Reinforced Plastics Market - (Growth and Size by 2031)
The Reinforced Plastics 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 reinforced plastics market report is segmented by material type (glass fiber reinforced plastic, carbon fiber reinforced plastic, and others). The market is segmented based on end-use industry (food and beverage, pharmaceuticals and healthcare, chemicals, industrial and manufacturing, consumer goods, agriculture, electrical and electronics, 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 Reinforced Plastics 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.
Reinforced Plastics Market Segmentation
Material Type- Glass Fiber Reinforced Plastic
- Carbon Fiber Reinforced Plastic
- Food and Beverage
- Pharmaceuticals and Healthcare
- Chemicals
- Industrial and Manufacturing
- Consumer Goods
- Agriculture
- Electrical and Electronics
Strategic Insights
Reinforced Plastics Market Growth Drivers- Growth in the Automotive and Transportation Industry: Reinforced plastics, such as fiber-reinforced plastics (FRP), offer lightweight, durable, and cost-effective solutions for the automotive industry. With the increasing demand for fuel-efficient vehicles and the push for lightweight materials to reduce emissions, reinforced plastics are becoming an essential material in vehicle production, driving market growth.
- Rising Demand in Construction and Infrastructure: The construction industry increasingly uses reinforced plastics for applications like pipes, roofing, and insulation, thanks to their strength, corrosion resistance, and longevity. As urbanization and infrastructure development rise globally, the demand for reinforced plastics in this sector is expanding.
- Technological Advancements and Innovation: Continuous innovations in reinforced plastic composites, including the use of carbon fiber and glass fiber, are improving performance and broadening their applications. These advancements have spurred adoption in aerospace, marine, and renewable energy sectors, such as wind turbine blades, further driving the market's growth.
- Growth in Automotive and Aerospace Industries: The automotive and aerospace sectors are key drivers of the reinforced plastics market, as these industries increasingly focus on lightweight materials to improve fuel efficiency and reduce carbon emissions. Reinforced plastics, especially those with carbon or glass fiber reinforcement, are being used in the production of lightweight vehicle components, such as body panels, chassis, and interior parts, as well as in aerospace components like wings, fuselages, and interiors. The push for electric vehicles (EVs) and the need for more fuel-efficient aircraft are accelerating this demand.
- Advancements in Material Technology: Innovations in reinforced plastic composites are improving their performance characteristics, such as enhanced strength, durability, and impact resistance. The development of hybrid materials, combining different types of fibers or matrix systems, is expanding the potential applications of reinforced plastics. Additionally, the rise of advanced manufacturing processes, such as 3D printing and injection molding, is enabling the production of complex, high-performance parts at lower costs, further driving the adoption of reinforced plastics in industries like electronics, industrial machinery, and consumer goods.
- Sustainability and Recycling Initiatives: As sustainability becomes a major focus across industries, there is a growing demand for reinforced plastics that are recyclable or made from sustainable sources. Manufacturers are working on creating more eco-friendly composite materials that can be recycled more easily or derived from bio-based feedstocks. This trend is particularly relevant in the automotive, construction, and packaging industries, where there is increasing pressure to reduce waste, lower environmental footprints, and adopt circular economy principles. Innovations in biodegradable composites and the development of recycling technologies for fiber-reinforced plastics are helping address these sustainability challenges.
- Increasing Demand in the Automotive and Transportation Industries: Reinforced plastics, such as fiberglass and carbon fiber composites, are widely used in the automotive and transportation sectors due to their lightweight, high-strength, and corrosion-resistant properties. As the automotive industry continues to focus on producing fuel-efficient vehicles, electric vehicles (EVs), and lighter aircraft, the demand for reinforced plastics is increasing. These materials help reduce vehicle weight, improving fuel efficiency and performance, making them critical in the transition to greener transportation.
- Growth in the Construction and Infrastructure Sectors: The construction industry is adopting reinforced plastics for applications like structural components, pipes, and panels due to their durability, strength, and resistance to environmental factors. With the global focus on infrastructure development and renovation, especially in emerging economies, reinforced plastics are increasingly being used in building and construction projects as sustainable alternatives to traditional materials like metals and concrete.
- Technological Advancements and Innovation in Material Properties: Innovations in the formulation of reinforced plastics, such as the development of new composite materials with enhanced properties like higher strength-to-weight ratios, improved impact resistance, and better thermal stability, are driving growth in various industries. These advancements are expanding the applications of reinforced plastics in sectors like aerospace, electronics, marine, and renewable energy, particularly in wind turbine blades.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Reinforced Plastics 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 Reinforced Plastics 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
Increased adoption of carbon fiber reinforced plastics (CFRP) are expected to be the key market trends.
