The C2 Chlorinated Solvents Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by type (perchloroethylene, trichloroethylene and 1,1,1-trichloroethane). The report further presents analysis based on application (aerospace, refrigeration and air conditioning, dry cleaning, metal degreasing, textile treatment, automoive aerosols and 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 ReportThe report C2 Chlorinated 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.
C2 Chlorinated Solvents Market Segmentation
Type- Perchloroethylene
- Trichloroethylene and 1
- 1
- 1-Trichloroethane
- Aerospace
- Refrigeration and Air Conditioning
- Dry Cleaning
- Metal Degreasing
- Textile Treatment
- Automoive Aerosols and Others
Strategic Insights
C2 Chlorinated Solvents Market Growth Drivers- The Role of C2 Chlorinated Solvents in Automotive Manufacturing: The automotive sector has contributed significantly in the consumption of C2 chlorinated solvents, especially in degreasing and cleaning. With the rise in demand for automotive parts components, effective cleaning is still significant. C2 chlorinated solvents systems, particularly trichloroethylene are well known for their effectiveness in cleaning metal components. In addition, the current push for electric vehicle technology also means that new processes in manufacturing will be required, which increases the use of solvents in cars manufacturing processes.
- High Demand for Chlorinated Solvents in Aerospace Industry: The aerospace industry is on the high side of growth that is being witnessed today and therefore, there is high consumption of chlorinated solvents for cleaning purposes. Cleanliness in aerospace applications is essential due to the safety and quality standards involved hence the need for effective solvents that can eliminate impurities without causing damage to delicate elements.
- Environmental Regulations and Sustainability Driving Change in the Use of Chlorinated Solvents in Industries: Strict environmental policies and the rise of the importance of sustainability are changing the way in which end-use industries utilize chlorinated solvents. C2 chlorinated solvents are most likely to be regulated or banned because they are toxic to the environment. Such regulations most of the time lead to the development of new and improved formulations that lower heath risks, for instance, volatile emissions without compromising activity, therefore allowing end-use to observe environmental regulations without affecting productivity.
- Rising Demand for Safer Alternatives to Chlorinated Solvents: As public awareness and understanding of the risks posed by conventional chlorinated solvents to health and environment grow, the investment by manufacturers in developing safer alternatives has increased. Improvements in solvent formulations and production technologies contribute to developing products with the same performance but with less impact on the environment.
- The Impact of Automation on Chlorinated Solvent Use: One of the major trends that affects the usage of chlorinated solvents is the integration of automation into manufacturing processes. Advanced machinery and automated systems improve the efficiency of solvent application, minimize waste generation, and increase protection measures in the processes. The main aim of this trend is to enable optimized production while aligning with the increasingly developed sustainability awareness in manufacturing processes.
- Green Chemistry Innovations Shaping the Future of Chlorinated Solvents: The input of green chemistry is shaping the market for C2 chlorinated solvents research and development. Scientists and manufacturers have been on the lookout for new chemical processes containing negligible or no hazardous solvents. Innovations with green chemistry are aimed at developing sustainable solvents which still provide the required performance of applications while reducing related risks to the environment and health.
- Opportunities for Tailored C2 Chlorinated Solvent Formulations: Manufacturers have ample opportunities to create proprietary formulations of C2 chlorinated solvents with respect to their performance, and issues related to safety. With investments in R&D, companies can design products that specifically meet the needs of industries like aerospace, automotive, or electronics, all within the borders of environmental compliance. These new formulations will easily capture market share by appealing to those customers interested in mitigating the negative impacts of business activities on the environment.
- Strategic Partnerships to Accelerate the Development of Advanced Chlorinated Solvents: Partnerships with other research institutions, universities, and industry players can be a strategic manner in which to accelerate development of advanced chlorinated solvents. Through partnerships, key market players can discover new applications and enter potentially expanding markets that foster growth in the sector for C2 chlorinated solvents.
- Industrial Growth in Emerging Economies: Growth in industrialization in the emerging economies is one major growth opportunity in the C2 chlorinated solvents market. With additional development of manufacturing capabilities by countries in Asia, Africa, and Latin America, there will be a demand for effective cleaning and degreasing agents. Companies that position themselves in the right way to capture this demand can be at the forefront of reaping potential from this region and gaining competitive advantage in the global market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the C2 Chlorinated 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 C2 Chlorinated 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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.
