Tire Rubber Chemicals Market Key Players, Opportunities, and Forecast by 2031

Coverage: Tire Rubber Chemicals Market covers analysis by Product (Plasticisers, Coupling Agents, Antidegradants, Processing Aid/ Promoters, Other); Application (Automobile Tires, Aircraft Tires, Marine Tires, Other) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00013071
  • Category : Chemicals and Materials
  • No. of Pages : 150
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The Tire Rubber Chemicals Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report presents analysis based on product type (antidegradants, accelerators, plasticisers, flame retardants, and others). The report is segmented by application (automotive, aerospace, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.

Purpose of the Report

The report Tire Rubber Chemicals 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.

Tire Rubber Chemicals Market Segmentation

Product Type
  • Antidegradants
  • Accelerators
  • Plasticisers
  • Flame Retardants
Application
  • Automotive
  • Aerospace

Strategic Insights

Tire Rubber Chemicals Market Growth Drivers
  • Automotive Industry Growth Driving Demand for Specialized Rubber Chemicals: Expansion of automotive industry constitutes key growth-inducing factors for the tire-from rubber chemicals market. The burgeoning production of vehicles across the globe increases production of tires and thus elevates the demand for specialized rubber chemicals used in extending the life, the performance, and safety of the tires.
  • Electric Vehicles and Their Impact on Rubber Chemicals for Tires: On the contrary, the increasing focus on the electric vehicle (EV) is also key in reinforcing the market for rubber chemicals in tires. This will require special tires with specific features such as low rolling resistance and increased traction. Thus, rubber chemicals have the potential of modifying the properties of tire compounds to meet this new demand and thus opening up new avenues for market growth.
  • Consumer Demand for High-Performance Tires Fueling Innovation in Rubber Chemicals: This is also one reason that is conspiring to increase the demand for advanced rubber chemicals: the growing trend among the consumers to go for high-performance and longer-lasting tires. These advanced rubber chemicals have, improved performance, in terms of but not limited to, better fuel efficiency; and establishing higher resistance to wear and traction for different road conditions. Hence, investment by manufacturers in the development of innovatively designed tire compounds will automatically translate into a demand for specialized rubber chemicals to meet the specifications involved.
Tire Rubber Chemicals Market Future Trends
  • Emerging Trends in Bio-Based Rubber Substitutes for Sustainable Tire Manufacturing: Along with that, the emerging trend in the tire rubber chemicals market is the development of bio-based rubber substitutes. This makes environmentally concerned manufacturers look into some possible sustainable solutions like natural rubber from renewable sources or synthetic bio-derived rubbers used as tire materials. Such activities have helped in significantly reducing the carbon footprint of the tire industry.
  • Environmental Regulations Boosting Demand for Bio-Based Rubber Chemicals:Bio-based rubber substitutes are better understood as developing low-impact substitutes over petroleum-based materials used in applications such as tire making. The pursuit of stringent environmental regulations and sustainability targets among car manufacturers has significantly increased the demand for bio-based alternatives, ecologically benefiting the market of tire rubber chemicals.
  • Performance Enhancements in Tires Through Bio-Based Rubber Innovations: In addition to this, improvement of performance in tires is expected to be enhanced through bio-based rubbers. Manufacturers therefore try to maintain or improve some key characteristics such as durability, traction, and rolling resistance, ensuring that environmental goals are achieved while at the same time, such innovations meet the performance requirements specific to modern vehicles, including electric vehicles (EVs), thus fueling the demand for bio-based rubbers chemicals.
Tire Rubber Chemicals Market Opportunities
  • Nanotechnology Enhancing Tire Rubber Performance and Market Growth: Opportunities for value creation in the tire rubber chemicals market stem from nanotechnology enhanced tire materials. Manufacturers can insert different nanoparticles and nanomaterials to enhance the tire rubber performance significantly in strength, durability, and heating resistance. These modern tire materials will need appropriate rubber chemicals for property optimization as well as further propel market evolution.
  • Fuel Efficiency and Low Rolling Resistance Through Nanotechnology in Tires: Nanotechnology is the enabling technology to manufacture tires having low rolling resistances, which ultimately become important in fuel economy. Tires with lower rolling resistances consume less energy and will emit lower emissions to the atmosphere; hence, the demand for this collection source is bound to increase. Thus exhaust future needs of these tires will challenge the current developments in tire rubber chemistry, thereby increasing market growth.
  • Improved Safety and Performance in Tires with Nanotechnology and Rubber Chemicals: Besides that, it would also augment safety and performance characteristics. It has helped in inventing tires with very decent parameters of traction, minimum loss due to wear, and stable performance in higher temperatures. These developments cater to the changing needs and trends of the automobile sector, which demands higher usages of electric vehicles. Such advanced formulations of tires can be further incorporated with rubber chemicals in formulations for tires.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tire Rubber Chemicals 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 Tire Rubber Chemicals 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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the future trend for the tire rubber chemicals market?

