Synthetic Detergents Market Scope and Size by 2031
A synthetic detergent is primarily any synthetic substance, other than soap, which is an effective cleanser and functions equally well as a surface-active agent in hard or soft water. Synthetic detergents are utilized for a variety of applications, like washing clothes, house cleaning, and others. Unlike soaps that are not effective in hard water, synthetic detergents work both in soft water and hard water. Also, synthetic detergents have cleaning properties in dilute solutions, unlike soaps, which are concentrated solids. The main difference between synthetic detergents and soap is the ingredients used during manufacturing. While synthetic detergents are prepared from petroleum products, manufacturers make soap from lye and natural fat. Unlike natural soap, a synthetic detergent breaks up oil and dirt molecules in hard water.
MARKET DYNAMICS
The synthetic detergents market has witnessed a significant growth owing to factors such as wider application in into laundry cleaning, household cleaning, dishwashing, fuel additives, biological reagent, and others. Growing demand for detergents from the laundry care application and increased availability of shale gas reserves for the production of synthetic detergents are the major factors propelling market growth. The availability of numerous products through both the online and offline retailing is further influencing this market. However, stringent environmental regulations and fluctuating raw material prices may further impact on the growth of the synthetic detergents market. Nevertheless, the growth of the oleochemicals market as an advantage for bio-based detergents is projected to act as an opportunity for the market, in the future.
MARKET SCOPE
The "Global Synthetic Detergents Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the synthetic detergents market with detailed market segmentation by form, application, type, and geography. The global synthetic detergents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synthetic detergents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global synthetic detergents market is segmented on the basis of form, application, and type. On the basis of form, the synthetic detergents market is segmented into bar, powder and liquid or gel. The synthetic detergents market on the basis of the application is classified into laundry cleaning, household cleaning, dishwashing, fuel additives, biological reagent, and others. On the basis of type, global synthetic detergents market is bifurcated into anionic detergents, cationic detergents, non-ionic detergents, zwitterionic (ampholytic) detergents, and other types.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic detergents market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synthetic detergents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synthetic detergents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synthetic detergents market in these regions.
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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic detergents market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synthetic detergents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synthetic detergents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synthetic detergents market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global synthetic detergents market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from synthetic detergents market are anticipated to lucrative growth opportunities in the future with the rising demand for synthetic detergents in the global market. Below mentioned is the list of few companies engaged in the synthetic detergents market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the synthetic detergents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Clariant AG
- Henkel AG & Company KGaA
- Kao Corporation
- Nice Group
- Proctor and Gamble
- Sigma-Aldrich Co. LLC
- Stepan Company
- The 3M Company
- Unilever Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Synthetic Detergents Market - By Type
1.3.2 Synthetic Detergents Market - By Form
1.3.3 Synthetic Detergents Market - By Application
1.3.4 Synthetic Detergents Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SYNTHETIC DETERGENTS 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. SYNTHETIC DETERGENTS 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. SYNTHETIC DETERGENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SYNTHETIC DETERGENTS - GLOBAL MARKET OVERVIEW
6.2. SYNTHETIC DETERGENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SYNTHETIC DETERGENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANIONIC DETERGENTS
7.3.1. Overview
7.3.2. Anionic Detergents Market Forecast and Analysis
7.4. CATIONIC DETERGENTS
