Pour Point Depressant Market
Pour Point Depressant Market Forecasts to 2030 - Global Analysis By Product Type (Ethylene Co-Vinyl Acetates, Polymethacrylates, Polyalphaolefins, Styrene Esters, Styrene Maleic Anhydride Copolymers, Polyalkylmethacrylates and Other Product Types), Method, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.12 BN |
|
Projected Year Value (2030) |
US $3.27 BN |
|
CAGR (2023 - 2030) |
6.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Pour point depressants Market is accounted for $2.12 billion in 2023 and is expected to reach $3.27 billion by 2030 growing at a CAGR of 6.4% during the forecast period. Pour point depressants (Pour point depressants) are additives used in oil and petroleum products to lower their pour point the temperature at which they become too viscous to flow. Pour point depressants achieve this by altering the crystallization behaviour of waxes present in the oil, preventing them from forming thick structures that impede flow at low temperatures. By effectively reducing pour point, Pour point depressants enhance the low-temperature operability of fuels, lubricants, and other oil-based products, ensuring consistent performance even in cold climates.
According to the International Organization of Motor Vehicle Manufacturers, in 2022, the total number of cars sold touched the number of 61.6 million, an increase of 6% over the sales in 2021; this in turn accelerates the need for lubricant additives and pour point depressants.
Market Dynamics:
Driver:
Rising awareness about vehicle maintenance
As consumers become more cognizant of the importance of proper lubrication in vehicle maintenance, there's a growing demand for high-quality Pour point depressants to ensure optimal engine performance, especially in cold weather conditions. Rising awareness among automotive manufacturers and fleet operators also drives the integration of pour point depressants into routine maintenance schedules. Additionally, environmental concerns prompt the adoption of eco-friendly pour point depressants formulations boosts the growth of the market.
Restraint:
Availability of substitutes
Availability of substitutes may result in a loss of market share for PPDs. Customers may switch to alternative additives or technologies that offer comparable performance or additional benefits. This loss of market share can be detrimental to PPD manufacturers, particularly if they have invested heavily in marketing, distribution, and brand building. If these substitutes offer superior performance, lower costs, or other advantages, they can quickly render PPDs obsolete. This can leave PPD manufacturers with outdated products and processes, making it difficult to compete in the market.
Opportunity:
Increasing industrialization around the globe
The increasing industrialization worldwide positively impacts the Pour point depressants (PPD) market. With expanding industrial activities across sectors such as manufacturing, construction, and transportation, there's a growing demand for lubricants to ensure smooth machinery operation. Pour point depressants play a crucial role in maintaining optimal lubricant performance, especially in regions with extreme temperature variations. As industrialization drives up the consumption of lubricants, the demand for Pour point depressants rises accordingly.
Threat:
Shifting trends in the automotive industry
If the automotive industry shifts towards electric vehicles or vehicles with more efficient engines, there may be reduced demand for traditional petroleum-based fuels. This can directly impact the demand for PPDs, which are primarily used in the formulation of diesel and other petroleum-based fuels to lower their pour points. For example, there may be a shift towards using lighter fractions of crude oil or incorporating more biofuels into the fuel mix. These changes can impact the effectiveness of traditional PPDs or necessitate the development of new formulations, leading to uncertainty and potentially lower demand for existing PPD products.
Covid-19 Impact
Lockdown measures and economic slowdowns have led to reduced industrial activities, impacting the demand for Pour point depressants in sectors like automotive, manufacturing, and transportation. Supply chain disruptions have also affected the availability of raw materials and distribution channels, further challenging market growth. However, the pandemic has also spurred the need for efficient lubrication in essential sectors like healthcare and food processing, driving a moderate demand for pour point depressants. Moving forward, market recovery will hinge on economic rebound, industry revitalization efforts, and adaptation to evolving market dynamics amidst ongoing global health uncertainties.
