Pyrolysis Gasoline Market Drivers and Opportunities [2021-2031]
The Pyrolysis Gasoline Market is expected to register a CAGR of 8.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Pyrolysis Gasoline Market report covers an in-depth analysis By Type (Raw Pyrolysis Gasoline, Hydrogenated Pyrolysis Gasoline) and Application (Aromatics Extraction, Refinery Feedstock, Fractionation for Benzene, Other). The report covers key market growth regions and top players.
Purpose of the ReportThe report Pyrolysis Gasoline 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.
Pyrolysis Gasoline Market Segmentation
Type- Raw Pyrolysis Gasoline
- Hydrogenated Pyrolysis Gasoline
- Aromatics Extraction
- Refinery Feedstock
- Fractionation for Benzene
- Other
Strategic Insights
Pyrolysis Gasoline Market Growth Drivers- Aromatics drive pygas demand growth: It is this high concentration of aromatics, which includes benzene and toluene among others, that makes the downstream petrochemical production require pyrolysis gasoline (pygas). Market trends indicate that aromatics processing accounts for over 40% of pygas. As per the latest market report, the surge in the demand for these chemicals in recent times, especially across newly emerging markets, has enhanced the demand for pygas, leading to a resultant increase in the market and share of chemical producers.
- Refining industry boosts pygas production: Market analysis highlights the refining and chemical industries as a definite driver in the pyrolysis gasoline market. In the last five years, there has been a 10% increase in global refining capacities, which has increased the production of pygas. Furthermore, the market overview showed nearly 60% of pygas are processed in refineries for further fuel production. Expansion within this strengthens the market share for refineries. Trends and market size are also being impacted as this demand for cleaner fuels increases across the world.
- Stricter regulations push cleaner fuel use: According to the report on global markets, stringent environmental regulations that control emission standards have motivated the use of cleaner fuels. In Europe, stricter regulations reduced the allowed sulfur levels by up to 25%, making the refining sector increase its use of pygas. This increased the demand and, in turn, its market share in cleaner fuel. Market growth is also aided by policies from governments that aim to encourage less emissions to be registered in fuel sources, according to recent market analysis.
- BTX aromatics drive petrochemical market: The petrochemical industry is spurred by growing demands in BTX aromatics. SWOT analysis of PyGas underscores its cheap aromatic source but its relatively high content of sulfur makes it challenging. Other leading players, such as ExxonMobil and Reliance Industries, continue driving their market strategies to improve the facilities of PyGas for greater efficiency and environmental compliance.
- Hydrogenation technology reduces sulfur content: Hydrogenation technology for pyrolysis gasoline is progressing at a very rapid pace in desulfurization and enhancement of product quality. Advanced hydrogenation technology has been adopted by over 70% of the PyGas production units during 2022, with more than 50% sulfur content reduction. Through PEST analysis, it comes out that because of environmental regulations, investments are now being forced toward cleaner processing technologies. Companies like Honeywell UOP and Axens are market players and focus on market strategies that also include the up-gradation of technology concerning emission standards.
- Recycling and sustainability are growing trends: There is a growing desire for activities in recycling and sustainability within the pyrolysis gasoline industry. A SWOT analysis underlines the potential for waste minimization and environmental improvement but adds that high scaling of recycling processes is the challenge. Key market players such as BASF and LyondellBasell are investing in market strategies that focus on circular economy practices, especially within strong states that have environments ruled by eco-friendly regulations, such as the EU.
- Ethylene, propylene growth increases pygas supply: As demand for ethylene and propylene increases globally, particularly in Asia-Pacific, olefin cracker capacities increase, and the associated by-product is pyrolysis gasoline. Companies that have an integration of Pygas recovery will seize opportunities for growth from this competitive analysis by capturing surplus production that contains valuable constituents, such as aromatics.
- PyGas provides low-cost aromatics source: Pyrolysis gasoline may be an important opportunity for chemical manufacturers seeking low-cost sources of aromatics. Companies with expertise in recovering and purifying aromatics from Pygas can fully leverage their market share across geographies, but especially in North America, where downstream demand for chemicals is increasing.
- Hydrogenation key for refining pygas quality: Hydrogenation of Pygas is increasingly becoming an essential step in removing impurities and upgrading quality enough to be used for other purposes in chemicals. Since more than 20% of world refineries are likely to implement advanced hydrogenation processes by 2026, the companies that start investing in these technologies will seize the opportunity of using Pygas in cleaner fuel and petrochemical applications and demonstrate their lead in the industrial landscape in sustainable refining.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pyrolysis Gasoline 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 Pyrolysis Gasoline 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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Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key companies in this market are: Chevron Phillips Chemical Company LLC, Dow, Haldia Petrochemicals Limited, HIP Petrohemija, Jam Petrochemical Company, ONGC Petro additions Limited, Ras Laffan Olefins Company Limited, SABIC, Shell
Key future trends in this market are - Renewable fuel adoption, Waste-to-energy technologies, Growth in biofuel production
The Pyrolysis Gasoline Market is expected to register a CAGR of 9.6% from 2023-2031.
