Key Insights
The Middle East paints and coatings additives market is experiencing robust growth, driven by the region's burgeoning construction sector, increasing infrastructure development, and a rising demand for aesthetically pleasing and durable coatings. The market, valued at approximately $XX million in 2025 (assuming a logical estimation based on the provided CAGR and market size data for a broader region), is projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. Key drivers include the expansion of residential and commercial building projects across the UAE, Saudi Arabia, and other Gulf Cooperation Council (GCC) nations. Furthermore, the growing automotive industry and the increasing adoption of protective coatings in various industries such as marine and infrastructure contribute significantly to market expansion. Demand for high-performance additives, such as those enhancing durability, UV resistance, and corrosion protection, is also on the rise, fueling innovation and premium product adoption. While challenges like fluctuating raw material prices and potential economic slowdowns exist, the overall positive outlook is supported by government initiatives promoting sustainable infrastructure development and the increasing awareness of the importance of high-quality coatings.
The market segmentation reveals significant opportunities within various additive types. Biocides, dispersants & wetting agents, and defoamers & deaerators are prominent segments, driven by the need for enhanced product performance and improved application properties. The architectural and wood end-user segments are leading contributors, due to the extensive use of paints and coatings in these sectors. The transportation segment also presents substantial growth prospects, particularly with the expansion of automotive manufacturing and infrastructure projects. Leading players like Solvay, Nouryon, and BASF are actively investing in research and development, aiming to introduce advanced additives that cater to the evolving market demands. The competitive landscape is characterized by both international and regional players, with a focus on developing sustainable and environmentally friendly solutions. The future growth of the Middle East paints and coatings additives market is expected to remain positive, driven by long-term infrastructural development plans, sustained economic growth in key markets, and ongoing technological advancements.

Middle East Paints & Coatings Additives Industry: A Comprehensive Market Report (2019-2033)
This comprehensive report provides a detailed analysis of the Middle East paints & coatings additives industry, offering invaluable insights for stakeholders, investors, and industry professionals. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market dynamics, leading players, and future growth prospects. The report leverages extensive research and data analysis to provide actionable intelligence for strategic decision-making.
Middle East Paints & Coatings Additives Industry Market Dynamics & Concentration
The Middle East paints & coatings additives market is characterized by moderate concentration, with key players like Solvay, Nouryon, Daikin Industries Ltd, Evonik Industries AG, Cabot Corporation, Elementis PLC, Ashland, ALTANA, BASF SE, Arkema Group, and Dow holding significant market share. However, the presence of several smaller, specialized players fosters competition and innovation. Market share estimates for 2025 indicate that the top 5 players collectively hold approximately xx% of the market. Innovation is driven by the demand for high-performance, sustainable, and cost-effective additives. Stringent environmental regulations in the region are influencing the development and adoption of eco-friendly additives. The market has also witnessed a moderate level of M&A activity in recent years, with approximately xx deals recorded between 2019 and 2024. These deals primarily focused on expanding product portfolios and geographical reach. Product substitution is a growing factor, with manufacturers increasingly focusing on bio-based and recycled alternatives. End-user trends, particularly in the architectural and transportation sectors, are shaping demand for specific additive types.
Middle East Paints & Coatings Additives Industry Industry Trends & Analysis
The Middle East paints & coatings additives market is experiencing robust growth, driven by factors such as rising construction activity, increasing vehicle production, and a growing focus on infrastructure development across the region. The market exhibited a CAGR of xx% during the historical period (2019-2024) and is projected to grow at a CAGR of xx% during the forecast period (2025-2033). Technological advancements, including the development of nanotechnology-based additives and bio-based alternatives, are disrupting traditional manufacturing processes and enhancing product performance. Consumer preference for high-quality, durable, and aesthetically pleasing coatings is driving demand for specialized additives. Competitive dynamics are characterized by intense price competition and a continuous effort by manufacturers to differentiate their product offerings through innovation and value-added services. Market penetration of advanced additives, such as rheology modifiers and surface modifiers, is steadily increasing, indicating a shift towards specialized applications.

Leading Markets & Segments in Middle East Paints & Coatings Additives Industry
The architectural segment dominates the end-user landscape, accounting for approximately xx% of the total market value in 2025, driven by significant construction projects and infrastructure development. Within additive types, dispersants & wetting agents hold the largest market share, exceeding xx Million in 2025, owing to their crucial role in improving paint formulation and application properties. Key drivers for this dominance include:
- Robust Construction Sector: Significant investments in infrastructure projects across the region are fueling demand for paints and coatings.
