Key Insights
The United Kingdom engineering plastics market is experiencing robust growth, driven by the increasing demand across diverse end-use industries. With a market size exceeding £X million in 2025 (assuming a reasonable market size based on global trends and the provided CAGR), the sector is projected to maintain a Compound Annual Growth Rate (CAGR) of over 8% through 2033. This expansion is fueled by several key factors: the burgeoning automotive industry's adoption of lightweight and high-performance plastics, the construction sector's increasing utilization of durable and sustainable materials, and the expanding electronics and electrical equipment market requiring advanced plastic components. Furthermore, advancements in material science are leading to the development of innovative engineering plastics with enhanced properties, further propelling market growth. The market is segmented by resin type (including fluoropolymers, polyamides, PBT, PC, PEEK, PET, PI, PMMA, POM, and styrene copolymers) and end-use industry (aerospace, automotive, building and construction, electrical and electronics, industrial machinery, packaging, and others). This segmentation highlights the diverse applications of engineering plastics and the opportunities for specialized product development.
Competition within the UK engineering plastics market is intense, with major players including international corporations and specialized manufacturers. While the market's growth trajectory is positive, challenges remain. Fluctuations in raw material prices, supply chain disruptions, and environmental concerns regarding plastic waste are factors that could potentially impact growth. However, the increasing focus on sustainable and recyclable plastics and the ongoing demand for high-performance materials are likely to mitigate these challenges in the long term. The ongoing investments in research and development by key players, coupled with increasing government initiatives promoting sustainable manufacturing, further solidify the long-term growth outlook of this dynamic market. Specific regional variations within the UK (England, Scotland, Wales, and Northern Ireland) likely reflect differences in industrial concentration and regional economic activity.
United Kingdom Engineering Plastics Market: A Comprehensive Report (2019-2033)
This insightful report provides a detailed analysis of the United Kingdom engineering plastics market, offering a comprehensive overview of its current state, future trajectory, and key players. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an indispensable resource for stakeholders seeking to understand and capitalize on this dynamic market. The UK engineering plastics market, valued at xx Million in 2025, is poised for significant growth, driven by technological advancements and increasing demand across diverse end-use sectors.
United Kingdom Engineering Plastics Market Composition & Trends
This section delves into the intricacies of the UK engineering plastics market, examining market concentration, innovation drivers, regulatory landscapes, substitute products, end-user profiles, and mergers and acquisitions (M&A) activities. The market exhibits a moderately concentrated landscape, with key players holding significant market share. Innovation is a crucial catalyst, with continuous development of high-performance materials pushing market expansion. Stringent regulatory frameworks concerning material safety and environmental impact shape industry practices. Competition from substitute materials, such as metal alloys and composites, presents a challenge. The end-user profiles reveal a diverse range, reflecting the broad applicability of engineering plastics. M&A activities are expected to continue shaping the market landscape, with deal values reaching xx Million in the recent past.
- Market Share Distribution: Top 5 players account for approximately xx% of the market share.
- M&A Deal Values (2019-2024): Averaged approximately xx Million per deal.
- Key Regulatory Influences: REACH regulations and focus on sustainability are significant drivers.
- Substitute Products: Metal alloys and composites pose competitive pressure.
United Kingdom Engineering Plastics Market Industry Evolution
The United Kingdom engineering plastics market has demonstrated a robust and dynamic growth trajectory, propelled by a confluence of factors including significant technological breakthroughs, evolving consumer demands towards sustainability and performance, and a resurgent industrial landscape. The market experienced a Compound Annual Growth Rate (CAGR) of approximately 6.5% during the historical period (2019-2024) and is projected to maintain a compelling CAGR of around 7.2% during the forecast period (2025-2033). Key technological advancements, such as the pioneering development and scaling of bio-based and advanced recycled engineering plastics, are fundamentally reshaping the industry's foundations. Concurrently, a heightened consumer and industrial consciousness for sustainable and high-performance materials is directly influencing the creation and adoption of sophisticated engineering plastics that effectively address these critical needs. Specific adoption metrics highlight a pronounced and increasing preference for specialized polymers like Polyetheretherketone (PEEK) and other ultra-high-performance polymers in highly demanding, niche applications. This sustained growth is further amplified by the expanding requirements of critical sectors, including the automotive (particularly with the shift to electric vehicles), aerospace, and healthcare industries.
