Wood Activated Carbon Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Wood Activated Carbon Market covers analysis by Product (Powdered, Granular); End-Use Industry (Air treatment, Water treatment, Food and beverage, Pharmaceutical, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00006401
  • Category : Chemicals and Materials
  • No. of Pages : 150
Buy Now

Wood Activated Carbon Market Updates by 2031

Buy Now

The Wood Activated Carbon Market is expected to register a CAGR of 8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report presents analysis based on product (powdered and granular). The report presents analysis based on application (gas adsorption, removal of impurities, decolorization, and others). The report presents analysis based on end user (water treatment, food and beverage, pharmaceutical, automotive, 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 Wood Activated Carbon 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.

Wood Activated Carbon Market Segmentation

Product
  • Powdered and Granular
Application
  • Gas Adsorption
  • Removal of Impurities
  • Decolorization
  • Others
End User
  • Water treatment
  • Food and beverage
  • Pharmaceutical
  • Automotive
  • Others

Strategic Insights

Wood Activated Carbon Market Growth Drivers
  • Expansion of Municipal Consumption: Major factors driving the wood activated carbon market are increasing demand for air and water purification and growing water and air pollution concerns worldwide. Industries and municipalities will always rely on activated carbon to remove impurities as the global concern about either air pollution or water contamination increases. Wood-based activated carbon has proved itself in water filtration because of its property of having a highly increased surface area and adsorption.
  • Rising Demand from Water Purification: Activated carbon is essential in water purification to remove some exotically harmful alkaloidal properties, like chlorine, volatile organic compounds, and heavy metals. Thus, with water treatment being a priority worldwide, even in developing countries, there is a growing demand for wood-activated charcoal. Municipalities are therefore, the major consumers of the consumed materials.
  • Increasing Demand for Air Pollution Control: The increasing air pollution and the strict rules for air quality standards are also boosting the market expansion. Wood activated carbon can be used in air filtration in order to purify the air by treating harmful gases, odors, and airborne particulates. The adopters of activated carbon in air filters, both in industries and residential buildings, tend to increase with the growing awareness of the health risks from pollutants in the air.
Wood Activated Carbon Market Future Trends
  • Increasing Focus on Eco-Friendly Production Processes: Wood activated carbon trends in emerging future expected status toward eco-friendly manufacturing. With growing chances of people caring about environmental safety, the pressure is mounting on industry sectors for environmentally responsible manufacturing processes. Many companies are now focusing on cutting down energy and waste during activation in production.
  • Sourcing of Sustainable Raw Materials: Wood-based activated carbon is more sustainable than all other forms of activated carbon because it derives from renewable resources and raw materials like wood and biomass; sawdust, wood chips, and agricultural residues are sustainable sources being increasingly used by many manufacturers.
  • Rising Focus on Reduction in Emissions: Innovative approaches are also in place to revolutionize production processes with the specific aim of reducing enhanced emissions with improved efficiency. Investment in these was made through clean technologies, such as fluidized bed reactors and steam activation processes, which allow reduced energy consumption and lower pollution levels. These improvements, however, would create a balance for the manufacturers and the environmental regulatory restrictions and guide consumer preference toward greener products.
Wood Activated Carbon Market Opportunities
  • Escalating Demand from Air and Water Purification in Pharmaceutical Manufacturing: Filtration systems are widely adopted in the pharmaceutical and medical segments for critical applications, such as air purification, water treatment, and drug manufacturing. Wood-based activated carbon is primarily associated with high adsorption capacity, which means it is essential to remove impurities and contaminants from different processes to provide both safety and quality. Indeed, this increasing demand is a good area in which much opportunity is presented.
  • Increasing Usage in Detoxification and Medical Treatments: The derived wood activated carbon would be commonly used in the production of purified air or water in the pharmaceutical facility. It absorbs harmful volatile organic compounds and toxins, thus adhering to the strict quality specifications required by regulatory bodies. This results in an increased activated carbon supply, driving growth in the market.
  • Rising Demand from Filtration Systems in Critical Healthcare Applications: Wood activated carbon is used in the medical field for detoxification and the manufacture of some medical devices. Activated carbon absorption of toxins and drugs is the primary area of medical treatment that uses activated carbon, such as gastric lavage. With the increasing healthcare demands from different countries in the world, there is also a growing need for better quality filtration materials, like wood-based activated carbon.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Wood Activated Carbon 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 Wood Activated Carbon 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.


RD Image
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
REGIONAL FRAMEWORK
World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
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

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the Wood Activated Carbon Market?

The Wood Activated Carbon Market is estimated to witness a CAGR of 8% from 2023 to 2031

What are the driving factors impacting the wood activated carbon market?

Increasing demand in water and air purification is driving the market growth.

What are the key players operating in the wood activated carbon market?