The development of bio-based rubber alternatives is expected to be the key market trends.

Based on geography, which region held the largest share of the tire rubber chemicals market?

Based on geography, Asia Pacific held the largest share of the tire rubber chemicals market, due to the region is a major hub for automotive manufacturing, particularly in countries like China, Japan, and India, where high vehicle production rates drive the demand for tires and, consequently, rubber chemicals.

What are the driving factors impacting the tire rubber chemicals market?

The expansion of the automotive industry is driving the market growth.

Which is the fastest growing segment based on product type?

Based on product type, the antidegradants segment is expected to witness the fastest growth during the forecast period

What are the key players operating in the tire rubber chemicals market?

BASF; Dow; Eastman Chemicals Company; Ergon, Inc.; LANXESS AG; EverZinc; Evonik Industries; Hexion; HollyFrontier Corporation; and H and R GROUP are some of the tire rubber chemicals market

What is the expected CAGR of the Tire Rubber Chemicals Market ?

The Tire Rubber Chemicals 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
1.3.1Tire Rubber Chemicals Market - By Product
1.3.2Tire Rubber Chemicals Market - By Application
1.3.3Tire Rubber Chemicals Market - By Region
1.3.3.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.TIRE RUBBER CHEMICALS 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.TIRE RUBBER CHEMICALS 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.TIRE RUBBER CHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1.TIRE RUBBER CHEMICALS - GLOBAL MARKET OVERVIEW
6.2.TIRE RUBBER CHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.TIRE RUBBER CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.PLASTICISERS
7.3.1.Overview
7.3.2.Plasticisers Market Forecast and Analysis
7.4.COUPLING AGENTS
7.4.1.Overview
7.4.2.Coupling Agents Market Forecast and Analysis
7.5.ANTIDEGRADANTS
7.5.1.Overview
7.5.2.Antidegradants Market Forecast and Analysis
7.6.PROCESSING AID/ PROMOTERS
7.6.1.Overview
7.6.2.Processing Aid/ Promoters Market Forecast and Analysis
7.7.OTHER
7.7.1.Overview
7.7.2.Other Market Forecast and Analysis
8.TIRE RUBBER CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.AUTOMOBILE TIRES
8.3.1.Overview
8.3.2.Automobile Tires Market Forecast and Analysis
8.4.AIRCRAFT TIRES
8.4.1.Overview
8.4.2.Aircraft Tires Market Forecast and Analysis
8.5.MARINE TIRES
8.5.1.Overview
8.5.2.Marine Tires Market Forecast and Analysis
8.6.OTHER
8.6.1.Overview
8.6.2.Other Market Forecast and Analysis

