

Ethylene Oxide and Ethylene Glycol Market Size and Forecast
Ethylene Oxide and Ethylene Glycol Market size was valued at USD 75.4 Billion in 2024 and is projected to reach USD 103.5 Billion by 2032, growing at a CAGR of 4.0% from 2025 to 2032.
- Ethylene oxide (EtO) is a colourless, flammable gas used as an intermediate in the production of ethylene glycol, a crucial industrial chemical. It is crucial in sterilizing medical equipment and devices that cannot withstand traditional high-temperature methods. EtO effectively kills bacteria, viruses, and fungi by disrupting their cellular processes, making it valuable in healthcare settings.
- Ethylene glycol (EG) is a colourless, odourless, sweet-tasting liquid used in automotive antifreeze and polyester fibers and PET bottles. Its excellent heat transfer properties make it useful in industrial cooling systems and aircraft deicing fluids. It is produced by reacting ethylene oxide with water. Ethylene glycol's ability to prevent ice formation makes it essential in various industries.
Global Ethylene Oxide and Ethylene Glycol Market Dynamics
The key market dynamics that are shaping the global ethylene oxide and ethylene glycol market include:
Key Market Drivers:
- Growing Demand in the Automotive Sector: Ethylene Glycol (EG), a key component in antifreeze and coolant solutions, is essential in the automotive industry due to its increasing demand. With global vehicle production exceeding 80 million units in 2023, the demand for EG is expected to rise significantly in the coming years, boosting the market's growth.
- Expansion of the Polyester and Textile Industry: Ethylene Glycol is a key raw material in producing polyester fibers and resins, widely used in textile and packaging industries. The global textile and apparel market, valued at USD 1.6 trillion in 2022, is expanding due to the increasing demand for polyester-based products due to their versatility and cost-effectiveness, according to the United Nations Industrial Development Organization.
- Rise in Construction and Infrastructure Projects: Ethylene Oxide (EO) is crucial in the production of construction materials like adhesives, coatings, and sealants. The World Bank predicts that global infrastructure investment will reach USD 94 trillion by 2040, boosting the demand for EO and EG in construction-related applications due to the growth in global infrastructure projects.
- Increasing Adoption of Sustainable and Green Solutions: The demand for sustainable and eco-friendly chemicals is increasing due to environmental concerns. Ethylene Glycol is becoming a key component of the green chemistry movement, with Europe focusing on increasing the share of bio-based chemicals. This shift towards green solutions is expected to positively impact the global Ethylene Oxide and Ethylene Glycol market.
Key Challenges
- Volatility in Raw Material Prices: Ethylene Oxide and Ethylene Glycol production relies heavily on ethylene, a fossil fuel. The price of ethylene is affected by global oil and gas prices, making it a challenge for manufacturers. In 2022, global crude oil prices increased significantly, impacting production costs and affecting market dynamics and profitability.
- Environmental and Regulatory Challenges: Ethylene Oxide (EO) is a hazardous substance due to its toxic and flammable nature, posing significant challenges in production and handling. Environmental and health regulations, including emissions and waste management, are imposed by the European Chemicals Agency (ECHA), increasing operational costs and potentially limiting expansion opportunities and slowing market growth in certain regions.
- Dependence on Limited Geographies for Production: Ethylene Oxide and Ethylene Glycol production is primarily concentrated in North America, Asia Pacific, and the Middle East, causing supply chain vulnerabilities. Geopolitical tensions or natural disasters can disrupt production in key regions, affecting global trade and potentially hindering the steady supply and market expansion of these products, according to the International Energy Agency.
- Rising Competition from Alternative Chemicals: The demand for sustainable chemicals is driving the development of biodegradable plastics and natural refrigerants, such as bio ethylene glycol. This shift challenges traditional Ethylene Glycol (EG) and ethylene glycol (EO) manufacturers due to their lower environmental impact. The U.S. Department of Energy emphasizes the importance of these alternatives, which could limit the growth prospects of traditional EO and EG manufacturers.