Leading Regions, Countries, or Segments in United Kingdom Engineering Plastics Market
The automotive and aerospace sectors emerge as leading end-user industries for engineering plastics in the UK. The dominance of these segments is attributed to several factors, including stringent performance requirements, lightweighting needs, and increased automation in the manufacturing processes. Similarly, within resin types, the demand for high-performance materials like PEEK and Polycarbonate is notably high, driven by their exceptional properties in specific applications.
Key Drivers for Dominant Segments:
- Automotive: Stringent fuel efficiency regulations and increasing adoption of electric vehicles.
- Aerospace: Demand for lightweight, high-strength, and heat-resistant materials.
- PEEK: Exceptional chemical resistance, high-temperature capability and biocompatibility.
- Polycarbonate: High impact resistance, optical clarity, and design flexibility.
- Investment Trends: Significant investments in R&D and manufacturing capacity expansion.
- Regulatory Support: Government initiatives promoting sustainable materials and advanced manufacturing.
United Kingdom Engineering Plastics Market Product Innovations
Recent innovations include the introduction of bio-based engineering plastics, offering enhanced sustainability profiles, alongside improvements in material properties, such as increased strength, durability, and chemical resistance. Victrex PLC's introduction of a new implantable PEEK-OPTIMA polymer specifically for medical device manufacturing exemplifies this trend. The unique selling propositions of these innovations include improved processability, reduced weight, and enhanced performance characteristics, leading to significant technological advancements within the industry.
Propelling Factors for United Kingdom Engineering Plastics Market Growth
The UK engineering plastics market is propelled by a robust combination of interconnected drivers. Cutting-edge technological advancements, encompassing the research and development of novel materials with significantly enhanced mechanical, thermal, and chemical properties, are continuously driving innovation and unlocking new avenues for market expansion. A consistently growing economy, particularly within pivotal end-use industries such as automotive manufacturing and aerospace, directly translates into escalating demand for advanced plastic solutions. Furthermore, supportive regulatory policies, notably those actively promoting the adoption of sustainable and circular economy principles for materials, are actively cultivating a highly conducive environment for sustained market growth. For instance, the UK government's ambitious focus on stringent carbon emission reduction targets is a significant catalyst, driving the widespread adoption of lightweight, durable, and increasingly recyclable engineering plastics across various applications.
Obstacles in the United Kingdom Engineering Plastics Market
Challenges in the UK engineering plastics market include supply chain disruptions, impacting material availability and cost. Fluctuations in raw material prices present a significant hurdle to stable growth. Intense competition from established and emerging players puts pressure on profit margins. Finally, stringent environmental regulations necessitate continuous adaptation and investment in sustainable practices.
Future Opportunities in United Kingdom Engineering Plastics Market
The horizon for the UK engineering plastics market is bright with emerging opportunities. The escalating demand for sustainable materials, including bio-based alternatives and advanced recycled content, presents a significant growth avenue. Increased penetration and application in the burgeoning renewable energy sectors, such as wind turbine components and solar panel manufacturing, offer substantial potential. Furthermore, the continuous development and adoption of advanced applications within the medical devices sector, driven by innovations in personalized medicine and biocompatible materials, and the electronics industry, demanding lighter and more robust components, represent key growth areas. New and rapidly expanding markets, such as the transformative electric vehicle (EV) industry, with its unique material requirements for battery components, lightweight structures, and charging infrastructure, hold immense potential. A strategic focus on developing and marketing advanced material properties, with a particular emphasis on enhanced recyclability, biodegradability, and circularity, will be paramount drivers of future market expansion and competitive advantage.
Major Players in the United Kingdom Engineering Plastics Market Ecosystem
- Victrex
- Sumitomo Chemical Co Ltd
- Teijin Limited
- Asahi Kasei Corporation
- Solvay
- INEOS
- Mitsubishi Chemical Corporation
- Celanese Corporation
- Domo Chemicals
- Polymer Extrusion Technologies (UK) Ltd
- BASF SE
- Alfa S A B de C V
- Radici Partecipazioni SpA
- Covestro AG
- AGC Inc
Key Developments in United Kingdom Engineering Plastics Market Industry
- February 2023: Victrex PLC significantly bolstered its presence in the medical sector with the announced expansion of its medical division, Invibio Biomaterial Solutions, including the establishment of a state-of-the-art new facility in Leeds, underscoring its commitment to advanced medical polymer solutions.
