- +1-315-215-1633
- sales@thebrainyinsights.com
The cetane improver additives market was estimated at around USD 1,058 million in 2021, growing at a CAGR of nearly 4.1% during 2022-2030. The market is projected to reach approximately USD 1,523.5 million by 2030.
Low amounts of cetane improvers or additives are blended with diesel to increase the blend's cetane number. The most prevalent cetane enhancer is octyl nitrate (EHN). It helps produce goods that aid in ignition combustion and cut down on the ignition delay time. Between 0.05 and 0.4 mass percent are added. The demand for cetane improver additives is expected to increase significantly over the forecast period as a result of stringent government regulations requiring the mandatory blending of biodiesel with diesel and rising diesel fuel consumption in power generation and other application areas worldwide. A concern for the market, nevertheless, is the increase in the cost of the chemical compounds employed in cetane improver additives. The main reason fueling the market's considerable and attractive growth potential over the anticipated time is the manufacturers' rising investments in offshore fields. For instance, the MENA area saw a total investment in gas of US$75 billion. The market can expand as a result of the increasing investments in the top three MENA nations, namely Saudi Arabia, Qatar, and Iraq. These are a result of the massive oil extraction projects in the area as well as the laws governing carbon emission reduction.
Get an overview of this study by requesting a free sample
Global economic expansion is being noticeably impacted by the advent of COVID-19, which the World Health Organization has classified as a pandemic. The global GDP is predicted by the International Monetary Fund to decrease by 3% in 2020. The World Trade Organization (WTO) predicts that the economic effects of COVID-19 will cause a drop in world trade volumes of between 13% and 32% in 2020. The COVID-19 epidemic is expected to cause a 15% reduction in overall passenger car sales worldwide this year, according to the International Energy Agency (IEA). The Society of India Automobile Manufacturers (SIAM) reports that in March 2020, passenger car sales in India fell by 51% to 143,014 units. Additionally, sales of two-wheelers dropped 40% to 866,849 units while those of commercial vehicles decreased 88% to 13,027 units. The COVID outbreak has severely damaged the automotive sector. 2020 auto sales in the United States are predicted to fall by 27%. The COVID-19 epidemic has negatively impacted the automotive industry, which is one of the main end uses for cetane improver additives. This is having an impact on the market for these additives.
To increase engine efficiency and cut emissions, there is an increasing need for diesel fuel with a higher cetane number to accelerate the market’s growth
Diesel fuel combustion is improved with cetane improver additions, resulting in high levels of fuel economy and reduced emissions. Diesel fuel quality is assessed by the cetane number. Numerous governmental organizations, fuel manufacturers, and consumers are progressively switching to high cetane number diesel fuels due to growing awareness of the negative impacts of low cetane number diesel fuel. The strict rules governing the minimum limit of cetane number for diesel fuel enforced by various countries are the main factor affecting the demand for high cetane number diesel fuel. For instance, the minimum limit of the cetane number necessary for diesel fuel in China has raised as a result of new China-VI standards issued in 2017. Some additives, like cold flow improvers, increase an engine's injector flow, reducing blockage. By removing waste that could damage injectors and other internal components, they safeguard and enhance the overall performance of the vehicle. The demand for cetane improver will rise as the cetane number for diesel fuel rises. During the forecast period, it is anticipated that the trend toward diesel fuel with a higher cetane number will gain more traction.
Increasing need for cetane-improving additives to increase the functionality and stability of biodiesel blends
Due to their use in supplying energy to the transportation sector, transportation fuels have grown in significance to the global economy. However, a worrying problem with conventional petroleum-based engines is the release of dangerous pollutants including NOx (nitrogen oxides) and particulate matter. The creation of alternative energy sources is being driven by the accelerated depletion and rising emissions of fossil fuels. Due to its similarity in qualities to diesel, biodiesel is becoming more and more popular as a substitute for petroleum-based fuel. When compared to diesel, biodiesel has certain advantages because it contains oxygen naturally, which lowers emissions of CO2, HC, and particulates. In addition to using cetane improvers to raise the fuel's cetane number, additives including oxygenates, bio-additives, and cetane number improvers are used to enhance the viscosity, heating value, and other properties of the fuel. In contrast to pure fossil fuels, biodiesel blends induce fuel foaming and water separation during combustion. Additionally, because biodiesel does not ignite as quickly as regular diesel, cetane improvers must be added for better ignition. The ignition delay is decreased by adding cetane improver additives, which in turn lowers combustion temperatures. Therefore, there is a growing need for cetane improver additions to improve the performance and stability of biodiesel blends.
