The Oxalic Acid Market size was valued at USD 970 million in 2023. It is estimated to hit USD 1400.9 million by 2031 and grow at a CAGR of 4.7% over the forecast period of 2024-2031.
The growth of the oxalic acid market is driven by its extensive use in various sectors. Industries such as pharmaceuticals, smart textiles, metal cleaning, and water treatment heavily rely on oxalic acid for its exceptional properties. Additionally, the rising demand for oxalic acid in the agriculture sector, particularly as a pesticide and herbicide, has further fueled market growth. Oxalic acid, also known as ethanedioic acid, is a naturally occurring compound found in various plants and vegetables. Several factors have contributed to the growth of the oxalic acid market. Firstly, the increasing awareness regarding the harmful effects of synthetic chemicals has led to a shift towards eco-friendly alternatives, such as oxalic acid. Its biodegradable nature and low toxicity make it an attractive choice for various applications.
Get E-PDF Sample Report on Oxalic Acid Market - Request Sample Report
Moreover, the expanding textile and pharmaceutical industries, coupled with the rising demand for water treatment solutions, have further propelled the market's growth. Approximately 25% of the total oxalic acid production serves as a mordant in dyeing procedures. Additionally, it finds extensive application in bleaching agents, particularly for pulpwood treatment.
Due to the increasing demand for oxalic acid in the pharmaceutical industry, driven by the rising prevalence of diseases and the need for effective treatment Technical/Pharma grade segment is expected to grow with the highest CAGR of about 4.9% during the forecast period. Oxalic acid's unique properties make it a valuable ingredient in the production of pharmaceutical drugs.
Drivers
Growing adoption of oxalic acid in various industries
Rising awareness regarding the benefits of oxalic acid in various applications
The rising demand for oxalic acid across diverse industries serves as the primary driving force behind the growth of the oxalic acid market. Its significance lies in its ability to act as a reducing agent, chelating agent, and a strong acid. These characteristics make it an indispensable component in various sectors such as pharmaceuticals, textiles, metal cleaning, and wastewater treatment. In the pharmaceutical industry, oxalic acid plays a vital role in the synthesis of several drugs and pharmaceutical intermediates. Furthermore, the textile industry heavily relies on oxalic acid for dyeing and bleaching processes. Moreover, oxalic acid plays a crucial role in wastewater treatment. Its strong acid nature allows it to neutralize alkaline wastewater, thereby aiding in the pH adjustment process.
Restrain
Availability of substitutes
Volatile prices of raw materials used in the production of oxalic acid
High levels of toxicity are associated with oxalic acid
Opportunities
Surge in the requirement for sterilizing medical equipment
Challenges
Fluctuating demand and supply dynamics
The market is highly dependent on the demand from end-use industries such as pharmaceuticals, textiles, and metal cleaning. Any changes in these industries can significantly impact the demand for oxalic acid. Additionally, the availability of raw materials used in the production of oxalic acid can also affect its supply, leading to price volatility.
Stringent regulatory constraints imposed by various governing bodies
The Russia-Ukraine war has disrupted the production of oxalic acid in both countries. The destruction of infrastructure, limited access to raw materials, and the displacement of skilled labor have all contributed to this decline. Similarly, Russia, another significant player in the oxalic acid market, has also faced challenges in maintaining its production levels. The war has disrupted supply chains, making it difficult to source raw materials and transport finished products. The conflict has caused a significant disruption in the supply of oxalic acid to the global market. With both Ukraine and Russia facing production challenges, the availability of oxalic acid has decreased. This scarcity has led to an increase in prices, affecting industries that rely on this chemical compound for various applications. The demand for oxalic acid remains high, particularly in sectors such as pharmaceuticals, textiles, and metal cleaning. However, the limited supply has created a situation of imbalance, with demand outstripping availability.
During a recession, the oxalic acid market experiences both positive and negative effects. On one hand, the demand for oxalic acid may decrease due to reduced consumer spending and a decline in industrial production. Industries that heavily rely on oxalic acid, such as textiles and pharmaceuticals, may face challenges as their operations slow down. On the other hand, the recession can also present opportunities for the oxalic acid market. As companies strive to cut costs and improve efficiency, they may seek alternative solutions that incorporate oxalic acid. For instance, the metal cleaning industry may explore oxalic acid as a cost-effective and environmentally friendly substitute for other cleaning agents. Additionally, the wastewater treatment sector may increase its usage of oxalic acid to optimize purification processes.
