N-Butanol Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: N-Butanol Market covers analysis by Application (Butyl Acrylate, Butyl Acetate, Glycol Ethers, Direct- Solvent, Plasticizers, Others); End use industry (Varnishes, Paints, Coatings, Resins, Camphor, Dyes, Fats Vegetable Oils, Waxes, Shellac, Rubbers, Alkaloids, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005102
  • Category : Chemicals and Materials
  • No. of Pages : 150
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N-Butanol Market Scope and Size by 2031

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The N-Butanol Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.

The report is segmented by derivative type (butyl acrylate, butyl acetate, butyl esters and others). The report further presents analysis based on end use (paints and coatings, resins, camphor, dyes, detergents, flavorant, biofuel and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.

Purpose of the Report

The report N-Butanol 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.

N-Butanol Market Segmentation

Derivative Type
  • Butyl Acrylate
  • Butyl Acetate
  • Butyl Esters
End Use
  • Paints and Coatings
  • Resins
  • Camphor
  • Dyes
  • Detergents
  • Flavorant
  • Biofuel

Strategic Insights

N-Butanol Market Growth Drivers
  • Role of n-Butanol in the Construction and Automobile Industries' Paint and Coating: The upward trend in the construction and automobile industries, in turn, leads to high consumption of paints and coatings, which are also one of the major end users for n-butanol. This is supported by increased urbanization and infrastructural growth, creating a greater demand for protective and decorative finishes. n-Butanol is preferred as a solvent in paints as it improves their flow and leveling properties and ultimately, the finish of the coat. The quest for green products has also brought advances in low-formulations wherein toxic compounds in n-Butanol are reduced, but this compound remains an essential ingredient.
  • Rising Demand for n-Butanol in Personal Care and Cosmetics: The personal care and cosmetic industry has witnessed an increased demand worldwide for perfumes, creams, and gluten-free formulations where n-Butanol is used as a solvent and an intermediate. The expansion of this sector is attributed to the change in demand patterns of consumers leaning more towards organic and premium goods. The rising importance of personal hygiene, especially after the pandemic, has enhanced the consumption of personal care products, which has created a favorable impact on the n-Butanol market.
  • n-Butanol's Growing Importance in Pharmaceutical Manufacturing and Drug Development: In the pharmaceutical application, it is mainly utilized as a solvent and intermediate for manufacturing different drugs. The key drivers for this market are the growing population and increased incidence of chronic diseases requiring more pharmaceuticals. In addition, n-butanol is increasingly being used in drug manufacturing processes due to the strategic shift towards biopharmaceuticals and the invention of new drugs.
N-Butanol Market Future Trends
  • Sustainable Production Technologies: The market has witnessed some improvements in production technologies for n-Butanol that emphasize sustainability. The likes of biomass-to-n-butanol are innovative methods that use greener materials, eliminating the drawbacks associated with classical methods. These processes have a limitation that makes most companies engage in research so that their processes can be more efficient because the wish to supply more green chemicals is increasing.
  • Strategic Mergers and Acquisitions: Another characteristic of the n-Butanol market is an increasing number of strategic mergers and acquisitions of key players that aim to strengthen their market share and diversify product lines. These consolidation processes allow the companies to use technology and distribution systems, thus increasing production and market extension. This is part of the general plan to gain more market share and address customer concerns in a fast-changing environment.
  • Eco-friendly Chemistry Commitment: Another characteristic that affects the n-Butanol market is the commitment towards eco-friendly chemistry. Emulsion manufacturers are looking for ways to develop less harmful solvents that can be easily broken down by the environment in line with regulations and customer preferences. In this context, investigating alternative raw materials and processes, which are less harmful to the environment but equally effective in product operation, is also in progress.
N-Butanol Market Opportunities
  • Sustainability Driving Bio-based n-Butanol Production: The growing emphasis on sustainability significantly contributes to the increased production of bio-based n-Butanol. Producers can use renewable sources to increase demand for green products. Such a shift not only helps in adhering to laws but also responds to the market needs, which favors green products over traditional ones, making the business even more attractive.
  • Untapped Market Potential for n-Butanol in Asia-Pacific and Latin America: Most of the untapped market potential for the n-Butanol industry is seen in the Asia-Pacific and Latin America. Such factors as rapid industrialization, urbanization, and the increase in disposable incomes have resulted in an upsurge of products incorporating nau Butanol. Hence, these companies must venture to expose their activities in those regional risk and invest to gain returns.
  • Innovation Opportunities in n-Butanol Applications: Applications of n-Butanol show considerable room for innovation. For example, there is potential for developing n-Butanol for incorporation into new types of adhesive or sealant formulations and cleaning products. More advanced products that could be targeted towards specialized markets can also be developed by manufacturers through more research-oriented efforts and this development can be instrumental for the growth of n-Butanol markets.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the N-Butanol 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 N-Butanol 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
World Geography

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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 n-butanol market?

