Boric Acid Market Developments by 2031
Boric acid is a monobasic and weak form of boron, widely used as a flame retardant, and in pest control and antiseptic applications. It comprises colorless form of white powder or crystals, which dissolves effortlessly in water. The increasing demand for fiberglass and glass in automotive and construction applications has resulted in the growth of the boric acid market in countries such as India and China. In addition, noteworthy demand for boric acid in non-residential and residential applications is driving the market in Europe and North America.
MARKET DYNAMICS
The rising demand for insulation materials boosts the boric acid market with upsurge in demand for commercial and residential applications. Furthermore, rise in construction and building due to increase in macro-economic factors such as, per capita income has prompted the growth of the boric acid market. Moreover, the increasing demand for boric acid in fiberglass insulation has majorly fueled the market growth, and the trend is anticipated to continue in the coming years. The rising demand for boron and borate products in the oil and gas sector as a Ph and viscosity modifier is likely to offer the boric acid market with growth opportunities.
MARKET SCOPE
The "Global Boric Acid 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 boric acid with detailed market segmentation by form, application, end use. The global boric acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading boric acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global boric acid market is segmented on the basis of form into boric acid powder, borax powder, others. On the basis of application the boric acid market is segmented into glass and fiberglass, medical, personal care, flame retardants, wood preservatives, pest control, nutritional supplements, others. Moreover, on the basis of end use the market has been segmented into fiberglass industry, building and construction, ceramics, pharmaceuticals, 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 boric acid 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 boric acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the boric acid 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 boric acid 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 boric acid 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 boric acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the boric acid 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 boric acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the boric acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from boric acid market are anticipated to lucrative growth opportunities in the future with the rising demand for boric acid in the global market. Below mentioned is the list of few companies engaged in the boric acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the boric acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Avantor Performance Materials
- BASF SE
- Borax
- Eti Maden
- Gujarat Boron Derivatives
- Minera Santa Rita (MSR)
- Quiborax
- Russian Bor
- Tomiyama Pure Chemicals Industries
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 Boric Acid Market - By Forms
1.3.2 Boric Acid Market - By Application
1.3.3 Boric Acid Market - By End Use
1.3.4 Boric Acid Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BORIC ACID 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. BORIC ACID MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BORIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. BORIC ACID - GLOBAL MARKET OVERVIEW
6.2. BORIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BORIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - FORMS
7.1. OVERVIEW
7.2. FORMS MARKET FORECASTS AND ANALYSIS
7.3. BORIC ACID POWDER
7.3.1. Overview
7.3.2. Boric Acid Powder Market Forecast and Analysis
7.4. BORAX POWDER
7.4.1. Overview
7.4.2. Borax Powder Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. BORIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GLASS AND FIBERGLASS
8.3.1. Overview
8.3.2. Glass and Fiberglass Market Forecast and Analysis
8.4. MEDICAL
8.4.1. Overview
8.4.2. Medical Market Forecast and Analysis
8.5. PERSONAL CARE
8.5.1. Overview
8.5.2. Personal Care Market Forecast and Analysis
8.6. FLAME RETARDANTS
8.6.1. Overview
