Search

Pine-Derived Chemicals Market

Pine-Derived Chemicals Market Size by Type (Gum Turpentine, Pitch, Tall Oil Fatty Acid, Gum Rosin, Sterols, Tall Oil Rosin, and Others), Application (Surfactants, Paints & Coatings, Printing Inks, and Adhesives & Sealants), Source, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12900
  • Published Date: Sep, 2022
  • Pages: 234
  • Category: Chemicals & Materials
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The Global pine-derived chemicals market is expected to reach USD 7.15 billion by 2030, at a CAGR of 4.3% from 2022 to 2030. Pine-derived chemicals market growth has been driven in the past few years, and awareness about bio-based and renewable products has raised the need for pine-derived chemicals. Pine-derived chemicals are a primary commercial by-product of pine trees and are utilized in manufacturing surfactants, adhesives & sealants, printing inks, and paints & coatings.

Market Overview:

Pine-Derived Chemicals are broadly utilized in a mixture of various applications globally. Rising environmental problems and advanced industrialization have resulted in a more significant focus on using renewable resources and resource optimization. Further, pine-based items are made from renewable raw materials. They are an everlasting origin of intermediate chemicals required to manufacture customer goods used by people worldwide. The pine-derived chemicals market is anticipated to grow enormously during the expected duration. Additionally, government regulations and rules may suppress market growth during the predicted period. The market for pine-derived chemicals is being driven by increasing environmental issues, improved industrialization, and a focus on utilizing renewable resources and resource optimization, all of which have resulted in the overall adoption of pine-derived chemicals for different applications. Similarly, the stress on the ecosystem has grown due to the quick upsurge in pollution and the taking advantage of fossil fuels. Therefore, it is required to discover options to replace fossil fuels with renewable raw materials. Advanced bio-based raw materials for environmental sustainability are anticipated to affect the industry in the coming years. Further research and growth initiatives about efficient procedures and unknown products are expected to propel market growth globally.

Get an overview of this study by requesting a free sample

Market Dynamics:

Drivers:
  • Rising need for biodegradable products

The need for biodegradable products is increasing as consumers are more inclined to eco-friendly products. These chemicals operate on renewable & natural products as raw materials to produce essential items and function as a process to reduce the greenhouse effect. The pine-derived chemicals are from pine stumps, logs, and living trees, for which the enterprise relies on raw materials from the forest management sector. (CTO) Crude Tall Oil is a prominent instance of pine chemistry with various applications.

Restraints:
  • Strict rules levied by the government

The immediate government agencies handle pine-derived chemicals, like the Food and Drugs Association (FDA), Environment Protection Agency (EPA), The American Chemistry Council, and the Pine Chemicals Association. The institutions are accountable for registering the products and handling their security, use, and deposition levels allowed in food and additional usage. Advancing strictness in pine-derived chemicals' rules is primarily owing to environmental deterioration. These laws mainly affect the current pine-derived chemical items while delaying the introduction of the latest products.

Opportunities:
  • The developing countries make new prospects

There are significant growth prospects in the world's evolving nations, where the agriculture domain is rising. The rise in population growth creates more food demands. The Food and Agriculture Organization concludes that the tendency will be as it is for the next three decades, boosting the pine-derived chemicals market. Rare investments have been utilizing critical players in growing regions’ acquisitions, partnerships, and mergers. These expansions in the pine-derived chemicals domain will push the demand for raw materials from pine trees and raise their market and usage in the end-customer sector. The market also provides employment and develops income prospects in growing nations.

Segmentation Analysis:

The global pine-derived chemicals market has been segmented based on type, application, source, and region.

  • The type segment is divided into gum turpentine, pitch, tall oil fatty acid, gum rosin, sterols, tall oil rosin, and others. The gum rosin segment dominated the market, with a market share of around 17% in 2021. Gum rosin is the oldest and most broadly used rosin, and it discovered its usage in printing inks, rubber, paints & coating, soaps, electronics, and food enterprises. The increased need for gum rosin arrives from the oil paint enterprise, where the carboxylation response of resin acid is utilized for making resin in coating, inks, and paints.
  • The application segment is divided into surfactants, paints & coatings, printing inks, and adhesives & sealants. The paints & coatings segment dominated the market, with a market share of around 24% in 2021. Transforming lifestyles, advanced usage of healthy and eco-friendly goods, and increasing environmental problems push the pine-derived chemicals needed in the paints and coatings enterprise. The pine chemicals are reasonable and secure, and the paints and coatings domain dominate the pine chemicals industry.
  • The source segment is divided into stumps & logs, dead pine, living trees, by-product of sulphate pulping. The living trees segment dominated the market, with a market share of around 26% in 2021. From living trees, the pine chemicals are pulled to receive oleoresin or pine gum via a procedure known as tapping. Turpentine, a volatile element of these oleoresins, is split via a distillation procedure.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global pine-derived chemicals market, with a 34.5% share of the market revenue in 2021.

