The Unsaturated Polyester Resins Market is expected to register a CAGR of 4.8% 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 (ortho-resins, iso resins, dicyclopentadiene, and others). The report is further segmented by end-user industry (building and construction, chemical, electrical and electronics, paints and coatings, transportation, 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 Unsaturated Polyester Resins 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.
Unsaturated Polyester Resins Market Segmentation
Type- Ortho-resins
- Iso resins
- Dicyclopentadiene
- Building and Construction
- Chemical
- Electrical and Electronics
- Paints and Coatings
- Transportation
Strategic Insights
Unsaturated Polyester Resins Market Growth Drivers- Construction industry growth: The unsaturated polyester resins market is primarily driven by the global construction industry. UPRs are used in great quantity in the production of composite materials for roofing, pipes, insulation, and reinforced concrete applications. Consumption in the construction industry is expected to be boosted by a continuing trend in rising need for durable, lightweight, and cost-effective construction materials, particularly in emerging economies experiencing ongoing urbanization. The strength, flexibility, and usage flexibility of UPRs make them a favorite item in building materials.
- Usage of UPRs in the automotive industries: Another driving factor for growth in UPRs is the automotive industry. Unsaturated polyester resins are commonly employed for the mass production of lighter auto parts such as body panels, bumpers, and interior parts, as well as electrical and electronic components for vehicle applications. Growing concern over fuel efficiency and strict environmental regulations have made light vehicle manufacturing the focal point of automobile manufacturers, hence more UPR-based composite materials is in high demand.
- Technological advancements in resins: Advances in resin technology, particularly about more environmentally friendly and more sustainable formulations, are pushing the growth of the UPR market. For instance, bio-based and low-VOC UPRs are gaining enhanced properties while affecting the rigidly increasing environmental laws. These innovations- be it for the purpose of meeting higher sustainability needs or for improving performance characteristics-can well improve the overall quality and versatility of UPRs in various end-use industries.
- Bio-based unsaturated polyester resins: Rise in environmental consciousness and awareness among consumers and manufacturers alike, there has been a tendency towards bio-based unsaturated polyester resins. Bio-based resins, developed from renewable raw materials such as plant oils and by-products from agriculture, offer reduced carbon footprints; today, this is becoming popular in the automotive, construction, and wind energy industries, among others. However, with technology advancement and decreasing raw materials cost, bio-based UPRs will be more mainstream.
- Composite manufacturing using unsaturated polyester resins: The demand for composite materials made of unsaturated polyester resins has grown significantly within the past few years. Across automotive, aerospace, and marine sectors, its usage is gaining the status of a significant development going forward. Composite materials based on UPRs are under wide use to achieve a better strength-to-weight ratio, corrosion resistance, and greater flexibility in design for high-performance applications. Expected to drive the market for UPRs is the demand for products that will be lightweight as well as durable and based on composites.
- Focus on renewable energy: The focus on renewable sources of energy holds immense promise for the UPR market, particularly for wind energy. Unsaturated polyester resins are ideal for the production of composite materials for blades in wind turbines because of its high strength and durability. The worldwide thrust into clean energy is expected to make wind turbines take a giant leap forward in the coming years, bringing massive potential for UPR suppliers to fulfill this growing demand.
- Growing demand from emerging markets: Emerging markets - India, China, and Brazil - are very promising in terms of increased demands for unsaturated polyester resins, given the rapid pace of industrialization and urbanization. Countries are investing in massive infrastructure, automotive manufacturing, and consumer goods production, where applications of composite materials come to the fore. There are new opportunities in these unexplored regions and can easily become a strategic entry point for UPR manufacturers to new markets.
- 3D printed unsaturated polyester resins: Unsaturated polyester resins are gaining new applications in 3D printing and additive manufacturing. With such properties, UPRs are going forward with a rising adoption rate in 3D printing through integration in industries related to the automobile, aerospace, and healthcare sectors. With such customizable properties, UPRs have become an alternative versatile material choice for 3D printing applications, for which manufacturers can produce intricate and lightweight parts. Thus, the rapid growth of this 3D printing industry raises even higher the demand for UPRs, raising the significance of this material.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Unsaturated Polyester Resins 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 Unsaturated Polyester Resins 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
Increase in composite materials usage 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 unsaturated polyester resins is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
BASF SE, Ashland Inc, ALLNEX GMBH, Reichhold Inc, Scott Bader Company Ltd, UPC Technology Corp, U-Pica Company Ltd, AOC LLC, Zhangzhou Yabang Chemical Co Ltd, and Showa Denko KK
The major factors driving the unsaturated polyester resins market are:
1. Increasing Demand from the Construction Industry.
2. Growth in Automotive and Transportation Sectors.
The Unsaturated Polyester Resins Market is estimated to witness a CAGR of 4.8% 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 Unsaturated Polyester Resins Market - By Type
1.3.2 Unsaturated Polyester Resins Market - By End-Use Industry
1.3.3 Unsaturated Polyester Resins Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UNSATURATED POLYESTER RESINS 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. UNSATURATED POLYESTER RESINS 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. UNSATURATED POLYESTER RESINS MARKET - GLOBAL MARKET ANALYSIS
6.1. UNSATURATED POLYESTER RESINS - GLOBAL MARKET OVERVIEW
6.2. UNSATURATED POLYESTER RESINS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. UNSATURATED POLYESTER RESINS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORTHOPHTHALIC RESINS
7.3.1. Overview
7.3.2. Orthophthalic Resins Market Forecast and Analysis
7.4. ISOPHTHALIC RESINS
7.4.1. Overview
7.4.2. Isophthalic Resins Market Forecast and Analysis
7.5. DICYCLOPENTADIENE (DCPD) RESINS
7.5.1. Overview
7.5.2. Dicyclopentadiene (Dcpd) Resins Market Forecast and Analysis
7.6. OTHER
7.6.1. Overview
7.6.2. Other Market Forecast and Analysis
8. UNSATURATED POLYESTER RESINS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AND CONSTRUCTION
8.3.1. Overview
8.3.2. Building and Construction Market Forecast and Analysis
8.4. WIND ENERGY
8.4.1. Overview
8.4.2. Wind Energy Market Forecast and Analysis
8.5. MARINE
8.5.1. Overview
8.5.2. Marine Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. UNSATURATED POLYESTER RESINS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Unsaturated Polyester Resins Market Overview
9.1.2 North America Unsaturated Polyester Resins Market Forecasts and Analysis
9.1.3 North America Unsaturated Polyester Resins Market Forecasts and Analysis - By Type
9.1.4 North America Unsaturated Polyester Resins Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Unsaturated Polyester Resins Market Forecasts and Analysis - By Countries
9.1.5.1 United States Unsaturated Polyester Resins Market
9.1.5.1.1 United States Unsaturated Polyester Resins Market by Type
9.1.5.1.2 United States Unsaturated Polyester Resins Market by End-Use Industry
9.1.5.2 Canada Unsaturated Polyester Resins Market
9.1.5.2.1 Canada Unsaturated Polyester Resins Market by Type
9.1.5.2.2 Canada Unsaturated Polyester Resins Market by End-Use Industry
9.1.5.3 Mexico Unsaturated Polyester Resins Market
9.1.5.3.1 Mexico Unsaturated Polyester Resins Market by Type
9.1.5.3.2 Mexico Unsaturated Polyester Resins Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Unsaturated Polyester Resins Market Overview
9.2.2 Europe Unsaturated Polyester Resins Market Forecasts and Analysis
9.2.3 Europe Unsaturated Polyester Resins Market Forecasts and Analysis - By Type
9.2.4 Europe Unsaturated Polyester Resins Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Unsaturated Polyester Resins Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Unsaturated Polyester Resins Market
9.2.5.1.1 Germany Unsaturated Polyester Resins Market by Type
9.2.5.1.2 Germany Unsaturated Polyester Resins Market by End-Use Industry
9.2.5.2 France Unsaturated Polyester Resins Market
9.2.5.2.1 France Unsaturated Polyester Resins Market by Type
9.2.5.2.2 France Unsaturated Polyester Resins Market by End-Use Industry
9.2.5.3 Italy Unsaturated Polyester Resins Market
9.2.5.3.1 Italy Unsaturated Polyester Resins Market by Type
9.2.5.3.2 Italy Unsaturated Polyester Resins Market by End-Use Industry
9.2.5.4 United Kingdom Unsaturated Polyester Resins Market
9.2.5.4.1 United Kingdom Unsaturated Polyester Resins Market by Type
9.2.5.4.2 United Kingdom Unsaturated Polyester Resins Market by End-Use Industry
9.2.5.5 Russia Unsaturated Polyester Resins Market
9.2.5.5.1 Russia Unsaturated Polyester Resins Market by Type
9.2.5.5.2 Russia Unsaturated Polyester Resins Market by End-Use Industry
9.2.5.6 Rest of Europe Unsaturated Polyester Resins Market
9.2.5.6.1 Rest of Europe Unsaturated Polyester Resins Market by Type
9.2.5.6.2 Rest of Europe Unsaturated Polyester Resins Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Unsaturated Polyester Resins Market Overview
9.3.2 Asia-Pacific Unsaturated Polyester Resins Market Forecasts and Analysis
9.3.3 Asia-Pacific Unsaturated Polyester Resins Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Unsaturated Polyester Resins Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Unsaturated Polyester Resins Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Unsaturated Polyester Resins Market
