The Saturated Polyester Resin Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The saturated polyester resin market report is segmented by form (liquid and solid). The market is segmented based on application (automotive, building and construction, paints and coating, 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 Saturated Polyester Resin 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.
Saturated Polyester Resin Market Segmentation
Form- Liquid and Solid
- Automotive
- Building and Construction
- Paints and Coatings
- Electrical and Electronics
Strategic Insights
Saturated Polyester Resin Market Growth Drivers- Demand from the automotive industry: Saturated Polyester Resins are extensively finding applications in the automotive sector, especially for the purpose of coatings, composites, and adhesives because of their good performance, chemical durability, and the ability to have an easy and smooth finish. With the rise of vehicle production in the world, especially in developing nations, the need for performance structural coatings, which are used to coat the car bodies and the wheels, among other mechanical components, is on the rise. These resins are also found in the lightweight polymer composites of automotive parts, thanks to the growing fuel efficiency and emission innovations in the automotive industry. This trend, growing alongside rising competition, where consumers are expecting attractive and durable finishes from automotive coatings, is one of the factors propelling the saturated polyester resin market.
- Growing demand from the coatings industry: Saturated polyester resins are major components of any architectural coatings, such as paints, primers, and varnishes. These resins are highly weatherable, resist UV destruction, and have extreme durability hence can be used for both decorative and protective applications. Because most of the world’s construction activity is taking place in Asia-Pacific, among other regions, the upsurge in construction activities is accompanied by an increase in demand for functional and long-lasting coatings as well. The focus on rehabilitating old structures with modern energy-saving technologies and attractive facade finishes is a key factor in the use of polyester resins in architectural coatings, which will, in turn, enhance the growth of the market.
- Focus on green materials: The ever-rising need to conform to the principles of sustainability while minimizing environmental damage is compelling industries to resort to the use of greener alternatives - such as low or no-emission coatings and paints. Saturated polyester resins are normally designed for environmental compliance with the solvents being less harmful, and it is in this respect that advances are geared mostly toward water-based, solvent, and even zero-solvent systems.
- Shift away from synthetic resins: Throughout the years, countries and businesses have recommended the use of synthetic resin polymers and followed them up with practices that will not hurt and damage the natural environment. Out of these efforts, modern emulsion and/or bio-saturated-polycaprolactone resins have emerged. Coatings utilizing these types of resins do not contain toxic solvents, thereby improving the overall breathable air in their environment. On the other hand, polyesters produced from agricultural sources like oilseed and carbohydrates are also becoming popular as bioengineered substitutes for silica-based polymer materials. This green and sustainable approach to the solutions will be the order of the designs in the future since the consumers and those charged with regulating activities are becoming more and more attentive to sustainability.
- Use of advanced curing systems: The advanced curing systems for saturated polyester resins are another trend that is emerging. Methods of curing that have been utilized for this particular application of polymers for a long time is heat curing, but it is being aided by the introduction of other methods such as UV curable and electron beam curing. This is because these systems consume less energy and time and are more eco-friendly. Another example is that UV-curable materials are gaining significance in the coating industry as they provide quality finishes at lower energy costs. Thus, as industries shift towards more efficient and green production systems, resin-curing technologies will most probably influence the outlook of the market in the coming years.
- Demand growth in emerging economies: Most emerging economies today, especially in Asia-Pacific, Latin America, and Africa, are on the rapid rise of the automotive industry. The reason for the increasing sales of passenger cars and commercial vehicles in these regions is due to industrialization and urbanization. The automotive sector is one of the major end users of high-performance coatings, composites, and adhesives, which creates a huge scope for the saturated polyester resin market. Regions that are looking for durable, economical, and green resins will be an added advantage for the manufacturers in these fast-growing areas.
- Demand from composites used in renewable energy sector: Since the worldwide engine is changing towards renewable energy sources, the incorporation of saturated polyester resin composites in the manufacturing of wind turbine blades or solar panels, among other renewable energy infrastructures, is bound to grow. Although these saturated polyester resins possess good mechanical properties and are UV stable, water resistant, and very tough, hence they are ideal for the manufacture of renewable energy structures that are exposed to severe weather. With the expansion in the scope of renewable energy industries, predominantly wind, and solar energy, there arises a need for durable components that can be manufactured using high-performance materials, which is a positive aspect for the growth of the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Saturated Polyester Resin 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 Saturated Polyester Resin 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 toward waterborne and bio-based resins is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the saturated polyester resin market due to the strong growth of the paints and coatings industry in the region.
Based on application, the paints and coatings segment is expected to witness the fastest growth during the forecast period.
Increasing demand in automotive and transportation industries are driving the market growth.