The major factors impacting the Pyrolysis Gasoline Market are: Growing Demand for Aromatics in Petrochemicals, Expansion of the Refining and Chemical Industry, and Stringent Environmental Regulations
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pyrolysis Gasoline Market - By Type
1.3.2 Pyrolysis Gasoline Market - By Application
1.3.3 Pyrolysis Gasoline Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PYROLYSIS GASOLINE 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. PYROLYSIS GASOLINE 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. PYROLYSIS GASOLINE MARKET - GLOBAL MARKET ANALYSIS
6.1. PYROLYSIS GASOLINE - GLOBAL MARKET OVERVIEW
6.2. PYROLYSIS GASOLINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PYROLYSIS GASOLINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. RAW PYROLYSIS GASOLINE
7.3.1. Overview
7.3.2. Raw Pyrolysis Gasoline Market Forecast and Analysis
7.4. HYDROGENATED PYROLYSIS GASOLINE
7.4.1. Overview
7.4.2. Hydrogenated Pyrolysis Gasoline Market Forecast and Analysis
8. PYROLYSIS GASOLINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AROMATICS EXTRACTION
8.3.1. Overview
8.3.2. Aromatics Extraction Market Forecast and Analysis
8.4. REFINERY FEEDSTOCK
8.4.1. Overview
8.4.2. Refinery Feedstock Market Forecast and Analysis
8.5. FRACTIONATION FOR BENZENE
8.5.1. Overview
8.5.2. Fractionation for Benzene Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis
9. PYROLYSIS GASOLINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pyrolysis Gasoline Market Overview
9.1.2 North America Pyrolysis Gasoline Market Forecasts and Analysis
9.1.3 North America Pyrolysis Gasoline Market Forecasts and Analysis - By Type
9.1.4 North America Pyrolysis Gasoline Market Forecasts and Analysis - By Application
9.1.5 North America Pyrolysis Gasoline Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pyrolysis Gasoline Market
9.1.5.1.1 United States Pyrolysis Gasoline Market by Type
9.1.5.1.2 United States Pyrolysis Gasoline Market by Application
9.1.5.2 Canada Pyrolysis Gasoline Market
9.1.5.2.1 Canada Pyrolysis Gasoline Market by Type
9.1.5.2.2 Canada Pyrolysis Gasoline Market by Application
9.1.5.3 Mexico Pyrolysis Gasoline Market
9.1.5.3.1 Mexico Pyrolysis Gasoline Market by Type
9.1.5.3.2 Mexico Pyrolysis Gasoline Market by Application
9.2. EUROPE
9.2.1 Europe Pyrolysis Gasoline Market Overview
9.2.2 Europe Pyrolysis Gasoline Market Forecasts and Analysis
9.2.3 Europe Pyrolysis Gasoline Market Forecasts and Analysis - By Type
9.2.4 Europe Pyrolysis Gasoline Market Forecasts and Analysis - By Application
9.2.5 Europe Pyrolysis Gasoline Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pyrolysis Gasoline Market
9.2.5.1.1 Germany Pyrolysis Gasoline Market by Type
9.2.5.1.2 Germany Pyrolysis Gasoline Market by Application
9.2.5.2 France Pyrolysis Gasoline Market
9.2.5.2.1 France Pyrolysis Gasoline Market by Type
9.2.5.2.2 France Pyrolysis Gasoline Market by Application
9.2.5.3 Italy Pyrolysis Gasoline Market
9.2.5.3.1 Italy Pyrolysis Gasoline Market by Type
9.2.5.3.2 Italy Pyrolysis Gasoline Market by Application
9.2.5.4 United Kingdom Pyrolysis Gasoline Market
9.2.5.4.1 United Kingdom Pyrolysis Gasoline Market by Type
9.2.5.4.2 United Kingdom Pyrolysis Gasoline Market by Application
9.2.5.5 Rest of Europe Pyrolysis Gasoline Market
9.2.5.5.1 Rest of Europe Pyrolysis Gasoline Market by Type
9.2.5.5.2 Rest of Europe Pyrolysis Gasoline Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pyrolysis Gasoline Market Overview
9.3.2 Asia-Pacific Pyrolysis Gasoline Market Forecasts and Analysis
9.3.3 Asia-Pacific Pyrolysis Gasoline Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Pyrolysis Gasoline Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Pyrolysis Gasoline Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pyrolysis Gasoline Market
9.3.5.1.1 Australia Pyrolysis Gasoline Market by Type
9.3.5.1.2 Australia Pyrolysis Gasoline Market by Application
9.3.5.2 China Pyrolysis Gasoline Market