Cetane Improver Additives Market: Segmentation Analysis
The cetane improver additives market is segmented into the type, diesel type, and end use industry. Based on type, the market for 2-Ethlyhexyl Nitrate (EHN) segment is estimated to lead the market during the forecast period. The most used diesel fuel addition to raise the cetane number is 2-ethylhexyl nitrate. EHN enhances the thermos kinetics of the vehicle and reduces oil consumption in addition to increasing the cetane number of diesel oil and the quality of fuel oil combustion. It can be added at the point of use, such as the gasoline tank of a vehicle or the fuel tank of a machine, or it can be injected or pumped at the fuel refinery itself. It can also be mixed with other gasoline additives or added straight. Since it has been used in commercial applications to increase cetane for a number of years, 2-ethylhexyl nitrate (EHN) is currently the most common additive used to accomplish so.
By diesel type, the petroleum diesel segment is anticipated to dominant the cetane improver additives market during the forecast period. Demand for petroleum products is anticipated to increase during the projection period, according to the Organization of the Petroleum Exporting Countries (OPEC). In 2021, crude will increase by 25% to average 29.8 MMbpd, exceeding the level needed in 2019. Diesel fuel additives called cetane improvers work by boosting the amount of cetane in the mixture when used in small amounts. During the projection period, the market for cetane improver additives will increase due to the rising demand for and consumption of diesel.
By end use industry, the transportation segment is anticipated to dominant the cetane improver additives market during the forecast period. As a cetane improver, the efficiency is increased while cylinder wear is decreased. The automobile sector is changing as a result of new R&D activities and technological innovation. The Association of Global Automakers reports that in 2018, the industry spent more than $125 billion on R&D worldwide. As a result, the market for cetane improver additives may expand due to the thriving automotive industry.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 4.1% |
| Segments Covered |
By Type |
Throughout the projection period, Asia-Pacific is expected to stay one of the most alluring markets, and this region accounts for the majority revenue share in the market. This is due to the region's expanding transportation sector. According to the China Automotive Association, in 2018 there were 23.14 million more newly registered passenger vehicles than there were in 2017 and a 30% rise in vehicle production. As a result, many well-known global brands have decided to engage in China's automotive industry. Heavy-duty truck and commercial vehicle sales will rise as a result of crucial variables like the APAC economy's overall expansion and the region's ongoing high levels of infrastructure spending, which will also have a positive effect on the market for cetane improver additives.
The global Cetane improver additives market is segmented as follows:
By Type
By Diesel Type
By End Use Industry
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
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 Diesel Type
4.3.3. Market Attractiveness Analysis By End Use Industry
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. To increase engine efficiency and cut emissions, there is an increasing need for diesel fuel with a higher cetane number to accelerate the market’s growth
5.2.2. Increasing need for cetane-improving additives to increase the functionality and stability of biodiesel blends
5.3. Restrains
5.3.1. Prohibitive approval process would hamper the market
5.4. Opportunities
5.4.1. More money being invested in the oil and gas industry
6. Global Cetane Improver Additives Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. 2-ethylhexyl Nitrate (EHN)
6.3. Di-Tertiary Butyl Peroxide (DTBP)
6.4. Others
7. Global Cetane Improver Additives Market Analysis and Forecast, By Diesel Type
7.1. Segment Overview
7.2. Petroleum Diesel
7.3. Bio-Diesel
8. Global Cetane Improver Additives Market Analysis and Forecast, By End Use Industry
8.1. Segment Overview
8.2. Transportation
8.3. Agriculture
8.4. Power Generation
8.5. Mining
8.6. Construction
8.7. Others
9. Global Cetane Improver Additives 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
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Australia
9.4.5. South Korea
9.4.6. Rest of Asia-Pacific
9.5. South America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Rest of South America
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
9.6.3. Saudi Arabia
9.6.4. Rest of Middle East & Africa
10. Global Cetane Improver Additives Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Cetane Improver Additives 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. Type Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. BASF SE
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company End Use Industry Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. The Lubrizol Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company End Use Industry Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Kutch Chemical Industries LTD
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company End Use Industry Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Dorf-Ketal Chemicals India Private Limited
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company End Use Industry Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Afton Chemical
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company End Use Industry Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Innospec
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company End Use Industry Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Chevron Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company End Use Industry Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Eurenco
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company End Use Industry Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. NITROERG S.A.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company End Use Industry Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Cestoil Chemical Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company End Use Industry Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
2. Global 2-Ethylhexyl Nitrate (EHN) Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
3. Global Di-Tertiary Butyl Peroxide (DTBP) Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
4. Global Others Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
5. Global Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
6. Global Petroleum Diesel Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
7. Global Bio-Diesel Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
8. Global Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
9. Global Transportation Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
10. Global Agriculture Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
11. Global Power Generation Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
12. Global Mining Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
