The Propionic Anhydride (CAS 123-62-6) Market is expected to register a CAGR of 5.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by product type (industrial grade, food grade, and pharmaceutical grade). The report is further segmented by application (pharmaceuticals, agrochemicals, flavors and fragrances, printing inks, lubricants, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Propionic Anhydride (CAS 123-62-6) Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Propionic Anhydride (CAS 123-62-6) Market Segmentation
Product Type- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Pharmaceuticals
- Agrochemicals
- Flavors and Fragrances
- Printing Inks
- Lubricants
Strategic Insights
Propionic Anhydride (CAS 123-62-6) Market Growth Drivers- Growth in Agrochemical Applications: Propionic anhydride is an important intermediate used to synthesize agrochemicals, primarily herbicides and pesticides. Considering the increasing global population and in order to meet its requirements, agricultural productivity is imperative. Thus, the demand for chemical crop protection is increasing. Propionic anhydride is used for pesticide synthesis, which fuels agricultural demand. With an increase in the adoption of modern farming techniques, the agrochemical industry is likely to remain a major driver for growth in the propionic anhydride market.
- Growing Pharmaceutical Applications: Propionic anhydride is an intermediate in producing pharmaceutical products, particularly in synthesizing various drugs and therapeutic agents. Increasing global focus on healthcare and pharmaceuticals, especially in the developing regions, is expected to increase demand for pharmaceutical-grade propionic anhydride. As healthcare expenditure increases and more pharmaceuticals reach the market, this factor will continue contributing to market growth.
- Diverse Industrial Applications: Propionic anhydride is used in many applications, for example to produce plasticizers, dyes, and flavoring agents. With an increasing variety of food & beverage industries, textile industries, and plastic industries, demand for intermediate chemicals such as propionic anhydride has increased exponentially. The further push can be seen by increasing levels of processed foods and beverage consumption and expanding textile industrial sectors in the developing worlds. All the above expansions in industrial areas contribute toward the growth of the market for propionic anhydride.
- Shift Toward Green Chemical Processes: Green chemical processes have gained an upper hand and environment-friendly chemistry. With more significant concerns cropping in sustainability across all sectors, there's also growing pressure toward more eco-friendly processes that can offer both green alternative chemicals and even lower toxicity chemical processes as the propionic anhydride market grows and moves towards. Both pressure of consumers towards such products and that by the law enforcement for having lesser impacts on the nature are shifting away from conventional chemical synthesis routes.
- Growth in Asia-Pacific: The Asia-Pacific region, especially China and India, is a vital factor in the growth of the propionic anhydride market. Growth in consumer goods demand and an increase in the agrochemicals and pharmaceutical industries, along with industrial development, are driving demand for propionic anhydride. Gaining momentum for growth will be the region's continuous infrastructural development, expansion of a growing middle class, and increase in chemical consumption across applications.
- Technological Advancements in Production: In order to develop more efficient ways of production and adoption of the newer technology in catalysts and process optimization, propionic anhydride development is taking shape. All this technology is aimed at reducing costs of production, improving yields, and enhancing the efficiency of manufacturing. New methods to make production processes less environmentally impactful also become a part of this strategy because of the growing trend in sustainability in the chemical industry.
- Opportunities in Biodegradable Plastics: With an increasing demand for sustainable and biodegradable plastics, propionic anhydride has opportunities for a market since the plasticizer and resins are derived to make the flexibility of the biodegradable polymer. As the regulatory drive for decreasing plastic waste with an approach towards more ecological material intensifies, a growing opportunity for propionic anhydride exists within the plastics industry.
- Rising Demand in Emerging Markets: Rising markets, including Africa and Latin America, have a steady need for agrochemicals, pharmaceuticals, and other consumables with industrialization, further investment into agricultural development and the healthcare industry. These offer some growth opportunities for the market. New capacities through local manufacturing sites or partnering may create revenue pools for manufacturers of propionic anhydride.
