Research Methodology on 1-3 Propanediol Market
Market Research Future (MRFR) used a comprehensive and thorough research methodology to conduct the research required to understand the prospects for the 1, 3 propanediol (PDO) market. The research methodology was devised to sustain the expedition of comprehending the dynamics of the 1,3-PDO market.
The research methodology of the report was divided into two parts. Primary and secondary research.
Primary Research
Primary research is commonly known to be an integral part of report generation, as it helps the analyst gain direct insights into the field of the study. Encounters with industry leaders and stakeholders via interviews, opinion surveys & panel discussions augmented with an in-house data repository catalogue helped to gain a comprehensive comprehension of the 1.3-PDO market landscape. Primary research was conducted to access current market scenarios, news, updates, ongoing and upcoming trends, technological advances, etc.
Secondary Research
Secondary research included the information procurement process through online sources such as industry magazines, white papers, investor presentations, interviews with marketeers, journals, company annual reports and SEC filings, industry associations, government databases, and many other sources. A bottom-up approach, top-down approach and data triangulation methodologies were used to attract accurate insights into the future of the 1, 3 propanediol market.
Information Procurement Process in Secondary Research
MRFR structured a systematic process of researching information and validating the collected data. Single sources such as company websites, press releases, authoritative publications & certain government databases help provide detailed company information and product portfolios, which we then compared to other data sources published research papers and journals, meeting recordings, and industry whitepapers to calculate, analyze, review and extrapolate information into our analysis. On the other hand, to ensure quality data, multiple comparisons from previous reports, existing market insights, and further information kept us on track in the market. This method not only assures the analyst solves a problem statement but also aids in achieving a full assessment of the overall market.
Approaches Used
MRFR approaches used in the research were factor analysis and time-series analysis.
These approaches were applied to analyze the growth of the products & services market. Factor analysis is an augmented process of analysis which inspects the relationship between the variables in a field of inquiry, through the use of statistical methods. For this research, we used factor analysis to understand the impacts of both macro-level and micro-level influences on the 1, 3-propanediol market.
Time-series analysis is a statistical approach to forecasting that helps in understanding how the market responded in the past to certain events or factors. The relationship between the change in the demand or supply of a certain service or product and its corresponding market price was analyzed using this approach. MRFR used the stability of the time series to determine the viability of the different investments in the 1, 3-propanediol market.
Further, data triangulation techniques and demand side and supply side measures were used to assess the market during different phases.
Data Triangulation Technique
MRFR adopted a data triangulation technique to validate the obtained data and arrive at a verdict on the market growth. Further, the triangulation research method was implemented to analyze both the bottleneck opportunities & strength from the supply and demand side. This approach helped in drawing a forecast of the future of the 1, 3-propanediol market by comparison between sources.
Demand Side and Supply Side Measures
The research incorporated an inclination to provide a 360-degree view of the market. It enabled the analyst to assess a certain product or service and to tap into the market’s potential. The team evaluated the 1, 3-propanediol market with special emphasis placed on measuring the qualitative & quantitative aspects, derived through demand side and supply side measures. This approach enabled us to project the 1,3-PDO’s possible market size & growth in the upcoming years.
