[Research Report] The tertiary amines market size is expected to grow from US$ 4.47 billion in 2022 to US$ 6.92 billion by 2030; it is estimated to register a CAGR of 5.6% from 2022 to 2030.
Market Insights and Analyst View:
Tertiary amines are an amine having a trivalent group attached to three hydrocarbon groups in the molecule. They have a wide range of uses and are important products in the modern chemical industry. The applications of tertiary amines include quaternary derivatives, amine oxides, and betaines, which are used in household, industrial, and institutional cleaners and disinfectants, oil fields, wood treatment, personal care, water treatment, and other end-use markets. Tertiary amines are synthesized by using different methods such as reductive alkylation of aldehydes with secondary amines over metal catalysts, N-alkylation of amines or nitroarenes with alkylhalides or alcohols, amination of arylhalides, and other methods. There are several classes of tertiary amines. Fatty tertiary amines are used for the synthesis of surfactants. Tertiary amines are used as components of formulated products and intermediate products of various specialized chemical derivatives. Moreover, tertiary amines are an important raw material for the production of quaternary ammonium salts. Further, the factors driving the tertiary amines market growth are increasing demand from various end-use industries and strong growth of the chemicals industry in various countries across the globe.
Growth Drivers and Challenges:
The major factor driving the tertiary amines market is the increasing use of tertiary amines in various end-use applications. Tertiary amines find application in agricultural chemicals, pharmaceuticals, textiles, water treatment, cleaning products, personal care, and many other applications. Rising demand for detergents, cleaning products, etc., is fuelling the demand for tertiary amines. Tertiary amine derivatives are used in water treatments, oil fields, and personal care. Water treatment is becoming increasingly important in many countries and regions across the globe. Various European countries are progressing toward the protection of sensitive water systems, wastewater treatment targets, and the use of wastewater sludge. According to the data from the European Environment Agency (EEA) published in 2021, the collection and treatment of wastewater are improving across Europe. Further, across the EU, ~90% of urban wastewater is collected and treated in accordance with the EU Waste Water Treatment Directive. The EU member states are significantly applying the rules, and the compliance rate slightly increased between 2016 and 2018 as per the country analysis based on the implementation of EU rules on wastewater treatment. Further, in Southeast Asia, the increasing demand for clean water, growing water contamination, stringent government regulations on water treatment, and increasing industrial waste discharge into water bodies have necessitated initiatives to expand wastewater treatment facilities in the region. All these factors are driving the demand for tertiary amines. Further, the consistently growing personal care industry is also boosting the demand for tertiary amines. Personal care product manufacturers are focusing on product branding, advertising, and new product launch strategies to increase the sales of products. Also, growing income, standard of living, and increasing number of people using different personal care products are also driving the growth in the personal care industry, fuelling the tertiary amines market growth. However, due to the toxic nature of tertiary amines, the market growth is expected to be hampered during the forecast period. Also, fluctuations in the prices of crude oil also impact the overall prices of tertiary amines.
Strategic Insights
Report Segmentation and Scope:
The “Global Tertiary Amines Market” is segmented based on product, application, end-use, and geography. Based on product, the tertiary amines market is segmented into C-8, C-10, C-12, and others. The market is segmented based on application into surfactants, biocides, corrosion inhibitors, and others. The market is segmented based on end-use into agricultural chemicals, pharmaceuticals, textiles, water treatment, cleaning products, personal care, and others. The tertiary amines market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
Based on end use, the tertiary amines market is segmented into agricultural chemicals, pharmaceuticals, textiles, water treatment, cleaning products, personal care, and others. The personal care segment is expected to register significant growth over the studied period. Tertiary amine derivatives are used in the personal care industry. Factors such as rising population, increasing consumer awareness about new personal care products, and rising demand for hair styling, facial products, makeup products, and others is fueling the tertiary amines market growth. Moreover, the strong growth of the personal care industry in various countries across the globe is also positively impacting the market growth.
Regional Analysis:
Based on geography, the tertiary amines market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global tertiary amines market was dominated by Asia Pacific. Asia Pacific's tertiary amines market includes countries such as Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The major factor driving the growth of the tertiary amines market in Asia Pacific is the rising use of tertiary amines in various end-use applications. China is one of the major markets for tertiary amines. In Asia Pacific, rising consumption of personal care products, growth in oilfield drilling activities, rising focus towards water treatment activities, etc. are driving the demand for tertiary amines. Further, in India, improving socio-economic standards and large-scale development of digital and manufacturing sectors are resulting in an increasing demand for personal care products. The personal care industry is growing faster, with more and more people in the region buying personal care and beauty products. Hence, the strong growth of the personal care industry in the region is fueling the market growth.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the tertiary amines market are listed below:
- In February 2022, Eastman completed tertiary amine capacity expansions in Ghent (Belgium) and Pace, Florida (the US). The Pace expansion has improved production flow, and the Ghent expansion has led to an increase in capacity. These significant investments show the company's strong commitment to its home and personal care customers.
