Fracking liquid, otherwise called frac fluid, is a blend of substance used in exercises identified with boring to extend the quantity of hydrocarbons that can be removed. The fracking liquid assists with securing erosion of the well during oil tasks. What's more, it greases up the extraction system and forestalls bacterial development. The recuperation of the oil and gas section after the financial downturn is owing to geopolitical weight. Oil and gas segment's bounce back from its down turn, attributable to geopolitical strains, has brought about an expansion in oil costs from US$ 30 for every barrel in 2016 to US$ 70 out of 2021 which is required to help the fracking liquid market. Expanding oil investigation exercises with diminished boring costs keep on impacting the interest for fracking liquids. For example, as per IEA (International Energy Agency), a rise in boring exercises in the United States have been seen. All things considered, the market for fracking liquid is probably going to stay hopeful in the coming years.
MARKET DYNAMICS
One of the most significant factor which is driving the development of fracking liquid market is moving pattern towards flat penetrating of well. Since most recent couple of years, surprising development has been seen in an action of even fracking. For this movement a huge amount of fracking is required and the pattern is foreseen to proceed all through the anticipated period. The rising interest for vitality requires extra investigation which is come about into developing interest for fracking liquids. An expanding interest for power and fills is probably going to support the development of fracking liquids showcase at a quick rate all through the foreseen period. To cook the developing populace on the planet the interest for fuel from modern and household fronts has likewise expanded which is making positive effect on the fracking fuel showcase. Upsurge in fracking exercises has been seen with the advancement of Asian eccentric gas. Less spotlight on different wellsprings of sustainable power source, ascend in water contamination, ascend in dry spell like circumstances, expanding commotion contamination, and ascend in the spread of poisons are a portion of the noteworthy components which are hampering the development of fracking liquid market.
MARKET SCOPE
The "Global Fracking Fluid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fracking fluid market with detailed market segmentation by product type, well type, function and geography. The global fracking fluid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fracking fluid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fracking fluid market is segmented on the basis of product type, well type, and function. On the basis of product type the global fracking fluid market is segmented into oil-based fluids, water-based fluids, gel fluids and foam-based fluids. By well type the global fracking fluid market is segmented into vertical well and horizontal well. Based on function the fracking fluid market is classified into friction reducer, clay control agent, gelling agent, cross-linkers, breakers and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fracking fluid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fracking fluid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fracking fluid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fracking fluid market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fracking fluid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fracking fluid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fracking fluid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fracking fluid market in these regions.
MARKET PLAYERS
The reports cover key developments in the fracking fluid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from fracking fluid market are anticipated to lucrative growth opportunities in the future with the rising demand for fracking fluid in the global market. Below mentioned is the list of few companies engaged in the fracking fluid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fracking fluid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baker Hughes Incorporated
- Halliburton Company
- Schlumberger Ltd.
- BASF SE
- E.I. du Pont de Nemours and Company
- Calfrac Well Services Ltd
- Trican Well Services
- Akzo Nobel
- Clariant AG
- Ashland Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fracking Fluid Market - By Product Type
1.3.2 Fracking Fluid Market - By Well Type
1.3.3 Fracking Fluid Market - By Function
1.3.4 Fracking Fluid Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FRACKING FLUID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FRACKING FLUID MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FRACKING FLUID MARKET - GLOBAL MARKET ANALYSIS
