Key Insights
The North American polyurethane market is poised for substantial expansion, projected to reach approximately $18.42 billion by 2025, with a projected Compound Annual Growth Rate (CAGR) of 6% through 2033. This robust growth is primarily propelled by the construction and automotive industries, sectors that leverage polyurethane's exceptional versatility in insulation, cushioning, and coatings. The increasing demand for energy-efficient infrastructure and lightweight vehicles significantly fuels this market trajectory. Advances in sustainable polyurethane formulations and enhanced performance characteristics are also driving broader adoption across diverse applications. Flexible foams represent the dominant application segment, complemented by significant contributions from coatings, adhesives, sealants, and binders, essential for furniture, appliances, and packaging. While raw material price volatility and environmental considerations may present challenges, continuous innovation and the inherent adaptability of polyurethane ensure sustained market expansion.
North America Polyurethane Industry Market Size (In Billion)
Segment-specific growth will vary. The furniture and interiors segment is expected to be a major contributor, driven by sustained demand for comfortable and durable furnishings. Concurrently, the building and construction sector will experience strong growth, underpinned by infrastructure investments and the critical need for high-performance insulation. Intense competition among established players such as BASF, Dow, and Huntsman persists, yet opportunities remain for specialized polyurethane manufacturers focusing on niche applications and eco-friendly solutions. Geographically, the United States leads North American polyurethane consumption, followed by Canada and Mexico. Future market dynamics will be shaped by government policies advocating for sustainable materials and ongoing development of innovative polyurethane products engineered for specific end-user requirements.
North America Polyurethane Industry Company Market Share
Unlock Growth Opportunities in the Booming North America Polyurethane Industry: A Comprehensive Market Report (2019-2033)
This comprehensive report delivers in-depth analysis of the North America polyurethane industry, providing critical insights for strategic decision-making. From market dynamics and leading players to emerging trends and future opportunities, this study offers a complete picture of this dynamic sector. Covering the period 2019-2033, with a base year of 2025, this report is an invaluable resource for industry stakeholders, investors, and market analysts. The total market value is projected to reach xx Million by 2033.
North America Polyurethane Industry Market Dynamics & Concentration
This section analyzes the competitive landscape of the North America polyurethane industry, examining market concentration, innovation drivers, regulatory frameworks, and key industry trends. We explore the impact of product substitutes and end-user trends, as well as mergers and acquisitions (M&A) activities.
Market Concentration: The North America polyurethane market exhibits a moderately concentrated structure, with top players like BASF SE, Dow, and Huntsman International LLC holding significant market share. The combined market share of the top five players is estimated at xx%, reflecting both the scale of established players and the potential for smaller players to carve out niche segments.
Innovation Drivers: Continuous innovation in polyurethane chemistry, particularly focusing on sustainability and high-performance materials, is a primary driver of market growth. This is evidenced by the increasing focus on bio-based polyols and recycled content in polyurethane products.
Regulatory Framework: Stringent environmental regulations concerning volatile organic compounds (VOCs) and other harmful emissions are shaping the market, pushing manufacturers to develop more environmentally friendly formulations. The impact of these regulations varies significantly based on the specific application and regional variations in environmental laws.
Product Substitutes: The polyurethane industry faces competition from alternative materials like plastics and composites in certain applications. However, polyurethane's unique combination of properties, such as flexibility, durability, and insulation, continues to ensure its dominance in many key sectors.
End-User Trends: The growing demand for lightweight and energy-efficient materials across sectors like automotive and building & construction fuels the demand for advanced polyurethane products.
M&A Activities: The number of M&A deals in the North America polyurethane industry has averaged xx per year during the historical period (2019-2024), reflecting strategic consolidation and expansion within the sector. These deals primarily focus on broadening product portfolios, expanding market reach, and acquiring specialized technological expertise.
North America Polyurethane Industry Industry Trends & Analysis
This section provides a comprehensive analysis of the North America polyurethane industry trends and overall market growth. We examine key growth drivers, technological disruptions, evolving consumer preferences, and competitive dynamics affecting market share and penetration.
The North American polyurethane market is projected to experience a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). Key factors driving this growth include increasing demand from the construction, automotive, and furniture industries, alongside continuous advancements in polyurethane technology. Consumer preference for high-performance, sustainable, and cost-effective materials is also influencing market dynamics. The market penetration of high-performance polyurethane foams in the insulation sector is increasing rapidly, driven by advancements in material science and energy efficiency mandates. Competitive dynamics are primarily influenced by technological innovations, pricing strategies, and geographic expansion. The increased use of digital tools for design and manufacturing optimization is significantly altering the competitiveness within this market.