Allnex GmbH, Arkema S.A., BASF SE, CIECH, Convestro AG, DIC CORPORATION, DSM, MEGARA RESINS, Synthopol, and Helios Resins are the key players operating in the saturated polyester resin market.
The Saturated Polyester Resin 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 Saturated Polyester Resin Market - By Type
1.3.2 Saturated Polyester Resin Market - By Application
1.3.3 Saturated Polyester Resin Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SATURATED POLYESTER RESIN 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. SATURATED POLYESTER RESIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SATURATED POLYESTER RESIN MARKET - GLOBAL MARKET ANALYSIS
6.1. SATURATED POLYESTER RESIN - GLOBAL MARKET OVERVIEW
6.2. SATURATED POLYESTER RESIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SATURATED POLYESTER RESIN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LIQUID SATURATED POLYESTER RESIN
7.3.1. Overview
7.3.2. Liquid Saturated Polyester Resin Market Forecast and Analysis
7.4. SOLID SATURATED POLYESTER RESIN
7.4.1. Overview
7.4.2. Solid Saturated Polyester Resin Market Forecast and Analysis
8. SATURATED POLYESTER RESIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POWDER COATINGS
8.3.1. Overview
8.3.2. Powder Coatings Market Forecast and Analysis
8.4. INDUSTRIAL PAINTS
8.4.1. Overview
8.4.2. Industrial Paints Market Forecast and Analysis
8.5. COIL AND CAN COATINGS
8.5.1. Overview
8.5.2. Coil and Can Coatings Market Forecast and Analysis
8.6. AUTOMOTIVE PAINTS
8.6.1. Overview
8.6.2. Automotive Paints Market Forecast and Analysis
8.7. FLEXIBLE PACKAGING
8.7.1. Overview
8.7.2. Flexible Packaging Market Forecast and Analysis
8.8. 2K PU COATINGS
8.8.1. Overview
8.8.2. 2k Pu Coatings Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. SATURATED POLYESTER RESIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Saturated Polyester Resin Market Overview
9.1.2 North America Saturated Polyester Resin Market Forecasts and Analysis
9.1.3 North America Saturated Polyester Resin Market Forecasts and Analysis - By Type
9.1.4 North America Saturated Polyester Resin Market Forecasts and Analysis - By Application
9.1.5 North America Saturated Polyester Resin Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Saturated Polyester Resin Market
9.1.5.1.1 Canada Saturated Polyester Resin Market by Type
9.1.5.1.2 Canada Saturated Polyester Resin Market by Application
9.1.5.2 Mexico Saturated Polyester Resin Market
9.1.5.2.1 Mexico Saturated Polyester Resin Market by Type
9.1.5.2.2 Mexico Saturated Polyester Resin Market by Application
9.1.5.3 US Saturated Polyester Resin Market
9.1.5.3.1 US Saturated Polyester Resin Market by Type
9.1.5.3.2 US Saturated Polyester Resin Market by Application
9.2. EUROPE
9.2.1 Europe Saturated Polyester Resin Market Overview
9.2.2 Europe Saturated Polyester Resin Market Forecasts and Analysis
9.2.3 Europe Saturated Polyester Resin Market Forecasts and Analysis - By Type
9.2.4 Europe Saturated Polyester Resin Market Forecasts and Analysis - By Application
9.2.5 Europe Saturated Polyester Resin Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Saturated Polyester Resin Market
9.2.5.1.1 Germany Saturated Polyester Resin Market by Type
9.2.5.1.2 Germany Saturated Polyester Resin Market by Application
9.2.5.2 France Saturated Polyester Resin Market
9.2.5.2.1 France Saturated Polyester Resin Market by Type
9.2.5.2.2 France Saturated Polyester Resin Market by Application
9.2.5.3 Italy Saturated Polyester Resin Market
9.2.5.3.1 Italy Saturated Polyester Resin Market by Type
9.2.5.3.2 Italy Saturated Polyester Resin Market by Application
9.2.5.4 United Kingdom Saturated Polyester Resin Market
9.2.5.4.1 United Kingdom Saturated Polyester Resin Market by Type
9.2.5.4.2 United Kingdom Saturated Polyester Resin Market by Application
9.2.5.5 Russia Saturated Polyester Resin Market
9.2.5.5.1 Russia Saturated Polyester Resin Market by Type
9.2.5.5.2 Russia Saturated Polyester Resin Market by Application
9.2.5.6 Rest of Europe Saturated Polyester Resin Market
9.2.5.6.1 Rest of Europe Saturated Polyester Resin Market by Type
9.2.5.6.2 Rest of Europe Saturated Polyester Resin Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Saturated Polyester Resin Market Overview
9.3.2 Asia-Pacific Saturated Polyester Resin Market Forecasts and Analysis
9.3.3 Asia-Pacific Saturated Polyester Resin Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Saturated Polyester Resin Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Saturated Polyester Resin Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Saturated Polyester Resin Market
