Silicone Oil Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Coverage: Silicone Oil Market covers analysis By Type (Straight Silicone Oil and Modified Silicone Oil), Function (Lubricants, Water Repulsion, Heat Carrier, Working Media, and Others), and End-User (Industrial, Home Care, Personal Care, Transportation, Pharmaceuticals & Healthcare, Electrical & Electronics, Sealants, and Others)

  • Report Code : TIPRE00003572
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Silicone Oil Market 2021-2031: Market Share and Forecast

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The Silicone Oil Market is expected to register a CAGR of 8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report presents analysis based on type (straight silicone oil and modified silicone oil). The report is segmented by function (lubricants, water repulsion, heat carrier, working media, and others). The report is segmented by end-use (industrial, home care, personal care, transportation, pharmaceuticals and healthcare, electrical and electronics, sealants, 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 Silicone Oil 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.

Silicone Oil Market Segmentation

Type
  • Straight Silicone Oil and Modified Silicone Oil
Function
  • Lubricants
  • Water Repulsion
  • Heat Carrier
  • Working Media
End-Use
  • Industrial
  • Home Care
  • Personal Care
  • Transportation
  • Pharmaceuticals and Healthcare
  • Electrical and Electronics
  • Sealants
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Silicone Oil Market Growth Drivers
  • Growing Demand in Automotive Applications: Silicone oils are widely used as lubricants and hydraulic fluids in automotive applications, particularly for automotive transmission and engine systems. With the increase in vehicle production, particularly electric vehicles that require advanced thermal management systems, the silicone oil market is expected to grow.
  • Expansion in the Cosmetics and Personal Care Industry: Silicone oils are commonly used in cosmetics and personal care products for their smooth application, shine, and non-greasy texture. As the demand for high-quality, long-lasting personal care products rises globally, particularly in emerging markets, silicone oils will experience increased demand.
  • Increased Use in Industrial Applications: Silicone oils are used in various industrial applications, including in textiles, lubricants, and machinery. With the ongoing industrialization, particularly in emerging economies, the demand for silicone oils for use in high-performance applications such as heat transfer, lubrication, and protection is expected to rise.
Silicone Oil Market Future Trends
  • Expanding Use in High-Performance Lubricants and Fluids: Silicone oils are increasingly used in applications requiring high-performance lubricants and heat transfer fluids, such as in industrial machinery, electric vehicles, and consumer electronics. With industries focusing on greater efficiency and durability, silicone oils will continue to experience growing demand in these applications.
  • Increased Adoption in Personal Care and Cosmetics: Silicone oils are valued in the personal care and cosmetics industries for their ability to create smooth, non-greasy textures and long-lasting effects in products such as hair conditioners, skin lotions, and makeup. With the growing trend toward high-quality, long-lasting beauty products, the silicone oil market will continue to expand.
  • Rising Demand in Electronics Cooling Systems: With the rapid advancements in electronics, particularly in high-performance devices such as smartphones, computers, and data centers, silicone oils are increasingly used in cooling systems due to their thermal stability and low volatility. As electronics become more complex and require enhanced cooling, silicone oil applications are expected to rise.
Silicone Oil Market Opportunities
  • Growing Demand in Electric Vehicle Cooling Systems: Silicone oils, due to their high thermal stability, are ideal for use in electric vehicle (EV) battery cooling systems. As the EV market grows, the demand for silicone oils in vehicle thermal management will increase, presenting a major opportunity for suppliers in this rapidly expanding sector.
  • Increased Usage in Personal Care and Cosmetics: Silicone oils are highly valued in personal care products for their smooth, non-greasy texture and long-lasting effects. As consumers increasingly seek high-quality beauty and skincare products, the silicone oil market stands to benefit from growing demand in cosmetics and personal care formulations.
  • Expansion of Industrial Lubrication and Processing Applications: Silicone oils are used in a wide range of industrial applications, including lubricants, hydraulic fluids, and heat transfer fluids, due to their superior performance in extreme temperatures. With growing industrialization in emerging markets and the ongoing demand for high-performance lubricants, the silicone oil market is poised for significant growth.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Silicone Oil 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 Silicone Oil Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the Silicone Oil Market?

