Liquid Biofuels Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Liquid Biofuels Market covers analysis By Product (Biodiesel, Bioethanol, Others); Application (Transportation Fuel, Power Generation, Thermal Heating) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00029646
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW
Non-renewable energy sources like oil, petroleum gas, and coal are taken from profound inside the earth, and used to drive vehicles, heat structures, and produce power. Oil can likewise be utilized to make oil based synthetic compounds (petrochemicals), which are found in numerous regular things like the soles of your shoes or the plastic front of your school transport seat. The beneficial thing about petroleum derivatives is that they are very vitality thick, i.e., they contain a ton of vitality for each unit of volume. This implies non-renewable energy sources are truly adept at driving vehicles and producing heat. The not very great thing about petroleum products is that the earth has a restricted measure of them. This has created a massive demand for biofuels to cater to necessity of propulsion fuel. Owing to this demand the global liquid biofuel market is expected to grow substantially in coming years.

MARKET SCOPE
The "Global Liquid biofuels Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Liquid biofuels market with detailed market segmentation by product, application, and geography. The global Liquid biofuels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Liquid biofuels market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  The global Liquid biofuels market is segmented on the basis of product, and application.
  •  On the basis of product, the Liquid biofuels market is segmented into biodiesel, bioethanol, and others.
  •  Similarly, on the basis of application the Liquid biofuels market is bifurcated into transportation fuel, power generation, and thermal heating.


MARKET DYNAMICS

Drivers:
    -
  •  Biofuels are expected to observe a growth in demand on account of their potential to reduce or eliminate dependency on fossil fuels. These are cleaner energy alternatives, which result in zero carbon dioxide emissions on combustion and make use of the plant-based raw materials for their production.
  •  Diminishing fossil fuel-based resources and rising awareness regarding environment protection are factors likely to drive the market.
Restraints:
    -
  •  The outbreak of the COVID-19 contagion has hovered to beget long- term damage on numerous industries. One of them is the transport industry, which is passing sharp decline in demand.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Liquid biofuels oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Liquid biofuels oil market in these regions.

IMPACT OF COVID-19 ON LIQUID BIOFUELS MARKET
The global liquid biofuels industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the liquid biofuels market revenue in 2020. The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2020.
However, the negative impact of COVID-19 on the liquid biofuels market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for liquid biofuels products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Liquid biofuels oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Liquid biofuels oil market in these regions.

IMPACT OF COVID-19 ON LIQUID BIOFUELS MARKET
The global liquid biofuels industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the liquid biofuels market revenue in 2020. The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2020.
However, the negative impact of COVID-19 on the liquid biofuels market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for liquid biofuels products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain

MARKET PLAYERS
The report covers key developments in the Liquid biofuels oil market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Liquid biofuels oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Liquid biofuels market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Liquid biofuels market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  Bangchak Corporation Public Company Limited
  •  Renewable Energy Group, Inc.
  •  Bunge
  •  Green Biologics Limited
  •  CropEnergies AG
  •  Algenol
  •  Emami Agrotech Limited
  •  Eniven Group
  •  World Energy Alternatives LLC
  •  Bio-Oils Energy.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Liquid Biofuels Market - By Product
1.3.2 Liquid Biofuels Market - By Application
1.3.3 Liquid Biofuels Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LIQUID BIOFUELS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. LIQUID BIOFUELS 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. LIQUID BIOFUELS MARKET - GLOBAL MARKET ANALYSIS
6.1. LIQUID BIOFUELS - GLOBAL MARKET OVERVIEW
6.2. LIQUID BIOFUELS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. LIQUID BIOFUELS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BIODIESEL
7.3.1. Overview
7.3.2. Biodiesel Market Forecast and Analysis
7.4. BIOETHANOL
7.4.1. Overview
7.4.2. Bioethanol Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. LIQUID BIOFUELS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION FUEL
8.3.1. Overview
8.3.2. Transportation Fuel Market Forecast and Analysis
8.4. POWER GENERATION
8.4.1. Overview
8.4.2. Power Generation Market Forecast and Analysis
8.5. THERMAL HEATING
8.5.1. Overview
8.5.2. Thermal Heating Market Forecast and Analysis