Acuro Organics Ltd; Carbon Activated Corp.; Ecologix Environmental Systems; Adsorbent Carbons Private Ltd.; Osaka Gas Chemicals Co. Ltd.; Induceramic; Ingevity Corporation; Jacobi Carbons; Kalpaka Chemicals; and Kuraray Co., Ltd. are some of the wood activated carbon market

Which is the fastest growing segment based on product?

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

Based on geography, which region held the largest share of the wood activated carbon market?

Based on geography, Asia Pacific held the largest share of the wood activated carbon market, due to the region has rapidly growing industrial sectors, including pharmaceuticals, water treatment, and air purification, all of which require high-quality filtration solutions. These sectors are heavily reliant on wood-based activated carbon to meet stringent environmental and safety standards.

What is the future trend for the wood activated carbon market?

Shift towards eco-friendly production methods is expected to be the key market trends.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Wood Activated Carbon Market - By Product
1.3.2Wood Activated Carbon Market - By End-Use Industry
1.3.3Wood Activated Carbon Market - By Region
1.3.3.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.WOOD ACTIVATED CARBON 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.WOOD ACTIVATED CARBON 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.WOOD ACTIVATED CARBON MARKET - GLOBAL MARKET ANALYSIS
6.1.WOOD ACTIVATED CARBON - GLOBAL MARKET OVERVIEW
6.2.WOOD ACTIVATED CARBON - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.WOOD ACTIVATED CARBON MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.POWDERED
7.3.1.Overview
7.3.2.Powdered Market Forecast and Analysis
7.4.GRANULAR
7.4.1.Overview
7.4.2.Granular Market Forecast and Analysis

8.WOOD ACTIVATED CARBON MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1.OVERVIEW
8.2.END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3.AIR TREATMENT
8.3.1.Overview
8.3.2.Air treatment Market Forecast and Analysis
8.4.WATER TREATMENT
8.4.1.Overview
8.4.2.Water treatment Market Forecast and Analysis
8.5.FOOD AND BEVERAGE
8.5.1.Overview
8.5.2.Food and beverage Market Forecast and Analysis
8.6.PHARMACEUTICAL
8.6.1.Overview
8.6.2.Pharmaceutical Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis

9.WOOD ACTIVATED CARBON MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Wood Activated Carbon Market Overview
9.1.2North America Wood Activated Carbon Market Forecasts and Analysis
9.1.3North America Wood Activated Carbon Market Forecasts and Analysis - By Product
9.1.4North America Wood Activated Carbon Market Forecasts and Analysis - By End-Use Industry
9.1.5North America Wood Activated Carbon Market Forecasts and Analysis - By Countries
9.1.5.1Canada Wood Activated Carbon Market
9.1.5.1.1Canada Wood Activated Carbon Market by Product
9.1.5.1.2Canada Wood Activated Carbon Market by End-Use Industry
9.1.5.2Mexico Wood Activated Carbon Market
9.1.5.2.1Mexico Wood Activated Carbon Market by Product
9.1.5.2.2Mexico Wood Activated Carbon Market by End-Use Industry
9.1.5.3US Wood Activated Carbon Market
9.1.5.3.1US Wood Activated Carbon Market by Product
9.1.5.3.2US Wood Activated Carbon Market by End-Use Industry
9.2.EUROPE
9.2.1Europe Wood Activated Carbon Market Overview
9.2.2Europe Wood Activated Carbon Market Forecasts and Analysis
9.2.3Europe Wood Activated Carbon Market Forecasts and Analysis - By Product
9.2.4Europe Wood Activated Carbon Market Forecasts and Analysis - By End-Use Industry
9.2.5Europe Wood Activated Carbon Market Forecasts and Analysis - By Countries
9.2.5.1Germany Wood Activated Carbon Market
9.2.5.1.1Germany Wood Activated Carbon Market by Product
9.2.5.1.2Germany Wood Activated Carbon Market by End-Use Industry
9.2.5.2France Wood Activated Carbon Market
9.2.5.2.1France Wood Activated Carbon Market by Product
9.2.5.2.2France Wood Activated Carbon Market by End-Use Industry
9.2.5.3Italy Wood Activated Carbon Market
9.2.5.3.1Italy Wood Activated Carbon Market by Product
9.2.5.3.2Italy Wood Activated Carbon Market by End-Use Industry
9.2.5.4United Kingdom Wood Activated Carbon Market
9.2.5.4.1United Kingdom Wood Activated Carbon Market by Product
9.2.5.4.2United Kingdom Wood Activated Carbon Market by End-Use Industry
9.2.5.5Russia Wood Activated Carbon Market
9.2.5.5.1Russia Wood Activated Carbon Market by Product
9.2.5.5.2Russia Wood Activated Carbon Market by End-Use Industry
9.2.5.6Rest of Europe Wood Activated Carbon Market
9.2.5.6.1Rest of Europe Wood Activated Carbon Market by Product
9.2.5.6.2Rest of Europe Wood Activated Carbon Market by End-Use Industry
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Wood Activated Carbon Market Overview
9.3.2Asia-Pacific Wood Activated Carbon Market Forecasts and Analysis
9.3.3Asia-Pacific Wood Activated Carbon Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Wood Activated Carbon Market Forecasts and Analysis - By End-Use Industry
9.3.5Asia-Pacific Wood Activated Carbon Market Forecasts and Analysis - By Countries
9.3.5.1Australia Wood Activated Carbon Market
9.3.5.1.1Australia Wood Activated Carbon Market by Product
9.3.5.1.2Australia Wood Activated Carbon Market by End-Use Industry
9.3.5.2China Wood Activated Carbon Market
9.3.5.2.1China Wood Activated Carbon Market by Product
9.3.5.2.2China Wood Activated Carbon Market by End-Use Industry
9.3.5.3India Wood Activated Carbon Market
9.3.5.3.1India Wood Activated Carbon Market by Product
9.3.5.3.2India Wood Activated Carbon Market by End-Use Industry
9.3.5.4Japan Wood Activated Carbon Market
9.3.5.4.1Japan Wood Activated Carbon Market by Product
9.3.5.4.2Japan Wood Activated Carbon Market by End-Use Industry
9.3.5.5South Korea Wood Activated Carbon Market
9.3.5.5.1South Korea Wood Activated Carbon Market by Product
9.3.5.5.2South Korea Wood Activated Carbon Market by End-Use Industry
9.3.5.6Rest of Asia-Pacific Wood Activated Carbon Market
9.3.5.6.1Rest of Asia-Pacific Wood Activated Carbon Market by Product
9.3.5.6.2Rest of Asia-Pacific Wood Activated Carbon Market by End-Use Industry
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Wood Activated Carbon Market Overview
9.4.2Middle East and Africa Wood Activated Carbon Market Forecasts and Analysis
9.4.3Middle East and Africa Wood Activated Carbon Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Wood Activated Carbon Market Forecasts and Analysis - By End-Use Industry
9.4.5Middle East and Africa Wood Activated Carbon Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Wood Activated Carbon Market
9.4.5.1.1South Africa Wood Activated Carbon Market by Product
9.4.5.1.2South Africa Wood Activated Carbon Market by End-Use Industry
9.4.5.2Saudi Arabia Wood Activated Carbon Market
9.4.5.2.1Saudi Arabia Wood Activated Carbon Market by Product
9.4.5.2.2Saudi Arabia Wood Activated Carbon Market by End-Use Industry
9.4.5.3U.A.E Wood Activated Carbon Market
9.4.5.3.1U.A.E Wood Activated Carbon Market by Product
9.4.5.3.2U.A.E Wood Activated Carbon Market by End-Use Industry
9.4.5.4Rest of Middle East and Africa Wood Activated Carbon Market
9.4.5.4.1Rest of Middle East and Africa Wood Activated Carbon Market by Product
9.4.5.4.2Rest of Middle East and Africa Wood Activated Carbon Market by End-Use Industry
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Wood Activated Carbon Market Overview
9.5.2South and Central America Wood Activated Carbon Market Forecasts and Analysis
9.5.3South and Central America Wood Activated Carbon Market Forecasts and Analysis - By Product
9.5.4South and Central America Wood Activated Carbon Market Forecasts and Analysis - By End-Use Industry
9.5.5South and Central America Wood Activated Carbon Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Wood Activated Carbon Market
9.5.5.1.1Brazil Wood Activated Carbon Market by Product
9.5.5.1.2Brazil Wood Activated Carbon Market by End-Use Industry
9.5.5.2Argentina Wood Activated Carbon Market
9.5.5.2.1Argentina Wood Activated Carbon Market by Product
9.5.5.2.2Argentina Wood Activated Carbon Market by End-Use Industry
9.5.5.3Rest of South and Central America Wood Activated Carbon Market
9.5.5.3.1Rest of South and Central America Wood Activated Carbon Market by Product
9.5.5.3.2Rest of South and Central America Wood Activated Carbon 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.WOOD ACTIVATED CARBON MARKET, KEY COMPANY PROFILES
11.1.ACURO ORGANICS 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.CHEMTEX SPECIALITY LIMITED
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.D AND R CORPORATION
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.EUROCARB
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.FUJIAN ZHIXING ACTIVATED CARBON 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.INDUCERAMIC
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.INGEVITY CORPORATION
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.JACOBI CARBONS
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.KALPAKA CHEMICALS
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.KURARAY 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
The List of Companies

1.Acuro Organics Ltd2.Chemtex Speciality Limited3.D and R Corporation4.EUROCARB5.Fujian Zhixing Activated Carbon Co.,Ltd.6.Induceramic7.Ingevity Corporation8.Jacobi Carbons9.Kalpaka Chemicals10.Kuraray Co., 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.

Trends and growth analysis reports related to Chemicals and Materials : READ MORE..