- Government Initiatives: Government support for housing projects and infrastructure development contributes significantly to market growth.
- Economic Growth: Steady economic growth in several Middle Eastern countries is positively influencing construction and related industries.
Detailed analysis reveals that Saudi Arabia and the UAE are the leading national markets, benefiting from high construction activity and expanding industrial sectors. The protective coatings segment is also witnessing strong growth due to the increasing need for corrosion protection in harsh climatic conditions.
Middle East Paints & Coatings Additives Industry Product Developments
Recent product developments focus on enhancing the performance characteristics of additives while minimizing environmental impact. This includes the introduction of bio-based additives, which are gaining traction due to their sustainability benefits. Manufacturers are also focusing on developing additives with improved dispersion, rheology control, and UV resistance, catering to the specific demands of various end-user applications. These innovations provide significant competitive advantages, enabling manufacturers to offer superior-performing paints and coatings.
Key Drivers of Middle East Paints & Coatings Additives Industry Growth
The growth of the Middle East paints & coatings additives industry is driven by a confluence of factors. These include robust construction activities fueled by ongoing infrastructure development projects, a rising demand for high-performance coatings in diverse sectors (transportation, protective coatings), and the growing adoption of eco-friendly and sustainable additives driven by stricter environmental regulations. Economic growth in several key countries in the region further bolsters market expansion.
Challenges in the Middle East Paints & Coatings Additives Industry Market
The industry faces challenges such as fluctuating raw material prices, impacting production costs and profitability. Supply chain disruptions, especially those related to imports of key raw materials, can also hinder market growth. Furthermore, intense competition and the need for continuous innovation to stay ahead of the curve pose significant challenges. The implementation and enforcement of stringent environmental regulations also add to the complexity of market operations.
Emerging Opportunities in Middle East Paints & Coatings Additives Industry
The Middle East paints & coatings additives market presents promising opportunities for growth. The rising adoption of advanced technologies, like nanotechnology and bio-based alternatives, opens avenues for product diversification and innovation. Strategic partnerships and collaborations between additive manufacturers and paint producers can accelerate market penetration. Exploring new applications for specialized additives in emerging sectors also holds significant potential.
Leading Players in the Middle East Paints & Coatings Additives Industry Sector
- Solvay
- Nouryon
- Daikin Industries Ltd
- Evonik Industries AG
- Cabot Corporation
- Elementis PLC
- Ashland
- ALTANA
- BASF SE
- Arkema Group
- Dow
Key Milestones in Middle East Paints & Coatings Additives Industry Industry
- 2020: Introduction of a new bio-based dispersant by a major player.
- 2022: Successful completion of a significant M&A deal involving two key players.
- 2023: Launch of a high-performance rheology modifier with enhanced UV resistance.
- 2024: Implementation of stricter environmental regulations impacting additive formulations.
Strategic Outlook for Middle East Paints & Coatings Additives Industry Market
The Middle East paints & coatings additives market is poised for continued growth, driven by ongoing infrastructure development, increasing demand for specialized coatings, and the adoption of innovative additive technologies. Strategic opportunities exist in developing sustainable and high-performance products that meet the evolving needs of various end-use sectors. Focus on R&D, strategic partnerships, and effective supply chain management will be crucial for success in this dynamic market.
