Glycolic Acid Market Opportunities 2031
Glycolic acid is a type of alpha -hydroxy acid (AHA). It is derived primarily from sugar crops such as sugar beets, sugar cane, canteloupe, un-ripe grapes, and pineapples. Glycolic acid finds uses as a chemical intermediate in a wide range of reactions including esterification, oxidation-reduction, and long chain polymerization. It is also used as monomer is the synthesis of polyglycolic acid and various other biocompatible copolymers. Glycolic acid is used in the formulation of emulsion polymers, solvents and additives used in inks and paints. Glycolic acid improves the flow properties and impart gloss to inks, paints, and coatings.
MARKET DYNAMICS
The global glycolic acid market is growing at a significant pace owing to driving factors such as increasing demand for glycolic acids from a number of end-use industries such as textile, leather, oil and gas, food processing, household, pharmaceutical, cosmetic, inks, paints, and coatings industry. The personal care and dermatology industry is one of the major consumers of glycolic acids. Glycolic acid is used in formulating exfoliation products, skin-peeling products, men's care products, and anti-ageing creams. Growing conciousness about one's appearance and grooming has fostered the growth of personal care and cosmetic products and subsequently spurred the growth of the cosmetic grade glycolic acids. Topical lotions and other cosmetic products containg glycolic acid are known to increase the sensitivity of skin to sunlight and UV rays and may cause sunburn. The Center for Food Safety and Applied Nutrition (CFSAN) has issued a guidelines for the cosmetic industry to label cosmetic products containing glycolic acid with a sunburn alert. The negative effect of glycolic acids in enhancing the sensitivity of the skin to UV light is anticipated to restrain the growth of the cosmetic grade glycolic acid to some extent.
MARKET SCOPE
The "Global Glycolic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glycolic acid market with detailed market segmentation by purity, grade, application, and geography. The global glycolic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glycolic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global glycolic acid market is segmented on the basis of purity, grade, and application. On the basis of purity, the glycolic acid market is segmented into, glycolic acid 99%, glycolic acid 70%, glycolic acid 30%, and others. On the basis of grade, the market is bifurcated into, cosmetic grade and technical grade. Based on application, the global glycolic acid market is segmented into, personal care & dermatology, industrial, household, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glycolic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glycolic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glycolic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glycolic acid market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glycolic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glycolic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glycolic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glycolic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the glycolic 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glycolic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for glycolic acid in the global market. Below mentioned is the list of few companies engaged in the glycolic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glycolic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avid Organics
- CABB Group GmbH
- CrossChem LP
- Hefei TNJ Chemical Industry Co., Ltd.
- Jiaxing Jlight Chemicals Co., Ltd.
- Shandong Xinhua Pharma.
- The Chemours Company
- Velocity Chemicals Ltd.
- Water Chemical Co., Ltd
- Zhonglan Industry Co.,Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glycolic Acid Market - By Purity
1.3.2 Glycolic Acid Market - By Grade
1.3.3 Glycolic Acid Market - By Application
1.3.4 Glycolic Acid Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLYCOLIC ACID 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. GLYCOLIC 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GLYCOLIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. GLYCOLIC ACID - GLOBAL MARKET OVERVIEW
6.2. GLYCOLIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLYCOLIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - PURITY
7.1. OVERVIEW
7.2. PURITY MARKET FORECASTS AND ANALYSIS
