The Ultraviolet Stabilizers Market is expected to register a CAGR of 5.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Hindered Amine Light Stabilizers (HALS), UV absorbers, quenchers, and others). The report is further segmented by end-use industry (packaging, automotive, agriculture, building and construction, adhesives and sealants, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Ultraviolet Stabilizers 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.
Ultraviolet Stabilizers Market Segmentation
Type- Hindered Amine Light Stabilizers
- UV Absorbers
- Quenchers
- Packaging
- Automotive
- Agriculture
- Building and Construction
- Adhesives and Sealants
Strategic Insights
Ultraviolet Stabilizers Market Growth Drivers- Grpwing demand for high performance plastics: One of the most prominent drivers of the UV stabilizers market is the increasing applications of plastics and coatings in various industries, which include automotive, construction, packaging, and consumer goods. When exposed to sunlight, plastics degrade, discolor, and lose their mechanical properties. Hence, UV stabilizers such as UV absorbers and hindered amine light stabilizers (HALS) play a crucial role in protecting such materials from UV radiation. As more industries use plastics because they are easy to use and economical, the demand for UV stabilizers to enhance the life cycle and functionality of such materials goes up.
- Regulations on mitigating UV impact: Governments around the world are enforcing strict regulations to mitigate the adverse impacts of UV radiation, particularly in light of climate change. In the agricultural, automotive, and construction industries, UV stabilizers are extremely crucial in this aspect. UV stabilizers reduce the impact on the environment by making the product last longer and thereby minimizing the number of replacements and contributing to sustainability. With the tightening of regulatory aspects regarding the durability of products and environmental safety, the UV stabilizers market is in higher demand.
- Adoption from the automotive and aerospace industries: UV stabilizers are essential in automotive and aerospace sectors as components in these fields encounter adverse weather conditions, such as exposure to solar radiation. These sectors are continuously evolving towards materials that can provide more durability, longer lifespan, and better performance. Automotive parts, such as bumpers, lights, exterior trim, and other parts, need UV protection for no degradation, no discoloration, and no loss of strength with time. The global automotive and aerospace industries are growing, so the demand for UV stabilizers is growing also.
- Bio-based UV stabilizers: Increasing drive toward the development and use of bio-based or sustainable UV stabilizers in response to environmental concerns and the push toward greener alternatives. Conventional UV stabilizers are generally very effective but synthetic and petrochemical-based. As consumers and industries increasingly seek environmentally friendly products, UV stabilizer manufacturers focus more on how to derive them from renewable resources, thus reducing their carbon footprint and improving their environmental impacts.
- New formulations: The development of chemistry and formulation for UV stabilizers has significantly improved their performance. New formulations of UV absorbers and HALS are under development to provide better protection against a broader spectrum of UV radiation, thus increasing material durability and lifespan even under extreme environmental conditions. This has benefits mainly to the automotive, construction, and packaging industries where materials are exposed to sunlight for an extended period.
- Growing urbanization rate in emerging economies: A rise in industrialization, urbanization, and more disposable income is driving UV stabilizers demand highly at an accelerated rate in emerging economies such as China, India, and Brazil. The growth in plastics, coatings, and auto parts adoption in these regions drives the demand for UV stabilizers. The growing construction sector and increased awareness of UV-related material degradation are also driving market growth in these regions.
- Solar energy adoption: Now, the renewable energy market, which includes solar energy, is a promising area for UV stabilizers. The efficiency and lifespan of photovoltaic panels and other such infrastructure in renewable energy suffer degradation if left without protection using UV stabilizers. Therefore, manufacturers who can innovate UV stabilizers specific to the renewable energy sector will find rising markets.
- Applications in agriculture: The agricultural use of UV stabilizers, for example in greenhouse films and protective covers, creates a special growth opportunity. The reasons are that UV stabilizers protect agricultural films from degradation based on UV exposure, which greatly improves their durability and efficiency. With pressure mounting on global food production, such innovations in agricultural protection will be ever more in demand, thus creating opportunities for producers of UV stabilizers.