The ethylene co-vinyl acetates segment is expected to be the largest during the forecast period
The ethylene co-vinyl acetates segment is estimated to have a lucrative growth, owing to the enhancing performance of Pour point depressants in lowering the pour point of oils and lubricants. EVA polymers improve the effectiveness and efficiency of PPD formulations, enabling them to operate at lower temperatures without solidifying. This leads to increased demand for Pour point depressants in various industries such as automotive, aerospace, and industrial manufacturing, driving growth in the market. Additionally, EVA-based Pour point depressants offer environmental benefits by reducing the need for harsh chemicals, further bolstering their appeal in eco-conscious markets.
The co-crystallization segment is expected to have the highest CAGR during the forecast period
The co-crystallization segment is anticipated to witness the highest CAGR growth during the forecast period, through co-crystallization, Pour point depressants can achieve greater compatibility with various types of oils and lubricants, leading to enhanced pour point depression capabilities. This results in increased demand for Pour point depressants across industries reliant on efficient lubrication, such as automotive, marine, and manufacturing. Co-crystallization also facilitates the development of Pour point depressants with improved stability and lower environmental impact, driving further adoption in eco-conscious markets.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid industrialization in the region driving up the demand for lubricants. The region is home to developing economies such as China, India, and Bangladesh with growing automotive sectors that act as major consumers for pour point depressants in the operation of engines. The liberal trade policies enacted by economic blocs such as the Association of Southeast Asian Nations (ASEAN) and individual countries such as China have contributed to the wide-scale industrial development in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, as it acts as a major consumer of pour point depressants for both civilian uses in airliners as well as in military aircraft. The other major end-user of pour point depressants in North America is the oil & gas industry, especially in the regions of Northern Canada and Alaska which experience extremely cold temperatures for the majority part of the year.
Key players in the market
Some of the key players in the Pour point depressants Market include Addtech Petroleum Corporation LTD, Afton Chemical, BASF SE, Clariant, Croda International Plc, Dew Speciality Chemicals (P) Ltd, Ecolab, Evonik Industries, Exxon Mobile Chemical Limited, Goodway Chemicals Private Limited, Infineum International Limited, Innospec, Lubrizol Corporation, Puyang Jiahua Chemical Co., Ltd., Sanyo Chemical Industries, Ltd., Shengyang Greatwall Lubricant Oil Co.,Ltd. And Zoranoc Oilfield Chemical
Key Developments:
In April 2024, Evonik presents new TEGO® Foamex defoamers - performing sustainability in architectural coatings. These new additives are designed to improve the sustainability and performance of waterborne architectural coatings.
In March 2024, BASF Aroma Ingredients expands its Isobionics® portfolio with new natural flavour. Isobionics® Natural beta-Caryophyllene 80 is not derived from clove oil and has the benefit of no phenolic and no eugenol character; it is produced from renewable resources using cutting-edge biotechnology
In February 2024, OQEMA and BASF collaborate on amines in the UK and Ireland. The companies, which have enjoyed a productive partnership in Germany and Eastern Europe for over two decades, will now join forces in the UK, combining OQEMA’s extensive distribution.
Product Types Covered:
• Ethylene Co-Vinyl Acetates
• Polymethacrylates
• Polyalphaolefins
• Styrene Esters
• Styrene Maleic Anhydride Copolymers
• Polyalkylmethacrylates
• Other Product Types
Methods Covered:
• Co-Crystallization
• Surface Adsorption
End Users Covered:
• Automotive
• Industrial
• Marine
• Aviation
• Oil & Gas Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pour Point Depressant Market, By Product Type
