Research Methodology on Water Repellent Agent Market
For the purpose of this research study, Market Research Future (MRFR) has followed a thorough research methodology to conduct research for the global water-repellent agent market. The study will encompass information collected from primary & secondary sources. Secondary resources will include magazines, databases, news websites & other web sources. The primary resource will include interviews with key executives, manufacturers, stakeholders, market watchers & industry experts.
Secondary source
The information about the global water repellent agent market was developed and collated by Market Research Future (MRFR) using various sources such as company websites, government publications, annual reports, whitepapers, industry watchers, market watchers and industry experts. The secondary information was collated by these sources through several methods such as online and offline. The information was collected and analyzed to develop a holistic view of the market trends, developments, drivers, restraints, and opportunities of the global water repellent agent market.
Primary sources
To provide a more granular view of the market, insights, opinions, and experiences of industry experts were taken into account. Industry experts were contacted through interviews conducted either over the phone or through an online meeting. The interviews revolved primarily around understanding the industry more in-depth, the current market trends, projected market scenarios, growth of the global water repellent agent market, technological advancements, opportunities, and regulatory policies.
To understand the current market trends of the global water repellent agent market, Market Research Future benchmarked the research using a bottom-up approach, a top-down approach, and a combination of both (triangulation). The bottom-up approach was used to arrive at the global market size, while the top-down approach was used to understand market dynamics, drivers, opportunities, and restraints.
The key market players were tracked in the form of primary research. Secondary sources included other market watchers, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva and other social media and paid websites. All these activities were conducted to obtain a fully holistic view of the global water repellent agent market.
Data Triangulation
Data triangulation involves collecting data from multiple sources and using it to arrive at an estimate. For the global water repellent agent market, data triangulation was done along various parameters to validate the exact size of the market and ensure the authenticity of the results.
Specific sources of information used in the research were the demand side – consumers of the products and industry experts and the supply side – manufacturers of the product and raw material suppliers. Along with these, the research also incorporates a top-down approach which includes macro-economic factors.
The data triangulation process for the water repellent agent market comprises supplier surveys, customer feedback, consumer surveys, and distribution channel analysis. Additionally, the rate of new product introductions or product discontinuations was also taken into account to understand the dynamics of the global water repellent agent market.
Time-series Analysis
The water repellent agent market data was studied for present and forecasted period 2023 to 2030. To understand the future market outlook, the market was examined using various factors such as historical development trends, technology trends, industry trends, market development strategies, product/end-user developments & developments of new products.
The market was analyzed across parameters such as technology trends, consumer trends, and influencer trends. It was also examined on the basis of regional trends, competitive strategies, as well as economic trends. The information was also used to perform a factor analysis in order to understand the likely effects of certain factors on the growth of the global water repellent agent market.
Overall, the research methodology used by MRFR is considered a combination of innovative approaches to accurately estimate the global water repellent agent market and provides a realistic outlook on the progress of the market over the forecasted period. The research methodology comprises desk research and primary interviews along with a systematic analysis of the secondary data.