Inorganic Pigments Market Strategies and Share 2031
Inorganic pigments are chemical compounds based on oxides, metallic salts, sulfide, carbonate, sulfate, and silicates. They are considered to be the most stable and durable of all colorants available in the market. Inorganic paints have superior resistance to UV light and other weather elements and hence are used extensively in outdoor applications. Relative to organic pigments, inorganic pigments are easy to disperse and hence are preferably used in numerous paints and coatings, printing ink, and plastic applications. They have low tinting strength and hence large quantity of pigments are required to produce the desired effect.
MARKET DYNAMICS
The growth of the construction sector owing to proliferation of construction activities and rising demand for housing has generated significant opportunity for paints, coatings, pigment industries and other allied industries associated with construction sector. China's transition to consumer and service driven economy has led to a surge in construction of social, healthcare, and education infrastructure. While the construction industry in North America and Europe are also expected to grow at a healthy CAGR rate. The global construction sector is anticipated to account for significant demand for inorganic pigments which are extensively used in outdoor paint and coating applications. The presence of heavy metals such as lead, cadmium, and mercury in inorganic pigments makes them a health hazard. Stringent regulations on the uses of chromium and cadmium based pigments is expected to hinder the growth of the inorganic pigments to some extent.
MARKET SCOPE
The "Global Inorganic Pigments 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 inorganic pigments market with detailed market segmentation by pigment type, application, end-use industry, and geography. The global inorganic pigments market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading inorganic pigments market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global inorganic pigments market is segmented on the basis of pigment type, application, and end-use industry. On the basis of pigment type, the inorganic pigments market is segmented into, titanium dioxide, iron oxide, carbon black, and others. On the basis of application, the market is bifurcated into, paints & coatings, plastics, inks, and others. Based on end-use industry, the global inorganic pigments market is segmented into, building & construction, automotive, packaging, paper & printing, textile, 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 inorganic pigments 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 inorganic pigments 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 inorganic pigments 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 inorganic pigments market in these regions.
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- 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 inorganic pigments 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 inorganic pigments 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 inorganic pigments 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 inorganic pigments market in these regions.
MARKET PLAYERS
The reports cover key developments in the inorganic pigments 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 inorganic pigments market are anticipated to lucrative growth opportunities in the future with the rising demand for inorganic pigments in the global market. Below mentioned is the list of few companies engaged in the inorganic pigments market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the inorganic pigments 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.
- Carl Schlenk AG
- Cathay Industries
- Ferro Corporation
- Heubach GmbH
- Kronos Worldwide, Inc
- Lanxess
- Tata Pigments
- The Chemours Company
- Tronox Holdings plc
- Venator Materials PLC.
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.
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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 Inorganic Pigments Market - By Pigment Type
1.3.2 Inorganic Pigments Market - By Application
1.3.3 Inorganic Pigments Market - By End-Use Industry
1.3.4 Inorganic Pigments Market - By Region
1.3.4.1 By Country2. KEY TAKEAWAYS3. RESEARCH METHODOLOGY4. INORGANIC PIGMENTS 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 OPINIONS5. INORGANIC PIGMENTS 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 PANDEMIC6. INORGANIC PIGMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. INORGANIC PIGMENTS - GLOBAL MARKET OVERVIEW
6.2. INORGANIC PIGMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE7. INORGANIC PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - PIGMENT TYPE
7.1. OVERVIEW
7.2. PIGMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. TITANIUM DIOXIDE
7.3.1. Overview
7.3.2. Titanium Dioxide Market Forecast and Analysis
7.4. IRON OXIDE
7.4.1. Overview