By Grade
Standard Grade (Purity 96%-99%)
Technical/Pharma Grade (Purity 99%-99.9%)
Electronic/Food Grade (Purity 99.9%-99.999%)
By Application
Bleaching & Purifying Agents
Sterilization
Stain & Rust Removers
Reducing Agents
Precipitation Agents
Miticide
Others
By End-use
Pharmaceuticals
Metallurgy
Food & Beverage
Agriculture
Textiles & Leathers
Electronics & Semiconductor
Plastics
Others
Regional Analysis
The Asia Pacific dominated the oxalic acid market with a revenue share of about 37.4% in 2023. This rise in demand is attributed to the region's robust industrial growth, expanding manufacturing sector, and increasing applications of oxalic acid across various industries. One of the key drivers behind the dominance of the Asia Pacific region in the oxalic acid market is its thriving industrial sector. Countries like China and India have experienced substantial growth in industries such as textiles, pharmaceuticals, and chemicals. These industries heavily rely on oxalic acid for various processes, such as bleaching, cleaning, and metal polishing. As a result, the demand for oxalic acid has soared in the region, propelling its market dominance.
Furthermore, the expanding manufacturing sector in the Asia Pacific region has played a pivotal role in driving the demand for oxalic acid. With the region being a hub for manufacturing activities, the need for oxalic acid as a vital chemical compound has increased significantly. Its applications in manufacturing processes, such as dyeing, printing, and leather tanning, have further fueled the demand for this versatile compound. Due to these factors, 43.7% of sales of oxalic acid are contributed by East Asia.
The United States is the major contributing country of the North America region for the Oxalic Acid Market which is expected to grow with a CAGR of about 4.8% during the forecast period. The United States, with its advanced manufacturing capabilities and robust industrial sector, plays a crucial role in driving the growth of the Oxalic Acid Market in North America. The increasing demand for oxalic acid in various applications, such as pharmaceutical formulations and wastewater treatment, is driving market growth. Additionally, the rising awareness regarding the benefits of oxalic acid in metal cleaning and surface treatment processes is further fueling market expansion.
Get Customized Report as per your Business Requirement - Request For Customized Report
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Clariant International Ltd., UBE Industries Ltd., Indian Oxalate Ltd., Oxaquim S.A., Merck KGaA, Spectrum Chemical Manufacturing Corp., Mudanjiang Fengda Chemical Co. Ltd., Star Oxochem Pvt. Ltd., and other key players mentioned in the final report.
In 2021, Oxaquim, the foremost European and second-largest global producer of oxalic acid, has recently enhanced its production capacity at the Alcañiz facilities. This strategic move aims to cater to the escalating demand across multiple sectors, with a particular focus on the rare earth industry.
| Report Attributes | Details |
| Market Size in 2023 | US$ 970 Mn |
| Market Size by 2031 | US$ 1400.9 Mn |
| CAGR | CAGR of 4.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Grade (Standard Grade (Purity 96%-99%), Technical/Pharma Grade (Purity 99%-99.9%)), Electronic/Food Grade (Purity 99.9%-99.999%)) • By Application (Bleaching & Purifying Agents, Sterilization, Stain & Rust Removers, Reducing Agents, Precipitation Agents, Miticide, and Others) • By End-use (Pharmaceuticals, Metallurgy, Water Treatment Chemicals, Food & Beverage, Agriculture, Paints & Coatings, Textiles & Leathers, Electronics & Semiconductor, Plastics, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Clariant International Ltd., UBE Industries Ltd., Indian Oxalate Ltd., Oxaquim S.A., Merck KGaA, Spectrum Chemical Manufacturing Corp., Mudanjiang Fengda Chemical Co. Ltd., Star Oxochem Pvt. Ltd. |
| Key Drivers | • Growing adoption of oxalic acid in various industries • Rising awareness regarding the benefits of oxalic acid in various applications |
| Market Restraints | • Availability of substitutes • Volatile prices of raw materials used in the production of oxalic acid • High levels of toxicity are associated with oxalic acid |
Ans: The Oxalic Acid Market was valued at USD 970 million in 2023.