Increased demand for lightweight and durable materials are driving the market growth.
BASF SE, Owens Corning, Toray Industries Inc, SGL Carbon SE, Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Solvay SA, Huntsman Corporation, and SABIC are the key players operating in the reinforced plastics market.
Based on end-use industry, the electrical and electronics segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the reinforced plastics market due to the strong growth of the automotive and medical industry in the region.
The Reinforced Plastics 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 Reinforced Plastics Market - By Fiber Type
1.3.2 Reinforced Plastics Market - By Application
1.3.3 Reinforced Plastics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REINFORCED PLASTICS 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. REINFORCED PLASTICS 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. REINFORCED PLASTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. REINFORCED PLASTICS - GLOBAL MARKET OVERVIEW
6.2. REINFORCED PLASTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. REINFORCED PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
7.1. OVERVIEW
7.2. FIBER TYPE MARKET FORECASTS AND ANALYSIS
7.3. GLASS FIBER
7.3.1. Overview
7.3.2. Glass Fiber Market Forecast and Analysis
7.4. CARBON FIBER
7.4.1. Overview
7.4.2. Carbon Fiber Market Forecast and Analysis
7.5. ARAMID FIBER
7.5.1. Overview
7.5.2. Aramid Fiber Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. REINFORCED PLASTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE
8.3.1. Overview
8.3.2. Aerospace Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. BUILDING AND CONSTRUCTION
8.5.1. Overview
8.5.2. Building and Construction Market Forecast and Analysis
8.6. MARINE
8.6.1. Overview
8.6.2. Marine Market Forecast and Analysis
8.7. WIND ENERGY
8.7.1. Overview
8.7.2. Wind Energy Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. REINFORCED PLASTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Reinforced Plastics Market Overview
9.1.2 North America Reinforced Plastics Market Forecasts and Analysis
9.1.3 North America Reinforced Plastics Market Forecasts and Analysis - By Fiber Type
9.1.4 North America Reinforced Plastics Market Forecasts and Analysis - By Application
9.1.5 North America Reinforced Plastics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Reinforced Plastics Market
9.1.5.1.1 United States Reinforced Plastics Market by Fiber Type
9.1.5.1.2 United States Reinforced Plastics Market by Application
9.1.5.2 Canada Reinforced Plastics Market
9.1.5.2.1 Canada Reinforced Plastics Market by Fiber Type
9.1.5.2.2 Canada Reinforced Plastics Market by Application
9.1.5.3 Mexico Reinforced Plastics Market
9.1.5.3.1 Mexico Reinforced Plastics Market by Fiber Type
9.1.5.3.2 Mexico Reinforced Plastics Market by Application
9.2. EUROPE
9.2.1 Europe Reinforced Plastics Market Overview
9.2.2 Europe Reinforced Plastics Market Forecasts and Analysis
9.2.3 Europe Reinforced Plastics Market Forecasts and Analysis - By Fiber Type
9.2.4 Europe Reinforced Plastics Market Forecasts and Analysis - By Application
9.2.5 Europe Reinforced Plastics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Reinforced Plastics Market
9.2.5.1.1 Germany Reinforced Plastics Market by Fiber Type
9.2.5.1.2 Germany Reinforced Plastics Market by Application
9.2.5.2 France Reinforced Plastics Market
9.2.5.2.1 France Reinforced Plastics Market by Fiber Type
9.2.5.2.2 France Reinforced Plastics Market by Application
9.2.5.3 Italy Reinforced Plastics Market
9.2.5.3.1 Italy Reinforced Plastics Market by Fiber Type
9.2.5.3.2 Italy Reinforced Plastics Market by Application
9.2.5.4 United Kingdom Reinforced Plastics Market
9.2.5.4.1 United Kingdom Reinforced Plastics Market by Fiber Type
9.2.5.4.2 United Kingdom Reinforced Plastics Market by Application
9.2.5.5 Russia Reinforced Plastics Market
9.2.5.5.1 Russia Reinforced Plastics Market by Fiber Type
9.2.5.5.2 Russia Reinforced Plastics Market by Application
9.2.5.6 Rest of Europe Reinforced Plastics Market
9.2.5.6.1 Rest of Europe Reinforced Plastics Market by Fiber Type
9.2.5.6.2 Rest of Europe Reinforced Plastics Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Reinforced Plastics Market Overview
9.3.2 Asia-Pacific Reinforced Plastics Market Forecasts and Analysis
