Pigments and Dyes Market [2021-2031] - Size and Share
The Pigments and Dyes Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Pigments and Dyes Market covers analysis by Type of Dyes (Acid dyes, VAT dyes, Disperse dyes, Reactive dyes, Direct dyes); Pigments Type (Organic pigments, Inorganic pigments, Titanium dioxide pigments); End-user Industry (Automotive, Construction, Chemicals, Textile, Leather, Paper, Paints and Coatings), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Pigments and dyes are substances that are used to add color to various materials like paints, plastics, textiles, inks, and more. Pigments are insoluble in the medium in which they are used, and they provide color by reflecting light. Dyes, on the other hand, are soluble in the medium and provide color by absorbing light.
Purpose of the ReportThe report Pigments and Dyes 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.
Pigments and Dyes Market Segmentation
Type of Dyes- Acid dyes
- VAT dyes
- Disperse dyes
- Reactive dyes
- Direct dyes
- Organic pigments
- Inorganic pigments
- Titanium dioxide pigments
- Automotive
- Construction
- Chemicals
- Textile
- Leather
- Paper
- Paints and Coatings
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Pigments and Dyes Market Growth Drivers- Rising Demand for High-Quality Pigments and Dyes in Textile Industry: Textile use of pigments and dyes is substantial because they provide attractive colors for fabrics with high fastness. With an expanding global textile industry driven by increasing demand for clothing and home textiles, there continues to be a growing requirement for high-quality pigments and dyes, especially in emerging economies.
- Rising Demand from Automotive Coatings: Pigments and dyes form the aesthetic and protective components of automotive coatings. While global demand for automobiles is mushrooming, in particular in developing regions, automotive industry thus leads the pigments and dyes market, especially in high-performance and environmentally-friendly coatings.
- Sustainability Trends Boost Demand for Eco-Friendly Pigments and Dyes: The focus on sustainability in various industries is on the rise, coupled with a higher demand for eco-friendly pigments and dyes. Biodegradable, non-toxic, and low-VOC alternatives in products like textiles, paints, and cosmetics are increasingly preferred by consumers and companies, thereby boosting their demand for ecologically friendly pigments and dyes.
- Booming Opportunities for Bio-Based and Natural Pigments: With every growth in sustainability, the production of bio-based and natural pigments and dyes is a growing trend. Derived from renewable resources, the eco-friendly alternatives present a sustainable solution to the environmental challenges associated with synthetic pigments and dyes, which resonate with global demand for greener products.
- Technological Advancements Enhance Efficiency and Color Quality of Pigments and Dyes: Improvements in pigment and dye manufacturing technologies, like nanotechnology and digital printing techniques, are improving the efficiency, performance, and color quality of these products. Thee allow, for example, applied colors in textiles, car coatings, and printing that are lively and accurate in their reproduction, hence helping market growth.
- Rising Demand for Specialty Dyes: Specialty dyes with function, such as UV protection, antimicrobial activity, and heat resistance, are gaining greater demand. Thee new and innovative dyes are used from activewear and medical textiles to packaging and automotive coatings. This brings into the market new possibilities of pigments and dyes.
- Sustainable Fashion Drives Demand for Eco-Friendly Pigments and Dyes: Growing consumer preference for sustainable and eco-friendly fashion presents an enormous opportunity for pigments and dyes markets. As brands market organic, recycled, and eco-conscious materials, they will focus more on natural and biodegradable pigments and dyes. This will open up growth opportunities in sustainable textile production.
- High-Performance Coatings in Construction Boost Pigments and Dyes Market: Increased demand for high-performance coatings in the construction industry offers an avenue for growth for pigments and dyes in coatings. Thee coatings offer enhanced durability, aesthetics, and protection against environmental factors; their manufacture requires specialized pigments and dyes, mainly in the building and infrastructure sector.
- Growing Demand for Innovative Beauty Products: Pigments and dyes are critical to the cosmetics and personal care market, with applications found in products, such as makeup, skincare, and hair color. Growing consumer interest in high-performance innovative beauty products based on the trend in customization and natural formulations stands to be the growth opportunity for suppliers of pigments and dyes in the cosmetics sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pigments and Dyes 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 Pigments and Dyes 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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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Growing demand for bio-based pigments and dyes is an emerging trend in the market.
The Asia Pacific market is expected to account for the highest CAGR during the forecast period owing to the growing textile industry in the region.