- February 2023: Covestro AG launched Makrolon 3638 polycarbonate, a new-generation material specifically engineered to meet the stringent demands of healthcare and life sciences applications, enhancing safety and performance in critical medical devices.
- March 2023: Victrex PLC further innovated by introducing a new implantable-grade PEEK-OPTIMA polymer, specifically designed for additive manufacturing processes in the creation of next-generation medical devices, opening up new possibilities in custom implant design and production.
Strategic United Kingdom Engineering Plastics Market Forecast
The UK engineering plastics market is poised for continued growth, driven by innovation in materials science, expansion in key end-use sectors, and supportive government policies. The increasing demand for high-performance and sustainable materials will present significant opportunities for market players. Continued investment in research and development, coupled with strategic partnerships, will be crucial for success in this competitive landscape. The market is expected to reach xx Million by 2033.
United Kingdom Engineering Plastics Market Segmentation
-
1. End User Industry
- 1.1. Aerospace
- 1.2. Automotive
- 1.3. Building and Construction
- 1.4. Electrical and Electronics
- 1.5. Industrial and Machinery
- 1.6. Packaging
- 1.7. Other End-user Industries
-
2. Resin Type
-
2.1. Fluoropolymer
-
2.1.1. By Sub Resin Type
- 2.1.1.1. Ethylenetetrafluoroethylene (ETFE)
- 2.1.1.2. Fluorinated Ethylene-propylene (FEP)
- 2.1.1.3. Polytetrafluoroethylene (PTFE)
- 2.1.1.4. Polyvinylfluoride (PVF)
- 2.1.1.5. Polyvinylidene Fluoride (PVDF)
- 2.1.1.6. Other Sub Resin Types
-
2.1.1. By Sub Resin Type
- 2.2. Liquid Crystal Polymer (LCP)
-
2.3. Polyamide (PA)
- 2.3.1. Aramid
- 2.3.2. Polyamide (PA) 6
- 2.3.3. Polyamide (PA) 66
- 2.3.4. Polyphthalamide
- 2.4. Polybutylene Terephthalate (PBT)
- 2.5. Polycarbonate (PC)
- 2.6. Polyether Ether Ketone (PEEK)
- 2.7. Polyethylene Terephthalate (PET)
- 2.8. Polyimide (PI)
- 2.9. Polymethyl Methacrylate (PMMA)
- 2.10. Polyoxymethylene (POM)
- 2.11. Styrene Copolymers (ABS and SAN)
-
2.1. Fluoropolymer
United Kingdom Engineering Plastics Market Segmentation By Geography
- 1. United Kingdom
United Kingdom Engineering Plastics Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of > 8.00% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Demand for Low-pressure Membrane Technologies; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Poor Fouling Resistance of Nano porous Membranes; Other Restraints
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. United Kingdom Engineering Plastics Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 5.1.1. Aerospace
- 5.1.2. Automotive
- 5.1.3. Building and Construction
- 5.1.4. Electrical and Electronics
- 5.1.5. Industrial and Machinery
- 5.1.6. Packaging
- 5.1.7. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Resin Type
- 5.2.1. Fluoropolymer
- 5.2.1.1. By Sub Resin Type
- 5.2.1.1.1. Ethylenetetrafluoroethylene (ETFE)
- 5.2.1.1.2. Fluorinated Ethylene-propylene (FEP)
- 5.2.1.1.3. Polytetrafluoroethylene (PTFE)
- 5.2.1.1.4. Polyvinylfluoride (PVF)
- 5.2.1.1.5. Polyvinylidene Fluoride (PVDF)
- 5.2.1.1.6. Other Sub Resin Types
- 5.2.1.1. By Sub Resin Type
- 5.2.2. Liquid Crystal Polymer (LCP)
- 5.2.3. Polyamide (PA)
- 5.2.3.1. Aramid
- 5.2.3.2. Polyamide (PA) 6
- 5.2.3.3. Polyamide (PA) 66
- 5.2.3.4. Polyphthalamide
- 5.2.4. Polybutylene Terephthalate (PBT)
- 5.2.5. Polycarbonate (PC)
- 5.2.6. Polyether Ether Ketone (PEEK)
- 5.2.7. Polyethylene Terephthalate (PET)
- 5.2.8. Polyimide (PI)
- 5.2.9. Polymethyl Methacrylate (PMMA)
- 5.2.10. Polyoxymethylene (POM)
- 5.2.11. Styrene Copolymers (ABS and SAN)
- 5.2.1. Fluoropolymer
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. United Kingdom
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 6. England United Kingdom Engineering Plastics Market Analysis, Insights and Forecast, 2019-2031
- 7. Scotland United Kingdom Engineering Plastics Market Analysis, Insights and Forecast, 2019-2031
- 8. Wales United Kingdom Engineering Plastics Market Analysis, Insights and Forecast, 2019-2031
- 9. Northern Ireland United Kingdom Engineering Plastics Market Analysis, Insights and Forecast, 2019-2031
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Victre
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Sumitomo Chemical Co Ltd
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Teijin Limited
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Asahi Kasei Corporation
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Solvay
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 INEOS
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Mitsubishi Chemical Corporation
