Electronic Chemicals and Materials Market Outlook, Share | 2031
Analyst Perspective
The global electronic chemicals and materials market is estimated to register a CAGR of ~5%. The market is growing because there's a high demand for electronic materials and chemical equipment. These materials and chemicals enhance semiconductor performance through etching and cleaning. Additionally, the advancements in electronics are expected to contribute market's growth. The rising popularity of consumer electronics like laptops and smartphones is the demand for lithium-ion batteries, boosting the market for electronic chemicals used in manufacturing electronic chemicals, from integrated circuits and silicon wafers to flat panel displays. The rise of technologies like 5G, the Internet of Things, artificial intelligence, and advanced robotics will require new and specialized electronic chemicals and materials, a significant opportunity for manufacturers. High R&D investment, rapid technological advancements, and stringent regulations are challenging factors that may hamper the growth of the electronic chemicals and materials market.
Market Overview
The electronic industry relies on various specialty chemicals for making electronic components. The growth of semiconductors is a significant driver for the electronic chemical market. The growing popularity of electric vehicles drives the demand for new types of electronic materials that can withstand the high temperatures and voltages of EV batteries. The increasing use of renewable energy sources drives the demand for new electronic materials in solar panels and wind turbines. The electronic materials and chemicals market is rising due to the recent commercialization of nano-based products and increased demand for microelectronics.
Market Drivers
- Increasing demand for semiconductors
Semiconductors, essential for gadgets like smartphones and IoT devices, are in high demand as electronic usage surges, which presents a promising opportunity due to the growing market for these foundational components in modern electronics.
- Technological advancements
The electronics industry is constantly evolving, and new technologies often require new types of electronic chemicals and materials. For instance, the development of 5G technology is driving the demand for new types of printed circuit boards and electronic packaging materials.
Market Segmentation
The global electronic chemicals and materials market is segmented based on type and application. The global market is segmented based on type into silicon wafers, photoresists, thin-film deposition materials, cleaning and surface chemicals, soldering materials, specialty gases, and others. The market is segmented based on application into semiconductor manufacturing, printed circuit board (PCB) assembly, photovoltaics (solar cells), energy storage, and others.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The electronic chemicals and materials market by region is also sub-segmented by respective countries and segments. The electronic chemicals and materials market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the electronic chemicals and materials market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' electronic chemicals and materials market.
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The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The electronic chemicals and materials market by region is also sub-segmented by respective countries and segments. The electronic chemicals and materials market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the electronic chemicals and materials market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' electronic chemicals and materials market.
MARKET PLAYERS
The reports cover vital organic and inorganic growth strategy developments in the electronic chemicals and materials market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The electronic chemicals and materials market players are expected to have lucrative growth opportunities with the increasing demand for semiconductors in the global market.
The report includes key companies' profiles, SWOT analysis, and electronic chemicals and materials market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of electronic chemicals and materials market companies.
- DOW
- BASF
- DuPont
- Henkel AG and Co. KGaA
- Shin-Etsu Chemical Co. Ltd.
- Cabot Corporation
- JSR Corporation
- Wacker Chemie AG
- Sumitomo Chemical Co., Ltd.
- Heraeus Holding GmbH
- 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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electronic Chemicals And Materials Market - By Type
1.3.2 Electronic Chemicals And Materials Market - By Application
1.3.3 Electronic Chemicals And Materials Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ELECTRONIC CHEMICALS AND MATERIALS 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. ELECTRONIC CHEMICALS AND MATERIALS 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. ELECTRONIC CHEMICALS AND MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRONIC CHEMICALS AND MATERIALS - GLOBAL MARKET OVERVIEW