Frequently Asked Questions
Strategic partnerships and collaborations is expected to be the key market trends
Based on geography, Asia Pacific held the largest share of the C2 chlorinated solvents market due to growth in automotive and textile industry
Based on application, automotive aerosols segment is expected to witness the fastest growth during the forecast period
Growing demand from automotive sector is driving the market growth
Occidental Petroleum Corporation; Westlake Chemical Corporation; Befar Group Co Ltd; Richard Geiss GmbH; Solventis are some of the key players operating in the C2 chlorinated solvents market
The C2 Chlorinated Solvents Market is estimated to witness a CAGR of 4% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1C2 Chlorinated Solvents Market - By Type
1.3.2C2 Chlorinated Solvents Market - By Application
1.3.3C2 Chlorinated Solvents Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.C2 CHLORINATED SOLVENTS MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.C2 CHLORINATED 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.C2 CHLORINATED SOLVENTS MARKET - GLOBAL MARKET ANALYSIS
6.1.C2 CHLORINATED SOLVENTS - GLOBAL MARKET OVERVIEW
6.2.C2 CHLORINATED SOLVENTS - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.C2 CHLORINATED SOLVENTS MARKET - REVENUE and FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS and ANALYSIS
7.3.PERCHLOROETHYLENE (PCE)
7.3.1.Overview
7.3.2.Perchloroethylene (PCE) Market Forecast and Analysis
7.4.TRICHLOROETHYLENE (TCE)
7.4.1.Overview
7.4.2.Trichloroethylene (TCE) Market Forecast and Analysis
7.5.1
7.5.1.Overview
7.5.2.1 Market Forecast and Analysis
7.6.1
7.6.1.Overview
7.6.2.1 Market Forecast and Analysis
7.7.1-TRICHLOROETHANE (TCA)
7.7.1.Overview
7.7.2.1-Trichloroethane (TCA) Market Forecast and Analysis
8.C2 CHLORINATED SOLVENTS MARKET - REVENUE and FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS and ANALYSIS
8.3.REFRIGERATION and AIR CONDITIONING
8.3.1.Overview
8.3.2.Refrigeration and Air Conditioning Market Forecast and Analysis
8.4.DRY CLEANING
8.4.1.Overview
8.4.2.Dry Cleaning Market Forecast and Analysis
8.5.METAL DEGREASING
8.5.1.Overview
8.5.2.Metal Degreasing Market Forecast and Analysis
8.6.TEXTILE TREATMENT
8.6.1.Overview
8.6.2.Textile Treatment Market Forecast and Analysis
8.7.AUTOMOTIVE AEROSOLS
8.7.1.Overview
8.7.2.Automotive Aerosols Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.C2 CHLORINATED SOLVENTS MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America C2 Chlorinated Solvents Market Overview
9.1.2North America C2 Chlorinated Solvents Market Forecasts and Analysis
9.1.3North America C2 Chlorinated Solvents Market Forecasts and Analysis - By Type
9.1.4North America C2 Chlorinated Solvents Market Forecasts and Analysis - By Application
9.1.5North America C2 Chlorinated Solvents Market Forecasts and Analysis - By Countries
9.1.5.1Canada C2 Chlorinated Solvents Market
9.1.5.1.1Canada C2 Chlorinated Solvents Market by Type
9.1.5.1.2Canada C2 Chlorinated Solvents Market by Application
9.1.5.2Mexico C2 Chlorinated Solvents Market
9.1.5.2.1Mexico C2 Chlorinated Solvents Market by Type
9.1.5.2.2Mexico C2 Chlorinated Solvents Market by Application
9.1.5.3US C2 Chlorinated Solvents Market
9.1.5.3.1US C2 Chlorinated Solvents Market by Type
9.1.5.3.2US C2 Chlorinated Solvents Market by Application
9.2.EUROPE
9.2.1Europe C2 Chlorinated Solvents Market Overview
9.2.2Europe C2 Chlorinated Solvents Market Forecasts and Analysis
9.2.3Europe C2 Chlorinated Solvents Market Forecasts and Analysis - By Type
9.2.4Europe C2 Chlorinated Solvents Market Forecasts and Analysis - By Application
9.2.5Europe C2 Chlorinated Solvents Market Forecasts and Analysis - By Countries
9.2.5.1Germany C2 Chlorinated Solvents Market
9.2.5.1.1Germany C2 Chlorinated Solvents Market by Type
9.2.5.1.2Germany C2 Chlorinated Solvents Market by Application
9.2.5.2France C2 Chlorinated Solvents Market
9.2.5.2.1France C2 Chlorinated Solvents Market by Type
9.2.5.2.2France C2 Chlorinated Solvents Market by Application
9.2.5.3Italy C2 Chlorinated Solvents Market
9.2.5.3.1Italy C2 Chlorinated Solvents Market by Type
9.2.5.3.2Italy C2 Chlorinated Solvents Market by Application
9.2.5.4United Kingdom C2 Chlorinated Solvents Market
9.2.5.4.1United Kingdom C2 Chlorinated Solvents Market by Type
9.2.5.4.2United Kingdom C2 Chlorinated Solvents Market by Application
9.2.5.5Russia C2 Chlorinated Solvents Market
9.2.5.5.1Russia C2 Chlorinated Solvents Market by Type
9.2.5.5.2Russia C2 Chlorinated Solvents Market by Application
9.2.5.6Rest of Europe C2 Chlorinated Solvents Market
9.2.5.6.1Rest of Europe C2 Chlorinated Solvents Market by Type
9.2.5.6.2Rest of Europe C2 Chlorinated Solvents Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific C2 Chlorinated Solvents Market Overview