- In February 2022, Kao Corporation decided to build a new tertiary amine production plant in Pasadena, Texas, the US. The new plant is expected to meet the growing demand for sterilizing/cleaning applications but also for a wide range of other industrial applications.
- In June 2022, BASF SE announced that they would increase the production capacity for key specialty amines manufactured at its Geismar, Louisiana site. The company will be able to produce more of its key polyetheramines and tertiary amines marketed under the Baxxodur and LupragenTM brands after the completion of production capacity expansion of a flexible world-scale production asset by mid-2023.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemicals and materials industry. The shutdown of manufacturing units of companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. The negative impact of the pandemic on the various industries negatively impacted the tertiary amines market growth. The pandemic has disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. The increased raw material prices posed major challenges for companies in the market. Various industries in North America also experienced the tremors of disturbed supply chains and limited operational efficiencies. The pandemic has brought unprecedented impacts such as labor shortage, suspension and cancellation of projects, and disrupted supply and logistics in the US market. Reduced demand for tertiary amines from applications such as water treatment, cleaning products, personal care, agricultural chemicals, textiles, and others negatively impacted the tertiary amines market growth.
Governments of various Asia Pacific countries announced country-wide lockdowns to restrict the spread of SARS-CoV-2, which has a direct impact on the growth of the industrial sector. In Asia Pacific, the market for tertiary amines was negatively impacted by the pandemic due to the reduced demand from personal care, agricultural chemicals, and textile industries.
However, various industries are coming on track after supply constraints affecting these industries are resolving gradually. Moreover, the rising demand for tertiary amines from various application sectors is substantially promoting the tertiary amines market growth.
Competitive Landscape and Key Companies:
A few players operating in the global tertiary amines market include Eastman Chemical Company, Dow Chemical Company, Indo Amines Ltd, Albemarle Corporation, KLK OLEO, Kao Corporation, Arkema S.A, Solvay S.A., Temix Oleo Srl, and BASF SE. Players operating in the market focus on providing high-quality products to fulfill customer demand. Players operating in the market also focus on adopting various strategies, such as investment in research and development activities, new product launches, and capacity expansion in order to stay competitive in the market.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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 Tertiary Amines Market - By Product Type
1.3.2 Tertiary Amines Market - By Application
1.3.3 Tertiary Amines Market - By End Use
1.3.4 Tertiary Amines Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TERTIARY AMINES 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. TERTIARY AMINES 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. TERTIARY AMINES MARKET - GLOBAL MARKET ANALYSIS
6.1. TERTIARY AMINES - GLOBAL MARKET OVERVIEW
6.2. TERTIARY AMINES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TERTIARY AMINES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. C-8 TA
7.3.1. Overview
7.3.2. C-8 TA Market Forecast and Analysis
7.4. C-10 TA
7.4.1. Overview
7.4.2. C-10 TA Market Forecast and Analysis
7.5. C-12 TA
7.5.1. Overview
7.5.2. C-12 TA Market Forecast and Analysis
7.6. C-14 TA
7.6.1. Overview
7.6.2. C-14 TA Market Forecast and Analysis
7.7. C-16 TA
7.7.1. Overview
7.7.2. C-16 TA Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. TERTIARY AMINES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SURFACTANTS
8.3.1. Overview
8.3.2. Surfactants Market Forecast and Analysis
8.4. BIOCIDES
8.4.1. Overview
8.4.2. Biocides Market Forecast and Analysis
8.5. FLOATATION AGENTS
8.5.1. Overview
8.5.2. Floatation Agents Market Forecast and Analysis
8.6. CORROSION INHIBITORS
8.6.1. Overview
8.6.2. Corrosion Inhibitors Market Forecast and Analysis
8.7. EMULSIFIER
8.7.1. Overview
8.7.2. Emulsifier Market Forecast and Analysis
8.8. DRILLING MATERIAL
8.8.1. Overview
