Research Methodology on Electrolyte Mixes Market
This report is based on an extensive research methodology, which combines secondary and primary research as the two key components. Secondary research is conducted through published journals and reports, government and private databases, market research studies, statistical databases and the CMIE database. Primary research includes structured interviews with industry experts and opinion leaders.
Secondary research
Secondary research was conducted to gain an in-depth understanding of the global electrolyte mixes market. Published documents, such as industry magazines, press releases, governmental and trade association publications, and other industry sources, were studied and cross-referenced to attain the required data.
In addition, secondary sources such as Hoovers, Bloomberg, Factiva, and OneSource were used to identify and collect information on the market participants and their current activities. Secondary resources were also used to extract information on product categories, production processes, pricing information, respective value chains and regulatory guidelines.
Primary research
Primary research was undertaken to verify, validate, and supplement the data collected through secondary sources. The data sourced from primary research included market share information, growth trends, market acceptance, product trends, and other quantitative and qualitative information. Primary research was conducted through structured interviews with C-level executives, distributors, traders, suppliers of raw materials, and other key industry opinion leaders.
Market size and forecast
The assessment model applied for calculating the market size and forecast was based on a combination of top-down and bottom-up approaches. Multiple market scenarios were evaluated to arrive at the global and regional market size and its forecast for 2023 to 2030. The research was conducted using market share analysis, qualitative research, and pricing analysis. The market size estimations have been derived from the analysis of historical data, current trends in the market, and the advancements expected in the coming years.
Pricing analysis
Pricing analysis was conducted to study the historical price trends of electrolyte mixes. The pricing analysis also included a comparison of the pricing of electrolyte mixes with their substitutes in the current market.
Market share analysis
Market share analysis included a comparison of the market share of different players, including both global and regional players. This was done to calculate the overall market share of each player, which was then used to analyse the current and future trends in the market.
Data triangulation
Data triangulation is a process by which disparate data from both secondary and primary research is triangulated to validate the findings generated. The data from various research sources were collated, analysed, and evaluated. This authenticates the findings, thus, improving the accuracy and reliability of the research.