Thionyl Chloride Market Opportunities, Forecast, Competitive Analysis till 2031

Coverage: Thionyl Chloride Market covers analysis by Type (Refined Products, First-Rate Products, Second Rate Products); Application (Pharmaceutical Industry, Pesticide Industry, Dye Industry, Organic Synthesis Industry, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00011258
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Thionyl Chloride Market Growth Drivers and Opportunities by 2031

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The Thionyl Chloride Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The thionyl chloride market report is segmented by grade (technical grade and pharmaceutical grade). The market is segmented based on production process (sulfur trioxide route, sulfur dioxide route, and others). The market is segmented based on application (agrochemicals, pharmaceuticals, dyes and pigments, organic synthesis, batteries, 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 Report

The report Thionyl Chloride 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.

Thionyl Chloride Market Segmentation

Grade
  • Technical Grade
  • Pharmaceutical Grade
Production Process
  • Sulfur Trioxide Route
  • Sulfur Dioxide Route

Strategic Insights

Thionyl Chloride Market Growth Drivers
  • Growing Demand in Chemical Synthesis: Thionyl chloride is widely used as a reagent in the synthesis of chemicals such as pesticides, pharmaceuticals, and specialty chemicals. Its ability to chlorinate and sulfonate organic compounds makes it indispensable in the chemical industry, driving its market growth.
  • Expansion of Pharmaceutical and Agrochemical Industries: The pharmaceutical and agrochemical sectors are key consumers of thionyl chloride, where it is used to produce active ingredients, crop protection chemicals, and intermediates. With the expansion of these industries globally, the demand for thionyl chloride continues to rise.
  • Increase in Energy and Petrochemical Applications: Thionyl chloride is also used in refining and energy industries, including the production of batteries, lubricants, and as a chlorinating agent in oil processing. As global energy and petrochemical industries expand, the need for thionyl chloride to support these processes is growing.
Thionyl Chloride Market Future Trends
  • Increased Demand from Chemical Manufacturing: Thionyl chloride is widely used in the production of a range of chemicals, including pesticides, herbicides, and pharmaceuticals. It is a critical intermediate for synthesizing sulfonyl chlorides and other chemicals used in the manufacturing of various industrial products. As the global chemical industry expands, particularly in emerging economies, the demand for thionyl chloride is expected to grow, driven by increased production and consumption of specialty chemicals.
  • Growth in Pharmaceutical and Agrochemical Sectors: Thionyl chloride plays a crucial role in the pharmaceutical and agrochemical industries, where it is used for synthesizing active ingredients and intermediates. The increasing demand for agrochemicals, driven by the need for higher agricultural productivity, and the growth of the pharmaceutical sector are significant factors driving the demand for thionyl chloride. The trend toward more efficient, scalable production processes in these industries further supports the market's expansion.
  • Technological Advancements in Manufacturing: Innovations in manufacturing processes are improving the efficiency and safety of thionyl chloride production, which is fostering market growth. The development of more advanced, cost-effective, and environmentally friendly production techniques is enhancing the availability and affordability of thionyl chloride. Additionally, growing awareness of its potential applications in energy storage, particularly in lithium batteries, is opening new opportunities for its use in the energy sector, further boosting market prospects.
Thionyl Chloride Market Opportunities
  • Rising Demand in the Pharmaceutical Industry: Thionyl chloride is widely used as a reagent in the production of pharmaceuticals, especially in the synthesis of active pharmaceutical ingredients (APIs) and intermediates. The increasing demand for generic and specialty drugs, particularly in emerging markets, is driving the need for thionyl chloride as it plays a crucial role in chemical synthesis and formulation.
  • Growth in Agrochemicals and Chemical Manufacturing: Thionyl chloride is an essential intermediate in the production of herbicides, pesticides, and other agrochemicals. Its use in the manufacturing of chemicals like chlorinating agents, plastics, and dyes is also increasing. As the global population grows and demand for agricultural products rises, the need for efficient agrochemical production is expanding, boosting the demand for thionyl chloride.
  • Expanding Use in Battery Technologies: Thionyl chloride is a key component in the production of lithium thionyl chloride (Li-SOCl2) batteries, which are widely used in high-performance, long-life battery applications such as in military, medical devices, and consumer electronics. With the increasing use of advanced batteries in electric vehicles (EVs) and other electronic devices, the market for thionyl chloride is growing.

Market Report Scope

Key Selling Points

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

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the future trend for thionyl chloride market?

Shift towards green chemistry and sustainable production is expected to be the key market trends.

What are the driving factors impacting the thionyl chloride market ?

Growing demand in chemical synthesis and industrial applications are driving the market growth.

