Polyphosphoric Acid (PPA) Market - Size, Share, and Forecast [2021-2031]
The Polyphosphoric Acid (PPA) Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The polyphosphoric acid market report is segmented by functions (dehydrating agent, catalysts, and others). The market is segmented based on application (chemicals, polymers and plastics, petrochemicals, 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 Polyphosphoric Acid (PPA) 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.
Polyphosphoric Acid (PPA) Market Segmentation
Functions- Dehydrating Agent
- Catalysts
- Chemicals
- Polymers and Plastics
- Petrochemicals
Strategic Insights
Polyphosphoric Acid (PPA) Market Growth Drivers- Rising Demand for Polyphosphoric Acid from Agricultural, Flame Retardant, and Plastic Applications: Polyphosphoric acids are used as important intermediates in the chemical industry building a myriad phosphate-based chemicals such as organophosphates and flame retardants. The growing concerns of obtaining quality chemicals in sectors that include but are not limited to agriculture (fertilizers, pesticides), flame retardants, and plastic applications are the wants driving the market for polyphosphoric acid. Further, the demand from emerging economies is anticipated to grow as industrialization expands into other parts of the world. It is during this period that the demand for PPA in these applications is expected to keep on increasing, thus contributing to market growth.
- Polyphosphoric Acid Powers Flame Retardant Production in Construction, Automotive, and Electronics Sectors: Flame retardants are used in making products from different industries including construction, automotive, textiles, and electronics, to make products less flammable. Polyphosphoric acid has become a key raw material in the production of flame retardants like phosphate esters. The figures with respect to demand for these fire retardant materials have been on a growth trend in the midst of heightened concerns regarding fire safety and stricter regulations that would relate to this area. Demand is, therefore, expected to increase for PPA with safety issues becoming more pertinent in the construction and electronics industries.
- Polyphosphoric Acid's Role in Fertilizer Production: Polyphosphoric acid is also used in making a variety of fertilizers generally liquid fertilizers and soil conditioners. Global food production should keep pace with the population increase, which is why there has been a high demand for quality fertilizers. PPA is an important chemical for the manufacture of phosphorus-based fertilizers, which play a significant role in increasing agricultural production. Becoming not only wider but also deeper in regions such as Asia Pacific, Latin America, and Africa, the agricultural industry will continue to drive market demand growth for polyphosphoric acid because of fertilizer efficiency improvement it brings the majority.
- Bio-Based Phosphorus Compounds for Polyphosphoric Acid Production: The growing emphasis on sustainability necessitates the increasing attention paid by many agencies to research on bio-based and green alternatives of traditional chemical processes. The important trend that polyphosphoric acid market observes through these developments is that researchers are exploring and developing bio-based phosphorus compounds for more sustainable alternatives. Their work focuses on increasing the efficiency of phosphorus recovery and developing greener processing routes for production of PPA. Such a movement toward bio-based alternatives would almost certainly put a new shape on the future polyphosphoric acid market, as manufacturers and industries plan on really greening out the environmental foot print.
- Polyphosphoric Acid's Role in Safer, Greener Technologies: Emerging as a notable trend is the high demand growth for latest development in flame retardant technologies and innovations among others towards performance enhancement efficiency and environment of flame retardants. One of the important components of these innovative flame retardants is polyphosphoric acid, because of the gradually more stringent regulations on fire safety, high performance, non-toxic, and low environmental impact flame retardants develop new applications of PPA. The whole trend towards better safety and efficiency in flame retardants is likely to give further impetus to the potential increase in polyphosphoric acid in such specialized markets as electronics, automotive, and construction.
- Polyphosphoric Acid's Emerging Role in Energy Storage and Clean Energy Technologies: This is the novel prospective integration of most polyphosphoric acids into emerging technologies, including areas such as battery manufacturing and energy storage. PPA is already in use in some lithography processes of lithium-ion batteries for better functioning and stability of the cells. Now, the heat is on to improve the storage solutions of engineering applications since the drive for clean energy all over the world and for electric vehicles (EVs) and renewable energy systems continues to grow. Applications of polyphosphoric acid toward energy storage systems and further new energy applications could be important drivers of growth for the near future.