9.3.5.1.1 Australia Unsaturated Polyester Resins Market by Type
9.3.5.1.2 Australia Unsaturated Polyester Resins Market by End-Use Industry
9.3.5.2 China Unsaturated Polyester Resins Market
9.3.5.2.1 China Unsaturated Polyester Resins Market by Type
9.3.5.2.2 China Unsaturated Polyester Resins Market by End-Use Industry
9.3.5.3 India Unsaturated Polyester Resins Market
9.3.5.3.1 India Unsaturated Polyester Resins Market by Type
9.3.5.3.2 India Unsaturated Polyester Resins Market by End-Use Industry
9.3.5.4 Japan Unsaturated Polyester Resins Market
9.3.5.4.1 Japan Unsaturated Polyester Resins Market by Type
9.3.5.4.2 Japan Unsaturated Polyester Resins Market by End-Use Industry
9.3.5.5 South Korea Unsaturated Polyester Resins Market
9.3.5.5.1 South Korea Unsaturated Polyester Resins Market by Type
9.3.5.5.2 South Korea Unsaturated Polyester Resins Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Unsaturated Polyester Resins Market
9.3.5.6.1 Rest of Asia-Pacific Unsaturated Polyester Resins Market by Type
9.3.5.6.2 Rest of Asia-Pacific Unsaturated Polyester Resins Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Unsaturated Polyester Resins Market Overview
9.4.2 Middle East and Africa Unsaturated Polyester Resins Market Forecasts and Analysis
9.4.3 Middle East and Africa Unsaturated Polyester Resins Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Unsaturated Polyester Resins Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Unsaturated Polyester Resins Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Unsaturated Polyester Resins Market
9.4.5.1.1 South Africa Unsaturated Polyester Resins Market by Type
9.4.5.1.2 South Africa Unsaturated Polyester Resins Market by End-Use Industry
9.4.5.2 Saudi Arabia Unsaturated Polyester Resins Market
9.4.5.2.1 Saudi Arabia Unsaturated Polyester Resins Market by Type
9.4.5.2.2 Saudi Arabia Unsaturated Polyester Resins Market by End-Use Industry
9.4.5.3 U.A.E Unsaturated Polyester Resins Market
9.4.5.3.1 U.A.E Unsaturated Polyester Resins Market by Type
9.4.5.3.2 U.A.E Unsaturated Polyester Resins Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Unsaturated Polyester Resins Market
9.4.5.4.1 Rest of Middle East and Africa Unsaturated Polyester Resins Market by Type
9.4.5.4.2 Rest of Middle East and Africa Unsaturated Polyester Resins Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Unsaturated Polyester Resins Market Overview
9.5.2 South and Central America Unsaturated Polyester Resins Market Forecasts and Analysis
9.5.3 South and Central America Unsaturated Polyester Resins Market Forecasts and Analysis - By Type
9.5.4 South and Central America Unsaturated Polyester Resins Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Unsaturated Polyester Resins Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Unsaturated Polyester Resins Market
9.5.5.1.1 Brazil Unsaturated Polyester Resins Market by Type
9.5.5.1.2 Brazil Unsaturated Polyester Resins Market by End-Use Industry
9.5.5.2 Argentina Unsaturated Polyester Resins Market
9.5.5.2.1 Argentina Unsaturated Polyester Resins Market by Type
9.5.5.2.2 Argentina Unsaturated Polyester Resins Market by End-Use Industry
9.5.5.3 Rest of South and Central America Unsaturated Polyester Resins Market
9.5.5.3.1 Rest of South and Central America Unsaturated Polyester Resins Market by Type
9.5.5.3.2 Rest of South and Central America Unsaturated Polyester Resins Market by End-Use Industry
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. UNSATURATED POLYESTER RESINS MARKET, KEY COMPANY PROFILES
11.1. AOC LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASHLAND INC.
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. BASF SE
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. NUPLEX INDUSTRIES LTD.
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. POLYNT
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. REICHHOLD INC.
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. ROYAL DSM
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. SCOTT BADER COMPANY 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. UPC TECHNOLOGY CORP.
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. U-PICA COMPANY LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aoc Llc
2. Ashland Inc.
3. BASF SE
4. Nuplex Industries Ltd.
5 .Polynt
6. Reichhold Inc.
7. Royal Dsm
8. Scott Bader Company Ltd.
9. Upc Technology Corp.
10. U-Pica Company Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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