The Green and Bio-Solvents Market is expected to register a CAGR of 8.1% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by type (alcohols, glycols, diols, lactate esters, D-limonene, and others). The report further presents an analysis based on the application (industrial and domestic cleaners, crop protection, paints and coatings, adhesives and sealants, printing inks, pharmaceuticals, personal care and cosmetics, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Green and Bio-Solvents 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.
Green and Bio-Solvents Market Segmentation
Type- Alcohols
- Glycols
- Diols
- Lactate Esters
- D-Limonene
- Industrial and Domestic Cleaners
- Crop Protection
- Paints and Coatings
- Adhesives and Sealants
- Printing Inks
- Pharmaceuticals
- Personal Care and Cosmetics
Strategic Insights
Green and Bio-Solvents Market Growth Drivers- Government Regulations Driving Market Growth: Government regulations that encourage the application of environmental friendly solvents form a key driver for the growth of the market of green and bio-solvents. More stringent VOC emission standards force companies to move away from traditional solvents and incorporate bio-solvents, allowing easy adherence to regulations while minimizing their negative effects on the environment. This legislative push fuels the consumption of sustainable practices.
- Consumer Consciousness and Brand Loyalty: Increased consumer consciousness regarding environmental issues has resulted in an increased demand for green and eco-friendly products, therefore driving manufacturers to opt for bio-solvents. Since consumers give added importance to brands that enhance social responsibility, companies are encouraged to introduce green solvents in their product portfolio so that brand loyalty will increase and market competencies will also arise in different industries.
- Advances in Bio-Solvent Formulation: Advances in the formulation of renewable resource-based bio-solvents are changing the market. New technologies improve the properties and efficiency of solvents to make them viable alternatives to conventional bio-solvents, thereby expanding their applicability in various industries such as paints, coatings, and cleaning products and increasing the market size for solvents.
- Market Growth Across Multiple Sectors: The market of green and bio-solvents is growing up across different sectors- paints, coatings, adhesives, and cleaners-for safer and non-toxic solutions which serve environmental regulations without losing performance. Industries are now progressing towards a sustainable solution to improve the brand image and compliance.
- Trend Toward Sustainably Sourced Raw Materials: There's a great trend now towards the use of sustainably sourced raw materials for bio-solvents. The manufactured feedstocks, specifically those sourced from agricultural byproducts, are particularly geared more toward that aspect. Such a trend does serve as an enhancement to sustainability but also minimizes the reliance on fossil fuels. Firms are finding innovative ways of sourcing to minimize carbon footprint and maximize environmental benefits.
- Collaborative Research and Development: Collaborative research and development in the green and bio-solvents market is gaining speed. Partnerships among manufacturers, researchers, and regulatory agencies orient towards accelerating the innovation processes of improvement in product performance, as well as applications. These collaborative arrangements help facilitate regulatory challenges and augment the acceptability of sustainable solvent solutions in the markets.
- Growth Opportunities in Developing Markets: Rapid industrialization and rising environmental concerns are primarily offering growth opportunities for biosolvents in developing markets. Thus, it is expected that demand for environmentally friendly alternatives will increase as the regions become developed and open new markets for green solvents in manufacturing and agriculture, which are now starting to demand eco-friendly products for compliance and consumer preference.
- Innovation in Diverse Industries: The flexibility of bio-solvents now allows for researching innovative applications in a series of industries, such as personal care, pharmaceuticals, and agrochemicals. On the one hand, manufacturers can differentiate themselves and expand market share by innovation in formulation to meet specific industry requirements. This opens an opportunity for diversification of product lines, thus doing away with the risk of reduced incomes as well as achieving an improved competitive advantage.
- Advancements in Green Chemistry: The advancement in green chemistry could lead to better bio-solvent production processes through more efficient processes. Advances in synthesis may also lead to higher yields while minimizing waste, making the product cheaper. As processes are designed based on green chemistry, manufacturers can improve sustainability through the quality of products achieved while creating solvent solutions that are of the highest standard but are also environmentally friendly.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Green and Bio-Solvents 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 Green and Bio-Solvents 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
Increasing use of bio-solvents in paints, coatings, and cleaning products due to their safety and environmental benefits is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the green and bio-solvent market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Stepan Co, Astrobio Solvent, Cargill Inc, Circa Group, Merck KGaA, Vertec BioSolvents, Solvay, GFBiochemicals Ltd, Comindex SA, and Corbion
The Green and Bio-Solvents Market is estimated to witness a CAGR of 8.1% from 2023 to 2031
The major factors driving the green and bio-solvent market are:
