The Engine Oil Additive 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.
Engine Oil Additive Market covers analysis by Type (Anti-oxidants, Detergents, Pour point Depressants, Anti-wear additives, Viscosity modifiers, Antifoam agents, Friction modifiers, Metal Deactivators, Corrosion inhibitors, Extreme pressure (EP) Additives, Demulsifiers, Emulsifiers, Biocides, Tackifiers, Seal Swell Agent, Oxidation inhibitors, Others); Engine Types (Gasoline, Diesel, Natural Gas, Others); End Use Industry (Automotive, Industrial, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Engine oil additive is mixed with desired engine oil in automobiles and industrial engines to protect the engine from any type of failure and improve the performance of the engine.
Purpose of the ReportThe report Engine Oil Additive 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.
Engine Oil Additive Market Segmentation
Type- Anti-oxidants
- Detergents
- Pour point Depressants
- Anti-wear additives
- Viscosity modifiers
- Antifoam agents
- Friction modifiers
- Metal Deactivators
- Corrosion inhibitors
- Extreme pressure Additives
- Demulsifiers
- Emulsifiers
- Biocides
- Tackifiers
- Seal Swell Agent
- Oxidation inhibitors
- Gasoline
- Diesel
- Natural Gas
Strategic Insights
Engine Oil Additive Market Growth Drivers- Increasing Demand for Engine Oil Additives: One of the key drivers in the engine oil additive market is the increasing global demand for automobiles, especially in emerging markets. Additives ensure that the performance and efficiency of engine oils are maintained at their best levels and ensure optimal protection for the engine, which is required for both passenger vehicles and commercial transportation.
- Impact of Engine Technology on Additives: Continued development in engine technology through innovative designs of high-performance yet fuel-efficient engines increases demands on additive functions as well. Fuel efficiency improves, emissions reduce, and, above all, modern engine operations are protected from wear through various effects of additives in these contexts.
- Emission Norms Driving Additive Innovation: Strict emission norms across the world are forcing the development of sophisticated engine oil additives which can reduce friction in an engine and thus enhance its fuel economy. These are significant in fulfilling the required regulations without impairing performance or durability of the engines.
- Demand for Eco-friendly Engine Oil Additives: With growing concern about the environment, so has the demand for additive-based engine oil that should be eco-friendly and contain fewer emissions. Manufacturers thus look to produce additives from renewable resources-a blend that increases fuel efficiency as well as reduces pollution, which matches regulatory standards for cleaner emissions.
- Rise of Synthetic Engine Oils: The trend toward synthetic oils is on the rise because they provide better protection, performance, and longer life than conventional oils. This trend is driving the advanced development of synthetic engine oil additives that improve properties such as oxidation resistance and thermal stability.
- Smart Vehicle Tech Shaping Additive Market: Connected and Smart Vehicle Technologies Influence the Engine Oil Additive Market. Those innovations allow real-time monitoring conditions in the engine, which demands advanced additives that can optimize performance and durability based on data collected from vehicle sensors.
- Booming Automotive Industry in Emerging Economies: The automotive industry in emerging economies is booming especially in Asia-Pacific and Latin America. With the vehicle production and ownership on an upsurge, this would provide tremendous scope to add engine oil additives for optimizing the efficiency and performance of engines in these regions, thus propelling the market further.
- Electric and Hybrid Vehicles' Impact on Additives: While electric vehicles consume less traditional engine oil, the rise in HEVs creates a new opportunity for engine oil additives. HEVs require specific lubricants for their electric motors, and this creates demand for new types of additives in the growing EV market.
- Growing Demand for Commercial Vehicle Additives: Increasing transportation and logistics are driving the demand for commercial vehicle engine oil additives. To maintain heavy-duty engines used in trucks, buses, and construction equipment, additives that improve engine performance, reduce wear, and increase oil change intervals are critical.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Engine Oil Additive 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 Engine Oil Additive 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Growing focus on eco-friendly additives is an emerging trend in the market.
The gasoline engine type segment accounted for the largest market share in 2023
The North America market is expected to account for the highest CAGR during the forecast period, owing to the growing automotive production in the region.
Increasing vehicle production is a key driver in the market.
Schlumberger Limited, Halliburton, Nalco Champion, BASF SE, Baker Hughes Company, Chevron Phillips Chemical Company, LLC, Akzo Nobel N.V., Clariant AG, Solvay, and Ashland Global Specialty Chemicals Inc are some of the key players in the market.
The Engine Oil Additive 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
1.3.1 Engine Oil Additive Market - By Type
1.3.2 Engine Oil Additive Market - By Engine Types
1.3.3 Engine Oil Additive Market - By End Use Industry
1.3.4 Engine Oil Additive Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENGINE OIL ADDITIVE 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. ENGINE OIL ADDITIVE 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. ENGINE OIL ADDITIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. ENGINE OIL ADDITIVE - GLOBAL MARKET OVERVIEW
6.2. ENGINE OIL ADDITIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENGINE OIL ADDITIVE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANTI-OXIDANTS
7.3.1. Overview
7.3.2. Anti-oxidants Market Forecast and Analysis
7.4. DETERGENTS
7.4.1. Overview
7.4.2. Detergents Market Forecast and Analysis
7.5. POUR POINT DEPRESSANTS
7.5.1. Overview
7.5.2. Pour point Depressants Market Forecast and Analysis
7.6. ANTI-WEAR ADDITIVES
7.6.1. Overview
7.6.2. Anti-wear additives Market Forecast and Analysis
7.7. VISCOSITY MODIFIERS
7.7.1. Overview
7.7.2. Viscosity modifiers Market Forecast and Analysis
7.8. ANTIFOAM AGENTS
7.8.1. Overview
7.8.2. Antifoam agents Market Forecast and Analysis
7.9. FRICTION MODIFIERS
7.9.1. Overview
7.9.2. Friction modifiers Market Forecast and Analysis
7.10. METAL DEACTIVATORS
7.10.1. Overview
7.10.2. Metal Deactivators Market Forecast and Analysis
7.11. CORROSION INHIBITORS
7.11.1. Overview
7.11.2. Corrosion inhibitors Market Forecast and Analysis
7.12. EXTREME PRESSURE (EP) ADDITIVES
7.12.1. Overview
7.12.2. Extreme pressure (EP) Additives Market Forecast and Analysis
7.13. DEMULSIFIERS
7.13.1. Overview
7.13.2. Demulsifiers Market Forecast and Analysis
7.14. EMULSIFIERS
7.14.1. Overview
7.14.2. Emulsifiers Market Forecast and Analysis
7.15. BIOCIDES
7.15.1. Overview
7.15.2. Biocides Market Forecast and Analysis
7.16. TACKIFIERS
7.16.1. Overview
7.16.2. Tackifiers Market Forecast and Analysis
7.17. SEAL SWELL AGENT
7.17.1. Overview
7.17.2. Seal Swell Agent Market Forecast and Analysis
7.18. OXIDATION INHIBITORS
7.18.1. Overview
7.18.2. Oxidation inhibitors Market Forecast and Analysis
7.19. OTHERS
7.19.1. Overview
7.19.2. Others Market Forecast and Analysis
8. ENGINE OIL ADDITIVE MARKET - REVENUE AND FORECASTS TO 2028 - ENGINE TYPES
8.1. OVERVIEW
8.2. ENGINE TYPES MARKET FORECASTS AND ANALYSIS
8.3. GASOLINE
8.3.1. Overview
8.3.2. Gasoline Market Forecast and Analysis
8.4. DIESEL
8.4.1. Overview
8.4.2. Diesel Market Forecast and Analysis
8.5. NATURAL GAS
8.5.1. Overview
8.5.2. Natural Gas Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ENGINE OIL ADDITIVE MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. INDUSTRIAL
9.4.1. Overview
9.4.2. Industrial Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. ENGINE OIL ADDITIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Engine Oil Additive Market Overview
10.1.2 North America Engine Oil Additive Market Forecasts and Analysis
10.1.3 North America Engine Oil Additive Market Forecasts and Analysis - By Type
10.1.4 North America Engine Oil Additive Market Forecasts and Analysis - By Engine Types
10.1.5 North America Engine Oil Additive Market Forecasts and Analysis - By End Use Industry
10.1.6 North America Engine Oil Additive Market Forecasts and Analysis - By Countries
10.1.6.1 United States Engine Oil Additive Market
10.1.6.1.1 United States Engine Oil Additive Market by Type
10.1.6.1.2 United States Engine Oil Additive Market by Engine Types
10.1.6.1.3 United States Engine Oil Additive Market by End Use Industry
10.1.6.2 Canada Engine Oil Additive Market
