The Polyetherimide (PEI) Market is expected to register a CAGR of 6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The polyetherimide market report is segmented by grade (reinforced and unreinforced). The market is segmented based on the process type (injection molding, extrusion, thermoforming, and compression molding). The market is segmented based on the form (film, sheet, tube, rod, and others). The market is segmented based on the end-use industry (automotive, food and beverage, medical, marine, electronics, and others). The global analysis is further broken down at the 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, 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 Polyetherimide (PEI) 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.
Polyetherimide (PEI) Market Segmentation
Grade- Reinforced and Unreinforced
- Injection Molding
- Extrusion
- Thermoforming
- Compression Molding
- Film
- Sheet
- Tube
- Rod
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Polyetherimide (PEI) Market Growth Drivers- The Role of PEI in Advancing Automotive and Aerospace Engineering: The escalating use of high-performance materials in sectors such as automotive and aerospace engineering is one of the key factors propelling the growth of the global polyetherimide (PEI) market. Due to PEIs' exceptional mechanical strength, thermal stability as well and fire resistance, it is widely adopted in various critical engineering applications among other industries. For instance, PE is used in aerospace in such parts as the interior cabin of an aircraft, appliance parts of an engine and structural elements which bear extreme heat and pressure. The demand for PU is also growing due to the increased need for lightweight and fuel-efficient materials in automotive engineering, more so where there are electric vehicles and modern-day cars.
- Innovations in PEI Production Driving Market Expansion: There have been ongoing developments in chemical and polymer industries, including PEI which led to better production and formulation of PEI. New production techniques include eliminations aimed at making the production process cheaper and faster by focusing on the system with fewer wastes. Moreover, due to the modification of its existing features, such as flame retardancy, dimensional stability, and chemical resistance, there is an increased range of applications. This increases the range of sectors in which PEI can be employed, such as electronics, medical gadgets, and industrial devices, thereby enhancing its market growth.
- The Growing Demand for PEI in Electronics and Electrical Applications: Due to the expansion of the electronics and electrical industries, especially in telecommunications, consumer electronics, and medical devices, there is an increasing interest and demand for polymers such as PEI. The very high dielectric strength, low moisture uptake, and excellent insulating characteristics of PEI suggest its use in the production of electronics such as insulation materials.
- PEI's Role in Supporting Growth in EV and Renewable Energy Sectors: The electric vehicle (EV) and renewable energy (solar and wind) sectors are gaining ground, and so it is expected that PEI will be of great importance in these sectors. In particular, the growth in the use of electric vehicles (EVs) calls for heat-resistant and lightweight materials for battery casings, connectors, and motor parts. That is because of the high strength-to-weight ratio and the ability to withstand extreme temperatures, which meets the requirements of these applications very well. As this sector market expands, it is likely that the share of PEI in EV and renewable energy application markets will increase as well.
- Sustainability and Recycling Challenges in the PEI Market: Encouragingly, PEI high-performance thermoplastic. As well, it is and will be as with many materials, subject to the sustainability and recycling pressures of the plastic industry. Research is being directed at ways of improving PEI’s recyclability and devising more environmentally benign methods of manufacture, although this is not possible to the same degree as some other materials. In this respect, trends concerning “green chemistry” also the circular economies will most probably lead to the creation of bio-based versions and recyclable compounds. Thus, PEI will continue to be a useful resource for sectors that care for the environment.
- Advancements in Manufacturing Techniques Boosting PEI Applications: As the trend towards the miniaturization of electronics or automotive parts develops, PEI is on the ascend once again. Advanced manufacturing techniques such as, 3D printing and injection molding are being employed in the fabrication of components made from PEI of high accuracy and high complexity. Such Innovations create possibilities for the manufacture of components that are smaller, lighter, and more complex. This is in particular, true for the electronics and the medical fields.
- Aerospace and Defense Driving the Growth of PEI Applications: Aerospace and defense can be considered the major drivers for the growth of the PEI market. There's an encouraging trend in the appetite for lightweight, high-strength materials that can operate in harsh environments, which can benefit PEI manufacturers. As the space industry matures with advances in satellite technology, there is increasing application of PEI in heat shields, fuel systems and insulation engineering materials. The aircraft's weight reduction consideration due to improved fuel efficiency in the primary industry also increases the use of PEI parts in airframe and engine component manufacture.
- PEI's Medical Applications and Role in Advancing Healthcare Technology: Since PEI has high chemical resistance, biocompatibility, and high strength, it can be used in medical devices and related applications. PEI medical grade is particularly relevant because of its stability when subjected to the sterilization process. This is critical in manufacturing surgical tools, implants, and even imaging devices. Growth in the global medical devices market that is forecasted, more so with advances in procedures focusing on less operational invasiveness and combination with expanding health care, will augur well for the use of PEI in healthcare.