North America has a formed market for pine-derived chemicals and is anticipated to grow steadily. The United States majorly contributes to the North American pine-derived chemicals market, due to the substantial existence of top manufacturers in the region. Additionally, extensive pine tree farms are focused in North America, promoting the development and growth of the pine-derived chemicals market. . The market of North America is dominated by gum rosin and tall oil fatty acids due to their usage in various customer products.

North America Region Pine-Derived Chemicals Market Share in 2021 - 34.5%

 

www.thebrainyinsights.com

Check the geographical analysis of this market by requesting a free sample

Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global pine-derived chemicals industry.

In 2022 February, DCL Corporation (Canada), a color pigment and dispersion manufacturing company, revealed a collaboration with Chemiplas Australia Pty Ltd (Australia); the alliance will allow Chemiplas to evolve into the sole distributor of DCL Corporation for Australia and New Zealand markets.

List of Key Market Players:

  • Wuzhou Sunshine Forestry Ltd.
  • Kraton Corporation
  • Ingevity Corporation
  • Harima Chemicals Group
  • Guilin Songquan Forest Chemical
  • Foreverest Resources Ltd.
  • ForchemOyj
  • Florachem
  • Eastman Chemical Company
  • Arakawa Chemical Industries Ltd.

Key Target Audience

  • Paints & Coatings
  • Chemical Industries
  • Adhesives & Sealants
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers

Report Description:

  • Global Pine-Derived Chemicals Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global pine-derived chemicals market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global pine-derived chemicals market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of pine-derived chemicals based on type, application, source, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global pine-derived chemicals market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global pine-derived chemicals market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global pine-derived chemicals market) is covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the pine-derived chemicals market was valued at USD 4.9 billion in 2021 to USD 7.15 billion by 2030.

Global pine-derived chemicals market is growing at a CAGR of 4.3% during the forecast period 2022-2030.

Rising need for biodegradable products to propel market growth.

Strict rules levied by the government to hinder market growth.

The developing countries make new prospects will provide huge opportunities to the market.

Get Your Report Customized

  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
  • Customers can be added on the basis of regions and countries
Request for Customization

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Type
          4.3.2. Market Attractiveness Analysis by Application
          4.3.3. Market Attractiveness Analysis by Source
          4.3.4. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising need for biodegradable products boost the growth of market
    5.3. Restraints
          5.3.1. Strict rules levied by the government
    5.4. Opportunities
          5.4.1. The developing countries make new prospects

6. Global Pine-Derived Chemicals Market Analysis and Forecast, By Type:
    6.1. Segment Overview
    6.2. Gum turpentine
    6.3. Pitch
    6.4. Tall oil fatty acid
    6.5. Gum rosin
    6.6. Sterols
    6.7. Tall oil rosin
    6.8. Others

7. Global Pine-Derived Chemicals Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Surfactants
    7.3. Paints & Coatings
    7.4. Printing Inks
    7.5. Adhesives & Sealants

8. Global Pine-Derived Chemicals Market Analysis and Forecast, By Source
    8.1. Segment Overview
    8.2. Stumps & Logs
    8.3. Dead Pine
    8.4. Living Trees
    8.5. By-Product Of Sulphate Pulping

9. Global Pine-Derived Chemicals Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Pine-Derived Chemicals Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Pine-Derived Chemicals Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Wuzhou Sunshine Forestry Ltd.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Kraton Corporation
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Ingevity Corporation.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Harima Chemicals Group.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Guilin Songquan Forest Chemical
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Foreverest Resources Ltd.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. ForchemOyj
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Florachem
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Eastman Chemical Company
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Arakawa Chemical Industries Ltd.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

