Montan Wax Market Growth, Key Strategies, Trends, and Forecast by 2031

Coverage: Montan Wax Market covers analysis by Function (Emulsifier, Lubricants, Thickening Agents, Release Agents, Coating Agents, Nucleating Agents, Dispersants, Others); End-User Industry (Cosmetics, Pharmaceuticals, Rubbers, Plastics, Electricals, Wax Polishes, Leather and Textile, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00006424
  • Category : Chemicals and Materials
  • No. of Pages : 150
Buy Now

Montan Wax Market Research Report 2021-2031

Buy Now

The Montan Wax Market is expected to register a CAGR of 4% 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 Function (Emulsifier, Lubricants, Thickening Agents, Release Agents, Coating Agents, Nucleating Agents, Dispersants, and Others). The report presents analysis based on End User (Cosmetics, Pharmaceuticals, Rubbers, Plastics, Electricals, Wax Polishes, Leather and Textile, and Others). 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 Report

The report Montan Wax 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.

Montan Wax Market Segmentation

Function
  • Emulsifier
  • Lubricants
  • Thickening Agents
  • Release Agents
  • Coating Agents
  • Nucleating Agents
  • Dispersants
End User
  • Cosmetics
  • Pharmaceuticals
  • Rubbers
  • Plastics
  • Electricals
  • Wax Polishes
  • Leather and Textile

Strategic Insights

Montan Wax Market Growth Drivers
  • Application in Car Polish and Coatings: The growth in car polish and coatings is highly propelling the montan wax market. Montan wax is prized for its excellent gloss, water resistance, and protective properties, thereby suitable for incorporation into car care formulations. In addition to the concerned consumers seeking better car finishes, demand for montan wax-based formulations also increases.
  • Automotive Detailing Industry Boosts Demand for Montan Wax: The automotive detailing industry shows obvious continuous growth in consumers' spending more money on professional-grade polishes and coatings. A great finish, durability of car surfaces, and significantly enhanced appearance are provided by Montan wax, which gives a vehicle a protective layer protecting it from dirt, moisture, and UV rays. Increased awareness of keeping good vehicle maintenance and aesthetics raise the demand for montan wax-based products.
  • Shift Towards Eco-Friendly Car Care Solutions Increases Montan Wax Usage: As the market is moving towards a shift towards adopting such natural wax, as montan wax, with environment-friendly car care solutions on the frontier, manufacturers are getting pushed to opt for such products in the market. As consumers were also looking for biodegradable options to synthetic chemicals, the usage of montan wax is also increasing which increases this growth in this market segment concerning automobile usage of montan wax.
Montan Wax Market Future Trends
  • Montan Wax Drives Leather Treatment Market Growth: The most positive future trends driving the montan wax market is the treatment of leather. Montan wax finds wide application with leather products due to outstanding protection and conditioning properties. Consumers are on their quest for excellent leather goods, and this automatically leads to a call for effective treatments to ensure durability and look.
  • Fashion and Automotive Industries Boost Montan Wax Demand for Leather Care: The fashion and automotive industries have massive consumption of leather. These two focus heavily on the quality as well as the durability of the leather. Montan wax can give a great protection against moisture, dirt, and wearing since it is a component in the leather surface - for this reason, manufacturers highly favor using montan wax. There is a growing demand for many formulations that contain treatment with montan wax nowadays because of the increasing luxury leather goods market.
  • Sustainability Trends Increase Demand for Montan Wax in Leather Treatment: There is this trend of sustainability and green leather care products, which affects the utilization of montan wax. Consumers are also getting more conscious about this and, hence want to get natural, biodegradable forms of treatment for their leather. Being a product that originates from nature, montan wax makes up for this expectation, and because it is a natural origin, synthetic chemical alternatives are very attractive.
Montan Wax Market Opportunities
  • Adoption of Composite Materials: Composite materials are contributing the most towards growth opportunities in the montan wax market. Montan wax is used during the production of composites as a processing aid and lubricant, improving the performance and the surface finish of the end product. Thus, the higher the use of composite materials by the automotive industry, the aerospace industries, construction, and other such industries, the larger is the amount of montan wax demanded.
    Composite materials possess various advantages, including their light weight and very high strength. Montan wax improves flow characteristics in manufacturing, hence allowing easier achievement of sought shapes and surfaces with composite products. This, therefore, makes it possible to have enhanced quality of composite products-an incentive for manufacturers to consider including montan wax in their production processes.
  • Sustainability Trends Boost Montan Wax Usage in Eco-Friendly Composites: Additionally, the trend toward sustainability in use affects adoption, and composite materials can reduce the weight of and enhance fuel efficiency for vehicles. Montan wax is a natural, biodegradable product and, hence, supports green initiatives. Compatibility will undoubtedly heighten its appeal in an emerging market for sustainable composites.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Montan Wax 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 Montan Wax 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.


RD Image
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
REGIONAL FRAMEWORK
World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   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
MARKET PLAYERS
  • 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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the future trend for montan wax market?

Leather Treatment is expected to be the key market trends.