- Increasing demand for consumer electronics: With consumer electronics being relied on increasingly, a growing market exists for UV stabilizers to protect the electronic devices from the ravages of UV radiation. For example, mobile phone cases, screens, etc. made from plastics and composites should have UV protective properties to maintain their aesthetic value and performance. UV stabilizers will be in ever-increasing demand with the growth in the consumer electronics market to preserve the appearance and performance of those products.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ultraviolet Stabilizers 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 Ultraviolet Stabilizers 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
Technological advancements in UV stabilizer formulations 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 ultraviolet stabilizers market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
BASF SE, Clariant AG, Ampacet Corp, Adeka Corp, Lycus Ltd, Solvay SA, Songwon Industrial Co Ltd, Valtris Specialty Chemicals, Everlight Chemical Industrial Co, and Evonik Industries AG
The major factors driving the ultraviolet stabilizers market are:
1. Growing Demand for Protective Coatings and Plastics.
2. Increasing Use in Automotive and Aerospace Industries.
The Ultraviolet Stabilizers Market is estimated to witness a CAGR of 5.3% 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 Ultraviolet Stabilizers Market - By Type
1.3.2 Ultraviolet Stabilizers Market - By Application
1.3.3 Ultraviolet Stabilizers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ULTRAVIOLET STABILIZERS 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. ULTRAVIOLET STABILIZERS 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. ULTRAVIOLET STABILIZERS MARKET - GLOBAL MARKET ANALYSIS
6.1. ULTRAVIOLET STABILIZERS - GLOBAL MARKET OVERVIEW
6.2. ULTRAVIOLET STABILIZERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ULTRAVIOLET STABILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. UV ABSORBERS
7.3.1. Overview
7.3.2. UV Absorbers Market Forecast and Analysis
7.4. HINDERED AMINE LIGHT STABILIZERS
7.4.1. Overview
7.4.2. Hindered Amine Light Stabilizers Market Forecast and Analysis
7.5. QUENCHERS.
7.5.1. Overview
7.5.2. Quenchers. Market Forecast and Analysis
8. ULTRAVIOLET STABILIZERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PACKAGING
8.3.1. Overview
8.3.2. Packaging Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. AGRICULTURE
8.5.1. Overview
8.5.2. Agriculture Market Forecast and Analysis
8.6. BUILDING AND CONSTRUCTION
8.6.1. Overview
8.6.2. Building and Construction Market Forecast and Analysis
8.7. ADHESIVES AND SEALANTS
8.7.1. Overview
8.7.2. Adhesives and Sealants Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ULTRAVIOLET STABILIZERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ultraviolet Stabilizers Market Overview
9.1.2 North America Ultraviolet Stabilizers Market Forecasts and Analysis
9.1.3 North America Ultraviolet Stabilizers Market Forecasts and Analysis - By Type
9.1.4 North America Ultraviolet Stabilizers Market Forecasts and Analysis - By Application
9.1.5 North America Ultraviolet Stabilizers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ultraviolet Stabilizers Market
9.1.5.1.1 United States Ultraviolet Stabilizers Market by Type
9.1.5.1.2 United States Ultraviolet Stabilizers Market by Application
9.1.5.2 Canada Ultraviolet Stabilizers Market
9.1.5.2.1 Canada Ultraviolet Stabilizers Market by Type
9.1.5.2.2 Canada Ultraviolet Stabilizers Market by Application
9.1.5.3 Mexico Ultraviolet Stabilizers Market
9.1.5.3.1 Mexico Ultraviolet Stabilizers Market by Type
9.1.5.3.2 Mexico Ultraviolet Stabilizers Market by Application
9.2. EUROPE
9.2.1 Europe Ultraviolet Stabilizers Market Overview
9.2.2 Europe Ultraviolet Stabilizers Market Forecasts and Analysis
9.2.3 Europe Ultraviolet Stabilizers Market Forecasts and Analysis - By Type
9.2.4 Europe Ultraviolet Stabilizers Market Forecasts and Analysis - By Application
9.2.5 Europe Ultraviolet Stabilizers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ultraviolet Stabilizers Market
9.2.5.1.1 Germany Ultraviolet Stabilizers Market by Type
9.2.5.1.2 Germany Ultraviolet Stabilizers Market by Application
9.2.5.2 France Ultraviolet Stabilizers Market
9.2.5.2.1 France Ultraviolet Stabilizers Market by Type
9.2.5.2.2 France Ultraviolet Stabilizers Market by Application
9.2.5.3 Italy Ultraviolet Stabilizers Market
9.2.5.3.1 Italy Ultraviolet Stabilizers Market by Type
9.2.5.3.2 Italy Ultraviolet Stabilizers Market by Application
9.2.5.4 United Kingdom Ultraviolet Stabilizers Market
9.2.5.4.1 United Kingdom Ultraviolet Stabilizers Market by Type
9.2.5.4.2 United Kingdom Ultraviolet Stabilizers Market by Application
9.2.5.5 Russia Ultraviolet Stabilizers Market
9.2.5.5.1 Russia Ultraviolet Stabilizers Market by Type
