MARKET OVERVIEW
Specialty chemicals are performance chemicals used as ingredients in finished products and improve manufacturing processes. These are manufactured to serve specific purposes based on the functionality required for end-use applications in several industrial and consumer goods. Specialty chemicals are low-volume compounds containing high-value chemicals used in smaller quantities targeted towards specific applications.
MARKET SCOPE
The "Global Specialty Chemicals 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 specialty chemicals market with detailed market segmentation by product, end use industry and geography. The report provides key statistics on the market status of the leading specialty chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global specialty chemicals market is segmented into agrochemicals, construction chemicals, polymer and plastic additives, electronic chemicals, surfactants, cleaning chemicals, specialty coatings, lubricants and oilfield chemicals, food additives, paper and textile chemicals, and adhesives and sealants.
- Based on end use industry, the global specialty chemicals market is segmented into automotive, construction, consumer and retail, food and beverages, textiles, industrial manufacturing, and others.
MARKET DYNAMICS
Drivers
- Increasing applicability in existing end-use industries.
- The demands for polyolefin catalysts owing to continuous shale gas developments and a surge in demand for high performance coating.
- Rising adoption of rechargeable, miniaturized, and sustainable electronic components.
- Rising R&D activities drive the specialty chemicals market.
Restraints
- Strict environmental regulations governing specialty chemicals.
REGIONAL FRAMEWORK Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 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), the Middle East and Africa (MEA), and South America. The specialty chemicals 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 specialty chemicals market in these regions.
IMPACT OF COVID-19 ON specialty chemicals MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.
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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 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), the Middle East and Africa (MEA), and South America. The specialty chemicals 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 specialty chemicals market in these regions.
IMPACT OF COVID-19 ON specialty chemicals MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.
MARKET PLAYERS
The report covers key developments in the specialty chemicals 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from specialty chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for specialty chemicals in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the specialty chemicals 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.
- Akzo Nobel N.V.
- Albemarle Corporation
- BASF SE
- Clariant AG
- Evonik Industries AG
- Henkel AG & Company, KGaA
- Huntsman International LLC
- LANXESS AG
- PPG Industries, Inc.
- Solvay S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Specialty Chemicals Market - By Product
1.3.2 Specialty Chemicals Market - By End Use Industry
1.3.3 Specialty Chemicals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPECIALTY CHEMICALS 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. SPECIALTY CHEMICALS 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. SPECIALTY CHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1. SPECIALTY CHEMICALS - GLOBAL MARKET OVERVIEW
6.2. SPECIALTY CHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SPECIALTY CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. AGROCHEMICALS
7.3.1. Overview
7.3.2. Agrochemicals Market Forecast and Analysis
7.4. CONSTRUCTION CHEMICALS
7.4.1. Overview
7.4.2. Construction Chemicals Market Forecast and Analysis
7.5. POLYMER AND PLASTIC ADDITIVES
7.5.1. Overview
7.5.2. Polymer and Plastic Additives Market Forecast and Analysis
7.6. ELECTRONIC CHEMICALS
7.6.1. Overview
7.6.2. Electronic Chemicals Market Forecast and Analysis
7.7. SURFACTANTS
7.7.1. Overview
