Research Methodology on Polyisobutylene Market
1. Introduction
The research aims to gain an in-depth understanding of the market dynamics of the global polyisobutylene (PIB) market. PIB is a type of linear-chain, synthetic rubber, which is high-temperature stable, and therefore used as a key ingredient in several products owing to its characteristics related to adsorption and impermeability. It is extensively used in many end-use industries such as adhesives, automotive, electrical & electronics, construction, and packaging, among others. This research report was prepared to analyze and delineate the current trends in this market.
2. Research Methodology
2.1. Information Procurement Process
In upcoming sections, the research methodology used for the report on the Global Polyisobutylene Market will be discussed in detail. A combination of primary research ( via questionnaires in the form of structured/semi-structured interview sessions with industry experts) and secondary research was used for the purpose of collecting information.
Secondary research included a thorough consultation of relevant sources such as company websites, financial reports, press releases, SEC filings, market reports, news articles, investor presentations, journal articles, trade associations, and directories. The research also included references to past research papers and studies, internal and external proprietary databases, additional statistical material from government websites & regulations, and proprietary databases.
The primary research was used to gain opinion from industry experts and was done in the form of structured (pre-defined list of questions to both internal & external stakeholders) and semi-structured interviews (follow-up questions to explore the answers given during the structured interview) sessions. This method was used to obtain detailed information from industry experts and gain a comprehensive market understanding.
2.2. Approaches Used
For a complete analysis of the Global Polyisobutylene Market, the data sourcing and market sizing approach includes -
• Bottom-Up approach: This approach was used to derive the market size of the global market by summing up of revenues of major players operating in the industry. To extensively validate the data collected through the Bottom-Up approach, the analysts conducted several interviews with key industry experts from both inside and outside organizations.
• Top-Down approach: The analysts have initially calculated the market size of the segments, propelled by dividing the whole market into respective parts based on the application and region. Later, the total market size is collected by generating the summation of the estimated size of all segments.
• Factor Analysis: This approach can be utilized to assess the major growth drivers affecting the market for each region and segment. This statistical technique is highly helpful for understanding and verifying the impact of external and internal factors, and this approach was used for understanding the overall impact of the different factors' interactions.
• Time-Series Analysis: This approach was used to extrapolate the market growth by using historical data to determine future growth, which enabled us to analyze the market growth over the estimated period from 2023 to 2030.
• Demand and Supply-side Data Triangulation: Data collected from the secondary sources were verified and analyzed by triangulating the same with demand, supply, and outputs from multiple sources. This method was used to eliminate any disparities in the data.
3. Conclusion
The objective of this research was to gain an in-depth understanding of the market dynamics of the global polyisobutylene market. The proposed research methodology engaged both primary and secondary research activities in a systematic manner. The primary research enabled the collection of structured and semi-structured interviews from industry experts. Moreover, approaches such as the bottom-up approach, top-down approach, factor analysis, time-series analysis and demand-side and supply-side data triangulation were used to analyse the collected data. With the help of these approaches, a comprehensive understanding of the market was obtained. The research aims to provide readers with pertinent insights into the market.
