SLS SLES and LAS Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: SLS SLES and LAS Market covers analysis By Product (Sodium Lauryl Sulfate (SLS), Sodium Lauryl Sulfate Liquid (SLS Liquid), Sodium Lauryl Sulfate Dry (SLS Dry), Sodium Lauryl Ether Sulfate (SLES), Linear Alkylbenzene Sulfonate (LAS)); Application (Detergents and Cleaners, Personal Care, Textile and Leather, Oilfield Chemicals, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00020604
  • Category : Chemicals and Materials
  • No. of Pages : 150
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SLS SLES and LAS Market Scope and Size by 2031

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The SLS SLES and LAS Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.

The report is segmented by product (sodium lauryl sulfate, sodium lauryl ether sulfate and linear alkylbenzene sulfonate). The report further presents analysis based on application (detergents and cleaners, personal care, textile and leather, oilfield chemicals 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 SLS SLES and LAS 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.

SLS SLES and LAS Market Segmentation

Product
  • Sodium Lauryl Sulfate
Application
  • Detergents and Cleaners
  • Personal Care
  • Textile and Leather
  • Oilfield Chemicals and Others

Strategic Insights

SLS SLES and LAS Market Growth Drivers
  • Growing demand for hygiene products: The growing demand for personal care and hygiene products contributes to the SLS, SLES, and LAS market. With people becoming more concerned about their appearance, the side effects like foaming and cleansing of the active present in shampoos, body wash, and other cleansing products have increased the use of these other products. The personal care market is also growing substantially, especially in developing countries because of the growing disposable income and lifestyle changes leading to more consumption of these products.
  • Growing demand for household care products: The household cleaning products market is another essential factor boosting SLS, SLES, and LAS sales. The supply of household products such as detergents, surface cleaning agents, and dishwashing liquids exacerbates the already high demand for such cleaning agents and their performance in such products. In addition, consumers of such products are also looking for products with effective cleaning performance that are user-friendly. Due to their superior cleaning performance, SLS, SLES, and LAS are among the preferred surfactants in household cleaning formulations.
  • Growth of the industrial cleaning products market: The capital goods cleaning agents also boost the demand for these surfactants. Sectors such as automotive, textiles, and food processing, among others, require effective cleaning solutions to sustain hygiene and operational effectiveness. SLS, SLES and LAS are prevalent in industrial surface cleaning due to their excellent emulsifying and wetting action. With more and more industries leaning towards cleanliness and effectiveness, the demand for these surfactants is expected to increase.
SLS SLES and LAS Market Future Trends
  • Advancements in technology: Recently, formulation technologies have significantly improved the performance and safety profiles of SLS, SLES, and LAS. The manufacturers are now concentrating on milder but better-performing formulations that are less irritating to the skin while still effective in cleansing. Modeling bio-based raw materials and components is becoming more popular, as they are in demand by consumers who prefer green and safe products.
  • Growing focus on sustainability: The demand for sustainable products is most of the time contributing towards the growth of the surfactant market. More and more organizations prefer to invest in green options and formulations compliant with environmental considerations, including producing bio-surfactants and minimizing active agents harmful to the environment. Market research indicates that sustainable products become available as people progress to green lifestyles, making most manufacturers shift their strategies.
  • Strategic initiatives: The surfactant market is experiencing strategic mergers and acquisitions with businesses looking to enhance their product offerings and reach. By merging or acquiring other firms, firms can adopt advanced technologies, enter new markets, and strengthen their market position. Such a tendency will likely remain as firms try to build more surfactant capabilities.
SLS SLES and LAS Market Opportunities
  • Custom formulations: The latest trends suggest that key companies provide custom solutions in SLS, SLES, and LAS formulations to meet the needs of specific usages and consumers. They also make it possible to manufacture and promote such niche products in the market formulations for sensitive skins or, for instance, ecological detergents such that companies gain undue advantage and thus more of the market. Product variation would also apply to concentration, viscosity, and performance.
  • Growth potential in Middle East & Africa: The SLS, SLES, and LAS industry has a high possibility of future growth, especially in emerging markets such as Middle East and Africa. Changes in sociodemographic factors in these regions with increased growth and disposable income are bound to increase the use of personal care products and household cleaning agents. Hence, the companies can take advantage of this growth by setting up local factories and utilizing local distributors in these markets.
  • Explore new applications: The application range of SLS, SLES, and LAS provides room for growth in the use of these materials in other industries like pharmaceuticals, agri-business, and food processing. These surfactants can be incorporated into different systems or structures, such as drug systems for drug delivery, agricultural systems for adjuvants, and food systems for emulsifiers. In this way, manufacturers can, after all, meet the demand for effective surfactants in the new markets and contain the risk of product inability within one slice of the heightened competition.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the SLS SLES and LAS 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 SLS SLES and LAS 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

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the SLS SLES and LAS Market ?

The SLS SLES and LAS Market is estimated to witness a CAGR of 6% from 2023 to 2031

What are the driving factors impacting the SLS SLES and LAS market?

Rising demand for personal care products is driving the market growth

What are the key players operating in the SLS SLES and LAS market?