2. Global Gum turpentine Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

3. Global Pitch Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

4. Global Tall oil fatty acid Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

5. Global Gum rosin Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

6. Global Sterols Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

7. Global Tall oil rosin Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

8. Global Others Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

9. Global Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

10. Global Surfactants Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

11. Global Paints & Coatings Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

12. Global Printing Inks Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

13. Global Adhesives & Sealants Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

14. Global Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

15. Global Stumps & Logs Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion) 

16. Global Dead Pine Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

17. Global Living Trees Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

18. Global By-Product Of Sulphate Pulping Pine-Derived Chemicals Market, By Region, 2019-2030 (USD Billion)

19. North America Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

20. North America Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

21. North America Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

22. U.S. Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

23. U.S. Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

24. U.S. Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

25. Canada Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

26. Canada Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

27. Canada Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

28. Mexico Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

29. Mexico Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

30. Mexico Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

31. Europe Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

32. Europe Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

33. Europe Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

34. Germany Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

35. Germany Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

36. Germany Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

37. France Pine-Derived Chemicals Market, By Type 2019-2030 (USD Billion) 

38. France Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

39. France Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

40. U.K. Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

41. U.K. Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

42. U.K. Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

43. Italy Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

44. Italy Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

45. Italy Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

46. Spain Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

47. Spain Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

48. Spain Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

49. Asia Pacific Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

50. Asia Pacific Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

51. Asia Pacific Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

52. Japan Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

53. Japan Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

54. Japan Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

55. China Pine-Derived Chemicals Market, By Type 2019-2030 (USD Billion) 

56. China Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

57. China Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

58. India Pine-Derived Chemicals Market, By Type 2019-2030 (USD Billion) 

59. India Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

60. India Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

61. South America Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

62. South America Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

63. South America Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion)

64. Brazil Pine-Derived Chemicals Market, By Type 2019-2030 (USD Billion) 

65. Brazil Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

66. Brazil Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

67. Middle East and Africa Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

68. Middle East and Africa Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

69. Middle East and Africa Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

70. UAE Pine-Derived Chemicals Market, By Type, 2019-2030 (USD Billion) 

71. UAE Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

72. UAE Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion) 

73. South Africa Pine-Derived Chemicals Market, By Type 2019-2030 (USD Billion) 

74. South Africa Pine-Derived Chemicals Market, By Application, 2019-2030 (USD Billion) 

75. South Africa Pine-Derived Chemicals Market, By Source, 2019-2030 (USD Billion)  

List of Figures 

1. Global Pine-Derived Chemicals Market Segmentation

2. Pine-Derived Chemicals Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Pine-Derived Chemicals Market Attractiveness Analysis by Type

9. Global Pine-Derived Chemicals Market Attractiveness Analysis by Application

10. Global Pine-Derived Chemicals Market Attractiveness Analysis by Source

11. Global Pine-Derived Chemicals Market Attractiveness Analysis by Region

12. Global Pine-Derived Chemicals Market: Dynamics

13. Global Pine-Derived Chemicals Market Share by Type (2022 & 2030)

14. Global Pine-Derived Chemicals Market Share by Application (2022 & 2030)

15. Global Pine-Derived Chemicals Market Share by Source (2022 & 2030)

16. Global Pine-Derived Chemicals Market Share by Regions (2022 & 2030)

17. Global Pine-Derived Chemicals Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global pine-derived chemicals Market based on below mentioned segments:

Global Pine-Derived Chemicals Market by Type:

  • Gum turpentine
  • Pitch
  • Tall oil fatty acid
  • Gum rosin
  • Sterols
  • Tall oil rosin
  • Others

Global Pine-Derived Chemicals Market by Application:

  • Surfactants
  • Paints & Coatings
  • Printing Inks
  • Adhesives & Sealants

Global Pine-Derived Chemicals Market by Source:

  • Stumps & Logs
  • Dead Pine
  • Living Trees
  • By-Product Of Sulphate Pulping

Global Pine-Derived Chemicals Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Ask for customization Request Sample Speak to analyst Inquire before buying

Flexible Purchase Options

  • Chapters of your choice
  • Quantitative Information for Historical & Forecasted Data
  • Regional/Country Level Reports
Request for Special Pricing

Get in touch with us

+1-315-215-1633

sales@thebrainyinsights.com

Our Clients

Why choose us

ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems

Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach6 Major regions and 40+ countries level analysis accomplished

Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date