7.4.2. Iron Oxide Market Forecast and Analysis
7.5. CARBON BLACK
7.5.1. Overview
7.5.2. Carbon Black Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. INORGANIC PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAINTS AND COATINGS
8.3.1. Overview
8.3.2. Paints and Coatings Market Forecast and Analysis
8.4. PLASTICS
8.4.1. Overview
8.4.2. Plastics Market Forecast and Analysis
8.5. INKS
8.5.1. Overview
8.5.2. Inks Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INORGANIC PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1. OVERVIEW
9.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. BUILDING AND CONSTRUCTION
9.3.1. Overview
9.3.2. Building and Construction Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. PACKAGING
9.5.1. Overview
9.5.2. Packaging Market Forecast and Analysis
9.6. PAPER AND PRINTING
9.6.1. Overview
9.6.2. Paper and Printing Market Forecast and Analysis
9.7. TEXTILE
9.7.1. Overview
9.7.2. Textile Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis10. INORGANIC PIGMENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Inorganic Pigments Market Overview
10.1.2 North America Inorganic Pigments Market Forecasts and Analysis
10.1.3 North America Inorganic Pigments Market Forecasts and Analysis - By Pigment Type
10.1.4 North America Inorganic Pigments Market Forecasts and Analysis - By Application
10.1.5 North America Inorganic Pigments Market Forecasts and Analysis - By End-Use Industry
10.1.6 North America Inorganic Pigments Market Forecasts and Analysis - By Countries
10.1.6.1 United States Inorganic Pigments Market
10.1.6.1.1 United States Inorganic Pigments Market by Pigment Type
10.1.6.1.2 United States Inorganic Pigments Market by Application
10.1.6.1.3 United States Inorganic Pigments Market by End-Use Industry
10.1.6.2 Canada Inorganic Pigments Market
10.1.6.2.1 Canada Inorganic Pigments Market by Pigment Type
10.1.6.2.2 Canada Inorganic Pigments Market by Application
10.1.6.2.3 Canada Inorganic Pigments Market by End-Use Industry
10.1.6.3 Mexico Inorganic Pigments Market
10.1.6.3.1 Mexico Inorganic Pigments Market by Pigment Type
10.1.6.3.2 Mexico Inorganic Pigments Market by Application
10.1.6.3.3 Mexico Inorganic Pigments Market by End-Use Industry
10.2. EUROPE
10.2.1 Europe Inorganic Pigments Market Overview
10.2.2 Europe Inorganic Pigments Market Forecasts and Analysis
10.2.3 Europe Inorganic Pigments Market Forecasts and Analysis - By Pigment Type
10.2.4 Europe Inorganic Pigments Market Forecasts and Analysis - By Application
10.2.5 Europe Inorganic Pigments Market Forecasts and Analysis - By End-Use Industry
10.2.6 Europe Inorganic Pigments Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Inorganic Pigments Market
10.2.6.1.1 Germany Inorganic Pigments Market by Pigment Type
10.2.6.1.2 Germany Inorganic Pigments Market by Application
10.2.6.1.3 Germany Inorganic Pigments Market by End-Use Industry
10.2.6.2 France Inorganic Pigments Market
10.2.6.2.1 France Inorganic Pigments Market by Pigment Type
10.2.6.2.2 France Inorganic Pigments Market by Application
10.2.6.2.3 France Inorganic Pigments Market by End-Use Industry
10.2.6.3 Italy Inorganic Pigments Market
10.2.6.3.1 Italy Inorganic Pigments Market by Pigment Type
10.2.6.3.2 Italy Inorganic Pigments Market by Application
10.2.6.3.3 Italy Inorganic Pigments Market by End-Use Industry
10.2.6.4 United Kingdom Inorganic Pigments Market
10.2.6.4.1 United Kingdom Inorganic Pigments Market by Pigment Type
10.2.6.4.2 United Kingdom Inorganic Pigments Market by Application
10.2.6.4.3 United Kingdom Inorganic Pigments Market by End-Use Industry
10.2.6.5 Russia Inorganic Pigments Market
10.2.6.5.1 Russia Inorganic Pigments Market by Pigment Type
10.2.6.5.2 Russia Inorganic Pigments Market by Application
10.2.6.5.3 Russia Inorganic Pigments Market by End-Use Industry
10.2.6.6 Rest of Europe Inorganic Pigments Market
10.2.6.6.1 Rest of Europe Inorganic Pigments Market by Pigment Type
10.2.6.6.2 Rest of Europe Inorganic Pigments Market by Application
10.2.6.6.3 Rest of Europe Inorganic Pigments Market by End-Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Inorganic Pigments Market Overview
10.3.2 Asia-Pacific Inorganic Pigments Market Forecasts and Analysis
10.3.3 Asia-Pacific Inorganic Pigments Market Forecasts and Analysis - By Pigment Type
10.3.4 Asia-Pacific Inorganic Pigments Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Inorganic Pigments Market Forecasts and Analysis - By End-Use Industry
10.3.6 Asia-Pacific Inorganic Pigments Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Inorganic Pigments Market
10.3.6.1.1 Australia Inorganic Pigments Market by Pigment Type
10.3.6.1.2 Australia Inorganic Pigments Market by Application
10.3.6.1.3 Australia Inorganic Pigments Market by End-Use Industry
10.3.6.2 China Inorganic Pigments Market
10.3.6.2.1 China Inorganic Pigments Market by Pigment Type
10.3.6.2.2 China Inorganic Pigments Market by Application
10.3.6.2.3 China Inorganic Pigments Market by End-Use Industry