Wings Corporation; Solvay S.A.; The Dow Chemical Company; Rhodia SA; Clariant Corporation are some of the key players operating in the SLS SLES and LAS market

Which regions are covered in the report?

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

What are the deliverable formats of the SLS SLES and LAS market?

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

What is the future trends for SLS SLES and LAS market?

Innovation in formulation technologies 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 SLS SLES And LAS Market - By Product
1.3.2 SLS SLES And LAS Market - By Application
1.3.3 SLS SLES And LAS Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SLS SLES AND LAS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. SLS SLES AND LAS 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. SLS SLES AND LAS MARKET - GLOBAL MARKET ANALYSIS
6.1. SLS SLES AND LAS - GLOBAL MARKET OVERVIEW
6.2. SLS SLES AND LAS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SLS SLES AND LAS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SODIUM LAURYL SULFATE (SLS)
7.3.1. Overview
7.3.2. Sodium Lauryl Sulfate (SLS) Market Forecast and Analysis
7.4. SODIUM LAURYL SULFATE LIQUID (SLS LIQUID)
7.4.1. Overview
7.4.2. Sodium Lauryl Sulfate Liquid (SLS Liquid) Market Forecast and Analysis
7.5. SODIUM LAURYL SULFATE DRY (SLS DRY)
7.5.1. Overview
7.5.2. Sodium Lauryl Sulfate Dry (SLS Dry) Market Forecast and Analysis
7.6. SODIUM LAURYL ETHER SULFATE (SLES)
7.6.1. Overview
7.6.2. Sodium Lauryl Ether Sulfate (SLES) Market Forecast and Analysis
7.7. LINEAR ALKYLBENZENE SULFONATE (LAS)
7.7.1. Overview
7.7.2. Linear Alkylbenzene Sulfonate (LAS) Market Forecast and Analysis
8. SLS SLES AND LAS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DETERGENTS AND CLEANERS
8.3.1. Overview
8.3.2. Detergents and Cleaners Market Forecast and Analysis
8.4. PERSONAL CARE
8.4.1. Overview
8.4.2. Personal Care Market Forecast and Analysis
8.5. TEXTILE AND LEATHER
8.5.1. Overview
8.5.2. Textile and Leather Market Forecast and Analysis
8.6. OILFIELD CHEMICALS
8.6.1. Overview
8.6.2. Oilfield Chemicals Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. SLS SLES AND LAS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America SLS SLES And LAS Market Overview
9.1.2 North America SLS SLES And LAS Market Forecasts and Analysis
9.1.3 North America SLS SLES And LAS Market Forecasts and Analysis - By Product
9.1.4 North America SLS SLES And LAS Market Forecasts and Analysis - By Application
9.1.5 North America SLS SLES And LAS Market Forecasts and Analysis - By Countries
9.1.5.1 Canada SLS SLES And LAS Market
9.1.5.1.1 Canada SLS SLES And LAS Market by Product
9.1.5.1.2 Canada SLS SLES And LAS Market by Application
9.1.5.2 Mexico SLS SLES And LAS Market
9.1.5.2.1 Mexico SLS SLES And LAS Market by Product
9.1.5.2.2 Mexico SLS SLES And LAS Market by Application
9.1.5.3 US SLS SLES And LAS Market
9.1.5.3.1 US SLS SLES And LAS Market by Product
9.1.5.3.2 US SLS SLES And LAS Market by Application
9.2. EUROPE
9.2.1 Europe SLS SLES And LAS Market Overview
9.2.2 Europe SLS SLES And LAS Market Forecasts and Analysis
9.2.3 Europe SLS SLES And LAS Market Forecasts and Analysis - By Product
9.2.4 Europe SLS SLES And LAS Market Forecasts and Analysis - By Application
9.2.5 Europe SLS SLES And LAS Market Forecasts and Analysis - By Countries
9.2.5.1 Germany SLS SLES And LAS Market
9.2.5.1.1 Germany SLS SLES And LAS Market by Product
9.2.5.1.2 Germany SLS SLES And LAS Market by Application
9.2.5.2 France SLS SLES And LAS Market
9.2.5.2.1 France SLS SLES And LAS Market by Product
9.2.5.2.2 France SLS SLES And LAS Market by Application
9.2.5.3 Italy SLS SLES And LAS Market
9.2.5.3.1 Italy SLS SLES And LAS Market by Product
9.2.5.3.2 Italy SLS SLES And LAS Market by Application
9.2.5.4 United Kingdom SLS SLES And LAS Market
9.2.5.4.1 United Kingdom SLS SLES And LAS Market by Product
9.2.5.4.2 United Kingdom SLS SLES And LAS Market by Application
9.2.5.5 Russia SLS SLES And LAS Market
9.2.5.5.1 Russia SLS SLES And LAS Market by Product
9.2.5.5.2 Russia SLS SLES And LAS Market by Application
9.2.5.6 Rest of Europe SLS SLES And LAS Market
9.2.5.6.1 Rest of Europe SLS SLES And LAS Market by Product
9.2.5.6.2 Rest of Europe SLS SLES And LAS Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific SLS SLES And LAS Market Overview
9.3.2 Asia-Pacific SLS SLES And LAS Market Forecasts and Analysis
9.3.3 Asia-Pacific SLS SLES And LAS Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific SLS SLES And LAS Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific SLS SLES And LAS Market Forecasts and Analysis - By Countries
9.3.5.1 Australia SLS SLES And LAS Market
9.3.5.1.1 Australia SLS SLES And LAS Market by Product
9.3.5.1.2 Australia SLS SLES And LAS Market by Application
9.3.5.2 China SLS SLES And LAS Market
9.3.5.2.1 China SLS SLES And LAS Market by Product
9.3.5.2.2 China SLS SLES And LAS Market by Application
9.3.5.3 India SLS SLES And LAS Market
9.3.5.3.1 India SLS SLES And LAS Market by Product