The Silicone Oil Market is estimated to witness a CAGR of 8% from 2023 to 2031

What are the driving factors impacting the silicone oil market?

Growing demand in automotive applications is driving the market growth.

What are the key players operating in the silicone oil market?

Dow; Wacker Chemie AG; Shin-Etsu Chemical Co., Ltd.; Momentive; CHT Germany GmbH; BRB International B.V.; Elkem ASA; IOTA silicone; Clearco Products Co., Inc.; and Aurolab are some of the key players operating in the silicone oil market

Which is the fastest growing segment based on type?

Based on type, the modified silicone oil segment is expected to witness the fastest growth during the forecast period

Based on geography, which region held the largest share of the silicone oil market?

Based on geography, Asia Pacific held the largest share of the silicone oil market, as the region has a strong manufacturing base, particularly in key industries such as electronics, automotive, and construction. Major countries like China, Japan, and South Korea are not only leading producers but also significant consumers of silicone oils.

What is the future trend for the silicone oil market?

Expanding use in high-performance lubricants and fluids is expected to be the key market trends.

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 Silicone Oil Market - By End-User Industry
1.3.2 Silicone Oil Market - By Application
1.3.3 Silicone Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SILICONE OIL 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. SILICONE OIL 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. SILICONE OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. SILICONE OIL - GLOBAL MARKET OVERVIEW
6.2. SILICONE OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SILICONE OIL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
7.1. OVERVIEW
7.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL
7.3.1. Overview
7.3.2. Industrial Market Forecast and Analysis
7.4. PERSONAL CARE AND HOMECARE
7.4.1. Overview
7.4.2. Personal Care and Homecare Market Forecast and Analysis
7.5. TEXTILE
7.5.1. Overview
7.5.2. Textile Market Forecast and Analysis
7.6. ENERGY
7.6.1. Overview
7.6.2. Energy Market Forecast and Analysis
7.7. AUTOMOTIVE AND TRANSPORTATION
7.7.1. Overview
7.7.2. Automotive and Transportation Market Forecast and Analysis
7.8. AGRICULTURE
7.8.1. Overview
7.8.2. Agriculture Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. SILICONE OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. LUBRICANTS
8.3.1. Overview
8.3.2. Lubricants Market Forecast and Analysis
8.4. WATER REPELLANTS
8.4.1. Overview
8.4.2. Water Repellants Market Forecast and Analysis
8.5. WORKING MEDIA
8.5.1. Overview
8.5.2. Working Media Market Forecast and Analysis
8.6. HEAT CARRIER
8.6.1. Overview
8.6.2. Heat Carrier Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SILICONE OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Silicone Oil Market Overview
9.1.2 North America Silicone Oil Market Forecasts and Analysis
9.1.3 North America Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.1.4 North America Silicone Oil Market Forecasts and Analysis - By Application
9.1.5 North America Silicone Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Silicone Oil Market
9.1.5.1.1 United States Silicone Oil Market by End-User Industry
9.1.5.1.2 United States Silicone Oil Market by Application
9.1.5.2 Canada Silicone Oil Market
9.1.5.2.1 Canada Silicone Oil Market by End-User Industry
9.1.5.2.2 Canada Silicone Oil Market by Application
9.1.5.3 Mexico Silicone Oil Market
9.1.5.3.1 Mexico Silicone Oil Market by End-User Industry
9.1.5.3.2 Mexico Silicone Oil Market by Application
9.2. EUROPE
9.2.1 Europe Silicone Oil Market Overview
9.2.2 Europe Silicone Oil Market Forecasts and Analysis
9.2.3 Europe Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.2.4 Europe Silicone Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Silicone Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Silicone Oil Market
9.2.5.1.1 Germany Silicone Oil Market by End-User Industry
9.2.5.1.2 Germany Silicone Oil Market by Application
9.2.5.2 France Silicone Oil Market
9.2.5.2.1 France Silicone Oil Market by End-User Industry
9.2.5.2.2 France Silicone Oil Market by Application
9.2.5.3 Italy Silicone Oil Market
9.2.5.3.1 Italy Silicone Oil Market by End-User Industry
9.2.5.3.2 Italy Silicone Oil Market by Application
9.2.5.4 United Kingdom Silicone Oil Market