8.8.2. Drilling Material Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. TERTIARY AMINES MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. CLEANING PRODUCTS
9.3.1. Overview
9.3.2. Cleaning Products Market Forecast and Analysis
9.4. AGRICULTURAL CHEMICALS
9.4.1. Overview
9.4.2. Agricultural Chemicals Market Forecast and Analysis
9.5. PERSONAL CARE
9.5.1. Overview
9.5.2. Personal Care Market Forecast and Analysis
9.6. PETROLEUM INDUSTRY
9.6.1. Overview
9.6.2. Petroleum Industry Market Forecast and Analysis
9.7. WATER TREATMENT
9.7.1. Overview
9.7.2. Water Treatment Market Forecast and Analysis
9.8. PLASTICS
9.8.1. Overview
9.8.2. Plastics Market Forecast and Analysis
9.9. PHARMACEUTICALS
9.9.1. Overview
9.9.2. Pharmaceuticals Market Forecast and Analysis
9.10. TEXTILES AND FIBERS
9.10.1. Overview
9.10.2. Textiles and Fibers Market Forecast and Analysis
9.11. OTHERS
9.11.1. Overview
9.11.2. Others Market Forecast and Analysis
10. TERTIARY AMINES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tertiary Amines Market Overview
10.1.2 North America Tertiary Amines Market Forecasts and Analysis
10.1.3 North America Tertiary Amines Market Forecasts and Analysis - By Product Type
10.1.4 North America Tertiary Amines Market Forecasts and Analysis - By Application
10.1.5 North America Tertiary Amines Market Forecasts and Analysis - By End Use
10.1.6 North America Tertiary Amines Market Forecasts and Analysis - By Countries
10.1.6.1 United States Tertiary Amines Market
10.1.6.1.1 United States Tertiary Amines Market by Product Type
10.1.6.1.2 United States Tertiary Amines Market by Application
10.1.6.1.3 United States Tertiary Amines Market by End Use
10.1.6.2 Canada Tertiary Amines Market
10.1.6.2.1 Canada Tertiary Amines Market by Product Type
10.1.6.2.2 Canada Tertiary Amines Market by Application
10.1.6.2.3 Canada Tertiary Amines Market by End Use
10.1.6.3 Mexico Tertiary Amines Market
10.1.6.3.1 Mexico Tertiary Amines Market by Product Type
10.1.6.3.2 Mexico Tertiary Amines Market by Application
10.1.6.3.3 Mexico Tertiary Amines Market by End Use
10.2. EUROPE
10.2.1 Europe Tertiary Amines Market Overview
10.2.2 Europe Tertiary Amines Market Forecasts and Analysis
10.2.3 Europe Tertiary Amines Market Forecasts and Analysis - By Product Type
10.2.4 Europe Tertiary Amines Market Forecasts and Analysis - By Application
10.2.5 Europe Tertiary Amines Market Forecasts and Analysis - By End Use
10.2.6 Europe Tertiary Amines Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Tertiary Amines Market
10.2.6.1.1 Germany Tertiary Amines Market by Product Type
10.2.6.1.2 Germany Tertiary Amines Market by Application
10.2.6.1.3 Germany Tertiary Amines Market by End Use
10.2.6.2 France Tertiary Amines Market
10.2.6.2.1 France Tertiary Amines Market by Product Type
10.2.6.2.2 France Tertiary Amines Market by Application
10.2.6.2.3 France Tertiary Amines Market by End Use
10.2.6.3 Italy Tertiary Amines Market
10.2.6.3.1 Italy Tertiary Amines Market by Product Type
10.2.6.3.2 Italy Tertiary Amines Market by Application
10.2.6.3.3 Italy Tertiary Amines Market by End Use
10.2.6.4 Spain Tertiary Amines Market
10.2.6.4.1 Spain Tertiary Amines Market by Product Type
10.2.6.4.2 Spain Tertiary Amines Market by Application
10.2.6.4.3 Spain Tertiary Amines Market by End Use
10.2.6.5 United Kingdom Tertiary Amines Market
10.2.6.5.1 United Kingdom Tertiary Amines Market by Product Type
10.2.6.5.2 United Kingdom Tertiary Amines Market by Application
10.2.6.5.3 United Kingdom Tertiary Amines Market by End Use
10.2.6.6 Rest of Europe Tertiary Amines Market
10.2.6.6.1 Rest of Europe Tertiary Amines Market by Product Type
10.2.6.6.2 Rest of Europe Tertiary Amines Market by Application
10.2.6.6.3 Rest of Europe Tertiary Amines Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tertiary Amines Market Overview
10.3.2 Asia-Pacific Tertiary Amines Market Forecasts and Analysis
10.3.3 Asia-Pacific Tertiary Amines Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Tertiary Amines Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Tertiary Amines Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Tertiary Amines Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Tertiary Amines Market
10.3.6.1.1 Australia Tertiary Amines Market by Product Type
10.3.6.1.2 Australia Tertiary Amines Market by Application
10.3.6.1.3 Australia Tertiary Amines Market by End Use
10.3.6.2 China Tertiary Amines Market
10.3.6.2.1 China Tertiary Amines Market by Product Type
10.3.6.2.2 China Tertiary Amines Market by Application
10.3.6.2.3 China Tertiary Amines Market by End Use