13. Global Construction Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
14. Global Others Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
15. Global Cetane Improver Additives Market, By Region, 2022-2030 (USD Million)
16. Global Cetane Improver Additives Market, By North America, 2022-2030 (USD Million)
17. North America Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
18. North America Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
19. North America Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
20. U.S. Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
21. U.S. Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
22. U.S. Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
23. Canada Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
24. Canada Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
25. Canada Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
26. Mexico Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
27. Mexico Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
28. Mexico Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
29. Europe Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
30. Europe Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
31. Europe Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
32. Germany Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
33. Germany Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
34. Germany Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
35. France Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
36. France Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
37. France Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
38. U.K. Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
39. U.K. Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
40. U.K. Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
41. Italy Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
42. Italy Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
43. Italy Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
44. Spain Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
45. Spain Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
46. Spain Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
47. Rest of Europe Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
48. Rest of Europe Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
49. Rest of Europe Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
50. Asia Pacific Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
51. Asia Pacific Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
52. Asia Pacific Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
53. Japan Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
54. Japan Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
55. Japan Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
56. China Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
57. China Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
58. China Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
59. India Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
60. India Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
61. India Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
62. Australia Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
63. Australia Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
64. Australia Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
65. South Korea Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
66. South Korea Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
67. South Korea Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
68. Rest of Asia-Pacific Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
69. Rest of Asia-Pacific Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
70. Rest of Asia-Pacific Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
71. South America Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
72. South America Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
73. South America Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
74. Brazil Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
75. Brazil Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
76. Brazil Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
77. Argentina Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
78. Argentina Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
79. Argentina Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
80. Rest of South America Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
81. Rest of South America Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
82. Rest of South America Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
83. Middle East and Africa Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
84. Middle East and Africa Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
85. Middle East and Africa Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
86. UAE Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
87. UAE Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
88. UAE Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
89. South Africa Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
90. South Africa Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
91. South Africa Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
92. Saudi Arabia Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
93. Saudi Arabia Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
94. Saudi Arabia Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
95. Rest of Middle East & Africa Cetane Improver Additives Market, By Type, 2022-2030 (USD Million)
96. Rest of Middle East & Africa Cetane Improver Additives Market, By Diesel Type, 2022-2030 (USD Million)
97. Rest of Middle East & Africa Cetane Improver Additives Market, By End Use Industry, 2022-2030 (USD Million)
List of Figures
1. Global Cetane Improver Additives Market Segmentation
2. Cetane Improver Additives 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 Cetane Improver Additives Market Attractiveness Analysis By Type
9. Global Cetane Improver Additives Market Attractiveness Analysis By Diesel Type
10. Global Cetane Improver Additives Market Attractiveness Analysis By End Use Industry
11. Global Cetane Improver Additives Market Attractiveness Analysis By Region
12. Global Cetane Improver Additives Market: Dynamics
13. Global Cetane Improver Additives Market Share By Type (2022 & 2030)
14. Global Cetane Improver Additives Market Share By Diesel Type (2022 & 2030)
15. Global Cetane Improver Additives Market Share By End Use Industry (2022 & 2030)
16. Global Cetane Improver Additives Market Share by Regions (2022 & 2030)
17. Global Cetane Improver Additives Market Share by Company (2021)
By Type
By Diesel Type
By End Use Industry
By Region/Geography
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:
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:
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:
The demand side for the market is estimated through:
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:
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:
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:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date