5.1 Introduction
5.2 Ethylene Co-Vinyl Acetates
5.3 Polymethacrylates
5.4 Polyalphaolefins
5.5 Styrene Esters
5.6 Styrene Maleic Anhydride Copolymers
5.7 Polyalkylmethacrylates
5.8 Other Product Types
6 Global Pour Point Depressant Market, By Method
6.1 Introduction
6.2 Co-Crystallization
6.3 Surface Adsorption
7 Global Pour Point Depressant Market, By End User
7.1 Introduction
7.2 Automotive
7.3 Industrial
7.4 Marine
7.5 Aviation
7.6 Oil & Gas Industry
7.7 Other End Users
8 Global Pour Point Depressant Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Addtech Petroleum Corporation LTD
10.2 Afton Chemical
10.3 BASF SE
10.4 Clariant
10.5 Croda International Plc
10.6 Dew Speciality Chemicals (P) Ltd
10.7 Ecolab
10.8 Evonik Industries
10.9 Exxon Mobile Chemical Limited
10.10 Goodway Chemicals Private Limited
10.11 Infineum International Limited
10.12 Innospec
10.13 Lubrizol Corporation
10.14 Puyang Jiahua Chemical Co., Ltd.
10.15 Sanyo Chemical Industries, Ltd.
10.16 Shengyang Greatwall Lubricant Oil Co.,Ltd.
10.17 Zoranoc Oilfield Chemical
List of Tables
1 Global Pour Point Depressant Market Outlook, By Region (2021-2030) ($MN)
2 Global Pour Point Depressant Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Pour Point Depressant Market Outlook, By Ethylene Co-Vinyl Acetates (2021-2030) ($MN)
4 Global Pour Point Depressant Market Outlook, By Polymethacrylates (2021-2030) ($MN)
5 Global Pour Point Depressant Market Outlook, By Polyalphaolefins (2021-2030) ($MN)
6 Global Pour Point Depressant Market Outlook, By Styrene Esters (2021-2030) ($MN)
7 Global Pour Point Depressant Market Outlook, By Styrene Maleic Anhydride Copolymers (2021-2030) ($MN)
8 Global Pour Point Depressant Market Outlook, By Polyalkylmethacrylates (2021-2030) ($MN)
9 Global Pour Point Depressant Market Outlook, By Other Product Types (2021-2030) ($MN)
10 Global Pour Point Depressant Market Outlook, By Method (2021-2030) ($MN)
11 Global Pour Point Depressant Market Outlook, By Co-Crystallization (2021-2030) ($MN)
12 Global Pour Point Depressant Market Outlook, By Surface Adsorption (2021-2030) ($MN)
13 Global Pour Point Depressant Market Outlook, By End User (2021-2030) ($MN)
14 Global Pour Point Depressant Market Outlook, By Automotive (2021-2030) ($MN)
15 Global Pour Point Depressant Market Outlook, By Industrial (2021-2030) ($MN)
16 Global Pour Point Depressant Market Outlook, By Marine (2021-2030) ($MN)
17 Global Pour Point Depressant Market Outlook, By Aviation (2021-2030) ($MN)
18 Global Pour Point Depressant Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
19 Global Pour Point Depressant Market Outlook, By Other End Users (2021-2030) ($MN)
20 North America Pour Point Depressant Market Outlook, By Country (2021-2030) ($MN)
21 North America Pour Point Depressant Market Outlook, By Product Type (2021-2030) ($MN)
22 North America Pour Point Depressant Market Outlook, By Ethylene Co-Vinyl Acetates (2021-2030) ($MN)
23 North America Pour Point Depressant Market Outlook, By Polymethacrylates (2021-2030) ($MN)
24 North America Pour Point Depressant Market Outlook, By Polyalphaolefins (2021-2030) ($MN)
25 North America Pour Point Depressant Market Outlook, By Styrene Esters (2021-2030) ($MN)
26 North America Pour Point Depressant Market Outlook, By Styrene Maleic Anhydride Copolymers (2021-2030) ($MN)
27 North America Pour Point Depressant Market Outlook, By Polyalkylmethacrylates (2021-2030) ($MN)
28 North America Pour Point Depressant Market Outlook, By Other Product Types (2021-2030) ($MN)
29 North America Pour Point Depressant Market Outlook, By Method (2021-2030) ($MN)
30 North America Pour Point Depressant Market Outlook, By Co-Crystallization (2021-2030) ($MN)
31 North America Pour Point Depressant Market Outlook, By Surface Adsorption (2021-2030) ($MN)