- Advancing Agricultural Productivity and Sustainable Fertilizers: Advancement of the world population in a more significant way in the future would provide polyphosphoric acid with a tremendous opportunity to assume a critical place in boosting agricultural productivity. Demand for fertilizers is anticipated to escalate because of the rising need for food. High-efficiency fertilizers, produced using polyphosphoric acid, form an integral part of the modernized way of cultivating crops. With the advancement in agriculture measured by the precision farming techniques and sustainable practices, such polyphosphoric-acid-based fertilizers would remain core to agriculture supply chains for long-term growth prospects in the PPA space.
- Emerging Markets in Asia-Pacific, Latin America, and Africa Fuel Polyphosphoric Acid Demand: Emerging markets generally located in Asia-Pacific, Latin America, and Africa are the most attractive locations for growth opportunities in the polyphosphoric acid market. Rapid industrialization, urbanization, and agricultural development in these regions increase steadily the demand for chemicals, fertilizers, and flame retardants. Such markets would require polyphosphoric acid to meet local needs for agriculture, construction, and electronics. Companies that have expanded production capabilities and have optimized their supply chain to include these emerging markets will be in a strong position to benefit from the increased demand for PPA.
- Asia-Pacific Leads Polyphosphoric Acid Market Growth, Driven by Electronics, Automotive, and Renewable Energy: Asia-Pacific is expected to emerge as the major market region in the polyphosphoric acid market segments particularly in considering the advantages presented by electronics and automotive applications in flame retardants and other specialty chemicals. Apart from these, the increased demand from consumers for electronic or automotive components and available renewable energy technologies, like electric vehicles, is inducing the increased need for developing high-performance, fire-resistant materials; polyphosphoric acid significantly also comes into the frame when it comes to manufacturing these flame-retardants for the mentioned industries. Further, the increasing ramp of electric vehicles and improvement in battery technology will also usher in another door for opportunities to the manufacturers via applications in improving battery performance and energy storage.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Polyphosphoric Acid (PPA) 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 Polyphosphoric Acid (PPA) 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
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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
Shift toward sustainable and bio-based alternatives are expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the polyphosphoric acid market due to the strong growth of the chemicals industry in the region.
Based on application, the chemicals segment is expected to witness the fastest growth during the forecast period.
Increasing demand in the chemicals industry are driving the market growth.
Clariant International Ltd, Lanxess AG, Arkema SA, Israel Chemicals Ltd, Prasol Chemicals Limited, Innophos Holding Inc, SMC Global, Magnum International Inc, Merck KGaA, and Nippon Chemical Industrial CO LTD are the key players operating in the polyphosphoric acid market.
