The Propylene Oxide Market is expected to register a CAGR of 5.4% 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 production process (chlorohydrin process, ethylbenzene hydroperoxide with tert-butyl alcohol co-product, cumene hydroperoxide process, ethylbenzene hydroperoxide with styrene co-product, and epoxidation with hydrogen peroxide). The report is segmented by application (polyether polyols, polyether polyols glycol ethers, and others). The report further presents an analysis based on the end-use industry (automotive, building and construction, textile and furnishing, chemical and pharmaceutical, packaging, electronics, 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 Propylene Oxide 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.
Propylene Oxide Market Segmentation
Production Process- Chlorohydrin Process
- Ethylbenzene Hydroperoxide with Tert-Butyl Alcohol Co-Product
- Cumene Hydroperoxide Process
- Ethylbenzene Hydroperoxide with Styrene Co-Product
- Epoxidation with Hydrogen Peroxide
- Polyether Polyols
- Polyether Polyols Glycol Ethers
- Automotive
- Building and Construction
- Textile and Furnishing
- Chemical and Pharmaceutical
- Packaging
- Electronics
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Propylene Oxide Market Growth Drivers- Growing Demand from Automotive Industry: In the automobile sector, demand for the material is highly significant due to the use of polyurethane foams as cushioning agents in automotive seats, headrests, and other fixtures installed in the automobile's interior. Lighter, more energy-efficient, and more environment-conscious automobiles make a demand for propylene oxide-based materials. Weight loss by propylene oxide-based polyurethane foams will promote energy efficiency and increased comfort and consequently boost demand for the market in the automotive industry.
- Construction Industry Growth: Propylene oxide is also an important raw material in the manufacture of polyurethane, which is abundant in construction materials, such as insulation, adhesives, and sealants. The ever-increasing population across the globe and rapid urbanization have created a need for residential, commercial, and industrial construction. These trends push the demand for propylene oxide in producing energy-efficient materials, especially for insulation products that help reduce the consumption of energy in buildings. Expansion in green building standards and sustainability initiatives also boost demand in the construction sector.
- Increasing Demand from Consumer Goods and Personal Care: Propylene oxide derivatives, such as propylene glycol, are extensively used in personal care, food additives, and pharmaceuticals. Nontoxic propylene oxide-based chemicals for all kinds of applications are on the increase with increasing demand for more natural and environment-friendly products. Middle-class growth in most parts of the world leads to disposable income, which eventually trickles into increased consumption of consumer goods, raising the demand for propylene oxide.
- Shift Toward Bio-Based Production: There is a significant trend of going towards bio-based process developments and adoptions as well for the production of propylene oxide, where propylene oxide production in its classical routes, like chlorohydrin and PO/SM, are considered a more chemically intensive route and generates various concerns of the environment. On the other hand, bio-based methods for the production of propylene oxide, such as HP, have been taken up to be a more friendly environment. The market is witnessing rising investments in sustainable technologies and innovations aimed at reducing the carbon footprint associated with the production of propylene oxide.
- Use in Electronics and Packaging: Propylene oxide-based products, especially polyurethane foams, are increasingly used in electronics and packaging industries. As the demand for protection packaging solutions to prevent damage to sensitive electronic devices in transport and storage expands, the demand for propylene oxide-derived materials will grow.
- Industry Consolidation and Strategic Alliances: The propylene oxide industry has witnessed a series of mergers, acquisitions, and strategic alliances among the market leader companies to strengthen their position in the market. The competition is now shifting focus to increasing the scope of production and product range while responding to the growing demand for propylene oxide derivatives. This seems to be changing the competitive dynamics towards more integrated value chains that allow cost savings and improve process efficiency.
- Expansion in Pharmaceutical Applications: Propylene oxide and propylene glycol are among the most widely used excipients in various pharmaceutical products. Oral, topical, and injectable drugs often use propylene oxide along with its derivatives. The growing global concern about health, the aging populace, and increased healthcare spending create numerous opportunities for propylene-based products in the pharmaceutical space. Increasing demand for vaccines and biologics is also an area that will boost propylene oxides in drug formulations.
