Specialty Carbon Black Market Research Report 2021-2031
The Specialty Carbon Black Market is expected to register a CAGR of 6.7% 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 application (printing, paints and coatings, plastics, fiber, paper, battery electrodes, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Specialty Carbon Black 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.
Specialty Carbon Black Market Segmentation
Application- Printing
- Paints and Coatings
- Plastics
- Fiber
- Paper
- Battery Electrodes
Strategic Insights
Specialty Carbon Black Market Growth Drivers- Automotive Industry: Specialty carbon black is widely used in the automotive industry, especially in tires, where it not only enhances the durability and performance but also the fuel efficiency of a vehicle. High-performance tires and increased automotive production, stringent environment-related regulations, and demand for long-lasting products are fueling the market further. And with global automotive production that is increasing, mainly from developing countries, specialty carbon black tires are going to increase further.
- Electronics and Electrical Industry:Specialty carbon blacks have more recently achieved increased usage in the electrical industry, specifically for applications involving conductive polymer and coating of electronic devices. Growing demand from consumers of electronic goods such as handheld smartphones, laptops, and wearables, combined with advances in semiconductor technology, continues to fuel the demand for high-quality conductive carbon blacks. This trend in the electronics industry towards miniaturization and higher performance, in conjunction with the explosive growth of 5G and IoT technology, is driving demand for advanced materials such as specialty carbon black.
- Sustainability and Environmental Regulations: Sustainability and demanding environmental regulations encourage the use of specialty carbon black in applications having an environmental mindset. In general, producers of carbon black are getting ready to develop products ensuring that there is fulfillment of requirements on VOC emissions, which is the core requirement for coatings and inks. Sustainability: There is a growing demand for sustainable carbon blacks, like feedstock from renewable sources or cleaner production processes, particularly in regions with tight environmental legislations such as Europe and North America.
- Shift Toward Sustainable Carbon Black Products: Shift toward the development and commercialization of sustainable carbon black products. In this context, these involve renewable raw materials or energy-efficient technologies for carbon black, such as "gas black" or "bio-based black" production. The companies manufacturing carbon black products and end-user products with sustainability-driven improvement drive demand for lower-carbon-footprint carbon black products or improved recyclability.
- Innovations in Carbon Black Technology: Innovations in carbon black technology enhance the performance of carbon blacks across application fields. New grades of specialty carbon black are introduced showing improvements in conductivity, reinforcement, and dispersibility to increasingly diversified application requirements, especially in the automotive, electronic, and ink fields. Innovations allow for lighter, more efficient products and improve material properties as wear resistance and lifetime.
- Specialty Carbon Black in Inks, Paints, and Coatings: Specialty carbon black is an important additive in the formulation of inks, paints, and coatings as it imparts deep-black color along with a good degree of UV protection and conductivity. The market for premium-quality inks and coatings, particularly for packaging, automotive, and architectural applications, is slowly growing. This trend is connected to growing consumer interest in high-definition displays, requiring accurate color and high-quality coating materials.
- Growth Potential in the Asia-Pacific Region: The Asia-Pacific region, and in particular, China and India have been, and continue to represent the highest growth potential market, for specialty carbon blacks, with massive industrialization, which continues to boost automobile production, as well as consumer demands for electronics. Other Latin American countries are also undergoing the development process within infrastructure, expanding automobile manufacturing, and opportunities might open for suppliers of specialty carbon black.
- Electric Vehicles (EVs): Electric vehicles could be a growth area for specialty carbon black producers. Most electric vehicles require high-performance tires with specialized properties that include low rolling resistance and high durability, often containing sophisticated grades of carbon black. Furthermore, the use of carbon black in electronics and battery components for electric vehicles would likely enhance demand in this space if the global electric vehicle market is expanded much further.
- Advanced Battery Technologies and Energy Storage: Specialty carbon black is critical for the development of advanced battery technologies, especially for enhancing the performance of Li-ion-based batteries. With rising energy storage application and renewable energy demands, there is a significant opportunity for specialty carbon black in supplying this material to both battery electrodes and conductive additives. Growing demand for clean energy solutions and expanding electric vehicle infrastructure present a large and growing opportunity for carbon black in energy storage," according to the company.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Specialty Carbon Black 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 Specialty Carbon Black 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
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Specialty Carbon Black Market is estimated to witness a CAGR of 6.7% from 2023 to 2031
The major factors driving the specialty carbon black market are:
1. Growth in Automotive and Tire Industries.
2. Expansion of the Electronics and Semiconductor Industry.
Continental Carbon Co, Birla Carbon, Cabot Corp, Tokai Carbon Co Ltd, Omsk Carbon Group, Orion SA, ASAHI CARBON CO LTD, Ralson, Imerys SA, and Mitsubishi Chemical Corp
On the basis of geography, the specialty carbon black market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Advancements in product technology is expected to be the key market trend.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Specialty Carbon Black Market - By Grade
1.3.2 Specialty Carbon Black Market - By End-use industry
1.3.3 Specialty Carbon Black Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPECIALTY CARBON BLACK 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. SPECIALTY CARBON BLACK 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. SPECIALTY CARBON BLACK MARKET - GLOBAL MARKET ANALYSIS
6.1. SPECIALTY CARBON BLACK - GLOBAL MARKET OVERVIEW
6.2. SPECIALTY CARBON BLACK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPECIALTY CARBON BLACK MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. CONDUCTIVE CARBON BLACK
7.3.1. Overview
7.3.2. conductive carbon black Market Forecast and Analysis
7.4. FIBER CARBON BLACK
7.4.1. Overview
7.4.2. fiber carbon black Market Forecast and Analysis
7.5. FOOD CONTACT CARBON BLACK
7.5.1. Overview
7.5.2. food contact carbon black Market Forecast and Analysis
7.6. OTHER CARBON BLACK
7.6.1. Overview
7.6.2. other carbon black Market Forecast and Analysis
8. SPECIALTY CARBON BLACK MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. automotive Market Forecast and Analysis
8.4. ELECTRICALS AND ELECTRONICS
8.4.1. Overview
8.4.2. electricals and electronics Market Forecast and Analysis
8.5. PACKAGING
8.5.1. Overview
8.5.2. packaging Market Forecast and Analysis
8.6. BUILDING AND CONSTRUCTION
8.6.1. Overview
8.6.2. building and construction Market Forecast and Analysis
8.7. OTHERS.
8.7.1. Overview
8.7.2. others. Market Forecast and Analysis
9. SPECIALTY CARBON BLACK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Specialty Carbon Black Market Overview
9.1.2 North America Specialty Carbon Black Market Forecasts and Analysis
9.1.3 North America Specialty Carbon Black Market Forecasts and Analysis - By Grade
9.1.4 North America Specialty Carbon Black Market Forecasts and Analysis - By End-use industry
9.1.5 North America Specialty Carbon Black Market Forecasts and Analysis - By Countries
9.1.5.1 United States Specialty Carbon Black Market
9.1.5.1.1 United States Specialty Carbon Black Market by Grade
9.1.5.1.2 United States Specialty Carbon Black Market by End-use industry
9.1.5.2 Canada Specialty Carbon Black Market
9.1.5.2.1 Canada Specialty Carbon Black Market by Grade
9.1.5.2.2 Canada Specialty Carbon Black Market by End-use industry
9.1.5.3 Mexico Specialty Carbon Black Market
9.1.5.3.1 Mexico Specialty Carbon Black Market by Grade
9.1.5.3.2 Mexico Specialty Carbon Black Market by End-use industry
9.2. EUROPE
9.2.1 Europe Specialty Carbon Black Market Overview
9.2.2 Europe Specialty Carbon Black Market Forecasts and Analysis
9.2.3 Europe Specialty Carbon Black Market Forecasts and Analysis - By Grade
9.2.4 Europe Specialty Carbon Black Market Forecasts and Analysis - By End-use industry
9.2.5 Europe Specialty Carbon Black Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Specialty Carbon Black Market
9.2.5.1.1 Germany Specialty Carbon Black Market by Grade
9.2.5.1.2 Germany Specialty Carbon Black Market by End-use industry
9.2.5.2 France Specialty Carbon Black Market
9.2.5.2.1 France Specialty Carbon Black Market by Grade
9.2.5.2.2 France Specialty Carbon Black Market by End-use industry
9.2.5.3 Italy Specialty Carbon Black Market
9.2.5.3.1 Italy Specialty Carbon Black Market by Grade
9.2.5.3.2 Italy Specialty Carbon Black Market by End-use industry
9.2.5.4 United Kingdom Specialty Carbon Black Market
9.2.5.4.1 United Kingdom Specialty Carbon Black Market by Grade
9.2.5.4.2 United Kingdom Specialty Carbon Black Market by End-use industry
9.2.5.5 Russia Specialty Carbon Black Market
9.2.5.5.1 Russia Specialty Carbon Black Market by Grade
9.2.5.5.2 Russia Specialty Carbon Black Market by End-use industry
9.2.5.6 Rest of Europe Specialty Carbon Black Market
9.2.5.6.1 Rest of Europe Specialty Carbon Black Market by Grade
9.2.5.6.2 Rest of Europe Specialty Carbon Black Market by End-use industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Specialty Carbon Black Market Overview
9.3.2 Asia-Pacific Specialty Carbon Black Market Forecasts and Analysis
9.3.3 Asia-Pacific Specialty Carbon Black Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Specialty Carbon Black Market Forecasts and Analysis - By End-use industry