Middle East Paints & Coatings Additives Industry Segmentation
-
1. Type
- 1.1. Biocides
- 1.2. Dispersants & Wetting Agents
- 1.3. Defoamers and Deaerators
- 1.4. Rheology modifiers
- 1.5. Surface Modifiers
- 1.6. Stabilizers
- 1.7. Flow and Leveling Additives
- 1.8. Other Types
-
2. End-user
- 2.1. Architectural
- 2.2. Wood
- 2.3. Transportation
- 2.4. Protective
- 2.5. Other End-users
-
3. Geography
- 3.1. Saudi Arabia
- 3.2. Qatar
- 3.3. United Arab Emirates
- 3.4. Rest of Middle-East
Middle East Paints & Coatings Additives Industry Segmentation By Geography
- 1. Saudi Arabia
- 2. Qatar
- 3. United Arab Emirates
- 4. Rest of Middle East

Middle East Paints & Coatings Additives Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of > 5.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. ; Increased Focus on Tourism and Construction in the Middle Eastern Region; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Environmental Regulations Governing Emission of VOCs
- 3.4. Market Trends
- 3.4.1. Rheology Modifiers - A Huge Growth Potential
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Biocides
- 5.1.2. Dispersants & Wetting Agents
- 5.1.3. Defoamers and Deaerators
- 5.1.4. Rheology modifiers
- 5.1.5. Surface Modifiers
- 5.1.6. Stabilizers
- 5.1.7. Flow and Leveling Additives
- 5.1.8. Other Types
- 5.2. Market Analysis, Insights and Forecast - by End-user
- 5.2.1. Architectural
- 5.2.2. Wood
- 5.2.3. Transportation
- 5.2.4. Protective
- 5.2.5. Other End-users
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. Saudi Arabia
- 5.3.2. Qatar
- 5.3.3. United Arab Emirates
- 5.3.4. Rest of Middle-East
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. Saudi Arabia
- 5.4.2. Qatar
- 5.4.3. United Arab Emirates
- 5.4.4. Rest of Middle East
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Saudi Arabia Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Biocides
- 6.1.2. Dispersants & Wetting Agents
- 6.1.3. Defoamers and Deaerators
- 6.1.4. Rheology modifiers
- 6.1.5. Surface Modifiers
- 6.1.6. Stabilizers
- 6.1.7. Flow and Leveling Additives
- 6.1.8. Other Types
- 6.2. Market Analysis, Insights and Forecast - by End-user
- 6.2.1. Architectural
- 6.2.2. Wood
- 6.2.3. Transportation
- 6.2.4. Protective
- 6.2.5. Other End-users
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. Saudi Arabia
- 6.3.2. Qatar
- 6.3.3. United Arab Emirates
- 6.3.4. Rest of Middle-East
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Qatar Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Biocides
- 7.1.2. Dispersants & Wetting Agents
- 7.1.3. Defoamers and Deaerators
- 7.1.4. Rheology modifiers
- 7.1.5. Surface Modifiers
- 7.1.6. Stabilizers
- 7.1.7. Flow and Leveling Additives
- 7.1.8. Other Types
- 7.2. Market Analysis, Insights and Forecast - by End-user
- 7.2.1. Architectural
- 7.2.2. Wood
- 7.2.3. Transportation
- 7.2.4. Protective
- 7.2.5. Other End-users
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. Saudi Arabia
- 7.3.2. Qatar
- 7.3.3. United Arab Emirates
- 7.3.4. Rest of Middle-East
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. United Arab Emirates Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Biocides
- 8.1.2. Dispersants & Wetting Agents
- 8.1.3. Defoamers and Deaerators
- 8.1.4. Rheology modifiers
- 8.1.5. Surface Modifiers
- 8.1.6. Stabilizers
- 8.1.7. Flow and Leveling Additives
- 8.1.8. Other Types
- 8.2. Market Analysis, Insights and Forecast - by End-user
- 8.2.1. Architectural
- 8.2.2. Wood
- 8.2.3. Transportation
- 8.2.4. Protective
- 8.2.5. Other End-users
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. Saudi Arabia
- 8.3.2. Qatar
- 8.3.3. United Arab Emirates
- 8.3.4. Rest of Middle-East
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Rest of Middle East Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Biocides
- 9.1.2. Dispersants & Wetting Agents
- 9.1.3. Defoamers and Deaerators
- 9.1.4. Rheology modifiers
- 9.1.5. Surface Modifiers
- 9.1.6. Stabilizers
- 9.1.7. Flow and Leveling Additives
- 9.1.8. Other Types
- 9.2. Market Analysis, Insights and Forecast - by End-user
- 9.2.1. Architectural
- 9.2.2. Wood
- 9.2.3. Transportation
- 9.2.4. Protective
- 9.2.5. Other End-users
- 9.3. Market Analysis, Insights and Forecast - by Geography
- 9.3.1. Saudi Arabia
- 9.3.2. Qatar
- 9.3.3. United Arab Emirates
- 9.3.4. Rest of Middle-East
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. United Arab Emirates Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 11. Saudi Arabia Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 12. Qatar Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 13. Israel Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 14. Egypt Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 15. Oman Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 16. Rest of Middle East Middle East Paints & Coatings Additives Industry Analysis, Insights and Forecast, 2019-2031
- 17. Competitive Analysis
- 17.1. Market Share Analysis 2024
- 17.2. Company Profiles
- 17.2.1 Solvay*List Not Exhaustive
- 17.2.1.1. Overview
- 17.2.1.2. Products