6.2. ELECTRONIC CHEMICALS AND MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRONIC CHEMICALS AND MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CHEMICALS
7.3.1. Overview
7.3.2. Chemicals Market Forecast and Analysis
7.3.3. General Acids & Bases Market
7.3.3.1. Overview
7.3.3.2. General Acids and Bases Market Forecast and Analysis
7.3.4. Wet Chemicals (Acetone Market
7.3.4.1. Overview
7.3.4.2. Wet Chemicals (Acetone Market Forecast and Analysis
7.3.5. Methyl Ethyl Ketone Market
7.3.5.1. Overview
7.3.5.2. Methyl Ethyl Ketone Market Forecast and Analysis
7.3.6. Methanol & Others Market
7.3.6.1. Overview
7.3.6.2. Methanol And Others) Market Forecast and Analysis
7.3.7. Plating Chemicals Market
7.3.7.1. Overview
7.3.7.2. Plating Chemicals Market Forecast and Analysis
7.3.8. Chemical Mechanical Planarization (CMP) Slurries Market
7.3.8.1. Overview
7.3.8.2. Chemical Mechanical Planarization (CMP) Slurries Market Forecast and Analysis
7.4. MATERIALS
7.4.1. Overview
7.4.2. Materials Market Forecast and Analysis
7.4.3. Silicon Wafers Market
7.4.3.1. Overview
7.4.3.2. Silicon Wafers Market Forecast and Analysis
7.4.4. Printed Circuit Board (PCB) Laminates Market
7.4.4.1. Overview
7.4.4.2. Printed Circuit Board (PCB) Laminates Market Forecast and Analysis
7.4.5. Photoresists Market
7.4.5.1. Overview
7.4.5.2. Photoresists Market Forecast and Analysis
7.4.6. Low-K Dielectrics Market
7.4.6.1. Overview
7.4.6.2. Low-K Dielectrics Market Forecast and Analysis
7.4.7. Dopants Market
7.4.7.1. Overview
7.4.7.2. Dopants Market Forecast and Analysis
7.4.8. Auxiliary Materials Market
7.4.8.1. Overview
7.4.8.2. Auxiliary Materials Market Forecast and Analysis
7.4.9. Others Market
7.4.9.1. Overview
7.4.9.2. Others Market Forecast and Analysis
8. ELECTRONIC CHEMICALS AND MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SEMICONDUCTOR AND IC
8.3.1. Overview
8.3.2. Semiconductor and IC Market Forecast and Analysis
8.4. PRINTED CIRCUIT BOARD (PCBS)
8.4.1. Overview
8.4.2. Printed Circuit Board (PCBs) Market Forecast and Analysis
8.5. MEMORY DISKS
8.5.1. Overview
8.5.2. Memory Disks Market Forecast and Analysis
8.6. GENERAL METAL FINISHING (METAL POLISHERS, POST TREATMENT SLURRIES)
8.6.1. Overview
8.6.2. General Metal finishing (Metal Polishers, Post Treatment Slurries) Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. ELECTRONIC CHEMICALS AND MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electronic Chemicals And Materials Market Overview
9.1.2 North America Electronic Chemicals And Materials Market Forecasts and Analysis
9.1.3 North America Electronic Chemicals And Materials Market Forecasts and Analysis - By Type
9.1.4 North America Electronic Chemicals And Materials Market Forecasts and Analysis - By Application
9.1.5 North America Electronic Chemicals And Materials Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electronic Chemicals And Materials Market
9.1.5.1.1 United States Electronic Chemicals And Materials Market by Type
9.1.5.1.2 United States Electronic Chemicals And Materials Market by Application
9.1.5.2 Canada Electronic Chemicals And Materials Market
9.1.5.2.1 Canada Electronic Chemicals And Materials Market by Type
9.1.5.2.2 Canada Electronic Chemicals And Materials Market by Application
9.1.5.3 Mexico Electronic Chemicals And Materials Market
9.1.5.3.1 Mexico Electronic Chemicals And Materials Market by Type
9.1.5.3.2 Mexico Electronic Chemicals And Materials Market by Application
9.2. EUROPE
9.2.1 Europe Electronic Chemicals And Materials Market Overview
9.2.2 Europe Electronic Chemicals And Materials Market Forecasts and Analysis
9.2.3 Europe Electronic Chemicals And Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Electronic Chemicals And Materials Market Forecasts and Analysis - By Application
9.2.5 Europe Electronic Chemicals And Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electronic Chemicals And Materials Market
9.2.5.1.1 Germany Electronic Chemicals And Materials Market by Type
9.2.5.1.2 Germany Electronic Chemicals And Materials Market by Application
9.2.5.2 France Electronic Chemicals And Materials Market
9.2.5.2.1 France Electronic Chemicals And Materials Market by Type
9.2.5.2.2 France Electronic Chemicals And Materials Market by Application
9.2.5.3 Italy Electronic Chemicals And Materials Market
9.2.5.3.1 Italy Electronic Chemicals And Materials Market by Type
9.2.5.3.2 Italy Electronic Chemicals And Materials Market by Application
9.2.5.4 United Kingdom Electronic Chemicals And Materials Market
9.2.5.4.1 United Kingdom Electronic Chemicals And Materials Market by Type
9.2.5.4.2 United Kingdom Electronic Chemicals And Materials Market by Application
9.2.5.5 Russia Electronic Chemicals And Materials Market
9.2.5.5.1 Russia Electronic Chemicals And Materials Market by Type
9.2.5.5.2 Russia Electronic Chemicals And Materials Market by Application
9.2.5.6 Rest of Europe Electronic Chemicals And Materials Market
9.2.5.6.1 Rest of Europe Electronic Chemicals And Materials Market by Type
9.2.5.6.2 Rest of Europe Electronic Chemicals And Materials Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electronic Chemicals And Materials Market Overview
