Methyl Methacrylate (MMA) Market Report, by Application (Polymethyl Methacrylate (PMMA), Surface Coating, and Others), by End-use Industry (Building & Construction, Automotive, Electronics, Aerospace, Paints & Coatings, Medical, and Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook and Opportunity Analysis 2018-2026

  • Published On : Apr 2019 |
  • Pages : 208 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

­­­Global Methyl Methacrylate (MMA) Market – Insights

Methyl Methacrylate (MMA) is a monomer and is also known as methacrylic acid or methyl ester. Major applications of methyl methacrylate include, vinyl impact modifiers, illuminated light displays, adhesives, safety gazing, exterior paints, and others. MMA finds applications in various end-use industries such as building & construction, electronics, automotive, aerospace, paints & coating, medical, and others. Increasing demand for MMA from end-use industries is expected to propel growth of the global methyl methacrylate market.

Among applications, the polymethyl methacrylate (PMMA) segment accounted for the largest market share in 2018, in terms of revenue. PMMA is a transparent thermoplastic synthesized by polymerization of methyl methacrylate. It is also known as acrylic glass. PMMA is extensively used in the manufacturing of various automotive parts and components, door entry strips, automotive glazing, indicator light covers, and decorative trims. This is owing to key features of PMMA such as light weight, high scratch resistance, durability, gloss, rigidity, stability, and strength.

Other applications of methyl methacrylate include panels and lighting displays, outdoor lighting fixtures, plumbing fixtures and components, PVC impact modifiers, metal & foil coatings, floor polishes, sealants, inks, packaging, textile finishes, industrial finishes, and shatterproof glass replacements.

Among end-use industry, the building & construction segment accounted for significant market revenue share in the global methyl methacrylate market in 2018. This is owing to significant growth in the building & construction sector. For instance, the residential construction sector was valued at US$ 515.9 billion in 2017, which was witnessed a 10.6 % increase over 2016 in the U.S. according to the data provided by the U.S. Census Bureau. Building & construction industry uses MMA for making products such as windows, domes, and port-holes. Therefore, increasing uses of MMA in the building & construction sector is expected to contribute to growth of the methyl methacrylate market over the forecast period.

However, adverse effects of MMA on human health are expected to hinder growth of the market. According to the European Chemicals Agency, methyl methacrylate is reported to cause irritation in skin, eyes, and mucous membranes in humans. Adverse respiratory effects are reported in humans following acute and chronic exposures to MMA. Respiratory symptoms were observed following acute exposures including tightening of chest, dyspnea, coughing, and wheezing amongst others. Neurological symptoms such as cluster headaches have also been reported in humans following acute exposure to MMA. This scenario is expected to hamper growth of the methyl methacrylate market over the forecast period.

Figure 1. Global Methyl Methacrylate (MMA) Market Share, By Region, 2018

Source: Coherent Market Insights, 2018-19

The global methyl methacrylate market was valued at US$ 7,191.1 million in 2018, and is expected to register a CAGR of 4.5% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 10,640.2 million by 2027.

Asia Pacific accounted for the largest market share in the global methyl methacrylate market in 2018, owing to increasing demand for electronics and automobiles supported by increasing population and disposable income of the populace in the region. According to the International Organization for Motor Vehicles Manufacturers (OICA), the motor vehicle production in Asia Pacific was around 47.78 million units in 2015, which increased to 52.45 million units in 2018.

Increasing vehicle production leads to high demand for methyl methacrylate as it is used in automotive interior and exterior parts such as windows, windshields, panels, trim, bumpers, and fenders. This is owing to properties of MMA such as good surface hardness, abrasion resistance, and UV resistance.

Figure 2. Global Methyl Methacrylate (MMA) Market Share, By End-use Industry, 2018

Source: Coherent Market Insights, 2018-19

South America is expected to witness the fastest growth in the global methyl methacrylate over the forecast period. This is owing to increasing demand for electronics and automobiles and significant growth of the construction industry in Brazil and Argentina. According to U.S. International Trade Administration, Brazil has the largest automotive market and is the largest producer of automobiles in South America, with sales of over 2 million units in 2018.

Major players operating in the methyl methacrylate market include, BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, Asahi Kasei Corporation, and DowDuPont. Inc.

Furthermore, key players in the market are focused on adopting strategies such as technological development and collaborations in order to strengthen their footprint in the global methyl methacrylate market. For instance, In October 2017, Evonik Industries AG is focusing on development of a new process for producing methyl methacrylate (MMA) for specialty applications such as contact lenses and adhesives. The new technology is called Lima and is currently being tested at a pilot plant in Darmstadt, which is expected to boost sales of the company in the near future.

