Cosmetic Ingredients Market Insights and Growth by 2031
Cosmetic Ingredients are chemical ingredients used in the formulation of various cosmetic and personal care products. They may either function as active ingredients or inactive ingredients in different cosmetic formulations. The cosmetic ingredients can either be sourced from natural sources or synthesized in laboratories. Some of the frequently used cosmetic ingredients in the cosmetic industry include moisturizers, surfactants, preservatives, pigments, pearl essence, Diatomaceous Earth, squalene, lanolin, carmine, etc.
MARKET DYNAMICS
Increased consumer spending on beautification products, growing image consciousness, and a rise in purchasing power has been a major factor behind the growth of the cosmetic industry and its allied cosmetic ingredients industry. The rising demand for anti-aging and skincare cosmetic products from the geriatric population has boosted the demand for cosmetic products and cosmetic ingredients. Moreover, the entry of international cosmetic brands in emerging markets in the Middle East, Asia, and Latin America are also expected to create lucrative business opportunities for the cosmetic ingredient industries. The trend of gifting children cosmetic products on special occasions, including birthday parties, Christmas, and other festivities, is likely to increase consumer spending on children's cosmetics products and subsequently give an impetus to the cosmetic ingredients industry. Stringent regulation on testing cosmetic products on animals to test the safety and growing public consensus over unethical treatment of animals are likely to restrict the growth of the cosmetic ingredients to some extent. However, the availability of cruelty-free' cosmetic products is still likely to support the growth of the cosmetic ingredients market in the forecast period.
MARKET SCOPE
The "Global Cosmetic Ingredients 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 cosmetic ingredients market with detailed market segmentation by product type, application, functionality, and geography. The global cosmetic ingredients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cosmetic ingredients market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cosmetic ingredients market is segmented on the basis of product type, application, and functionality. On the basis of product type, the cosmetic ingredients market is segmented into, surfactant, emollient, polymer, oleochemical, botanical extracts, rheology modifier, preservative, emulsifier and stabilizer, and others. On the basis of application, the market is bifurcated into, skin care, hair care, makeup, fragrance, oral care, and others. Based on functionality, the global cosmetic ingredients market is segmented into, cleansing agents and foamers, aroma, moisturising, speciality, and others.
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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 cosmetic ingredients 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 cosmetic ingredients 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 cosmetic ingredients 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 cosmetic ingredients market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cosmetic ingredients 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 cosmetic ingredients 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 cosmetic ingredients 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 cosmetic ingredients market in these regions.
MARKET PLAYERS
The reports cover key developments in the cosmetic ingredients 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 payers from cosmetic ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for cosmetic ingredients in the global market. Below mentioned is the list of few companies engaged in the cosmetic ingredients market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cosmetic ingredients 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.
- Ashland Inc
- BASF SE
- Clariant AG
- Croda International PLC
- Evonik Industries AG
- Lonza Group AG
- Sederma Inc
- Sumitomo Group
- The Dow Chemical Company
- Wacker Chemie AG
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 Cosmetic Ingredients Market - By Product Type
1.3.2 Cosmetic Ingredients Market - By Application
1.3.3 Cosmetic Ingredients Market - By Functionality
1.3.4 Cosmetic Ingredients Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COSMETIC INGREDIENTS 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. COSMETIC INGREDIENTS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COSMETIC INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. COSMETIC INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. COSMETIC INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COSMETIC INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SURFACTANT
7.3.1. Overview
7.3.2. Surfactant Market Forecast and Analysis
7.4. EMOLLIENT
7.4.1. Overview
7.4.2. Emollient Market Forecast and Analysis
7.5. POLYMER
7.5.1. Overview
7.5.2. Polymer Market Forecast and Analysis
7.6. OLEOCHEMICAL
7.6.1. Overview
7.6.2. Oleochemical Market Forecast and Analysis
7.7. BOTANICAL EXTRACTS
7.7.1. Overview