Key Trends
- Shift Towards Bio-Based Ethylene Glycol: The demand for bio-based Ethylene Glycol (EG) is on the rise due to the growing trend towards sustainable and environmentally friendly alternatives. EG is produced from renewable sources like sugarcane and corn, reducing reliance on fossil fuels. The U.S. Department of Energy predicts bio-based chemicals will capture 22% of the global chemical market by 2025.
- Growing Demand for Electric Vehicles (EVs): The global adoption of electric vehicles (EVs) is driving a 55% increase in demand for materials like Ethylene Glycol in EV batteries and cooling systems. In 2022, EV sales reached 10 million, indicating a consistent demand for EG in battery coolants and other vehicle components, driving growth in the Ethylene Oxide and Ethylene Glycol market.
- Expansion of Ethylene Glycol Use in Packaging: Ethylene Glycol, particularly its polyester-based derivatives, is gaining popularity in the packaging industry due to its recyclability and cost-effectiveness. The global packaging market, valued at USD 900 billion in 2021, is growing at a 4.2% annual rate. As consumer preferences shift towards eco-friendly packaging, demand for EG in PET bottles and packaging materials is expected to rise.
- Increased Production of Ethylene Oxide in Emerging Markets: Emerging economies, particularly in Asia-Pacific and the Middle East, are increasing production of Ethylene Oxide due to industrial activities and chemical production capacities. China is the leading producer, contributing over 50% of global EO output. This rapid industrialization and growth in chemical manufacturing are expected to drive market growth for EO and EG, with increased export capabilities driving global supply.
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Global Ethylene Oxide and Ethylene Glycol Market Regional Analysis
Here is a more detailed regional analysis of the global ethylene oxide and ethylene glycol market:
Asia-Pacific:
- The Asia-Pacific region, particularly China and India, plays a crucial role in the global Ethylene Oxide and Ethylene Glycol market. China's production of Ethylene Oxide exceeds 50% of global output, with its rapid industrialization driving demand for EG in various sectors such as automotive, textile, and packaging. The Chinese government has invested heavily in expanding its petrochemical industry, with projects like the USD 10 billion Ethylene project in Zhejiang Province, which is set to boost production capacities.
- Similarly, India’s growing demand for EG, driven by its booming automotive and textile industries, contributes to the region’s dominance in the global market. The region’s infrastructure improvements and increasing industrial activities are expected to maintain strong market growth in APAC.
North America:
- North America is witnessing steady growth in the Ethylene Oxide and Ethylene Glycol market due to the region’s advanced manufacturing capabilities and rising demand in the automotive and construction industries. In 2023, the United States produced over 15 million vehicles, as reported by the International Organization of Motor Vehicle Manufacturers (OICA), spurring demand for EG in automotive coolants and antifreeze solutions.
- Additionally, the U.S. petrochemical industry is focusing on expanding capacity, with a $4.5 billion investment from major chemical companies in Texas, aimed at increasing the production of EO and EG. These investments are expected to further solidify North America’s position in the global market.
Global Ethylene Oxide and Ethylene Glycol Market: Segmentation Analysis
The Global Ethylene Oxide and Ethylene Glycol Market is segmented on the basis of By Product Type, By Application
Ethylene Oxide and Ethylene Glycol Market, By Product Type
- Ethylene Glycol
- Ethoxylates
- Ethanolamine's
- Glycol Ethers
Based on Product Type, the Global Ethylene Oxide and Ethylene Glycol Market is segmented into Ethylene Glycol, Ethoxylates, Ethanolamine's, and Glycol Ethers. Ethylene Glycol dominates the global market due to its extensive use in polyester fibre and PET production, as well as its crucial role in automotive antifreeze applications. Its widespread adoption in textiles and packaging industries further solidifies its market leadership. Ethoxylates represent the fastest-growing segment, driven by increasing demand in personal care products, detergents, and industrial applications. The segment's growth is fueled by rising consumer awareness about hygiene products and the expanding manufacturing sector in developing economies.