What are the key players operating in the thionyl chloride market?

Solvay SA, Lanxess AG, Merck KGaA, CABB Group, Transpek Industries Ltd, Angene International Limited, Aurora Fine Chemicals LLC, Jiangxi Selon Industrial Co. Ltd, Hangzhou Trylead Chemical Technology, and Bodal Chemicals Limited are the key players operating in the thionyl chloride market.

Which is the fastest growing segment based on application?

Based on application, the agrochemicals segment is expected to witness the fastest growth during the forecast period.

Based on geography, which region held the largest share of the thionyl chloride market?

Based on geography, Asia Pacific held the largest share of the thionyl chloride market due to the strong growth of the industrial sector in the region.

What is the expected CAGR of the Thionyl Chloride Market?

The Thionyl Chloride Market is estimated to witness a CAGR of 4% from 2023 to 2031

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 Thionyl Chloride Market - By Type
1.3.2 Thionyl Chloride Market - By Application
1.3.3 Thionyl Chloride Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. THIONYL CHLORIDE 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. THIONYL CHLORIDE 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. THIONYL CHLORIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. THIONYL CHLORIDE - GLOBAL MARKET OVERVIEW
6.2. THIONYL CHLORIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. THIONYL CHLORIDE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. REFINED PRODUCTS
7.3.1. Overview
7.3.2. Refined Products Market Forecast and Analysis
7.4. FIRST-RATE PRODUCTS
7.4.1. Overview
7.4.2. First-Rate Products Market Forecast and Analysis
7.5. SECOND RATE PRODUCTS
7.5.1. Overview
7.5.2. Second Rate Products Market Forecast and Analysis
8. THIONYL CHLORIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICAL INDUSTRY
8.3.1. Overview
8.3.2. Pharmaceutical Industry Market Forecast and Analysis
8.4. PESTICIDE INDUSTRY
8.4.1. Overview
8.4.2. Pesticide Industry Market Forecast and Analysis
8.5. DYE INDUSTRY
8.5.1. Overview
8.5.2. Dye Industry Market Forecast and Analysis
8.6. ORGANIC SYNTHESIS INDUSTRY
8.6.1. Overview
8.6.2. Organic Synthesis Industry Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. THIONYL CHLORIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Thionyl Chloride Market Overview
9.1.2 North America Thionyl Chloride Market Forecasts and Analysis
9.1.3 North America Thionyl Chloride Market Forecasts and Analysis - By Type
9.1.4 North America Thionyl Chloride Market Forecasts and Analysis - By Application
9.1.5 North America Thionyl Chloride Market Forecasts and Analysis - By Countries
9.1.5.1 United States Thionyl Chloride Market
9.1.5.1.1 United States Thionyl Chloride Market by Type
9.1.5.1.2 United States Thionyl Chloride Market by Application
9.1.5.2 Canada Thionyl Chloride Market
9.1.5.2.1 Canada Thionyl Chloride Market by Type
9.1.5.2.2 Canada Thionyl Chloride Market by Application
9.1.5.3 Mexico Thionyl Chloride Market
9.1.5.3.1 Mexico Thionyl Chloride Market by Type
9.1.5.3.2 Mexico Thionyl Chloride Market by Application
9.2. EUROPE
9.2.1 Europe Thionyl Chloride Market Overview
9.2.2 Europe Thionyl Chloride Market Forecasts and Analysis
9.2.3 Europe Thionyl Chloride Market Forecasts and Analysis - By Type
9.2.4 Europe Thionyl Chloride Market Forecasts and Analysis - By Application
9.2.5 Europe Thionyl Chloride Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Thionyl Chloride Market
9.2.5.1.1 Germany Thionyl Chloride Market by Type
9.2.5.1.2 Germany Thionyl Chloride Market by Application
9.2.5.2 France Thionyl Chloride Market
9.2.5.2.1 France Thionyl Chloride Market by Type
9.2.5.2.2 France Thionyl Chloride Market by Application
9.2.5.3 Italy Thionyl Chloride Market
9.2.5.3.1 Italy Thionyl Chloride Market by Type
9.2.5.3.2 Italy Thionyl Chloride Market by Application
9.2.5.4 United Kingdom Thionyl Chloride Market
9.2.5.4.1 United Kingdom Thionyl Chloride Market by Type
9.2.5.4.2 United Kingdom Thionyl Chloride Market by Application
9.2.5.5 Russia Thionyl Chloride Market
9.2.5.5.1 Russia Thionyl Chloride Market by Type
9.2.5.5.2 Russia Thionyl Chloride Market by Application
9.2.5.6 Rest of Europe Thionyl Chloride Market
9.2.5.6.1 Rest of Europe Thionyl Chloride Market by Type
9.2.5.6.2 Rest of Europe Thionyl Chloride Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Thionyl Chloride Market Overview