7.7.2. Botanical Extracts Market Forecast and Analysis
7.8. RHEOLOGY MODIFIER
7.8.1. Overview
7.8.2. Rheology Modifier Market Forecast and Analysis
7.9. PRESERVATIVE
7.9.1. Overview
7.9.2. Preservative Market Forecast and Analysis
7.10. EMULSIFIER AND STABILIZER
7.10.1. Overview
7.10.2. Emulsifier and Stabilizer Market Forecast and Analysis
7.11. OTHERS
7.11.1. Overview
7.11.2. Others Market Forecast and Analysis
8. COSMETIC INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SKIN CARE
8.3.1. Overview
8.3.2. Skin Care Market Forecast and Analysis
8.4. HAIR CARE
8.4.1. Overview
8.4.2. Hair Care Market Forecast and Analysis
8.5. MAKEUP
8.5.1. Overview
8.5.2. Makeup Market Forecast and Analysis
8.6. FRAGRANCE
8.6.1. Overview
8.6.2. Fragrance Market Forecast and Analysis
8.7. ORAL CARE
8.7.1. Overview
8.7.2. Oral Care Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. COSMETIC INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTIONALITY
9.1. OVERVIEW
9.2. FUNCTIONALITY MARKET FORECASTS AND ANALYSIS
9.3. CLEANSING AGENTS AND FOAMERS
9.3.1. Overview
9.3.2. Cleansing Agents and Foamers Market Forecast and Analysis
9.4. AROMA
9.4.1. Overview
9.4.2. Aroma Market Forecast and Analysis
9.5. MOISTURISING
9.5.1. Overview
9.5.2. Moisturising Market Forecast and Analysis
9.6. SPECIALITY
9.6.1. Overview
9.6.2. Speciality Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. COSMETIC INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cosmetic Ingredients Market Overview
10.1.2 North America Cosmetic Ingredients Market Forecasts and Analysis
10.1.3 North America Cosmetic Ingredients Market Forecasts and Analysis - By Product Type
10.1.4 North America Cosmetic Ingredients Market Forecasts and Analysis - By Application
10.1.5 North America Cosmetic Ingredients Market Forecasts and Analysis - By Functionality
10.1.6 North America Cosmetic Ingredients Market Forecasts and Analysis - By Countries
10.1.6.1 United States Cosmetic Ingredients Market
10.1.6.1.1 United States Cosmetic Ingredients Market by Product Type
10.1.6.1.2 United States Cosmetic Ingredients Market by Application
10.1.6.1.3 United States Cosmetic Ingredients Market by Functionality
10.1.6.2 Canada Cosmetic Ingredients Market
10.1.6.2.1 Canada Cosmetic Ingredients Market by Product Type
10.1.6.2.2 Canada Cosmetic Ingredients Market by Application
10.1.6.2.3 Canada Cosmetic Ingredients Market by Functionality
10.1.6.3 Mexico Cosmetic Ingredients Market
10.1.6.3.1 Mexico Cosmetic Ingredients Market by Product Type
10.1.6.3.2 Mexico Cosmetic Ingredients Market by Application
10.1.6.3.3 Mexico Cosmetic Ingredients Market by Functionality
10.2. EUROPE
10.2.1 Europe Cosmetic Ingredients Market Overview
10.2.2 Europe Cosmetic Ingredients Market Forecasts and Analysis
10.2.3 Europe Cosmetic Ingredients Market Forecasts and Analysis - By Product Type
10.2.4 Europe Cosmetic Ingredients Market Forecasts and Analysis - By Application
10.2.5 Europe Cosmetic Ingredients Market Forecasts and Analysis - By Functionality
10.2.6 Europe Cosmetic Ingredients Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Cosmetic Ingredients Market
10.2.6.1.1 Germany Cosmetic Ingredients Market by Product Type
10.2.6.1.2 Germany Cosmetic Ingredients Market by Application
10.2.6.1.3 Germany Cosmetic Ingredients Market by Functionality
10.2.6.2 France Cosmetic Ingredients Market
10.2.6.2.1 France Cosmetic Ingredients Market by Product Type
10.2.6.2.2 France Cosmetic Ingredients Market by Application
10.2.6.2.3 France Cosmetic Ingredients Market by Functionality
10.2.6.3 Italy Cosmetic Ingredients Market
10.2.6.3.1 Italy Cosmetic Ingredients Market by Product Type
10.2.6.3.2 Italy Cosmetic Ingredients Market by Application
10.2.6.3.3 Italy Cosmetic Ingredients Market by Functionality
10.2.6.4 United Kingdom Cosmetic Ingredients Market
10.2.6.4.1 United Kingdom Cosmetic Ingredients Market by Product Type
10.2.6.4.2 United Kingdom Cosmetic Ingredients Market by Application
10.2.6.4.3 United Kingdom Cosmetic Ingredients Market by Functionality
10.2.6.5 Russia Cosmetic Ingredients Market
10.2.6.5.1 Russia Cosmetic Ingredients Market by Product Type
10.2.6.5.2 Russia Cosmetic Ingredients Market by Application
10.2.6.5.3 Russia Cosmetic Ingredients Market by Functionality
10.2.6.6 Rest of Europe Cosmetic Ingredients Market
10.2.6.6.1 Rest of Europe Cosmetic Ingredients Market by Product Type
10.2.6.6.2 Rest of Europe Cosmetic Ingredients Market by Application
10.2.6.6.3 Rest of Europe Cosmetic Ingredients Market by Functionality
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cosmetic Ingredients Market Overview
10.3.2 Asia-Pacific Cosmetic Ingredients Market Forecasts and Analysis
10.3.3 Asia-Pacific Cosmetic Ingredients Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Cosmetic Ingredients Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Cosmetic Ingredients Market Forecasts and Analysis - By Functionality
10.3.6 Asia-Pacific Cosmetic Ingredients Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Cosmetic Ingredients Market
10.3.6.1.1 Australia Cosmetic Ingredients Market by Product Type
10.3.6.1.2 Australia Cosmetic Ingredients Market by Application
10.3.6.1.3 Australia Cosmetic Ingredients Market by Functionality