- 3D Printing and Additive Manufacturing Expanding PEI's Market Potential: There are other new applications created for high-performance polymers, such as PEI, due to the use of 3D printing and additive manufacturing processes. These technologies give precise tailoring of engineered components as well as the materials used, making it easier to employ PEI in sectors such as aerospace automotive, and medical production. The fact that PEI components can be produced with little or no lead time and minimal wastage supports the tendency of building up structures and manufacturing components on the site of the customer, which gives rise to new business opportunities
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyetherimide (PEI) 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 Polyetherimide (PEI) 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
Growth in electric vehicle and renewable energy sectors are expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polyethyerimide market due to the strong growth of the automotive industry.
Based on end-use industry, the automotive segment is expected to witness the fastest growth during the forecast period.
Demand for high-performance materials in aerospace and automotive is driving the market growth.
SABIC, Ensinger, GE Engineering Thermoplastics, Kuraray Europe, Mitsui Chemicals Inc., Polymer Industries, Rochling Group, RTP Company, Solvay SA, and Toray Industries are the key players operating in the polyetherimide market.
The Polyetherimide (PEI) Market is estimated to witness a CAGR of 6% 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 Polyetherimide (PEI) Market - By Grade
1.3.2 Polyetherimide (PEI) Market - By Process Type
1.3.3 Polyetherimide (PEI) Market - By Form
1.3.4 Polyetherimide (PEI) Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYETHERIMIDE (PEI) 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. POLYETHERIMIDE (PEI) 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. POLYETHERIMIDE (PEI) MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYETHERIMIDE (PEI) - GLOBAL MARKET OVERVIEW
6.2. POLYETHERIMIDE (PEI) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYETHERIMIDE (PEI) MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. REINFORCED
7.3.1. Overview
7.3.2. Reinforced Market Forecast and Analysis
7.4. UNREINFORCED
7.4.1. Overview
7.4.2. Unreinforced Market Forecast and Analysis
8. POLYETHERIMIDE (PEI) MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS TYPE
8.1. OVERVIEW
8.2. PROCESS TYPE MARKET FORECASTS AND ANALYSIS
8.3. INJECTION MOLDING
8.3.1. Overview
8.3.2. Injection Molding Market Forecast and Analysis
8.4. EXTRUSION
8.4.1. Overview
8.4.2. Extrusion Market Forecast and Analysis
8.5. THERMOFORMING
8.5.1. Overview
8.5.2. Thermoforming Market Forecast and Analysis
8.6. COMPRESSION MOLDING
8.6.1. Overview
8.6.2. Compression Molding Market Forecast and Analysis
9. POLYETHERIMIDE (PEI) MARKET - REVENUE AND FORECASTS TO 2028 - FORM
9.1. OVERVIEW
9.2. FORM MARKET FORECASTS AND ANALYSIS
9.3. FILM
9.3.1. Overview
9.3.2. Film Market Forecast and Analysis
9.4. SHEET
9.4.1. Overview
9.4.2. Sheet Market Forecast and Analysis
9.5. GRANULE
9.5.1. Overview
9.5.2. Granule Market Forecast and Analysis
9.6. TUBE
9.6.1. Overview
9.6.2. Tube Market Forecast and Analysis
9.7. ROD
9.7.1. Overview
9.7.2. Rod Market Forecast and Analysis
10. POLYETHERIMIDE (PEI) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Polyetherimide (PEI) Market Overview
10.1.2 North America Polyetherimide (PEI) Market Forecasts and Analysis
10.1.3 North America Polyetherimide (PEI) Market Forecasts and Analysis - By Grade
10.1.4 North America Polyetherimide (PEI) Market Forecasts and Analysis - By Process Type
10.1.5 North America Polyetherimide (PEI) Market Forecasts and Analysis - By Form
10.1.6 North America Polyetherimide (PEI) Market Forecasts and Analysis - By Countries
10.1.6.1 United States Polyetherimide (PEI) Market
10.1.6.1.1 United States Polyetherimide (PEI) Market by Grade
10.1.6.1.2 United States Polyetherimide (PEI) Market by Process Type