9.3.2 Asia-Pacific Thionyl Chloride Market Forecasts and Analysis
9.3.3 Asia-Pacific Thionyl Chloride Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Thionyl Chloride Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Thionyl Chloride Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Thionyl Chloride Market
9.3.5.1.1 Australia Thionyl Chloride Market by Type
9.3.5.1.2 Australia Thionyl Chloride Market by Application
9.3.5.2 China Thionyl Chloride Market
9.3.5.2.1 China Thionyl Chloride Market by Type
9.3.5.2.2 China Thionyl Chloride Market by Application
9.3.5.3 India Thionyl Chloride Market
9.3.5.3.1 India Thionyl Chloride Market by Type
9.3.5.3.2 India Thionyl Chloride Market by Application
9.3.5.4 Japan Thionyl Chloride Market
9.3.5.4.1 Japan Thionyl Chloride Market by Type
9.3.5.4.2 Japan Thionyl Chloride Market by Application
9.3.5.5 South Korea Thionyl Chloride Market
9.3.5.5.1 South Korea Thionyl Chloride Market by Type
9.3.5.5.2 South Korea Thionyl Chloride Market by Application
9.3.5.6 Rest of SouthEast Asia Thionyl Chloride Market
9.3.5.6.1 Rest of SouthEast Asia Thionyl Chloride Market by Type
9.3.5.6.2 Rest of SouthEast Asia Thionyl Chloride Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Thionyl Chloride Market Overview
9.4.2 Middle East and Africa Thionyl Chloride Market Forecasts and Analysis
9.4.3 Middle East and Africa Thionyl Chloride Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Thionyl Chloride Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Thionyl Chloride Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Thionyl Chloride Market
9.4.5.1.1 South Africa Thionyl Chloride Market by Type
9.4.5.1.2 South Africa Thionyl Chloride Market by Application
9.4.5.2 Saudi Arabia Thionyl Chloride Market
9.4.5.2.1 Saudi Arabia Thionyl Chloride Market by Type
9.4.5.2.2 Saudi Arabia Thionyl Chloride Market by Application
9.4.5.3 U.A.E Thionyl Chloride Market
9.4.5.3.1 U.A.E Thionyl Chloride Market by Type
9.4.5.3.2 U.A.E Thionyl Chloride Market by Application
9.4.5.4 Rest of Middle East and Africa Thionyl Chloride Market
9.4.5.4.1 Rest of Middle East and Africa Thionyl Chloride Market by Type
9.4.5.4.2 Rest of Middle East and Africa Thionyl Chloride Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Thionyl Chloride Market Overview
9.5.2 South and Central America Thionyl Chloride Market Forecasts and Analysis
9.5.3 South and Central America Thionyl Chloride Market Forecasts and Analysis - By Type
9.5.4 South and Central America Thionyl Chloride Market Forecasts and Analysis - By Application
9.5.5 South and Central America Thionyl Chloride Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Thionyl Chloride Market
9.5.5.1.1 Brazil Thionyl Chloride Market by Type
9.5.5.1.2 Brazil Thionyl Chloride Market by Application
9.5.5.2 Argentina Thionyl Chloride Market
9.5.5.2.1 Argentina Thionyl Chloride Market by Type
9.5.5.2.2 Argentina Thionyl Chloride Market by Application
9.5.5.3 Rest of South and Central America Thionyl Chloride Market
9.5.5.3.1 Rest of South and Central America Thionyl Chloride Market by Type
9.5.5.3.2 Rest of South and Central America Thionyl Chloride 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. THIONYL CHLORIDE MARKET, KEY COMPANY PROFILES
11.1. CABB GMBH
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. CHANGZHOU XUDONG CHEMICAL CO. LTD.
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. JIANG XI SELON INDUSTRY CO. LTD.
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. KETAN CHEMICAL CORPORATION
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. LANXESS AG
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. SHANDONG KAISHENG NEW MATERIALS 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. SHANGYU WOLONG CHEMICAL INDUSTRY LIMITED COMPANY
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. SHREENATHJI CHEMICALS
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. SICHUAN BOXING
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. TRANSPEK INDUSTRY 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. CABB GmbH
2. Changzhou Xudong Chemical Co. Ltd.
3. Jiang Xi Selon Industry Co. Ltd.
4. Ketan Chemical Corporation
5. Lanxess AG
6. Shandong Kaisheng New Materials Co. Ltd.
7. Shangyu Wolong Chemical Industry Limited Company
8. Shreenathji Chemicals
9. Sichuan Boxing
10. Transpek Industry 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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