The organic pigment type segment accounted for the largest market share in 2023
Growing demand for textiles is a key driver in the market.
ALTANA AG, BASF SE, Clariant AG, DIC Corporation, Ferro Corporation, Flint Group, Huntsman Corporation, Lanxess Aktiengesellschaft, Sudarshan Chemical Industries Limited, and The Chemours Company are some of the key players in the market.
The Pigments and Dyes Market is estimated to witness a CAGR of 5% 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 Pigments And Dyes Market - By Type of Dyes
1.3.2 Pigments And Dyes Market - By Pigments Type
1.3.3 Pigments And Dyes Market - By End-user Industry
1.3.4 Pigments And Dyes Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PIGMENTS AND DYES 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. PIGMENTS AND DYES 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. PIGMENTS AND DYES MARKET - GLOBAL MARKET ANALYSIS
6.1. PIGMENTS AND DYES - GLOBAL MARKET OVERVIEW
6.2. PIGMENTS AND DYES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PIGMENTS AND DYES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF DYES
7.1. OVERVIEW
7.2. TYPE OF DYES MARKET FORECASTS AND ANALYSIS
7.3. ACID DYES
7.3.1. Overview
7.3.2. Acid dyes Market Forecast and Analysis
7.4. VAT DYES
7.4.1. Overview
7.4.2. VAT dyes Market Forecast and Analysis
7.5. DISPERSE DYES
7.5.1. Overview
7.5.2. Disperse dyes Market Forecast and Analysis
7.6. REACTIVE DYES
7.6.1. Overview
7.6.2. Reactive dyes Market Forecast and Analysis
7.7. DIRECT DYES
7.7.1. Overview
7.7.2. Direct dyes Market Forecast and Analysis
8. PIGMENTS AND DYES MARKET - REVENUE AND FORECASTS TO 2028 - PIGMENTS TYPE
8.1. OVERVIEW
8.2. PIGMENTS TYPE MARKET FORECASTS AND ANALYSIS
8.3. ORGANIC PIGMENTS
8.3.1. Overview
8.3.2. Organic pigments Market Forecast and Analysis
8.4. INORGANIC PIGMENTS
8.4.1. Overview
8.4.2. Inorganic pigments Market Forecast and Analysis
8.5. TITANIUM DIOXIDE PIGMENTS
8.5.1. Overview
8.5.2. Titanium dioxide pigments Market Forecast and Analysis
9. PIGMENTS AND DYES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
9.1. OVERVIEW
9.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. CONSTRUCTION
9.4.1. Overview
9.4.2. Construction Market Forecast and Analysis
9.5. CHEMICALS
9.5.1. Overview
9.5.2. Chemicals Market Forecast and Analysis
9.6. TEXTILE
9.6.1. Overview
9.6.2. Textile Market Forecast and Analysis
9.7. LEATHER
9.7.1. Overview
9.7.2. Leather Market Forecast and Analysis
9.8. PAPER
9.8.1. Overview
9.8.2. Paper Market Forecast and Analysis
9.9. PAINTS AND COATINGS
9.9.1. Overview
9.9.2. Paints and Coatings Market Forecast and Analysis
10. PIGMENTS AND DYES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Pigments And Dyes Market Overview
10.1.2 North America Pigments And Dyes Market Forecasts and Analysis
10.1.3 North America Pigments And Dyes Market Forecasts and Analysis - By Type of Dyes
10.1.4 North America Pigments And Dyes Market Forecasts and Analysis - By Pigments Type
10.1.5 North America Pigments And Dyes Market Forecasts and Analysis - By End-user Industry
10.1.6 North America Pigments And Dyes Market Forecasts and Analysis - By Countries
10.1.6.1 United States Pigments And Dyes Market
10.1.6.1.1 United States Pigments And Dyes Market by Type of Dyes
10.1.6.1.2 United States Pigments And Dyes Market by Pigments Type
10.1.6.1.3 United States Pigments And Dyes Market by End-user Industry
10.1.6.2 Canada Pigments And Dyes Market
10.1.6.2.1 Canada Pigments And Dyes Market by Type of Dyes
10.1.6.2.2 Canada Pigments And Dyes Market by Pigments Type
10.1.6.2.3 Canada Pigments And Dyes Market by End-user Industry
10.1.6.3 Mexico Pigments And Dyes Market
10.1.6.3.1 Mexico Pigments And Dyes Market by Type of Dyes
10.1.6.3.2 Mexico Pigments And Dyes Market by Pigments Type
10.1.6.3.3 Mexico Pigments And Dyes Market by End-user Industry
10.2. EUROPE
