Marine Pigments Market Drivers and Opportunities [2021-2031]
The Marine Pigments Market is expected to register a CAGR of 6% from 2024 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 (Natural, Synthetic). The report is also segmented based on Ship Type (Bulk Carriers, Tankers, Container Vessels, and Others). The report scope covers 5 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 Marine Pigments 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.
Marine Pigments Market Segmentation
Type- Natural
- Synthetic
- Bulk Carriers
- Tankers
- Container Vessels
Strategic Insights
Marine Pigments Market Growth Drivers- Rising Demand for Natural Colorants: The most important driver for the marine pigments market is the increasing demand for natural colorants across various industries. Consumers are demanding products free of synthetic additives, and thus manufacturers are forced to seek natural alternatives. Marine pigments, being extracted from marine organisms, form an eco-friendly alternative and align with the trend.
- Health and Environmental Concerns: The demand for natural ingredients within food and cosmetics industries arises as a result of mounting concern over health and environment. Marine pigments exhibit vibrant colors similar to artificial colorants but are adverse effect-free. This demand meets the stringent regulations pertaining to the use of artificial colorants, thereby expediting market growth.
- Versatile Applications: Marine pigments have vast applications and can be applied to textiles, paints, or coatings. Their uniqueness and stability along with nontoxicity make it versatile for a wide variety of products. As industries look at innovations and sustainable methods in their production, marine pigment demand is expected to be on the rise. So, the market in these pigments is anticipated to grow in the near future.
- Sustainability Trends in the Marine Industry: One of the dominating trends in the marine pigments market is the ever-growing adoption of sustainable practices among manufacturers and consumers. Rising environmental concerns are forcing the industry to opt for eco-friendly alternatives, and this increases the interest in natural pigments sourced from marine origins. This is part of a broader commitment to sustainability across various sectors.
- Eco-Conscious Consumers in Food and Cosmetics: This can be seen to be true in the case of food and cosmetic industries, since consumers there are more sensitized toward the source of ingredients used. Marine pigments perfectly fit this profile since they are natural, biodegradable, and create innovations on existing formulations that these companies might offer to their clients with fewer effects on the environment.
- Tighter Regulations on Synthetic Dyes: Regulation is another factor propelling this market. The government and bodies are tightening regulations in synthetic dyes and pigments, forcing companies to find safer alternatives as close to nature as possible. This is why the marine pigments market will continue to grow because more and more companies realize the value of sustainability within their business and product portfolios, and that will benefit the environment and the bottom line.
- Expansion Opportunities in Emerging Markets for Marine Pigments: There is a good opportunity to expand into emerging markets through marine pigments. As Asia-Pacific, Latin America, and Africa's economies increase, the demand for products related to consumers such as food, cosmetics, and textiles is growing. As the demand increases, growth opportunities are seen for this colorant as the consumption for natural and sustainable coloring grows.
- Rising Consumer Demand for Natural Colorants: There is now an emerging trend where consumers are becoming more healthy as well as aware of their natural environment. As consumers in emerging economies become more keen on the products that end up in their bodies, this demand for natural colorants, with marine pigments being in high demand is likely to grow. These companies that are well positioned can take the opportunities presented in this trend for innovative products to meet tastes and preferences by local residents and regulatory requirements that have emerged in the developing markets.
- Strategic Investments and Local Partnerships: The expansion into the emerging market helps the firms to broaden their product ranges and mitigate dependence on the mature markets. Investment in production facilities with local partnerships has enabled these businesses to build an efficiency and responsiveness level for supply chain to be geared toward filling the markets with products of their desires. This means that, although it's profitable, profitability also strengthens brand loyalty on the parts of the customers who, due to an appreciation for sustainability and a love of natural ingredients, sustain the marine pigments market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Marine Pigments 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 Marine Pigments 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Rising demand for eco-friendly pigments is one of the key opportunities for the market growth.
Dainichiseika Color and Chemicals Mfg. Co., Ltd., Kremer Pigments Inc., Sensient Technologies Corporation, BASF SE, Clariant AG, Merck KGaA, Ferro Corporation, Huntsman Corporation, Tate and Lyle PLC, and Chromaflo Technologies Corp. are among the leading players operating in the marine pigments market.
Growth in offshore exploration and production activities is driving the market growth
The Marine Pigments Market is estimated to witness a CAGR of 6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Marine Pigments Market - By Grade
1.3.2 Marine Pigments Market - By Applications
1.3.3 Marine Pigments Market - By Color
1.3.4 Marine Pigments Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MARINE PIGMENTS 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. MARINE 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 AND RESTRAINTS
6. MARINE PIGMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. MARINE PIGMENTS - GLOBAL MARKET OVERVIEW
6.2. MARINE PIGMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MARINE PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. LAUNDRY