9.3.5.2.1 China Pyrolysis Gasoline Market by Type
9.3.5.2.2 China Pyrolysis Gasoline Market by Application
9.3.5.3 India Pyrolysis Gasoline Market
9.3.5.3.1 India Pyrolysis Gasoline Market by Type
9.3.5.3.2 India Pyrolysis Gasoline Market by Application
9.3.5.4 Japan Pyrolysis Gasoline Market
9.3.5.4.1 Japan Pyrolysis Gasoline Market by Type
9.3.5.4.2 Japan Pyrolysis Gasoline Market by Application
9.3.5.5 South Korea Pyrolysis Gasoline Market
9.3.5.5.1 South Korea Pyrolysis Gasoline Market by Type
9.3.5.5.2 South Korea Pyrolysis Gasoline Market by Application
9.3.5.6 Rest of Asia-Pacific Pyrolysis Gasoline Market
9.3.5.6.1 Rest of Asia-Pacific Pyrolysis Gasoline Market by Type
9.3.5.6.2 Rest of Asia-Pacific Pyrolysis Gasoline Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pyrolysis Gasoline Market Overview
9.4.2 Middle East and Africa Pyrolysis Gasoline Market Forecasts and Analysis
9.4.3 Middle East and Africa Pyrolysis Gasoline Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Pyrolysis Gasoline Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Pyrolysis Gasoline Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pyrolysis Gasoline Market
9.4.5.1.1 South Africa Pyrolysis Gasoline Market by Type
9.4.5.1.2 South Africa Pyrolysis Gasoline Market by Application
9.4.5.2 Saudi Arabia Pyrolysis Gasoline Market
9.4.5.2.1 Saudi Arabia Pyrolysis Gasoline Market by Type
9.4.5.2.2 Saudi Arabia Pyrolysis Gasoline Market by Application
9.4.5.3 U.A.E Pyrolysis Gasoline Market
9.4.5.3.1 U.A.E Pyrolysis Gasoline Market by Type
9.4.5.3.2 U.A.E Pyrolysis Gasoline Market by Application
9.4.5.4 Rest of Middle East and Africa Pyrolysis Gasoline Market
9.4.5.4.1 Rest of Middle East and Africa Pyrolysis Gasoline Market by Type
9.4.5.4.2 Rest of Middle East and Africa Pyrolysis Gasoline Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pyrolysis Gasoline Market Overview
9.5.2 South and Central America Pyrolysis Gasoline Market Forecasts and Analysis
9.5.3 South and Central America Pyrolysis Gasoline Market Forecasts and Analysis - By Type
9.5.4 South and Central America Pyrolysis Gasoline Market Forecasts and Analysis - By Application
9.5.5 South and Central America Pyrolysis Gasoline Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pyrolysis Gasoline Market
9.5.5.1.1 Brazil Pyrolysis Gasoline Market by Type
9.5.5.1.2 Brazil Pyrolysis Gasoline Market by Application
9.5.5.2 Argentina Pyrolysis Gasoline Market
9.5.5.2.1 Argentina Pyrolysis Gasoline Market by Type
9.5.5.2.2 Argentina Pyrolysis Gasoline Market by Application
9.5.5.3 Rest of South and Central America Pyrolysis Gasoline Market
9.5.5.3.1 Rest of South and Central America Pyrolysis Gasoline Market by Type
9.5.5.3.2 Rest of South and Central America Pyrolysis Gasoline 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. PYROLYSIS GASOLINE MARKET, KEY COMPANY PROFILES
11.1. CHEVRON PHILLIPS CHEMICAL COMPANY LLC.
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. DOW
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. HALDIA PETROCHEMICALS LIMITED
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. HIP-PETROHEMIJA
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. JAM PETROCHEMICAL COMPANY
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. ONGC PETRO ADDITIONS LIMITED.
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. RAS LAFFAN OLEFINS COMPANY LIMITED
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. SABIC
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. SHELL
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. SUD-CHEMIE INDIA PVT LTD
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. Chevron Phillips Chemical Company LLC.
2. Dow
3. Haldia Petrochemicals Limited
4. HIP-Petrohemija
5. Jam Petrochemical Company
6. ONGC Petro additions Limited.
7. Ras Laffan Olefins Company Limited
8. SABIC
9. Shell
10. Sud-Chemie India Pvt Ltd
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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