9.TIRE RUBBER CHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Tire Rubber Chemicals Market Overview
9.1.2North America Tire Rubber Chemicals Market Forecasts and Analysis
9.1.3North America Tire Rubber Chemicals Market Forecasts and Analysis - By Product
9.1.4North America Tire Rubber Chemicals Market Forecasts and Analysis - By Application
9.1.5North America Tire Rubber Chemicals Market Forecasts and Analysis - By Countries
9.1.5.1Canada Tire Rubber Chemicals Market
9.1.5.1.1Canada Tire Rubber Chemicals Market by Product
9.1.5.1.2Canada Tire Rubber Chemicals Market by Application
9.1.5.2Mexico Tire Rubber Chemicals Market
9.1.5.2.1Mexico Tire Rubber Chemicals Market by Product
9.1.5.2.2Mexico Tire Rubber Chemicals Market by Application
9.1.5.3US Tire Rubber Chemicals Market
9.1.5.3.1US Tire Rubber Chemicals Market by Product
9.1.5.3.2US Tire Rubber Chemicals Market by Application
9.2.EUROPE
9.2.1Europe Tire Rubber Chemicals Market Overview
9.2.2Europe Tire Rubber Chemicals Market Forecasts and Analysis
9.2.3Europe Tire Rubber Chemicals Market Forecasts and Analysis - By Product
9.2.4Europe Tire Rubber Chemicals Market Forecasts and Analysis - By Application
9.2.5Europe Tire Rubber Chemicals Market Forecasts and Analysis - By Countries
9.2.5.1Germany Tire Rubber Chemicals Market
9.2.5.1.1Germany Tire Rubber Chemicals Market by Product
9.2.5.1.2Germany Tire Rubber Chemicals Market by Application
9.2.5.2France Tire Rubber Chemicals Market
9.2.5.2.1France Tire Rubber Chemicals Market by Product
9.2.5.2.2France Tire Rubber Chemicals Market by Application
9.2.5.3Italy Tire Rubber Chemicals Market
9.2.5.3.1Italy Tire Rubber Chemicals Market by Product
9.2.5.3.2Italy Tire Rubber Chemicals Market by Application
9.2.5.4United Kingdom Tire Rubber Chemicals Market
9.2.5.4.1United Kingdom Tire Rubber Chemicals Market by Product
9.2.5.4.2United Kingdom Tire Rubber Chemicals Market by Application
9.2.5.5Russia Tire Rubber Chemicals Market
9.2.5.5.1Russia Tire Rubber Chemicals Market by Product
9.2.5.5.2Russia Tire Rubber Chemicals Market by Application
9.2.5.6Rest of Europe Tire Rubber Chemicals Market
9.2.5.6.1Rest of Europe Tire Rubber Chemicals Market by Product
9.2.5.6.2Rest of Europe Tire Rubber Chemicals Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Tire Rubber Chemicals Market Overview
9.3.2Asia-Pacific Tire Rubber Chemicals Market Forecasts and Analysis
9.3.3Asia-Pacific Tire Rubber Chemicals Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Tire Rubber Chemicals Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Tire Rubber Chemicals Market Forecasts and Analysis - By Countries
9.3.5.1Australia Tire Rubber Chemicals Market
9.3.5.1.1Australia Tire Rubber Chemicals Market by Product
9.3.5.1.2Australia Tire Rubber Chemicals Market by Application
9.3.5.2China Tire Rubber Chemicals Market
9.3.5.2.1China Tire Rubber Chemicals Market by Product
9.3.5.2.2China Tire Rubber Chemicals Market by Application
9.3.5.3India Tire Rubber Chemicals Market
9.3.5.3.1India Tire Rubber Chemicals Market by Product
9.3.5.3.2India Tire Rubber Chemicals Market by Application
9.3.5.4Japan Tire Rubber Chemicals Market
9.3.5.4.1Japan Tire Rubber Chemicals Market by Product
9.3.5.4.2Japan Tire Rubber Chemicals Market by Application
9.3.5.5South Korea Tire Rubber Chemicals Market
9.3.5.5.1South Korea Tire Rubber Chemicals Market by Product
9.3.5.5.2South Korea Tire Rubber Chemicals Market by Application
9.3.5.6Rest of Asia-Pacific Tire Rubber Chemicals Market
9.3.5.6.1Rest of Asia-Pacific Tire Rubber Chemicals Market by Product
9.3.5.6.2Rest of Asia-Pacific Tire Rubber Chemicals Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Tire Rubber Chemicals Market Overview
9.4.2Middle East and Africa Tire Rubber Chemicals Market Forecasts and Analysis
9.4.3Middle East and Africa Tire Rubber Chemicals Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Tire Rubber Chemicals Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Tire Rubber Chemicals Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Tire Rubber Chemicals Market
9.4.5.1.1South Africa Tire Rubber Chemicals Market by Product
9.4.5.1.2South Africa Tire Rubber Chemicals Market by Application
9.4.5.2Saudi Arabia Tire Rubber Chemicals Market
9.4.5.2.1Saudi Arabia Tire Rubber Chemicals Market by Product
9.4.5.2.2Saudi Arabia Tire Rubber Chemicals Market by Application
9.4.5.3U.A.E Tire Rubber Chemicals Market
9.4.5.3.1U.A.E Tire Rubber Chemicals Market by Product
9.4.5.3.2U.A.E Tire Rubber Chemicals Market by Application
9.4.5.4Rest of Middle East and Africa Tire Rubber Chemicals Market
9.4.5.4.1Rest of Middle East and Africa Tire Rubber Chemicals Market by Product
9.4.5.4.2Rest of Middle East and Africa Tire Rubber Chemicals Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Tire Rubber Chemicals Market Overview
9.5.2South and Central America Tire Rubber Chemicals Market Forecasts and Analysis
9.5.3South and Central America Tire Rubber Chemicals Market Forecasts and Analysis - By Product
9.5.4South and Central America Tire Rubber Chemicals Market Forecasts and Analysis - By Application
9.5.5South and Central America Tire Rubber Chemicals Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Tire Rubber Chemicals Market
9.5.5.1.1Brazil Tire Rubber Chemicals Market by Product
9.5.5.1.2Brazil Tire Rubber Chemicals Market by Application
9.5.5.2Argentina Tire Rubber Chemicals Market
9.5.5.2.1Argentina Tire Rubber Chemicals Market by Product
9.5.5.2.2Argentina Tire Rubber Chemicals Market by Application
9.5.5.3Rest of South and Central America Tire Rubber Chemicals Market
9.5.5.3.1Rest of South and Central America Tire Rubber Chemicals Market by Product
9.5.5.3.2Rest of South and Central America Tire Rubber Chemicals 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.TIRE RUBBER CHEMICALS MARKET, KEY COMPANY PROFILES
11.1.BASF
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.DOW
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.EASTMAN CHEMICALS 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.ERGON
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.EVERZINC
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.EVONIK
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.H AND R GROUP
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.HEPSEN KIMYA
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.HEXION
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.HOLLYFRONTIER
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. BASF
2. Dow
3. Eastman Chemicals Company
4. Ergon
5. Everzinc
6. Evonik
7. H and R Group
8. Hepsen Kimya
9. Hexion
10. Hollyfrontier

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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