Ethylene Oxide and Ethylene Glycol Market, By Application
- Polyester Fibers
- Antifreeze & Coolants
- PET Resins
Based on Application, the Global Ethylene Oxide and Ethylene Glycol Market is segmented into Polyester Fibers, Antifreeze & Coolants, and PET Resins. Polyester Fibers dominates the global market due to the massive demand from the textile industry, particularly in emerging economies like China and India. The segment's growth is further bolstered by the increasing preference for synthetic fabrics in fashion and technical textiles. PET Resins represents the fastest-growing segment, driven by the escalating demand for packaged beverages, growing urbanization, and shifting consumer preferences toward convenience packaging. The segment's expansion is also supported by PET's recyclability and its alignment with sustainable packaging initiatives worldwide.
Ethylene Oxide and Ethylene Glycol Market, By Geography
- Asia Pacific
- North America
- Europe
- Rest of the world
Based on Geography, the Global Ethylene Oxide and Ethylene Glycol Market is segmented into Asia Pacific, North America, Europe and rest of the world. Asia Pacific dominates the global market due to the presence of major manufacturing hubs in China and India, robust textile industry growth, and increasing demand for PET packaging. The region's leadership is further strengthened by extensive petrochemical infrastructure and growing automotive sector demanding antifreeze products. North America represents the fastest-growing region, driven by technological advancements in production processes, increasing demand for bio-based ethylene glycol, and strong presence of major manufacturers. The region's growth is also supported by stringent environmental regulations promoting sustainable production methods and rising demand from the healthcare sector for sterilization applications.
Key Players
The “Global Ethylene Oxide and Ethylene Glycol Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Shell Chemicals, SABIC (Saudi Basic Industries Corporation), Dow Inc., LyondellBasell Industries, Ineos Group, Reliance Industries Limited.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above- mentioned players globally.
Ethylene Oxide and Ethylene Glycol Market: Recent Developments
- In March 2023, SABIC announced the opening of a new Ethylene Oxide and Ethylene Glycol production facility in Jubail, Saudi Arabia. The plant, with a production capacity of 1.3 million metric tons of EG annually, is part of SABIC’s strategy to strengthen its position in the global market and support growing demand across sectors such as automotive, textiles, and packaging. The facility incorporates advanced technologies to improve production efficiency and reduce environmental impact, aligning with the company's commitment to sustainability.
- In September 2024, BASF and LyondellBasell Industries formed a strategic joint venture to develop a state-of-the-art EO/EG production facility in the U.S. Gulf Coast. The venture, valued at USD 2 billion, aims to enhance their production capabilities and meet the increasing global demand for Ethylene Glycol, especially from the growing automotive and construction industries. The project will also include innovations in energy efficiency, helping to reduce carbon emissions during production processes.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2021-2032 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2032 |
HISTORICAL PERIOD | 2021-2023 |
KEY COMPANIES PROFILED | BASF SE, Shell Chemicals, SABIC (Saudi Basic Industries Corporation), Dow Inc., LyondellBasell Industries, Ineos Group, Reliance Industries Limited. |
UNIT | Value in USD Billion |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Frequently Asked Questions
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET OVERVIEW
3.2 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET ESTIMATES AND FORECAST (USD BILLION)
3.3 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL
3.4 COMPETITIVE ANALYSIS: FUNNEL DIAGRAM
3.5 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET ABSOLUTE MARKET OPPORTUNITY
3.6 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.7 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET ATTRACTIVENESS ANALYSIS, BY PRODUCT TYPE
3.8 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET ATTRACTIVENESS ANALYSIS, BY APPLICATION TYPE
3.9 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.10 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
3.11 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
3.12 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY GEOGRAPHY (USD BILLION)
