Anhydride Market is basically an organic functional group that has two acyl groups, which is attached to the oxygen atom. The formula of the anhydride is considered as (RC (O)) 2O. Anhydrides are produced by the various process, but anhydride is mainly prepared by the carbonylation of acetate such as maleic anhydride is prepared by the oxidation of benzene or butane. Presently, anhydride available in several types, including acetic anhydride, isobutyric anhydride, maleic anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others.
MARKET DYNAMICS
The anhydrides market has witnessed a significant growth owing to factors such as wider application in pesticides, dye & pigments, plasticizer, additives, flavors, and others for the end-use industries, such as construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and others. There is an increasing demand for anhydride from the APAC region, mainly from countries such as China, India, and Japan. Japan and China are the majority of anhydride consumers. Furthermore, the unhindered spree of improvements in chemical testing and analysis at the research end is a positive sign for market growth. However, regulations on various chemicals may hamper the growth of the anhydrides market. Nevertheless, with the steady growth in organic chemistry and the chemical industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Anhydrides Market Analysis to 2031” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the anhydrides market with detailed market segmentation by composition, type, application, end-use industry, and geography. The global anhydrides market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading anhydrides market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global anhydrides market is segmented on the basis of composition, type, application, and end-use industry. On the basis of composition, the anhydrides market is segmented into organic and inorganic. Based on type, the anhydrides market is segmented into acetic anhydride, maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others. The anhydrides market on the basis of the application is classified into pesticides, plasticizer, dye & pigments, additives, flavors, and others. On the basis of end-use industry, global anhydrides market is bifurcated into construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and others.
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 anhydrides market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The anhydrides 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 anhydrides 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 anhydrides market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global anhydrides market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The anhydrides 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 anhydrides 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 anhydrides market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global anhydrides market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from anhydrides market are anticipated to lucrative growth opportunities in the future with the rising demand for anhydrides in the global market. Below mentioned is the list of few companies engaged in the anhydrides market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the anhydrides 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.
- BASF SE
- Chevron Phillips
- Dow Chemical
- E. I. du Pont de Nemours and Company
- EMS-GRIVORY
- Koninklijke DSM N.V.
- Lanxess Aktiengesellschaft
- LyondellBasell Industries N.V.
- SABIC
- Solvay S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Anhydrides Market - By Composition
1.3.2 Anhydrides Market - By Type
1.3.3 Anhydrides Market - By Application
1.3.4 Anhydrides Market - By End-Use Industry
