Silicones Market Report - (Growth and Size by 2031)
The Silicones 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 report is segmented by product type (elastomers, fluids, resins, gel, foam and others). The report further presents analysis based on end-use industry (automotive, building and construction, electronics, medical, personal care and cosmetics, paints and coatings, energy and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Silicones 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.
Silicones Market Segmentation
Product Type- Elastomers
- Fluids
- Resins
- Gel
- Foam and Others
- Automotive
- Building and Construction
- Electronics
- Medical
- Personal Care and Cosmetics
- Paints and Coatings
- Energy and Others
Strategic Insights
Silicones Market Growth Drivers- Silicone's Role in the Construction Sector: The construction sector is a significant contributor to the growth of silicone, with these materials being used in the form of sealants, adhesives, and coatings. The main attributes of silicones in construction include their strength and ability to resist extreme weather conditions. There is a growing trend in the constructional activities particularly in developing countries where the demand for silicone is significantly increasing.
- Silicone's Use in the Automotive Industry: The automotive industry extensively uses silicones to manufacture hoses and lining components. The increasing number of vehicles manufactured, coupled with advances in the automotive sector, which is making vehicles lighter, also increases the use of silicones.
- Silicone in the Renewable Energy and Electronics Sectors: The energy sector and renewable energy sources technologies, such as solar panels and wind turbines, also utilize silicones for adequate insulation and protection. As the world is transitioning towards renewable energy sources, the use of silicones in these applications is increasing tremendously. In the electronic sector, silicones are integrated to safeguard crucial parts to guarantee that the electronic devices will serve their purpose reasonably. The explosive development in the electronics market owing to innovations and more demanding customers has also contributed to the developing need for silicones.
- Integration of Nanotechnology and 3D Printing in Silicone Manufacturing: The silicones market is witnessing the integration of nanotechnology and 3D printing technologies in product manufacturing. These advancements enhance the properties and applications of silicone products, allowing for more precise and efficient production processes. For instance, nanotechnology is being used to improve the thermal and mechanical properties of silicones, making them more suitable for high-performance applications.
- Emphasis on Sustainability and Eco-friendly Innovations: There is a growing emphasis on sustainability within the silicone industry, driven by increasing environmental awareness and regulatory pressures. Manufacturers invest in research and development to produce bio-based and recyclable silicone materials. This includes the development of bio-sourced polysiloxane resins and solvent-free formulations, which aim to reduce the carbon footprint and comply with stringent environmental regulations.
- Strategic Partnerships and Collaborations: Silicone market companies are increasingly forming partnerships and collaborations to enhance their market presence and competitiveness. These alliances allow companies to leverage each other's strengths and innovate products. The partnerships between manufacturers and research institutions generally drive technological advancements and product development.
- Growing Demand for Lightweight Silicone Compounds in the Automotive and Aerospace Sectors: The demand for novel and lightweight silicone compounds for the automobile and aerospace sector has great potential. These materials form an integral part in enhancing fuel economy and reducing carbon footprint, which is in light of the global need for greener means of transport.
- Silicone Products in Healthcare: Antiseptic Elastomers and Infection Control: The healthcare sector is also promising for developing silicone products, particularly antiseptic elastomers. These materials are used to mitigate the risk of hospital-acquired infections associated with medical devices by inhibiting the growth of microbes on such devices. Therefore, the emerging need to enhance the quality of care and control the spread of infections in the healthcare systems will create a market for such silicones.
