Adipic Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Adipic Acid Market covers analysis By Grade (High Purity Adipic Acid, Low Purity Adipic Acid); Application (Nylon 66, Polyurethanes, Adipate Esters, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00003666
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Adipic acid is a dicarboxylic acid that is one of the most commonly utilized chemicals in industry. It is a carbon, hydrogen, and oxygen-based organic molecule. Adipic acid is one of the principle raw materials used for manufacturing nylon, polyurethane, plasticizers, and other industrial polymers. It also has a wide range of applications in the textile industry and as a flavoring and gelling aid in the food industry. It is also used for manufacturing lubricants.

MARKET SCOPE

The "Global Adipic Acid Market Analysis to 2028" 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 adipic acid market with detailed market segmentation by grade, application, and geography. The report provides key statistics on the market status of the leading adipic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   On the basis of grade, the market is segmented into high purity adipic acid and low purity adipic acid.
  •   On the basis of application, the market is segmented into nylon 66, polyurethanes, adipate esters, and others.

MARKET DYNAMICS
Drivers:

  •   The global adipic acid market is expected to expand over the forecast period, owing to factors such as rising demand from various industries such as chemicals and materials, textile, automotive, food and beverages, and pharmaceuticals and nutraceuticals, among others.
  •   Moreover, rapidly growing building and construction industry is also driving demand for adipic acid as it is used to manufacture external panels, insulation materials, and housing electronics.
  •   The rapidly expanding automotive and packaging sectors are also contributing to the market growth.

Restraints:

  •   Environmental constraints on petroleum-based adipic acid, on the other hand, is expected to restrict the market's growth.

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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The adipic acid 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 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 adipic acid market in these regions.

IMPACT OF COVID-19ON ADIPIC ACID 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 COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.

World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS


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 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The adipic acid 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 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 adipic acid market in these regions.

IMPACT OF COVID-19ON ADIPIC ACID 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 COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the adipic acid 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 Adipic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for adipic acid in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the adipic acid 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.

