Electronic Grade Hydrofluoric Acid Market Opportunities 2031
A solution of hydrogen fluoride (HF) in water is known as hydrofluoric acid. It's a colourless, highly corrosive solution capable of dissolving a wide range of materials, especially oxides. Hydrofluoric acid of electronic grade is classified as EL, UP, UPS, and UPSS. Many fluorine-containing compounds, such as the antidepressant fluoxetine, use it as a precursor. In the semiconductor industry, electronic grade hydrofluoric acid is commonly used to etch circuits.
MARKET DYNAMICS
Aluminum fluoride, mainly used as a raw material to produce aluminum, is made with hydrofluoric acid. As a result of the growing use of aluminum in various end-use industries such as automotive and packaging, the hydrofluoric acid market will expand. A major trend identified in the global electronic-grade hydrofluoric acid market is the extensive use of the acid in the semiconductor and microelectronics industries on account of the rising demand and adoption of internet of things (IoT)- and artificial intelligence (AI)-enabled devices. Furthermore, the growing demand for semiconductors from automotive companies to produce self-driving cars is creating new revenue streams for the electronic-grade hydrofluoric acid industry.
MARKET SCOPE
The "Global electronic Grade Hydrofluoric Acid Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the electronic grade hydrofluoric acid market with detailed market segmentation by application and type. The global electronic grade hydrofluoric acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electronic grade hydrofluoric acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electronic grade hydrofluoric acid market is segmented application and type. By application, the electronic grade hydrofluoric acid market is classified into integrated circuit, glass product, monitor panel, other. By type, the electronic grade hydrofluoric acid market is classified into UP Grade, UP-S Grade, UP-SS Grade, EL Grade.
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 electronic grade hydrofluoric acidmarket based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The electronic grade hydrofluoric acidmarket 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 electronic grade hydrofluoric acidmarket from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 electronic grade hydrofluoric acidmarket 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 electronic grade hydrofluoric acidmarket based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The electronic grade hydrofluoric acidmarket 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 electronic grade hydrofluoric acidmarket from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 electronic grade hydrofluoric acidmarket in these regions.
MARKET PLAYERS
The report covers vital developments in the electronic grade hydrofluoric 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the electronic grade hydrofluoric acid market are anticipated to lucrative growth opportunities in the future with the rising demand for electronic grade hydrofluoric acid in the global market. Below mentioned is the list of few companies engaged in the electronic grade hydrofluoric acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electronic grade hydrofluoric acidmarket. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Solvay S.A
- Honeywell International Inc.,
- Morita Chemical Industries Co. Ltd.
- Buss ChemTech AG
- Zhejiang Sanmei Chemical Incorporated Company,
- Zhejiang Juhua Hanzheng New Materials Co., Ltd
- Shanghai Changhua New Energy & Technology Co. Ltd.,
- KMG Chemicals Inc.
- Do-Fluoride Chemicals Co., Ltd.
- Suzhou Crystal Clear Chemical Co., Ltd
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current 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 Electronic Grade Hydrofluoric Acid Market - By Applications
1.3.2 Electronic Grade Hydrofluoric Acid Market - By Type
1.3.3 Electronic Grade Hydrofluoric Acid Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRONIC GRADE HYDROFLUORIC ACID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ELECTRONIC GRADE HYDROFLUORIC 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. ELECTRONIC GRADE HYDROFLUORIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRONIC GRADE HYDROFLUORIC ACID - GLOBAL MARKET OVERVIEW
6.2. ELECTRONIC GRADE HYDROFLUORIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRONIC GRADE HYDROFLUORIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
