Research Methodology on Alkyd Resin Market
Research Methodology is a systematic and theoretical framework that explains the process of research and data collection. It is the process used to gain a better understanding of a particular phenomenon under study. In line with this, the study conducted on the Global Alkyd Resin Market covered a comprehensive research methodology that is aimed at providing an in-depth understanding of the market. The research methodology used in this study includes a combination of primary and secondary research.
Primary Research
Primary research is the process of collecting data directly from the source of investigation. Primary research techniques included interviews with various industry experts and stakeholders such as suppliers, buyers, manufacturers, industry influencers, and consultants. The interviews were organized in order to acquire insights and perspectives on the different aspects of the Global Alkyd Resin Market.
Secondary Research
Secondary research is the process of collecting data from existing sources such as industry databases, journals, magazines, government websites, and books. This helps to obtain an in-depth understanding of the Global Alkyd Resin Market and its associated trends and characteristics. The secondary research sources used for the study included an annual report of the company, SEC filings, industry association publications, World Bank publications, and key industry reports.
Bottom-up Approach
The bottom-up approach was used in the study. This approach was adopted by starting from the bottom level and progressing to the higher level. The bottom-up approach included gathering the revenue generated by a manufacturer and then determining the global alkyd resin market size.
Top-down Approach
The top-down approach was adopted by considering the total market size and then dividing it into smaller segments to assess the size of each segment. This approach was taken by assuming the global alkyd resin market size and then counting the overall market by considering each segment’s contribution.
Factor Analysis
Factor analysis is a statistical method which is used to analyze the influence of multiple explanatory variables on a single criterion variable. It was used to identify the factors that significantly influence the Global Alkyd Resin Market such as trends, drivers, restraints, and opportunities.
Time-series Analysis
Time-series analysis is a statistical method used to analyze and identify the trend of one variable over a period of time. In this study, time-series analysis was used to predict the direction of development of the Global Alkyd Resin Market in the forthcoming years.
Demand Side and Supply Side Data Triangulation
The demand-side and supply-side data triangulation technique was used to evaluate the Global Alkyd Resin Market. This technique helps to identify the actual demand in the Global Alkyd Resin Market, thereby providing an accurate estimation of the market size.
Data Synthesis
The collected data from both primary and secondary sources was synthesized to provide an in-depth understanding of the Global Alkyd Resin Market. The data was synthesized using qualitative approaches such as expert analysis and data analysis techniques.
Validation
In order to validate the authenticity of the data collected from both primary and secondary sources, a validation process was undertaken. It included an in-depth discussion with experts and validation of the gathered data from both sources.