Leading Markets & Segments in North America Polyurethane Industry
This section identifies the dominant regions, countries, and segments within the North America polyurethane market, providing detailed analysis of their performance. Key factors contributing to the dominance of these segments are highlighted.
Dominant Segments: The flexible foam segment, driven by robust demand from the furniture and automotive industries, holds the largest market share, followed by the rigid foam segment largely due to its extensive use in building and construction. Coatings, Adhesives, Sealants, and Binders (CASB) applications experience consistent growth, fueled by the increasing demand for durable and high-performance products across several end-use industries.
Key Drivers:
- Building & Construction: Stringent building codes, increasing urbanization, and the need for energy-efficient buildings are boosting demand for polyurethane insulation foams.
- Automotive: Lightweighting initiatives in automotive manufacturing to improve fuel efficiency are significantly driving the adoption of polyurethane foams in vehicle interiors and exterior parts.
- Furniture & Interiors: The growing popularity of comfortable and durable furniture is a key driver for polyurethane foams in seating and cushioning applications.
The United States remains the dominant market in North America, driven by its large and diverse economy, significant construction activity, and substantial automotive manufacturing sector. Canada and Mexico experience consistent growth, albeit at a slower pace.
North America Polyurethane Industry Product Developments
Recent product innovations in the North American polyurethane industry focus on enhanced performance characteristics, sustainability, and cost-effectiveness. Manufacturers are developing high-performance polyurethane foams with improved insulation properties, lightweight characteristics, and flame retardancy. Bio-based polyols are gaining traction as a sustainable alternative to conventional petroleum-based polyols, aligning with growing environmental concerns. These advancements are improving the market fit of polyurethane products in diverse applications, broadening their appeal across several industries.
Key Drivers of North America Polyurethane Industry Growth
Several factors contribute to the growth of the North America polyurethane industry. Technological advancements, such as the development of bio-based polyols and improved processing techniques, drive efficiency and sustainability. Strong economic growth in key end-use sectors, like construction and automotive, further fuels demand. Government regulations promoting energy efficiency and sustainable building practices create additional opportunities for polyurethane applications.
Challenges in the North America Polyurethane Industry Market
The North America polyurethane industry faces several challenges, including fluctuating raw material prices, stringent environmental regulations impacting manufacturing costs, and intense competition from alternative materials. Supply chain disruptions, particularly related to the availability of key raw materials, can significantly impact production and profitability. Meeting the increasingly demanding performance requirements of end-users while ensuring cost-competitiveness presents an ongoing challenge for industry players.
Emerging Opportunities in North America Polyurethane Industry
Long-term growth opportunities exist in the development of specialized polyurethane formulations for niche applications, such as advanced composites, biomedical devices, and high-performance insulation systems. Strategic partnerships and collaborations focusing on sustainable solutions and technological innovation are crucial for market expansion. The growing demand for customized solutions and the increasing adoption of digital technologies to optimize product design and manufacturing processes present additional growth catalysts.
Leading Players in the North America Polyurethane Industry Sector
- China Petrochemical Corp (Sinopec Group)
- Mitsui Chemicals Inc
- LANXESS
- BASF SE
- Huntsman International LLC
- Fujian Southeast Electrochemical Co Ltd
- Dow
- Covestro AG
- Tosoh Corporation
- Perstorp
Key Milestones in North America Polyurethane Industry Industry
- 2020-03: Covestro announces investment in a new production facility for high-performance polyurethane foams.
- 2021-10: BASF launches a new range of bio-based polyols for sustainable polyurethane applications.
- 2022-05: Significant merger between two smaller polyurethane manufacturers leads to increased market consolidation. (Further details to be included in the full report)
- 2023-02: Introduction of new polyurethane technology focusing on improved flame retardancy
Strategic Outlook for North America Polyurethane Industry Market
The future of the North America polyurethane industry is promising, driven by continued technological advancements, increasing demand from diverse end-use industries, and the growing focus on sustainable solutions. Strategic investments in research and development, coupled with strategic partnerships and collaborations, will be key to unlocking long-term growth and market leadership. The focus on developing innovative and sustainable polyurethane products that meet the evolving needs of consumers and industries will be paramount for success in this competitive market.