- Expansion of Silicone Applications in Renewable Energy: Solar and Wind Energy: Silicones are already widely used in the solar and wind energy industries, these applications are expected to grow further in the coming years. Due to their impressive thermal resistance and durability, silicones find applications in making several parts of solar collectors and wind turbine generators. Thus, as the customers seeks more of these renewable energy sources, the demand for resources that high-performance silicones is rising, creating a market growth prospects.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Silicones 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 Silicones 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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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Focus on sustainability and eco-friendly solutions is expected to be the key market trends
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the silicones market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Wacker Chemie AG; Shin-Etsu Chemical Co Ltd; The Dow Chemical Company; Evonik Industries AG; Momentive are some of the key players operating in the silicones market
The surge in demand from construction and automotive industries is driving the market growth
The Silicones 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 Silicones Market - By Form
1.3.2 Silicones Market - By Application
1.3.3 Silicones Market - By End-user
1.3.4 Silicones Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SILICONES 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. SILICONES 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. SILICONES MARKET - GLOBAL MARKET ANALYSIS
6.1. SILICONES - GLOBAL MARKET OVERVIEW
6.2. SILICONES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SILICONES MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. FLUIDS
7.3.1. Overview
7.3.2. Fluids Market Forecast and Analysis
7.4. ELASTOMERS
7.4.1. Overview
7.4.2. Elastomers Market Forecast and Analysis
7.5. RESINS
7.5.1. Overview
7.5.2. Resins Market Forecast and Analysis
8. SILICONES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RUBBER
8.3.1. Overview
8.3.2. Rubber Market Forecast and Analysis
8.4. COATINGS
8.4.1. Overview
8.4.2. Coatings Market Forecast and Analysis
8.5. EMULSIONS
8.5.1. Overview
8.5.2. Emulsions Market Forecast and Analysis
8.6. SEALANTS
8.6.1. Overview
8.6.2. Sealants Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SILICONES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. CONSUMER GOODS
9.3.1. Overview
9.3.2. Consumer Goods Market Forecast and Analysis
9.4. CONSTRUCTION AND ARCHITECTURE
9.4.1. Overview
9.4.2. Construction and Architecture Market Forecast and Analysis
9.5. TRANSPORTATION
9.5.1. Overview
9.5.2. Transportation Market Forecast and Analysis
9.6. ENERGY
9.6.1. Overview
9.6.2. Energy Market Forecast and Analysis
9.7. ELECTRICAL AND ELECTRONICS
9.7.1. Overview
9.7.2. Electrical and Electronics Market Forecast and Analysis
9.8. PAPER
9.8.1. Overview
9.8.2. Paper Market Forecast and Analysis
9.9. TEXTILES
9.9.1. Overview
9.9.2. Textiles Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis
10. SILICONES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Silicones Market Overview
10.1.2 North America Silicones Market Forecasts and Analysis
10.1.3 North America Silicones Market Forecasts and Analysis - By Form
10.1.4 North America Silicones Market Forecasts and Analysis - By Application
10.1.5 North America Silicones Market Forecasts and Analysis - By End-user
10.1.6 North America Silicones Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Silicones Market
10.1.6.1.1 Canada Silicones Market by Form
10.1.6.1.2 Canada Silicones Market by Application
10.1.6.1.3 Canada Silicones Market by End-user
10.1.6.2 Mexico Silicones Market
10.1.6.2.1 Mexico Silicones Market by Form
10.1.6.2.2 Mexico Silicones Market by Application
10.1.6.2.3 Mexico Silicones Market by End-user
10.1.6.3 US Silicones Market
10.1.6.3.1 US Silicones Market by Form
10.1.6.3.2 US Silicones Market by Application
10.1.6.3.3 US Silicones Market by End-user
10.2. EUROPE
10.2.1 Europe Silicones Market Overview
10.2.2 Europe Silicones Market Forecasts and Analysis
10.2.3 Europe Silicones Market Forecasts and Analysis - By Form
10.2.4 Europe Silicones Market Forecasts and Analysis - By Application
10.2.5 Europe Silicones Market Forecasts and Analysis - By End-user
10.2.6 Europe Silicones Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Silicones Market
10.2.6.1.1 Germany Silicones Market by Form
10.2.6.1.2 Germany Silicones Market by Application
10.2.6.1.3 Germany Silicones Market by End-user
10.2.6.2 France Silicones Market
10.2.6.2.1 France Silicones Market by Form
10.2.6.2.2 France Silicones Market by Application
10.2.6.2.3 France Silicones Market by End-user
10.2.6.3 Italy Silicones Market
10.2.6.3.1 Italy Silicones Market by Form
10.2.6.3.2 Italy Silicones Market by Application
10.2.6.3.3 Italy Silicones Market by End-user
10.2.6.4 United Kingdom Silicones Market
10.2.6.4.1 United Kingdom Silicones Market by Form
10.2.6.4.2 United Kingdom Silicones Market by Application
10.2.6.4.3 United Kingdom Silicones Market by End-user
10.2.6.5 Russia Silicones Market