10.2.1 Europe Pigments And Dyes Market Overview
10.2.2 Europe Pigments And Dyes Market Forecasts and Analysis
10.2.3 Europe Pigments And Dyes Market Forecasts and Analysis - By Type of Dyes
10.2.4 Europe Pigments And Dyes Market Forecasts and Analysis - By Pigments Type
10.2.5 Europe Pigments And Dyes Market Forecasts and Analysis - By End-user Industry
10.2.6 Europe Pigments And Dyes Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Pigments And Dyes Market
10.2.6.1.1 Germany Pigments And Dyes Market by Type of Dyes
10.2.6.1.2 Germany Pigments And Dyes Market by Pigments Type
10.2.6.1.3 Germany Pigments And Dyes Market by End-user Industry
10.2.6.2 France Pigments And Dyes Market
10.2.6.2.1 France Pigments And Dyes Market by Type of Dyes
10.2.6.2.2 France Pigments And Dyes Market by Pigments Type
10.2.6.2.3 France Pigments And Dyes Market by End-user Industry
10.2.6.3 Italy Pigments And Dyes Market
10.2.6.3.1 Italy Pigments And Dyes Market by Type of Dyes
10.2.6.3.2 Italy Pigments And Dyes Market by Pigments Type
10.2.6.3.3 Italy Pigments And Dyes Market by End-user Industry
10.2.6.4 United Kingdom Pigments And Dyes Market
10.2.6.4.1 United Kingdom Pigments And Dyes Market by Type of Dyes
10.2.6.4.2 United Kingdom Pigments And Dyes Market by Pigments Type
10.2.6.4.3 United Kingdom Pigments And Dyes Market by End-user Industry
10.2.6.5 Russia Pigments And Dyes Market
10.2.6.5.1 Russia Pigments And Dyes Market by Type of Dyes
10.2.6.5.2 Russia Pigments And Dyes Market by Pigments Type
10.2.6.5.3 Russia Pigments And Dyes Market by End-user Industry
10.2.6.6 Rest of Europe Pigments And Dyes Market
10.2.6.6.1 Rest of Europe Pigments And Dyes Market by Type of Dyes
10.2.6.6.2 Rest of Europe Pigments And Dyes Market by Pigments Type
10.2.6.6.3 Rest of Europe Pigments And Dyes Market by End-user Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Pigments And Dyes Market Overview
10.3.2 Asia-Pacific Pigments And Dyes Market Forecasts and Analysis
10.3.3 Asia-Pacific Pigments And Dyes Market Forecasts and Analysis - By Type of Dyes
10.3.4 Asia-Pacific Pigments And Dyes Market Forecasts and Analysis - By Pigments Type
10.3.5 Asia-Pacific Pigments And Dyes Market Forecasts and Analysis - By End-user Industry
10.3.6 Asia-Pacific Pigments And Dyes Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Pigments And Dyes Market
10.3.6.1.1 Australia Pigments And Dyes Market by Type of Dyes
10.3.6.1.2 Australia Pigments And Dyes Market by Pigments Type
10.3.6.1.3 Australia Pigments And Dyes Market by End-user Industry
10.3.6.2 China Pigments And Dyes Market
10.3.6.2.1 China Pigments And Dyes Market by Type of Dyes
10.3.6.2.2 China Pigments And Dyes Market by Pigments Type
10.3.6.2.3 China Pigments And Dyes Market by End-user Industry
10.3.6.3 India Pigments And Dyes Market
10.3.6.3.1 India Pigments And Dyes Market by Type of Dyes
10.3.6.3.2 India Pigments And Dyes Market by Pigments Type
10.3.6.3.3 India Pigments And Dyes Market by End-user Industry
10.3.6.4 Japan Pigments And Dyes Market
10.3.6.4.1 Japan Pigments And Dyes Market by Type of Dyes
10.3.6.4.2 Japan Pigments And Dyes Market by Pigments Type
10.3.6.4.3 Japan Pigments And Dyes Market by End-user Industry
10.3.6.5 South Korea Pigments And Dyes Market
10.3.6.5.1 South Korea Pigments And Dyes Market by Type of Dyes
10.3.6.5.2 South Korea Pigments And Dyes Market by Pigments Type
10.3.6.5.3 South Korea Pigments And Dyes Market by End-user Industry
10.3.6.6 Rest of Asia-Pacific Pigments And Dyes Market
10.3.6.6.1 Rest of Asia-Pacific Pigments And Dyes Market by Type of Dyes
10.3.6.6.2 Rest of Asia-Pacific Pigments And Dyes Market by Pigments Type
10.3.6.6.3 Rest of Asia-Pacific Pigments And Dyes Market by End-user Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Pigments And Dyes Market Overview
10.4.2 Middle East and Africa Pigments And Dyes Market Forecasts and Analysis