6.1. FRACKING FLUID - GLOBAL MARKET OVERVIEW
6.2. FRACKING FLUID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FRACKING FLUID MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. OIL-BASED FLUIDS
7.3.1. Overview
7.3.2. Oil-Based Fluids Market Forecast and Analysis
7.4. WATER-BASED FLUIDS
7.4.1. Overview
7.4.2. Water-Based Fluids Market Forecast and Analysis
7.5. GEL FLUIDS
7.5.1. Overview
7.5.2. Gel Fluids Market Forecast and Analysis
7.6. FOAM-BASED FLUIDS
7.6.1. Overview
7.6.2. Foam-Based Fluids Market Forecast and Analysis
8. FRACKING FLUID MARKET - REVENUE AND FORECASTS TO 2028 - WELL TYPE
8.1. OVERVIEW
8.2. WELL TYPE MARKET FORECASTS AND ANALYSIS
8.3. VERTICAL WELL
8.3.1. Overview
8.3.2. Vertical Well Market Forecast and Analysis
8.4. HORIZONTAL WELL
8.4.1. Overview
8.4.2. Horizontal Well Market Forecast and Analysis
9. FRACKING FLUID MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1. OVERVIEW
9.2. FUNCTION MARKET FORECASTS AND ANALYSIS
9.3. FRICTION REDUCER
9.3.1. Overview
9.3.2. Friction Reducer Market Forecast and Analysis
9.4. CLAY CONTROL AGENT
9.4.1. Overview
9.4.2. Clay Control Agent Market Forecast and Analysis
9.5. GELLING AGENT
9.5.1. Overview
9.5.2. Gelling Agent Market Forecast and Analysis
9.6. CROSS-LINKERS
9.6.1. Overview
9.6.2. Cross-Linkers Market Forecast and Analysis
9.7. BREAKERS
9.7.1. Overview
9.7.2. Breakers Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. FRACKING FLUID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Fracking Fluid Market Overview
10.1.2 North America Fracking Fluid Market Forecasts and Analysis
10.1.3 North America Fracking Fluid Market Forecasts and Analysis - By Product Type
10.1.4 North America Fracking Fluid Market Forecasts and Analysis - By Well Type
10.1.5 North America Fracking Fluid Market Forecasts and Analysis - By Function
10.1.6 North America Fracking Fluid Market Forecasts and Analysis - By Countries
10.1.6.1 United States Fracking Fluid Market
10.1.6.1.1 United States Fracking Fluid Market by Product Type
10.1.6.1.2 United States Fracking Fluid Market by Well Type
10.1.6.1.3 United States Fracking Fluid Market by Function
10.1.6.2 Canada Fracking Fluid Market
10.1.6.2.1 Canada Fracking Fluid Market by Product Type
10.1.6.2.2 Canada Fracking Fluid Market by Well Type
10.1.6.2.3 Canada Fracking Fluid Market by Function
10.1.6.3 Mexico Fracking Fluid Market
10.1.6.3.1 Mexico Fracking Fluid Market by Product Type
10.1.6.3.2 Mexico Fracking Fluid Market by Well Type
10.1.6.3.3 Mexico Fracking Fluid Market by Function
10.2. EUROPE
10.2.1 Europe Fracking Fluid Market Overview
10.2.2 Europe Fracking Fluid Market Forecasts and Analysis
10.2.3 Europe Fracking Fluid Market Forecasts and Analysis - By Product Type
10.2.4 Europe Fracking Fluid Market Forecasts and Analysis - By Well Type
10.2.5 Europe Fracking Fluid Market Forecasts and Analysis - By Function
10.2.6 Europe Fracking Fluid Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Fracking Fluid Market
10.2.6.1.1 Germany Fracking Fluid Market by Product Type
10.2.6.1.2 Germany Fracking Fluid Market by Well Type
10.2.6.1.3 Germany Fracking Fluid Market by Function
10.2.6.2 France Fracking Fluid Market
10.2.6.2.1 France Fracking Fluid Market by Product Type
10.2.6.2.2 France Fracking Fluid Market by Well Type
10.2.6.2.3 France Fracking Fluid Market by Function
10.2.6.3 Italy Fracking Fluid Market
10.2.6.3.1 Italy Fracking Fluid Market by Product Type
10.2.6.3.2 Italy Fracking Fluid Market by Well Type
10.2.6.3.3 Italy Fracking Fluid Market by Function
10.2.6.4 United Kingdom Fracking Fluid Market
10.2.6.4.1 United Kingdom Fracking Fluid Market by Product Type
10.2.6.4.2 United Kingdom Fracking Fluid Market by Well Type
10.2.6.4.3 United Kingdom Fracking Fluid Market by Function
10.2.6.5 Russia Fracking Fluid Market
10.2.6.5.1 Russia Fracking Fluid Market by Product Type
10.2.6.5.2 Russia Fracking Fluid Market by Well Type
10.2.6.5.3 Russia Fracking Fluid Market by Function
10.2.6.6 Rest of Europe Fracking Fluid Market
10.2.6.6.1 Rest of Europe Fracking Fluid Market by Product Type
10.2.6.6.2 Rest of Europe Fracking Fluid Market by Well Type
10.2.6.6.3 Rest of Europe Fracking Fluid Market by Function
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Fracking Fluid Market Overview
10.3.2 Asia-Pacific Fracking Fluid Market Forecasts and Analysis
10.3.3 Asia-Pacific Fracking Fluid Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Fracking Fluid Market Forecasts and Analysis - By Well Type
10.3.5 Asia-Pacific Fracking Fluid Market Forecasts and Analysis - By Function
10.3.6 Asia-Pacific Fracking Fluid Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Fracking Fluid Market
10.3.6.1.1 Australia Fracking Fluid Market by Product Type
10.3.6.1.2 Australia Fracking Fluid Market by Well Type
10.3.6.1.3 Australia Fracking Fluid Market by Function
