Asia Pacific Tert Butanol Market to Grow at a CAGR of 3.4% to reach US$ 1,968.33 million Million from 2021 to 2028

Asia Pacific Tert Butanol Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Purity (> 99 and ≤ 99), Application (Solvents and Intermediates, Ethanol Denaturants, MTBEs and ETBEs, Methylmethacrylates (MMAs), and Others), and End Use Industry (Flavours and Fragrances, Paints and Coatings, Pharmaceuticals, and Others)

  • Report Code : TIPRE00025794
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 154
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The tert butanol market in Asia Pacific is expected to grow from US$ 1,968.33 million by 2028 from US$ 1,554.14 million in 2021. The market is estimated to grow at a CAGR of 3.4% from 2021 to 2028.



Tert-Butanol is a clear liquid with a camphor odor. In cosmetics and personal care products, tert-butanol is used in the formulation of perfumes, colognes, hair spray, aftershave lotions, nail polishes, and shaving products. With the increasing investment in research and development activities, manufacturers are coming up with new product applications that suit specific industry requirements. For instance, Evonik Industries AG has proved that tert butanol can also be used as a denaturant in cosmetic alcohols. It may be useful in the manufacturing of cosmetic products or odor enhancers. With the growing consumer preference for different fragrances, the demand for tert butanol is expected to offer lucrative opportunities for the growth of the tert butanol market in the near future for market players.

COVID-19 has caused a significant economic loss in the Asia Pacific. The consequence and impact can be even worse and totally depends on the spread of the virus. The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand and other Asian economies have prolonged the effect of pandemic upon the GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding the future outbreak especially in countries such as India and few other Asian countries, has altered the status of the market. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which have a direct impact upon the growth of industrial sectors. This may impact the demand for tert butanol. However, the market is expected to witness an increase in investment by existing players along with penetration of new players to tap the prevailing opportunities as well as cater to soaring demand in post-pandemic times.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific tert butanol market. The Asia Pacific tert butanol market is expected to grow at a good CAGR during the forecast period.

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Asia Pacific Tert Butanol Market Segmentation

Asia Pacific Tert Butanol Market – By Purity

  • ≥99
  • ≤99

Asia Pacific Tert Butanol Market – By End Use

  • Flavors and Fragrances
  • Paints and Coatings
  • Pharmaceuticals
  • Others

 

Asia Pacific Tert Butanol Market – By Application

  • Solvents and Intermediates
  • Ethanol Denaturants
  • MTBEs and ETBEs
  • Methylmethacrylates (MMAs)
  • Others

Asia Pacific Tert Butanol Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Tert Butanol Market – Companies Mentioned

  • Alfa Aesar
  • Evonik
  • FINAR CHEMICALS
  • KURARAY CO., LTD.
  • LOTTE CHEMICAL TITAN HOLDING BERHAD
  • LyondellBasell Industries Holdings B.V.
  • Merck KGaA                        
  • Tiande Chemical Holdings Limited
  • Tokyo Chemical Industry Co., Ltd.
  • Sisco Research Laboratories Pvt. Ltd.         
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 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Asia Pacific Tert Butanol – Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.3.1 Raw Material:

4.3.2 Manufacturing/Processing:

4.3.3 End Users:

4.4 Production Process of Tert Butanol

4.4.1 Preparation of Raw Material Stage

4.4.2 Formation of Tertiary Butyl

4.4.3 Purification Stage

4.5 Expert Opinion

5. Asia Pacific Tert Butanol Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Burgeoning Demand For Tert Butanol From end Use Industries

5.1.2 Widening Demand for Freeze-Drying Agents in Pharmaceutical Industry

5.2 Market Restraints

5.2.1 Strong Regulations On VOC-Emitting Solvents

5.3 Market Opportunities

5.3.1 Appearing Use Of Tertiary Butanol In Cosmetic Alcohols

5.4 Future Trends

5.4.1 Increase Renovation and Remodeling Activities

5.5 Impact Analysis of Drivers and Restraint

6. Asia Pacific Tert Butanol – Market Analysis

6.1 Market Overview

6.2 Asia Pacific Tert Butanol Market – Revenue Forecasts to 2028 (US$ Million)

7. Asia Pacific Tert Butanol Market Analysis – By Purity

7.1 Overview

7.2 Tert Butanol Market, By Purity (2020 and 2028)

7.3 >99

7.3.1 >99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2 >99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