7.1. OVERVIEW
7.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
7.3. INTEGRATED CIRCUIT
7.3.1. Overview
7.3.2. Integrated Circuit Market Forecast and Analysis
7.4. GLASS PRODUCT
7.4.1. Overview
7.4.2. Glass Product Market Forecast and Analysis
7.5. MONITOR PANEL
7.5.1. Overview
7.5.2. Monitor Panel Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ELECTRONIC GRADE HYDROFLUORIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. UP GRADE
8.3.1. Overview
8.3.2. UP Grade Market Forecast and Analysis
8.4. UP-S GRADE
8.4.1. Overview
8.4.2. UP-S Grade Market Forecast and Analysis
8.5. UP-SS GRADE
8.5.1. Overview
8.5.2. UP-SS Grade Market Forecast and Analysis
8.6. EL GRADE
8.6.1. Overview
8.6.2. EL Grade Market Forecast and Analysis
9. ELECTRONIC GRADE HYDROFLUORIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electronic Grade Hydrofluoric Acid Market Overview
9.1.2 North America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis
9.1.3 North America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Applications
9.1.4 North America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Type
9.1.5 North America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Electronic Grade Hydrofluoric Acid Market
9.1.5.1.1 Canada Electronic Grade Hydrofluoric Acid Market by Applications
9.1.5.1.2 Canada Electronic Grade Hydrofluoric Acid Market by Type
9.1.5.2 Mexico Electronic Grade Hydrofluoric Acid Market
9.1.5.2.1 Mexico Electronic Grade Hydrofluoric Acid Market by Applications
9.1.5.2.2 Mexico Electronic Grade Hydrofluoric Acid Market by Type
9.1.5.3 US Electronic Grade Hydrofluoric Acid Market
9.1.5.3.1 US Electronic Grade Hydrofluoric Acid Market by Applications
9.1.5.3.2 US Electronic Grade Hydrofluoric Acid Market by Type
9.2. EUROPE
9.2.1 Europe Electronic Grade Hydrofluoric Acid Market Overview
9.2.2 Europe Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis
9.2.3 Europe Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Applications
9.2.4 Europe Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Type
9.2.5 Europe Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electronic Grade Hydrofluoric Acid Market
9.2.5.1.1 Germany Electronic Grade Hydrofluoric Acid Market by Applications
9.2.5.1.2 Germany Electronic Grade Hydrofluoric Acid Market by Type
9.2.5.2 France Electronic Grade Hydrofluoric Acid Market
9.2.5.2.1 France Electronic Grade Hydrofluoric Acid Market by Applications
9.2.5.2.2 France Electronic Grade Hydrofluoric Acid Market by Type
9.2.5.3 Italy Electronic Grade Hydrofluoric Acid Market
9.2.5.3.1 Italy Electronic Grade Hydrofluoric Acid Market by Applications
9.2.5.3.2 Italy Electronic Grade Hydrofluoric Acid Market by Type
9.2.5.4 United Kingdom Electronic Grade Hydrofluoric Acid Market
9.2.5.4.1 United Kingdom Electronic Grade Hydrofluoric Acid Market by Applications
9.2.5.4.2 United Kingdom Electronic Grade Hydrofluoric Acid Market by Type
9.2.5.5 Russia Electronic Grade Hydrofluoric Acid Market
9.2.5.5.1 Russia Electronic Grade Hydrofluoric Acid Market by Applications
9.2.5.5.2 Russia Electronic Grade Hydrofluoric Acid Market by Type
9.2.5.6 Rest of Europe Electronic Grade Hydrofluoric Acid Market
9.2.5.6.1 Rest of Europe Electronic Grade Hydrofluoric Acid Market by Applications
9.2.5.6.2 Rest of Europe Electronic Grade Hydrofluoric Acid Market by Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electronic Grade Hydrofluoric Acid Market Overview
9.3.2 Asia-Pacific Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis
9.3.3 Asia-Pacific Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Applications
9.3.4 Asia-Pacific Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Type
9.3.5 Asia-Pacific Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electronic Grade Hydrofluoric Acid Market
9.3.5.1.1 Australia Electronic Grade Hydrofluoric Acid Market by Applications
9.3.5.1.2 Australia Electronic Grade Hydrofluoric Acid Market by Type
9.3.5.2 China Electronic Grade Hydrofluoric Acid Market
9.3.5.2.1 China Electronic Grade Hydrofluoric Acid Market by Applications
9.3.5.2.2 China Electronic Grade Hydrofluoric Acid Market by Type
9.3.5.3 India Electronic Grade Hydrofluoric Acid Market
9.3.5.3.1 India Electronic Grade Hydrofluoric Acid Market by Applications
9.3.5.3.2 India Electronic Grade Hydrofluoric Acid Market by Type
9.3.5.4 Japan Electronic Grade Hydrofluoric Acid Market
9.3.5.4.1 Japan Electronic Grade Hydrofluoric Acid Market by Applications
