Polyphenylsulfone Market Scope 2031
The Polyphenylsulfone Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The polyphenylsulfone market report is segmented by type (granules and powder). The market is segmented based on end-use industry (electronics and electrical, automotive, food, medical, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Polyphenylsulfone 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.
Polyphenylsulfone Market Segmentation
Type- Granules and Powder
- Electronics and Electrical
- Automotive
- Food
- Medical
Strategic Insights
Polyphenylsulfone Market Growth Drivers- Growing Demand from Aerospace and Automotive Applications: Polyphenylsulfone is a high-performance thermoplastic polymer with excellent thermal stability and high chemical resistance and mechanical strength. It is already an inevitable material in some industries such as aerospace, automotive, medical, and electronics. The increasing focus on high-performance materials by these industries means that the demand for PPSU is going up as they need components that can withstand intense thermal conditions. Applications requiring electrical connectors and devices used for medical purposes together with components destined for the aerospace industry characterize increased demand for this material.
- Growing Demand in High-Temperature Applications: The aerospace and automotive industries, globally, are heralding significant progress as lightweight and durable materials that could be used under the harshest conditions of high temperature and mechanical stress become more available. Among the major mechanical properties and temper-resistant characteristics of PPSU, it has gained use in components like fuel-system parts, bearings, seals, etc., up to engine components. Future developments in both industries as powered within such a new focus on electric vehicles (EVs) and advanced aerospace technologies will keep pushing PPSU demand higher.
- Polyphenylsulfone in the Medical Sector: Biocompatibility, high-temperature resistance, and sterilization of polyphenylsulfone have favored among manufacturing medical devices. It is used in producing surgical instruments, sterilization containers, diagnostic equipment, and implants. The emergent demand in the trend for increases in many applications by which PPSU can be used is one of the major forces driving its application growth, which is the third-largest global health industry developing through population aging, increasing healthcare spending, and advances in medical device technology.
- 3D Printing Drives Future Growth for Polyphenylsulfone in Aerospace, Automotive, and Medical Applications: Additive manufacturing in its latest application promise i.e. 3D printing is expected to hasten the future upsurge of polyphenylsulfone. The great printability of PPSU made it especially applicable to such areas of 3-dimensional printing, where precision, strength, and heat resistance are of utmost importance. 3D printing technology is fast being adopted by industries such as aerospace, automotive, and medical devices. The reason is that this technology helps them produce complex parts faster while reducing costs. Demand for PPSU, therefore, is likely to increase, as this becomes an important material for such additive manufacturing to manufacture customized components.
- Sustainability Trends in Polyphenylsulfone: As industries become increasingly demanding towards sustainable practices, the evidence of an emerging and current trend in the recyclable design of polyphenylsulfone and further improvement in physical properties towards environmentally friendly utilization grows. The momentum gathering in research circles to possibly improve the recyclability of PPSU or its substitute using newly developed formulations for biodegradable materials is absolutely phenomenal. This instead urges its manufacturers to continuously develop ways of lessening their environmental effects while still meeting the ever-increasing market demand for durable materials in high-performance applications so that they fit within the different models of the circular economy.
- Rising Demand for Polyphenylsulfone in Emerging Markets: The demand for polyphenylsulfone will rise quite considerably across the emerging markets regions, especially, the Asia-Pacific. The increasing phase of industrialization in these areas, particularly in the automotive sector, electronics, and medical devices, will trigger new demand in advanced materials like PPSU. Rapid infrastructure development, high adoption of high performance technologies, and the countries themselves being among strongmarket contenders such as China, India, and the Southeast Asian countries will lead to increasedperformance of high-performance polymers. These reasons make them attractive business regions for manufacturers who want to penetrate the market and capture such emerging opportunities.
- Cost Reduction Innovations Make Polyphenylsulfone More Accessible for Broader Industrial Applications: The main prevention of the proliferation of high-performance materials such as PPSU was initially their relatively higher cost. This would encourage the manufacturer to innovate use in developing entirely cost-effective production methods of PPSU as demand increased. Innovations in production technologies such as polymerization processes efficient to a greater level or cheaper feedstock sources make PPSU more accessible to a broader scope of industries, including small and medium-sized enterprises in automotive, aerospace, and consumer goods.
- Polyphenylsulfone's Expanding Role in Medical Devices: Opening up varied applications of the sulfone increasingly polyphenyl medical as evolving the health care industry. The heat resistance of this material at very high temperature and its outstanding ability to tolerate very rigorous sterilization processes render it an excellent candidate for use in medical instruments such as surgical tools and diagnostic equipments. Such opportunity can be seized when innovatively developing applications of medical devices specializing in implants, tubing for fluid handling systems, or diagnostic kits. Further, it will open such opportunities as this polymer's expanding demand towards different geographical regions in the world as it truly develops health industries, specifically emerging markets.