7.4.1. Overview
7.4.2. Cationic Detergents Market Forecast and Analysis
7.5. NON-IONIC DETERGENTS
7.5.1. Overview
7.5.2. Non-ionic Detergents Market Forecast and Analysis
7.6. ZWITTERIONIC (AMPHOLYTIC) DETERGENTS
7.6.1. Overview
7.6.2. Zwitterionic (Ampholytic) Detergents Market Forecast and Analysis
7.7. OTHER TYPES
7.7.1. Overview
7.7.2. Other Types Market Forecast and Analysis
8. SYNTHETIC DETERGENTS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. BAR
8.3.1. Overview
8.3.2. Bar Market Forecast and Analysis
8.4. POWDER
8.4.1. Overview
8.4.2. Powder Market Forecast and Analysis
8.5. LIQUID/GEL
8.5.1. Overview
8.5.2. Liquid/Gel Market Forecast and Analysis
9. SYNTHETIC DETERGENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. LAUNDRY CLEANING
9.3.1. Overview
9.3.2. Laundry Cleaning Market Forecast and Analysis
9.4. HOUSEHOLD CLEANING
9.4.1. Overview
9.4.2. Household Cleaning Market Forecast and Analysis
9.5. DISHWASHING
9.5.1. Overview
9.5.2. Dishwashing Market Forecast and Analysis
9.6. FUEL ADDITIVES
9.6.1. Overview
9.6.2. Fuel Additives Market Forecast and Analysis
9.7. BIOLOGICAL REAGENT
9.7.1. Overview
9.7.2. Biological Reagent Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. SYNTHETIC DETERGENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Synthetic Detergents Market Overview
10.1.2 North America Synthetic Detergents Market Forecasts and Analysis
10.1.3 North America Synthetic Detergents Market Forecasts and Analysis - By Type
10.1.4 North America Synthetic Detergents Market Forecasts and Analysis - By Form
10.1.5 North America Synthetic Detergents Market Forecasts and Analysis - By Application
10.1.6 North America Synthetic Detergents Market Forecasts and Analysis - By Countries
10.1.6.1 United States Synthetic Detergents Market
10.1.6.1.1 United States Synthetic Detergents Market by Type
10.1.6.1.2 United States Synthetic Detergents Market by Form
10.1.6.1.3 United States Synthetic Detergents Market by Application
10.1.6.2 Canada Synthetic Detergents Market
10.1.6.2.1 Canada Synthetic Detergents Market by Type
10.1.6.2.2 Canada Synthetic Detergents Market by Form
10.1.6.2.3 Canada Synthetic Detergents Market by Application
10.1.6.3 Mexico Synthetic Detergents Market
10.1.6.3.1 Mexico Synthetic Detergents Market by Type
10.1.6.3.2 Mexico Synthetic Detergents Market by Form
10.1.6.3.3 Mexico Synthetic Detergents Market by Application
10.2. EUROPE
10.2.1 Europe Synthetic Detergents Market Overview
10.2.2 Europe Synthetic Detergents Market Forecasts and Analysis
10.2.3 Europe Synthetic Detergents Market Forecasts and Analysis - By Type
10.2.4 Europe Synthetic Detergents Market Forecasts and Analysis - By Form
10.2.5 Europe Synthetic Detergents Market Forecasts and Analysis - By Application
10.2.6 Europe Synthetic Detergents Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Synthetic Detergents Market
10.2.6.1.1 Germany Synthetic Detergents Market by Type
10.2.6.1.2 Germany Synthetic Detergents Market by Form
10.2.6.1.3 Germany Synthetic Detergents Market by Application
10.2.6.2 France Synthetic Detergents Market
10.2.6.2.1 France Synthetic Detergents Market by Type
10.2.6.2.2 France Synthetic Detergents Market by Form
10.2.6.2.3 France Synthetic Detergents Market by Application
10.2.6.3 Italy Synthetic Detergents Market
10.2.6.3.1 Italy Synthetic Detergents Market by Type
10.2.6.3.2 Italy Synthetic Detergents Market by Form
10.2.6.3.3 Italy Synthetic Detergents Market by Application
10.2.6.4 United Kingdom Synthetic Detergents Market
10.2.6.4.1 United Kingdom Synthetic Detergents Market by Type
10.2.6.4.2 United Kingdom Synthetic Detergents Market by Form
10.2.6.4.3 United Kingdom Synthetic Detergents Market by Application
10.2.6.5 Russia Synthetic Detergents Market
10.2.6.5.1 Russia Synthetic Detergents Market by Type
10.2.6.5.2 Russia Synthetic Detergents Market by Form
10.2.6.5.3 Russia Synthetic Detergents Market by Application
10.2.6.6 Rest of Europe Synthetic Detergents Market
10.2.6.6.1 Rest of Europe Synthetic Detergents Market by Type
10.2.6.6.2 Rest of Europe Synthetic Detergents Market by Form
10.2.6.6.3 Rest of Europe Synthetic Detergents Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Synthetic Detergents Market Overview
10.3.2 Asia-Pacific Synthetic Detergents Market Forecasts and Analysis
10.3.3 Asia-Pacific Synthetic Detergents Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Synthetic Detergents Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Synthetic Detergents Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Synthetic Detergents Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Synthetic Detergents Market
10.3.6.1.1 Australia Synthetic Detergents Market by Type
10.3.6.1.2 Australia Synthetic Detergents Market by Form
10.3.6.1.3 Australia Synthetic Detergents Market by Application