10.1.6.1.3 United States Polyetherimide (PEI) Market by Form
10.1.6.2 Canada Polyetherimide (PEI) Market
10.1.6.2.1 Canada Polyetherimide (PEI) Market by Grade
10.1.6.2.2 Canada Polyetherimide (PEI) Market by Process Type
10.1.6.2.3 Canada Polyetherimide (PEI) Market by Form
10.1.6.3 Mexico Polyetherimide (PEI) Market
10.1.6.3.1 Mexico Polyetherimide (PEI) Market by Grade
10.1.6.3.2 Mexico Polyetherimide (PEI) Market by Process Type
10.1.6.3.3 Mexico Polyetherimide (PEI) Market by Form
10.2. EUROPE
10.2.1 Europe Polyetherimide (PEI) Market Overview
10.2.2 Europe Polyetherimide (PEI) Market Forecasts and Analysis
10.2.3 Europe Polyetherimide (PEI) Market Forecasts and Analysis - By Grade
10.2.4 Europe Polyetherimide (PEI) Market Forecasts and Analysis - By Process Type
10.2.5 Europe Polyetherimide (PEI) Market Forecasts and Analysis - By Form
10.2.6 Europe Polyetherimide (PEI) Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Polyetherimide (PEI) Market
10.2.6.1.1 Germany Polyetherimide (PEI) Market by Grade
10.2.6.1.2 Germany Polyetherimide (PEI) Market by Process Type
10.2.6.1.3 Germany Polyetherimide (PEI) Market by Form
10.2.6.2 France Polyetherimide (PEI) Market
10.2.6.2.1 France Polyetherimide (PEI) Market by Grade
10.2.6.2.2 France Polyetherimide (PEI) Market by Process Type
10.2.6.2.3 France Polyetherimide (PEI) Market by Form
10.2.6.3 Italy Polyetherimide (PEI) Market
10.2.6.3.1 Italy Polyetherimide (PEI) Market by Grade
10.2.6.3.2 Italy Polyetherimide (PEI) Market by Process Type
10.2.6.3.3 Italy Polyetherimide (PEI) Market by Form
10.2.6.4 United Kingdom Polyetherimide (PEI) Market
10.2.6.4.1 United Kingdom Polyetherimide (PEI) Market by Grade
10.2.6.4.2 United Kingdom Polyetherimide (PEI) Market by Process Type
10.2.6.4.3 United Kingdom Polyetherimide (PEI) Market by Form
10.2.6.5 Russia Polyetherimide (PEI) Market
10.2.6.5.1 Russia Polyetherimide (PEI) Market by Grade
10.2.6.5.2 Russia Polyetherimide (PEI) Market by Process Type
10.2.6.5.3 Russia Polyetherimide (PEI) Market by Form
10.2.6.6 Rest of Europe Polyetherimide (PEI) Market
10.2.6.6.1 Rest of Europe Polyetherimide (PEI) Market by Grade
10.2.6.6.2 Rest of Europe Polyetherimide (PEI) Market by Process Type
10.2.6.6.3 Rest of Europe Polyetherimide (PEI) Market by Form
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Polyetherimide (PEI) Market Overview
10.3.2 Asia-Pacific Polyetherimide (PEI) Market Forecasts and Analysis
10.3.3 Asia-Pacific Polyetherimide (PEI) Market Forecasts and Analysis - By Grade
10.3.4 Asia-Pacific Polyetherimide (PEI) Market Forecasts and Analysis - By Process Type
10.3.5 Asia-Pacific Polyetherimide (PEI) Market Forecasts and Analysis - By Form
10.3.6 Asia-Pacific Polyetherimide (PEI) Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Polyetherimide (PEI) Market
10.3.6.1.1 Australia Polyetherimide (PEI) Market by Grade
10.3.6.1.2 Australia Polyetherimide (PEI) Market by Process Type
10.3.6.1.3 Australia Polyetherimide (PEI) Market by Form
10.3.6.2 China Polyetherimide (PEI) Market
10.3.6.2.1 China Polyetherimide (PEI) Market by Grade
10.3.6.2.2 China Polyetherimide (PEI) Market by Process Type
10.3.6.2.3 China Polyetherimide (PEI) Market by Form
10.3.6.3 India Polyetherimide (PEI) Market
10.3.6.3.1 India Polyetherimide (PEI) Market by Grade
10.3.6.3.2 India Polyetherimide (PEI) Market by Process Type
10.3.6.3.3 India Polyetherimide (PEI) Market by Form
10.3.6.4 Japan Polyetherimide (PEI) Market
10.3.6.4.1 Japan Polyetherimide (PEI) Market by Grade
10.3.6.4.2 Japan Polyetherimide (PEI) Market by Process Type
10.3.6.4.3 Japan Polyetherimide (PEI) Market by Form
10.3.6.5 South Korea Polyetherimide (PEI) Market
10.3.6.5.1 South Korea Polyetherimide (PEI) Market by Grade
10.3.6.5.2 South Korea Polyetherimide (PEI) Market by Process Type
10.3.6.5.3 South Korea Polyetherimide (PEI) Market by Form
10.3.6.6 Rest of Asia-Pacific Polyetherimide (PEI) Market
10.3.6.6.1 Rest of Asia-Pacific Polyetherimide (PEI) Market by Grade
10.3.6.6.2 Rest of Asia-Pacific Polyetherimide (PEI) Market by Process Type
