Thiochemicals Market Updates by 2031
The Thiochemicals Market is expected to register a CAGR of 3% from 2024 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The thiochemicals market report is segmented by type (mercaptans, dimethyl disulfide, dimethyl sulfoxide, thioglycolic acid and esters, thiourea, and others). The market is segmented based on end-use industry (oil and gas, animal nutrition, chemicals, electrical and electronics, consumer goods, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Thiochemicals 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.
Thiochemicals Market Segmentation
Type- Mercaptans
- Dimethyl Disulfide
- Dimethyl Sulfoxide
- Thioglycolic acid and esters
- Thiourea
- Oil and Gas
- Animal Nutrition
- Chemicals
- Electrical and Electronics
- Consumer Goods
Strategic Insights
Thiochemicals Market Growth Drivers- Increasing Demand for Specialty Chemicals: Thiochemicals, including sulfur derivatives like thiol, thioesters, and sulfonic acids, are crucial in various industries such as petroleum refining, agriculture, and pharmaceuticals. Their specialized functions, like improving fuel quality, are fueling demand for thiochemicals in these sectors.
- Growth in the Oil and Gas Industry: The oil and gas industry significantly contributes to the thiochemicals market, particularly for desulfurization processes. Thiochemicals are used in refineries to remove sulfur from fuels, helping to meet environmental regulations and improve fuel quality, driving market growth.
- Rising Agricultural and Agrochemical Demand: Thiochemicals, such as sulfur-based compounds, are vital in the production of pesticides and fungicides, supporting agricultural productivity. With the rising global demand for food and crop protection, the agricultural sector is becoming a major driver for thiochemicals.
- Growth in Agriculture and Crop Protection: Thiochemicals, particularly sulfur-based compounds, are extensively used in agriculture for fungicides, pesticides, and fertilizers. As the global population increases and the demand for food grows, there is a rising need for advanced crop protection chemicals, driving the demand for thiochemicals in the agricultural sector. This trend is expected to continue as farmers seek more effective and sustainable solutions to protect crops from pests and diseases.
- Advancements in Petrochemical and Refining Applications: Thiochemicals play a significant role in the petrochemical and refining industries, particularly in the production of sulfuric acid, which is used in petroleum refining and in the production of detergents and lubricants. The expanding demand for energy and refining capacity, especially in emerging economies, is boosting the need for thiochemicals in these applications. Additionally, innovations in refining technologies are enhancing the use of sulfur-based chemicals in energy production.
- Environmental and Sustainability Focus: There is a growing emphasis on sustainability and the reduction of environmental impact, driving the development of eco-friendly thiochemicals. As industries move toward greener practices, there is increased demand for sulfur-based chemicals that minimize harmful emissions and support sustainable production processes. The market is witnessing innovations in producing bio-based thiochemicals, which are seen as a more environmentally friendly alternative to traditional methods, especially in sectors like agriculture and energy.
- Rising Demand in the Energy and Petrochemical Industries: Thiochemicals, such as hydrogen sulfide, sulfur dioxide, and sulfuric acid, are essential in refining processes, including the removal of impurities from fuels and the production of sulfuric acid for various industrial applications. As the global energy and petrochemical industries continue to expand, particularly in emerging economies, the demand for thiochemicals is expected to rise, driven by the need for cleaner energy production and more efficient refining processes.
- Growth in Agriculture and Rubber Production: Thiochemicals play a significant role in agricultural chemicals, particularly in fungicides, herbicides, and insecticides. Additionally, sulfur-based chemicals are used in the production of rubber and other synthetic materials. With the increasing demand for crop protection products and synthetic rubber in automotive manufacturing, the thiochemicals market is poised for growth, particularly in developing regions where industrialization and agricultural expansion are driving demand.
- Technological Advancements and Eco-friendly Innovations: Research and development in thiochemicals are leading to the creation of more efficient, cost-effective, and environmentally friendly production methods. As industries push for greener solutions, the development of bio-based thiochemicals and more sustainable production processes is creating new growth opportunities. These innovations are particularly attractive in industries focused on reducing environmental impact, such as pharmaceuticals and agriculture.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thiochemicals 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 Thiochemicals Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift towards sustainable and green chemistry are expected to be the key market trends.
Based on end-use industry, the animal nutrition segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the thiochemicals market due to the strong growth of the oil and gas, and animal nutrition industry in the region.
Rising demand for petrochemical derivatives is driving the market growth.
Taizhou Sunny Chemical Co Ltd, SHINYA CHEM, Arkema SA, Zhongke Fine Chemical Co Ltd, Affon Chemical Co Ltd, TORAY INDUSTRIES INC, Chevron Phillips Chemical Company, Varsal, HEBEI YANUO Bioscience Co Ltd, and Uniwin Chemical Co Ltd are the key players operating in the thiochemicals market.