9.2.5.4.1 United Kingdom Silicone Oil Market by End-User Industry
9.2.5.4.2 United Kingdom Silicone Oil Market by Application
9.2.5.5 Rest of Europe Silicone Oil Market
9.2.5.5.1 Rest of Europe Silicone Oil Market by End-User Industry
9.2.5.5.2 Rest of Europe Silicone Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Silicone Oil Market Overview
9.3.2 Asia-Pacific Silicone Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.3.4 Asia-Pacific Silicone Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Silicone Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Silicone Oil Market
9.3.5.1.1 Australia Silicone Oil Market by End-User Industry
9.3.5.1.2 Australia Silicone Oil Market by Application
9.3.5.2 China Silicone Oil Market
9.3.5.2.1 China Silicone Oil Market by End-User Industry
9.3.5.2.2 China Silicone Oil Market by Application
9.3.5.3 India Silicone Oil Market
9.3.5.3.1 India Silicone Oil Market by End-User Industry
9.3.5.3.2 India Silicone Oil Market by Application
9.3.5.4 Japan Silicone Oil Market
9.3.5.4.1 Japan Silicone Oil Market by End-User Industry
9.3.5.4.2 Japan Silicone Oil Market by Application
9.3.5.5 South Korea Silicone Oil Market
9.3.5.5.1 South Korea Silicone Oil Market by End-User Industry
9.3.5.5.2 South Korea Silicone Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Silicone Oil Market
9.3.5.6.1 Rest of Asia-Pacific Silicone Oil Market by End-User Industry
9.3.5.6.2 Rest of Asia-Pacific Silicone Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Silicone Oil Market Overview
9.4.2 Middle East and Africa Silicone Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.4.4 Middle East and Africa Silicone Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Silicone Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Silicone Oil Market
9.4.5.1.1 South Africa Silicone Oil Market by End-User Industry
9.4.5.1.2 South Africa Silicone Oil Market by Application
9.4.5.2 Saudi Arabia Silicone Oil Market
9.4.5.2.1 Saudi Arabia Silicone Oil Market by End-User Industry
9.4.5.2.2 Saudi Arabia Silicone Oil Market by Application
9.4.5.3 U.A.E Silicone Oil Market
9.4.5.3.1 U.A.E Silicone Oil Market by End-User Industry
9.4.5.3.2 U.A.E Silicone Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Silicone Oil Market
9.4.5.4.1 Rest of Middle East and Africa Silicone Oil Market by End-User Industry
9.4.5.4.2 Rest of Middle East and Africa Silicone Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Silicone Oil Market Overview
9.5.2 South and Central America Silicone Oil Market Forecasts and Analysis
9.5.3 South and Central America Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.5.4 South and Central America Silicone Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Silicone Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Silicone Oil Market
9.5.5.1.1 Brazil Silicone Oil Market by End-User Industry
9.5.5.1.2 Brazil Silicone Oil Market by Application
9.5.5.2 Argentina Silicone Oil Market
9.5.5.2.1 Argentina Silicone Oil Market by End-User Industry
9.5.5.2.2 Argentina Silicone Oil Market by Application
9.5.5.3 Rest of South and Central America Silicone Oil Market
9.5.5.3.1 Rest of South and Central America Silicone Oil Market by End-User Industry
9.5.5.3.2 Rest of South and Central America Silicone Oil 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. SILICONE OIL MARKET, KEY COMPANY PROFILES
11.1. ACC SILICONES LTD,
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. BRB INTERNATIONAL BV
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. CLEARCO PRODUCTS CO., INC
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. D R P SILICONE.
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. ELKEM SILICONES
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. EVONIK INDUSTRIES AG
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. IOTA SILICONE OIL (ANHUI) 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. KCC BASILDON
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. SHIN-ETSU CHEMICAL CO., LTD
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. WACKER CHEMIE AG
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. ACC Silicones Ltd,
2. BRB International BV
3. Clearco Products Co., Inc
4. D R P Silicone.
5. Elkem Silicones
6. Evonik Industries AG
7. Iota Silicone Oil (Anhui) Co., Ltd.
8. KCC Basildon
9. Shin-Etsu Chemical Co., Ltd
10. Wacker Chemie AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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