- Polyphenylsulfone's Key Role in Electric Vehicles: Eco-friendly automobile demand has grown now with an increase in government incentives related to carbon emission reduction. Very few polysulfones, polyphenylsulfone, are the important ones for EV applications. These applications include battery components, connectors, housings for electronic systems, and it is possible to survive under high temperatures and those corrosive environments while delivering excellent mechanical properties. As the numbers of electric vehicles increase significantly across the world, there is a window of opportunity for PPSU manufacturers in this developing market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyphenylsulfone 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 Polyphenylsulfone 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
The Polyphenylsulfone Market is estimated to witness a CAGR of 6% from 2023 to 2031
Rising demand for high-performance materials are driving the market growth.
BASF SE, Ensigner Inc, NYTEF Plastics Ltd, Polymer Dynamix, Quadrant Engineering Plastics Product, RTP Company, SABIC Innovative plastics, Solvay Chemical Company, Sumitomo Chemicals, and Westlake Plastics Company are the key players operating in the polyphenylsulfone market.
Based on end-use industry, the automotive segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the polyphenylsulfone market due to the strong growth of the automotive industry in the region.
Advancements in sustainability and recycling are expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyphenylsulfone Market - By Type
1.3.2 Polyphenylsulfone Market - By Application
1.3.3 Polyphenylsulfone Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYPHENYLSULFONE 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. POLYPHENYLSULFONE 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. POLYPHENYLSULFONE MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYPHENYLSULFONE - GLOBAL MARKET OVERVIEW
6.2. POLYPHENYLSULFONE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYPHENYLSULFONE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GRANULES
7.3.1. Overview
7.3.2. Granules Market Forecast and Analysis
7.4. POWDER
7.4.1. Overview
7.4.2. Powder Market Forecast and Analysis
8. POLYPHENYLSULFONE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS AND ELECTRICAL
8.3.1. Overview
8.3.2. Electronics and Electrical Market Forecast and Analysis
8.4. VEHICLE CONSTRUCTION
8.4.1. Overview
8.4.2. Vehicle Construction Market Forecast and Analysis
8.5. FOOD INDUSTRY
8.5.1. Overview
8.5.2. Food Industry Market Forecast and Analysis
8.6. MEDICAL INDUSTRY
8.6.1. Overview
8.6.2. Medical Industry Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. POLYPHENYLSULFONE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polyphenylsulfone Market Overview
9.1.2 North America Polyphenylsulfone Market Forecasts and Analysis
9.1.3 North America Polyphenylsulfone Market Forecasts and Analysis - By Type
9.1.4 North America Polyphenylsulfone Market Forecasts and Analysis - By Application
9.1.5 North America Polyphenylsulfone Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polyphenylsulfone Market
9.1.5.1.1 United States Polyphenylsulfone Market by Type
9.1.5.1.2 United States Polyphenylsulfone Market by Application
9.1.5.2 Canada Polyphenylsulfone Market
9.1.5.2.1 Canada Polyphenylsulfone Market by Type
9.1.5.2.2 Canada Polyphenylsulfone Market by Application
9.1.5.3 Mexico Polyphenylsulfone Market
9.1.5.3.1 Mexico Polyphenylsulfone Market by Type
9.1.5.3.2 Mexico Polyphenylsulfone Market by Application
9.2. EUROPE
9.2.1 Europe Polyphenylsulfone Market Overview
9.2.2 Europe Polyphenylsulfone Market Forecasts and Analysis
9.2.3 Europe Polyphenylsulfone Market Forecasts and Analysis - By Type
9.2.4 Europe Polyphenylsulfone Market Forecasts and Analysis - By Application
9.2.5 Europe Polyphenylsulfone Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polyphenylsulfone Market
9.2.5.1.1 Germany Polyphenylsulfone Market by Type
9.2.5.1.2 Germany Polyphenylsulfone Market by Application
9.2.5.2 France Polyphenylsulfone Market
9.2.5.2.1 France Polyphenylsulfone Market by Type
9.2.5.2.2 France Polyphenylsulfone Market by Application
9.2.5.3 Italy Polyphenylsulfone Market
9.2.5.3.1 Italy Polyphenylsulfone Market by Type
9.2.5.3.2 Italy Polyphenylsulfone Market by Application
9.2.5.4 United Kingdom Polyphenylsulfone Market
9.2.5.4.1 United Kingdom Polyphenylsulfone Market by Type
9.2.5.4.2 United Kingdom Polyphenylsulfone Market by Application
9.2.5.5 Russia Polyphenylsulfone Market
9.2.5.5.1 Russia Polyphenylsulfone Market by Type