Ans: The expected CAGR of the global Oxalic Acid Market during the forecast period is 4.7%.
Ans: The increasing focus on sustainable and eco-friendly solutions is propelling the demand for oxalic acid, as it is considered a safer alternative to other chemicals.
Ans: The Bleaching and Purifying Agents segment is dominant in the Oxalic Acid Market.
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Oxalic Acid Market Segmentation, By Grade
8.1 Standard Grade (Purity 96%-99%)
8.2 Technical/Pharma Grade (Purity 99%-99.9%)
8.3 Electronic/Food Grade (Purity 99.9%-99.999%)
9. Oxalic Acid Market Segmentation, By Application
9.1 Bleaching & Purifying Agents
9.2 Sterilization
9.3 Stain & Rust Removers
9.4 Reducing Agents
9.5 Precipitation Agents
9.6 Miticide
9.7 Others
10. Oxalic Acid Market Segmentation, By End-use
10.1 Pharmaceuticals
10.2 Metallurgy
10.3 Water Treatment Chemicals
10.4 Food & Beverage
10.5 Agriculture
10.6 Paints & Coatings
10.7 Textiles & Leathers
10.8 Electronics & Semiconductor
10.9 Plastics
10.10 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Oxalic Acid Market by Country
11.2.2North America Oxalic Acid Market by Grade
11.2.3 North America Oxalic Acid Market by Application
11.2.4 North America Oxalic Acid Market by End-use
11.2.5 USA
11.2.5.1 USA Oxalic Acid Market by Grade
11.2.5.2 USA Oxalic Acid Market by Application
11.2.5.3 USA Oxalic Acid Market by End-use
11.2.6 Canada
11.2.6.1 Canada Oxalic Acid Market by Grade
11.2.6.2 Canada Oxalic Acid Market by Application
11.2.6.3 Canada Oxalic Acid Market by End-use
11.2.7 Mexico
11.2.7.1 Mexico Oxalic Acid Market by Grade
11.2.7.2 Mexico Oxalic Acid Market by Application
11.2.7.3 Mexico Oxalic Acid Market by End-use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Oxalic Acid Market by Country
11.3.1.2 Eastern Europe Oxalic Acid Market by Grade
11.3.1.3 Eastern Europe Oxalic Acid Market by Application
11.3.1.4 Eastern Europe Oxalic Acid Market by End-use
11.3.1.5 Poland
11.3.1.5.1 Poland Oxalic Acid Market by Grade
11.3.1.5.2 Poland Oxalic Acid Market by Application
11.3.1.5.3 Poland Oxalic Acid Market by End-use
11.3.1.6 Romania
11.3.1.6.1 Romania Oxalic Acid Market by Grade
11.3.1.6.2 Romania Oxalic Acid Market by Application
11.3.1.6.4 Romania Oxalic Acid Market by End-use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Oxalic Acid Market by Grade
11.3.1.7.2 Turkey Oxalic Acid Market by Application
11.3.1.7.3 Turkey Oxalic Acid Market by End-use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Oxalic Acid Market by Grade
11.3.1.8.2 Rest of Eastern Europe Oxalic Acid Market by Application
11.3.1.8.3 Rest of Eastern Europe Oxalic Acid Market by End-use
11.3.2 Western Europe
11.3.2.1 Western Europe Oxalic Acid Market by Grade
11.3.2.2 Western Europe Oxalic Acid Market by Application
11.3.2.3 Western Europe Oxalic Acid Market by End-use
11.3.2.4 Germany
11.3.2.4.1 Germany Oxalic Acid Market by Grade
11.3.2.4.2 Germany Oxalic Acid Market by Application
11.3.2.4.3 Germany Oxalic Acid Market by End-use
11.3.2.5 France
11.3.2.5.1 France Oxalic Acid Market by Grade
11.3.2.5.2 France Oxalic Acid Market by Application
11.3.2.5.3 France Oxalic Acid Market by End-use
11.3.2.6 UK
11.3.2.6.1 UK Oxalic Acid Market by Grade
11.3.2.6.2 UK Oxalic Acid Market by Application
11.3.2.6.3 UK Oxalic Acid Market by End-use
11.3.2.7 Italy
11.3.2.7.1 Italy Oxalic Acid Market by Grade
11.3.2.7.2 Italy Oxalic Acid Market by Application
11.3.2.7.3 Italy Oxalic Acid Market by End-use
11.3.2.8 Spain
11.3.2.8.1 Spain Oxalic Acid Market by Grade