32 North America Pour Point Depressant Market Outlook, By End User (2021-2030) ($MN)
33 North America Pour Point Depressant Market Outlook, By Automotive (2021-2030) ($MN)
34 North America Pour Point Depressant Market Outlook, By Industrial (2021-2030) ($MN)
35 North America Pour Point Depressant Market Outlook, By Marine (2021-2030) ($MN)
36 North America Pour Point Depressant Market Outlook, By Aviation (2021-2030) ($MN)
37 North America Pour Point Depressant Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
38 North America Pour Point Depressant Market Outlook, By Other End Users (2021-2030) ($MN)
39 Europe Pour Point Depressant Market Outlook, By Country (2021-2030) ($MN)
40 Europe Pour Point Depressant Market Outlook, By Product Type (2021-2030) ($MN)
41 Europe Pour Point Depressant Market Outlook, By Ethylene Co-Vinyl Acetates (2021-2030) ($MN)
42 Europe Pour Point Depressant Market Outlook, By Polymethacrylates (2021-2030) ($MN)
43 Europe Pour Point Depressant Market Outlook, By Polyalphaolefins (2021-2030) ($MN)
44 Europe Pour Point Depressant Market Outlook, By Styrene Esters (2021-2030) ($MN)
45 Europe Pour Point Depressant Market Outlook, By Styrene Maleic Anhydride Copolymers (2021-2030) ($MN)
46 Europe Pour Point Depressant Market Outlook, By Polyalkylmethacrylates (2021-2030) ($MN)
47 Europe Pour Point Depressant Market Outlook, By Other Product Types (2021-2030) ($MN)
48 Europe Pour Point Depressant Market Outlook, By Method (2021-2030) ($MN)
49 Europe Pour Point Depressant Market Outlook, By Co-Crystallization (2021-2030) ($MN)
50 Europe Pour Point Depressant Market Outlook, By Surface Adsorption (2021-2030) ($MN)
51 Europe Pour Point Depressant Market Outlook, By End User (2021-2030) ($MN)
52 Europe Pour Point Depressant Market Outlook, By Automotive (2021-2030) ($MN)
53 Europe Pour Point Depressant Market Outlook, By Industrial (2021-2030) ($MN)
54 Europe Pour Point Depressant Market Outlook, By Marine (2021-2030) ($MN)
55 Europe Pour Point Depressant Market Outlook, By Aviation (2021-2030) ($MN)
56 Europe Pour Point Depressant Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
57 Europe Pour Point Depressant Market Outlook, By Other End Users (2021-2030) ($MN)
58 Asia Pacific Pour Point Depressant Market Outlook, By Country (2021-2030) ($MN)
59 Asia Pacific Pour Point Depressant Market Outlook, By Product Type (2021-2030) ($MN)
60 Asia Pacific Pour Point Depressant Market Outlook, By Ethylene Co-Vinyl Acetates (2021-2030) ($MN)
61 Asia Pacific Pour Point Depressant Market Outlook, By Polymethacrylates (2021-2030) ($MN)
62 Asia Pacific Pour Point Depressant Market Outlook, By Polyalphaolefins (2021-2030) ($MN)
63 Asia Pacific Pour Point Depressant Market Outlook, By Styrene Esters (2021-2030) ($MN)
64 Asia Pacific Pour Point Depressant Market Outlook, By Styrene Maleic Anhydride Copolymers (2021-2030) ($MN)
65 Asia Pacific Pour Point Depressant Market Outlook, By Polyalkylmethacrylates (2021-2030) ($MN)
66 Asia Pacific Pour Point Depressant Market Outlook, By Other Product Types (2021-2030) ($MN)
67 Asia Pacific Pour Point Depressant Market Outlook, By Method (2021-2030) ($MN)
68 Asia Pacific Pour Point Depressant Market Outlook, By Co-Crystallization (2021-2030) ($MN)
69 Asia Pacific Pour Point Depressant Market Outlook, By Surface Adsorption (2021-2030) ($MN)
70 Asia Pacific Pour Point Depressant Market Outlook, By End User (2021-2030) ($MN)
71 Asia Pacific Pour Point Depressant Market Outlook, By Automotive (2021-2030) ($MN)
72 Asia Pacific Pour Point Depressant Market Outlook, By Industrial (2021-2030) ($MN)
73 Asia Pacific Pour Point Depressant Market Outlook, By Marine (2021-2030) ($MN)
74 Asia Pacific Pour Point Depressant Market Outlook, By Aviation (2021-2030) ($MN)
75 Asia Pacific Pour Point Depressant Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