10.4.3 Middle East and Africa Pigments And Dyes Market Forecasts and Analysis - By Type of Dyes
10.4.4 Middle East and Africa Pigments And Dyes Market Forecasts and Analysis - By Pigments Type
10.4.5 Middle East and Africa Pigments And Dyes Market Forecasts and Analysis - By End-user Industry
10.4.6 Middle East and Africa Pigments And Dyes Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Pigments And Dyes Market
10.4.6.1.1 South Africa Pigments And Dyes Market by Type of Dyes
10.4.6.1.2 South Africa Pigments And Dyes Market by Pigments Type
10.4.6.1.3 South Africa Pigments And Dyes Market by End-user Industry
10.4.6.2 Saudi Arabia Pigments And Dyes Market
10.4.6.2.1 Saudi Arabia Pigments And Dyes Market by Type of Dyes
10.4.6.2.2 Saudi Arabia Pigments And Dyes Market by Pigments Type
10.4.6.2.3 Saudi Arabia Pigments And Dyes Market by End-user Industry
10.4.6.3 U.A.E Pigments And Dyes Market
10.4.6.3.1 U.A.E Pigments And Dyes Market by Type of Dyes
10.4.6.3.2 U.A.E Pigments And Dyes Market by Pigments Type
10.4.6.3.3 U.A.E Pigments And Dyes Market by End-user Industry
10.4.6.4 Rest of Middle East and Africa Pigments And Dyes Market
10.4.6.4.1 Rest of Middle East and Africa Pigments And Dyes Market by Type of Dyes
10.4.6.4.2 Rest of Middle East and Africa Pigments And Dyes Market by Pigments Type
10.4.6.4.3 Rest of Middle East and Africa Pigments And Dyes Market by End-user Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Pigments And Dyes Market Overview
10.5.2 South and Central America Pigments And Dyes Market Forecasts and Analysis
10.5.3 South and Central America Pigments And Dyes Market Forecasts and Analysis - By Type of Dyes
10.5.4 South and Central America Pigments And Dyes Market Forecasts and Analysis - By Pigments Type
10.5.5 South and Central America Pigments And Dyes Market Forecasts and Analysis - By End-user Industry
10.5.6 South and Central America Pigments And Dyes Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Pigments And Dyes Market
10.5.6.1.1 Brazil Pigments And Dyes Market by Type of Dyes
10.5.6.1.2 Brazil Pigments And Dyes Market by Pigments Type
10.5.6.1.3 Brazil Pigments And Dyes Market by End-user Industry
10.5.6.2 Argentina Pigments And Dyes Market
10.5.6.2.1 Argentina Pigments And Dyes Market by Type of Dyes
10.5.6.2.2 Argentina Pigments And Dyes Market by Pigments Type
10.5.6.2.3 Argentina Pigments And Dyes Market by End-user Industry
10.5.6.3 Rest of South and Central America Pigments And Dyes Market
10.5.6.3.1 Rest of South and Central America Pigments And Dyes Market by Type of Dyes
10.5.6.3.2 Rest of South and Central America Pigments And Dyes Market by Pigments Type
10.5.6.3.3 Rest of South and Central America Pigments And Dyes Market by End-user Industry
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. PIGMENTS AND DYES MARKET, KEY COMPANY PROFILES
12.1. ALTANA AG
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BASF SE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CLARIANT AG
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. DIC CORPORATION
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. FERRO CORPORATION
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. FLINT GROUP
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. HUNTSMAN CORPORATION
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. LANXESS AKTIENGESELLSCHAFT
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. SUDARSHAN CHEMICAL INDUSTRIES LIMITED
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. THE CHEMOURS COMPANY
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
The List of Companies
- ALTANA AG
- BASF SE
- Clariant AG
- DIC Corporation
- Ferro Corporation
- Flint Group
- Huntsman Corporation
- Lanxess Aktiengesellschaft
- Sudarshan Chemical Industries Limited
- The Chemours Company
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.