Green Petroleum Coke Market Dynamics 2021-2031
Green petroleum coke is produced at refineries by processing liquid fractions in delayed coking machines. Green petroleum coke is a hydrocarbon-rich substance with low levels of inorganic components and a high fixed carbon content. It looks to be a solid black hunk of material. The term 'green' in the name refers to where the product is in the manufacturing process. In comparison to other varieties of coke, green petroleum coke has a low sulphur concentration.
MARKET DYNAMICS
Demand for green petroleum coke is being driven by factors such as severe government regulations on carbon emissions, increased demand for manufacture of aluminium smelter anodes, rising coal prices, and the depletion of coal resources. Government restrictions that are particularly significant in the market for green petroleum coke. Toxins emitted by industrialization, as well as toxic gas emissions from factories and cars, such as carbon dioxide, hydroxides, sulphur, and nitrogen, have an impact on the environment. Because it contains very little sulphur and ash, green petroleum coke is extremely stable and non-reactive in the environment. It is a high-calorific-valued alternative energy source to coal.
MARKET SCOPE
The "Global Green Petroleum Coke Market Analysis to 2031" is a specialized and in-depth study of the green petroleum coke market with a special focus on the global market trend analysis. The report aims to provide an overview of the green petroleum coke market with detailed market segmentation by type, application, and geography. The global green petroleum coke market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading green petroleum coke market players and offers key trends and opportunities in the green petroleum coke market.
MARKET SEGMENTATION
The global green petroleum coke market is segmented based on source, foam, and application. Based on source, green petroleum coke market is segmented into anode and fuel. Based on foam, green petroleum coke market is segmented into sponge coke, purge coke, needle coke, shot coke and honeycomb coke. Based on application, green petroleum coke market is segmented into aluminum, calcined coke, cement, power stations, graphite electrode and others.
IMPACT OF COVID-19 ON GREEN PETROLEUM COKE MARKET
The proliferation of COVID-19 in key worldwide economies in 2021 resulted in nationwide lockdowns, affecting a variety of businesses. Due to facility closures and a drop in overall demand, the aluminium and iron and steel industries were among the hardest hit during the pandemic. For the first half of 2021, this had an influence on demand for green petroleum coke. As a result, during the coronavirus pandemic, demand for green petroleum coke decreased.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Green Petroleum Coke Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Green Petroleum Coke Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Green Petroleum Coke Market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the green petroleum coke market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Green Petroleum Coke Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Green Petroleum Coke Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Green Petroleum Coke Market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the green petroleum coke market in these regions.
MARKET PLAYERS
The reports cover key developments in the green petroleum coke 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 expansion of business and customer base of market players. The market players from green petroleum coke market are anticipated to lucrative growth opportunities in the future with the rising demand for green petroleum coke market. Below mentioned is the list of few companies engaged in the green petroleum coke market.
The report also includes the profiles of key green petroleum coke market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Oxbow Corporation
- AMINCO RESOURCES LLC.
- Asbury Carbons
- Aluminium Bahrain (Alba)
- Atha Group
- Carbograf Industrial S.A. de C.V.
- Rain Carbon Inc.
- Minmat Ferro Alloys Private Limited
- Shandong KeYu Energy Co., Ltd.
- Weifang Lianxing New Material Technology Co., Ltd.
- 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.
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 Green Petroleum Coke Market - By Source
1.3.2 Green Petroleum Coke Market - By Form
1.3.3 Green Petroleum Coke Market - By Application
1.3.4 Green Petroleum Coke Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GREEN PETROLEUM COKE 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 PETROLEUM COKE 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 PETROLEUM COKE MARKET - GLOBAL MARKET ANALYSIS
6.1. GREEN PETROLEUM COKE - GLOBAL MARKET OVERVIEW
6.2. GREEN PETROLEUM COKE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GREEN PETROLEUM COKE MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. ANODE