Based on geography, which region held the largest share of the montan wax market?

Based on geography, Asia Pacific held the largest share of the montan wax market.

Which is the fastest growing segment based on function?

Based on function, emulsifier is expected to witness the fastest growth during the forecast period

What are the driving factors impacting the montan wax Market?

Application in Car Polish and Coatings is driving the market growth

What are the key players operating in the montan wax market?

Carmel Industries, Clariant Corporation, FIRST SOURCE WORLDWIDE, LLC. are some of the key players operating in the montan wax market

What is the expected CAGR of the Montan Wax Market?

The Montan Wax Market is estimated to witness a CAGR of 4% from 2023 to 2031

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Montan Wax Market - By Function
1.3.2Montan Wax Market - By End-User Industry
1.3.3Montan Wax Market - By Region
1.3.3.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.MONTAN WAX MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS

5.MONTAN WAX MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6.MONTAN WAX MARKET - GLOBAL MARKET ANALYSIS
6.1.MONTAN WAX - GLOBAL MARKET OVERVIEW
6.2.MONTAN WAX - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.MONTAN WAX MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
7.1.OVERVIEW
7.2.FUNCTION MARKET FORECASTS AND ANALYSIS
7.3.EMULSIFIER
7.3.1.Overview
7.3.2.Emulsifier Market Forecast and Analysis
7.4.LUBRICANTS
7.4.1.Overview
7.4.2.Lubricants Market Forecast and Analysis
7.5.THICKENING AGENTS
7.5.1.Overview
7.5.2.Thickening Agents Market Forecast and Analysis
7.6.RELEASE AGENTS
7.6.1.Overview
7.6.2.Release Agents Market Forecast and Analysis
7.7.COATING AGENTS
7.7.1.Overview
7.7.2.Coating Agents Market Forecast and Analysis
7.8.NUCLEATING AGENTS
7.8.1.Overview
7.8.2.Nucleating Agents Market Forecast and Analysis
7.9.DISPERSANTS
7.9.1.Overview
7.9.2.Dispersants Market Forecast and Analysis
7.10.OTHERS
7.10.1.Overview
7.10.2.Others Market Forecast and Analysis

8.MONTAN WAX MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1.OVERVIEW
8.2.END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3.COSMETICS
8.3.1.Overview
8.3.2.Cosmetics Market Forecast and Analysis
8.4.PHARMACEUTICALS
8.4.1.Overview
8.4.2.Pharmaceuticals Market Forecast and Analysis
8.5.RUBBERS
8.5.1.Overview
8.5.2.Rubbers Market Forecast and Analysis
8.6.PLASTICS
8.6.1.Overview
8.6.2.Plastics Market Forecast and Analysis
8.7.ELECTRICALS
8.7.1.Overview
8.7.2.Electricals Market Forecast and Analysis
8.8.WAX POLISHES
8.8.1.Overview
8.8.2.Wax Polishes Market Forecast and Analysis
8.9.LEATHER AND TEXTILE
8.9.1.Overview
8.9.2.Leather and Textile Market Forecast and Analysis
8.10.OTHERS
8.10.1.Overview
8.10.2.Others Market Forecast and Analysis

