Titanium Chloride Market Size and CAGR by 2031
The Titanium Chloride Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The titanium chloride market report is segmented by type (anhydrous titanium chloride, titanium chloride slurry, and others). The market is segmented based on application (titanium dioxide, titanium metal, and others). The market is segmented based on end-use industry (aerospace and defense, automotive, medical and healthcare, consumer goods, energy, 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 Titanium 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.
Titanium Chloride Market Segmentation
Type- Anhydrous Titanium Chloride
- Titanium Chloride Slurry
- Titanium Dioxide
- Titanium Metal
- Aerospace and Defense
- Automotive
- Medical and Healthcare
- Consumer Goods
- Energy
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Titanium Chloride Market Growth Drivers- Growing Demand for Titanium Dioxide (TiO2): One of the most vital raw materials for manufacturing titanium dioxide (TiO2) is titanium chloride. TiO2 is widely popular in many industries, including paints, coatings, plastics, and cosmetics. The increasing demand of white pigments and blocking agent from ultraviolet rays using TiO2 will absorb into the global market. A major part of the many consumer and industrial processes went in the making of TiCl, as that constitutes an important chemical operation for it.
- High Demand for Titanium Alloys: Titanium-alloys are high demand alloys that have applications in several areas such as aerospace, medical devices, and manufacture, where poor mechanical properties in the final parts can cause damage to their uses. It produces high-purity titanium metal, which serves as an important raw material for titanium-alloy production. The demand of industries from time to time would include more advanced formation of titanium-based alloys for specific applications such as in medical implants or aircraft parts to have increased demand for titanium chloride as one of the growing inputs for its production.
- Critical Role in Aerospace and Automotive Engineering: The raw material for producing highly pure titanium metals, applications of which are in aerospace, defense, and automobile engineering, is titanium chloride. Titanium has excellent strength-to-weight ratio, corrosion resistance, and high-temperature stability, making it important for these engineering applications. The materials required to work under these conditions are very light and tough and will be a very significant driving factor for the consumption of titanium chloride as precursor titanium for aerospace and automotive engineering manufacturing.
- Improvement in the Chloride Process for Efficiency and Cost-Effectiveness: The chloride process is essentially the process being employed for producing titanium dioxide (TiO2), as well as high purity titanium metal. Given the rising demands for the titanium dioxide product along with demand for titanium alloys, improving the chloride process for efficiency and cost-effectiveness has appeared very imminent. Innovations into more efficient extraction methods and better purification techniques will drive the market for titanium chloride. Expectedly, these improvements will reduce cost, have lesser environmental impacts, and indeed improve overall productive capacities.
- Sustainability and Environmental Concerns: In keeping pace with this worldwide march across many industrial sectors towards sustainability, attention is now easily more inclined to the having less environmental footprint of titanium chloride production. The use of chlorine and carbon at high temperatures also results in carbon emissions in the manufacture of such titanium chlorides. Technology will continue to develop for greater reductions in carbon use during titanium chloride production by cleaner methods and improved recycling. These would include things like using renewable energies in production processes and making the whole manufacturing process of titanium chlorides more eco-friendly.
- Growth in 3D Printing and Additive Manufacturing: It has found use in making high-end titanium metal powder, and this powder is further being synthesized in 3D printing and additive manufacturing technologies. As more aerospace, automotive, and healthcare companies gradually get into part-additive manufacturing, demand for these powders will definitely increase. This recent trend has opened many avenues for the titanium chloride market because it is much in need of high-purity and consistent titanium powders to be prepared for 3D printing applications.
- Growing Demand in Emerging Markets: The emerging markets of China, India, and Brazil are witnessing an increasing demand for titanium chloride as a result of industrialization, infrastructural development, and increased manufacturing activities in these countries. That is why they are today focusing on establishing stronger aerospace, automotive, and defense sectors, which will serve to further increase consumption of titanium chloride in producing high-purity titanium. Hence, the optimal schemes of companies may be establishing manufacturing plants, partnerships, and distribution networks in these countries so that they profit from the growth of these regions.
- Titanium Alloys for Specialized Applications: The titanium chloride is thus an important chemicals in the manufacture of hyperelemental titanium metal, which is used to obtain wonderful titanium alloys. Ample opportunities exist in the production of specialized alloys of titanium intended for new sectors such as medical implants, energy, and electronics. The hot demand in materials able to survive extreme temperatures, pressure, and corrosion of environments like those used in energy and medical technology will boost further utilization of titanium chloride in alloys.