11.3.2.8.2 Spain Oxalic Acid Market by Application
11.3.2.8.3 Spain Oxalic Acid Market by End-use
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Oxalic Acid Market by Grade
11.3.2.9.2 Netherlands Oxalic Acid Market by Application
11.3.2.9.3 Netherlands Oxalic Acid Market by End-use
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Oxalic Acid Market by Grade
11.3.2.10.2 Switzerland Oxalic Acid Market by End-use
11.3.2.10.3 Switzerland Oxalic Acid Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Oxalic Acid Market by Grade
11.3.2.11.3 Austria Oxalic Acid Market by Application
11.3.2.11.4 Austria Oxalic Acid Market by End-use
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Oxalic Acid Market by Grade
11.3.2.12.2 Rest of Western Europe Oxalic Acid Market by Application
11.3.2.12.3 Rest of Western Europe Oxalic Acid Market by End-use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Oxalic Acid Market by Country
11.4.2 Asia-Pacific Oxalic Acid Market by Grade
11.4.3 Asia-Pacific Oxalic Acid Market by Application
11.4.4 Asia-Pacific Oxalic Acid Market by End-use
11.4.5 China
11.4.5.1 China Oxalic Acid Market by Grade
11.4.5.2 China Oxalic Acid Market by Application
11.4.5.3 China Oxalic Acid Market by End-use
11.4.6 India
11.4.6.1 India Oxalic Acid Market by Grade
11.4.6.2 India Oxalic Acid Market by Application
11.4.6.3 India Oxalic Acid Market by End-use
11.4.7 Japan
11.4.7.1 Japan Oxalic Acid Market by Grade
11.4.7.2 Japan Oxalic Acid Market by Application
11.4.7.3 Japan Oxalic Acid Market by End-use
11.4.8 South Korea
11.4.8.1 South Korea Oxalic Acid Market by Grade
11.4.8.2 South Korea Oxalic Acid Market by Application
11.4.8.3 South Korea Oxalic Acid Market by End-use
11.4.9 Vietnam
11.4.9.1 Vietnam Oxalic Acid Market by Grade
11.4.9.2 Vietnam Oxalic Acid Market by Application
11.4.9.3 Vietnam Oxalic Acid Market by End-use
11.4.10 Singapore
11.4.10.1 Singapore Oxalic Acid Market by Grade
11.4.10.2 Singapore Oxalic Acid Market by Application
11.4.10.3 Singapore Oxalic Acid Market by End-use
11.4.11 Australia
11.4.11.1 Australia Oxalic Acid Market by Grade
11.4.11.2 Australia Oxalic Acid Market by Application
11.4.11.3 Australia Oxalic Acid Market by End-use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Oxalic Acid Market by Grade
11.4.12.2 Rest of Asia-Pacific Oxalic Acid Market by Application
11.4.12.3 Rest of Asia-Pacific Oxalic Acid Market by End-use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Oxalic Acid Market by country
11.5.1.2 Middle East Oxalic Acid Market by Grade
11.5.1.3 Middle East Oxalic Acid Market by Application
11.5.1.4 Middle East Oxalic Acid Market by End-use
11.5.1.5 UAE
11.5.1.5.1 UAE Oxalic Acid Market by Grade
11.5.1.5.2 UAE Oxalic Acid Market by Application
11.5.1.5.3 UAE Oxalic Acid Market by End-use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Oxalic Acid Market by Grade
11.5.1.6.2 Egypt Oxalic Acid Market by Application
11.5.1.6.3 Egypt Oxalic Acid Market by End-use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Oxalic Acid Market by Grade
11.5.1.7.2 Saudi Arabia Oxalic Acid Market by Application
11.5.1.7.3 Saudi Arabia Oxalic Acid Market by End-use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Oxalic Acid Market by Grade
11.5.1.8.2 Qatar Oxalic Acid Market by Application
11.5.1.8.3 Qatar Oxalic Acid Market by End-use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Oxalic Acid Market by Grade
11.5.1.9.2 Rest of Middle East Oxalic Acid Market by Application