3.13 FUTURE MARKET OPPORTUNITIES
4 MARKET OUTLOOK
4.1 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET EVOLUTION
4.2 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET OUTLOOK
4.3 MARKET DRIVERS
4.4 MARKET RESTRAINTS
4.5 MARKET TRENDS
4.6 MARKET OPPORTUNITY
4.7 PORTER’S FIVE FORCES ANALYSIS
4.7.1 THREAT OF NEW ENTRANTS
4.7.2 BARGAINING POWER OF SUPPLIERS
4.7.3 BARGAINING POWER OF BUYERS
4.7.4 THREAT OF SUBSTITUTE PRODUCTS
4.7.5 COMPETITIVE RIVALRY OF EX9ISTING COMPETITORS
4.8 VALUE CHAIN ANALYSIS
4.9 PRICING ANALYSIS
4.10 MACROECONOMIC ANALYSIS
5 MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY PRODUCT TYPE
5.3 ETHYLENE GLYCOL
5.4 ETHOXYLATES
5.5 ETHANOLAMINE'S
5.6 GLYCOL ETHERS
6 MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY APPLICATION TYPE
6.3 POLYESTER FIBERS
6.4 ANTIFREEZE & COOLANTS
6.5 PET RESINS
7 MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 U.S.
7.2.2 CANADA
7.2.3 MEXICO
7.3 EUROPE
7.3.1 GERMANY
7.3.2 U.K.
7.3.3 FRANCE
7.3.4 ITALY
7.3.5 SPAIN
7.3.6 REST OF EUROPE
7.4 ASIA PACIFIC
7.4.1 CHINA
7.4.2 JAPAN
7.4.3 INDIA
7.4.4 REST OF ASIA PACIFIC
7.5 LATIN AMERICA
7.5.1 BRAZIL
7.5.2 ARGENTINA
7.5.3 REST OF LATIN AMERICA
7.6 MIDDLE EAST AND AFRICA
7.6.1 UAE
7.6.2 SAUDI ARABIA
7.6.3 SOUTH AFRICA
7.6.4 REST OF MIDDLE EAST AND AFRICA
8 COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 KEY DEVELOPMENT STRATEGIES
8.3 COMPANY REGIONAL FOOTPRINT
8.4 ACE MATRIX
8.4.1 ACTIVE
8.4.2 CUTTING EDGE
8.4.3 EMERGING
8.4.4 INNOVATORS
LIST OF TABLES AND FIGURES
TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 2 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 3 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 4 GLOBAL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY GEOGRAPHY (USD BILLION)
TABLE 5 NORTH AMERICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY COUNTRY (USD BILLION)
TABLE 6 NORTH AMERICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 7 NORTH AMERICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 8 U.S. ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 9 U.S. ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 11 CANADA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 12 MEXICO ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 14 EUROPE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY COUNTRY (USD BILLION)
TABLE 15 EUROPE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 17 GERMANY ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 18 GERMANY ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 19 U.K. ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 21 FRANCE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 22 FRANCE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 24 ITALY ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 25 SPAIN ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 27 REST OF EUROPE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 28 REST OF EUROPE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 30 ASIA PACIFIC ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 31 ASIA PACIFIC ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 33 CHINA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 34 JAPAN ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 36 INDIA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 37 INDIA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 39 REST OF APAC ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 40 LATIN AMERICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY COUNTRY (USD BILLION)
TABLE 41 LATIN AMERICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 43 BRAZIL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 44 BRAZIL ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 46 ARGENTINA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 47 REST OF LATAM ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 49 MIDDLE EAST AND AFRICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY COUNTRY (USD BILLION)
TABLE 50 MIDDLE EAST AND AFRICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 52 UAE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 53 UAE ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 55 SAUDI ARABIA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 56 SOUTH AFRICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY PRODUCT TYPE (USD BILLION)
TABLE 57 SOUTH AFRICA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 59 REST OF MEA ETHYLENE OXIDE AND ETHYLENE GLYCOL MARKET, BY APPLICATION (USD BILLION)
TABLE 60 COMPANY REGIONAL FOOTPRINT
Report Research Methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
Perspective | Primary Research | Secondary Research |
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Supplier side |
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Econometrics and data visualization model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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