9.2.5.5.2 Russia Ultraviolet Stabilizers Market by Application
9.2.5.6 Rest of Europe Ultraviolet Stabilizers Market
9.2.5.6.1 Rest of Europe Ultraviolet Stabilizers Market by Type
9.2.5.6.2 Rest of Europe Ultraviolet Stabilizers Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ultraviolet Stabilizers Market Overview
9.3.2 Asia-Pacific Ultraviolet Stabilizers Market Forecasts and Analysis
9.3.3 Asia-Pacific Ultraviolet Stabilizers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Ultraviolet Stabilizers Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Ultraviolet Stabilizers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ultraviolet Stabilizers Market
9.3.5.1.1 Australia Ultraviolet Stabilizers Market by Type
9.3.5.1.2 Australia Ultraviolet Stabilizers Market by Application
9.3.5.2 China Ultraviolet Stabilizers Market
9.3.5.2.1 China Ultraviolet Stabilizers Market by Type
9.3.5.2.2 China Ultraviolet Stabilizers Market by Application
9.3.5.3 India Ultraviolet Stabilizers Market
9.3.5.3.1 India Ultraviolet Stabilizers Market by Type
9.3.5.3.2 India Ultraviolet Stabilizers Market by Application
9.3.5.4 Japan Ultraviolet Stabilizers Market
9.3.5.4.1 Japan Ultraviolet Stabilizers Market by Type
9.3.5.4.2 Japan Ultraviolet Stabilizers Market by Application
9.3.5.5 South Korea Ultraviolet Stabilizers Market
9.3.5.5.1 South Korea Ultraviolet Stabilizers Market by Type
9.3.5.5.2 South Korea Ultraviolet Stabilizers Market by Application
9.3.5.6 Rest of Asia-Pacific Ultraviolet Stabilizers Market
9.3.5.6.1 Rest of Asia-Pacific Ultraviolet Stabilizers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Ultraviolet Stabilizers Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ultraviolet Stabilizers Market Overview
9.4.2 Middle East and Africa Ultraviolet Stabilizers Market Forecasts and Analysis
9.4.3 Middle East and Africa Ultraviolet Stabilizers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Ultraviolet Stabilizers Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Ultraviolet Stabilizers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ultraviolet Stabilizers Market
9.4.5.1.1 South Africa Ultraviolet Stabilizers Market by Type
9.4.5.1.2 South Africa Ultraviolet Stabilizers Market by Application
9.4.5.2 Saudi Arabia Ultraviolet Stabilizers Market
9.4.5.2.1 Saudi Arabia Ultraviolet Stabilizers Market by Type
9.4.5.2.2 Saudi Arabia Ultraviolet Stabilizers Market by Application
9.4.5.3 U.A.E Ultraviolet Stabilizers Market
9.4.5.3.1 U.A.E Ultraviolet Stabilizers Market by Type
9.4.5.3.2 U.A.E Ultraviolet Stabilizers Market by Application
9.4.5.4 Rest of Middle East and Africa Ultraviolet Stabilizers Market
9.4.5.4.1 Rest of Middle East and Africa Ultraviolet Stabilizers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Ultraviolet Stabilizers Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ultraviolet Stabilizers Market Overview
9.5.2 South and Central America Ultraviolet Stabilizers Market Forecasts and Analysis
9.5.3 South and Central America Ultraviolet Stabilizers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Ultraviolet Stabilizers Market Forecasts and Analysis - By Application
9.5.5 South and Central America Ultraviolet Stabilizers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ultraviolet Stabilizers Market
9.5.5.1.1 Brazil Ultraviolet Stabilizers Market by Type
9.5.5.1.2 Brazil Ultraviolet Stabilizers Market by Application
9.5.5.2 Argentina Ultraviolet Stabilizers Market
9.5.5.2.1 Argentina Ultraviolet Stabilizers Market by Type
9.5.5.2.2 Argentina Ultraviolet Stabilizers Market by Application
9.5.5.3 Rest of South and Central America Ultraviolet Stabilizers Market
9.5.5.3.1 Rest of South and Central America Ultraviolet Stabilizers Market by Type
9.5.5.3.2 Rest of South and Central America Ultraviolet Stabilizers 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. ULTRAVIOLET STABILIZERS MARKET, KEY COMPANY PROFILES
11.1. ADDIVANT
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. ADEKA CORPORATION
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. ATLANTA
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. BASF SE
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. CLARIANT
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. LYCUS LTD., LLC.
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. MAYZO, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SOLVAY
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. SONGWON
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. VALTRIS SPECIALTY CHEMICALS
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. Addivant
2. ADEKA CORPORATION
3. Atlanta
4. BASF SE
5. Clariant
6. Lycus Ltd., LLC.
7. Mayzo, Inc.
8. Solvay
9. SONGWON
10. Valtris Specialty Chemicals
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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