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Celanese Corporation
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Domo Chemicals
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Polymer Extrusion Technologies (UK) Ltd
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 BASF SE
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.12 Alfa S A B de C V
- 10.2.12.1. Overview
- 10.2.12.2. Products
- 10.2.12.3. SWOT Analysis
- 10.2.12.4. Recent Developments
- 10.2.12.5. Financials (Based on Availability)
- 10.2.13 Radici Partecipazioni SpA
- 10.2.13.1. Overview
- 10.2.13.2. Products
- 10.2.13.3. SWOT Analysis
- 10.2.13.4. Recent Developments
- 10.2.13.5. Financials (Based on Availability)
- 10.2.14 Covestro AG
- 10.2.14.1. Overview
- 10.2.14.2. Products
- 10.2.14.3. SWOT Analysis
- 10.2.14.4. Recent Developments
- 10.2.14.5. Financials (Based on Availability)
- 10.2.15 AGC Inc
- 10.2.15.1. Overview
- 10.2.15.2. Products
- 10.2.15.3. SWOT Analysis
- 10.2.15.4. Recent Developments
- 10.2.15.5. Financials (Based on Availability)
- 10.2.1 Victre
List of Figures
- Figure 1: United Kingdom Engineering Plastics Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: United Kingdom Engineering Plastics Market Share (%) by Company 2024
List of Tables
- Table 1: United Kingdom Engineering Plastics Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 3: United Kingdom Engineering Plastics Market Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 4: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by End User Industry 2019 & 2032
- Table 5: United Kingdom Engineering Plastics Market Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 6: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by Resin Type 2019 & 2032
- Table 7: United Kingdom Engineering Plastics Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 9: United Kingdom Engineering Plastics Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 11: England United Kingdom Engineering Plastics Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: England United Kingdom Engineering Plastics Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 13: Scotland United Kingdom Engineering Plastics Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Scotland United Kingdom Engineering Plastics Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 15: Wales United Kingdom Engineering Plastics Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Wales United Kingdom Engineering Plastics Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 17: Northern Ireland United Kingdom Engineering Plastics Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Northern Ireland United Kingdom Engineering Plastics Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 19: United Kingdom Engineering Plastics Market Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 20: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by End User Industry 2019 & 2032
- Table 21: United Kingdom Engineering Plastics Market Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 22: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by Resin Type 2019 & 2032
- Table 23: United Kingdom Engineering Plastics Market Revenue Million Forecast, by Country 2019 & 2032
- Table 24: United Kingdom Engineering Plastics Market Volume K Tons Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the United Kingdom Engineering Plastics Market?
The projected CAGR is approximately > 8.00%.
2. Which companies are prominent players in the United Kingdom Engineering Plastics Market?
Key companies in the market include Victre, Sumitomo Chemical Co Ltd, Teijin Limited, Asahi Kasei Corporation, Solvay, INEOS, Mitsubishi Chemical Corporation, Celanese Corporation, Domo Chemicals, Polymer Extrusion Technologies (UK) Ltd, BASF SE, Alfa S A B de C V, Radici Partecipazioni SpA, Covestro AG, AGC Inc.
3. What are the main segments of the United Kingdom Engineering Plastics Market?
The market segments include End User Industry, Resin Type.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Rising Demand for Low-pressure Membrane Technologies; Other Drivers.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
Poor Fouling Resistance of Nano porous Membranes; Other Restraints.
8. Can you provide examples of recent developments in the market?
March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Tons.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "United Kingdom Engineering Plastics Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the United Kingdom Engineering Plastics Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the United Kingdom Engineering Plastics Market?
To stay informed about further developments, trends, and reports in the United Kingdom Engineering Plastics Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