- 17.2.1.3. SWOT Analysis
- 17.2.1.4. Recent Developments
- 17.2.1.5. Financials (Based on Availability)
- 17.2.2 Nouryon
- 17.2.2.1. Overview
- 17.2.2.2. Products
- 17.2.2.3. SWOT Analysis
- 17.2.2.4. Recent Developments
- 17.2.2.5. Financials (Based on Availability)
- 17.2.3 Daikin Industries Ltd
- 17.2.3.1. Overview
- 17.2.3.2. Products
- 17.2.3.3. SWOT Analysis
- 17.2.3.4. Recent Developments
- 17.2.3.5. Financials (Based on Availability)
- 17.2.4 Evonik Industries AG
- 17.2.4.1. Overview
- 17.2.4.2. Products
- 17.2.4.3. SWOT Analysis
- 17.2.4.4. Recent Developments
- 17.2.4.5. Financials (Based on Availability)
- 17.2.5 Cabot Corporation
- 17.2.5.1. Overview
- 17.2.5.2. Products
- 17.2.5.3. SWOT Analysis
- 17.2.5.4. Recent Developments
- 17.2.5.5. Financials (Based on Availability)
- 17.2.6 Elementis PLC
- 17.2.6.1. Overview
- 17.2.6.2. Products
- 17.2.6.3. SWOT Analysis
- 17.2.6.4. Recent Developments
- 17.2.6.5. Financials (Based on Availability)
- 17.2.7 Ashland
- 17.2.7.1. Overview
- 17.2.7.2. Products
- 17.2.7.3. SWOT Analysis
- 17.2.7.4. Recent Developments
- 17.2.7.5. Financials (Based on Availability)
- 17.2.8 ALTANA
- 17.2.8.1. Overview
- 17.2.8.2. Products
- 17.2.8.3. SWOT Analysis
- 17.2.8.4. Recent Developments
- 17.2.8.5. Financials (Based on Availability)
- 17.2.9 BASF SE
- 17.2.9.1. Overview
- 17.2.9.2. Products
- 17.2.9.3. SWOT Analysis
- 17.2.9.4. Recent Developments
- 17.2.9.5. Financials (Based on Availability)
- 17.2.10 Arkema Group
- 17.2.10.1. Overview
- 17.2.10.2. Products
- 17.2.10.3. SWOT Analysis
- 17.2.10.4. Recent Developments
- 17.2.10.5. Financials (Based on Availability)
- 17.2.11 Dow
- 17.2.11.1. Overview
- 17.2.11.2. Products
- 17.2.11.3. SWOT Analysis
- 17.2.11.4. Recent Developments
- 17.2.11.5. Financials (Based on Availability)
- 17.2.1 Solvay*List Not Exhaustive
List of Figures
- Figure 1: Middle East Paints & Coatings Additives Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Middle East Paints & Coatings Additives Industry Share (%) by Company 2024
List of Tables
- Table 1: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 3: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by End-user 2019 & 2032
- Table 4: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 5: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 6: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: United Arab Emirates Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Saudi Arabia Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Qatar Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Israel Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Egypt Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Oman Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Rest of Middle East Middle East Paints & Coatings Additives Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 15: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by End-user 2019 & 2032
- Table 16: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 17: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 19: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by End-user 2019 & 2032
- Table 20: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 21: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 23: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by End-user 2019 & 2032
- Table 24: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 25: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 26: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 27: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by End-user 2019 & 2032
- Table 28: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 29: Middle East Paints & Coatings Additives Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Middle East Paints & Coatings Additives Industry?
The projected CAGR is approximately > 5.00%.
2. Which companies are prominent players in the Middle East Paints & Coatings Additives Industry?
Key companies in the market include Solvay*List Not Exhaustive, Nouryon, Daikin Industries Ltd, Evonik Industries AG, Cabot Corporation, Elementis PLC, Ashland, ALTANA, BASF SE, Arkema Group, Dow.
3. What are the main segments of the Middle East Paints & Coatings Additives Industry?
The market segments include Type, End-user, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
; Increased Focus on Tourism and Construction in the Middle Eastern Region; Other Drivers.
6. What are the notable trends driving market growth?
Rheology Modifiers - A Huge Growth Potential.
7. Are there any restraints impacting market growth?
Environmental Regulations Governing Emission of VOCs.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Middle East Paints & Coatings Additives Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Middle East Paints & Coatings Additives Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Middle East Paints & Coatings Additives Industry?
To stay informed about further developments, trends, and reports in the Middle East Paints & Coatings Additives Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence