Expanded Graphite Market Analysis, Opportunities, Regional and Forecast by 2031

Coverage: Expanded Graphite Market covers analysis By End-user (Building and Construction, Textile, Consumer Electronics, Paper, Others); Application (Fire Retardant, Environmental Protection, Sealing Material, High Energy Battery Material, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022228
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Expanded Graphite Market Size 2021-2031 | Drivers and Trends

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The Expanded Graphite Market is expected to register a CAGR of 7% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

Expanded Graphite Market covers analysis By End-user (Building and Construction, Textile, Consumer Electronics, Paper, Others); Application (Fire Retardant, Environmental Protection, Sealing Material, High Energy Battery Material, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Expanded graphite is a type of intercalated graphite that expands when heated, also known as expandable flake or intumescent flake graphite. Expanded graphite is made by mixing various intercalation reagents, such as acids, with flake graphite and expecting them to pass between the graphite layers when heated.

Purpose of the Report

The report Expanded Graphite 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.

Expanded Graphite Market Segmentation

End-user
  • Building and Construction
  • Textile
  • Consumer Electronics
  • Paper
Application
  • Fire Retardant
  • Environmental Protection
  • Sealing Material
  • High Energy Battery Material

Strategic Insights

Expanded Graphite Market Growth Drivers
  • Rising Demand for Energy Storage Devices: The increasing need for efficient energy storage solutions is driving the demand for expanded graphite. Its high conductivity and thermal stability make it ideal for use in batteries, especially in applications such as lithium-ion and supercapacitors. As energy storage technologies advance, expanded graphite is gaining popularity in the development of high-performance energy storage devices, driving market growth.
  • Growth in the Automotive Sector: The automotive industry is a significant driver for the expanded graphite market, particularly with the growing trend toward electric vehicles (EVs). Expanded graphite is used in EV batteries, thermal management systems, and as a sealing material in engines and exhaust systems. As the demand for electric vehicles and energy-efficient solutions rises, the need for expanded graphite in automotive applications is also increasing.
  • Expansion of the Electronics Industry: The electronics industry’s rapid growth is contributing to the increased demand for expanded graphite. Its excellent thermal conductivity and high surface area make it ideal for use in heat management in electronic devices like smartphones, computers, and power electronics. As consumer electronics become more advanced and compact, the need for efficient heat dissipation is boosting the demand for expanded graphite.
Expanded Graphite Market Future Trends
  • Shift Toward Sustainable Materials: There is a growing trend toward the use of sustainable materials, and expanded graphite fits this trend due to its natural, abundant source and its ability to be recycled. As industries push for eco-friendly solutions, expanded graphite is gaining attention as a sustainable material, particularly in energy storage devices, thermal management systems, and other applications where environmental impact is a key consideration.
  • Technological Advancements in Graphite Processing: Innovations in graphite processing are improving the quality and cost-effectiveness of expanded graphite. Advances in exfoliation and expansion techniques are enhancing the properties of expanded graphite, making it more versatile and efficient for various applications. These technological improvements are driving the expanded graphite market by enabling better performance in energy storage, thermal management, and other critical applications.
  • Increasing Use in Fireproof Materials: The growing use of expanded graphite in fireproof and flame-retardant materials is another key trend. Due to its high thermal stability, expanded graphite is increasingly being used in construction, transportation, and industrial sectors to enhance fire resistance. As fire safety regulations tighten and industries seek better fireproofing materials, expanded graphite is gaining popularity for its fire-retardant properties.
Expanded Graphite Market Opportunities
  • Opportunities in the Battery Industry: The rapid advancements in battery technology, especially in electric vehicles and renewable energy storage, present a significant opportunity for the expanded graphite market. As the demand for efficient and high-capacity batteries grows, expanded graphite is increasingly being incorporated in battery anodes and thermal management materials. Manufacturers can capitalize on this trend by developing specialized graphite products for the growing battery sector.
  • Opportunities in the Aerospace Sector: The aerospace industry presents significant growth opportunities for expanded graphite due to its lightweight, thermal conductivity, and flame-resistant properties. Expanded graphite is used in aerospace components, including seals, gaskets, and thermal insulation. As the demand for advanced materials in the aerospace sector rises, manufacturers have the opportunity to expand their offerings to meet these specific needs.
  • Opportunities in the Renewable Energy Sector: The renewable energy sector, particularly wind and solar energy, offers promising opportunities for expanded graphite. Its use in energy storage systems, like those used in wind and solar power plants, is expected to increase as the demand for renewable energy sources grows. Expanded graphite is used in batteries and other energy storage solutions to improve efficiency and performance, creating new avenues for market growth.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Expanded Graphite 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 Expanded Graphite 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the future trends in the market?

Increasing application in 3D printing is an emerging trend in the market.

Based on geography, which region is expected to record a highest CAGR in the market.