10.1.6.2.1 Canada Engine Oil Additive Market by Type
10.1.6.2.2 Canada Engine Oil Additive Market by Engine Types
10.1.6.2.3 Canada Engine Oil Additive Market by End Use Industry
10.1.6.3 Mexico Engine Oil Additive Market
10.1.6.3.1 Mexico Engine Oil Additive Market by Type
10.1.6.3.2 Mexico Engine Oil Additive Market by Engine Types
10.1.6.3.3 Mexico Engine Oil Additive Market by End Use Industry
10.2. EUROPE
10.2.1 Europe Engine Oil Additive Market Overview
10.2.2 Europe Engine Oil Additive Market Forecasts and Analysis
10.2.3 Europe Engine Oil Additive Market Forecasts and Analysis - By Type
10.2.4 Europe Engine Oil Additive Market Forecasts and Analysis - By Engine Types
10.2.5 Europe Engine Oil Additive Market Forecasts and Analysis - By End Use Industry
10.2.6 Europe Engine Oil Additive Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Engine Oil Additive Market
10.2.6.1.1 Germany Engine Oil Additive Market by Type
10.2.6.1.2 Germany Engine Oil Additive Market by Engine Types
10.2.6.1.3 Germany Engine Oil Additive Market by End Use Industry
10.2.6.2 France Engine Oil Additive Market
10.2.6.2.1 France Engine Oil Additive Market by Type
10.2.6.2.2 France Engine Oil Additive Market by Engine Types
10.2.6.2.3 France Engine Oil Additive Market by End Use Industry
10.2.6.3 Italy Engine Oil Additive Market
10.2.6.3.1 Italy Engine Oil Additive Market by Type
10.2.6.3.2 Italy Engine Oil Additive Market by Engine Types
10.2.6.3.3 Italy Engine Oil Additive Market by End Use Industry
10.2.6.4 Spain Engine Oil Additive Market
10.2.6.4.1 Spain Engine Oil Additive Market by Type
10.2.6.4.2 Spain Engine Oil Additive Market by Engine Types
10.2.6.4.3 Spain Engine Oil Additive Market by End Use Industry
10.2.6.5 United Kingdom Engine Oil Additive Market
10.2.6.5.1 United Kingdom Engine Oil Additive Market by Type
10.2.6.5.2 United Kingdom Engine Oil Additive Market by Engine Types
10.2.6.5.3 United Kingdom Engine Oil Additive Market by End Use Industry
10.2.6.6 Rest of Europe Engine Oil Additive Market
10.2.6.6.1 Rest of Europe Engine Oil Additive Market by Type
10.2.6.6.2 Rest of Europe Engine Oil Additive Market by Engine Types
10.2.6.6.3 Rest of Europe Engine Oil Additive Market by End Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Engine Oil Additive Market Overview
10.3.2 Asia-Pacific Engine Oil Additive Market Forecasts and Analysis
10.3.3 Asia-Pacific Engine Oil Additive Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Engine Oil Additive Market Forecasts and Analysis - By Engine Types
10.3.5 Asia-Pacific Engine Oil Additive Market Forecasts and Analysis - By End Use Industry
10.3.6 Asia-Pacific Engine Oil Additive Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Engine Oil Additive Market
10.3.6.1.1 Australia Engine Oil Additive Market by Type
10.3.6.1.2 Australia Engine Oil Additive Market by Engine Types
10.3.6.1.3 Australia Engine Oil Additive Market by End Use Industry
10.3.6.2 China Engine Oil Additive Market
10.3.6.2.1 China Engine Oil Additive Market by Type
10.3.6.2.2 China Engine Oil Additive Market by Engine Types
10.3.6.2.3 China Engine Oil Additive Market by End Use Industry
10.3.6.3 India Engine Oil Additive Market
10.3.6.3.1 India Engine Oil Additive Market by Type
10.3.6.3.2 India Engine Oil Additive Market by Engine Types
10.3.6.3.3 India Engine Oil Additive Market by End Use Industry
10.3.6.4 Rest of Asia-Pacific Engine Oil Additive Market
10.3.6.4.1 Rest of Asia-Pacific Engine Oil Additive Market by Type
10.3.6.4.2 Rest of Asia-Pacific Engine Oil Additive Market by Engine Types
10.3.6.4.3 Rest of Asia-Pacific Engine Oil Additive Market by End Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Engine Oil Additive Market Overview
10.4.2 Middle East and Africa Engine Oil Additive Market Forecasts and Analysis