- Titanium Alloys in Renewable Energy Applications: As the demand for such advanced materials has increased along with the increased generation of renewable energy, it has also included titanium alloys in manufacturing solar panels, wind turbines, and energy storage systems. Such renewable energy sources are very much dependent on titanium for efficient functioning. In such applications, titanium offers high-strength, low-weight components that are highly durable and corrosion resistant. The expanding use of titanium in applications such as fuel cells or energy storage thus has an impact on the titanium chloride market since this is the feedstock for titanium manufacture that serves these industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Titanium 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 Titanium 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
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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
The Titanium Chloride Market is estimated to witness a CAGR of 4% from 2023 to 2031
Growth in titanium dioxide (TiO2) production are driving the market growth.
Huntsman Corporation, Chemours Company, Kronos Worldwide Inc, Lomon Billions Group, Iluka Resources Limited, Tronox Holdings, Taiwan Semiconductor Manufacturing Company, Zhejiang Materials Industry Group, Shandong Dongjia Group, and Valence Surface Technologies are the key players operating in the titanium chloride market.
Based on end-use industry, the energy segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the titanium chloride market due to the strong growth of the automotive and energy sector in the region.
Advancements in chloride process technology are expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Titanium Chloride Market - By Grade
1.3.2 Titanium Chloride Market - By Application
1.3.3 Titanium Chloride Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TITANIUM 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. TITANIUM 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TITANIUM CHLORIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. TITANIUM CHLORIDE - GLOBAL MARKET OVERVIEW
6.2. TITANIUM CHLORIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TITANIUM CHLORIDE MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. ELECTRONIC GRADE
7.3.1. Overview
7.3.2. Electronic Grade Market Forecast and Analysis
7.4. INDUSTRY GRADE
7.4.1. Overview
7.4.2. Industry Grade Market Forecast and Analysis
8. TITANIUM CHLORIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAINTS & COATINGS
8.3.1. Overview
8.3.2. Paints & Coatings Market Forecast and Analysis
8.4. PIGMENTS
8.4.1. Overview
8.4.2. Pigments Market Forecast and Analysis
8.5. PLASTICS
8.5.1. Overview
8.5.2. Plastics Market Forecast and Analysis
8.6. ELECTRONICS
8.6.1. Overview
8.6.2. Electronics Market Forecast and Analysis
8.7. MINERALS
8.7.1. Overview
8.7.2. Minerals Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. TITANIUM CHLORIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Titanium Chloride Market Overview
9.1.2 North America Titanium Chloride Market Forecasts and Analysis
9.1.3 North America Titanium Chloride Market Forecasts and Analysis - By Grade
9.1.4 North America Titanium Chloride Market Forecasts and Analysis - By Application
9.1.5 North America Titanium Chloride Market Forecasts and Analysis - By Countries
9.1.5.1 United States Titanium Chloride Market
9.1.5.1.1 United States Titanium Chloride Market by Grade
9.1.5.1.2 United States Titanium Chloride Market by Application
9.1.5.2 Canada Titanium Chloride Market
9.1.5.2.1 Canada Titanium Chloride Market by Grade
9.1.5.2.2 Canada Titanium Chloride Market by Application
9.1.5.3 Mexico Titanium Chloride Market
9.1.5.3.1 Mexico Titanium Chloride Market by Grade
9.1.5.3.2 Mexico Titanium Chloride Market by Application
9.2. EUROPE
9.2.1 Europe Titanium Chloride Market Overview
9.2.2 Europe Titanium Chloride Market Forecasts and Analysis
9.2.3 Europe Titanium Chloride Market Forecasts and Analysis - By Grade
9.2.4 Europe Titanium Chloride Market Forecasts and Analysis - By Application
9.2.5 Europe Titanium Chloride Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Titanium Chloride Market
9.2.5.1.1 Germany Titanium Chloride Market by Grade
9.2.5.1.2 Germany Titanium Chloride Market by Application
9.2.5.2 France Titanium Chloride Market
9.2.5.2.1 France Titanium Chloride Market by Grade
9.2.5.2.2 France Titanium Chloride Market by Application
9.2.5.3 Italy Titanium Chloride Market
9.2.5.3.1 Italy Titanium Chloride Market by Grade
9.2.5.3.2 Italy Titanium Chloride Market by Application
9.2.5.4 United Kingdom Titanium Chloride Market
9.2.5.4.1 United Kingdom Titanium Chloride Market by Grade
9.2.5.4.2 United Kingdom Titanium Chloride Market by Application
