polyols Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Polyether Polyols Market
9.3.5.6.1 Rest of Asia-Pacific Polyether Polyols Market by Application
9.3.5.6.2 Rest of Asia-Pacific Polyether Polyols Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polyether Polyols Market Overview
9.4.2 Middle East and Africa Polyether Polyols Market Forecasts and Analysis
9.4.3 Middle East and Africa Polyether Polyols Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Polyether Polyols Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Polyether Polyols Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polyether Polyols Market
9.4.5.1.1 South Africa Polyether Polyols Market by Application
9.4.5.1.2 South Africa Polyether Polyols Market by End Use Industry
9.4.5.2 Saudi Arabia Polyether Polyols Market
9.4.5.2.1 Saudi Arabia Polyether Polyols Market by Application
9.4.5.2.2 Saudi Arabia Polyether Polyols Market by End Use Industry
9.4.5.3 U.A.E Polyether Polyols Market
9.4.5.3.1 U.A.E Polyether Polyols Market by Application
9.4.5.3.2 U.A.E Polyether Polyols Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Polyether Polyols Market
9.4.5.4.1 Rest of Middle East and Africa Polyether Polyols Market by Application
9.4.5.4.2 Rest of Middle East and Africa Polyether Polyols Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polyether Polyols Market Overview
9.5.2 South and Central America Polyether Polyols Market Forecasts and Analysis
9.5.3 South and Central America Polyether Polyols Market Forecasts and Analysis - By Application
9.5.4 South and Central America Polyether Polyols Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Polyether Polyols Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polyether Polyols Market
9.5.5.1.1 Brazil Polyether Polyols Market by Application
9.5.5.1.2 Brazil Polyether Polyols Market by End Use Industry
9.5.5.2 Argentina Polyether Polyols Market
9.5.5.2.1 Argentina Polyether Polyols Market by Application
9.5.5.2.2 Argentina Polyether Polyols Market by End Use Industry
9.5.5.3 Rest of South and Central America Polyether Polyols Market
9.5.5.3.1 Rest of South and Central America Polyether Polyols Market by Application
9.5.5.3.2 Rest of South and Central America Polyether Polyols Market by End Use Industry
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. POLYETHER POLYOLS 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. COVESTRO AG
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. ROYAL DUTCH SHELL PLC
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. THE DOW 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. MITSUI CHEMICALS
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. WANHUA CHEMICALS GROUP
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. LANXESS AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HUNTSMAN CORPORATION
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. STEPAN COMPANY
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. REPSOL 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. Covestro AG
3. Royal Dutch Shell Plc
4. The Dow Chemical Company
5. Mitsui Chemicals
6. Wanhua Chemicals Group
7. LANXESS AG
8. Huntsman Corporation
9. Stepan Company
10. Repsol 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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