9.2.5.5.2 Russia Polyphenylsulfone Market by Application
9.2.5.6 Rest of Europe Polyphenylsulfone Market
9.2.5.6.1 Rest of Europe Polyphenylsulfone Market by Type
9.2.5.6.2 Rest of Europe Polyphenylsulfone Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polyphenylsulfone Market Overview
9.3.2 Asia-Pacific Polyphenylsulfone Market Forecasts and Analysis
9.3.3 Asia-Pacific Polyphenylsulfone Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Polyphenylsulfone Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Polyphenylsulfone Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polyphenylsulfone Market
9.3.5.1.1 Australia Polyphenylsulfone Market by Type
9.3.5.1.2 Australia Polyphenylsulfone Market by Application
9.3.5.2 China Polyphenylsulfone Market
9.3.5.2.1 China Polyphenylsulfone Market by Type
9.3.5.2.2 China Polyphenylsulfone Market by Application
9.3.5.3 India Polyphenylsulfone Market
9.3.5.3.1 India Polyphenylsulfone Market by Type
9.3.5.3.2 India Polyphenylsulfone Market by Application
9.3.5.4 Japan Polyphenylsulfone Market
9.3.5.4.1 Japan Polyphenylsulfone Market by Type
9.3.5.4.2 Japan Polyphenylsulfone Market by Application
9.3.5.5 South Korea Polyphenylsulfone Market
9.3.5.5.1 South Korea Polyphenylsulfone Market by Type
9.3.5.5.2 South Korea Polyphenylsulfone Market by Application
9.3.5.6 Rest of Asia-Pacific Polyphenylsulfone Market
9.3.5.6.1 Rest of Asia-Pacific Polyphenylsulfone Market by Type
9.3.5.6.2 Rest of Asia-Pacific Polyphenylsulfone Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polyphenylsulfone Market Overview
9.4.2 Middle East and Africa Polyphenylsulfone Market Forecasts and Analysis
9.4.3 Middle East and Africa Polyphenylsulfone Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Polyphenylsulfone Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Polyphenylsulfone Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polyphenylsulfone Market
9.4.5.1.1 South Africa Polyphenylsulfone Market by Type
9.4.5.1.2 South Africa Polyphenylsulfone Market by Application
9.4.5.2 Saudi Arabia Polyphenylsulfone Market
9.4.5.2.1 Saudi Arabia Polyphenylsulfone Market by Type
9.4.5.2.2 Saudi Arabia Polyphenylsulfone Market by Application
9.4.5.3 U.A.E Polyphenylsulfone Market
9.4.5.3.1 U.A.E Polyphenylsulfone Market by Type
9.4.5.3.2 U.A.E Polyphenylsulfone Market by Application
9.4.5.4 Rest of Middle East and Africa Polyphenylsulfone Market
9.4.5.4.1 Rest of Middle East and Africa Polyphenylsulfone Market by Type
9.4.5.4.2 Rest of Middle East and Africa Polyphenylsulfone Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polyphenylsulfone Market Overview
9.5.2 South and Central America Polyphenylsulfone Market Forecasts and Analysis
9.5.3 South and Central America Polyphenylsulfone Market Forecasts and Analysis - By Type
9.5.4 South and Central America Polyphenylsulfone Market Forecasts and Analysis - By Application
9.5.5 South and Central America Polyphenylsulfone Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polyphenylsulfone Market
9.5.5.1.1 Brazil Polyphenylsulfone Market by Type
9.5.5.1.2 Brazil Polyphenylsulfone Market by Application
9.5.5.2 Argentina Polyphenylsulfone Market
9.5.5.2.1 Argentina Polyphenylsulfone Market by Type
9.5.5.2.2 Argentina Polyphenylsulfone Market by Application
9.5.5.3 Rest of South and Central America Polyphenylsulfone Market
9.5.5.3.1 Rest of South and Central America Polyphenylsulfone Market by Type
9.5.5.3.2 Rest of South and Central America Polyphenylsulfone 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. POLYPHENYLSULFONE 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. ENSIGNER INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NYTEF PLASTICS LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. POLYMER DYNAMIX
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. QUADRANT ENGINEERING PLASTICS PRODUCT
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. RTP COMPANY
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. SABIC INNOVATIVE PLASTICS
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. SOLVAY CHEMICAL COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUMITOMO CHEMICALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WESTLAKE PLASTICS COMPANY
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. Ensigner Inc.
3. NYTEF Plastics Ltd.
4. Polymer Dynamix
5. Quadrant Engineering Plastics Product
6. RTP Company
7. SABIC Innovative plastics
8. Solvay Chemical Company
9. Sumitomo Chemicals
10. Westlake Plastics Company
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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