10.3.6.2 China Synthetic Detergents Market
10.3.6.2.1 China Synthetic Detergents Market by Type
10.3.6.2.2 China Synthetic Detergents Market by Form
10.3.6.2.3 China Synthetic Detergents Market by Application
10.3.6.3 India Synthetic Detergents Market
10.3.6.3.1 India Synthetic Detergents Market by Type
10.3.6.3.2 India Synthetic Detergents Market by Form
10.3.6.3.3 India Synthetic Detergents Market by Application
10.3.6.4 Japan Synthetic Detergents Market
10.3.6.4.1 Japan Synthetic Detergents Market by Type
10.3.6.4.2 Japan Synthetic Detergents Market by Form
10.3.6.4.3 Japan Synthetic Detergents Market by Application
10.3.6.5 South Korea Synthetic Detergents Market
10.3.6.5.1 South Korea Synthetic Detergents Market by Type
10.3.6.5.2 South Korea Synthetic Detergents Market by Form
10.3.6.5.3 South Korea Synthetic Detergents Market by Application
10.3.6.6 Rest of Asia-Pacific Synthetic Detergents Market
10.3.6.6.1 Rest of Asia-Pacific Synthetic Detergents Market by Type
10.3.6.6.2 Rest of Asia-Pacific Synthetic Detergents Market by Form
10.3.6.6.3 Rest of Asia-Pacific Synthetic Detergents Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Synthetic Detergents Market Overview
10.4.2 Middle East and Africa Synthetic Detergents Market Forecasts and Analysis
10.4.3 Middle East and Africa Synthetic Detergents Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Synthetic Detergents Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Synthetic Detergents Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Synthetic Detergents Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Synthetic Detergents Market
10.4.6.1.1 South Africa Synthetic Detergents Market by Type
10.4.6.1.2 South Africa Synthetic Detergents Market by Form
10.4.6.1.3 South Africa Synthetic Detergents Market by Application
10.4.6.2 Saudi Arabia Synthetic Detergents Market
10.4.6.2.1 Saudi Arabia Synthetic Detergents Market by Type
10.4.6.2.2 Saudi Arabia Synthetic Detergents Market by Form
10.4.6.2.3 Saudi Arabia Synthetic Detergents Market by Application
10.4.6.3 U.A.E Synthetic Detergents Market
10.4.6.3.1 U.A.E Synthetic Detergents Market by Type
10.4.6.3.2 U.A.E Synthetic Detergents Market by Form
10.4.6.3.3 U.A.E Synthetic Detergents Market by Application
10.4.6.4 Rest of Middle East and Africa Synthetic Detergents Market
10.4.6.4.1 Rest of Middle East and Africa Synthetic Detergents Market by Type
10.4.6.4.2 Rest of Middle East and Africa Synthetic Detergents Market by Form
10.4.6.4.3 Rest of Middle East and Africa Synthetic Detergents Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Synthetic Detergents Market Overview
10.5.2 South and Central America Synthetic Detergents Market Forecasts and Analysis
10.5.3 South and Central America Synthetic Detergents Market Forecasts and Analysis - By Type
10.5.4 South and Central America Synthetic Detergents Market Forecasts and Analysis - By Form
10.5.5 South and Central America Synthetic Detergents Market Forecasts and Analysis - By Application
10.5.6 South and Central America Synthetic Detergents Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Synthetic Detergents Market
10.5.6.1.1 Brazil Synthetic Detergents Market by Type
10.5.6.1.2 Brazil Synthetic Detergents Market by Form
10.5.6.1.3 Brazil Synthetic Detergents Market by Application
10.5.6.2 Argentina Synthetic Detergents Market
10.5.6.2.1 Argentina Synthetic Detergents Market by Type
10.5.6.2.2 Argentina Synthetic Detergents Market by Form
10.5.6.2.3 Argentina Synthetic Detergents Market by Application
10.5.6.3 Rest of South and Central America Synthetic Detergents Market
10.5.6.3.1 Rest of South and Central America Synthetic Detergents Market by Type
10.5.6.3.2 Rest of South and Central America Synthetic Detergents Market by Form
10.5.6.3.3 Rest of South and Central America Synthetic Detergents Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SYNTHETIC DETERGENTS MARKET, KEY COMPANY PROFILES
12.1. BASF SE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CLARIANT AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. HENKEL AG AND COMPANY KGAA
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. KAO CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NICE GROUP
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PROCTOR AND GAMBLE
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SIGMA-ALDRICH CO. LLC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. STEPAN COMPANY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE 3M COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. UNILEVER GROUP
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. BASF SE
2. Clariant AG
3. Henkel AG and Company KGaA
4. Kao Corporation
5. Nice Group
6. Proctor and Gamble
7. Sigma-Aldrich Co. LLC
8. Stepan Company
9. The 3M Company
10. Unilever Group
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