11.5.1.9.3 Rest of Middle East Oxalic Acid Market by End-use
11.5.2 Africa
11.5.2.1 Africa Oxalic Acid Market by Country
11.5.2.2 Africa Oxalic Acid Market by Grade
11.5.2.3 Africa Oxalic Acid Market by Application
11.5.2.4 Africa Oxalic Acid Market by End-use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Oxalic Acid Market by Grade
11.5.2.5.2 Nigeria Oxalic Acid Market by Application
11.5.2.5.3 Nigeria Oxalic Acid Market by End-use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Oxalic Acid Market by Grade
11.5.2.6.2 South Africa Oxalic Acid Market by Application
11.5.2.6.3 South Africa Oxalic Acid Market by End-use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Oxalic Acid Market by Grade
11.5.2.7.2 Rest of Africa Oxalic Acid Market by Application
11.5.2.7.3 Rest of Africa Oxalic Acid Market by End-use
11.6 Latin America
11.6.1 Latin America Oxalic Acid Market by Country
11.6.2 Latin America Oxalic Acid Market by Grade
11.6.3 Latin America Oxalic Acid Market by Application
11.6.4 Latin America Oxalic Acid Market by End-use
11.6.5 Brazil
11.6.5.1 Brazil Oxalic Acid Market by Grade
11.6.5.2 Brazil Oxalic Acid Market by Application
11.6.5.3 Brazil Oxalic Acid Market by End-use
11.6.6 Argentina
11.6.6.1 Argentina Oxalic Acid Market by Grade
11.6.6.2 Argentina Oxalic Acid Market by Application
11.6.6.3 Argentina Oxalic Acid Market by End-use
11.6.7 Colombia
11.6.7.1 Colombia Oxalic Acid Market by Grade
11.6.7.2 Colombia Oxalic Acid Market by Application
11.6.7.3 Colombia Oxalic Acid Market by End-use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Oxalic Acid Market by Grade
11.6.8.2 Rest of Latin America Oxalic Acid Market by Application
11.6.8.3 Rest of Latin America Oxalic Acid Market by End-use
12. Company profile
12.1 Clariant International Ltd.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 UBE Industries Ltd.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Indian Oxalate Ltd.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Oxaquim S.A.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Merck KGaA
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Spectrum Chemical Manufacturing Corp.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Mudanjiang Fengda Chemical Co. Ltd.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Star Oxochem Pvt. Ltd.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Emollients Market size was valued at USD 1.70 Billion in 2023. It is expected to grow to USD 2.61 Billion by 2032 & grow at a CAGR of 4.9% by 2024-2032.
The Industrial Batteries Market was valued at USD 19.60 billion in 2023 and is expected to reach USD 43.63 billion by 2032, growing at a CAGR of 9.30% over the forecast period from 2024 to 2032.
The Corrosion Under Insulation (CUI) & Spray-On Insulation (SOI) Coatings Market was valued at USD 1.99 billion in 2023 and is expected to reach USD 3.09 billion by 2032, growing at a CAGR of 5.03 % over the forecast period 2024-2032.
The Ultrapure Water Market Size was valued at USD 8.8 billion in 2023, and is expected to reach USD 18.2 billion by 2032, and grow at a CAGR of 8.5% over the forecast period 2024-2032.
The Cryogenic Fuels Market Size was valued at USD 112.57 billion in 2023 and is expected to reach USD 195.08 billion by 2032 and grow at a CAGR of 6.30% over the forecast period 2024-2032.
The Biodegradable Plastics Market size was valued at USD 6.7 Billion in 2023. It is expected to grow to USD 28.7 Billion by 2032 and grow at a CAGR of 15.2% over the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