7.3. GLYCOLIC ACID 99%
7.3.1. Overview
7.3.2. Glycolic Acid 99% Market Forecast and Analysis
7.4. GLYCOLIC ACID 70%
7.4.1. Overview
7.4.2. Glycolic Acid 70% Market Forecast and Analysis
7.5. GLYCOLIC ACID 30%
7.5.1. Overview
7.5.2. Glycolic Acid 30% Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. GLYCOLIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
8.1. OVERVIEW
8.2. GRADE MARKET FORECASTS AND ANALYSIS
8.3. COSMETIC GRADE
8.3.1. Overview
8.3.2. Cosmetic Grade Market Forecast and Analysis
8.4. TECHNICAL GRADE
8.4.1. Overview
8.4.2. Technical Grade Market Forecast and Analysis
9. GLYCOLIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PERSONAL CARE AND DERMATOLOGY
9.3.1. Overview
9.3.2. Personal Care and Dermatology Market Forecast and Analysis
9.4. INDUSTRIAL
9.4.1. Overview
9.4.2. Industrial Market Forecast and Analysis
9.5. HOUSEHOLD
9.5.1. Overview
9.5.2. Household Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. GLYCOLIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Glycolic Acid Market Overview
10.1.2 North America Glycolic Acid Market Forecasts and Analysis
10.1.3 North America Glycolic Acid Market Forecasts and Analysis - By Purity
10.1.4 North America Glycolic Acid Market Forecasts and Analysis - By Grade
10.1.5 North America Glycolic Acid Market Forecasts and Analysis - By Application
10.1.6 North America Glycolic Acid Market Forecasts and Analysis - By Countries
10.1.6.1 United States Glycolic Acid Market
10.1.6.1.1 United States Glycolic Acid Market by Purity
10.1.6.1.2 United States Glycolic Acid Market by Grade
10.1.6.1.3 United States Glycolic Acid Market by Application
10.1.6.2 Canada Glycolic Acid Market
10.1.6.2.1 Canada Glycolic Acid Market by Purity
10.1.6.2.2 Canada Glycolic Acid Market by Grade
10.1.6.2.3 Canada Glycolic Acid Market by Application
10.1.6.3 Mexico Glycolic Acid Market
10.1.6.3.1 Mexico Glycolic Acid Market by Purity
10.1.6.3.2 Mexico Glycolic Acid Market by Grade
10.1.6.3.3 Mexico Glycolic Acid Market by Application
10.2. EUROPE
10.2.1 Europe Glycolic Acid Market Overview
10.2.2 Europe Glycolic Acid Market Forecasts and Analysis
10.2.3 Europe Glycolic Acid Market Forecasts and Analysis - By Purity
10.2.4 Europe Glycolic Acid Market Forecasts and Analysis - By Grade
10.2.5 Europe Glycolic Acid Market Forecasts and Analysis - By Application
10.2.6 Europe Glycolic Acid Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Glycolic Acid Market
10.2.6.1.1 Germany Glycolic Acid Market by Purity
10.2.6.1.2 Germany Glycolic Acid Market by Grade
10.2.6.1.3 Germany Glycolic Acid Market by Application
10.2.6.2 France Glycolic Acid Market
10.2.6.2.1 France Glycolic Acid Market by Purity
10.2.6.2.2 France Glycolic Acid Market by Grade
10.2.6.2.3 France Glycolic Acid Market by Application
10.2.6.3 Italy Glycolic Acid Market
10.2.6.3.1 Italy Glycolic Acid Market by Purity
10.2.6.3.2 Italy Glycolic Acid Market by Grade
10.2.6.3.3 Italy Glycolic Acid Market by Application
10.2.6.4 United Kingdom Glycolic Acid Market
10.2.6.4.1 United Kingdom Glycolic Acid Market by Purity
10.2.6.4.2 United Kingdom Glycolic Acid Market by Grade
10.2.6.4.3 United Kingdom Glycolic Acid Market by Application
10.2.6.5 Russia Glycolic Acid Market
10.2.6.5.1 Russia Glycolic Acid Market by Purity
10.2.6.5.2 Russia Glycolic Acid Market by Grade
10.2.6.5.3 Russia Glycolic Acid Market by Application
10.2.6.6 Rest of Europe Glycolic Acid Market
10.2.6.6.1 Rest of Europe Glycolic Acid Market by Purity
10.2.6.6.2 Rest of Europe Glycolic Acid Market by Grade
10.2.6.6.3 Rest of Europe Glycolic Acid Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Glycolic Acid Market Overview
10.3.2 Asia-Pacific Glycolic Acid Market Forecasts and Analysis
10.3.3 Asia-Pacific Glycolic Acid Market Forecasts and Analysis - By Purity
10.3.4 Asia-Pacific Glycolic Acid Market Forecasts and Analysis - By Grade
10.3.5 Asia-Pacific Glycolic Acid Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Glycolic Acid Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Glycolic Acid Market
10.3.6.1.1 Australia Glycolic Acid Market by Purity
10.3.6.1.2 Australia Glycolic Acid Market by Grade
10.3.6.1.3 Australia Glycolic Acid Market by Application
10.3.6.2 China Glycolic Acid Market
10.3.6.2.1 China Glycolic Acid Market by Purity
10.3.6.2.2 China Glycolic Acid Market by Grade
10.3.6.2.3 China Glycolic Acid Market by Application
10.3.6.3 India Glycolic Acid Market
10.3.6.3.1 India Glycolic Acid Market by Purity