North America Polyurethane Industry Segmentation
-
1. Application
- 1.1. Foams
- 1.2. Coatings
- 1.3. Adhesives, Sealants, and Binders
- 1.4. Elastomers
- 1.5. Other Applications
-
2. End-user Industry
- 2.1. Furniture and Interiors
- 2.2. Building and Construction
- 2.3. Electronics and Appliances
- 2.4. Automotive and Transportation
- 2.5. Packaging
- 2.6. Other End-user Industries
-
3. Geography
- 3.1. United States
- 3.2. Mexico
- 3.3. Canada
- 3.4. Rest of North America
North America Polyurethane Industry Segmentation By Geography
- 1. United States
- 2. Mexico
- 3. Canada
- 4. Rest of North America
North America Polyurethane Industry Regional Market Share
Geographic Coverage of North America Polyurethane Industry
North America Polyurethane Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6% from 2020-2034 |
| 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. ; Increasing Use of Durable Plastics in Construction; Increasing Emphasis on Recycling
- 3.3. Market Restrains
- 3.3.1. ; Volatile Raw Material Prices; Competition from Polystyrene and Polypropylene Foam
- 3.4. Market Trends
- 3.4.1. Foams Application is Expected to Hold the Largest Share of the Application Segment
- 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. North America Polyurethane Industry Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Foams
- 5.1.2. Coatings
- 5.1.3. Adhesives, Sealants, and Binders
- 5.1.4. Elastomers
- 5.1.5. Other Applications
- 5.2. Market Analysis, Insights and Forecast - by End-user Industry
- 5.2.1. Furniture and Interiors
- 5.2.2. Building and Construction
- 5.2.3. Electronics and Appliances
- 5.2.4. Automotive and Transportation
- 5.2.5. Packaging
- 5.2.6. Other End-user Industries
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. United States
- 5.3.2. Mexico
- 5.3.3. Canada
- 5.3.4. Rest of North America
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United States
- 5.4.2. Mexico
- 5.4.3. Canada
- 5.4.4. Rest of North America
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. United States North America Polyurethane Industry Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Foams
- 6.1.2. Coatings
- 6.1.3. Adhesives, Sealants, and Binders
- 6.1.4. Elastomers
- 6.1.5. Other Applications
- 6.2. Market Analysis, Insights and Forecast - by End-user Industry
- 6.2.1. Furniture and Interiors
- 6.2.2. Building and Construction
- 6.2.3. Electronics and Appliances
- 6.2.4. Automotive and Transportation
- 6.2.5. Packaging
- 6.2.6. Other End-user Industries
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. United States
- 6.3.2. Mexico
- 6.3.3. Canada
- 6.3.4. Rest of North America
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. Mexico North America Polyurethane Industry Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Foams
- 7.1.2. Coatings
- 7.1.3. Adhesives, Sealants, and Binders
- 7.1.4. Elastomers
- 7.1.5. Other Applications
- 7.2. Market Analysis, Insights and Forecast - by End-user Industry
- 7.2.1. Furniture and Interiors
- 7.2.2. Building and Construction
- 7.2.3. Electronics and Appliances
- 7.2.4. Automotive and Transportation
- 7.2.5. Packaging
- 7.2.6. Other End-user Industries
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. United States
- 7.3.2. Mexico
- 7.3.3. Canada
- 7.3.4. Rest of North America
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. Canada North America Polyurethane Industry Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Foams
- 8.1.2. Coatings
- 8.1.3. Adhesives, Sealants, and Binders
- 8.1.4. Elastomers
- 8.1.5. Other Applications
- 8.2. Market Analysis, Insights and Forecast - by End-user Industry
- 8.2.1. Furniture and Interiors
- 8.2.2. Building and Construction
- 8.2.3. Electronics and Appliances
- 8.2.4. Automotive and Transportation
- 8.2.5. Packaging
- 8.2.6. Other End-user Industries
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. United States
- 8.3.2. Mexico
- 8.3.3. Canada
- 8.3.4. Rest of North America
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. Rest of North America North America Polyurethane Industry Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Foams
- 9.1.2. Coatings
- 9.1.3. Adhesives, Sealants, and Binders
- 9.1.4. Elastomers
- 9.1.5. Other Applications
- 9.2. Market Analysis, Insights and Forecast - by End-user Industry
- 9.2.1. Furniture and Interiors
- 9.2.2. Building and Construction
- 9.2.3. Electronics and Appliances
- 9.2.4. Automotive and Transportation
- 9.2.5. Packaging
- 9.2.6. Other End-user Industries
- 9.3. Market Analysis, Insights and Forecast - by Geography
- 9.3.1. United States
- 9.3.2. Mexico
- 9.3.3. Canada
- 9.3.4. Rest of North America
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 China Petrochemical Corp (Sinopec Group)
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Mitsui Chemicals Inc
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 LANXESS
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 BASF SE
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Huntsman International LLC
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Fujian Southeast Electrochemical Co Ltd
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Dow
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Covestro AG
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Tosoh Corporation
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Perstorp
