Research Methodology on Expandable Microspheres Market
1. Introduction
The global expandable microspheres market is expected to gain momentum in the coming years. Expandable microspheres are composite particles containing a polymer shell and a gas-filled void core, which are used in various end-use industries such as building & construction, automotive, aerospace, consumer goods, healthcare, and others. Increasing demand for lightweight and high-stiffness materials and the growing use of expandable microspheres in 3D printing are among the major drivers for the global expandable microspheres market.
This research report provides an in-depth analysis of the global expandable microspheres market and covers the following aspects:
• Market segmentation
• Drivers
• Restraints
• Opportunities
• Regional analysis
• Major companies
To present an accurate picture of the market, a thorough research and study of the market trends of the global expandable microspheres market is presented in this report.
2. Research Methodology
This report has been compiled using the research methodology. It began with building guidelines based on the objectives of the research. Then, a hypothesis was developed and data collection methods were finalized. Transactions were validated through industry experts and industry conglomerates in terms of the validity and accuracy of data. Further, the primary data was analyzed based on Porter's Five Forces Model.
The report also contains data collected from multiple sources which include but are not limited to the International Journal of Advanced Manufacturing Technology, and Science Direct. This data was collected through external research and analyzed via authoritative databases, secondary data sources and in-house databases.
2.1 Research Objectives
The primary objective of the research was to gain in-depth knowledge about the global Expandable Microspheres Market. The secondary objectives involved:
• To present an in-depth analysis of the market structure along with a forecast of the various segments and sub-segments of the global Expandable Microspheres Market
• To provide insights about factors influencing and affecting the market growth
• To analyze the market based on Porter’s Five Forces Model
• To provide historical and forecast revenue of the market segments and sub-segments concerning regional and country-level markets
• To provide country-level analysis of the market concerning the current market size and future prospective
• To provide country-level analysis of the market for segment by application, material, end-use industry and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Expandable Microspheres Market
2.2 Primary Research
The primary research forms the bulk of our research efforts, supplemented by extensive secondary research. We conducted interviews with industry experts, industry players, distributors, and opinion leaders. Industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the global expandable microspheres market were contacted for primary interviews.
2.2.1 Industry Experts
Interviews were conducted with senior executives, including CEOs, VPs, directors, and other key executives from the main players of the global expandable microspheres market.
2.2.2 End Users
Interviews and discussions were also conducted with several end-users, such as engineers, architects, and building & construction industry experts.
2.3 Secondary Research
Secondary research includes understanding specific market trends, global market tracking, market intelligence, and various market research reports. Secondary research data is primarily collected from industry bodies, including international organizations and global organizations, trade associations, magazines, and various other sources.
2.3.1 Journals/Magazines/Library
Under the secondary research, we referred to various journals, magazines, and libraries. We referred to academic journals such as “The International Journal of Advanced Manufacturing Technology” and “Polymer Degradation and Stability”, and various other magazines and libraries. We also referred to white papers, both published and unpublished.
2.3.2 Databases
Various databases were referred to for understanding the global expandable microspheres market. These databases provided us with deep insights into the global market.
2.3.3 Online Resources
We also referred to numerous online sources such as company websites, company annual reports, financial reports, industry magazines, and other sources for understanding the global expandable microspheres market.
2.4 Approaches Used
Various approaches were used to understand the global expandable microspheres market:
2.4.1 Bottom-up Approach
The bottom-up approach was initially used to estimate the global market size of expandable microspheres in terms of value in 2022, which was later validated by the top-down approach. The bottom-up approach was employed by analyzing the revenues of the key players and their regional presence.
2.4.2 Top-down Approach
The top-down approach was used after estimating the market with the bottom-up approach, to validate the overall global expandable microspheres market size, in terms of value. This approach was employed by calculating the global market size with the help of secondary sources and primary interviews, which included different regions and sub-segments.
2.4.3 Factor Analysis
Apple’s factor analysis was employed to understand the impact of various factors such as technological advancements, supply chains, economic indicators, etc. on the market.
2.4.4 Time-series Analysis
Time-series analysis was conducted to evaluate the impact of past and present years’ trends on the future of the expandable microspheres market.
2.4.5 Demand Side and Supply Side Data Triangulation
Various research techniques such as demand-side data triangulation (sales data) and supply-side data triangulation (production data) were used to validate the market estimations.
2.5 Market Estimation
The estimated values along the axis (X-axis) represented the estimated market size, and the values along the axis (Y-axis) represented the referenced data. We aim to present an in-depth picture of the entire market which was further achieved by triangulating the data from the demand side, the supply side, and the databases.
2.6 Market Breakdown
The global expandable microspheres market was split into different segments and sub-segments. We provided an in-depth analysis of the market size estimates of every segment and sub-segment, which was later validated by industry experts and end-users.
2.7 Assumptions
The research process involved the following assumptions:
• The market size of the expandable microspheres market has been calculated based on revenue generated from the sale of expandable microspheres in the global market.
• The pricing of expandable microspheres has been considered based on the type of product, application, and region.
• The economic factors such as GDP and inflation rate have been considered to be stable during the forecast period.
3. Conclusion
This report provides a detailed analysis of the global expandable microspheres market and allows for a better understanding of the market. The research methodology offers a comprehensive view of the market and provides detailed insights into the market structure. The report draws from primary and secondary research sources industry experts and industry conglomerates to provide a comprehensive picture of the global expandable microspheres market.