- Opportunities in Emerging Economies: High growth potential in the propylene oxide market is offered by emerging economies such as China, India, and Brazil due to their accelerating industrialization and infrastructure development. This would also increase automobile and construction material demand in these regions, thereby fueling the growth of the market. As these economies continue to industrialize, applications for propylene oxide in several end-use industries will continue to increase, thereby opening up significant opportunities for market players.
- Focus on Sustainable Production Technologies: Increasing pressure on companies to reduce their ecological footprint and production costs opens more possibilities to even more efficient and less harmful production technologies. Therefore, new catalysts, processes, and innovative solutions are considered in terms of increasing propylene oxide yields. Companies have an assurance in terms of investment into R&D and technological developments that will allow them to continue to be competitive and provide room for sustainable products, which are increasingly in demand.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Propylene Oxide 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 Propylene Oxide Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift toward sustainable and bio-based propylene oxide production is expected to be the key market trend.
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 propylene oxide market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Balchem Inc, DuPont de Nemours Inc, Dow Inc, LyondellBasell Industries Holdings BV, BASF SE, Sumitomo Chemical Co Ltd, SABIC, Air Products Inc, Huntsman International LLC, and Shell Plc
The major factors driving the propylene oxide market are:
1. Growing Demand from the Automotive Industry.
2. Rise in Demand for Propylene Oxide-Based Products in Consumer Goods.
The Propylene Oxide Market is estimated to witness a CAGR of 5.4% 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 Propylene Oxide Market - By Application
1.3.2 Propylene Oxide Market - By End Use Industry
1.3.3 Propylene Oxide Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PROPYLENE OXIDE 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. PROPYLENE OXIDE 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. PROPYLENE OXIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. PROPYLENE OXIDE - GLOBAL MARKET OVERVIEW
6.2. PROPYLENE OXIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROPYLENE OXIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. POLYETHER POLYOLS
7.3.1. Overview
7.3.2. Polyether Polyols Market Forecast and Analysis
7.4. PROPYLENE GLYCOL
7.4.1. Overview
7.4.2. Propylene Glycol Market Forecast and Analysis
7.5. PROPYLENE GLYCOL
7.5.1. Overview
7.5.2. Propylene Glycol Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PROPYLENE OXIDE MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. PAINTS AND COATINGS
8.4.1. Overview
8.4.2. Paints and Coatings Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. FOOD
8.6.1. Overview
8.6.2. Food Market Forecast and Analysis
8.7. TRANSPORTATION
8.7.1. Overview
8.7.2. Transportation Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PROPYLENE OXIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Propylene Oxide Market Overview
9.1.2 North America Propylene Oxide Market Forecasts and Analysis
9.1.3 North America Propylene Oxide Market Forecasts and Analysis - By Application
9.1.4 North America Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Propylene Oxide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Propylene Oxide Market
9.1.5.1.1 United States Propylene Oxide Market by Application
9.1.5.1.2 United States Propylene Oxide Market by End Use Industry
9.1.5.2 Canada Propylene Oxide Market
9.1.5.2.1 Canada Propylene Oxide Market by Application
9.1.5.2.2 Canada Propylene Oxide Market by End Use Industry
9.1.5.3 Mexico Propylene Oxide Market
9.1.5.3.1 Mexico Propylene Oxide Market by Application
9.1.5.3.2 Mexico Propylene Oxide Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Propylene Oxide Market Overview
9.2.2 Europe Propylene Oxide Market Forecasts and Analysis
9.2.3 Europe Propylene Oxide Market Forecasts and Analysis - By Application
9.2.4 Europe Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Propylene Oxide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Propylene Oxide Market
9.2.5.1.1 Germany Propylene Oxide Market by Application
9.2.5.1.2 Germany Propylene Oxide Market by End Use Industry
9.2.5.2 France Propylene Oxide Market
9.2.5.2.1 France Propylene Oxide Market by Application
9.2.5.2.2 France Propylene Oxide Market by End Use Industry
9.2.5.3 Italy Propylene Oxide Market
9.2.5.3.1 Italy Propylene Oxide Market by Application