1.3.5 Anhydrides Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ANHYDRIDES 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. ANHYDRIDES 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. ANHYDRIDES MARKET - GLOBAL MARKET ANALYSIS
6.1. ANHYDRIDES - GLOBAL MARKET OVERVIEW
6.2. ANHYDRIDES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ANHYDRIDES MARKET - REVENUE AND FORECASTS TO 2028 – COMPOSITION
7.1. OVERVIEW
7.2. COMPOSITION MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. INORGANIC
7.4.1. Overview
7.4.2. Inorganic Market Forecast and Analysis
8. ANHYDRIDES MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. ACETIC ANHYDRIDE
8.3.1. Overview
8.3.2. Acetic Anhydride Market Forecast and Analysis
8.4. MALEIC ANHYDRIDE
8.4.1. Overview
8.4.2. Maleic Anhydride Market Forecast and Analysis
8.5. ISOBUTYRIC ANHYDRIDE
8.5.1. Overview
8.5.2. Isobutyric Anhydride Market Forecast and Analysis
8.6. PROPIONIC ANHYDRIDE
8.6.1. Overview
8.6.2. Propionic Anhydride Market Forecast and Analysis
8.7. PHTHALIC ANHYDRIDE
8.7.1. Overview
8.7.2. Phthalic Anhydride Market Forecast and Analysis
8.8. ISATOIC ACID ANHYDRIDE
8.8.1. Overview
8.8.2. Isatoic Acid Anhydride Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. ANHYDRIDES MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PESTICIDES
9.3.1. Overview
9.3.2. Pesticides Market Forecast and Analysis
9.4. PLASTICIZER
9.4.1. Overview
9.4.2. Plasticizer Market Forecast and Analysis
9.5. DYE AND PIGMENTS
9.5.1. Overview
9.5.2. Dye and Pigments Market Forecast and Analysis
9.6. ADDITIVES
9.6.1. Overview
9.6.2. Additives Market Forecast and Analysis
9.7. FLAVORS
9.7.1. Overview
9.7.2. Flavors Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. ANHYDRIDES MARKET - REVENUE AND FORECASTS TO 2028 – END-USE INDUSTRY
10.1. OVERVIEW
10.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. CONSTRUCTION
10.3.1. Overview
10.3.2. Construction Market Forecast and Analysis
10.4. PHARMACEUTICAL
10.4.1. Overview
10.4.2. Pharmaceutical Market Forecast and Analysis
10.5. AUTOMOTIVE
10.5.1. Overview
10.5.2. Automotive Market Forecast and Analysis
10.6. AGROCHEMICALS
10.6.1. Overview
10.6.2. Agrochemicals Market Forecast and Analysis
10.7. TEXTILES
10.7.1. Overview
10.7.2. Textiles Market Forecast and Analysis
10.8. FOOD AND BEVERAGES
10.8.1. Overview
10.8.2. Food and Beverages Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. ANHYDRIDES MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Anhydrides Market Overview
11.1.2 North America Anhydrides Market Forecasts and Analysis
11.1.3 North America Anhydrides Market Forecasts and Analysis - By Composition
11.1.4 North America Anhydrides Market Forecasts and Analysis - By Type
11.1.5 North America Anhydrides Market Forecasts and Analysis - By Application
11.1.6 North America Anhydrides Market Forecasts and Analysis - By End-Use Industry
11.1.7 North America Anhydrides Market Forecasts and Analysis - By Countries
11.1.7.1 United States Anhydrides Market
11.1.7.1.1 United States Anhydrides Market by Composition
11.1.7.1.2 United States Anhydrides Market by Type
11.1.7.1.3 United States Anhydrides Market by Application
11.1.7.1.4 United States Anhydrides Market by End-Use Industry
11.1.7.2 Canada Anhydrides Market
11.1.7.2.1 Canada Anhydrides Market by Composition
11.1.7.2.2 Canada Anhydrides Market by Type
11.1.7.2.3 Canada Anhydrides Market by Application
11.1.7.2.4 Canada Anhydrides Market by End-Use Industry
11.1.7.3 Mexico Anhydrides Market
11.1.7.3.1 Mexico Anhydrides Market by Composition
11.1.7.3.2 Mexico Anhydrides Market by Type
11.1.7.3.3 Mexico Anhydrides Market by Application
11.1.7.3.4 Mexico Anhydrides Market by End-Use Industry
11.2. EUROPE
11.2.1 Europe Anhydrides Market Overview
11.2.2 Europe Anhydrides Market Forecasts and Analysis
11.2.3 Europe Anhydrides Market Forecasts and Analysis - By Composition
11.2.4 Europe Anhydrides Market Forecasts and Analysis - By Type
11.2.5 Europe Anhydrides Market Forecasts and Analysis - By Application