- Growth in the Pharmaceutical Sector: With the further growth of the pharmaceutical industry, especially in the formulation and treatment of new drugs, the use of intermediates such as propionic anhydride is expected to increase. It is used in the preparation of several drugs, some of which are anti-inflammatory and analgesic agents. Therefore, as the global market for both generic and patented drugs continues to grow, this is likely to provide a basis for suppliers of propionic anhydride to benefit from this growth area.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Propionic Anhydride (CAS 123-62-6) Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Propionic Anhydride (CAS 123-62-6) Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift toward sustainable and green chemistry is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the propionic anhydride (CAS 123-62-6) market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Celanese Corp, Eastman Chemical Co, Tokyo Chemical Industry (India) Pvt Ltd, LobaChemie Pvt Ltd, Spectrum Chemical, Universal Preserv-A-Chem Inc, Zengrui Chemical Zibo Co Ltd, Biosynth Ltd, SimSon Pharma Ltd, and HANGZHOU BETTER CHEMTECH LTD
The major factors driving the propionic anhydride (CAS 123-62-6) market are:
1. Growing Demand in Agrochemicals and Pesticides.
2. Rising Demand in Pharmaceuticals.
The Propionic Anhydride (CAS 123-62-6) Market is estimated to witness a CAGR of 5.6% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Propionic Anhydride (CAS 123-62-6) Market - By Product Type
1.3.2Propionic Anhydride (CAS 123-62-6) Market - By Application
1.3.3Propionic Anhydride (CAS 123-62-6) Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PROPIONIC ANHYDRIDE (CAS 123-62-6) MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.PROPIONIC ANHYDRIDE (CAS 123-62-6) 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.PROPIONIC ANHYDRIDE (CAS 123-62-6) MARKET - GLOBAL MARKET ANALYSIS
6.1.PROPIONIC ANHYDRIDE (CAS 123-62-6) - GLOBAL MARKET OVERVIEW
6.2.PROPIONIC ANHYDRIDE (CAS 123-62-6) - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PROPIONIC ANHYDRIDE (CAS 123-62-6) MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.INDUSTRIAL GRADE
7.3.1.Overview
7.3.2.Industrial Grade Market Forecast and Analysis
7.4.FOOD GRADE
7.4.1.Overview
7.4.2.Food Grade Market Forecast and Analysis
7.5.PHARMACEUTICAL GRADE
7.5.1.Overview
7.5.2.Pharmaceutical Grade Market Forecast and Analysis
8.PROPIONIC ANHYDRIDE (CAS 123-62-6) MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PHARMACEUTICALS
8.3.1.Overview
8.3.2.Pharmaceuticals Market Forecast and Analysis
8.4.SPICES
8.4.1.Overview
8.4.2.Spices Market Forecast and Analysis
8.5.CHEMICAL INDUSTRY
8.5.1.Overview
8.5.2.Chemical Industry Market Forecast and Analysis
9.PROPIONIC ANHYDRIDE (CAS 123-62-6) MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Propionic Anhydride (CAS 123-62-6) Market Overview
9.1.2North America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis
9.1.3North America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Product Type
9.1.4North America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Application
9.1.5North America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Countries
9.1.5.1United States Propionic Anhydride (CAS 123-62-6) Market
9.1.5.1.1United States Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.1.5.1.2United States Propionic Anhydride (CAS 123-62-6) Market by Application
9.1.5.2Canada Propionic Anhydride (CAS 123-62-6) Market
9.1.5.2.1Canada Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.1.5.2.2Canada Propionic Anhydride (CAS 123-62-6) Market by Application
9.1.5.3Mexico Propionic Anhydride (CAS 123-62-6) Market
9.1.5.3.1Mexico Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.1.5.3.2Mexico Propionic Anhydride (CAS 123-62-6) Market by Application
9.2.EUROPE
9.2.1Europe Propionic Anhydride (CAS 123-62-6) Market Overview
9.2.2Europe Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis
9.2.3Europe Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Product Type
9.2.4Europe Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Application
9.2.5Europe Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Countries
9.2.5.1Germany Propionic Anhydride (CAS 123-62-6) Market
9.2.5.1.1Germany Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.2.5.1.2Germany Propionic Anhydride (CAS 123-62-6) Market by Application
9.2.5.2France Propionic Anhydride (CAS 123-62-6) Market
9.2.5.2.1France Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.2.5.2.2France Propionic Anhydride (CAS 123-62-6) Market by Application
9.2.5.3Italy Propionic Anhydride (CAS 123-62-6) Market
9.2.5.3.1Italy Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.2.5.3.2Italy Propionic Anhydride (CAS 123-62-6) Market by Application