1. Growing demand for sustainable products drives manufacturers to adopt eco-friendly solvents.
2. Advances in bio-solvent development enhance performance, making them viable alternatives to traditional solvents.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Green And Bio-Solvents Market - By Type
1.3.2 Green And Bio-Solvents Market - By Application
1.3.3 Green And Bio-Solvents Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GREEN AND BIO-SOLVENTS 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. GREEN AND BIO-SOLVENTS 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. GREEN AND BIO-SOLVENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. GREEN AND BIO-SOLVENTS - GLOBAL MARKET OVERVIEW
6.2. GREEN AND BIO-SOLVENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GREEN AND BIO-SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ALCOHOLS
7.3.1. Overview
7.3.2. Alcohols Market Forecast and Analysis
7.4. GLYCOLS
7.4.1. Overview
7.4.2. Glycols Market Forecast and Analysis
7.5. DIOLS
7.5.1. Overview
7.5.2. Diols Market Forecast and Analysis
7.6. LACTATE ESTERS
7.6.1. Overview
7.6.2. Lactate Esters Market Forecast and Analysis
7.7. D-LIMONENE
7.7.1. Overview
7.7.2. D-Limonene Market Forecast and Analysis
7.8. METHYL SOYATE
7.8.1. Overview
7.8.2. Methyl Soyate Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. GREEN AND BIO-SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL AND DOMESTIC CLEANERS
8.3.1. Overview
8.3.2. Industrial and Domestic Cleaners Market Forecast and Analysis
8.4. PAINTS AND COATINGS
8.4.1. Overview
8.4.2. Paints and Coatings Market Forecast and Analysis
8.5. ADHESIVES AND SEALANTS
8.5.1. Overview
8.5.2. Adhesives and Sealants Market Forecast and Analysis
8.6. PRINTING INKS
8.6.1. Overview
8.6.2. Printing Inks Market Forecast and Analysis
8.7. PHARMACEUTICALS
8.7.1. Overview
8.7.2. Pharmaceuticals Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. GREEN AND BIO-SOLVENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Green And Bio-Solvents Market Overview
9.1.2 North America Green And Bio-Solvents Market Forecasts and Analysis
9.1.3 North America Green And Bio-Solvents Market Forecasts and Analysis - By Type
9.1.4 North America Green And Bio-Solvents Market Forecasts and Analysis - By Application
9.1.5 North America Green And Bio-Solvents Market Forecasts and Analysis - By Countries
9.1.5.1 United States Green And Bio-Solvents Market
9.1.5.1.1 United States Green And Bio-Solvents Market by Type
9.1.5.1.2 United States Green And Bio-Solvents Market by Application
9.1.5.2 Canada Green And Bio-Solvents Market
9.1.5.2.1 Canada Green And Bio-Solvents Market by Type
9.1.5.2.2 Canada Green And Bio-Solvents Market by Application
9.1.5.3 Mexico Green And Bio-Solvents Market
9.1.5.3.1 Mexico Green And Bio-Solvents Market by Type
9.1.5.3.2 Mexico Green And Bio-Solvents Market by Application
9.2. EUROPE
9.2.1 Europe Green And Bio-Solvents Market Overview
9.2.2 Europe Green And Bio-Solvents Market Forecasts and Analysis
9.2.3 Europe Green And Bio-Solvents Market Forecasts and Analysis - By Type
9.2.4 Europe Green And Bio-Solvents Market Forecasts and Analysis - By Application
9.2.5 Europe Green And Bio-Solvents Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Green And Bio-Solvents Market
9.2.5.1.1 Germany Green And Bio-Solvents Market by Type
9.2.5.1.2 Germany Green And Bio-Solvents Market by Application
9.2.5.2 France Green And Bio-Solvents Market
9.2.5.2.1 France Green And Bio-Solvents Market by Type
9.2.5.2.2 France Green And Bio-Solvents Market by Application
9.2.5.3 Italy Green And Bio-Solvents Market
9.2.5.3.1 Italy Green And Bio-Solvents Market by Type
9.2.5.3.2 Italy Green And Bio-Solvents Market by Application
9.2.5.4 United Kingdom Green And Bio-Solvents Market
9.2.5.4.1 United Kingdom Green And Bio-Solvents Market by Type
9.2.5.4.2 United Kingdom Green And Bio-Solvents Market by Application
9.2.5.5 Russia Green And Bio-Solvents Market
9.2.5.5.1 Russia Green And Bio-Solvents Market by Type
9.2.5.5.2 Russia Green And Bio-Solvents Market by Application
9.2.5.6 Rest of Europe Green And Bio-Solvents Market
9.2.5.6.1 Rest of Europe Green And Bio-Solvents Market by Type
9.2.5.6.2 Rest of Europe Green And Bio-Solvents Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Green And Bio-Solvents Market Overview
9.3.2 Asia-Pacific Green And Bio-Solvents Market Forecasts and Analysis