11.2.6 Europe Anhydrides Market Forecasts and Analysis - By End-Use Industry
11.2.7 Europe Anhydrides Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Anhydrides Market
11.2.7.1.1 Germany Anhydrides Market by Composition
11.2.7.1.2 Germany Anhydrides Market by Type
11.2.7.1.3 Germany Anhydrides Market by Application
11.2.7.1.4 Germany Anhydrides Market by End-Use Industry
11.2.7.2 France Anhydrides Market
11.2.7.2.1 France Anhydrides Market by Composition
11.2.7.2.2 France Anhydrides Market by Type
11.2.7.2.3 France Anhydrides Market by Application
11.2.7.2.4 France Anhydrides Market by End-Use Industry
11.2.7.3 Italy Anhydrides Market
11.2.7.3.1 Italy Anhydrides Market by Composition
11.2.7.3.2 Italy Anhydrides Market by Type
11.2.7.3.3 Italy Anhydrides Market by Application
11.2.7.3.4 Italy Anhydrides Market by End-Use Industry
11.2.7.4 United Kingdom Anhydrides Market
11.2.7.4.1 United Kingdom Anhydrides Market by Composition
11.2.7.4.2 United Kingdom Anhydrides Market by Type
11.2.7.4.3 United Kingdom Anhydrides Market by Application
11.2.7.4.4 United Kingdom Anhydrides Market by End-Use Industry
11.2.7.5 Russia Anhydrides Market
11.2.7.5.1 Russia Anhydrides Market by Composition
11.2.7.5.2 Russia Anhydrides Market by Type
11.2.7.5.3 Russia Anhydrides Market by Application
11.2.7.5.4 Russia Anhydrides Market by End-Use Industry
11.2.7.6 Rest of Europe Anhydrides Market
11.2.7.6.1 Rest of Europe Anhydrides Market by Composition
11.2.7.6.2 Rest of Europe Anhydrides Market by Type
11.2.7.6.3 Rest of Europe Anhydrides Market by Application
11.2.7.6.4 Rest of Europe Anhydrides Market by End-Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Anhydrides Market Overview
11.3.2 Asia-Pacific Anhydrides Market Forecasts and Analysis
11.3.3 Asia-Pacific Anhydrides Market Forecasts and Analysis - By Composition
11.3.4 Asia-Pacific Anhydrides Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Anhydrides Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Anhydrides Market Forecasts and Analysis - By End-Use Industry
11.3.7 Asia-Pacific Anhydrides Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Anhydrides Market
11.3.7.1.1 Australia Anhydrides Market by Composition
11.3.7.1.2 Australia Anhydrides Market by Type
11.3.7.1.3 Australia Anhydrides Market by Application
11.3.7.1.4 Australia Anhydrides Market by End-Use Industry
11.3.7.2 China Anhydrides Market
11.3.7.2.1 China Anhydrides Market by Composition
11.3.7.2.2 China Anhydrides Market by Type
11.3.7.2.3 China Anhydrides Market by Application
11.3.7.2.4 China Anhydrides Market by End-Use Industry
11.3.7.3 India Anhydrides Market
11.3.7.3.1 India Anhydrides Market by Composition
11.3.7.3.2 India Anhydrides Market by Type
11.3.7.3.3 India Anhydrides Market by Application
11.3.7.3.4 India Anhydrides Market by End-Use Industry
11.3.7.4 Japan Anhydrides Market
11.3.7.4.1 Japan Anhydrides Market by Composition
11.3.7.4.2 Japan Anhydrides Market by Type
11.3.7.4.3 Japan Anhydrides Market by Application
11.3.7.4.4 Japan Anhydrides Market by End-Use Industry
11.3.7.5 South Korea Anhydrides Market
11.3.7.5.1 South Korea Anhydrides Market by Composition
11.3.7.5.2 South Korea Anhydrides Market by Type
11.3.7.5.3 South Korea Anhydrides Market by Application
11.3.7.5.4 South Korea Anhydrides Market by End-Use Industry
11.3.7.6 Rest of Asia-Pacific Anhydrides Market
11.3.7.6.1 Rest of Asia-Pacific Anhydrides Market by Composition
11.3.7.6.2 Rest of Asia-Pacific Anhydrides Market by Type
11.3.7.6.3 Rest of Asia-Pacific Anhydrides Market by Application
11.3.7.6.4 Rest of Asia-Pacific Anhydrides Market by End-Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Anhydrides Market Overview
11.4.2 Middle East and Africa Anhydrides Market Forecasts and Analysis
11.4.3 Middle East and Africa Anhydrides Market Forecasts and Analysis - By Composition