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.1 China Petrochemical Corp (Sinopec Group)
List of Figures
- Figure 1: North America Polyurethane Industry Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: North America Polyurethane Industry Share (%) by Company 2025
List of Tables
- Table 1: North America Polyurethane Industry Revenue billion Forecast, by Application 2020 & 2033
- Table 2: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Application 2020 & 2033
- Table 3: North America Polyurethane Industry Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 4: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by End-user Industry 2020 & 2033
- Table 5: North America Polyurethane Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 6: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Geography 2020 & 2033
- Table 7: North America Polyurethane Industry Revenue billion Forecast, by Region 2020 & 2033
- Table 8: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Region 2020 & 2033
- Table 9: North America Polyurethane Industry Revenue billion Forecast, by Application 2020 & 2033
- Table 10: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Application 2020 & 2033
- Table 11: North America Polyurethane Industry Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 12: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by End-user Industry 2020 & 2033
- Table 13: North America Polyurethane Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 14: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Geography 2020 & 2033
- Table 15: North America Polyurethane Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 16: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Country 2020 & 2033
- Table 17: North America Polyurethane Industry Revenue billion Forecast, by Application 2020 & 2033
- Table 18: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Application 2020 & 2033
- Table 19: North America Polyurethane Industry Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 20: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by End-user Industry 2020 & 2033
- Table 21: North America Polyurethane Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 22: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Geography 2020 & 2033
- Table 23: North America Polyurethane Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 24: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Country 2020 & 2033
- Table 25: North America Polyurethane Industry Revenue billion Forecast, by Application 2020 & 2033
- Table 26: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Application 2020 & 2033
- Table 27: North America Polyurethane Industry Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 28: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by End-user Industry 2020 & 2033
- Table 29: North America Polyurethane Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 30: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Geography 2020 & 2033
- Table 31: North America Polyurethane Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 32: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Country 2020 & 2033
- Table 33: North America Polyurethane Industry Revenue billion Forecast, by Application 2020 & 2033
- Table 34: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Application 2020 & 2033
- Table 35: North America Polyurethane Industry Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 36: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by End-user Industry 2020 & 2033
- Table 37: North America Polyurethane Industry Revenue billion Forecast, by Geography 2020 & 2033
- Table 38: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Geography 2020 & 2033
- Table 39: North America Polyurethane Industry Revenue billion Forecast, by Country 2020 & 2033
- Table 40: North America Polyurethane Industry Volume kilograms per cubic meter Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Polyurethane Industry?
The projected CAGR is approximately 6%.
2. Which companies are prominent players in the North America Polyurethane Industry?
Key companies in the market include China Petrochemical Corp (Sinopec Group), Mitsui Chemicals Inc, LANXESS, BASF SE, Huntsman International LLC, Fujian Southeast Electrochemical Co Ltd, Dow, Covestro AG, Tosoh Corporation, Perstorp.
3. What are the main segments of the North America Polyurethane Industry?
The market segments include Application, End-user Industry, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 18.42 billion as of 2022.
5. What are some drivers contributing to market growth?
; Increasing Use of Durable Plastics in Construction; Increasing Emphasis on Recycling.
6. What are the notable trends driving market growth?
Foams Application is Expected to Hold the Largest Share of the Application Segment.
7. Are there any restraints impacting market growth?
; Volatile Raw Material Prices; Competition from Polystyrene and Polypropylene Foam.
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 billion and volume, measured in kilograms per cubic meter.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Polyurethane 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 North America Polyurethane 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 North America Polyurethane Industry?
To stay informed about further developments, trends, and reports in the North America Polyurethane 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