10.4.3 Middle East and Africa Engine Oil Additive Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Engine Oil Additive Market Forecasts and Analysis - By Engine Types
10.4.5 Middle East and Africa Engine Oil Additive Market Forecasts and Analysis - By End Use Industry
10.4.6 Middle East and Africa Engine Oil Additive Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Engine Oil Additive Market
10.4.6.1.1 South Africa Engine Oil Additive Market by Type
10.4.6.1.2 South Africa Engine Oil Additive Market by Engine Types
10.4.6.1.3 South Africa Engine Oil Additive Market by End Use Industry
10.4.6.2 Saudi Arabia Engine Oil Additive Market
10.4.6.2.1 Saudi Arabia Engine Oil Additive Market by Type
10.4.6.2.2 Saudi Arabia Engine Oil Additive Market by Engine Types
10.4.6.2.3 Saudi Arabia Engine Oil Additive Market by End Use Industry
10.4.6.3 U.A.E Engine Oil Additive Market
10.4.6.3.1 U.A.E Engine Oil Additive Market by Type
10.4.6.3.2 U.A.E Engine Oil Additive Market by Engine Types
10.4.6.3.3 U.A.E Engine Oil Additive Market by End Use Industry
10.4.6.4 Rest of Middle East and Africa Engine Oil Additive Market
10.4.6.4.1 Rest of Middle East and Africa Engine Oil Additive Market by Type
10.4.6.4.2 Rest of Middle East and Africa Engine Oil Additive Market by Engine Types
10.4.6.4.3 Rest of Middle East and Africa Engine Oil Additive Market by End Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Engine Oil Additive Market Overview
10.5.2 South and Central America Engine Oil Additive Market Forecasts and Analysis
10.5.3 South and Central America Engine Oil Additive Market Forecasts and Analysis - By Type
10.5.4 South and Central America Engine Oil Additive Market Forecasts and Analysis - By Engine Types
10.5.5 South and Central America Engine Oil Additive Market Forecasts and Analysis - By End Use Industry
10.5.6 South and Central America Engine Oil Additive Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Engine Oil Additive Market
10.5.6.1.1 Brazil Engine Oil Additive Market by Type
10.5.6.1.2 Brazil Engine Oil Additive Market by Engine Types
10.5.6.1.3 Brazil Engine Oil Additive Market by End Use Industry
10.5.6.2 Argentina Engine Oil Additive Market
10.5.6.2.1 Argentina Engine Oil Additive Market by Type
10.5.6.2.2 Argentina Engine Oil Additive Market by Engine Types
10.5.6.2.3 Argentina Engine Oil Additive Market by End Use Industry
10.5.6.3 Rest of South and Central America Engine Oil Additive Market
10.5.6.3.1 Rest of South and Central America Engine Oil Additive Market by Type
10.5.6.3.2 Rest of South and Central America Engine Oil Additive Market by Engine Types
10.5.6.3.3 Rest of South and Central America Engine Oil Additive Market by End Use Industry
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. ENGINE OIL ADDITIVE MARKET, KEY COMPANY PROFILES
12.1. BASF SE
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. CRODA INTERNATION PLC
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. INFINEUM INTERNATIONAL LTD
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. THE LUBRIZOL CORPORATION
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. VANDERBIT CHEMICALS LLC
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. CHEVRON ORONITE
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. EVONIK INDUSTRIES
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. LANXESS
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. LUBRIZOL CORPORATION
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. AFTON CHEMICAL
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. BASF SE
2. Croda Internation Plc
3. Infineum International Ltd
4. The Lubrizol Corporation
5. Vanderbit Chemicals LLC
6. Chevron Oronite
7. Evonik Industries
8. Lanxess
9. Lubrizol Corporation
10. Afton Chemical
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
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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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