  •   Asahi Kasei Corporation
  •   BASF SE
  •   Invista
  •   Lanxess AG
  •   Ascend Performance Materials LLC
  •   PetroChina Liaoyang Petrochemical
  •   Radici Group
  •   Henan GP Chemicals Co.,Ltd
  •   Shandong Hongye Chemical Company, Ltd.
  •   BioAmber Inc
  •   Sumitomo Chemical Co., Ltd.
  •   Solvay S.A.
  •   Nexchem
  •   Finetech Industry Ltd.
  •   Genomatica Inc.
  •   Haihang Industry Co. Ltd.
  •   Tractus Company Ltd.
  •   Shijiazhuang Guyu Chemicals Co. Ltd.
  •   WEGO CHEMICAL GROUP
  •   Japan Finechem Inc.
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.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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 Adipic Acid Market - By Grade
1.3.2 Adipic Acid Market - By Application
1.3.3 Adipic Acid Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ADIPIC ACID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. ADIPIC ACID 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. ADIPIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. ADIPIC ACID - GLOBAL MARKET OVERVIEW
6.2. ADIPIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ADIPIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. HIGH PURITY ADIPIC ACID
7.3.1. Overview
7.3.2. High Purity Adipic Acid Market Forecast and Analysis
7.4. LOW PURITY ADIPIC ACID
7.4.1. Overview
7.4.2. Low Purity Adipic Acid Market Forecast and Analysis
8. ADIPIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NYLON 66
8.3.1. Overview
8.3.2. Nylon 66 Market Forecast and Analysis
8.4. POLYURETHANES
8.4.1. Overview
8.4.2. Polyurethanes Market Forecast and Analysis
8.5. ADIPATE ESTERS
8.5.1. Overview
8.5.2. Adipate Esters Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. ADIPIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Adipic Acid Market Overview
9.1.2 North America Adipic Acid Market Forecasts and Analysis
9.1.3 North America Adipic Acid Market Forecasts and Analysis - By Grade
9.1.4 North America Adipic Acid Market Forecasts and Analysis - By Application
9.1.5 North America Adipic Acid Market Forecasts and Analysis - By Countries
9.1.5.1 United States Adipic Acid Market
9.1.5.1.1 United States Adipic Acid Market by Grade
9.1.5.1.2 United States Adipic Acid Market by Application
9.1.5.2 Canada Adipic Acid Market
9.1.5.2.1 Canada Adipic Acid Market by Grade
9.1.5.2.2 Canada Adipic Acid Market by Application
9.1.5.3 Mexico Adipic Acid Market
9.1.5.3.1 Mexico Adipic Acid Market by Grade
9.1.5.3.2 Mexico Adipic Acid Market by Application
9.2. EUROPE
9.2.1 Europe Adipic Acid Market Overview
9.2.2 Europe Adipic Acid Market Forecasts and Analysis
9.2.3 Europe Adipic Acid Market Forecasts and Analysis - By Grade
9.2.4 Europe Adipic Acid Market Forecasts and Analysis - By Application
9.2.5 Europe Adipic Acid Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Adipic Acid Market
9.2.5.1.1 Germany Adipic Acid Market by Grade
9.2.5.1.2 Germany Adipic Acid Market by Application
9.2.5.2 France Adipic Acid Market
9.2.5.2.1 France Adipic Acid Market by Grade
9.2.5.2.2 France Adipic Acid Market by Application
9.2.5.3 Italy Adipic Acid Market
9.2.5.3.1 Italy Adipic Acid Market by Grade
9.2.5.3.2 Italy Adipic Acid Market by Application
9.2.5.4 United Kingdom Adipic Acid Market
9.2.5.4.1 United Kingdom Adipic Acid Market by Grade
9.2.5.4.2 United Kingdom Adipic Acid Market by Application
9.2.5.5 Russia Adipic Acid Market
9.2.5.5.1 Russia Adipic Acid Market by Grade
9.2.5.5.2 Russia Adipic Acid Market by Application
9.2.5.6 Rest of Europe Adipic Acid Market
9.2.5.6.1 Rest of Europe Adipic Acid Market by Grade
9.2.5.6.2 Rest of Europe Adipic Acid Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Adipic Acid Market Overview
9.3.2 Asia-Pacific Adipic Acid Market Forecasts and Analysis
9.3.3 Asia-Pacific Adipic Acid Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Adipic Acid Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Adipic Acid Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Adipic Acid Market
9.3.5.1.1 Australia Adipic Acid Market by Grade
9.3.5.1.2 Australia Adipic Acid Market by Application
9.3.5.2 China Adipic Acid Market
9.3.5.2.1 China Adipic Acid Market by Grade
9.3.5.2.2 China Adipic Acid Market by Application
9.3.5.3 India Adipic Acid Market
9.3.5.3.1 India Adipic Acid Market by Grade
9.3.5.3.2 India Adipic Acid Market by Application
9.3.5.4 Japan Adipic Acid Market
9.3.5.4.1 Japan Adipic Acid Market by Grade
9.3.5.4.2 Japan Adipic Acid Market by Application
9.3.5.5 South Korea Adipic Acid Market
9.3.5.5.1 South Korea Adipic Acid Market by Grade
9.3.5.5.2 South Korea Adipic Acid Market by Application
9.3.5.6 Rest of Asia-Pacific Adipic Acid Market
9.3.5.6.1 Rest of Asia-Pacific Adipic Acid Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Adipic Acid Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Adipic Acid Market Overview
9.4.2 Middle East and Africa Adipic Acid Market Forecasts and Analysis
9.4.3 Middle East and Africa Adipic Acid Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Adipic Acid Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Adipic Acid Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Adipic Acid Market
9.4.5.1.1 South Africa Adipic Acid Market by Grade
9.4.5.1.2 South Africa Adipic Acid Market by Application
9.4.5.2 Saudi Arabia Adipic Acid Market
9.4.5.2.1 Saudi Arabia Adipic Acid Market by Grade
9.4.5.2.2 Saudi Arabia Adipic Acid Market by Application
9.4.5.3 U.A.E Adipic Acid Market
9.4.5.3.1 U.A.E Adipic Acid Market by Grade
9.4.5.3.2 U.A.E Adipic Acid Market by Application
9.4.5.4 Rest of Middle East and Africa Adipic Acid Market
9.4.5.4.1 Rest of Middle East and Africa Adipic Acid Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Adipic Acid Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Adipic Acid Market Overview
9.5.2 South and Central America Adipic Acid Market Forecasts and Analysis
9.5.3 South and Central America Adipic Acid Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Adipic Acid Market Forecasts and Analysis - By Application
9.5.5 South and Central America Adipic Acid Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Adipic Acid Market
9.5.5.1.1 Brazil Adipic Acid Market by Grade
9.5.5.1.2 Brazil Adipic Acid Market by Application
9.5.5.2 Argentina Adipic Acid Market
9.5.5.2.1 Argentina Adipic Acid Market by Grade
9.5.5.2.2 Argentina Adipic Acid Market by Application
9.5.5.3 Rest of South and Central America Adipic Acid Market
9.5.5.3.1 Rest of South and Central America Adipic Acid Market by Grade
9.5.5.3.2 Rest of South and Central America Adipic Acid 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. ADIPIC ACID MARKET, KEY COMPANY PROFILES
11.1. ASAHI KASEI CORPORATION
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. BASF SE
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. INVISTA
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. LANXESS AG
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. ASCEND PERFORMANCE MATERIALS LLCPETROCHINA LIAOYANG PETROCHEMICAL
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. RADICI GROUP
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. HENAN GP CHEMICALS CO.,LTD
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. SHANDONG HONGYE CHEMICAL COMPANY, LTD.
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. BIOAMBER INC.
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. SUMITOMO CHEMICAL CO., LTD.
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. SOLVAY S.A.
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. NEXCHEM
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. FINETECH INDUSTRY LTD.
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
11.14. GENOMATICA INC.
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. HAIHANG INDUSTRY CO. LTD.
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. TRACTUS COMPANY LTD.
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. SHIJIAZHUANG GUYU CHEMICALS CO. LTD.
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. WEGO CHEMICAL GROUP
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. JAPAN FINECHEM INC.
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Asahi Kasei Corporation
2. BASF SE
3. Invista
4. Lanxess AG
5. Ascend Performance Materials LLCPetroChina Liaoyang Petrochemical
6. Radici Group
7. Henan GP Chemicals Co.,Ltd
8. Shandong Hongye Chemical Company, Ltd.
9. BioAmber Inc.
10. Sumitomo Chemical Co., Ltd.
11. Solvay S.A.
12. Nexchem
13. Finetech Industry Ltd.
14. Genomatica Inc.
15. Haihang Industry Co. Ltd.
16. Tractus Company Ltd.
17. Shijiazhuang Guyu Chemicals Co. Ltd.
18. WEGO CHEMICAL GROUP
19. Japan Finechem Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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