9.MONTAN WAX MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Montan Wax Market Overview
9.1.2North America Montan Wax Market Forecasts and Analysis
9.1.3North America Montan Wax Market Forecasts and Analysis - By Function
9.1.4North America Montan Wax Market Forecasts and Analysis - By End-User Industry
9.1.5North America Montan Wax Market Forecasts and Analysis - By Countries
9.1.5.1United States Montan Wax Market
9.1.5.1.1United States Montan Wax Market by Function
9.1.5.1.2United States Montan Wax Market by End-User Industry
9.1.5.2Canada Montan Wax Market
9.1.5.2.1Canada Montan Wax Market by Function
9.1.5.2.2Canada Montan Wax Market by End-User Industry
9.1.5.3Mexico Montan Wax Market
9.1.5.3.1Mexico Montan Wax Market by Function
9.1.5.3.2Mexico Montan Wax Market by End-User Industry
9.2.EUROPE
9.2.1Europe Montan Wax Market Overview
9.2.2Europe Montan Wax Market Forecasts and Analysis
9.2.3Europe Montan Wax Market Forecasts and Analysis - By Function
9.2.4Europe Montan Wax Market Forecasts and Analysis - By End-User Industry
9.2.5Europe Montan Wax Market Forecasts and Analysis - By Countries
9.2.5.1Germany Montan Wax Market
9.2.5.1.1Germany Montan Wax Market by Function
9.2.5.1.2Germany Montan Wax Market by End-User Industry
9.2.5.2France Montan Wax Market
9.2.5.2.1France Montan Wax Market by Function
9.2.5.2.2France Montan Wax Market by End-User Industry
9.2.5.3Italy Montan Wax Market
9.2.5.3.1Italy Montan Wax Market by Function
9.2.5.3.2Italy Montan Wax Market by End-User Industry
9.2.5.4United Kingdom Montan Wax Market
9.2.5.4.1United Kingdom Montan Wax Market by Function
9.2.5.4.2United Kingdom Montan Wax Market by End-User Industry
9.2.5.5Russia Montan Wax Market
9.2.5.5.1Russia Montan Wax Market by Function
9.2.5.5.2Russia Montan Wax Market by End-User Industry
9.2.5.6Rest of Europe Montan Wax Market
9.2.5.6.1Rest of Europe Montan Wax Market by Function
9.2.5.6.2Rest of Europe Montan Wax Market by End-User Industry
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Montan Wax Market Overview
9.3.2Asia-Pacific Montan Wax Market Forecasts and Analysis
9.3.3Asia-Pacific Montan Wax Market Forecasts and Analysis - By Function
9.3.4Asia-Pacific Montan Wax Market Forecasts and Analysis - By End-User Industry
9.3.5Asia-Pacific Montan Wax Market Forecasts and Analysis - By Countries
9.3.5.1Australia Montan Wax Market
9.3.5.1.1Australia Montan Wax Market by Function
9.3.5.1.2Australia Montan Wax Market by End-User Industry
9.3.5.2China Montan Wax Market
9.3.5.2.1China Montan Wax Market by Function
9.3.5.2.2China Montan Wax Market by End-User Industry
9.3.5.3India Montan Wax Market
9.3.5.3.1India Montan Wax Market by Function
9.3.5.3.2India Montan Wax Market by End-User Industry
9.3.5.4Japan Montan Wax Market
9.3.5.4.1Japan Montan Wax Market by Function
9.3.5.4.2Japan Montan Wax Market by End-User Industry
9.3.5.5South Korea Montan Wax Market
9.3.5.5.1South Korea Montan Wax Market by Function
9.3.5.5.2South Korea Montan Wax Market by End-User Industry
9.3.5.6Rest of Asia-Pacific Montan Wax Market
9.3.5.6.1Rest of Asia-Pacific Montan Wax Market by Function
9.3.5.6.2Rest of Asia-Pacific Montan Wax Market by End-User Industry
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Montan Wax Market Overview
9.4.2Middle East and Africa Montan Wax Market Forecasts and Analysis
9.4.3Middle East and Africa Montan Wax Market Forecasts and Analysis - By Function
9.4.4Middle East and Africa Montan Wax Market Forecasts and Analysis - By End-User Industry
9.4.5Middle East and Africa Montan Wax Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Montan Wax Market
9.4.5.1.1South Africa Montan Wax Market by Function
9.4.5.1.2South Africa Montan Wax Market by End-User Industry
9.4.5.2Saudi Arabia Montan Wax Market
9.4.5.2.1Saudi Arabia Montan Wax Market by Function
9.4.5.2.2Saudi Arabia Montan Wax Market by End-User Industry
9.4.5.3U.A.E Montan Wax Market
9.4.5.3.1U.A.E Montan Wax Market by Function
9.4.5.3.2U.A.E Montan Wax Market by End-User Industry
9.4.5.4Rest of Middle East and Africa Montan Wax Market
9.4.5.4.1Rest of Middle East and Africa Montan Wax Market by Function
9.4.5.4.2Rest of Middle East and Africa Montan Wax Market by End-User Industry
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Montan Wax Market Overview
9.5.2South and Central America Montan Wax Market Forecasts and Analysis
9.5.3South and Central America Montan Wax Market Forecasts and Analysis - By Function
9.5.4South and Central America Montan Wax Market Forecasts and Analysis - By End-User Industry
9.5.5South and Central America Montan Wax Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Montan Wax Market
9.5.5.1.1Brazil Montan Wax Market by Function
9.5.5.1.2Brazil Montan Wax Market by End-User Industry
9.5.5.2Argentina Montan Wax Market
9.5.5.2.1Argentina Montan Wax Market by Function
9.5.5.2.2Argentina Montan Wax Market by End-User Industry
9.5.5.3Rest of South and Central America Montan Wax Market
9.5.5.3.1Rest of South and Central America Montan Wax Market by Function
9.5.5.3.2Rest of South and Central America Montan Wax Market by End-User Industry

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.MONTAN WAX MARKET, KEY COMPANY PROFILES
11.1.CARMEL INDUSTRIES
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.CLARIANT CORPORATION
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.FIRST SOURCE WORLDWIDE, LLC.
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.FRANK B. ROSS CO., INC.
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.MAYUR DYES AND CHEMICALS CORPORATION
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.MÜNZING CORPORATION
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.POTH HILLE
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.ROMONTA GMBH
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.S. KATO AND CO.
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.VöLPKER SPECIAL PRODUCTS GMBH
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
The List of Companies

1. Carmel Industries2. Clariant Corporation3. FIRST SOURCE WORLDWIDE, LLC.4. Frank B. Ross Co., Inc.5. Mayur Dyes and Chemicals Corporation6. MÜNZING Corporation7. Poth Hille8. ROMONTA GmbH9. S. KATO and CO.10. Völpker Special Products GmbH 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Chemicals and Materials : READ MORE..