10.3.6.6.3 Rest of Asia-Pacific Polyetherimide (PEI) Market by Form
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Polyetherimide (PEI) Market Overview
10.4.2 Middle East and Africa Polyetherimide (PEI) Market Forecasts and Analysis
10.4.3 Middle East and Africa Polyetherimide (PEI) Market Forecasts and Analysis - By Grade
10.4.4 Middle East and Africa Polyetherimide (PEI) Market Forecasts and Analysis - By Process Type
10.4.5 Middle East and Africa Polyetherimide (PEI) Market Forecasts and Analysis - By Form
10.4.6 Middle East and Africa Polyetherimide (PEI) Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Polyetherimide (PEI) Market
10.4.6.1.1 South Africa Polyetherimide (PEI) Market by Grade
10.4.6.1.2 South Africa Polyetherimide (PEI) Market by Process Type
10.4.6.1.3 South Africa Polyetherimide (PEI) Market by Form
10.4.6.2 Saudi Arabia Polyetherimide (PEI) Market
10.4.6.2.1 Saudi Arabia Polyetherimide (PEI) Market by Grade
10.4.6.2.2 Saudi Arabia Polyetherimide (PEI) Market by Process Type
10.4.6.2.3 Saudi Arabia Polyetherimide (PEI) Market by Form
10.4.6.3 U.A.E Polyetherimide (PEI) Market
10.4.6.3.1 U.A.E Polyetherimide (PEI) Market by Grade
10.4.6.3.2 U.A.E Polyetherimide (PEI) Market by Process Type
10.4.6.3.3 U.A.E Polyetherimide (PEI) Market by Form
10.4.6.4 Rest of Middle East and Africa Polyetherimide (PEI) Market
10.4.6.4.1 Rest of Middle East and Africa Polyetherimide (PEI) Market by Grade
10.4.6.4.2 Rest of Middle East and Africa Polyetherimide (PEI) Market by Process Type
10.4.6.4.3 Rest of Middle East and Africa Polyetherimide (PEI) Market by Form
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Polyetherimide (PEI) Market Overview
10.5.2 South and Central America Polyetherimide (PEI) Market Forecasts and Analysis
10.5.3 South and Central America Polyetherimide (PEI) Market Forecasts and Analysis - By Grade
10.5.4 South and Central America Polyetherimide (PEI) Market Forecasts and Analysis - By Process Type
10.5.5 South and Central America Polyetherimide (PEI) Market Forecasts and Analysis - By Form
10.5.6 South and Central America Polyetherimide (PEI) Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Polyetherimide (PEI) Market
10.5.6.1.1 Brazil Polyetherimide (PEI) Market by Grade
10.5.6.1.2 Brazil Polyetherimide (PEI) Market by Process Type
10.5.6.1.3 Brazil Polyetherimide (PEI) Market by Form
10.5.6.2 Argentina Polyetherimide (PEI) Market
10.5.6.2.1 Argentina Polyetherimide (PEI) Market by Grade
10.5.6.2.2 Argentina Polyetherimide (PEI) Market by Process Type
10.5.6.2.3 Argentina Polyetherimide (PEI) Market by Form
10.5.6.3 Rest of South and Central America Polyetherimide (PEI) Market
10.5.6.3.1 Rest of South and Central America Polyetherimide (PEI) Market by Grade
10.5.6.3.2 Rest of South and Central America Polyetherimide (PEI) Market by Process Type
10.5.6.3.3 Rest of South and Central America Polyetherimide (PEI) Market by Form
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. POLYETHERIMIDE (PEI) MARKET, KEY COMPANY PROFILES
12.1. SABIC
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. ENSINGER
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. GE ENGINEERING THERMOPLASTICS
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. KURARAY EUROPE
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. MITSUI CHEMICALS, INC.
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. POLYMER INDUSTRIES
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. ROCHLING GROUP
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. RTP COMPANY
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. SOLVAY SA
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. TORAY INDUSTRIES
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. SABIC
2. Ensinger
3. GE Engineering Thermoplastics
4. Kuraray Europe
5. Mitsui Chemicals, Inc.
6. Polymer Industries
7. Rochling Group
8. RTP Company
9. Solvay SA
10. Toray Industries
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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