9.3.5 Asia-Pacific Specialty Carbon Black Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Specialty Carbon Black Market
9.3.5.1.1 Australia Specialty Carbon Black Market by Grade
9.3.5.1.2 Australia Specialty Carbon Black Market by End-use industry
9.3.5.2 China Specialty Carbon Black Market
9.3.5.2.1 China Specialty Carbon Black Market by Grade
9.3.5.2.2 China Specialty Carbon Black Market by End-use industry
9.3.5.3 India Specialty Carbon Black Market
9.3.5.3.1 India Specialty Carbon Black Market by Grade
9.3.5.3.2 India Specialty Carbon Black Market by End-use industry
9.3.5.4 Japan Specialty Carbon Black Market
9.3.5.4.1 Japan Specialty Carbon Black Market by Grade
9.3.5.4.2 Japan Specialty Carbon Black Market by End-use industry
9.3.5.5 South Korea Specialty Carbon Black Market
9.3.5.5.1 South Korea Specialty Carbon Black Market by Grade
9.3.5.5.2 South Korea Specialty Carbon Black Market by End-use industry
9.3.5.6 Rest of Asia-Pacific Specialty Carbon Black Market
9.3.5.6.1 Rest of Asia-Pacific Specialty Carbon Black Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Specialty Carbon Black Market by End-use industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Specialty Carbon Black Market Overview
9.4.2 Middle East and Africa Specialty Carbon Black Market Forecasts and Analysis
9.4.3 Middle East and Africa Specialty Carbon Black Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Specialty Carbon Black Market Forecasts and Analysis - By End-use industry
9.4.5 Middle East and Africa Specialty Carbon Black Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Specialty Carbon Black Market
9.4.5.1.1 South Africa Specialty Carbon Black Market by Grade
9.4.5.1.2 South Africa Specialty Carbon Black Market by End-use industry
9.4.5.2 Saudi Arabia Specialty Carbon Black Market
9.4.5.2.1 Saudi Arabia Specialty Carbon Black Market by Grade
9.4.5.2.2 Saudi Arabia Specialty Carbon Black Market by End-use industry
9.4.5.3 U.A.E Specialty Carbon Black Market
9.4.5.3.1 U.A.E Specialty Carbon Black Market by Grade
9.4.5.3.2 U.A.E Specialty Carbon Black Market by End-use industry
9.4.5.4 Rest of Middle East and Africa Specialty Carbon Black Market
9.4.5.4.1 Rest of Middle East and Africa Specialty Carbon Black Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Specialty Carbon Black Market by End-use industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Specialty Carbon Black Market Overview
9.5.2 South and Central America Specialty Carbon Black Market Forecasts and Analysis
9.5.3 South and Central America Specialty Carbon Black Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Specialty Carbon Black Market Forecasts and Analysis - By End-use industry
9.5.5 South and Central America Specialty Carbon Black Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Specialty Carbon Black Market
9.5.5.1.1 Brazil Specialty Carbon Black Market by Grade
9.5.5.1.2 Brazil Specialty Carbon Black Market by End-use industry
9.5.5.2 Argentina Specialty Carbon Black Market
9.5.5.2.1 Argentina Specialty Carbon Black Market by Grade
9.5.5.2.2 Argentina Specialty Carbon Black Market by End-use industry
9.5.5.3 Rest of South and Central America Specialty Carbon Black Market
9.5.5.3.1 Rest of South and Central America Specialty Carbon Black Market by Grade
9.5.5.3.2 Rest of South and Central America Specialty Carbon Black Market by End-use industry
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. SPECIALTY CARBON BLACK MARKET, KEY COMPANY PROFILES
11.1. BIRLA CARBON
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. BLACK BEAR CARBON B.V.
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. CABOT CORPORATION.
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. DYSTAR SINGAPORE PTE 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. HIMADRI SPECIALITY CHEMICAL LTD.
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. IMERYS GRAPHITE AND CARBON
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. MITSUBISHI CHEMICAL CORPORATION
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. OMSK CARBON GROUP
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. ORION ENGINEERED CARBONS LLC
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. PHILLIPS CARBON BLACK LIMITED
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. Birla Carbon
2. Black Bear Carbon B.V.
3. Cabot Corporation.
4. DyStar Singapore Pte Ltd
5. Himadri Speciality Chemical Ltd.
6. Imerys Graphite and Carbon
7. Mitsubishi Chemical Corporation
8. Omsk Carbon Group
9. Orion Engineered Carbons LLC
10. PHILLIPS CARBON BLACK LIMITED
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.
Get Free Sample For