7.3.1. Overview
7.3.2. Anode Market Forecast and Analysis
7.4. FUEL
7.4.1. Overview
7.4.2. Fuel Market Forecast and Analysis
8. GREEN PETROLEUM COKE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. SPONGE COKE
8.3.1. Overview
8.3.2. Sponge Coke Market Forecast and Analysis
8.4. PURGE COKE
8.4.1. Overview
8.4.2. Purge Coke Market Forecast and Analysis
8.5. NEEDLE COKE
8.5.1. Overview
8.5.2. Needle Coke Market Forecast and Analysis
8.6. SHOT COKE
8.6.1. Overview
8.6.2. Shot Coke Market Forecast and Analysis
8.7. HONEYCOMB COKE
8.7.1. Overview
8.7.2. Honeycomb Coke Market Forecast and Analysis
9. GREEN PETROLEUM COKE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ALUMINUM
9.3.1. Overview
9.3.2. Aluminum Market Forecast and Analysis
9.4. CALCINED COKE
9.4.1. Overview
9.4.2. Calcined Coke Market Forecast and Analysis
9.5. CEMENT
9.5.1. Overview
9.5.2. Cement Market Forecast and Analysis
9.6. POWER STATIONS
9.6.1. Overview
9.6.2. Power Stations Market Forecast and Analysis
9.7. GRAPHITE ELECTRODE
9.7.1. Overview
9.7.2. Graphite Electrode Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. GREEN PETROLEUM COKE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Green Petroleum Coke Market Overview
10.1.2 North America Green Petroleum Coke Market Forecasts and Analysis
10.1.3 North America Green Petroleum Coke Market Forecasts and Analysis - By Source
10.1.4 North America Green Petroleum Coke Market Forecasts and Analysis - By Form
10.1.5 North America Green Petroleum Coke Market Forecasts and Analysis - By Application
10.1.6 North America Green Petroleum Coke Market Forecasts and Analysis - By Countries
10.1.6.1 United States Green Petroleum Coke Market
10.1.6.1.1 United States Green Petroleum Coke Market by Source
10.1.6.1.2 United States Green Petroleum Coke Market by Form
10.1.6.1.3 United States Green Petroleum Coke Market by Application
10.1.6.2 Canada Green Petroleum Coke Market
10.1.6.2.1 Canada Green Petroleum Coke Market by Source
10.1.6.2.2 Canada Green Petroleum Coke Market by Form
10.1.6.2.3 Canada Green Petroleum Coke Market by Application
10.1.6.3 Mexico Green Petroleum Coke Market
10.1.6.3.1 Mexico Green Petroleum Coke Market by Source
10.1.6.3.2 Mexico Green Petroleum Coke Market by Form
10.1.6.3.3 Mexico Green Petroleum Coke Market by Application
10.2. EUROPE
10.2.1 Europe Green Petroleum Coke Market Overview
10.2.2 Europe Green Petroleum Coke Market Forecasts and Analysis
10.2.3 Europe Green Petroleum Coke Market Forecasts and Analysis - By Source
10.2.4 Europe Green Petroleum Coke Market Forecasts and Analysis - By Form
10.2.5 Europe Green Petroleum Coke Market Forecasts and Analysis - By Application
10.2.6 Europe Green Petroleum Coke Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Green Petroleum Coke Market
10.2.6.1.1 Germany Green Petroleum Coke Market by Source
10.2.6.1.2 Germany Green Petroleum Coke Market by Form
10.2.6.1.3 Germany Green Petroleum Coke Market by Application
10.2.6.2 France Green Petroleum Coke Market
10.2.6.2.1 France Green Petroleum Coke Market by Source
10.2.6.2.2 France Green Petroleum Coke Market by Form
10.2.6.2.3 France Green Petroleum Coke Market by Application
10.2.6.3 Italy Green Petroleum Coke Market
10.2.6.3.1 Italy Green Petroleum Coke Market by Source
10.2.6.3.2 Italy Green Petroleum Coke Market by Form
10.2.6.3.3 Italy Green Petroleum Coke Market by Application
10.2.6.4 United Kingdom Green Petroleum Coke Market
10.2.6.4.1 United Kingdom Green Petroleum Coke Market by Source
10.2.6.4.2 United Kingdom Green Petroleum Coke Market by Form
10.2.6.4.3 United Kingdom Green Petroleum Coke Market by Application
10.2.6.5 Russia Green Petroleum Coke Market
10.2.6.5.1 Russia Green Petroleum Coke Market by Source
10.2.6.5.2 Russia Green Petroleum Coke Market by Form
10.2.6.5.3 Russia Green Petroleum Coke Market by Application
10.2.6.6 Rest of Europe Green Petroleum Coke Market
10.2.6.6.1 Rest of Europe Green Petroleum Coke Market by Source
10.2.6.6.2 Rest of Europe Green Petroleum Coke Market by Form
10.2.6.6.3 Rest of Europe Green Petroleum Coke Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Green Petroleum Coke Market Overview
10.3.2 Asia-Pacific Green Petroleum Coke Market Forecasts and Analysis
10.3.3 Asia-Pacific Green Petroleum Coke Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Green Petroleum Coke Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Green Petroleum Coke Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Green Petroleum Coke Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Green Petroleum Coke Market
10.3.6.1.1 Australia Green Petroleum Coke Market by Source
10.3.6.1.2 Australia Green Petroleum Coke Market by Form
10.3.6.1.3 Australia Green Petroleum Coke Market by Application
10.3.6.2 China Green Petroleum Coke Market
10.3.6.2.1 China Green Petroleum Coke Market by Source
10.3.6.2.2 China Green Petroleum Coke Market by Form
