Neodymium Magnet Market Growth, Share, Trends, and Forecast by 2031

Coverage: Neodymium Magnet Market covers analysis By Type (Sintered Neodymium Magnet, Bonded Neodymium Magnet); Application (Electronics, Medical Devices, Motor and Generators, Automotive Parts, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00023812
  • Category : Chemicals and Materials
  • No. of Pages : 150
Buy Now

The Neodymium Magnet Market is expected to register a CAGR of 10% from 2025 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 (sintered and bonded) and magnet type (arc magnet and tile magnet). The report further presents analysis based on application (electrical and electronics, catalysts, ceramics and glass 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 Neodymium Magnet 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.

Neodymium Magnet Market Segmentation

Type
  • Sintered
  • Bonded
Magnet Type
  • Arc Magnet
  • Tile Magnet

Strategic Insights

Neodymium Magnet Market Growth Drivers
  • Electric Vehicle Market Driving Demand for Neodymium Magnets: The development of the electric automobile market significantly impacted the neodymium magnet industry. The neodymium motors are a torque-heavy electric motor with electric vehicles. Due to governments' tightening of emission regulations worldwide and the rising popularity of electric vehicles among consumers, the sale of electric vehicles is likely to shoot upwards. This trend is expected to pressure the supply of neodymium magnets since their manufacturers focus on improving their vehicles’ better and more efficient electric drive systems.
  • Renewable Energy Growth Boosting Neodymium Magnet Demand in Wind and Solar: Besides renewable energy, for instance, wind or solar energy, this is an additional reason that is also very important in boosting the growth of neodymium magnets. Where neodymium magnets are in the generators of wind turbines, they convert the mechanical motion of the turbine into electricity. With many countries using wind energy and now trying to develop their resources as a form of renewable energy due to the depletion of fossil fuels, the need for neodymium magnets in wind energy is expected to increase. This increase is also due to solar technological growth in which neodymium magnets have various applications helping optimize systems.
  • Rising Consumer Electronics Demand Propelling Neodymium Magnet Use: The consumer electronics segment represents one of the most significant applications for neodymium magnets due to their inclusion in mobile phones, computers, headphones, and other devices. The unceasing improvements and the relentless desire to provide compact, light, and powerful electronic devices have necessitated using more efficient magnets. It is projected that owing to the appropriate changes in technology and the fact that the majority of consumer electronics is changing to things more efficient and smaller in size, the consumption of neodymium magnets will increase.
Neodymium Magnet Market Future Trends
  • Advancements in Industrial Processes: The industrial processes in the production of neodymium magnets have undergone major changes recently, which has directly impacted the cost and efficiency of production. Some of the new and advanced technologies that are being researched to produce stronger and well-built magnets include 3D printing and enhanced sintering methods. These technologies improve the performance of neodymium magnets and help the producers cope with the growth in demand from different industries.
  • Sustainability and Recycling Initiatives: The neodymium magnet industry increasingly focuses on sustainability and recycling initiatives. As the need for rare earth materials grows, companies warm up to the proposition of recovering neodymium from old magnets and electronic waste through recycling. This is a response to initiatives being put in place to enhance a circular economy while minimizing environmental negative impacts. In short, as manufacturers focus on better recycling methods, they do not only care about the need to recycle but also the need to maintain long-term supply of materials due to the concerns of depletion.
  • Strategic Alliances and Collaborations: There has been a rise in the number of strategic alliances among manufacturers, research organizations and hi-tech companies in the neodymium magnet market. Such strategic partnerships are geared towards enhancing the research and development activities more so on the advanced magnet technology and its applications. Joint efforts of the stakeholders help them to speed up innovations and explore broad markets enabled by the fastening growth for the neodymium magnets in many industries.
Neodymium Magnet Market Opportunities
  • Growth Potential for Neodymium Magnets in Emerging Markets: The neodymium magnet market benefits immensely from emerging economies in Asia-Pacifin, Latin America and Africa. With their growing industrialization and urbanization, demand for electric vehicles, renewable energy systems and consumer electronics sectors will increase. This trend can be exploited by companies building manufacturing plants and distribution systems in these markets.
  • Expanding Neodymium Magnet Applications in New Technologies: Applications of neodymium magnets have tremendous room for improvement. New technologies are going beyond the conventional use of these magnets, adding areas such as medicine, robotics, and even space. For example, an application that uses neodymium magnet technology is the innovation of medical devices like MRI machines and drug delivery devices that can pinpoint the site of the patient. Producers can widen their markets and provide better products by making specific neodymium-based magnets for these new developments.
  • Advancing Neodymium Magnet Alloys for Broader Market Reach: The market for neodymium magnets might be broadened as new high-performance magnetic alloys that consist of neodymium and other materials are developed. By designing better alloys to include temperature control, anti-corrosion measures, and enhanced magnetic properties, the companies can satisfy the differing markets for the different industries. This could translate to making advanced magnets that can be used in even more applications.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Neodymium Magnet 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 Neodymium Magnet 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