The Asia Pacific market is expected to account for the highest CAGR during the forecast period owing to growing energy storage industry in the region.

What are the key players operating in the expanded graphite market?

SGL Carbon, Graphit Kropfmühl GmbH, James Durrans Group, Yichang Xincheng Graphite Co.,Ltd, GrafTech International Ltd, Nacional de Grafite, Qingdao Jinhui Graphite Co. Ltd, Ningbo Ruiyi Sealing Material Co., Ltd, Yichang Huabang Graphite Co., Ltd, and Asbury Carbons Inc are some of the key players in the market.

Which application segment accounted for the highest share in the expanded graphite market?

The fire retardant application segment accounted for the largest market share in 2023.

What is the expected CAGR of the Expanded Graphite Market ?

The Expanded Graphite Market is estimated to witness a CAGR of 7% from 2023 to 2031

What are the driving factors impacting the expanded graphite market?

Growing demand from the battery industry is a key driver in the market.

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 Expanded Graphite Market - By End-user
1.3.2 Expanded Graphite Market - By Application
1.3.3 Expanded Graphite Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. EXPANDED GRAPHITE 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. EXPANDED GRAPHITE 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. EXPANDED GRAPHITE MARKET - GLOBAL MARKET ANALYSIS
6.1. EXPANDED GRAPHITE - GLOBAL MARKET OVERVIEW
6.2. EXPANDED GRAPHITE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. EXPANDED GRAPHITE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
7.1. OVERVIEW
7.2. END-USER MARKET FORECASTS AND ANALYSIS
7.3. BUILDING AND CONSTRUCTION
7.3.1. Overview
7.3.2. Building and Construction Market Forecast and Analysis
7.4. TEXTILE
7.4.1. Overview
7.4.2. Textile Market Forecast and Analysis
7.5. CONSUMER ELECTRONICS
7.5.1. Overview
7.5.2. Consumer Electronics Market Forecast and Analysis
7.6. PAPER
7.6.1. Overview
7.6.2. Paper Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. EXPANDED GRAPHITE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FIRE RETARDANT
8.3.1. Overview
8.3.2. Fire Retardant Market Forecast and Analysis
8.4. ENVIRONMENTAL PROTECTION
8.4.1. Overview
8.4.2. Environmental Protection Market Forecast and Analysis
8.5. SEALING MATERIAL
8.5.1. Overview
8.5.2. Sealing Material Market Forecast and Analysis
8.6. HIGH ENERGY BATTERY MATERIAL
8.6.1. Overview
8.6.2. High Energy Battery Material Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. EXPANDED GRAPHITE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Expanded Graphite Market Overview
9.1.2 North America Expanded Graphite Market Forecasts and Analysis
9.1.3 North America Expanded Graphite Market Forecasts and Analysis - By End-user
9.1.4 North America Expanded Graphite Market Forecasts and Analysis - By Application
9.1.5 North America Expanded Graphite Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Expanded Graphite Market
9.1.5.1.1 Canada Expanded Graphite Market by End-user
9.1.5.1.2 Canada Expanded Graphite Market by Application
9.1.5.2 Mexico Expanded Graphite Market
9.1.5.2.1 Mexico Expanded Graphite Market by End-user
9.1.5.2.2 Mexico Expanded Graphite Market by Application
9.1.5.3 US Expanded Graphite Market
9.1.5.3.1 US Expanded Graphite Market by End-user
9.1.5.3.2 US Expanded Graphite Market by Application
9.2. EUROPE
9.2.1 Europe Expanded Graphite Market Overview
9.2.2 Europe Expanded Graphite Market Forecasts and Analysis
9.2.3 Europe Expanded Graphite Market Forecasts and Analysis - By End-user
9.2.4 Europe Expanded Graphite Market Forecasts and Analysis - By Application
9.2.5 Europe Expanded Graphite Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Expanded Graphite Market
9.2.5.1.1 Germany Expanded Graphite Market by End-user
9.2.5.1.2 Germany Expanded Graphite Market by Application
9.2.5.2 France Expanded Graphite Market
9.2.5.2.1 France Expanded Graphite Market by End-user
9.2.5.2.2 France Expanded Graphite Market by Application
9.2.5.3 Italy Expanded Graphite Market
9.2.5.3.1 Italy Expanded Graphite Market by End-user
9.2.5.3.2 Italy Expanded Graphite Market by Application
9.2.5.4 United Kingdom Expanded Graphite Market
9.2.5.4.1 United Kingdom Expanded Graphite Market by End-user
9.2.5.4.2 United Kingdom Expanded Graphite Market by Application
9.2.5.5 Russia Expanded Graphite Market
9.2.5.5.1 Russia Expanded Graphite Market by End-user
9.2.5.5.2 Russia Expanded Graphite Market by Application
9.2.5.6 Rest of Europe Expanded Graphite Market
9.2.5.6.1 Rest of Europe Expanded Graphite Market by End-user
9.2.5.6.2 Rest of Europe Expanded Graphite Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Expanded Graphite Market Overview
9.3.2 Asia-Pacific Expanded Graphite Market Forecasts and Analysis
9.3.3 Asia-Pacific Expanded Graphite Market Forecasts and Analysis - By End-user
9.3.4 Asia-Pacific Expanded Graphite Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Expanded Graphite Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Expanded Graphite Market
9.3.5.1.1 Australia Expanded Graphite Market by End-user
9.3.5.1.2 Australia Expanded Graphite Market by Application
9.3.5.2 China Expanded Graphite Market
9.3.5.2.1 China Expanded Graphite Market by End-user
9.3.5.2.2 China Expanded Graphite Market by Application
9.3.5.3 India Expanded Graphite Market
9.3.5.3.1 India Expanded Graphite Market by End-user
9.3.5.3.2 India Expanded Graphite Market by Application
9.3.5.4 Japan Expanded Graphite Market
9.3.5.4.1 Japan Expanded Graphite Market by End-user
9.3.5.4.2 Japan Expanded Graphite Market by Application
9.3.5.5 South Korea Expanded Graphite Market
9.3.5.5.1 South Korea Expanded Graphite Market by End-user
9.3.5.5.2 South Korea Expanded Graphite Market by Application
9.3.5.6 Rest of Asia-Pacific Expanded Graphite Market
9.3.5.6.1 Rest of Asia-Pacific Expanded Graphite Market by End-user
9.3.5.6.2 Rest of Asia-Pacific Expanded Graphite Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Expanded Graphite Market Overview
9.4.2 Middle East and Africa Expanded Graphite Market Forecasts and Analysis
9.4.3 Middle East and Africa Expanded Graphite Market Forecasts and Analysis - By End-user
9.4.4 Middle East and Africa Expanded Graphite Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Expanded Graphite Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Expanded Graphite Market
9.4.5.1.1 South Africa Expanded Graphite Market by End-user
9.4.5.1.2 South Africa Expanded Graphite Market by Application
9.4.5.2 Saudi Arabia Expanded Graphite Market
9.4.5.2.1 Saudi Arabia Expanded Graphite Market by End-user
9.4.5.2.2 Saudi Arabia Expanded Graphite Market by Application
9.4.5.3 U.A.E Expanded Graphite Market
9.4.5.3.1 U.A.E Expanded Graphite Market by End-user
9.4.5.3.2 U.A.E Expanded Graphite Market by Application
9.4.5.4 Rest of Middle East and Africa Expanded Graphite Market
9.4.5.4.1 Rest of Middle East and Africa Expanded Graphite Market by End-user
9.4.5.4.2 Rest of Middle East and Africa Expanded Graphite Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Expanded Graphite Market Overview
9.5.2 South and Central America Expanded Graphite Market Forecasts and Analysis
9.5.3 South and Central America Expanded Graphite Market Forecasts and Analysis - By End-user
9.5.4 South and Central America Expanded Graphite Market Forecasts and Analysis - By Application
9.5.5 South and Central America Expanded Graphite Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Expanded Graphite Market
9.5.5.1.1 Brazil Expanded Graphite Market by End-user
9.5.5.1.2 Brazil Expanded Graphite Market by Application
9.5.5.2 Argentina Expanded Graphite Market
9.5.5.2.1 Argentina Expanded Graphite Market by End-user
9.5.5.2.2 Argentina Expanded Graphite Market by Application
9.5.5.3 Rest of South and Central America Expanded Graphite Market
9.5.5.3.1 Rest of South and Central America Expanded Graphite Market by End-user
9.5.5.3.2 Rest of South and Central America Expanded Graphite 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. EXPANDED GRAPHITE MARKET, KEY COMPANY PROFILES
11.1. SGL CARBON
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. GRAPHIT KROPFMüHL GMBH
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. JAMES DURRANS GROUP
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. YICHANG XINCHENG GRAPHITE CO.,LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GRAFTECH INTERNATIONAL LTD.
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. NACIONAL DE GRAFITE
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. QINGDAO JINHUI GRAPHITE 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. NINGBO RUIYI SEALING MATERIAL CO., LTD.
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. YICHANG HUABANG GRAPHITE 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. ASBURY CARBONS INC.
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. SGL Carbon
2. Graphit Kropfmühl GmbH
3. James Durrans Group
4. Yichang Xincheng Graphite Co.,Ltd.
5. GrafTech International Ltd.
6. Nacional de Grafite
7. Qingdao Jinhui Graphite Co. Ltd.
8. Ningbo Ruiyi Sealing Material Co., Ltd.
9. Yichang Huabang Graphite Co., Ltd.
10. Asbury Carbons Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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