7.3.1. Overview
7.3.2. Laundry Market Forecast and Analysis
7.4. INDUSTRIAL
7.4.1. Overview
7.4.2. Industrial Market Forecast and Analysis
7.5. COSMETICS
7.5.1. Overview
7.5.2. Cosmetics Market Forecast and Analysis
8. MARINE PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. RUBBER AND PLASTIC
8.3.1. Overview
8.3.2. Rubber and plastic Market Forecast and Analysis
8.4. INKS
8.4.1. Overview
8.4.2. Inks Market Forecast and Analysis
8.5. PAINTS AND COATING
8.5.1. Overview
8.5.2. Paints and coating Market Forecast and Analysis
8.6. PAPER
8.6.1. Overview
8.6.2. Paper Market Forecast and Analysis
8.7. COSMETIC AND PERSONAL CARE
8.7.1. Overview
8.7.2. cosmetic and personal care Market Forecast and Analysis
8.8. DETERGENTS.
8.8.1. Overview
8.8.2. detergents. Market Forecast and Analysis
9. MARINE PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - COLOR
9.1. OVERVIEW
9.2. COLOR MARKET FORECASTS AND ANALYSIS
9.3. BLUE
9.3.1. Overview
9.3.2. blue Market Forecast and Analysis
9.4. VIOLET
9.4.1. Overview
9.4.2. violet Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. others Market Forecast and Analysis
10. MARINE PIGMENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Marine Pigments Market Overview
10.1.2 North America Marine Pigments Market Forecasts and Analysis
10.1.3 North America Marine Pigments Market Forecasts and Analysis - By Grade
10.1.4 North America Marine Pigments Market Forecasts and Analysis - By Applications
10.1.5 North America Marine Pigments Market Forecasts and Analysis - By Color
10.1.6 North America Marine Pigments Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Marine Pigments Market
10.1.6.1.1 Canada Marine Pigments Market by Grade
10.1.6.1.2 Canada Marine Pigments Market by Applications
10.1.6.1.3 Canada Marine Pigments Market by Color
10.1.6.2 Mexico Marine Pigments Market
10.1.6.2.1 Mexico Marine Pigments Market by Grade
10.1.6.2.2 Mexico Marine Pigments Market by Applications
10.1.6.2.3 Mexico Marine Pigments Market by Color
10.1.6.3 US Marine Pigments Market
10.1.6.3.1 US Marine Pigments Market by Grade
10.1.6.3.2 US Marine Pigments Market by Applications
10.1.6.3.3 US Marine Pigments Market by Color
10.2. EUROPE
10.2.1 Europe Marine Pigments Market Overview
10.2.2 Europe Marine Pigments Market Forecasts and Analysis
10.2.3 Europe Marine Pigments Market Forecasts and Analysis - By Grade
10.2.4 Europe Marine Pigments Market Forecasts and Analysis - By Applications
10.2.5 Europe Marine Pigments Market Forecasts and Analysis - By Color
10.2.6 Europe Marine Pigments Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Marine Pigments Market
10.2.6.1.1 Germany Marine Pigments Market by Grade
10.2.6.1.2 Germany Marine Pigments Market by Applications
10.2.6.1.3 Germany Marine Pigments Market by Color
10.2.6.2 France Marine Pigments Market
10.2.6.2.1 France Marine Pigments Market by Grade
10.2.6.2.2 France Marine Pigments Market by Applications
10.2.6.2.3 France Marine Pigments Market by Color
10.2.6.3 Italy Marine Pigments Market
10.2.6.3.1 Italy Marine Pigments Market by Grade
10.2.6.3.2 Italy Marine Pigments Market by Applications
10.2.6.3.3 Italy Marine Pigments Market by Color
10.2.6.4 United Kingdom Marine Pigments Market
10.2.6.4.1 United Kingdom Marine Pigments Market by Grade
10.2.6.4.2 United Kingdom Marine Pigments Market by Applications
10.2.6.4.3 United Kingdom Marine Pigments Market by Color
10.2.6.5 Russia Marine Pigments Market
10.2.6.5.1 Russia Marine Pigments Market by Grade
10.2.6.5.2 Russia Marine Pigments Market by Applications
10.2.6.5.3 Russia Marine Pigments Market by Color
10.2.6.6 Rest of Europe Marine Pigments Market
10.2.6.6.1 Rest of Europe Marine Pigments Market by Grade
10.2.6.6.2 Rest of Europe Marine Pigments Market by Applications
10.2.6.6.3 Rest of Europe Marine Pigments Market by Color
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Marine Pigments Market Overview
10.3.2 Asia-Pacific Marine Pigments Market Forecasts and Analysis
10.3.3 Asia-Pacific Marine Pigments Market Forecasts and Analysis - By Grade
10.3.4 Asia-Pacific Marine Pigments Market Forecasts and Analysis - By Applications
10.3.5 Asia-Pacific Marine Pigments Market Forecasts and Analysis - By Color
10.3.6 Asia-Pacific Marine Pigments Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Marine Pigments Market
10.3.6.1.1 Australia Marine Pigments Market by Grade
10.3.6.1.2 Australia Marine Pigments Market by Applications
10.3.6.1.3 Australia Marine Pigments Market by Color
10.3.6.2 China Marine Pigments Market
10.3.6.2.1 China Marine Pigments Market by Grade
10.3.6.2.2 China Marine Pigments Market by Applications
10.3.6.2.3 China Marine Pigments Market by Color