7.4 ≤99

7.4.1 ≤99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

7.4.2 ≤99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8. Asia Pacific Tert Butanol Market Analysis – By End Use Industry

8.1 Overview

8.2 Tert Butanol Market, By End Use Industry (2020 and 2028)

8.3 Flavors and Fragrances

8.3.1 Overview

8.3.2 Flavors and Fragrances: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3 Flavors and Fragrances: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.4 Paints and Coatings

8.4.1 Overview

8.4.2 Paints and Coatings: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3 Paints and Coatings: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.5 Pharmaceuticals

8.5.1 Overview

8.5.2 Pharmaceuticals: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.5.3 Pharmaceuticals: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

8.6 Others

8.6.1 Overview

8.6.2 Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

8.6.3 Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9. Asia Pacific Tert Butanol Market Analysis – By Application

9.1 Overview

9.2 Asia Pacific Tert Butanol Market, By Application (2020 and 2028)

9.3 Solvents and Intermediates

9.3.1 Overview

9.3.2 Solvents and Intermediates: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.3.3 Solvents and Intermediates: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.4 Ethanol Denaturants

9.4.1 Overview

9.4.2 Ethanol Denaturants: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.4.3 Ethanol Denaturants: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.5 MTBEs and ETBEs

9.5.1 Overview

9.5.2 MTBEs and ETBEs: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.5.3 MTBEs and ETBEs: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.6 Methylmethacrylates (MMAs)

9.6.1 Overview

9.6.2 Methylmethacrylates (MMAs): Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.6.3 Methylmethacrylates (MMAs): Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

9.7 Others

9.7.1 Overview

9.7.2 Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

9.7.3 Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

10. Asia Pacific Tert Butanol Market – Country Analysis

10.1 Overview

10.1.1 Asia Pacific: Tert Butanol Market, by Key Country

10.1.1.1 Australia: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Tert Butanol Market, by Purity

10.1.1.1.2 Australia: Tert Butanol Market, by End Use Industry

10.1.1.1.3 Australia: Tert Butanol Market, by Application

10.1.1.2 China: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Tert Butanol Market, by Purity

10.1.1.2.2 China: Tert Butanol Market, by End Use Industry

10.1.1.2.3 China: Tert Butanol Market, by Application

10.1.1.3 India: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Tert Butanol Market, by Purity

10.1.1.3.2 India: Tert Butanol Market, by End Use Industry

10.1.1.3.3 India: Tert Butanol Market, by Application

10.1.1.4 Japan: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Tert Butanol Market, by Purity

10.1.1.4.2 Japan: Tert Butanol Market, by End Use Industry

10.1.1.4.3 Japan: Tert Butanol Market, by Application

10.1.1.5 South Korea: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Tert Butanol Market, by Purity

10.1.1.5.2 South Korea: Tert Butanol Market, by End Use Industry

10.1.1.5.3 South Korea: Tert Butanol Market, by Application

10.1.1.6 Rest of Asia Pacific: Tert Butanol Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Asia Pacific: Tert Butanol Market, by Purity

10.1.1.6.2 Rest of Asia Pacific: Tert Butanol Market, by End Use Industry

10.1.1.6.3 Rest of Asia Pacific: Tert Butanol Market, by Application

11. Asia Pacific Tert Butanol Market – Impact of COVID-19

11.1 Impact Assessment of COVID-19 Pandemic

12. Company Profiles

12.1 Alfa Aesar

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 Evonik

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 FINAR CHEMICALS

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 KURARAY CO., LTD.

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 LOTTE CHEMICAL TITAN HOLDING BERHAD

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 LyondellBasell Industries Holdings B.V.

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 Merck KGaA

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 Sisco Research Laboratories Pvt. Ltd.

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 Tiande Chemical Holdings Limited

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 Tokyo Chemical Industry Co., Ltd.