76 Asia Pacific Pour Point Depressant Market Outlook, By Other End Users (2021-2030) ($MN)
77 South America Pour Point Depressant Market Outlook, By Country (2021-2030) ($MN)
78 South America Pour Point Depressant Market Outlook, By Product Type (2021-2030) ($MN)
79 South America Pour Point Depressant Market Outlook, By Ethylene Co-Vinyl Acetates (2021-2030) ($MN)
80 South America Pour Point Depressant Market Outlook, By Polymethacrylates (2021-2030) ($MN)
81 South America Pour Point Depressant Market Outlook, By Polyalphaolefins (2021-2030) ($MN)
82 South America Pour Point Depressant Market Outlook, By Styrene Esters (2021-2030) ($MN)
83 South America Pour Point Depressant Market Outlook, By Styrene Maleic Anhydride Copolymers (2021-2030) ($MN)
84 South America Pour Point Depressant Market Outlook, By Polyalkylmethacrylates (2021-2030) ($MN)
85 South America Pour Point Depressant Market Outlook, By Other Product Types (2021-2030) ($MN)
86 South America Pour Point Depressant Market Outlook, By Method (2021-2030) ($MN)
87 South America Pour Point Depressant Market Outlook, By Co-Crystallization (2021-2030) ($MN)
88 South America Pour Point Depressant Market Outlook, By Surface Adsorption (2021-2030) ($MN)
89 South America Pour Point Depressant Market Outlook, By End User (2021-2030) ($MN)
90 South America Pour Point Depressant Market Outlook, By Automotive (2021-2030) ($MN)
91 South America Pour Point Depressant Market Outlook, By Industrial (2021-2030) ($MN)
92 South America Pour Point Depressant Market Outlook, By Marine (2021-2030) ($MN)
93 South America Pour Point Depressant Market Outlook, By Aviation (2021-2030) ($MN)
94 South America Pour Point Depressant Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
95 South America Pour Point Depressant Market Outlook, By Other End Users (2021-2030) ($MN)
96 Middle East & Africa Pour Point Depressant Market Outlook, By Country (2021-2030) ($MN)
97 Middle East & Africa Pour Point Depressant Market Outlook, By Product Type (2021-2030) ($MN)
98 Middle East & Africa Pour Point Depressant Market Outlook, By Ethylene Co-Vinyl Acetates (2021-2030) ($MN)
99 Middle East & Africa Pour Point Depressant Market Outlook, By Polymethacrylates (2021-2030) ($MN)
100 Middle East & Africa Pour Point Depressant Market Outlook, By Polyalphaolefins (2021-2030) ($MN)
101 Middle East & Africa Pour Point Depressant Market Outlook, By Styrene Esters (2021-2030) ($MN)
102 Middle East & Africa Pour Point Depressant Market Outlook, By Styrene Maleic Anhydride Copolymers (2021-2030) ($MN)
103 Middle East & Africa Pour Point Depressant Market Outlook, By Polyalkylmethacrylates (2021-2030) ($MN)
104 Middle East & Africa Pour Point Depressant Market Outlook, By Other Product Types (2021-2030) ($MN)
105 Middle East & Africa Pour Point Depressant Market Outlook, By Method (2021-2030) ($MN)
106 Middle East & Africa Pour Point Depressant Market Outlook, By Co-Crystallization (2021-2030) ($MN)
107 Middle East & Africa Pour Point Depressant Market Outlook, By Surface Adsorption (2021-2030) ($MN)
108 Middle East & Africa Pour Point Depressant Market Outlook, By End User (2021-2030) ($MN)
109 Middle East & Africa Pour Point Depressant Market Outlook, By Automotive (2021-2030) ($MN)
110 Middle East & Africa Pour Point Depressant Market Outlook, By Industrial (2021-2030) ($MN)
111 Middle East & Africa Pour Point Depressant Market Outlook, By Marine (2021-2030) ($MN)
112 Middle East & Africa Pour Point Depressant Market Outlook, By Aviation (2021-2030) ($MN)
113 Middle East & Africa Pour Point Depressant Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
114 Middle East & Africa Pour Point Depressant Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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