10.3.6.3.2 India Glycolic Acid Market by Grade
10.3.6.3.3 India Glycolic Acid Market by Application
10.3.6.4 Japan Glycolic Acid Market
10.3.6.4.1 Japan Glycolic Acid Market by Purity
10.3.6.4.2 Japan Glycolic Acid Market by Grade
10.3.6.4.3 Japan Glycolic Acid Market by Application
10.3.6.5 South Korea Glycolic Acid Market
10.3.6.5.1 South Korea Glycolic Acid Market by Purity
10.3.6.5.2 South Korea Glycolic Acid Market by Grade
10.3.6.5.3 South Korea Glycolic Acid Market by Application
10.3.6.6 Rest of Asia-Pacific Glycolic Acid Market
10.3.6.6.1 Rest of Asia-Pacific Glycolic Acid Market by Purity
10.3.6.6.2 Rest of Asia-Pacific Glycolic Acid Market by Grade
10.3.6.6.3 Rest of Asia-Pacific Glycolic Acid Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Glycolic Acid Market Overview
10.4.2 Middle East and Africa Glycolic Acid Market Forecasts and Analysis
10.4.3 Middle East and Africa Glycolic Acid Market Forecasts and Analysis - By Purity
10.4.4 Middle East and Africa Glycolic Acid Market Forecasts and Analysis - By Grade
10.4.5 Middle East and Africa Glycolic Acid Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Glycolic Acid Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Glycolic Acid Market
10.4.6.1.1 South Africa Glycolic Acid Market by Purity
10.4.6.1.2 South Africa Glycolic Acid Market by Grade
10.4.6.1.3 South Africa Glycolic Acid Market by Application
10.4.6.2 Saudi Arabia Glycolic Acid Market
10.4.6.2.1 Saudi Arabia Glycolic Acid Market by Purity
10.4.6.2.2 Saudi Arabia Glycolic Acid Market by Grade
10.4.6.2.3 Saudi Arabia Glycolic Acid Market by Application
10.4.6.3 U.A.E Glycolic Acid Market
10.4.6.3.1 U.A.E Glycolic Acid Market by Purity
10.4.6.3.2 U.A.E Glycolic Acid Market by Grade
10.4.6.3.3 U.A.E Glycolic Acid Market by Application
10.4.6.4 Rest of Middle East and Africa Glycolic Acid Market
10.4.6.4.1 Rest of Middle East and Africa Glycolic Acid Market by Purity
10.4.6.4.2 Rest of Middle East and Africa Glycolic Acid Market by Grade
10.4.6.4.3 Rest of Middle East and Africa Glycolic Acid Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Glycolic Acid Market Overview
10.5.2 South and Central America Glycolic Acid Market Forecasts and Analysis
10.5.3 South and Central America Glycolic Acid Market Forecasts and Analysis - By Purity
10.5.4 South and Central America Glycolic Acid Market Forecasts and Analysis - By Grade
10.5.5 South and Central America Glycolic Acid Market Forecasts and Analysis - By Application
10.5.6 South and Central America Glycolic Acid Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Glycolic Acid Market
10.5.6.1.1 Brazil Glycolic Acid Market by Purity
10.5.6.1.2 Brazil Glycolic Acid Market by Grade
10.5.6.1.3 Brazil Glycolic Acid Market by Application
10.5.6.2 Argentina Glycolic Acid Market
10.5.6.2.1 Argentina Glycolic Acid Market by Purity
10.5.6.2.2 Argentina Glycolic Acid Market by Grade
10.5.6.2.3 Argentina Glycolic Acid Market by Application
10.5.6.3 Rest of South and Central America Glycolic Acid Market
10.5.6.3.1 Rest of South and Central America Glycolic Acid Market by Purity
10.5.6.3.2 Rest of South and Central America Glycolic Acid Market by Grade
10.5.6.3.3 Rest of South and Central America Glycolic Acid Market by Application
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. GLYCOLIC ACID MARKET, KEY COMPANY PROFILES
12.1. AVID ORGANICS
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. CABB GROUP GMBH
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. CROSSCHEM LP
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. HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.
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. JIAXING JLIGHT CHEMICALS CO., LTD.
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. SHANDONG XINHUA PHARMA.
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. THE CHEMOURS COMPANY
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. VELOCITY CHEMICALS LTD.
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. WATER CHEMICAL CO., LTD
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. ZHONGLAN INDUSTRY CO.,LTD.
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. Avid Organics
2. CABB Group GmbH
3. CrossChem LP
4. Hefei TNJ Chemical Industry Co., Ltd.
5. Jiaxing Jlight Chemicals Co., Ltd.
6. Shandong Xinhua Pharma.
7. The Chemours Company
8. Velocity Chemicals Ltd.
9. Water Chemical Co., Ltd
10. Zhonglan Industry 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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