The Thiochemicals Market is estimated to witness a CAGR of 3% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Thiochemicals Market - By Type
1.3.2Thiochemicals Market - By End use industry
1.3.3Thiochemicals Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.THIOCHEMICALS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.THIOCHEMICALS 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.THIOCHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1.THIOCHEMICALS - GLOBAL MARKET OVERVIEW
6.2.THIOCHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.THIOCHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.MERCAPTANS
7.3.1.Overview
7.3.2.Mercaptans Market Forecast and Analysis
7.4.DIMETHYL DISULFIDE
7.4.1.Overview
7.4.2.Dimethyl Disulfide Market Forecast and Analysis
7.5.DIMETHYL SULFOXIDE
7.5.1.Overview
7.5.2.Dimethyl Sulfoxide Market Forecast and Analysis
7.6.THIOGLYCOLIC ACID AND ESTERS
7.6.1.Overview
7.6.2.Thioglycolic acid and esters Market Forecast and Analysis
7.7.THIOUREA
7.7.1.Overview
7.7.2.Thiourea Market Forecast and Analysis
7.8.OTHERS
7.8.1.Overview
7.8.2.Others Market Forecast and Analysis
8.THIOCHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1.OVERVIEW
8.2.END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3.OIL AND GAS
8.3.1.Overview
8.3.2.Oil and Gas Market Forecast and Analysis
8.4.FOOD AND AGROCHEMICALS
8.4.1.Overview
8.4.2.Food and Agrochemicals Market Forecast and Analysis
8.5.CHEMICALS
8.5.1.Overview
8.5.2.Chemicals Market Forecast and Analysis
8.6.PLASTICS
8.6.1.Overview
8.6.2.Plastics Market Forecast and Analysis
8.7.ELECTRICAL AND ELECTRONICS
8.7.1.Overview
8.7.2.Electrical and Electronics Market Forecast and Analysis
8.8.AUTOMOTIVE AND TRANSPORTATION
8.8.1.Overview
8.8.2.Automotive and Transportation Market Forecast and Analysis
8.9.CONSUMER GOODS
8.9.1.Overview
8.9.2.Consumer Goods Market Forecast and Analysis
8.10.OTHERS
8.10.1.Overview
8.10.2.Others Market Forecast and Analysis
9.THIOCHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Thiochemicals Market Overview
9.1.2North America Thiochemicals Market Forecasts and Analysis
9.1.3North America Thiochemicals Market Forecasts and Analysis - By Type
9.1.4North America Thiochemicals Market Forecasts and Analysis - By End use industry
9.1.5North America Thiochemicals Market Forecasts and Analysis - By Countries
9.1.5.1Canada Thiochemicals Market
9.1.5.1.1Canada Thiochemicals Market by Type
9.1.5.1.2Canada Thiochemicals Market by End use industry
9.1.5.2Mexico Thiochemicals Market
9.1.5.2.1Mexico Thiochemicals Market by Type
9.1.5.2.2Mexico Thiochemicals Market by End use industry
9.1.5.3US Thiochemicals Market
9.1.5.3.1US Thiochemicals Market by Type
9.1.5.3.2US Thiochemicals Market by End use industry
9.2.EUROPE
9.2.1Europe Thiochemicals Market Overview
9.2.2Europe Thiochemicals Market Forecasts and Analysis
9.2.3Europe Thiochemicals Market Forecasts and Analysis - By Type
9.2.4Europe Thiochemicals Market Forecasts and Analysis - By End use industry
9.2.5Europe Thiochemicals Market Forecasts and Analysis - By Countries
9.2.5.1Germany Thiochemicals Market
9.2.5.1.1Germany Thiochemicals Market by Type
9.2.5.1.2Germany Thiochemicals Market by End use industry
9.2.5.2France Thiochemicals Market
9.2.5.2.1France Thiochemicals Market by Type
9.2.5.2.2France Thiochemicals Market by End use industry
9.2.5.3Italy Thiochemicals Market
9.2.5.3.1Italy Thiochemicals Market by Type
9.2.5.3.2Italy Thiochemicals Market by End use industry
9.2.5.4United Kingdom Thiochemicals Market
9.2.5.4.1United Kingdom Thiochemicals Market by Type
9.2.5.4.2United Kingdom Thiochemicals Market by End use industry
9.2.5.5Russia Thiochemicals Market
9.2.5.5.1Russia Thiochemicals Market by Type
9.2.5.5.2Russia Thiochemicals Market by End use industry
9.2.5.6Rest of Europe Thiochemicals Market
9.2.5.6.1Rest of Europe Thiochemicals Market by Type
9.2.5.6.2Rest of Europe Thiochemicals Market by End use industry
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Thiochemicals Market Overview
9.3.2Asia-Pacific Thiochemicals Market Forecasts and Analysis
9.3.3Asia-Pacific Thiochemicals Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Thiochemicals Market Forecasts and Analysis - By End use industry