10.3.6.3 India Marine Pigments Market
10.3.6.3.1 India Marine Pigments Market by Grade
10.3.6.3.2 India Marine Pigments Market by Applications
10.3.6.3.3 India Marine Pigments Market by Color
10.3.6.4 Japan Marine Pigments Market
10.3.6.4.1 Japan Marine Pigments Market by Grade
10.3.6.4.2 Japan Marine Pigments Market by Applications
10.3.6.4.3 Japan Marine Pigments Market by Color
10.3.6.5 South Korea Marine Pigments Market
10.3.6.5.1 South Korea Marine Pigments Market by Grade
10.3.6.5.2 South Korea Marine Pigments Market by Applications
10.3.6.5.3 South Korea Marine Pigments Market by Color
10.3.6.6 Rest of Asia-Pacific Marine Pigments Market
10.3.6.6.1 Rest of Asia-Pacific Marine Pigments Market by Grade
10.3.6.6.2 Rest of Asia-Pacific Marine Pigments Market by Applications
10.3.6.6.3 Rest of Asia-Pacific Marine Pigments Market by Color
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Marine Pigments Market Overview
10.4.2 Middle East and Africa Marine Pigments Market Forecasts and Analysis
10.4.3 Middle East and Africa Marine Pigments Market Forecasts and Analysis - By Grade
10.4.4 Middle East and Africa Marine Pigments Market Forecasts and Analysis - By Applications
10.4.5 Middle East and Africa Marine Pigments Market Forecasts and Analysis - By Color
10.4.6 Middle East and Africa Marine Pigments Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Marine Pigments Market
10.4.6.1.1 South Africa Marine Pigments Market by Grade
10.4.6.1.2 South Africa Marine Pigments Market by Applications
10.4.6.1.3 South Africa Marine Pigments Market by Color
10.4.6.2 Saudi Arabia Marine Pigments Market
10.4.6.2.1 Saudi Arabia Marine Pigments Market by Grade
10.4.6.2.2 Saudi Arabia Marine Pigments Market by Applications
10.4.6.2.3 Saudi Arabia Marine Pigments Market by Color
10.4.6.3 U.A.E Marine Pigments Market
10.4.6.3.1 U.A.E Marine Pigments Market by Grade
10.4.6.3.2 U.A.E Marine Pigments Market by Applications
10.4.6.3.3 U.A.E Marine Pigments Market by Color
10.4.6.4 Rest of Middle East and Africa Marine Pigments Market
10.4.6.4.1 Rest of Middle East and Africa Marine Pigments Market by Grade
10.4.6.4.2 Rest of Middle East and Africa Marine Pigments Market by Applications
10.4.6.4.3 Rest of Middle East and Africa Marine Pigments Market by Color
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Marine Pigments Market Overview
10.5.2 South and Central America Marine Pigments Market Forecasts and Analysis
10.5.3 South and Central America Marine Pigments Market Forecasts and Analysis - By Grade
10.5.4 South and Central America Marine Pigments Market Forecasts and Analysis - By Applications
10.5.5 South and Central America Marine Pigments Market Forecasts and Analysis - By Color
10.5.6 South and Central America Marine Pigments Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Marine Pigments Market
10.5.6.1.1 Brazil Marine Pigments Market by Grade
10.5.6.1.2 Brazil Marine Pigments Market by Applications
10.5.6.1.3 Brazil Marine Pigments Market by Color
10.5.6.2 Argentina Marine Pigments Market
10.5.6.2.1 Argentina Marine Pigments Market by Grade
10.5.6.2.2 Argentina Marine Pigments Market by Applications
10.5.6.2.3 Argentina Marine Pigments Market by Color
10.5.6.3 Rest of South and Central America Marine Pigments Market
10.5.6.3.1 Rest of South and Central America Marine Pigments Market by Grade
10.5.6.3.2 Rest of South and Central America Marine Pigments Market by Applications
10.5.6.3.3 Rest of South and Central America Marine Pigments Market by Color
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. MARINE PIGMENTS MARKET, KEY COMPANY PROFILES
12.1. FERRO 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. BASF SE
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. HABICH GMBH
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. LAPIS LAZULI PIGMENTS 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. ULTRAMARINE AND PIGMENTS 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. HANGZHOU HAN-COLOR CHEMICAL CO. LTD
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 EARTH PIGMENTS COMPANY, LLC
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. VENATOR MATERIALS PLC
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. MAD OILS,INC.
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. SKU PIGMENTS PVT. 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.Ferro Corporation
2.BASF SE
3.Habich GmbH
4.Lapis Lazuli Pigments Co., Ltd
5.Ultramarine and Pigments Ltd
6.Hangzhou Han-Color chemical Co. Ltd
7.The Earth Pigments Company, LLC
8.Venator Materials PLC
9.Mad Oils,Inc.
10.SKU PIGMENTS PVT. 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.
Get Free Sample For