10.3.6.2 China Fracking Fluid Market
10.3.6.2.1 China Fracking Fluid Market by Product Type
10.3.6.2.2 China Fracking Fluid Market by Well Type
10.3.6.2.3 China Fracking Fluid Market by Function
10.3.6.3 India Fracking Fluid Market
10.3.6.3.1 India Fracking Fluid Market by Product Type
10.3.6.3.2 India Fracking Fluid Market by Well Type
10.3.6.3.3 India Fracking Fluid Market by Function
10.3.6.4 Japan Fracking Fluid Market
10.3.6.4.1 Japan Fracking Fluid Market by Product Type
10.3.6.4.2 Japan Fracking Fluid Market by Well Type
10.3.6.4.3 Japan Fracking Fluid Market by Function
10.3.6.5 South Korea Fracking Fluid Market
10.3.6.5.1 South Korea Fracking Fluid Market by Product Type
10.3.6.5.2 South Korea Fracking Fluid Market by Well Type
10.3.6.5.3 South Korea Fracking Fluid Market by Function
10.3.6.6 Rest of Asia-Pacific Fracking Fluid Market
10.3.6.6.1 Rest of Asia-Pacific Fracking Fluid Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Fracking Fluid Market by Well Type
10.3.6.6.3 Rest of Asia-Pacific Fracking Fluid Market by Function
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Fracking Fluid Market Overview
10.4.2 Middle East and Africa Fracking Fluid Market Forecasts and Analysis
10.4.3 Middle East and Africa Fracking Fluid Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Fracking Fluid Market Forecasts and Analysis - By Well Type
10.4.5 Middle East and Africa Fracking Fluid Market Forecasts and Analysis - By Function
10.4.6 Middle East and Africa Fracking Fluid Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Fracking Fluid Market
10.4.6.1.1 South Africa Fracking Fluid Market by Product Type
10.4.6.1.2 South Africa Fracking Fluid Market by Well Type
10.4.6.1.3 South Africa Fracking Fluid Market by Function
10.4.6.2 Saudi Arabia Fracking Fluid Market
10.4.6.2.1 Saudi Arabia Fracking Fluid Market by Product Type
10.4.6.2.2 Saudi Arabia Fracking Fluid Market by Well Type
10.4.6.2.3 Saudi Arabia Fracking Fluid Market by Function
10.4.6.3 U.A.E Fracking Fluid Market
10.4.6.3.1 U.A.E Fracking Fluid Market by Product Type
10.4.6.3.2 U.A.E Fracking Fluid Market by Well Type
10.4.6.3.3 U.A.E Fracking Fluid Market by Function
10.4.6.4 Rest of Middle East and Africa Fracking Fluid Market
10.4.6.4.1 Rest of Middle East and Africa Fracking Fluid Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Fracking Fluid Market by Well Type
10.4.6.4.3 Rest of Middle East and Africa Fracking Fluid Market by Function
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Fracking Fluid Market Overview
10.5.2 South and Central America Fracking Fluid Market Forecasts and Analysis
10.5.3 South and Central America Fracking Fluid Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Fracking Fluid Market Forecasts and Analysis - By Well Type
10.5.5 South and Central America Fracking Fluid Market Forecasts and Analysis - By Function
10.5.6 South and Central America Fracking Fluid Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Fracking Fluid Market
10.5.6.1.1 Brazil Fracking Fluid Market by Product Type
10.5.6.1.2 Brazil Fracking Fluid Market by Well Type
10.5.6.1.3 Brazil Fracking Fluid Market by Function
10.5.6.2 Argentina Fracking Fluid Market
10.5.6.2.1 Argentina Fracking Fluid Market by Product Type
10.5.6.2.2 Argentina Fracking Fluid Market by Well Type
10.5.6.2.3 Argentina Fracking Fluid Market by Function
10.5.6.3 Rest of South and Central America Fracking Fluid Market
10.5.6.3.1 Rest of South and Central America Fracking Fluid Market by Product Type
10.5.6.3.2 Rest of South and Central America Fracking Fluid Market by Well Type
10.5.6.3.3 Rest of South and Central America Fracking Fluid Market by Function
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. FRACKING FLUID MARKET, KEY COMPANY PROFILES
12.1. BAKER HUGHES INCORPORATED
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HALLIBURTON COMPANY
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. SCHLUMBERGER LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BASF SE
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. E.I. DU PONT DE NEMOURS AND COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CALFRAC WELL SERVICES LTD
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. TRICAN WELL SERVICES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. AKZO NOBEL
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. CLARIANT AG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ASHLAND INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Baker Hughes Incorporated
2. Halliburton Company
3. Schlumberger Ltd.
4. BASF SE
5. E.I. du Pont de Nemours and Company
6. Calfrac Well Services Ltd
7. Trican Well Services
8. Akzo Nobel
9. Clariant AG
10. Ashland Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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