The Polyphosphoric Acid (PPA) Market is estimated to witness a CAGR of 4% 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 Polyphosphoric Acid (PPA) Market - By Function
1.3.2 Polyphosphoric Acid (PPA) Market - By Application
1.3.3 Polyphosphoric Acid (PPA) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYPHOSPHORIC ACID (PPA) 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. POLYPHOSPHORIC ACID (PPA) 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. POLYPHOSPHORIC ACID (PPA) MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYPHOSPHORIC ACID (PPA) - GLOBAL MARKET OVERVIEW
6.2. POLYPHOSPHORIC ACID (PPA) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. POLYPHOSPHORIC ACID (PPA) MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
7.1. OVERVIEW
7.2. FUNCTION MARKET FORECASTS AND ANALYSIS
7.3. CATALYST
7.3.1. Overview
7.3.2. Catalyst Market Forecast and Analysis
7.4. ORGANIC CHEMICAL SYNTHESIS
7.4.1. Overview
7.4.2. Organic Chemical Synthesis Market Forecast and Analysis
7.5. DRYING AGENT
7.5.1. Overview
7.5.2. Drying Agent Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. POLYPHOSPHORIC ACID (PPA) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CHEMICALS
8.3.1. Overview
8.3.2. Chemicals Market Forecast and Analysis
8.4. POLYMERS AND PLASTICS
8.4.1. Overview
8.4.2. Polymers and Plastics Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. POLYPHOSPHORIC ACID (PPA) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polyphosphoric Acid (PPA) Market Overview
9.1.2 North America Polyphosphoric Acid (PPA) Market Forecasts and Analysis
9.1.3 North America Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Function
9.1.4 North America Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Application
9.1.5 North America Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polyphosphoric Acid (PPA) Market
9.1.5.1.1 United States Polyphosphoric Acid (PPA) Market by Function
9.1.5.1.2 United States Polyphosphoric Acid (PPA) Market by Application
9.1.5.2 Canada Polyphosphoric Acid (PPA) Market
9.1.5.2.1 Canada Polyphosphoric Acid (PPA) Market by Function
9.1.5.2.2 Canada Polyphosphoric Acid (PPA) Market by Application
9.1.5.3 Mexico Polyphosphoric Acid (PPA) Market
9.1.5.3.1 Mexico Polyphosphoric Acid (PPA) Market by Function
9.1.5.3.2 Mexico Polyphosphoric Acid (PPA) Market by Application
9.2. EUROPE
9.2.1 Europe Polyphosphoric Acid (PPA) Market Overview
9.2.2 Europe Polyphosphoric Acid (PPA) Market Forecasts and Analysis
9.2.3 Europe Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Function
9.2.4 Europe Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Application
9.2.5 Europe Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polyphosphoric Acid (PPA) Market
9.2.5.1.1 Germany Polyphosphoric Acid (PPA) Market by Function
9.2.5.1.2 Germany Polyphosphoric Acid (PPA) Market by Application
9.2.5.2 France Polyphosphoric Acid (PPA) Market
9.2.5.2.1 France Polyphosphoric Acid (PPA) Market by Function
9.2.5.2.2 France Polyphosphoric Acid (PPA) Market by Application
9.2.5.3 Italy Polyphosphoric Acid (PPA) Market
9.2.5.3.1 Italy Polyphosphoric Acid (PPA) Market by Function
9.2.5.3.2 Italy Polyphosphoric Acid (PPA) Market by Application
9.2.5.4 United Kingdom Polyphosphoric Acid (PPA) Market
9.2.5.4.1 United Kingdom Polyphosphoric Acid (PPA) Market by Function
9.2.5.4.2 United Kingdom Polyphosphoric Acid (PPA) Market by Application
9.2.5.5 Russia Polyphosphoric Acid (PPA) Market
9.2.5.5.1 Russia Polyphosphoric Acid (PPA) Market by Function
9.2.5.5.2 Russia Polyphosphoric Acid (PPA) Market by Application
9.2.5.6 Rest of Europe Polyphosphoric Acid (PPA) Market
9.2.5.6.1 Rest of Europe Polyphosphoric Acid (PPA) Market by Function
9.2.5.6.2 Rest of Europe Polyphosphoric Acid (PPA) Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polyphosphoric Acid (PPA) Market Overview
9.3.2 Asia-Pacific Polyphosphoric Acid (PPA) Market Forecasts and Analysis
9.3.3 Asia-Pacific Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Function
9.3.4 Asia-Pacific Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polyphosphoric Acid (PPA) Market
9.3.5.1.1 Australia Polyphosphoric Acid (PPA) Market by Function
9.3.5.1.2 Australia Polyphosphoric Acid (PPA) Market by Application
