Aliphatic Solvents Market Growth, Size, Share, Trends, and Forecast by 2031

Coverage: Aliphatic Solvents Market covers analysis By Type (Mineral Spirits, Hexane, Heptane, Varnish Makers and painters, Others); Application (Paints and Coatings, Cleaning and Degreasing, Adhesives, Aerosols, Rubbers and Polymer, Printing inks, Ohers) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00019937
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Aliphatic Solvents Market Size - Growth, Share by 2031

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The Aliphatic Solvents Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.

The report is segmented by type (mineral spirits, hexane, heptane, varnish makers and painters, others). The report further presents analysis based on application (paints and coatings, cleaning and degreasing, adhesives, aerosols, rubbers and polymer, printing inks, others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.

Purpose of the Report

The report Aliphatic Solvents Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Aliphatic Solvents Market Segmentation

Type
  • Mineral Spirits
  • Hexane
  • Heptane
  • Varnish Makers and painters
  • Others
Application
  • Paints and Coatings
  • Cleaning and Degreasing
  • Adhesives
  • Aerosols
  • Rubbers and Polymer
  • Printing inks
  • Others

Strategic Insights

Aliphatic Solvents Market Growth Drivers
  • Growing Construction Industry: Aliphatic solvents are predominant in the construction for jobs like cleaning, degreasing or even coating purposes. Various regions across the globe that have a high urbanization rate, especially Africa, Asia Pacific and Middle East have in one way or the other facilitated the uptake of aliphatic with the increase in provision of construction materials and infrastructure as well as housing projects.
  • Increasing Demand from the Automotive Industry: The automotive industry makes extensive use of aliphatic solvents in cleaning and degreasing the internal parts of the engines. The increasing production of vehicles around the world and the rising need for lighter and more fuel efficient vehicles primarily in the developing countries has led to increased consumption of aliphatic solvents in automobile manufacturing and servicing.
  • Growing Need for Decorative and Protective Coatings: Aliphatic solvents are also instrumental in the preparation of paints and coatings including varnishes. Due to the growing need for decorative and protective coatings in construction, automotive and industrial sectors, the aliphatic solvent market is also increasing. This increasing appetite is additional driven by improved spending on infrastructures and rapid industrialization.
Aliphatic Solvents Market Future Trends
  • Stringent Enviornmental Policies: The growing need to comply with environmental policies that aim at reducing the solvent emissions of volatile organic compounds (VOC) is creating a new growth trend which favors the low-voc aliphatic solvents. This trend is likely to be faster due to the ongoing exercise of green practices by the industries and the low environmentally responsible products that consumers are looking for.
  • Growing Focus on Sustainability: With the growing focus on sustainability, there is increased attention in adoption of renewable resources towards the production of solvents. In the context of greener initiatives, development of bio-aliphatic solvent systems made from agricultural resources has been encouraged as they are less toxic and less harmful to the environment than fossil-feedstock-based solvents.
  • Increased Industrialization: The increase in industrialization coupled with the growth of vehicle production in the developing countries especially in the Asia-Pacific region and LATAM will fuel the growth of aliphatic solvents. Moreover, the upsurge in the construction and manufacturing activities will increase the demand of solvents for cleaning, degreasing, coatings applications, etc. enabling the market growth.
Aliphatic Solvents Market Opportunities
  • A Shift Towards Greener Alternatives: With the changing practices of industries towards green environment, increasing demand for low-VOC and green coatings is creating a business chances for aliphatic solvent producers. Development of such solvents will explore new markets as restrictions on coatings in construction, automotive and industrial applications are being keenly adhered to.
  • Growing End Use Industries: Aliphatic solvents appear to have a strong potential in the industries such as construction, automotive, electronics where adhesives and sealants are extensively used. Given that these sectors are growing more particularly in countries that are still developing, there is a need for advanced adhesives which also require solvents thus maintaining a good growth trend of the market.
  • Increasing Focus on Sustainable Manufacturing: Sustainability in the process of manufacturing has been a fundamental driver towards the aliphatic solvent producers in creating new products with plant derived formulation. Solvent systems based on renewable resources like vegetable oils help in not only supporting the green campaigns but also along with the rising market and regulatory trend for bio based products helps in the penetrating of such markets.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aliphatic Solvents Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Aliphatic Solvents Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
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Report Coverage
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

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to country scope.

Frequently Asked Questions


What is the furture trend for aliphatic solvents market?

Transitioning towards more low VOC solvents is expected to be the key market trends

Which is the fastest growing segment based on type?

Based on type, the hexane segment is expected to witness the fastest growth during the forecast period

Based on geography, which region held the largest share of the aliphatic solvents market?

Based on geography, Asia Pacific held the largest share of the aliphatic solvents market due to the well-established manufacturing industry across the region, coupled with continuous growth and development

What are the driving factors impacting the aliphatic solvents market?