Methyl methacrylate (MMA) is an organic compound and a colorless monomer compound. MMA is used in the production of polymethyl methacrylate (PMMA) and surface coatings. PMMA is a transparent thermoplastic used as a shatter-resistant option to glass. PMMA is used in the form of sheets to produce mobile phone screens, LCD screens, and monitors, owing to its excellent tensile strength, flexural strength, transparency, polishing, UV tolerance, and scratch resistance properties. Therefore, increasing demand for PMMA is expected to boost growth of the methyl methacrylate market over the forecast period.

MMA is used in the production of diverse range of consumer products such as TV and electronic screens, automotive plastics, dental and orthodontic products, signage, windows, household acrylic paints, coatings, and adhesives. Therefore, increasing electronics production is expected to boost growth of the market. For instance, according to India Brand Equity Foundation (IBEF), India electronics industry is expected to increase with a CAGR of 24.4% to US$ 400 billion from US$ 69.6 billion in 2012.

Market Dynamics

Among end-use industry, the building & construction segment is expected to witness significant market share in the global methyl methacrylate market. In 2018, the segment accounted for 30% share in the global methyl methacrylate market in terms of revenue. Methyl methacrylate is used in building and construction activities as a binder for concrete admixtures, industrial flooring, liquid water proofing compounds, reactive road marking systems, and concrete repair compounds.

Among regions, Asia Pacific held dominant position in the global methyl methacrylate market, in terms of revenue share, in 2018. This is owing to increasing production of automobiles and high use of MMA in making building & construction interior and exterior parts of vehicles. South America is expected to record fastest growth in the market over the forecast period. This is owing to increasing demand for automotive and growth of the housing sector in Argentina and Brazil. According to the U.S. International Trade Administration, Brazil has the largest automotive market coupled with largest producer of automobile in South America with the sales of more than 2 million units in 2018.

Key features of the study:

  • This report provides in-depth analysis of methyl methacrylate market and provides market size (US$ Million & KT) and Cumulative Annual Growth Rate (CAGR%) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global methyl methacrylate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include, DowDuPont Inc., BASF SE, Evonik Industries AG, Arkema Group, The Dow Chemical Company, Akzo Nobel N.V., Sumitomo Chemical Company Limited, Chi Mei Corporation, and Asahi Kasei Corporation
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
  • The global methyl methacrylate market report caters to various stakeholders in this industry including investors, suppliers, methyl methacrylate manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the methyl methacrylate market

Detailed Segmentation:

  • Global Methyl Methacrylate Market, By Application:
    • Polymethyl Methacrylate (PMMA)
    • Surface Coatings
    • Others
  • Global Methyl Methacrylate Market, By End-use Industry:
    • Building & Construction
    • Automotive
    • Electronics
    • Aerospace
    • Paints & Coatings
    • Medical
    • Others
  • Global Methyl Methacrylate Market, By Geography:
    • North America
      • U.S.
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Canada
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Mexico
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
    • South America
      • Brazil
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Argentina
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Rest of South America
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
    • Europe
      • Germany
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Italy
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • France
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Rest of Europe
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
    • Asia Pacific
      • China
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • India
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Japan
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • South Korea
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Rest of Asia Pacific
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
    • Middle East & Africa
      • Middle East
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
      • Africa
        • By Application:
          • Polymethyl Methacrylate (PMMA)
          • Surface Coatings
          • Others
        • By End-use Industry:
          • Building & Construction
          • Automotive
          • Electronics
          • Aerospace
          • Paints & Coatings
          • Medical
          • Others
  • Company Profiles
    • DowDuPont Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE
    • Evonik Industries AG
    • Arkema Group
    • The Dow Chemical Company
    • Akzo Nobel N.V.
    • Sumitomo Chemical Company Limited
    • Chi Mei Corporation
    • Asahi Kasei Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End-Use Industry
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER Analysis
      • Industry Trend
      • Mergers and Acquisitions
    • Cost Tier Down Analysis
  4. Global Methyl Methacrylate (MMA) Market, By Application, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Polymethyl methacrylate (PMMA)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
        • Acrylic Sheet
        • Fabricated Products
    • Surface Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
  5. Global Methyl Methacrylate (MMA) Market, By End-Use Industry, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Building & Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Aerospace
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Paints & Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Medical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
  6. Global Methyl Methacrylate (MMA) Market, By Region, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
    • South America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Rest of South America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
    • Middle East & Africa
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Middle East
          • Regional Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
        • Africa
          • Regional Trends
          • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & KT)
          • Market Size and Forecast, By End-Use Industry, 2017- 2027  (US$ Million & KT)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • DowDuPont Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Evonik Industries AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Akzo Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sumitomo Chemical Company Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chi Mei Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Asahi Kasei Corporation  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 112 market data tables* and 20 figures* on "Methyl Methacrylate (MMA) Market” - Global forecast to 2027.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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