8.6.2. Flame Retardants Market Forecast and Analysis
8.7. WOOD PRESERVATIVES
8.7.1. Overview
8.7.2. Wood Preservatives Market Forecast and Analysis
8.8. PEST CONTROL
8.8.1. Overview
8.8.2. Pest Control Market Forecast and Analysis
8.9. NUTRITIONAL SUPPLEMENTS
8.9.1. Overview
8.9.2. Nutritional Supplements Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. BORIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. FIBERGLASS INDUSTRY
9.3.1. Overview
9.3.2. Fiberglass Industry Market Forecast and Analysis
9.4. BUILDING AND CONSTRUCTION
9.4.1. Overview
9.4.2. Building and Construction Market Forecast and Analysis
9.5. CERAMICS
9.5.1. Overview
9.5.2. Ceramics Market Forecast and Analysis
9.6. PHARMACEUTICALS
9.6.1. Overview
9.6.2. Pharmaceuticals Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. BORIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Boric Acid Market Overview
10.1.2 North America Boric Acid Market Forecasts and Analysis
10.1.3 North America Boric Acid Market Forecasts and Analysis - By Forms
10.1.4 North America Boric Acid Market Forecasts and Analysis - By Application
10.1.5 North America Boric Acid Market Forecasts and Analysis - By End Use
10.1.6 North America Boric Acid Market Forecasts and Analysis - By Countries
10.1.6.1 United States Boric Acid Market
10.1.6.1.1 United States Boric Acid Market by Forms
10.1.6.1.2 United States Boric Acid Market by Application
10.1.6.1.3 United States Boric Acid Market by End Use
10.1.6.2 Canada Boric Acid Market
10.1.6.2.1 Canada Boric Acid Market by Forms
10.1.6.2.2 Canada Boric Acid Market by Application
10.1.6.2.3 Canada Boric Acid Market by End Use
10.1.6.3 Mexico Boric Acid Market
10.1.6.3.1 Mexico Boric Acid Market by Forms
10.1.6.3.2 Mexico Boric Acid Market by Application
10.1.6.3.3 Mexico Boric Acid Market by End Use
10.2. EUROPE
10.2.1 Europe Boric Acid Market Overview
10.2.2 Europe Boric Acid Market Forecasts and Analysis
10.2.3 Europe Boric Acid Market Forecasts and Analysis - By Forms
10.2.4 Europe Boric Acid Market Forecasts and Analysis - By Application
10.2.5 Europe Boric Acid Market Forecasts and Analysis - By End Use
10.2.6 Europe Boric Acid Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Boric Acid Market
10.2.6.1.1 Germany Boric Acid Market by Forms
10.2.6.1.2 Germany Boric Acid Market by Application
10.2.6.1.3 Germany Boric Acid Market by End Use
10.2.6.2 France Boric Acid Market
10.2.6.2.1 France Boric Acid Market by Forms
10.2.6.2.2 France Boric Acid Market by Application
10.2.6.2.3 France Boric Acid Market by End Use
10.2.6.3 Italy Boric Acid Market
10.2.6.3.1 Italy Boric Acid Market by Forms
10.2.6.3.2 Italy Boric Acid Market by Application
10.2.6.3.3 Italy Boric Acid Market by End Use
10.2.6.4 United Kingdom Boric Acid Market
10.2.6.4.1 United Kingdom Boric Acid Market by Forms
10.2.6.4.2 United Kingdom Boric Acid Market by Application
10.2.6.4.3 United Kingdom Boric Acid Market by End Use
10.2.6.5 Russia Boric Acid Market
10.2.6.5.1 Russia Boric Acid Market by Forms
10.2.6.5.2 Russia Boric Acid Market by Application
10.2.6.5.3 Russia Boric Acid Market by End Use
10.2.6.6 Rest of Europe Boric Acid Market
10.2.6.6.1 Rest of Europe Boric Acid Market by Forms
10.2.6.6.2 Rest of Europe Boric Acid Market by Application
10.2.6.6.3 Rest of Europe Boric Acid Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Boric Acid Market Overview
10.3.2 Asia-Pacific Boric Acid Market Forecasts and Analysis
10.3.3 Asia-Pacific Boric Acid Market Forecasts and Analysis - By Forms
10.3.4 Asia-Pacific Boric Acid Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Boric Acid Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Boric Acid Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Boric Acid Market
10.3.6.1.1 Australia Boric Acid Market by Forms
10.3.6.1.2 Australia Boric Acid Market by Application
10.3.6.1.3 Australia Boric Acid Market by End Use
10.3.6.2 China Boric Acid Market
10.3.6.2.1 China Boric Acid Market by Forms
10.3.6.2.2 China Boric Acid Market by Application
10.3.6.2.3 China Boric Acid Market by End Use
10.3.6.3 India Boric Acid Market
10.3.6.3.1 India Boric Acid Market by Forms
10.3.6.3.2 India Boric Acid Market by Application
10.3.6.3.3 India Boric Acid Market by End Use
10.3.6.4 Japan Boric Acid Market
10.3.6.4.1 Japan Boric Acid Market by Forms
10.3.6.4.2 Japan Boric Acid Market by Application