Growth of the construction industry is driving the market growth

What are the key players operating in the aliphatic solvents market?

ExxonMobil; Shell Chemicals; Dow Chemical Company; BASF SE; Chevron Phillips Chemical; Huntsman Corporation; TotalEnergies; LyondellBasell Industries
Sasol Limited; INEOS Group; SK Global Chemical; Eastman Chemical Company; Royal Dutch Shell plc; Ashland Global Holdings Inc.; Idemitsu Kosan Co., Ltd.

What is the expected CAGR of the Aliphatic Solvents Market?

The Aliphatic Solvents Market is estimated to witness a CAGR of 5% from 2023 to 2031

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 Aliphatic Solvents Market - By Type
1.3.2 Aliphatic Solvents Market - By Application
1.3.3 Aliphatic Solvents Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ALIPHATIC SOLVENTS 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. ALIPHATIC SOLVENTS 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. ALIPHATIC SOLVENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. ALIPHATIC SOLVENTS - GLOBAL MARKET OVERVIEW
6.2. ALIPHATIC SOLVENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ALIPHATIC SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MINERAL SPIRITS
7.3.1. Overview
7.3.2. Mineral Spirits Market Forecast and Analysis
7.4. HEXANE
7.4.1. Overview
7.4.2. Hexane Market Forecast and Analysis
7.5. HEPTANE
7.5.1. Overview
7.5.2. Heptane Market Forecast and Analysis
7.6. VARNISH MAKERS AND PAINTERS
7.6.1. Overview
7.6.2. Varnish Makers and painters Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ALIPHATIC SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAINTS AND COATINGS
8.3.1. Overview
8.3.2. Paints and Coatings Market Forecast and Analysis
8.4. CLEANING AND DEGREASING
8.4.1. Overview
8.4.2. Cleaning and Degreasing Market Forecast and Analysis
8.5. ADHESIVES
8.5.1. Overview
8.5.2. Adhesives Market Forecast and Analysis
8.6. AEROSOLS
8.6.1. Overview
8.6.2. Aerosols Market Forecast and Analysis
8.7. RUBBERS AND POLYMER
8.7.1. Overview
8.7.2. Rubbers and Polymer Market Forecast and Analysis
8.8. PRINTING INKS
8.8.1. Overview
8.8.2. Printing inks Market Forecast and Analysis
8.9. OHERS
8.9.1. Overview
8.9.2. Ohers Market Forecast and Analysis

