Lightweight Aggregate Concrete Market

Lightweight Aggregate Concrete Market Trends & Growth Analysis – Latest Insights

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12512
  • Published Date: Aug, 2024
  • Pages: 239
  • Category: Chemicals & Materials
  • Format: PDF
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Market Dynamics

Drivers

  • Increasing demand for non-traditional, sustainable, and economical concrete across the globe

The lightweight aggregate concrete is considered as a potential replacement of regular weight concrete (NWC) as it helps to reduce the dead load of the structure which will result in less pressure on foundations and most importantly less volume of its structural elements. This eventually will cause the reduction of the construction cost of the overall construction. Lower bulk density and specific gravity of the lightweight aggregate than normal-weight aggregate proves it potential for use in lightweight concrete development with reasonable workability. Thus, with these benefits, lightweight aggregate concrete material is set to hit the construction industry market across the globe.

  • Growing construction activities boosting the growth of the market

The lightweight aggregate concrete market is witnessing the significant growth, owing to increasing construction activities across the globe. The growing demand for the residential and commercial buildings, due to rising population is expected to be one of the key factors for the growth. In addition to this, various government initiative for smart city development and infrastructure development, further driving the construction activities across the globe.

Restraints

  • High production cost

The high cost of the production of artificial lightweight aggregates is high due to high raw materials and energy consumption requirement. In addition to this, the average estimated cost of LWA in U.S. is USD 67.5/ton, which is significantly higher than the costs of conventional aggregates. Thus, high price is anticipated to hinder the market growth over the forecast period.

Opportunities

  • Growing infrastructure activities in the developing countries

There is a high gap in infrastructure of emerging countries as compared to the developed countries. However, the rising investment in the various infrastructure such as road, bridges, rail etc. in the developing countries, offering future growth opportunities for lightweight aggregate concrete in the coming years. The increase in infrastructure spending, particularly in countries such as India, Indonesia, China, and Malaysia, further boosting the growth of the market.

Challenges

  • Brittleness and slow mixing time could hamper the market growth

One of the principal issues associated with lightweight aggregate concrete is the brittleness. The brittle nature of lightweight aggregate concrete leads to precipitated and sudden failure. In fact, lightweight concrete requires large amounts of transverse reinforcement steel due to its fragile nature. In addition to this, slow mixing time than the normal aggregates is anticipated to hamper the market growth over the forecast period.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Air Dry Unit Weight
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand for non-traditional, sustainable and economical concrete across the globe
          5.2.2. Growing construction activities boosting the growth of market
    5.3. Restrains
          5.3.1. High production cost
    5.4. Opportunities
          5.4.1. Growing infrastructure activities in the developing countries
    5.5. Challenges
          5.5.1. Brittleness and slow mixing time could hamper the market growth

6. Global Lightweight Aggregate Concrete Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Natural Materials
    6.3. By-Products

7. Global Lightweight Aggregate Concrete Market Analysis and Forecast, By Air Dry Unit Weight
    7.1. Segment Overview
    7.2. Low Density Concrete
    7.3. Moderate Strength Concrete
    7.4. Structural Concrete

8. Global Lightweight Aggregate Concrete Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Civil Construction
    8.3. Infrastructure Construction
    8.4. Industrial Construction

9. Global Lightweight Aggregate Concrete Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Lightweight Aggregate Concrete Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Lightweight Aggregate Concrete Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Cimentos de Portugal, SGPS, S.A. (CIMPOR)
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Cemex
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. LafargeHolcim Ltd
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. CRH plc
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Italcementi
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. China Resources Cement
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Votorantim
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. U.S. Concrete, Inc.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Buzzi Unicem
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. HeidelbergCement Group
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. SCG
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Litagg Corporation
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Lafarge
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis

List of Table

1. Global Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

2. Global Natural Materials Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

3. Global By-Products Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

4. Global Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

5. Global Low Density Concrete, Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

6. Global Moderate Strength Concrete, Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

7. Global Structural Concrete, Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

8. Global Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

9. Global Civil Construction Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

10. Global Infrastructure Construction Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

11. Global Industrial Construction Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

12. Global Lightweight Aggregate Concrete Market, By Region, 2020–2033 (USD Billion) (Kilotons)  

13. Global Lightweight Aggregate Concrete Market, By North America, 2020–2033 (USD Billion) (Kilotons) 

14. North America Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

15. North America Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

16. North America Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

17. U.S. Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

18. U.S. Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

19. U.S. Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

20. Canada Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

21. Canada Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

22. Canada Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

23. Mexico Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

24. Mexico Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

25. Mexico Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

26. Europe Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

27. Europe Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

28. Europe Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

29. Germany Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

30. Germany Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

31. Germany Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

32. France Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

33. France Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

34. France Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

35. U.K. Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

36. U.K. Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

37. U.K. Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

38. Italy Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

39. Italy Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

40. Italy Lightweight Aggregate Concrete Market, By Application, 2016–2026 (USD Million)(Kilotons)

41. Spain Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

42. Spain Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

43. Spain Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

44. Asia Pacific Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

45. Asia Pacific Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

46. Asia Pacific Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

47. Japan Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

48. Japan Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

49. Japan Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

50. China Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

51. China Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

52. China Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

53. India Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

54. India Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

55. India Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

56. South America Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

57. South America Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

58. South America Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

59. Brazil Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

60. Brazil Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

61. Brazil Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

62. Middle East and Africa Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

63. Middle East and Africa Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

64. Middle East and Africa Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

65. UAE Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

66. UAE Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

67. UAE Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

68. South Africa Lightweight Aggregate Concrete Market, By Type, 2020–2033 (USD Billion) (Kilotons) 

69. South Africa Lightweight Aggregate Concrete Market, By Air Dry Unit Weight, 2020–2033 (USD Billion) (Kilotons) 

70. South Africa Lightweight Aggregate Concrete Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

List of Figures 

1. Global Lightweight Aggregate Concrete Market Segmentation

2. Lightweight Aggregate Concrete Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Lightweight Aggregate Concrete Market Attractiveness Analysis By Type

9. Global Lightweight Aggregate Concrete Market Attractiveness Analysis By Air Dry Unit Weight

10. Global Lightweight Aggregate Concrete Market Attractiveness Analysis By Application

11. Global Lightweight Aggregate Concrete Market Attractiveness Analysis By Region

12. Global Lightweight Aggregate Concrete Market: Dynamics

13. Global Lightweight Aggregate Concrete Market Share by Type (2023 & 2033)

14. Global Lightweight Aggregate Concrete Market Share by Air Dry Unit Weight (2023 & 2033)

15. Global Lightweight Aggregate Concrete Market Share by Application (2023 & 2033)

16. Global Lightweight Aggregate Concrete Market Share by Regions (2023 & 2033)

17. Global Lightweight Aggregate Concrete Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global lightweight aggregate concrete market on the basis of below mentioned segments:

Global Lightweight Aggregate Concrete Market by Material Type:

  • Natural Materials
  • By-Products

Global Lightweight Aggregate Concrete Market by Air Dry Unit Weight:

  • Low Density Concrete
  • Moderate Strength Concrete
  • Structural Concrete

Global Lightweight aggregate concrete Market by Application:

  • Civil Construction
  • Infrastructure Construction
  • Industrial Construction

Global Lightweight aggregate concrete Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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