9.2.5.4United Kingdom Propionic Anhydride (CAS 123-62-6) Market
9.2.5.4.1United Kingdom Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.2.5.4.2United Kingdom Propionic Anhydride (CAS 123-62-6) Market by Application
9.2.5.5Russia Propionic Anhydride (CAS 123-62-6) Market
9.2.5.5.1Russia Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.2.5.5.2Russia Propionic Anhydride (CAS 123-62-6) Market by Application
9.2.5.6Rest of Europe Propionic Anhydride (CAS 123-62-6) Market
9.2.5.6.1Rest of Europe Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.2.5.6.2Rest of Europe Propionic Anhydride (CAS 123-62-6) Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market Overview
9.3.2Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis
9.3.3Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Countries
9.3.5.1Australia Propionic Anhydride (CAS 123-62-6) Market
9.3.5.1.1Australia Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.3.5.1.2Australia Propionic Anhydride (CAS 123-62-6) Market by Application
9.3.5.2China Propionic Anhydride (CAS 123-62-6) Market
9.3.5.2.1China Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.3.5.2.2China Propionic Anhydride (CAS 123-62-6) Market by Application
9.3.5.3India Propionic Anhydride (CAS 123-62-6) Market
9.3.5.3.1India Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.3.5.3.2India Propionic Anhydride (CAS 123-62-6) Market by Application
9.3.5.4Japan Propionic Anhydride (CAS 123-62-6) Market
9.3.5.4.1Japan Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.3.5.4.2Japan Propionic Anhydride (CAS 123-62-6) Market by Application
9.3.5.5South Korea Propionic Anhydride (CAS 123-62-6) Market
9.3.5.5.1South Korea Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.3.5.5.2South Korea Propionic Anhydride (CAS 123-62-6) Market by Application
9.3.5.6Rest of Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market
9.3.5.6.1Rest of Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Propionic Anhydride (CAS 123-62-6) Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market Overview
9.4.2Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis
9.4.3Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Propionic Anhydride (CAS 123-62-6) Market
9.4.5.1.1South Africa Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.4.5.1.2South Africa Propionic Anhydride (CAS 123-62-6) Market by Application
9.4.5.2Saudi Arabia Propionic Anhydride (CAS 123-62-6) Market
9.4.5.2.1Saudi Arabia Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.4.5.2.2Saudi Arabia Propionic Anhydride (CAS 123-62-6) Market by Application
9.4.5.3U.A.E Propionic Anhydride (CAS 123-62-6) Market
9.4.5.3.1U.A.E Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.4.5.3.2U.A.E Propionic Anhydride (CAS 123-62-6) Market by Application
9.4.5.4Rest of Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market
9.4.5.4.1Rest of Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Propionic Anhydride (CAS 123-62-6) Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Propionic Anhydride (CAS 123-62-6) Market Overview
9.5.2South and Central America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis
9.5.3South and Central America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Application
9.5.5South and Central America Propionic Anhydride (CAS 123-62-6) Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Propionic Anhydride (CAS 123-62-6) Market
9.5.5.1.1Brazil Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.5.5.1.2Brazil Propionic Anhydride (CAS 123-62-6) Market by Application
9.5.5.2Argentina Propionic Anhydride (CAS 123-62-6) Market
9.5.5.2.1Argentina Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.5.5.2.2Argentina Propionic Anhydride (CAS 123-62-6) Market by Application
9.5.5.3Rest of South and Central America Propionic Anhydride (CAS 123-62-6) Market
9.5.5.3.1Rest of South and Central America Propionic Anhydride (CAS 123-62-6) Market by Product Type
9.5.5.3.2Rest of South and Central America Propionic Anhydride (CAS 123-62-6) Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.PROPIONIC ANHYDRIDE (CAS 123-62-6) MARKET, KEY COMPANY PROFILES
11.1.CELANESE
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.DAICEL
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.EASTMAN
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.JINON
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.UPI CHEMICAL
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.ZENGRUI
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.ZHONGGANG
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Celanese
2. Daicel
3. Eastman
4. Jinon
5. UPI Chemical
6. Zengrui
7. Zhonggang
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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