10.3.6.3 India Inorganic Pigments Market
10.3.6.3.1 India Inorganic Pigments Market by Pigment Type
10.3.6.3.2 India Inorganic Pigments Market by Application
10.3.6.3.3 India Inorganic Pigments Market by End-Use Industry
10.3.6.4 Japan Inorganic Pigments Market
10.3.6.4.1 Japan Inorganic Pigments Market by Pigment Type
10.3.6.4.2 Japan Inorganic Pigments Market by Application
10.3.6.4.3 Japan Inorganic Pigments Market by End-Use Industry
10.3.6.5 South Korea Inorganic Pigments Market
10.3.6.5.1 South Korea Inorganic Pigments Market by Pigment Type
10.3.6.5.2 South Korea Inorganic Pigments Market by Application
10.3.6.5.3 South Korea Inorganic Pigments Market by End-Use Industry
10.3.6.6 Rest of Asia-Pacific Inorganic Pigments Market
10.3.6.6.1 Rest of Asia-Pacific Inorganic Pigments Market by Pigment Type
10.3.6.6.2 Rest of Asia-Pacific Inorganic Pigments Market by Application
10.3.6.6.3 Rest of Asia-Pacific Inorganic Pigments Market by End-Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Inorganic Pigments Market Overview
10.4.2 Middle East and Africa Inorganic Pigments Market Forecasts and Analysis
10.4.3 Middle East and Africa Inorganic Pigments Market Forecasts and Analysis - By Pigment Type
10.4.4 Middle East and Africa Inorganic Pigments Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Inorganic Pigments Market Forecasts and Analysis - By End-Use Industry
10.4.6 Middle East and Africa Inorganic Pigments Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Inorganic Pigments Market
10.4.6.1.1 South Africa Inorganic Pigments Market by Pigment Type
10.4.6.1.2 South Africa Inorganic Pigments Market by Application
10.4.6.1.3 South Africa Inorganic Pigments Market by End-Use Industry
10.4.6.2 Saudi Arabia Inorganic Pigments Market
10.4.6.2.1 Saudi Arabia Inorganic Pigments Market by Pigment Type
10.4.6.2.2 Saudi Arabia Inorganic Pigments Market by Application
10.4.6.2.3 Saudi Arabia Inorganic Pigments Market by End-Use Industry
10.4.6.3 U.A.E Inorganic Pigments Market
10.4.6.3.1 U.A.E Inorganic Pigments Market by Pigment Type
10.4.6.3.2 U.A.E Inorganic Pigments Market by Application
10.4.6.3.3 U.A.E Inorganic Pigments Market by End-Use Industry
10.4.6.4 Rest of Middle East and Africa Inorganic Pigments Market
10.4.6.4.1 Rest of Middle East and Africa Inorganic Pigments Market by Pigment Type
10.4.6.4.2 Rest of Middle East and Africa Inorganic Pigments Market by Application
10.4.6.4.3 Rest of Middle East and Africa Inorganic Pigments Market by End-Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Inorganic Pigments Market Overview
10.5.2 South and Central America Inorganic Pigments Market Forecasts and Analysis
10.5.3 South and Central America Inorganic Pigments Market Forecasts and Analysis - By Pigment Type
10.5.4 South and Central America Inorganic Pigments Market Forecasts and Analysis - By Application
10.5.5 South and Central America Inorganic Pigments Market Forecasts and Analysis - By End-Use Industry
10.5.6 South and Central America Inorganic Pigments Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Inorganic Pigments Market
10.5.6.1.1 Brazil Inorganic Pigments Market by Pigment Type
10.5.6.1.2 Brazil Inorganic Pigments Market by Application
10.5.6.1.3 Brazil Inorganic Pigments Market by End-Use Industry
10.5.6.2 Argentina Inorganic Pigments Market
10.5.6.2.1 Argentina Inorganic Pigments Market by Pigment Type
10.5.6.2.2 Argentina Inorganic Pigments Market by Application
10.5.6.2.3 Argentina Inorganic Pigments Market by End-Use Industry
10.5.6.3 Rest of South and Central America Inorganic Pigments Market
10.5.6.3.1 Rest of South and Central America Inorganic Pigments Market by Pigment Type
10.5.6.3.2 Rest of South and Central America Inorganic Pigments Market by Application
10.5.6.3.3 Rest of South and Central America Inorganic Pigments Market by End-Use Industry11. 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 DEVELOPMENTS12. INORGANIC PIGMENTS MARKET, KEY COMPANY PROFILES
12.1. CARL SCHLENK AG
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. CATHAY INDUSTRIES
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. FERRO CORPORATION
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. HEUBACH GMBH
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. KRONOS WORLDWIDE, INC
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. LANXESS
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. TATA PIGMENTS
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. THE CHEMOURS COMPANY
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. TRONOX HOLDINGS PLC
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. VENATOR MATERIALS PLC.
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 Developments13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Carl Schlenk AG
2.Cathay Industries
3.Ferro Corporation
4.Heubach GmbH
5.Kronos Worldwide, Inc
6.Lanxess
7.Tata Pigments
8.The Chemours Company
9.Tronox Holdings plc
10.Venator Materials PLC.
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.