9.3.3 Asia-Pacific Reinforced Plastics Market Forecasts and Analysis - By Fiber Type
9.3.4 Asia-Pacific Reinforced Plastics Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Reinforced Plastics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Reinforced Plastics Market
9.3.5.1.1 Australia Reinforced Plastics Market by Fiber Type
9.3.5.1.2 Australia Reinforced Plastics Market by Application
9.3.5.2 China Reinforced Plastics Market
9.3.5.2.1 China Reinforced Plastics Market by Fiber Type
9.3.5.2.2 China Reinforced Plastics Market by Application
9.3.5.3 India Reinforced Plastics Market
9.3.5.3.1 India Reinforced Plastics Market by Fiber Type
9.3.5.3.2 India Reinforced Plastics Market by Application
9.3.5.4 Japan Reinforced Plastics Market
9.3.5.4.1 Japan Reinforced Plastics Market by Fiber Type
9.3.5.4.2 Japan Reinforced Plastics Market by Application
9.3.5.5 South Korea Reinforced Plastics Market
9.3.5.5.1 South Korea Reinforced Plastics Market by Fiber Type
9.3.5.5.2 South Korea Reinforced Plastics Market by Application
9.3.5.6 Rest of Asia-Pacific Reinforced Plastics Market
9.3.5.6.1 Rest of Asia-Pacific Reinforced Plastics Market by Fiber Type
9.3.5.6.2 Rest of Asia-Pacific Reinforced Plastics Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Reinforced Plastics Market Overview
9.4.2 Middle East and Africa Reinforced Plastics Market Forecasts and Analysis
9.4.3 Middle East and Africa Reinforced Plastics Market Forecasts and Analysis - By Fiber Type
9.4.4 Middle East and Africa Reinforced Plastics Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Reinforced Plastics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Reinforced Plastics Market
9.4.5.1.1 South Africa Reinforced Plastics Market by Fiber Type
9.4.5.1.2 South Africa Reinforced Plastics Market by Application
9.4.5.2 Saudi Arabia Reinforced Plastics Market
9.4.5.2.1 Saudi Arabia Reinforced Plastics Market by Fiber Type
9.4.5.2.2 Saudi Arabia Reinforced Plastics Market by Application
9.4.5.3 U.A.E Reinforced Plastics Market
9.4.5.3.1 U.A.E Reinforced Plastics Market by Fiber Type
9.4.5.3.2 U.A.E Reinforced Plastics Market by Application
9.4.5.4 Rest of Middle East and Africa Reinforced Plastics Market
9.4.5.4.1 Rest of Middle East and Africa Reinforced Plastics Market by Fiber Type
9.4.5.4.2 Rest of Middle East and Africa Reinforced Plastics Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Reinforced Plastics Market Overview
9.5.2 South and Central America Reinforced Plastics Market Forecasts and Analysis
9.5.3 South and Central America Reinforced Plastics Market Forecasts and Analysis - By Fiber Type
9.5.4 South and Central America Reinforced Plastics Market Forecasts and Analysis - By Application
9.5.5 South and Central America Reinforced Plastics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Reinforced Plastics Market
9.5.5.1.1 Brazil Reinforced Plastics Market by Fiber Type
9.5.5.1.2 Brazil Reinforced Plastics Market by Application
9.5.5.2 Argentina Reinforced Plastics Market
9.5.5.2.1 Argentina Reinforced Plastics Market by Fiber Type
9.5.5.2.2 Argentina Reinforced Plastics Market by Application
9.5.5.3 Rest of South and Central America Reinforced Plastics Market
9.5.5.3.1 Rest of South and Central America Reinforced Plastics Market by Fiber Type
9.5.5.3.2 Rest of South and Central America Reinforced Plastics 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. REINFORCED PLASTICS 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. SOLVAY
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. TORAY INDUSTRIES, INC.
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. TEIJIN LIMITED
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. SGL CARBON
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. CTG 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. HAYSITE REINFORCED 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. REZPLAST MFGREZPLAST MANUFACTURING LTD
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. BRAJ BINANI GROUP
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. CELANESE CORPORATION
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. Solvay
3. TORAY INDUSTRIES, INC.
4. TEIJIN LIMITED
5. SGL Carbon
6. CTG Group
7. Haysite Reinforced Plastics
8. Rezplast MfgRezplast Manufacturing LTD
9. Braj Binani Group
10. Celanese Corporation
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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