10.2.6.5.1 Russia Silicones Market by Form
10.2.6.5.2 Russia Silicones Market by Application
10.2.6.5.3 Russia Silicones Market by End-user
10.2.6.6 Rest of Europe Silicones Market
10.2.6.6.1 Rest of Europe Silicones Market by Form
10.2.6.6.2 Rest of Europe Silicones Market by Application
10.2.6.6.3 Rest of Europe Silicones Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Silicones Market Overview
10.3.2 Asia-Pacific Silicones Market Forecasts and Analysis
10.3.3 Asia-Pacific Silicones Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Silicones Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Silicones Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Silicones Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Silicones Market
10.3.6.1.1 Australia Silicones Market by Form
10.3.6.1.2 Australia Silicones Market by Application
10.3.6.1.3 Australia Silicones Market by End-user
10.3.6.2 China Silicones Market
10.3.6.2.1 China Silicones Market by Form
10.3.6.2.2 China Silicones Market by Application
10.3.6.2.3 China Silicones Market by End-user
10.3.6.3 India Silicones Market
10.3.6.3.1 India Silicones Market by Form
10.3.6.3.2 India Silicones Market by Application
10.3.6.3.3 India Silicones Market by End-user
10.3.6.4 Japan Silicones Market
10.3.6.4.1 Japan Silicones Market by Form
10.3.6.4.2 Japan Silicones Market by Application
10.3.6.4.3 Japan Silicones Market by End-user
10.3.6.5 South Korea Silicones Market
10.3.6.5.1 South Korea Silicones Market by Form
10.3.6.5.2 South Korea Silicones Market by Application
10.3.6.5.3 South Korea Silicones Market by End-user
10.3.6.6 Rest of Asia-Pacific Silicones Market
10.3.6.6.1 Rest of Asia-Pacific Silicones Market by Form
10.3.6.6.2 Rest of Asia-Pacific Silicones Market by Application
10.3.6.6.3 Rest of Asia-Pacific Silicones Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Silicones Market Overview
10.4.2 Middle East and Africa Silicones Market Forecasts and Analysis
10.4.3 Middle East and Africa Silicones Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Silicones Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Silicones Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Silicones Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Silicones Market
10.4.6.1.1 South Africa Silicones Market by Form
10.4.6.1.2 South Africa Silicones Market by Application
10.4.6.1.3 South Africa Silicones Market by End-user
10.4.6.2 Saudi Arabia Silicones Market
10.4.6.2.1 Saudi Arabia Silicones Market by Form
10.4.6.2.2 Saudi Arabia Silicones Market by Application
10.4.6.2.3 Saudi Arabia Silicones Market by End-user
10.4.6.3 U.A.E Silicones Market
10.4.6.3.1 U.A.E Silicones Market by Form
10.4.6.3.2 U.A.E Silicones Market by Application
10.4.6.3.3 U.A.E Silicones Market by End-user
10.4.6.4 Rest of Middle East and Africa Silicones Market
10.4.6.4.1 Rest of Middle East and Africa Silicones Market by Form
10.4.6.4.2 Rest of Middle East and Africa Silicones Market by Application
10.4.6.4.3 Rest of Middle East and Africa Silicones Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Silicones Market Overview
10.5.2 South and Central America Silicones Market Forecasts and Analysis
10.5.3 South and Central America Silicones Market Forecasts and Analysis - By Form
10.5.4 South and Central America Silicones Market Forecasts and Analysis - By Application
10.5.5 South and Central America Silicones Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Silicones Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Silicones Market
10.5.6.1.1 Brazil Silicones Market by Form
10.5.6.1.2 Brazil Silicones Market by Application
10.5.6.1.3 Brazil Silicones Market by End-user
10.5.6.2 Argentina Silicones Market
10.5.6.2.1 Argentina Silicones Market by Form
10.5.6.2.2 Argentina Silicones Market by Application
10.5.6.2.3 Argentina Silicones Market by End-user
10.5.6.3 Rest of South and Central America Silicones Market
10.5.6.3.1 Rest of South and Central America Silicones Market by Form
10.5.6.3.2 Rest of South and Central America Silicones Market by Application
10.5.6.3.3 Rest of South and Central America Silicones Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SILICONES MARKET, KEY COMPANY PROFILES
12.1. ELKEM ASA
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. EVONIK INDUSTRIES AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. WACKER CHEMIE AG
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. SUPREME SILICONES
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. BASF SE
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DOW INC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MOMENTIVE PERFORMANCE MATERIALS INC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. KANEKA CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ACCESS TECHNOLOGIES LLC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. EMERALD PERFORMANCE MATERIALS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Elkem ASA
2. Evonik Industries AG
3. Wacker Chemie AG
4. Supreme Silicones
5. BASF SE
6. Dow Inc
7. Momentive Performance Materials Inc
8. Kaneka Corporation
9. ACCESS Technologies LLC
10. Emerald Performance Materials
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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