7.7.2. Surfactants Market Forecast and Analysis
7.8. CLEANING CHEMICALS
7.8.1. Overview
7.8.2. Cleaning Chemicals Market Forecast and Analysis
7.9. SPECIALTY COATINGS
7.9.1. Overview
7.9.2. Specialty Coatings Market Forecast and Analysis
7.10. LUBRICANTS AND OILFIELD CHEMICALS
7.10.1. Overview
7.10.2. Lubricants and Oilfield Chemicals Market Forecast and Analysis
7.11. FOOD ADDITIVES
7.11.1. Overview
7.11.2. Food Additives Market Forecast and Analysis
7.12. PAPER AND TEXTILE CHEMICALS
7.12.1. Overview
7.12.2. Paper and Textile Chemicals Market Forecast and Analysis
7.13. AND ADHESIVES AND SEALANTS
7.13.1. Overview
7.13.2. and Adhesives and Sealants Market Forecast and Analysis
8. SPECIALTY CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. CONSTRUCTION
8.4.1. Overview
8.4.2. Construction Market Forecast and Analysis
8.5. CONSUMER AND RETAIL
8.5.1. Overview
8.5.2. Consumer and Retail Market Forecast and Analysis
8.6. FOOD AND BEVERAGES
8.6.1. Overview
8.6.2. Food and Beverages Market Forecast and Analysis
8.7. TEXTILES
8.7.1. Overview
8.7.2. Textiles Market Forecast and Analysis
8.8. INDUSTRIAL MANUFACTURING
8.8.1. Overview
8.8.2. Industrial Manufacturing Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. SPECIALTY CHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Specialty Chemicals Market Overview
9.1.2 North America Specialty Chemicals Market Forecasts and Analysis
9.1.3 North America Specialty Chemicals Market Forecasts and Analysis - By Product
9.1.4 North America Specialty Chemicals Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Specialty Chemicals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Specialty Chemicals Market
9.1.5.1.1 United States Specialty Chemicals Market by Product
9.1.5.1.2 United States Specialty Chemicals Market by End Use Industry
9.1.5.2 Canada Specialty Chemicals Market
9.1.5.2.1 Canada Specialty Chemicals Market by Product
9.1.5.2.2 Canada Specialty Chemicals Market by End Use Industry
9.1.5.3 Mexico Specialty Chemicals Market
9.1.5.3.1 Mexico Specialty Chemicals Market by Product
9.1.5.3.2 Mexico Specialty Chemicals Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Specialty Chemicals Market Overview
9.2.2 Europe Specialty Chemicals Market Forecasts and Analysis
9.2.3 Europe Specialty Chemicals Market Forecasts and Analysis - By Product
9.2.4 Europe Specialty Chemicals Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Specialty Chemicals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Specialty Chemicals Market
9.2.5.1.1 Germany Specialty Chemicals Market by Product
9.2.5.1.2 Germany Specialty Chemicals Market by End Use Industry
9.2.5.2 France Specialty Chemicals Market
9.2.5.2.1 France Specialty Chemicals Market by Product
9.2.5.2.2 France Specialty Chemicals Market by End Use Industry
9.2.5.3 Italy Specialty Chemicals Market
9.2.5.3.1 Italy Specialty Chemicals Market by Product
9.2.5.3.2 Italy Specialty Chemicals Market by End Use Industry
9.2.5.4 United Kingdom Specialty Chemicals Market
9.2.5.4.1 United Kingdom Specialty Chemicals Market by Product
9.2.5.4.2 United Kingdom Specialty Chemicals Market by End Use Industry
9.2.5.5 Russia Specialty Chemicals Market
9.2.5.5.1 Russia Specialty Chemicals Market by Product
9.2.5.5.2 Russia Specialty Chemicals Market by End Use Industry
9.2.5.6 Rest of Europe Specialty Chemicals Market
9.2.5.6.1 Rest of Europe Specialty Chemicals Market by Product
9.2.5.6.2 Rest of Europe Specialty Chemicals Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Specialty Chemicals Market Overview
9.3.2 Asia-Pacific Specialty Chemicals Market Forecasts and Analysis
9.3.3 Asia-Pacific Specialty Chemicals Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Specialty Chemicals Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Specialty Chemicals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Specialty Chemicals Market
9.3.5.1.1 Australia Specialty Chemicals Market by Product
9.3.5.1.2 Australia Specialty Chemicals Market by End Use Industry
9.3.5.2 China Specialty Chemicals Market
9.3.5.2.1 China Specialty Chemicals Market by Product
9.3.5.2.2 China Specialty Chemicals Market by End Use Industry