11.4.4 Middle East and Africa Anhydrides Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Anhydrides Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Anhydrides Market Forecasts and Analysis - By End-Use Industry
11.4.7 Middle East and Africa Anhydrides Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Anhydrides Market
11.4.7.1.1 South Africa Anhydrides Market by Composition
11.4.7.1.2 South Africa Anhydrides Market by Type
11.4.7.1.3 South Africa Anhydrides Market by Application
11.4.7.1.4 South Africa Anhydrides Market by End-Use Industry
11.4.7.2 Saudi Arabia Anhydrides Market
11.4.7.2.1 Saudi Arabia Anhydrides Market by Composition
11.4.7.2.2 Saudi Arabia Anhydrides Market by Type
11.4.7.2.3 Saudi Arabia Anhydrides Market by Application
11.4.7.2.4 Saudi Arabia Anhydrides Market by End-Use Industry
11.4.7.3 U.A.E Anhydrides Market
11.4.7.3.1 U.A.E Anhydrides Market by Composition
11.4.7.3.2 U.A.E Anhydrides Market by Type
11.4.7.3.3 U.A.E Anhydrides Market by Application
11.4.7.3.4 U.A.E Anhydrides Market by End-Use Industry
11.4.7.4 Rest of Middle East and Africa Anhydrides Market
11.4.7.4.1 Rest of Middle East and Africa Anhydrides Market by Composition
11.4.7.4.2 Rest of Middle East and Africa Anhydrides Market by Type
11.4.7.4.3 Rest of Middle East and Africa Anhydrides Market by Application
11.4.7.4.4 Rest of Middle East and Africa Anhydrides Market by End-Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Anhydrides Market Overview
11.5.2 South and Central America Anhydrides Market Forecasts and Analysis
11.5.3 South and Central America Anhydrides Market Forecasts and Analysis - By Composition
11.5.4 South and Central America Anhydrides Market Forecasts and Analysis - By Type
11.5.5 South and Central America Anhydrides Market Forecasts and Analysis - By Application
11.5.6 South and Central America Anhydrides Market Forecasts and Analysis - By End-Use Industry
11.5.7 South and Central America Anhydrides Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Anhydrides Market
11.5.7.1.1 Brazil Anhydrides Market by Composition
11.5.7.1.2 Brazil Anhydrides Market by Type
11.5.7.1.3 Brazil Anhydrides Market by Application
11.5.7.1.4 Brazil Anhydrides Market by End-Use Industry
11.5.7.2 Argentina Anhydrides Market
11.5.7.2.1 Argentina Anhydrides Market by Composition
11.5.7.2.2 Argentina Anhydrides Market by Type
11.5.7.2.3 Argentina Anhydrides Market by Application
11.5.7.2.4 Argentina Anhydrides Market by End-Use Industry
11.5.7.3 Rest of South and Central America Anhydrides Market
11.5.7.3.1 Rest of South and Central America Anhydrides Market by Composition
11.5.7.3.2 Rest of South and Central America Anhydrides Market by Type
11.5.7.3.3 Rest of South and Central America Anhydrides Market by Application
11.5.7.3.4 Rest of South and Central America Anhydrides Market by End-Use Industry
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ANHYDRIDES MARKET, KEY COMPANY PROFILES
13.1. AKZO NOBEL N.V
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BASF SE
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CELANESE CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. E. I. DU PONT DE NEMOURS AND COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EASTMAN CHEMICAL COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HAISHUN CHEMICAL CO. LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. HUNTSMAN INTERNATIONAL LLC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. LANXESS
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SABIC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SOLVAY S.A.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Akzo Nobel N.V
2. BASF SE
3. Celanese Corporation
4. E. I. Du Pont De Nemours And Company
5. Eastman Chemical Company
6. HaiShun Chemical Co. Ltd.
7. Huntsman International LLC
8. LANXESS
9. SABIC
10. Solvay S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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