10.3.6.2.3 China Green Petroleum Coke Market by Application
10.3.6.3 India Green Petroleum Coke Market
10.3.6.3.1 India Green Petroleum Coke Market by Source
10.3.6.3.2 India Green Petroleum Coke Market by Form
10.3.6.3.3 India Green Petroleum Coke Market by Application
10.3.6.4 Japan Green Petroleum Coke Market
10.3.6.4.1 Japan Green Petroleum Coke Market by Source
10.3.6.4.2 Japan Green Petroleum Coke Market by Form
10.3.6.4.3 Japan Green Petroleum Coke Market by Application
10.3.6.5 South Korea Green Petroleum Coke Market
10.3.6.5.1 South Korea Green Petroleum Coke Market by Source
10.3.6.5.2 South Korea Green Petroleum Coke Market by Form
10.3.6.5.3 South Korea Green Petroleum Coke Market by Application
10.3.6.6 Rest of Asia-Pacific Green Petroleum Coke Market
10.3.6.6.1 Rest of Asia-Pacific Green Petroleum Coke Market by Source
10.3.6.6.2 Rest of Asia-Pacific Green Petroleum Coke Market by Form
10.3.6.6.3 Rest of Asia-Pacific Green Petroleum Coke Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Green Petroleum Coke Market Overview
10.4.2 Middle East and Africa Green Petroleum Coke Market Forecasts and Analysis
10.4.3 Middle East and Africa Green Petroleum Coke Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Green Petroleum Coke Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Green Petroleum Coke Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Green Petroleum Coke Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Green Petroleum Coke Market
10.4.6.1.1 South Africa Green Petroleum Coke Market by Source
10.4.6.1.2 South Africa Green Petroleum Coke Market by Form
10.4.6.1.3 South Africa Green Petroleum Coke Market by Application
10.4.6.2 Saudi Arabia Green Petroleum Coke Market
10.4.6.2.1 Saudi Arabia Green Petroleum Coke Market by Source
10.4.6.2.2 Saudi Arabia Green Petroleum Coke Market by Form
10.4.6.2.3 Saudi Arabia Green Petroleum Coke Market by Application
10.4.6.3 U.A.E Green Petroleum Coke Market
10.4.6.3.1 U.A.E Green Petroleum Coke Market by Source
10.4.6.3.2 U.A.E Green Petroleum Coke Market by Form
10.4.6.3.3 U.A.E Green Petroleum Coke Market by Application
10.4.6.4 Rest of Middle East and Africa Green Petroleum Coke Market
10.4.6.4.1 Rest of Middle East and Africa Green Petroleum Coke Market by Source
10.4.6.4.2 Rest of Middle East and Africa Green Petroleum Coke Market by Form
10.4.6.4.3 Rest of Middle East and Africa Green Petroleum Coke Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Green Petroleum Coke Market Overview
10.5.2 South and Central America Green Petroleum Coke Market Forecasts and Analysis
10.5.3 South and Central America Green Petroleum Coke Market Forecasts and Analysis - By Source
10.5.4 South and Central America Green Petroleum Coke Market Forecasts and Analysis - By Form
10.5.5 South and Central America Green Petroleum Coke Market Forecasts and Analysis - By Application
10.5.6 South and Central America Green Petroleum Coke Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Green Petroleum Coke Market
10.5.6.1.1 Brazil Green Petroleum Coke Market by Source
10.5.6.1.2 Brazil Green Petroleum Coke Market by Form
10.5.6.1.3 Brazil Green Petroleum Coke Market by Application
10.5.6.2 Argentina Green Petroleum Coke Market
10.5.6.2.1 Argentina Green Petroleum Coke Market by Source
10.5.6.2.2 Argentina Green Petroleum Coke Market by Form
10.5.6.2.3 Argentina Green Petroleum Coke Market by Application
10.5.6.3 Rest of South and Central America Green Petroleum Coke Market
10.5.6.3.1 Rest of South and Central America Green Petroleum Coke Market by Source
10.5.6.3.2 Rest of South and Central America Green Petroleum Coke Market by Form
10.5.6.3.3 Rest of South and Central America Green Petroleum Coke 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. GREEN PETROLEUM COKE MARKET, KEY COMPANY PROFILES
12.1. OXBOW CORPORATION
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. AMINCO RESOURCES LLC.
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. ASBURY CARBONS
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. ALUMINIUM BAHRAIN (ALBA)
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. ATHA GROUP
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. CARBOGRAF INDUSTRIAL S.A. DE C.V.
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. RAIN CARBON INC.
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. MINMAT FERRO ALLOYS PRIVATE LIMITED
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. SHANDONG KEYU ENERGY 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. WEIFANG LIANXING NEW MATERIAL TECHNOLOGY 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
- Oxbow Corporation
- AMINCO RESOURCES LLC.
- Asbury Carbons
- Aluminium Bahrain (Alba)
- Atha Group
- Carbograf Industrial S.A. de C.V.
- Rain Carbon Inc.
- Minmat Ferro Alloys Private Limited
- Shandong KeYu Energy Co., Ltd.
- Weifang Lianxing New Material Technology 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.