Adoption of sustainable production techniques is expected to be the key market trends

What are the deliverable formats of the n-butanol market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

Which regions are covered in the report?

On the basis of geography, the n-butanol market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America

What are the key players operating in the n-butanol market?

Eastman Chemical Company; BASF SE; Grupa Azoty; INEOS Oxide; KH Neochem are some of the key players operating in the n-butanol market

What are the driving factors impacting the n-butanol market?

Growing demand in the paints and coatings sector is driving the market growth

What is the expected CAGR of the N-Butanol Market?

The N-Butanol 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
1.3.1 N-Butanol Market - By Application
1.3.2 N-Butanol Market - By End use industry
1.3.3 N-Butanol Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. N-BUTANOL 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 OPINIONS

5. N-BUTANOL 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. N-BUTANOL MARKET - GLOBAL MARKET ANALYSIS
6.1. N-BUTANOL - GLOBAL MARKET OVERVIEW
6.2. N-BUTANOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. N-BUTANOL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. BUTYL ACRYLATE
7.3.1. Overview
7.3.2. Butyl Acrylate Market Forecast and Analysis
7.4. BUTYL ACETATE
7.4.1. Overview
7.4.2. Butyl Acetate Market Forecast and Analysis
7.5. GLYCOL ETHERS
7.5.1. Overview
7.5.2. Glycol Ethers Market Forecast and Analysis
7.6. DIRECT- SOLVENT
7.6.1. Overview
7.6.2. Direct- Solvent Market Forecast and Analysis
7.7. PLASTICIZERS
7.7.1. Overview
7.7.2. Plasticizers Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. N-BUTANOL MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. VARNISHES
8.3.1. Overview
8.3.2. Varnishes Market Forecast and Analysis
8.4. PAINTS
8.4.1. Overview
8.4.2. Paints Market Forecast and Analysis
8.5. COATINGS
8.5.1. Overview
8.5.2. Coatings Market Forecast and Analysis
8.6. RESINS
8.6.1. Overview
8.6.2. Resins Market Forecast and Analysis
8.7. CAMPHOR
8.7.1. Overview
8.7.2. Camphor Market Forecast and Analysis
8.8. DYES
8.8.1. Overview
8.8.2. Dyes Market Forecast and Analysis
8.9. FATS VEGETABLE OILS
8.9.1. Overview
8.9.2. Fats Vegetable Oils Market Forecast and Analysis
8.10. WAXES
8.10.1. Overview
8.10.2. Waxes Market Forecast and Analysis
8.11. SHELLAC
8.11.1. Overview
8.11.2. Shellac Market Forecast and Analysis
8.12. RUBBERS
8.12.1. Overview
8.12.2. Rubbers Market Forecast and Analysis
8.13. ALKALOIDS
8.13.1. Overview
8.13.2. Alkaloids Market Forecast and Analysis
8.14. OTHERS
8.14.1. Overview
8.14.2. Others Market Forecast and Analysis