10.3.6.3 India Tertiary Amines Market
10.3.6.3.1 India Tertiary Amines Market by Product Type
10.3.6.3.2 India Tertiary Amines Market by Application
10.3.6.3.3 India Tertiary Amines Market by End Use
10.3.6.4 Japan Tertiary Amines Market
10.3.6.4.1 Japan Tertiary Amines Market by Product Type
10.3.6.4.2 Japan Tertiary Amines Market by Application
10.3.6.4.3 Japan Tertiary Amines Market by End Use
10.3.6.5 South Korea Tertiary Amines Market
10.3.6.5.1 South Korea Tertiary Amines Market by Product Type
10.3.6.5.2 South Korea Tertiary Amines Market by Application
10.3.6.5.3 South Korea Tertiary Amines Market by End Use
10.3.6.6 Rest of Asia-Pacific Tertiary Amines Market
10.3.6.6.1 Rest of Asia-Pacific Tertiary Amines Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Tertiary Amines Market by Application
10.3.6.6.3 Rest of Asia-Pacific Tertiary Amines Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tertiary Amines Market Overview
10.4.2 Middle East and Africa Tertiary Amines Market Forecasts and Analysis
10.4.3 Middle East and Africa Tertiary Amines Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Tertiary Amines Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Tertiary Amines Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Tertiary Amines Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tertiary Amines Market
10.4.6.1.1 South Africa Tertiary Amines Market by Product Type
10.4.6.1.2 South Africa Tertiary Amines Market by Application
10.4.6.1.3 South Africa Tertiary Amines Market by End Use
10.4.6.2 Saudi Arabia Tertiary Amines Market
10.4.6.2.1 Saudi Arabia Tertiary Amines Market by Product Type
10.4.6.2.2 Saudi Arabia Tertiary Amines Market by Application
10.4.6.2.3 Saudi Arabia Tertiary Amines Market by End Use
10.4.6.3 U.A.E Tertiary Amines Market
10.4.6.3.1 U.A.E Tertiary Amines Market by Product Type
10.4.6.3.2 U.A.E Tertiary Amines Market by Application
10.4.6.3.3 U.A.E Tertiary Amines Market by End Use
10.4.6.4 Rest of Middle East and Africa Tertiary Amines Market
10.4.6.4.1 Rest of Middle East and Africa Tertiary Amines Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Tertiary Amines Market by Application
10.4.6.4.3 Rest of Middle East and Africa Tertiary Amines Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tertiary Amines Market Overview
10.5.2 South and Central America Tertiary Amines Market Forecasts and Analysis
10.5.3 South and Central America Tertiary Amines Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Tertiary Amines Market Forecasts and Analysis - By Application
10.5.5 South and Central America Tertiary Amines Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Tertiary Amines Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tertiary Amines Market
10.5.6.1.1 Brazil Tertiary Amines Market by Product Type
10.5.6.1.2 Brazil Tertiary Amines Market by Application
10.5.6.1.3 Brazil Tertiary Amines Market by End Use
10.5.6.2 Argentina Tertiary Amines Market
10.5.6.2.1 Argentina Tertiary Amines Market by Product Type
10.5.6.2.2 Argentina Tertiary Amines Market by Application
10.5.6.2.3 Argentina Tertiary Amines Market by End Use
10.5.6.3 Rest of South and Central America Tertiary Amines Market
10.5.6.3.1 Rest of South and Central America Tertiary Amines Market by Product Type
10.5.6.3.2 Rest of South and Central America Tertiary Amines Market by Application
10.5.6.3.3 Rest of South and Central America Tertiary Amines Market by End Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. TERTIARY AMINES MARKET, KEY COMPANY PROFILES
12.1. ALBEMARLE CORPORATION
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. KLK OLEO
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. KAO CORPORATION
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. EASTMAN CHEMICAL COMPANY
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. ARKEMA
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. BALAJI AMINES
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. TEMIX OLEO SRL
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. INDO AMINES 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. DOW CHEMICAL
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. SOLVAY
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Albemarle Corporation
2. KLK Oleo
3. Kao Corporation
4. Eastman Chemical Company
5. Arkema
6. Balaji Amines
7. Temix Oleo Srl
8. Indo Amines Ltd.
9. Dow Chemical
10. Solvay
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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