10.3.6.4.3 Japan Boric Acid Market by End Use
10.3.6.5 South Korea Boric Acid Market
10.3.6.5.1 South Korea Boric Acid Market by Forms
10.3.6.5.2 South Korea Boric Acid Market by Application
10.3.6.5.3 South Korea Boric Acid Market by End Use
10.3.6.6 Rest of Asia-Pacific Boric Acid Market
10.3.6.6.1 Rest of Asia-Pacific Boric Acid Market by Forms
10.3.6.6.2 Rest of Asia-Pacific Boric Acid Market by Application
10.3.6.6.3 Rest of Asia-Pacific Boric Acid Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Boric Acid Market Overview
10.4.2 Middle East and Africa Boric Acid Market Forecasts and Analysis
10.4.3 Middle East and Africa Boric Acid Market Forecasts and Analysis - By Forms
10.4.4 Middle East and Africa Boric Acid Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Boric Acid Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Boric Acid Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Boric Acid Market
10.4.6.1.1 South Africa Boric Acid Market by Forms
10.4.6.1.2 South Africa Boric Acid Market by Application
10.4.6.1.3 South Africa Boric Acid Market by End Use
10.4.6.2 Saudi Arabia Boric Acid Market
10.4.6.2.1 Saudi Arabia Boric Acid Market by Forms
10.4.6.2.2 Saudi Arabia Boric Acid Market by Application
10.4.6.2.3 Saudi Arabia Boric Acid Market by End Use
10.4.6.3 U.A.E Boric Acid Market
10.4.6.3.1 U.A.E Boric Acid Market by Forms
10.4.6.3.2 U.A.E Boric Acid Market by Application
10.4.6.3.3 U.A.E Boric Acid Market by End Use
10.4.6.4 Rest of Middle East and Africa Boric Acid Market
10.4.6.4.1 Rest of Middle East and Africa Boric Acid Market by Forms
10.4.6.4.2 Rest of Middle East and Africa Boric Acid Market by Application
10.4.6.4.3 Rest of Middle East and Africa Boric Acid Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Boric Acid Market Overview
10.5.2 South and Central America Boric Acid Market Forecasts and Analysis
10.5.3 South and Central America Boric Acid Market Forecasts and Analysis - By Forms
10.5.4 South and Central America Boric Acid Market Forecasts and Analysis - By Application
10.5.5 South and Central America Boric Acid Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Boric Acid Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Boric Acid Market
10.5.6.1.1 Brazil Boric Acid Market by Forms
10.5.6.1.2 Brazil Boric Acid Market by Application
10.5.6.1.3 Brazil Boric Acid Market by End Use
10.5.6.2 Argentina Boric Acid Market
10.5.6.2.1 Argentina Boric Acid Market by Forms
10.5.6.2.2 Argentina Boric Acid Market by Application
10.5.6.2.3 Argentina Boric Acid Market by End Use
10.5.6.3 Rest of South and Central America Boric Acid Market
10.5.6.3.1 Rest of South and Central America Boric Acid Market by Forms
10.5.6.3.2 Rest of South and Central America Boric Acid Market by Application
10.5.6.3.3 Rest of South and Central America Boric Acid 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. BORIC ACID MARKET, KEY COMPANY PROFILES
12.1. 3M
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. AVANTOR PERFORMANCE MATERIALS
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. BASF SE
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. BORAX
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. ETI MADEN
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. GUJARAT BORON DERIVATIVES
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. MINERA SANTA RITA (MSR)
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. QUIBORAX
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. RUSSIAN BOR
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. TOMIYAMA PURE CHEMICALS INDUSTRIES
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
12.5. ETI MADEN
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. GUJARAT BORON DERIVATIVES
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. MINERA SANTA RITA (MSR)
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. QUIBORAX
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. RUSSIAN BOR
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. TOMIYAMA PURE CHEMICALS INDUSTRIES
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
1. 3M
2. Avantor Performance Materials
3. BASF SE
4. Borax
5. Eti Maden
6. Gujarat Boron Derivatives
7. Minera Santa Rita (MSR)
8. Quiborax
9. Russian Bor
10. Tomiyama Pure Chemicals Industries
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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