9. N-BUTANOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America N-Butanol Market Overview
9.1.2 North America N-Butanol Market Forecasts and Analysis
9.1.3 North America N-Butanol Market Forecasts and Analysis - By Application
9.1.4 North America N-Butanol Market Forecasts and Analysis - By End use industry
9.1.5 North America N-Butanol Market Forecasts and Analysis - By Countries
9.1.5.1 Canada N-Butanol Market
9.1.5.1.1 Canada N-Butanol Market by Application
9.1.5.1.2 Canada N-Butanol Market by End use industry
9.1.5.2 Mexico N-Butanol Market
9.1.5.2.1 Mexico N-Butanol Market by Application
9.1.5.2.2 Mexico N-Butanol Market by End use industry
9.1.5.3 US N-Butanol Market
9.1.5.3.1 US N-Butanol Market by Application
9.1.5.3.2 US N-Butanol Market by End use industry
9.2. EUROPE
9.2.1 Europe N-Butanol Market Overview
9.2.2 Europe N-Butanol Market Forecasts and Analysis
9.2.3 Europe N-Butanol Market Forecasts and Analysis - By Application
9.2.4 Europe N-Butanol Market Forecasts and Analysis - By End use industry
9.2.5 Europe N-Butanol Market Forecasts and Analysis - By Countries
9.2.5.1 Germany N-Butanol Market
9.2.5.1.1 Germany N-Butanol Market by Application
9.2.5.1.2 Germany N-Butanol Market by End use industry
9.2.5.2 France N-Butanol Market
9.2.5.2.1 France N-Butanol Market by Application
9.2.5.2.2 France N-Butanol Market by End use industry
9.2.5.3 Italy N-Butanol Market
9.2.5.3.1 Italy N-Butanol Market by Application
9.2.5.3.2 Italy N-Butanol Market by End use industry
9.2.5.4 United Kingdom N-Butanol Market
9.2.5.4.1 United Kingdom N-Butanol Market by Application
9.2.5.4.2 United Kingdom N-Butanol Market by End use industry
9.2.5.5 Russia N-Butanol Market
9.2.5.5.1 Russia N-Butanol Market by Application
9.2.5.5.2 Russia N-Butanol Market by End use industry
9.2.5.6 Rest of Europe N-Butanol Market
9.2.5.6.1 Rest of Europe N-Butanol Market by Application
9.2.5.6.2 Rest of Europe N-Butanol Market by End use industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific N-Butanol Market Overview
9.3.2 Asia-Pacific N-Butanol Market Forecasts and Analysis
9.3.3 Asia-Pacific N-Butanol Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific N-Butanol Market Forecasts and Analysis - By End use industry
9.3.5 Asia-Pacific N-Butanol Market Forecasts and Analysis - By Countries
9.3.5.1 Australia N-Butanol Market
9.3.5.1.1 Australia N-Butanol Market by Application
9.3.5.1.2 Australia N-Butanol Market by End use industry
9.3.5.2 China N-Butanol Market
9.3.5.2.1 China N-Butanol Market by Application
9.3.5.2.2 China N-Butanol Market by End use industry
9.3.5.3 India N-Butanol Market
9.3.5.3.1 India N-Butanol Market by Application
9.3.5.3.2 India N-Butanol Market by End use industry
9.3.5.4 Japan N-Butanol Market
9.3.5.4.1 Japan N-Butanol Market by Application
9.3.5.4.2 Japan N-Butanol Market by End use industry
9.3.5.5 South Korea N-Butanol Market
9.3.5.5.1 South Korea N-Butanol Market by Application
9.3.5.5.2 South Korea N-Butanol Market by End use industry
9.3.5.6 Rest of Asia-Pacific N-Butanol Market
9.3.5.6.1 Rest of Asia-Pacific N-Butanol Market by Application
9.3.5.6.2 Rest of Asia-Pacific N-Butanol Market by End use industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa N-Butanol Market Overview
9.4.2 Middle East and Africa N-Butanol Market Forecasts and Analysis
9.4.3 Middle East and Africa N-Butanol Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa N-Butanol Market Forecasts and Analysis - By End use industry
9.4.5 Middle East and Africa N-Butanol Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa N-Butanol Market
9.4.5.1.1 South Africa N-Butanol Market by Application
9.4.5.1.2 South Africa N-Butanol Market by End use industry
9.4.5.2 Saudi Arabia N-Butanol Market
9.4.5.2.1 Saudi Arabia N-Butanol Market by Application
9.4.5.2.2 Saudi Arabia N-Butanol Market by End use industry
9.4.5.3 U.A.E N-Butanol Market
9.4.5.3.1 U.A.E N-Butanol Market by Application
9.4.5.3.2 U.A.E N-Butanol Market by End use industry
9.4.5.4 Rest of Middle East and Africa N-Butanol Market
9.4.5.4.1 Rest of Middle East and Africa N-Butanol Market by Application
9.4.5.4.2 Rest of Middle East and Africa N-Butanol Market by End use industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America N-Butanol Market Overview
9.5.2 South and Central America N-Butanol Market Forecasts and Analysis
9.5.3 South and Central America N-Butanol Market Forecasts and Analysis - By Application
9.5.4 South and Central America N-Butanol Market Forecasts and Analysis - By End use industry
9.5.5 South and Central America N-Butanol Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil N-Butanol Market
9.5.5.1.1 Brazil N-Butanol Market by Application
9.5.5.1.2 Brazil N-Butanol Market by End use industry
9.5.5.2 Argentina N-Butanol Market
9.5.5.2.1 Argentina N-Butanol Market by Application
9.5.5.2.2 Argentina N-Butanol Market by End use industry
9.5.5.3 Rest of South and Central America N-Butanol Market
9.5.5.3.1 Rest of South and Central America N-Butanol Market by Application
9.5.5.3.2 Rest of South and Central America N-Butanol Market by End use 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. N-BUTANOL MARKET, KEY COMPANY PROFILES
11.1. BASF
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. BASF-PETRONAS
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. CHEMICALS SDN. BHD.
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. EASTMAN CHEMICAL COMPANY
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. GRUPA AZOTY
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. INEOS OXIDE LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KH NEOCHEM
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. OXEA 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. PERSTORP HOLDING AB
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. SASOL LTD
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
11.11. SAUDI KAYAN PETROCHEMICAL COMPANY
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

  • BASF
  • Mitsubishi Chemical Corporation
  • Eastman Chemical Company
  • Grupa Azoty
  • INEOS Oxide Ltd
  • KH Neochem
  • OXEA GmbH
  • Perstorp Holding AB
  • Sasol Ltd
  • Saudi Kayan Petrochemical Company

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.

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