9.3.2Asia-Pacific C2 Chlorinated Solvents Market Forecasts and Analysis
9.3.3Asia-Pacific C2 Chlorinated Solvents Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific C2 Chlorinated Solvents Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific C2 Chlorinated Solvents Market Forecasts and Analysis - By Countries
9.3.5.1Australia C2 Chlorinated Solvents Market
9.3.5.1.1Australia C2 Chlorinated Solvents Market by Type
9.3.5.1.2Australia C2 Chlorinated Solvents Market by Application
9.3.5.2China C2 Chlorinated Solvents Market
9.3.5.2.1China C2 Chlorinated Solvents Market by Type
9.3.5.2.2China C2 Chlorinated Solvents Market by Application
9.3.5.3India C2 Chlorinated Solvents Market
9.3.5.3.1India C2 Chlorinated Solvents Market by Type
9.3.5.3.2India C2 Chlorinated Solvents Market by Application
9.3.5.4Japan C2 Chlorinated Solvents Market
9.3.5.4.1Japan C2 Chlorinated Solvents Market by Type
9.3.5.4.2Japan C2 Chlorinated Solvents Market by Application
9.3.5.5South Korea C2 Chlorinated Solvents Market
9.3.5.5.1South Korea C2 Chlorinated Solvents Market by Type
9.3.5.5.2South Korea C2 Chlorinated Solvents Market by Application
9.3.5.6Rest of Asia-Pacific C2 Chlorinated Solvents Market
9.3.5.6.1Rest of Asia-Pacific C2 Chlorinated Solvents Market by Type
9.3.5.6.2Rest of Asia-Pacific C2 Chlorinated Solvents Market by Application
9.4.MIDDLE EAST and AFRICA
9.4.1Middle East and Africa C2 Chlorinated Solvents Market Overview
9.4.2Middle East and Africa C2 Chlorinated Solvents Market Forecasts and Analysis
9.4.3Middle East and Africa C2 Chlorinated Solvents Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa C2 Chlorinated Solvents Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa C2 Chlorinated Solvents Market Forecasts and Analysis - By Countries
9.4.5.1South Africa C2 Chlorinated Solvents Market
9.4.5.1.1South Africa C2 Chlorinated Solvents Market by Type
9.4.5.1.2South Africa C2 Chlorinated Solvents Market by Application
9.4.5.2Saudi Arabia C2 Chlorinated Solvents Market
9.4.5.2.1Saudi Arabia C2 Chlorinated Solvents Market by Type
9.4.5.2.2Saudi Arabia C2 Chlorinated Solvents Market by Application
9.4.5.3U.A.E C2 Chlorinated Solvents Market
9.4.5.3.1U.A.E C2 Chlorinated Solvents Market by Type
9.4.5.3.2U.A.E C2 Chlorinated Solvents Market by Application
9.4.5.4Rest of Middle East and Africa C2 Chlorinated Solvents Market
9.4.5.4.1Rest of Middle East and Africa C2 Chlorinated Solvents Market by Type
9.4.5.4.2Rest of Middle East and Africa C2 Chlorinated Solvents Market by Application
9.5.SOUTH and CENTRAL AMERICA
9.5.1South and Central America C2 Chlorinated Solvents Market Overview
9.5.2South and Central America C2 Chlorinated Solvents Market Forecasts and Analysis
9.5.3South and Central America C2 Chlorinated Solvents Market Forecasts and Analysis - By Type
9.5.4South and Central America C2 Chlorinated Solvents Market Forecasts and Analysis - By Application
9.5.5South and Central America C2 Chlorinated Solvents Market Forecasts and Analysis - By Countries
9.5.5.1Brazil C2 Chlorinated Solvents Market
9.5.5.1.1Brazil C2 Chlorinated Solvents Market by Type
9.5.5.1.2Brazil C2 Chlorinated Solvents Market by Application
9.5.5.2Argentina C2 Chlorinated Solvents Market
9.5.5.2.1Argentina C2 Chlorinated Solvents Market by Type
9.5.5.2.2Argentina C2 Chlorinated Solvents Market by Application
9.5.5.3Rest of South and Central America C2 Chlorinated Solvents Market
9.5.5.3.1Rest of South and Central America C2 Chlorinated Solvents Market by Type
9.5.5.3.2Rest of South and Central America C2 Chlorinated Solvents Market by Application
10.INDUSTRY L and SCAPE
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.C2 CHLORINATED SOLVENTS MARKET, KEY COMPANY PROFILES
11.1.ACURO ORGANICS LIMITED
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.BANNER CHEMICALS LIMITED (2M GROUP)
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.BEFAR GROUP CO., 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.DONGYING CITY LONGXING CHEMICAL CO., LTD.
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.HWATSI CHEMICAL PRIVATE LIMITED
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.INNOVA CORPORATE
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.MERCK KGAA
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.RICHARD GEISS GMBH
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.SOLVENTIS
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.SPEX CERTIPREP
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
1. Acuro Organics Limited2. Banner Chemicals Limited (2M Group)3. Befar Group CO. , LTD. 4. Dongying City Longxing Chemical Co. , Ltd. 5. Hwatsi Chemical Private Limited6. Innova Corporate7. Merck KGaA8. Richard Geiss GmbH9. Solventis10. SPEX CertiPrep
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.
Get Free Sample For