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 neodymium magnet market?

Advancements in magnet manufacturing techniques is expected to be the key market trends

What are the deliverable formats of the neodymium magnet market?

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

What are the key players operating in the neodymium magnet market?

Arnold Magnetic Technologies; Dura Magnetics; Hitachi Metals Ltd; Integrated Magnetics; JL Mag; Ningbo Yunsheng Co Ltd are some of the key players operating in the neodymium magnet market

Which regions are covered in the report?

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

What are the driving factors impacting the neodymium magnet market?

Surge in electric vehicles production is driving the market growth

What is the expected CAGR of the Neodymium Magnet Market ?

The Neodymium Magnet Market is estimated to witness a CAGR of 10% 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 Neodymium Magnet Market - By Type
1.3.2 Neodymium Magnet Market - By Application
1.3.3 Neodymium Magnet Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. NEODYMIUM MAGNET 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. NEODYMIUM MAGNET 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. NEODYMIUM MAGNET MARKET - GLOBAL MARKET ANALYSIS
6.1. NEODYMIUM MAGNET - GLOBAL MARKET OVERVIEW
6.2. NEODYMIUM MAGNET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. NEODYMIUM MAGNET MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINTERED NEODYMIUM MAGNET
7.3.1. Overview
7.3.2. Sintered Neodymium Magnet Market Forecast and Analysis
7.4. BONDED NEODYMIUM MAGNET
7.4.1. Overview
7.4.2. Bonded Neodymium Magnet Market Forecast and Analysis
8. NEODYMIUM MAGNET MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. MEDICAL DEVICES
8.4.1. Overview
8.4.2. Medical Devices Market Forecast and Analysis
8.5. MOTOR AND GENERATORS
8.5.1. Overview
8.5.2. Motor and Generators Market Forecast and Analysis
8.6. AUTOMOTIVE PARTS
8.6.1. Overview
8.6.2. Automotive Parts Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

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

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. NEODYMIUM MAGNET MARKET, KEY COMPANY PROFILES
11.1. ARNOLD MAGNETIC TECHNOLOGIES
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. DURA MAGNETICS
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. HITACHI METALS, LTD
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. INTEGRATED MAGNETICS
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. JL MAG
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. NINGBO YUNSHENG CO., 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. TH MAGNETICS
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. VACUUMSCHMELZE GMBH AND CO. KG
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. YANTAI SHOUGANG MAGNETIC MATERIALS INC
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. ZHONG KE SAN HUAN HI-TECH CO., 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

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Arnold Magnetic Technologies
2. Dura Magnetics
3. Hitachi Metals, Ltd
4. Integrated Magnetics
5. JL Mag
6. Ningbo Yunsheng Co., Ltd
7. TH Magnetics
8. VACUUMSCHMELZE GmbH and Co. KG
9. Yantai Shougang Magnetic Materials Inc
10. Zhong Ke San Huan Hi-Tech Co., Ltd.

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..