9.3.3 Asia-Pacific Green And Bio-Solvents Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Green And Bio-Solvents Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Green And Bio-Solvents Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Green And Bio-Solvents Market
9.3.5.1.1 Australia Green And Bio-Solvents Market by Type
9.3.5.1.2 Australia Green And Bio-Solvents Market by Application
9.3.5.2 China Green And Bio-Solvents Market
9.3.5.2.1 China Green And Bio-Solvents Market by Type
9.3.5.2.2 China Green And Bio-Solvents Market by Application
9.3.5.3 India Green And Bio-Solvents Market
9.3.5.3.1 India Green And Bio-Solvents Market by Type
9.3.5.3.2 India Green And Bio-Solvents Market by Application
9.3.5.4 Japan Green And Bio-Solvents Market
9.3.5.4.1 Japan Green And Bio-Solvents Market by Type
9.3.5.4.2 Japan Green And Bio-Solvents Market by Application
9.3.5.5 South Korea Green And Bio-Solvents Market
9.3.5.5.1 South Korea Green And Bio-Solvents Market by Type
9.3.5.5.2 South Korea Green And Bio-Solvents Market by Application
9.3.5.6 Rest of Asia-Pacific Green And Bio-Solvents Market
9.3.5.6.1 Rest of Asia-Pacific Green And Bio-Solvents Market by Type
9.3.5.6.2 Rest of Asia-Pacific Green And Bio-Solvents Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Green And Bio-Solvents Market Overview
9.4.2 Middle East and Africa Green And Bio-Solvents Market Forecasts and Analysis
9.4.3 Middle East and Africa Green And Bio-Solvents Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Green And Bio-Solvents Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Green And Bio-Solvents Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Green And Bio-Solvents Market
9.4.5.1.1 South Africa Green And Bio-Solvents Market by Type
9.4.5.1.2 South Africa Green And Bio-Solvents Market by Application
9.4.5.2 Saudi Arabia Green And Bio-Solvents Market
9.4.5.2.1 Saudi Arabia Green And Bio-Solvents Market by Type
9.4.5.2.2 Saudi Arabia Green And Bio-Solvents Market by Application
9.4.5.3 U.A.E Green And Bio-Solvents Market
9.4.5.3.1 U.A.E Green And Bio-Solvents Market by Type
9.4.5.3.2 U.A.E Green And Bio-Solvents Market by Application
9.4.5.4 Rest of Middle East and Africa Green And Bio-Solvents Market
9.4.5.4.1 Rest of Middle East and Africa Green And Bio-Solvents Market by Type
9.4.5.4.2 Rest of Middle East and Africa Green And Bio-Solvents Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Green And Bio-Solvents Market Overview
9.5.2 South and Central America Green And Bio-Solvents Market Forecasts and Analysis
9.5.3 South and Central America Green And Bio-Solvents Market Forecasts and Analysis - By Type
9.5.4 South and Central America Green And Bio-Solvents Market Forecasts and Analysis - By Application
9.5.5 South and Central America Green And Bio-Solvents Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Green And Bio-Solvents Market
9.5.5.1.1 Brazil Green And Bio-Solvents Market by Type
9.5.5.1.2 Brazil Green And Bio-Solvents Market by Application
9.5.5.2 Argentina Green And Bio-Solvents Market
9.5.5.2.1 Argentina Green And Bio-Solvents Market by Type
9.5.5.2.2 Argentina Green And Bio-Solvents Market by Application
9.5.5.3 Rest of South and Central America Green And Bio-Solvents Market
9.5.5.3.1 Rest of South and Central America Green And Bio-Solvents Market by Type
9.5.5.3.2 Rest of South and Central America Green And Bio-Solvents 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. GREEN AND BIO-SOLVENTS MARKET, KEY COMPANY PROFILES
11.1. ASTROBIO SOLVENT
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. BIO BRANDS LLC
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. CARGILL, INCORPORATED
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. CIRCA GROUP
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. FLORACHEM CORP.
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. GREENBAY BIOTECH INTERNATIONAL PVT 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. LYONDELLBASELL INDUSTRIES HOLDINGS B.V
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. MERCK KGAA
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. STEPAN COMPANY
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. VERTEC BIOSOLVENTS.
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. Astrobio Solvent
2. Bio Brands LLC
3. Cargill, Incorporated
4. Circa Group
5. Florachem Corp.
6. Greenbay Biotech International Pvt Ltd
7. LyondellBasell Industries Holdings B.V
8. Merck KGaA
9. Stepan Company
10. Vertec BioSolvents.
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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