9. LIQUID BIOFUELS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Liquid Biofuels Market Overview
9.1.2 North America Liquid Biofuels Market Forecasts and Analysis
9.1.3 North America Liquid Biofuels Market Forecasts and Analysis - By Product
9.1.4 North America Liquid Biofuels Market Forecasts and Analysis - By Application
9.1.5 North America Liquid Biofuels Market Forecasts and Analysis - By Countries
9.1.5.1 United States Liquid Biofuels Market
9.1.5.1.1 United States Liquid Biofuels Market by Product
9.1.5.1.2 United States Liquid Biofuels Market by Application
9.1.5.2 Canada Liquid Biofuels Market
9.1.5.2.1 Canada Liquid Biofuels Market by Product
9.1.5.2.2 Canada Liquid Biofuels Market by Application
9.1.5.3 Mexico Liquid Biofuels Market
9.1.5.3.1 Mexico Liquid Biofuels Market by Product
9.1.5.3.2 Mexico Liquid Biofuels Market by Application
9.1.5.4 US Liquid Biofuels Market
9.1.5.4.1 US Liquid Biofuels Market by Product
9.1.5.4.2 US Liquid Biofuels Market by Application
9.2. EUROPE
9.2.1 Europe Liquid Biofuels Market Overview
9.2.2 Europe Liquid Biofuels Market Forecasts and Analysis
9.2.3 Europe Liquid Biofuels Market Forecasts and Analysis - By Product
9.2.4 Europe Liquid Biofuels Market Forecasts and Analysis - By Application
9.2.5 Europe Liquid Biofuels Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Liquid Biofuels Market
9.2.5.1.1 Germany Liquid Biofuels Market by Product
9.2.5.1.2 Germany Liquid Biofuels Market by Application
9.2.5.2 France Liquid Biofuels Market
9.2.5.2.1 France Liquid Biofuels Market by Product
9.2.5.2.2 France Liquid Biofuels Market by Application
9.2.5.3 Italy Liquid Biofuels Market
9.2.5.3.1 Italy Liquid Biofuels Market by Product
9.2.5.3.2 Italy Liquid Biofuels Market by Application
9.2.5.4 Spain Liquid Biofuels Market
9.2.5.4.1 Spain Liquid Biofuels Market by Product
9.2.5.4.2 Spain Liquid Biofuels Market by Application
9.2.5.5 United Kingdom Liquid Biofuels Market
9.2.5.5.1 United Kingdom Liquid Biofuels Market by Product
9.2.5.5.2 United Kingdom Liquid Biofuels Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Liquid Biofuels Market Overview
9.3.2 Asia-Pacific Liquid Biofuels Market Forecasts and Analysis
9.3.3 Asia-Pacific Liquid Biofuels Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Liquid Biofuels Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Liquid Biofuels Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Liquid Biofuels Market
9.3.5.1.1 Australia Liquid Biofuels Market by Product
9.3.5.1.2 Australia Liquid Biofuels Market by Application
9.3.5.2 China Liquid Biofuels Market
9.3.5.2.1 China Liquid Biofuels Market by Product
9.3.5.2.2 China Liquid Biofuels Market by Application
9.3.5.3 India Liquid Biofuels Market
9.3.5.3.1 India Liquid Biofuels Market by Product
9.3.5.3.2 India Liquid Biofuels Market by Application
9.3.5.4 Japan Liquid Biofuels Market
9.3.5.4.1 Japan Liquid Biofuels Market by Product
9.3.5.4.2 Japan Liquid Biofuels Market by Application
9.3.5.5 Rest of Asia-Pacific Liquid Biofuels Market
9.3.5.5.1 Rest of Asia-Pacific Liquid Biofuels Market by Product
9.3.5.5.2 Rest of Asia-Pacific Liquid Biofuels Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Liquid Biofuels Market Overview
9.4.2 Middle East and Africa Liquid Biofuels Market Forecasts and Analysis
9.4.3 Middle East and Africa Liquid Biofuels Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Liquid Biofuels Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Liquid Biofuels Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Liquid Biofuels Market
9.4.5.1.1 South Africa Liquid Biofuels Market by Product
9.4.5.1.2 South Africa Liquid Biofuels Market by Application
9.4.5.2 Saudi Arabia Liquid Biofuels Market
9.4.5.2.1 Saudi Arabia Liquid Biofuels Market by Product
9.4.5.2.2 Saudi Arabia Liquid Biofuels Market by Application
9.4.5.3 U.A.E Liquid Biofuels Market
9.4.5.3.1 U.A.E Liquid Biofuels Market by Product
9.4.5.3.2 U.A.E Liquid Biofuels Market by Application
9.4.5.4 Rest of Middle East and Africa Liquid Biofuels Market
9.4.5.4.1 Rest of Middle East and Africa Liquid Biofuels Market by Product
9.4.5.4.2 Rest of Middle East and Africa Liquid Biofuels Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Liquid Biofuels Market Overview
9.5.2 South and Central America Liquid Biofuels Market Forecasts and Analysis
9.5.3 South and Central America Liquid Biofuels Market Forecasts and Analysis - By Product
9.5.4 South and Central America Liquid Biofuels Market Forecasts and Analysis - By Application
9.5.5 South and Central America Liquid Biofuels Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Liquid Biofuels Market
9.5.5.1.1 Brazil Liquid Biofuels Market by Product
9.5.5.1.2 Brazil Liquid Biofuels Market by Application
9.5.5.2 Argentina Liquid Biofuels Market
9.5.5.2.1 Argentina Liquid Biofuels Market by Product
9.5.5.2.2 Argentina Liquid Biofuels Market by Application
9.5.5.3 Chile Liquid Biofuels Market
9.5.5.3.1 Chile Liquid Biofuels Market by Product
9.5.5.3.2 Chile Liquid Biofuels Market by Application
9.5.5.4 Rest of South and Central America Liquid Biofuels Market
9.5.5.4.1 Rest of South and Central America Liquid Biofuels Market by Product
9.5.5.4.2 Rest of South and Central America Liquid Biofuels 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. LIQUID BIOFUELS MARKET, KEY COMPANY PROFILES
11.1. ARCHER DANIELS MIDLAND COMPANY,
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. GREEN PLAINS,
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. WILMAR INTERNATIONAL,
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. GEVO,
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. PACIFIC ETHANOL INC.,
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. VALERO ENERGY CORP.,
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. ALGENOL,
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. PETROBRAS,
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. BUTAMAX,
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. RENEWABLE ENERGY CORP.,
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
The List of Companies

1.Archer Daniels Midland Company,
2.Green Plains,
3.Wilmar International,
4.Gevo,
5.Pacific Ethanol Inc.,
6.Valero Energy Corp.,
7.Algenol,
8.Petrobras,
9.Butamax,
10.Renewable Energy Corp.,

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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