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 Word Index

LIST OF TABLES

Table 1. Asia Pacific Tert Butanol Market –Revenue Forecast to 2028 (US$ Million)

Table 2. Australia Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 4. Australia Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 5. Australia Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 6. Australia Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 7. Australia Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 8. China Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 9. China Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 10. China Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 11. China Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 12. China Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 13. China Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 14. India Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 15. India Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 16. India Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 17. India Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 18. India Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 19. India Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 20. Japan Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 21. Japan Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 22. Japan Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 23. Japan Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 24. Japan Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 25. Japan Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 26. South Korea Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 27. South Korea Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 28. South Korea Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 29. South Korea Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 30. South Korea Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 31. South Korea Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 32. Rest of Asia Pacific Tert Butanol Market, by Purity – Revenue and Forecast to 2028 (US$ Million)

Table 33. Rest of Asia Pacific Tert Butanol Market, by Purity – Volume and Forecast to 2028 (Kilo Tons)

Table 34. Rest of Asia Pacific Tert Butanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 35. Rest of Asia Pacific Tert Butanol Market, by End Use Industry– Volume and Forecast to 2028 (Kilo Tons)

Table 36. Rest of Asia Pacific Tert Butanol Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 37. Rest of Asia Pacific Tert Butanol Market, by Application– Volume and Forecast to 2028 (Kilo Tons)

Table 38. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Tert Butanol Market Segmentation

Figure 2. Asia Pacific Tert Butanol Market Segmentation – By Country

Figure 3. Asia Pacific Tert Butanol Market Overview

Figure 4. Paints and Coatings Segment Held Largest Share of Asia Pacific Tert Butanol Market

Figure 5. China Held Largest Share of Asia Pacific Tert Butanol Market

Figure 6. Porter ‘s Five Forces Analysis for Tert Butanol Market

Figure 7. Ecosystem: Tert Butanol

Figure 8. Expert Opinion

Figure 9. Asia Pacific Tert Butanol Market Impact Analysis of Driver and Restraint

Figure 10. Asia Pacific Tert Butanol Market – Revenue Forecast to 2028 (US$ Million)

Figure 11. Tert Butanol Market Revenue Share, By Purity (2020 and 2028)

Figure 12. >99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. >99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 14. ≤99: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. ≤99: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 16. Tert Butanol Market Revenue Share, By End Use Industry (2020 and 2028)

Figure 17. Flavors and Fragrances: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Flavors and Fragrances: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 19. Paints and Coatings: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Paints and Coatings: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 21. Pharmaceuticals: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Pharmaceuticals: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 23. Others: Tert Butanol Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 25. Asia Pacific Tert Butanol Market Revenue Share, By Application (2020 and 2028)

Figure 26. Solvents and Intermediates: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Solvents and Intermediates: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 28. Ethanol Denaturants: Tert Butanol Market – Revenue and Forecast To 2028 (US$ Million)

Figure 29. Ethanol Denaturants: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 30. MTBEs and ETBEs: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. MTBEs and ETBEs: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 32. Methylmethacrylates (MMAs): Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Methylmethacrylates (MMAs): Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 34. Others: Tert Butanol Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Others: Tert Butanol Market – Volume and Forecast to 2028 (Kilo Tons)

Figure 36. Geographic Overview of Asia Pacific Tert Butanol Market

Figure 37. Asia Pacific: Tert Butanol Market Revenue Share, by Key Country (2020 and 2028)

Figure 38. Australia: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39. Australia: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 40. China: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 41. China: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 42. India: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 43. India: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 44. Japan: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 45. Japan: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 46. South Korea: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 47. South Korea: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 48. Rest of Asia Pacific: Tert Butanol Market –Revenue and Forecast to 2028 (US$ Million)

Figure 49. Rest of Asia Pacific: Tert Butanol Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 50. Impact of COVID-19 Pandemic in Asia Pacific

  1. Alfa Aesar
  2. Evonik
  3. FINAR CHEMICALS
  4. KURARAY CO., LTD.
  5. LOTTE CHEMICAL TITAN HOLDING BERHAD
  6. LyondellBasell Industries Holdings B.V.
  7. Merck KGaA
  8. Tiande Chemical Holdings Limited
  9. Tokyo Chemical Industry Co., Ltd.
  10. Sisco Research Laboratories Pvt. Ltd.    

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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