9.3.5Asia-Pacific Thiochemicals Market Forecasts and Analysis - By Countries
9.3.5.1Australia Thiochemicals Market
9.3.5.1.1Australia Thiochemicals Market by Type
9.3.5.1.2Australia Thiochemicals Market by End use industry
9.3.5.2China Thiochemicals Market
9.3.5.2.1China Thiochemicals Market by Type
9.3.5.2.2China Thiochemicals Market by End use industry
9.3.5.3India Thiochemicals Market
9.3.5.3.1India Thiochemicals Market by Type
9.3.5.3.2India Thiochemicals Market by End use industry
9.3.5.4Japan Thiochemicals Market
9.3.5.4.1Japan Thiochemicals Market by Type
9.3.5.4.2Japan Thiochemicals Market by End use industry
9.3.5.5South Korea Thiochemicals Market
9.3.5.5.1South Korea Thiochemicals Market by Type
9.3.5.5.2South Korea Thiochemicals Market by End use industry
9.3.5.6Rest of Asia-Pacific Thiochemicals Market
9.3.5.6.1Rest of Asia-Pacific Thiochemicals Market by Type
9.3.5.6.2Rest of Asia-Pacific Thiochemicals Market by End use industry
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Thiochemicals Market Overview
9.4.2Middle East and Africa Thiochemicals Market Forecasts and Analysis
9.4.3Middle East and Africa Thiochemicals Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Thiochemicals Market Forecasts and Analysis - By End use industry
9.4.5Middle East and Africa Thiochemicals Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Thiochemicals Market
9.4.5.1.1South Africa Thiochemicals Market by Type
9.4.5.1.2South Africa Thiochemicals Market by End use industry
9.4.5.2Saudi Arabia Thiochemicals Market
9.4.5.2.1Saudi Arabia Thiochemicals Market by Type
9.4.5.2.2Saudi Arabia Thiochemicals Market by End use industry
9.4.5.3U.A.E Thiochemicals Market
9.4.5.3.1U.A.E Thiochemicals Market by Type
9.4.5.3.2U.A.E Thiochemicals Market by End use industry
9.4.5.4Rest of Middle East and Africa Thiochemicals Market
9.4.5.4.1Rest of Middle East and Africa Thiochemicals Market by Type
9.4.5.4.2Rest of Middle East and Africa Thiochemicals Market by End use industry
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Thiochemicals Market Overview
9.5.2South and Central America Thiochemicals Market Forecasts and Analysis
9.5.3South and Central America Thiochemicals Market Forecasts and Analysis - By Type
9.5.4South and Central America Thiochemicals Market Forecasts and Analysis - By End use industry
9.5.5South and Central America Thiochemicals Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Thiochemicals Market
9.5.5.1.1Brazil Thiochemicals Market by Type
9.5.5.1.2Brazil Thiochemicals Market by End use industry
9.5.5.2Argentina Thiochemicals Market
9.5.5.2.1Argentina Thiochemicals Market by Type
9.5.5.2.2Argentina Thiochemicals Market by End use industry
9.5.5.3Rest of South and Central America Thiochemicals Market
9.5.5.3.1Rest of South and Central America Thiochemicals Market by Type
9.5.5.3.2Rest of South and Central America Thiochemicals 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.THIOCHEMICALS MARKET, KEY COMPANY PROFILES
11.1.ARKEMA S.A.
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.BRUNO BOCK CHEMISCHE FABRIK GMBH AND CO. KG
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.CHEVRON PHILLIPS 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.DEXING ZHONGKE FINE CHEMICAL CO. 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.DR. SPIESS CHEMISCHE FABRIK GMBH
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.HEBEI YANUO BIOSCIENCE CO. LTD.
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.LANGFANG JINSHENGHUI CHEMICAL CO. LTD.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.TAIZHOU SUNNY CHEMICAL CO., LTD.
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.TORAY FINE 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.ZHONGKE FINE CHEMICAL CO., LTD.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.Arkema S.A.
2.BRUNO BOCK Chemische Fabrik GmbH and Co. KG
3.Chevron Phillips Chemical Company
4.Dexing Zhongke Fine Chemical Co. Ltd
5.Dr. Spiess Chemische Fabrik GmbH
6.HEBEI YANUO Bioscience Co. Ltd.
7.Langfang Jinshenghui Chemical Co. Ltd.
8.Taizhou Sunny Chemical Co., Ltd.
9.Toray Fine Chemicals Co. Ltd.
10.Zhongke Fine Chemical Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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