9.2.5.3.2 Italy Propylene Oxide Market by End Use Industry
9.2.5.4 United Kingdom Propylene Oxide Market
9.2.5.4.1 United Kingdom Propylene Oxide Market by Application
9.2.5.4.2 United Kingdom Propylene Oxide Market by End Use Industry
9.2.5.5 Russia Propylene Oxide Market
9.2.5.5.1 Russia Propylene Oxide Market by Application
9.2.5.5.2 Russia Propylene Oxide Market by End Use Industry
9.2.5.6 Rest of Europe Propylene Oxide Market
9.2.5.6.1 Rest of Europe Propylene Oxide Market by Application
9.2.5.6.2 Rest of Europe Propylene Oxide Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Propylene Oxide Market Overview
9.3.2 Asia-Pacific Propylene Oxide Market Forecasts and Analysis
9.3.3 Asia-Pacific Propylene Oxide Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Propylene Oxide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Propylene Oxide Market
9.3.5.1.1 Australia Propylene Oxide Market by Application
9.3.5.1.2 Australia Propylene Oxide Market by End Use Industry
9.3.5.2 China Propylene Oxide Market
9.3.5.2.1 China Propylene Oxide Market by Application
9.3.5.2.2 China Propylene Oxide Market by End Use Industry
9.3.5.3 India Propylene Oxide Market
9.3.5.3.1 India Propylene Oxide Market by Application
9.3.5.3.2 India Propylene Oxide Market by End Use Industry
9.3.5.4 Japan Propylene Oxide Market
9.3.5.4.1 Japan Propylene Oxide Market by Application
9.3.5.4.2 Japan Propylene Oxide Market by End Use Industry
9.3.5.5 South Korea Propylene Oxide Market
9.3.5.5.1 South Korea Propylene Oxide Market by Application
9.3.5.5.2 South Korea Propylene Oxide Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Propylene Oxide Market
9.3.5.6.1 Rest of Asia-Pacific Propylene Oxide Market by Application
9.3.5.6.2 Rest of Asia-Pacific Propylene Oxide Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Propylene Oxide Market Overview
9.4.2 Middle East and Africa Propylene Oxide Market Forecasts and Analysis
9.4.3 Middle East and Africa Propylene Oxide Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Propylene Oxide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Propylene Oxide Market
9.4.5.1.1 South Africa Propylene Oxide Market by Application
9.4.5.1.2 South Africa Propylene Oxide Market by End Use Industry
9.4.5.2 Saudi Arabia Propylene Oxide Market
9.4.5.2.1 Saudi Arabia Propylene Oxide Market by Application
9.4.5.2.2 Saudi Arabia Propylene Oxide Market by End Use Industry
9.4.5.3 U.A.E Propylene Oxide Market
9.4.5.3.1 U.A.E Propylene Oxide Market by Application
9.4.5.3.2 U.A.E Propylene Oxide Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Propylene Oxide Market
9.4.5.4.1 Rest of Middle East and Africa Propylene Oxide Market by Application
9.4.5.4.2 Rest of Middle East and Africa Propylene Oxide Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Propylene Oxide Market Overview
9.5.2 South and Central America Propylene Oxide Market Forecasts and Analysis
9.5.3 South and Central America Propylene Oxide Market Forecasts and Analysis - By Application
9.5.4 South and Central America Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Propylene Oxide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Propylene Oxide Market
9.5.5.1.1 Brazil Propylene Oxide Market by Application
9.5.5.1.2 Brazil Propylene Oxide Market by End Use Industry
9.5.5.2 Argentina Propylene Oxide Market
9.5.5.2.1 Argentina Propylene Oxide Market by Application
9.5.5.2.2 Argentina Propylene Oxide Market by End Use Industry
9.5.5.3 Rest of South and Central America Propylene Oxide Market
9.5.5.3.1 Rest of South and Central America Propylene Oxide Market by Application
9.5.5.3.2 Rest of South and Central America Propylene Oxide 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. PROPYLENE OXIDE MARKET, KEY COMPANY PROFILES
11.1. AGC CHEMICALS
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. BASF SE
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. HUNTSMAN INTERNATIONAL LLC.
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. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
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. REPSOL
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. ROYAL DUTCH SHELL
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. SK CHEMICALS
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. SUMITOMO CHEMICAL CO., 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. THE DOW CHEMICALS
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. TOKUYAMA CORPORATION
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. AGC Chemicals
2. BASF SE
3. Huntsman International LLC.
4. LyondellBasell Industries Holdings B.V.
5. Repsol
6. Royal Dutch Shell
7. SK Chemicals
8. Sumitomo Chemical Co., Ltd.
9. The Dow Chemicals
10. Tokuyama Corporation
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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