9.3.5.2 China Polyphosphoric Acid (PPA) Market
9.3.5.2.1 China Polyphosphoric Acid (PPA) Market by Function
9.3.5.2.2 China Polyphosphoric Acid (PPA) Market by Application
9.3.5.3 India Polyphosphoric Acid (PPA) Market
9.3.5.3.1 India Polyphosphoric Acid (PPA) Market by Function
9.3.5.3.2 India Polyphosphoric Acid (PPA) Market by Application
9.3.5.4 Japan Polyphosphoric Acid (PPA) Market
9.3.5.4.1 Japan Polyphosphoric Acid (PPA) Market by Function
9.3.5.4.2 Japan Polyphosphoric Acid (PPA) Market by Application
9.3.5.5 South Korea Polyphosphoric Acid (PPA) Market
9.3.5.5.1 South Korea Polyphosphoric Acid (PPA) Market by Function
9.3.5.5.2 South Korea Polyphosphoric Acid (PPA) Market by Application
9.3.5.6 Rest of Asia-Pacific Polyphosphoric Acid (PPA) Market
9.3.5.6.1 Rest of Asia-Pacific Polyphosphoric Acid (PPA) Market by Function
9.3.5.6.2 Rest of Asia-Pacific Polyphosphoric Acid (PPA) Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polyphosphoric Acid (PPA) Market Overview
9.4.2 Middle East and Africa Polyphosphoric Acid (PPA) Market Forecasts and Analysis
9.4.3 Middle East and Africa Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Function
9.4.4 Middle East and Africa Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polyphosphoric Acid (PPA) Market
9.4.5.1.1 South Africa Polyphosphoric Acid (PPA) Market by Function
9.4.5.1.2 South Africa Polyphosphoric Acid (PPA) Market by Application
9.4.5.2 Saudi Arabia Polyphosphoric Acid (PPA) Market
9.4.5.2.1 Saudi Arabia Polyphosphoric Acid (PPA) Market by Function
9.4.5.2.2 Saudi Arabia Polyphosphoric Acid (PPA) Market by Application
9.4.5.3 U.A.E Polyphosphoric Acid (PPA) Market
9.4.5.3.1 U.A.E Polyphosphoric Acid (PPA) Market by Function
9.4.5.3.2 U.A.E Polyphosphoric Acid (PPA) Market by Application
9.4.5.4 Rest of Middle East and Africa Polyphosphoric Acid (PPA) Market
9.4.5.4.1 Rest of Middle East and Africa Polyphosphoric Acid (PPA) Market by Function
9.4.5.4.2 Rest of Middle East and Africa Polyphosphoric Acid (PPA) Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polyphosphoric Acid (PPA) Market Overview
9.5.2 South and Central America Polyphosphoric Acid (PPA) Market Forecasts and Analysis
9.5.3 South and Central America Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Function
9.5.4 South and Central America Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Application
9.5.5 South and Central America Polyphosphoric Acid (PPA) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polyphosphoric Acid (PPA) Market
9.5.5.1.1 Brazil Polyphosphoric Acid (PPA) Market by Function
9.5.5.1.2 Brazil Polyphosphoric Acid (PPA) Market by Application
9.5.5.2 Argentina Polyphosphoric Acid (PPA) Market
9.5.5.2.1 Argentina Polyphosphoric Acid (PPA) Market by Function
9.5.5.2.2 Argentina Polyphosphoric Acid (PPA) Market by Application
9.5.5.3 Rest of South and Central America Polyphosphoric Acid (PPA) Market
9.5.5.3.1 Rest of South and Central America Polyphosphoric Acid (PPA) Market by Function
9.5.5.3.2 Rest of South and Central America Polyphosphoric Acid (PPA) 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. POLYPHOSPHORIC ACID (PPA) MARKET, KEY COMPANY PROFILES
11.1. CLARIANT
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. ARKEMA GROUP
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. MERCK KGAA
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. PRASOL CHEMICALS PVT. LTD.
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. LANXESS AG
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. SMC GLOBAL
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. YUNNAN TIANYAO CHEMICAL CO., LTD.
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. SPECIAL MATERIALS COMPANY
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. ICL GROUP
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. AVANSCHEM PVT 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
1.Clariant
2.Arkema Group
3.Merck KGaA
4.Prasol Chemicals Pvt. Ltd.
5.Lanxess AG
6.SMC Global
7.Yunnan Tianyao Chemical Co., Ltd.
8.Special Materials Company
9.ICL Group
10.Avanschem Pvt Ltd.
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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