9.2.5.5 Russia Titanium Chloride Market
9.2.5.5.1 Russia Titanium Chloride Market by Grade
9.2.5.5.2 Russia Titanium Chloride Market by Application
9.2.5.6 Rest of Europe Titanium Chloride Market
9.2.5.6.1 Rest of Europe Titanium Chloride Market by Grade
9.2.5.6.2 Rest of Europe Titanium Chloride Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Titanium Chloride Market Overview
9.3.2 Asia-Pacific Titanium Chloride Market Forecasts and Analysis
9.3.3 Asia-Pacific Titanium Chloride Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Titanium Chloride Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Titanium Chloride Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Titanium Chloride Market
9.3.5.1.1 Australia Titanium Chloride Market by Grade
9.3.5.1.2 Australia Titanium Chloride Market by Application
9.3.5.2 China Titanium Chloride Market
9.3.5.2.1 China Titanium Chloride Market by Grade
9.3.5.2.2 China Titanium Chloride Market by Application
9.3.5.3 India Titanium Chloride Market
9.3.5.3.1 India Titanium Chloride Market by Grade
9.3.5.3.2 India Titanium Chloride Market by Application
9.3.5.4 Japan Titanium Chloride Market
9.3.5.4.1 Japan Titanium Chloride Market by Grade
9.3.5.4.2 Japan Titanium Chloride Market by Application
9.3.5.5 South Korea Titanium Chloride Market
9.3.5.5.1 South Korea Titanium Chloride Market by Grade
9.3.5.5.2 South Korea Titanium Chloride Market by Application
9.3.5.6 Rest of Asia-Pacific Titanium Chloride Market
9.3.5.6.1 Rest of Asia-Pacific Titanium Chloride Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Titanium Chloride Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Titanium Chloride Market Overview
9.4.2 Middle East and Africa Titanium Chloride Market Forecasts and Analysis
9.4.3 Middle East and Africa Titanium Chloride Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Titanium Chloride Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Titanium Chloride Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Titanium Chloride Market
9.4.5.1.1 South Africa Titanium Chloride Market by Grade
9.4.5.1.2 South Africa Titanium Chloride Market by Application
9.4.5.2 Saudi Arabia Titanium Chloride Market
9.4.5.2.1 Saudi Arabia Titanium Chloride Market by Grade
9.4.5.2.2 Saudi Arabia Titanium Chloride Market by Application
9.4.5.3 U.A.E Titanium Chloride Market
9.4.5.3.1 U.A.E Titanium Chloride Market by Grade
9.4.5.3.2 U.A.E Titanium Chloride Market by Application
9.4.5.4 Rest of Middle East and Africa Titanium Chloride Market
9.4.5.4.1 Rest of Middle East and Africa Titanium Chloride Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Titanium Chloride Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Titanium Chloride Market Overview
9.5.2 South and Central America Titanium Chloride Market Forecasts and Analysis
9.5.3 South and Central America Titanium Chloride Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Titanium Chloride Market Forecasts and Analysis - By Application
9.5.5 South and Central America Titanium Chloride Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Titanium Chloride Market
9.5.5.1.1 Brazil Titanium Chloride Market by Grade
9.5.5.1.2 Brazil Titanium Chloride Market by Application
9.5.5.2 Argentina Titanium Chloride Market
9.5.5.2.1 Argentina Titanium Chloride Market by Grade
9.5.5.2.2 Argentina Titanium Chloride Market by Application
9.5.5.3 Rest of South and Central America Titanium Chloride Market
9.5.5.3.1 Rest of South and Central America Titanium Chloride Market by Grade
9.5.5.3.2 Rest of South and Central America Titanium 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. TITANIUM CHLORIDE MARKET, KEY COMPANY PROFILES
11.1. CANGZHOU HELI CHEMICAL CO., LTD.
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. CRISTAL
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. ISHIHARA SANGYO KAISHA, 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. KRONOS WORLDWIDE, INC.
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. OSAKA TITANIUM TECHNOLOGIES CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. THE CHEMOURS COMPANY
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. TOHO TITANIUM 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. TRONOX LIMITED
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. VENATOR MATERIALS PLC.
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. XIANTAO ZHONGXING ELECTRONIC MATERIALS 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. Cangzhou Heli Chemical Co., Ltd.
2. CRISTAL
3. ISHIHARA SANGYO KAISHA, LTD.
4. KRONOS Worldwide, Inc.
5. OSAKA Titanium Technologies Co.,Ltd.
6. The Chemours Company
7. TOHO TITANIUM CO., LTD.
8. Tronox Limited
9. Venator Materials PLC.
10. Xiantao Zhongxing Electronic Materials 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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