10.3.6.2 China Cosmetic Ingredients Market
10.3.6.2.1 China Cosmetic Ingredients Market by Product Type
10.3.6.2.2 China Cosmetic Ingredients Market by Application
10.3.6.2.3 China Cosmetic Ingredients Market by Functionality
10.3.6.3 India Cosmetic Ingredients Market
10.3.6.3.1 India Cosmetic Ingredients Market by Product Type
10.3.6.3.2 India Cosmetic Ingredients Market by Application
10.3.6.3.3 India Cosmetic Ingredients Market by Functionality
10.3.6.4 Japan Cosmetic Ingredients Market
10.3.6.4.1 Japan Cosmetic Ingredients Market by Product Type
10.3.6.4.2 Japan Cosmetic Ingredients Market by Application
10.3.6.4.3 Japan Cosmetic Ingredients Market by Functionality
10.3.6.5 South Korea Cosmetic Ingredients Market
10.3.6.5.1 South Korea Cosmetic Ingredients Market by Product Type
10.3.6.5.2 South Korea Cosmetic Ingredients Market by Application
10.3.6.5.3 South Korea Cosmetic Ingredients Market by Functionality
10.3.6.6 Rest of Asia-Pacific Cosmetic Ingredients Market
10.3.6.6.1 Rest of Asia-Pacific Cosmetic Ingredients Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Cosmetic Ingredients Market by Application
10.3.6.6.3 Rest of Asia-Pacific Cosmetic Ingredients Market by Functionality
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cosmetic Ingredients Market Overview
10.4.2 Middle East and Africa Cosmetic Ingredients Market Forecasts and Analysis
10.4.3 Middle East and Africa Cosmetic Ingredients Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Cosmetic Ingredients Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Cosmetic Ingredients Market Forecasts and Analysis - By Functionality
10.4.6 Middle East and Africa Cosmetic Ingredients Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Cosmetic Ingredients Market
10.4.6.1.1 South Africa Cosmetic Ingredients Market by Product Type
10.4.6.1.2 South Africa Cosmetic Ingredients Market by Application
10.4.6.1.3 South Africa Cosmetic Ingredients Market by Functionality
10.4.6.2 Saudi Arabia Cosmetic Ingredients Market
10.4.6.2.1 Saudi Arabia Cosmetic Ingredients Market by Product Type
10.4.6.2.2 Saudi Arabia Cosmetic Ingredients Market by Application
10.4.6.2.3 Saudi Arabia Cosmetic Ingredients Market by Functionality
10.4.6.3 U.A.E Cosmetic Ingredients Market
10.4.6.3.1 U.A.E Cosmetic Ingredients Market by Product Type
10.4.6.3.2 U.A.E Cosmetic Ingredients Market by Application
10.4.6.3.3 U.A.E Cosmetic Ingredients Market by Functionality
10.4.6.4 Rest of Middle East and Africa Cosmetic Ingredients Market
10.4.6.4.1 Rest of Middle East and Africa Cosmetic Ingredients Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Cosmetic Ingredients Market by Application
10.4.6.4.3 Rest of Middle East and Africa Cosmetic Ingredients Market by Functionality
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cosmetic Ingredients Market Overview
10.5.2 South and Central America Cosmetic Ingredients Market Forecasts and Analysis
10.5.3 South and Central America Cosmetic Ingredients Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Cosmetic Ingredients Market Forecasts and Analysis - By Application
10.5.5 South and Central America Cosmetic Ingredients Market Forecasts and Analysis - By Functionality
10.5.6 South and Central America Cosmetic Ingredients Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Cosmetic Ingredients Market
10.5.6.1.1 Brazil Cosmetic Ingredients Market by Product Type
10.5.6.1.2 Brazil Cosmetic Ingredients Market by Application
10.5.6.1.3 Brazil Cosmetic Ingredients Market by Functionality
10.5.6.2 Argentina Cosmetic Ingredients Market
10.5.6.2.1 Argentina Cosmetic Ingredients Market by Product Type
10.5.6.2.2 Argentina Cosmetic Ingredients Market by Application
10.5.6.2.3 Argentina Cosmetic Ingredients Market by Functionality
10.5.6.3 Rest of South and Central America Cosmetic Ingredients Market
10.5.6.3.1 Rest of South and Central America Cosmetic Ingredients Market by Product Type
10.5.6.3.2 Rest of South and Central America Cosmetic Ingredients Market by Application
10.5.6.3.3 Rest of South and Central America Cosmetic Ingredients Market by Functionality
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. COSMETIC INGREDIENTS MARKET, KEY COMPANY PROFILES
12.1. ASHLAND INC
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. BASF SE
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. CLARIANT AG
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. CRODA INTERNATIONAL PLC
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. EVONIK INDUSTRIES AG
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. LONZA GROUP AG
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. SEDERMA INC
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. SUMITOMO GROUP
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. THE DOW CHEMICAL COMPANY
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. WACKER CHEMIE AG
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.Ashland Inc
2.BASF SE
3.Clariant AG
4.Croda International PLC
5.Evonik Industries AG
6.Lonza Group AG
7.Sederma Inc
8.Sumitomo Group
9.The Dow Chemical Company
10.Wacker Chemie AG
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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