9.3.5.3.2 India SLS SLES And LAS Market by Application
9.3.5.4 Japan SLS SLES And LAS Market
9.3.5.4.1 Japan SLS SLES And LAS Market by Product
9.3.5.4.2 Japan SLS SLES And LAS Market by Application
9.3.5.5 South Korea SLS SLES And LAS Market
9.3.5.5.1 South Korea SLS SLES And LAS Market by Product
9.3.5.5.2 South Korea SLS SLES And LAS Market by Application
9.3.5.6 Rest of Asia-Pacific SLS SLES And LAS Market
9.3.5.6.1 Rest of Asia-Pacific SLS SLES And LAS Market by Product
9.3.5.6.2 Rest of Asia-Pacific SLS SLES And LAS Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa SLS SLES And LAS Market Overview
9.4.2 Middle East and Africa SLS SLES And LAS Market Forecasts and Analysis
9.4.3 Middle East and Africa SLS SLES And LAS Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa SLS SLES And LAS Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa SLS SLES And LAS Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa SLS SLES And LAS Market
9.4.5.1.1 South Africa SLS SLES And LAS Market by Product
9.4.5.1.2 South Africa SLS SLES And LAS Market by Application
9.4.5.2 Saudi Arabia SLS SLES And LAS Market
9.4.5.2.1 Saudi Arabia SLS SLES And LAS Market by Product
9.4.5.2.2 Saudi Arabia SLS SLES And LAS Market by Application
9.4.5.3 U.A.E SLS SLES And LAS Market
9.4.5.3.1 U.A.E SLS SLES And LAS Market by Product
9.4.5.3.2 U.A.E SLS SLES And LAS Market by Application
9.4.5.4 Rest of Middle East and Africa SLS SLES And LAS Market
9.4.5.4.1 Rest of Middle East and Africa SLS SLES And LAS Market by Product
9.4.5.4.2 Rest of Middle East and Africa SLS SLES And LAS Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America SLS SLES And LAS Market Overview
9.5.2 South and Central America SLS SLES And LAS Market Forecasts and Analysis
9.5.3 South and Central America SLS SLES And LAS Market Forecasts and Analysis - By Product
9.5.4 South and Central America SLS SLES And LAS Market Forecasts and Analysis - By Application
9.5.5 South and Central America SLS SLES And LAS Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil SLS SLES And LAS Market
9.5.5.1.1 Brazil SLS SLES And LAS Market by Product
9.5.5.1.2 Brazil SLS SLES And LAS Market by Application
9.5.5.2 Argentina SLS SLES And LAS Market
9.5.5.2.1 Argentina SLS SLES And LAS Market by Product
9.5.5.2.2 Argentina SLS SLES And LAS Market by Application
9.5.5.3 Rest of South and Central America SLS SLES And LAS Market
9.5.5.3.1 Rest of South and Central America SLS SLES And LAS Market by Product
9.5.5.3.2 Rest of South and Central America SLS SLES And LAS 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. SLS SLES AND LAS MARKET, KEY COMPANY PROFILES
11.1. WINGS CORPORATION
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. SOLVAY S.A.
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. THE DOW CHEMICAL COMPANY
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. RHODIA SA
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. CLARIANT CORPORATION
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. CRODA INTERNATIONAL
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. BASF SE
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. HUNTSMAN CORPORATION
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. LION SPECIALTY CHEMICALS 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. GALAXY SURFACTANTS LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

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

1. Wings Corporation
2. Solvay S.A.
3. The Dow Chemical Company
4. Rhodia SA
5. Clariant Corporation
6. Croda International
7. BASF SE
8. Huntsman Corporation
9. Lion Specialty Chemicals Co. Ltd.
10. Galaxy Surfactants Ltd.

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

  1. Data Collection and Secondary Research:

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

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

  1. Primary Research:

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

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

A typical research interview fulfils the following functions:

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

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

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

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

Research Methodology

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

  1. Data Analysis:

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

  • 3.1 Macro-Economic Factor Analysis:

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

  • 3.2 Country Level Data:

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

  • 3.3 Company Profile:

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

  • 3.4 Developing Base Number:

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

  1. Data Triangulation and Final Review:

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

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

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

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

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