9. ALIPHATIC SOLVENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aliphatic Solvents Market Overview
9.1.2 North America Aliphatic Solvents Market Forecasts and Analysis
9.1.3 North America Aliphatic Solvents Market Forecasts and Analysis - By Type
9.1.4 North America Aliphatic Solvents Market Forecasts and Analysis - By Application
9.1.5 North America Aliphatic Solvents Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aliphatic Solvents Market
9.1.5.1.1 United States Aliphatic Solvents Market by Type
9.1.5.1.2 United States Aliphatic Solvents Market by Application
9.1.5.2 Canada Aliphatic Solvents Market
9.1.5.2.1 Canada Aliphatic Solvents Market by Type
9.1.5.2.2 Canada Aliphatic Solvents Market by Application
9.1.5.3 Mexico Aliphatic Solvents Market
9.1.5.3.1 Mexico Aliphatic Solvents Market by Type
9.1.5.3.2 Mexico Aliphatic Solvents Market by Application
9.2. EUROPE
9.2.1 Europe Aliphatic Solvents Market Overview
9.2.2 Europe Aliphatic Solvents Market Forecasts and Analysis
9.2.3 Europe Aliphatic Solvents Market Forecasts and Analysis - By Type
9.2.4 Europe Aliphatic Solvents Market Forecasts and Analysis - By Application
9.2.5 Europe Aliphatic Solvents Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aliphatic Solvents Market
9.2.5.1.1 Germany Aliphatic Solvents Market by Type
9.2.5.1.2 Germany Aliphatic Solvents Market by Application
9.2.5.2 France Aliphatic Solvents Market
9.2.5.2.1 France Aliphatic Solvents Market by Type
9.2.5.2.2 France Aliphatic Solvents Market by Application
9.2.5.3 Italy Aliphatic Solvents Market
9.2.5.3.1 Italy Aliphatic Solvents Market by Type
9.2.5.3.2 Italy Aliphatic Solvents Market by Application
9.2.5.4 United Kingdom Aliphatic Solvents Market
9.2.5.4.1 United Kingdom Aliphatic Solvents Market by Type
9.2.5.4.2 United Kingdom Aliphatic Solvents Market by Application
9.2.5.5 Russia Aliphatic Solvents Market
9.2.5.5.1 Russia Aliphatic Solvents Market by Type
9.2.5.5.2 Russia Aliphatic Solvents Market by Application
9.2.5.6 Rest of Europe Aliphatic Solvents Market
9.2.5.6.1 Rest of Europe Aliphatic Solvents Market by Type
9.2.5.6.2 Rest of Europe Aliphatic Solvents Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aliphatic Solvents Market Overview
9.3.2 Asia-Pacific Aliphatic Solvents Market Forecasts and Analysis
9.3.3 Asia-Pacific Aliphatic Solvents Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Aliphatic Solvents Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aliphatic Solvents Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aliphatic Solvents Market
9.3.5.1.1 Australia Aliphatic Solvents Market by Type
9.3.5.1.2 Australia Aliphatic Solvents Market by Application
9.3.5.2 China Aliphatic Solvents Market
9.3.5.2.1 China Aliphatic Solvents Market by Type
9.3.5.2.2 China Aliphatic Solvents Market by Application
9.3.5.3 India Aliphatic Solvents Market
9.3.5.3.1 India Aliphatic Solvents Market by Type
9.3.5.3.2 India Aliphatic Solvents Market by Application
9.3.5.4 Japan Aliphatic Solvents Market
9.3.5.4.1 Japan Aliphatic Solvents Market by Type
9.3.5.4.2 Japan Aliphatic Solvents Market by Application
9.3.5.5 South Korea Aliphatic Solvents Market
9.3.5.5.1 South Korea Aliphatic Solvents Market by Type
9.3.5.5.2 South Korea Aliphatic Solvents Market by Application
9.3.5.6 Rest of Asia-Pacific Aliphatic Solvents Market
9.3.5.6.1 Rest of Asia-Pacific Aliphatic Solvents Market by Type
9.3.5.6.2 Rest of Asia-Pacific Aliphatic Solvents Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aliphatic Solvents Market Overview
9.4.2 Middle East and Africa Aliphatic Solvents Market Forecasts and Analysis
9.4.3 Middle East and Africa Aliphatic Solvents Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Aliphatic Solvents Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aliphatic Solvents Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aliphatic Solvents Market
9.4.5.1.1 South Africa Aliphatic Solvents Market by Type
9.4.5.1.2 South Africa Aliphatic Solvents Market by Application
9.4.5.2 Saudi Arabia Aliphatic Solvents Market
9.4.5.2.1 Saudi Arabia Aliphatic Solvents Market by Type
9.4.5.2.2 Saudi Arabia Aliphatic Solvents Market by Application
9.4.5.3 U.A.E Aliphatic Solvents Market
9.4.5.3.1 U.A.E Aliphatic Solvents Market by Type
9.4.5.3.2 U.A.E Aliphatic Solvents Market by Application
9.4.5.4 Rest of Middle East and Africa Aliphatic Solvents Market
9.4.5.4.1 Rest of Middle East and Africa Aliphatic Solvents Market by Type
9.4.5.4.2 Rest of Middle East and Africa Aliphatic Solvents Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aliphatic Solvents Market Overview
9.5.2 South and Central America Aliphatic Solvents Market Forecasts and Analysis
9.5.3 South and Central America Aliphatic Solvents Market Forecasts and Analysis - By Type
9.5.4 South and Central America Aliphatic Solvents Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aliphatic Solvents Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aliphatic Solvents Market
9.5.5.1.1 Brazil Aliphatic Solvents Market by Type
9.5.5.1.2 Brazil Aliphatic Solvents Market by Application
9.5.5.2 Argentina Aliphatic Solvents Market
9.5.5.2.1 Argentina Aliphatic Solvents Market by Type
9.5.5.2.2 Argentina Aliphatic Solvents Market by Application
9.5.5.3 Rest of South and Central America Aliphatic Solvents Market
9.5.5.3.1 Rest of South and Central America Aliphatic Solvents Market by Type
9.5.5.3.2 Rest of South and Central America Aliphatic Solvents 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. ALIPHATIC SOLVENTS MARKET, KEY COMPANY PROFILES
11.1. CALUMET SPECIALTY PRODUCTS PARTNERS
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. ENI S.P.A.
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. EROMA PETROCHEMICALS PVT. LTD.
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. EXXON MOBIL CORPORATION
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. GANGA RASAYANIE P. LTD
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. GULF CHEMICAL AND INDUSTRAL OILS
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. HCS GROUP
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. MK AROMATICS LIMITED
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. PON PURE CHEMICALS GROUP
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. SHELL
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

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

1. Calumet Specialty Products Partners
2. Eni S.p.A.
3. EROMA PETROCHEMICALS PVT. LTD.
4. Exxon Mobil Corporation
5. Ganga Rasayanie P. Ltd
6. Gulf Chemical and industral Oils
7. HCS Group
8. MK AROMATICS LIMITED
9. Pon Pure Chemicals Group
10. Shell

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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