9.3.2 Asia-Pacific Electronic Chemicals And Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Electronic Chemicals And Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Electronic Chemicals And Materials Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electronic Chemicals And Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electronic Chemicals And Materials Market
9.3.5.1.1 Australia Electronic Chemicals And Materials Market by Type
9.3.5.1.2 Australia Electronic Chemicals And Materials Market by Application
9.3.5.2 China Electronic Chemicals And Materials Market
9.3.5.2.1 China Electronic Chemicals And Materials Market by Type
9.3.5.2.2 China Electronic Chemicals And Materials Market by Application
9.3.5.3 India Electronic Chemicals And Materials Market
9.3.5.3.1 India Electronic Chemicals And Materials Market by Type
9.3.5.3.2 India Electronic Chemicals And Materials Market by Application
9.3.5.4 Japan Electronic Chemicals And Materials Market
9.3.5.4.1 Japan Electronic Chemicals And Materials Market by Type
9.3.5.4.2 Japan Electronic Chemicals And Materials Market by Application
9.3.5.5 South Korea Electronic Chemicals And Materials Market
9.3.5.5.1 South Korea Electronic Chemicals And Materials Market by Type
9.3.5.5.2 South Korea Electronic Chemicals And Materials Market by Application
9.3.5.6 Rest of Asia-Pacific Electronic Chemicals And Materials Market
9.3.5.6.1 Rest of Asia-Pacific Electronic Chemicals And Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Electronic Chemicals And Materials Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electronic Chemicals And Materials Market Overview
9.4.2 Middle East and Africa Electronic Chemicals And Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Electronic Chemicals And Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Electronic Chemicals And Materials Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electronic Chemicals And Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electronic Chemicals And Materials Market
9.4.5.1.1 South Africa Electronic Chemicals And Materials Market by Type
9.4.5.1.2 South Africa Electronic Chemicals And Materials Market by Application
9.4.5.2 Saudi Arabia Electronic Chemicals And Materials Market
9.4.5.2.1 Saudi Arabia Electronic Chemicals And Materials Market by Type
9.4.5.2.2 Saudi Arabia Electronic Chemicals And Materials Market by Application
9.4.5.3 U.A.E Electronic Chemicals And Materials Market
9.4.5.3.1 U.A.E Electronic Chemicals And Materials Market by Type
9.4.5.3.2 U.A.E Electronic Chemicals And Materials Market by Application
9.4.5.4 Rest of Middle East and Africa Electronic Chemicals And Materials Market
9.4.5.4.1 Rest of Middle East and Africa Electronic Chemicals And Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Electronic Chemicals And Materials Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electronic Chemicals And Materials Market Overview
9.5.2 South and Central America Electronic Chemicals And Materials Market Forecasts and Analysis
9.5.3 South and Central America Electronic Chemicals And Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Electronic Chemicals And Materials Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electronic Chemicals And Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electronic Chemicals And Materials Market
9.5.5.1.1 Brazil Electronic Chemicals And Materials Market by Type
9.5.5.1.2 Brazil Electronic Chemicals And Materials Market by Application
9.5.5.2 Argentina Electronic Chemicals And Materials Market
9.5.5.2.1 Argentina Electronic Chemicals And Materials Market by Type
9.5.5.2.2 Argentina Electronic Chemicals And Materials Market by Application
9.5.5.3 Rest of South and Central America Electronic Chemicals And Materials Market
9.5.5.3.1 Rest of South and Central America Electronic Chemicals And Materials Market by Type
9.5.5.3.2 Rest of South and Central America Electronic Chemicals And Materials Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRONIC CHEMICALS AND MATERIALS MARKET, KEY COMPANY PROFILES
11.1. AIR PRODUCTS AND CHEMICALS, INC.
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. ALBEMARLE CORPORATION
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. ASHLAND
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. BASF SE
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. BAYER AG
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. HONEYWELL INTERNATIONAL INC.
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. HUNTSMAN INTERNATIONAL LLC
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. KMG CHEMICALS
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. MERCK KGAA
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. THE DOW CHEMICAL COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Air Products and Chemicals, Inc.
2. Albemarle Corporation
3. Ashland
4. BASF SE
5. Bayer AG
6. Honeywell International Inc.
7. Huntsman International LLC
8. KMG Chemicals
9. Merck KGaA
10. The Dow Chemical Company
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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