9.3.5.1.1 Australia Saturated Polyester Resin Market by Type
9.3.5.1.2 Australia Saturated Polyester Resin Market by Application
9.3.5.2 China Saturated Polyester Resin Market
9.3.5.2.1 China Saturated Polyester Resin Market by Type
9.3.5.2.2 China Saturated Polyester Resin Market by Application
9.3.5.3 India Saturated Polyester Resin Market
9.3.5.3.1 India Saturated Polyester Resin Market by Type
9.3.5.3.2 India Saturated Polyester Resin Market by Application
9.3.5.4 Japan Saturated Polyester Resin Market
9.3.5.4.1 Japan Saturated Polyester Resin Market by Type
9.3.5.4.2 Japan Saturated Polyester Resin Market by Application
9.3.5.5 South Korea Saturated Polyester Resin Market
9.3.5.5.1 South Korea Saturated Polyester Resin Market by Type
9.3.5.5.2 South Korea Saturated Polyester Resin Market by Application
9.3.5.6 Rest of Asia-Pacific Saturated Polyester Resin Market
9.3.5.6.1 Rest of Asia-Pacific Saturated Polyester Resin Market by Type
9.3.5.6.2 Rest of Asia-Pacific Saturated Polyester Resin Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Saturated Polyester Resin Market Overview
9.4.2 Middle East and Africa Saturated Polyester Resin Market Forecasts and Analysis
9.4.3 Middle East and Africa Saturated Polyester Resin Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Saturated Polyester Resin Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Saturated Polyester Resin Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Saturated Polyester Resin Market
9.4.5.1.1 South Africa Saturated Polyester Resin Market by Type
9.4.5.1.2 South Africa Saturated Polyester Resin Market by Application
9.4.5.2 Saudi Arabia Saturated Polyester Resin Market
9.4.5.2.1 Saudi Arabia Saturated Polyester Resin Market by Type
9.4.5.2.2 Saudi Arabia Saturated Polyester Resin Market by Application
9.4.5.3 U.A.E Saturated Polyester Resin Market
9.4.5.3.1 U.A.E Saturated Polyester Resin Market by Type
9.4.5.3.2 U.A.E Saturated Polyester Resin Market by Application
9.4.5.4 Rest of Middle East and Africa Saturated Polyester Resin Market
9.4.5.4.1 Rest of Middle East and Africa Saturated Polyester Resin Market by Type
9.4.5.4.2 Rest of Middle East and Africa Saturated Polyester Resin Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Saturated Polyester Resin Market Overview
9.5.2 South and Central America Saturated Polyester Resin Market Forecasts and Analysis
9.5.3 South and Central America Saturated Polyester Resin Market Forecasts and Analysis - By Type
9.5.4 South and Central America Saturated Polyester Resin Market Forecasts and Analysis - By Application
9.5.5 South and Central America Saturated Polyester Resin Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Saturated Polyester Resin Market
9.5.5.1.1 Brazil Saturated Polyester Resin Market by Type
9.5.5.1.2 Brazil Saturated Polyester Resin Market by Application
9.5.5.2 Argentina Saturated Polyester Resin Market
9.5.5.2.1 Argentina Saturated Polyester Resin Market by Type
9.5.5.2.2 Argentina Saturated Polyester Resin Market by Application
9.5.5.3 Rest of South and Central America Saturated Polyester Resin Market
9.5.5.3.1 Rest of South and Central America Saturated Polyester Resin Market by Type
9.5.5.3.2 Rest of South and Central America Saturated Polyester Resin 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. SATURATED POLYESTER RESIN MARKET, KEY COMPANY PROFILES
11.1. ALLNEX BELGIUM SA/NV (FORMERLY CYTEC)
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. ARKEMA S.A.
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. CIECH SA
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. COVESTRO AG (FORMERLY BAYER MATERIALSCIENCE)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVONIK INDUSTRIES
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. HITACHI CHEMICAL CO. LTD
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. MEGARA RESINS (ANASTASSIOS FANIS S.A.)
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. NIPPON GOHSEI
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. ROYAL DSM N.V.
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. STEPAN 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.Allnex Belgium SA/NV (Formerly Cytec)
2.Arkema S.A.
3.Ciech SA
4.Covestro AG (Formerly Bayer Materialscience)
5.Evonik Industries
6.Hitachi Chemical Co. Ltd
7.Megara Resins (Anastassios Fanis S.A.)
8.Nippon Gohsei
9.Royal DSM N.V.
10.Stepan 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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