9.3.5.3 India Specialty Chemicals Market
9.3.5.3.1 India Specialty Chemicals Market by Product
9.3.5.3.2 India Specialty Chemicals Market by End Use Industry
9.3.5.4 Japan Specialty Chemicals Market
9.3.5.4.1 Japan Specialty Chemicals Market by Product
9.3.5.4.2 Japan Specialty Chemicals Market by End Use Industry
9.3.5.5 South Korea Specialty Chemicals Market
9.3.5.5.1 South Korea Specialty Chemicals Market by Product
9.3.5.5.2 South Korea Specialty Chemicals Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Specialty Chemicals Market
9.3.5.6.1 Rest of Asia-Pacific Specialty Chemicals Market by Product
9.3.5.6.2 Rest of Asia-Pacific Specialty Chemicals Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Specialty Chemicals Market Overview
9.4.2 Middle East and Africa Specialty Chemicals Market Forecasts and Analysis
9.4.3 Middle East and Africa Specialty Chemicals Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Specialty Chemicals Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Specialty Chemicals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Specialty Chemicals Market
9.4.5.1.1 South Africa Specialty Chemicals Market by Product
9.4.5.1.2 South Africa Specialty Chemicals Market by End Use Industry
9.4.5.2 Saudi Arabia Specialty Chemicals Market
9.4.5.2.1 Saudi Arabia Specialty Chemicals Market by Product
9.4.5.2.2 Saudi Arabia Specialty Chemicals Market by End Use Industry
9.4.5.3 U.A.E Specialty Chemicals Market
9.4.5.3.1 U.A.E Specialty Chemicals Market by Product
9.4.5.3.2 U.A.E Specialty Chemicals Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Specialty Chemicals Market
9.4.5.4.1 Rest of Middle East and Africa Specialty Chemicals Market by Product
9.4.5.4.2 Rest of Middle East and Africa Specialty Chemicals Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Specialty Chemicals Market Overview
9.5.2 South and Central America Specialty Chemicals Market Forecasts and Analysis
9.5.3 South and Central America Specialty Chemicals Market Forecasts and Analysis - By Product
9.5.4 South and Central America Specialty Chemicals Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Specialty Chemicals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Specialty Chemicals Market
9.5.5.1.1 Brazil Specialty Chemicals Market by Product
9.5.5.1.2 Brazil Specialty Chemicals Market by End Use Industry
9.5.5.2 Argentina Specialty Chemicals Market
9.5.5.2.1 Argentina Specialty Chemicals Market by Product
9.5.5.2.2 Argentina Specialty Chemicals Market by End Use Industry
9.5.5.3 Rest of South and Central America Specialty Chemicals Market
9.5.5.3.1 Rest of South and Central America Specialty Chemicals Market by Product
9.5.5.3.2 Rest of South and Central America Specialty Chemicals Market by End Use Industry
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. SPECIALTY CHEMICALS MARKET, KEY COMPANY PROFILES
11.1. AKZO NOBEL N.V.
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. PPG INDUSTRIES, INC.
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. SOLVAY S.A.
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. AKZO NOBEL N.V.
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. ALBEMARLE CORPORATION
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. BASF SE
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. CLARIANT AG
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
11.8. EVONIK INDUSTRIES AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HENKEL AG AND COMPANY, KGAA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HUNTSMAN INTERNATIONAL LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. LANXESS AG
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. PPG INDUSTRIES, INC.
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. SOLVAY S.A.
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Akzo Nobel N.V.
2. PPG Industries, Inc.
3. Solvay S.A.
4. Akzo Nobel N.V.
5. Albemarle Corporation
6. BASF SE
7. Clariant AG
8. Evonik Industries AG
9. Henkel AG and Company, KGaA
10. Huntsman International LLC
11. LANXESS AG
12. PPG Industries, Inc.
13. Solvay S.A.
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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