9.3.5.4.2 Japan Electronic Grade Hydrofluoric Acid Market by Type
9.3.5.5 South Korea Electronic Grade Hydrofluoric Acid Market
9.3.5.5.1 South Korea Electronic Grade Hydrofluoric Acid Market by Applications
9.3.5.5.2 South Korea Electronic Grade Hydrofluoric Acid Market by Type
9.3.5.6 Rest of Asia-Pacific Electronic Grade Hydrofluoric Acid Market
9.3.5.6.1 Rest of Asia-Pacific Electronic Grade Hydrofluoric Acid Market by Applications
9.3.5.6.2 Rest of Asia-Pacific Electronic Grade Hydrofluoric Acid Market by Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electronic Grade Hydrofluoric Acid Market Overview
9.4.2 Middle East and Africa Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis
9.4.3 Middle East and Africa Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Applications
9.4.4 Middle East and Africa Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Type
9.4.5 Middle East and Africa Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electronic Grade Hydrofluoric Acid Market
9.4.5.1.1 South Africa Electronic Grade Hydrofluoric Acid Market by Applications
9.4.5.1.2 South Africa Electronic Grade Hydrofluoric Acid Market by Type
9.4.5.2 Saudi Arabia Electronic Grade Hydrofluoric Acid Market
9.4.5.2.1 Saudi Arabia Electronic Grade Hydrofluoric Acid Market by Applications
9.4.5.2.2 Saudi Arabia Electronic Grade Hydrofluoric Acid Market by Type
9.4.5.3 U.A.E Electronic Grade Hydrofluoric Acid Market
9.4.5.3.1 U.A.E Electronic Grade Hydrofluoric Acid Market by Applications
9.4.5.3.2 U.A.E Electronic Grade Hydrofluoric Acid Market by Type
9.4.5.4 Rest of Middle East and Africa Electronic Grade Hydrofluoric Acid Market
9.4.5.4.1 Rest of Middle East and Africa Electronic Grade Hydrofluoric Acid Market by Applications
9.4.5.4.2 Rest of Middle East and Africa Electronic Grade Hydrofluoric Acid Market by Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electronic Grade Hydrofluoric Acid Market Overview
9.5.2 South and Central America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis
9.5.3 South and Central America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Applications
9.5.4 South and Central America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Type
9.5.5 South and Central America Electronic Grade Hydrofluoric Acid Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electronic Grade Hydrofluoric Acid Market
9.5.5.1.1 Brazil Electronic Grade Hydrofluoric Acid Market by Applications
9.5.5.1.2 Brazil Electronic Grade Hydrofluoric Acid Market by Type
9.5.5.2 Argentina Electronic Grade Hydrofluoric Acid Market
9.5.5.2.1 Argentina Electronic Grade Hydrofluoric Acid Market by Applications
9.5.5.2.2 Argentina Electronic Grade Hydrofluoric Acid Market by Type
9.5.5.3 Rest of South and Central America Electronic Grade Hydrofluoric Acid Market
9.5.5.3.1 Rest of South and Central America Electronic Grade Hydrofluoric Acid Market by Applications
9.5.5.3.2 Rest of South and Central America Electronic Grade Hydrofluoric Acid Market by Type
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 GRADE HYDROFLUORIC ACID MARKET, KEY COMPANY PROFILES
11.1. SOLVAY S.A
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. HONEYWELL INTERNATIONAL INC.,
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. MORITA CHEMICAL INDUSTRIES 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. BUSS CHEMTECH AG
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. ZHEJIANG SANMEI CHEMICAL INCORPORATED COMPANY
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. ZHEJIANG JUHUA HANZHENG NEW MATERIALS CO., LTD
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. SHANGHAI CHANGHUA NEW ENERGY AND TECHNOLOGY CO. LTD.
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 INC.
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. DO-FLUORIDE CHEMICALS CO., LTD.
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. SUZHOU CRYSTAL CLEAR CHEMICAL CO., LTD
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. Solvay S.A
2. Honeywell International Inc.,
3. Morita Chemical Industries Co. Ltd.
4. Buss ChemTech AG
5. Zhejiang Sanmei Chemical Incorporated Company
6. Zhejiang Juhua Hanzheng New Materials Co., Ltd
7. Shanghai Changhua New Energy and Technology Co. Ltd.
8. KMG Chemicals Inc.
9. Do-Fluoride Chemicals Co., Ltd.
10. Suzhou Crystal Clear Chemical Co., Ltd
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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