Peracetic Acid Market Dynamics 2021-2031
The Peracetic Acid Market is expected to register a CAGR of 7% from 2024 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The peracetic acid market report is segmented by application (sanitization, sterilization, disinfection, and others). The market is segmented based on end use (water treatment, healthcare, pulp and paper, chemical intermediate, food and beverage, livestock and aquaculture, and others). 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, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Peracetic Acid 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.
Peracetic Acid Market Segmentation
Application- Sanitization
- Sterilization
- Disinfection
- Water Treatment
- Healthcare
- Pulp and Paper
- Chemical Intermediate
- Food and Beverage
- Livestock and Aquaculture
Strategic Insights
Peracetic Acid Market Growth Drivers- Increasing Demand in Disinfection: The rising need for effective disinfection, particularly in food and beverage, healthcare, and water treatment industries, is driving the market for peracetic acid. Its powerful antimicrobial properties make it an ideal choice for sanitization, boosting its demand in sectors requiring strict hygiene standards.
- Sustainability and Environmentally Friendly Solutions: Peracetic acid is gaining traction as an environmentally friendly alternative to traditional disinfectants, as it breaks down into acetic acid and oxygen without leaving harmful residues. This eco-friendly profile is driving demand in industries focused on reducing environmental impact, such as agriculture, food processing, and water treatment.
- Growth in Food Safety Regulations: Stricter food safety regulations are driving the demand for peracetic acid, particularly for sanitizing and disinfecting food contact surfaces and processing equipment. Its effectiveness against a broad spectrum of pathogens and ability to meet hygiene standards in food production is fueling its adoption in the food industry.
- Shift Towards Green Chemistry: The trend towards green chemistry is influencing the peracetic acid market, as it is produced from natural substances like hydrogen peroxide and acetic acid. This aligns with the demand for safer, sustainable alternatives in industries such as food processing, agriculture, and water treatment.
- Increasing Use in Healthcare and Pharmaceuticals: Peracetic acid is increasingly being used in healthcare and pharmaceutical industries for sterilization and surface disinfection. With the growing focus on infection control in hospitals, clinics, and laboratories, its role in maintaining strict hygiene standards in medical environments is a key trend.
- Integration with Advanced Water Treatment: Peracetic acid is gaining popularity in water treatment applications, particularly for municipal and industrial water disinfection. Its ability to degrade organic pollutants and kill pathogens efficiently makes it a preferred choice for enhancing water quality, contributing to the growing trend of advanced, eco-friendly water treatment technologies.
- Growth in Organic Farming: The rise in organic farming and the need for natural pest control methods present an opportunity for peracetic acid. As an environmentally safe solution for sanitizing crops and controlling microbial growth, peracetic acid offers organic farmers a viable alternative to chemical pesticides and fungicides.
- Expansion in Food Processing: Peracetic acid’s effectiveness in controlling microbial contamination offers significant opportunities in the growing food processing industry. With increasing consumer demand for safe and organic food products, peracetic acid can be used to enhance food safety and quality in meat, dairy, and fresh produce sectors.
- Development of New Applications: There are opportunities for expanding the use of peracetic acid in emerging sectors such as bioremediation and wastewater treatment. As the demand for efficient environmental solutions grows, peracetic acid’s ability to treat organic waste and decompose harmful substances presents untapped potential in environmental and waste management industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Peracetic Acid 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 Peracetic Acid 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.
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- 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
Shift towards eco-friendly and sustainable disinfectants are expected to be the key market trends.
Based on end use, the water treatment segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the peracetic acid market due to the strong growth of the food and beverage and water treatment industry in the region.
Increasing demand for disinfection and sanitization solutions are driving the market growth.
SOLVAY SA, STOCKMEIER Chemie Eilenburg GmbH and Co. KG, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY INC., Kemira Oyj, Seeler Industries Inc, Airedale Chemical Company Limited, Enviro Tech Chemical Services Inc, Jubilant Ingrevia Limited, and Ecolab are the key players operating in the peracetic acid market.
The Peracetic Acid Market is estimated to witness a CAGR of 7% 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 Peracetic Acid Market - By Grade
1.3.2 Peracetic Acid Market - By End-Use Industry
1.3.3 Peracetic Acid Market - By Application
1.3.4 Peracetic Acid Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PERACETIC ACID 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. PERACETIC ACID 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. PERACETIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. PERACETIC ACID - GLOBAL MARKET OVERVIEW
6.2. PERACETIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PERACETIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION GRADE
7.3.1. Overview
7.3.2. Solution Grade Market Forecast and Analysis
7.4. DISTILLED GRADE
7.4.1. Overview
7.4.2. Distilled Grade Market Forecast and Analysis
8. PERACETIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. HEALTHCARE
8.3.1. Overview
8.3.2. Healthcare Market Forecast and Analysis
8.4. FOOD AND BEVERAGE
8.4.1. Overview
8.4.2. Food and Beverage Market Forecast and Analysis
8.5. WATER TREATMENT
8.5.1. Overview
8.5.2. Water Treatment Market Forecast and Analysis
8.6. PULP AND PAPER
8.6.1. Overview
8.6.2. Pulp and Paper Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PERACETIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. DISINFECTANT
9.3.1. Overview
9.3.2. Disinfectant Market Forecast and Analysis
9.4. STERILANT
9.4.1. Overview
9.4.2. Sterilant Market Forecast and Analysis
9.5. SANITIZER
9.5.1. Overview
9.5.2. Sanitizer Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. PERACETIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Peracetic Acid Market Overview
10.1.2 North America Peracetic Acid Market Forecasts and Analysis
10.1.3 North America Peracetic Acid Market Forecasts and Analysis - By Grade
10.1.4 North America Peracetic Acid Market Forecasts and Analysis - By End-Use Industry
10.1.5 North America Peracetic Acid Market Forecasts and Analysis - By Application
10.1.6 North America Peracetic Acid Market Forecasts and Analysis - By Countries
10.1.6.1 United States Peracetic Acid Market
10.1.6.1.1 United States Peracetic Acid Market by Grade
10.1.6.1.2 United States Peracetic Acid Market by End-Use Industry
10.1.6.1.3 United States Peracetic Acid Market by Application
10.1.6.2 Canada Peracetic Acid Market
10.1.6.2.1 Canada Peracetic Acid Market by Grade
10.1.6.2.2 Canada Peracetic Acid Market by End-Use Industry
10.1.6.2.3 Canada Peracetic Acid Market by Application
10.1.6.3 Mexico Peracetic Acid Market
10.1.6.3.1 Mexico Peracetic Acid Market by Grade
10.1.6.3.2 Mexico Peracetic Acid Market by End-Use Industry
10.1.6.3.3 Mexico Peracetic Acid Market by Application
10.2. EUROPE
10.2.1 Europe Peracetic Acid Market Overview
10.2.2 Europe Peracetic Acid Market Forecasts and Analysis
10.2.3 Europe Peracetic Acid Market Forecasts and Analysis - By Grade
10.2.4 Europe Peracetic Acid Market Forecasts and Analysis - By End-Use Industry
10.2.5 Europe Peracetic Acid Market Forecasts and Analysis - By Application
10.2.6 Europe Peracetic Acid Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Peracetic Acid Market
10.2.6.1.1 Germany Peracetic Acid Market by Grade
10.2.6.1.2 Germany Peracetic Acid Market by End-Use Industry
10.2.6.1.3 Germany Peracetic Acid Market by Application
10.2.6.2 France Peracetic Acid Market
10.2.6.2.1 France Peracetic Acid Market by Grade
10.2.6.2.2 France Peracetic Acid Market by End-Use Industry
10.2.6.2.3 France Peracetic Acid Market by Application
10.2.6.3 Italy Peracetic Acid Market
10.2.6.3.1 Italy Peracetic Acid Market by Grade
10.2.6.3.2 Italy Peracetic Acid Market by End-Use Industry
10.2.6.3.3 Italy Peracetic Acid Market by Application
10.2.6.4 United Kingdom Peracetic Acid Market
10.2.6.4.1 United Kingdom Peracetic Acid Market by Grade
10.2.6.4.2 United Kingdom Peracetic Acid Market by End-Use Industry
10.2.6.4.3 United Kingdom Peracetic Acid Market by Application
10.2.6.5 Russia Peracetic Acid Market
10.2.6.5.1 Russia Peracetic Acid Market by Grade
10.2.6.5.2 Russia Peracetic Acid Market by End-Use Industry
10.2.6.5.3 Russia Peracetic Acid Market by Application
10.2.6.6 Rest of Europe Peracetic Acid Market
10.2.6.6.1 Rest of Europe Peracetic Acid Market by Grade
10.2.6.6.2 Rest of Europe Peracetic Acid Market by End-Use Industry
10.2.6.6.3 Rest of Europe Peracetic Acid Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Peracetic Acid Market Overview
10.3.2 Asia-Pacific Peracetic Acid Market Forecasts and Analysis
10.3.3 Asia-Pacific Peracetic Acid Market Forecasts and Analysis - By Grade
10.3.4 Asia-Pacific Peracetic Acid Market Forecasts and Analysis - By End-Use Industry
10.3.5 Asia-Pacific Peracetic Acid Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Peracetic Acid Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Peracetic Acid Market
10.3.6.1.1 Australia Peracetic Acid Market by Grade
10.3.6.1.2 Australia Peracetic Acid Market by End-Use Industry
10.3.6.1.3 Australia Peracetic Acid Market by Application
10.3.6.2 China Peracetic Acid Market
10.3.6.2.1 China Peracetic Acid Market by Grade
10.3.6.2.2 China Peracetic Acid Market by End-Use Industry
10.3.6.2.3 China Peracetic Acid Market by Application
10.3.6.3 India Peracetic Acid Market
10.3.6.3.1 India Peracetic Acid Market by Grade
10.3.6.3.2 India Peracetic Acid Market by End-Use Industry
10.3.6.3.3 India Peracetic Acid Market by Application
10.3.6.4 Japan Peracetic Acid Market
10.3.6.4.1 Japan Peracetic Acid Market by Grade
10.3.6.4.2 Japan Peracetic Acid Market by End-Use Industry
10.3.6.4.3 Japan Peracetic Acid Market by Application
10.3.6.5 South Korea Peracetic Acid Market
10.3.6.5.1 South Korea Peracetic Acid Market by Grade
10.3.6.5.2 South Korea Peracetic Acid Market by End-Use Industry
10.3.6.5.3 South Korea Peracetic Acid Market by Application
10.3.6.6 Rest of Asia-Pacific Peracetic Acid Market
10.3.6.6.1 Rest of Asia-Pacific Peracetic Acid Market by Grade
10.3.6.6.2 Rest of Asia-Pacific Peracetic Acid Market by End-Use Industry
10.3.6.6.3 Rest of Asia-Pacific Peracetic Acid Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Peracetic Acid Market Overview
10.4.2 Middle East and Africa Peracetic Acid Market Forecasts and Analysis
10.4.3 Middle East and Africa Peracetic Acid Market Forecasts and Analysis - By Grade
10.4.4 Middle East and Africa Peracetic Acid Market Forecasts and Analysis - By End-Use Industry
10.4.5 Middle East and Africa Peracetic Acid Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Peracetic Acid Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Peracetic Acid Market
10.4.6.1.1 South Africa Peracetic Acid Market by Grade
10.4.6.1.2 South Africa Peracetic Acid Market by End-Use Industry
10.4.6.1.3 South Africa Peracetic Acid Market by Application
10.4.6.2 Saudi Arabia Peracetic Acid Market
10.4.6.2.1 Saudi Arabia Peracetic Acid Market by Grade
10.4.6.2.2 Saudi Arabia Peracetic Acid Market by End-Use Industry
10.4.6.2.3 Saudi Arabia Peracetic Acid Market by Application
10.4.6.3 U.A.E Peracetic Acid Market
10.4.6.3.1 U.A.E Peracetic Acid Market by Grade
10.4.6.3.2 U.A.E Peracetic Acid Market by End-Use Industry
10.4.6.3.3 U.A.E Peracetic Acid Market by Application
10.4.6.4 Rest of Middle East and Africa Peracetic Acid Market
10.4.6.4.1 Rest of Middle East and Africa Peracetic Acid Market by Grade
10.4.6.4.2 Rest of Middle East and Africa Peracetic Acid Market by End-Use Industry
10.4.6.4.3 Rest of Middle East and Africa Peracetic Acid Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Peracetic Acid Market Overview
10.5.2 South and Central America Peracetic Acid Market Forecasts and Analysis
10.5.3 South and Central America Peracetic Acid Market Forecasts and Analysis - By Grade
10.5.4 South and Central America Peracetic Acid Market Forecasts and Analysis - By End-Use Industry
10.5.5 South and Central America Peracetic Acid Market Forecasts and Analysis - By Application
10.5.6 South and Central America Peracetic Acid Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Peracetic Acid Market
10.5.6.1.1 Brazil Peracetic Acid Market by Grade
10.5.6.1.2 Brazil Peracetic Acid Market by End-Use Industry
10.5.6.1.3 Brazil Peracetic Acid Market by Application
10.5.6.2 Argentina Peracetic Acid Market
10.5.6.2.1 Argentina Peracetic Acid Market by Grade
10.5.6.2.2 Argentina Peracetic Acid Market by End-Use Industry
10.5.6.2.3 Argentina Peracetic Acid Market by Application
10.5.6.3 Rest of South and Central America Peracetic Acid Market
10.5.6.3.1 Rest of South and Central America Peracetic Acid Market by Grade
10.5.6.3.2 Rest of South and Central America Peracetic Acid Market by End-Use Industry
10.5.6.3.3 Rest of South and Central America Peracetic Acid Market by Application
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. PERACETIC ACID MARKET, KEY COMPANY PROFILES
12.1. AIREDALE CHEMICAL
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. ECOLAB INC.
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. ENVIRO TECH CHEMICAL SERVICES
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. EVONIK INDUSTRIES AG
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. JUBILANT LIFE SCIENCES
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. KEMIRA OYJ
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. MITSUBISHI GAS CHEMICAL COMPANY
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. NATIONAL PEROXIDE LTD.
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. PEROXYCHEM
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. SOLVAY SA
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. Airedale Chemical
2. Ecolab Inc.
3. Enviro Tech Chemical Services
4. Evonik Industries Ag
5. Jubilant Life Sciences
6. Kemira Oyj
7. Mitsubishi Gas Chemical Company
8. National Peroxide Ltd.
9. Peroxychem
10. Solvay SA
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.
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