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Acetone Market Report Scope & Overview:

The Acetone Market size was valued at USD 6.1 billion in 2023. It is estimated to hit USD 11.01 billion by 2031 and grow at a CAGR of 7.7% over the forecast period of 2024-2031.

The increasing demand for solvents, particularly in the paints & coatings industry, is a significant driver for market expansion. Additionally, the rising consumption of acetone in the pharmaceutical and cosmetic industries further contributes to market growth. Acetone, a colorless and volatile liquid, is widely used as a solvent in numerous industries. It is primarily derived from the oxidation of cumene or the dehydrogenation of isopropyl alcohol. Acetone finds applications in the production of various chemicals, including methyl methacrylate, bisphenol-A, and solvents like methyl isobutyl ketone (MIBK) and methyl ethyl ketone (MEK).

Acetone Market Revenue Analysis

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Furthermore, the growing popularity of bio-based acetone, derived from sustainable sources such as biomass and waste materials, is gaining traction in the market. This eco-friendly alternative is expected to witness substantial growth in the coming years, driven by environmental concerns and stringent regulations. The solvents application segment dominated the Acetone Market with a revenue share of about 36.7% in 2023. The ability of acetone to dissolve active pharmaceutical ingredients (APIs) and excipients allows for the creation of stable and effective drug formulations. Additionally, acetone's low toxicity and high evaporation rate make it a preferred choice for pharmaceutical applications as a solvent.

Technical Grade segment dominated the grade segment with a revenue share of about 96.4% in 2023.  This segment encompasses a range of technical products that cater to the specific needs and requirements of various industries. These products are meticulously designed and manufactured to meet the highest standards of quality, reliability, and performance. One of the key drivers behind the Technical Grade segment's success is its ability to address the ever-evolving demands of modern industries.

Market Dynamics

Drivers

  • Increasing demand for acetone as a solvent in various industries

  • Rising demand for acetone in the production of polycarbonate resins

  • Growing popularity of acetone as a cleaning agent in the electronics industry

Acetone is widely utilized for removing contaminants, such as oils, greases, and flux residues, from electronic components and circuit boards. The ability of acetone to dissolve these substances efficiently makes it an ideal choice for ensuring the cleanliness and optimal performance of electronic devices. Furthermore, the electronics industry is witnessing rapid advancements and innovations, leading to the production of smaller and more intricate electronic components. As a result, the need for precise and thorough cleaning processes has become paramount. Acetone's ability to penetrate even the tiniest crevices and remove stubborn contaminants makes it an indispensable cleaning agent in this industry. Its low cost, high availability, and ease of use make it a preferred choice for manufacturers. Additionally, acetone evaporates quickly without leaving any residue, ensuring that the cleaned components are ready for further processing without delay. The increasing demand for electronic devices, coupled with the growing trend of miniaturization, has propelled the need for efficient cleaning agents like acetone. As the electronics industry continues to expand, the Acetone Market is expected to witness substantial growth in the coming years.

Restrain

  • Fluctuating prices of crude oil

  • High level of flammability while posing low acute toxicity risks

Acetone, a widely used chemical compound, exhibits a remarkable propensity to catch fire easily. This characteristic poses a considerable challenge for industries that handle and store acetone, as it necessitates stringent safety measures to prevent accidents and potential disasters. The potential for fires and explosions associated with acetone demands careful handling, storage, and transportation practices to mitigate the risks effectively. Furthermore, while acetone's acute toxicity risks are relatively low, its flammability factor remains a significant concern. Acute toxicity refers to the immediate harmful effects that a substance can have on human health or the environment. In the case of acetone, the risks of immediate harm are relatively low. However, its highly flammable nature can lead to severe consequences if not handled with utmost care.

Opportunities

  • Increasing demand for bio-based acetone

  • Growing adoption of acetone in the healthcare industry

One of the primary reasons for the rising adoption of acetone in the healthcare industry is its role in pharmaceutical manufacturing. Acetone serves as a crucial ingredient in the production of medications, including antibiotics, analgesics, and antiseptics. Its ability to dissolve and stabilize active pharmaceutical ingredients (APIs) ensures the efficacy and quality of these drugs. Moreover, acetone's low toxicity and compatibility with a wide range of substances make it a preferred solvent in pharmaceutical formulations. Furthermore, acetone finds extensive use in medical device manufacturing. It plays a vital role in the production of catheters, syringes, and surgical instruments. Acetone's solvent properties enable the bonding of different materials, such as plastics and metals, ensuring the durability and functionality of these devices. Additionally, acetone's ability to remove contaminants and residues from medical equipment enhances its safety and effectiveness.

Challenges

  • Stringent regulations regarding the use and disposal of acetone

Impact of Russia-Ukraine War:

The ongoing conflict between Russia and Ukraine has had a significant impact on the global supply chain of acetone, a crucial chemical compound utilized in various industries. This war has caused crude prices to fluctuate, consequently leading to changes in petrochemical prices. As a result, the price of acetone has been greatly affected. By the 25th of March 2022, acetone prices in China had reached USD 920 per tonne CFR Qingdao. However, due to the disruption caused by the Russia-Ukraine war, trade activities have been severely hampered. This disruption has resulted in a decrease in the global supply of acetone, subsequently causing prices to surge. Moreover, the conflict has also impacted the demand for acetone. Industries in both Russia and Ukraine, including automotive, construction, and pharmaceutical sectors, have experienced a decline in production and economic activity. Consequently, these industries have scaled back their operations, leading to a reduced demand for acetone. The consequences of this war extend beyond the supply and demand dynamics of acetone. It has disrupted the entire supply chain, affecting various industries and their ability to function efficiently.

Impact of Recession:

Acetone prices in the US market have experienced a significant decline in June 2022. This is attributed to the decrease in crude oil prices and a decrease in purchasing activity. Furthermore, concerns about a potential recession are impacting the overall economic growth of the US market. The US market has observed a sharp decline in crude oil prices. This decline, coupled with a limited supply of the product, has had a direct impact on the prices of its derivatives. The cost of crude oil in the local US market has fallen below $100 per barrel due to the looming recession. Since crude oil is the primary raw material used in the production of acetone, the decrease in its price has directly affected the pricing of acetone. In addition, the increasing interest rates set by the Federal Reserve have caused the value of the US dollar to rise significantly compared to other currencies. This has led to other international countries refraining from importing goods from the USA due to high export charges. Consequently, there has been a decrease in purchasing activity from international markets, resulting in high inventories of acetone in the local market. Furthermore, the demand from the domestic market has also declined due to weak consumer purchasing. The demand for downstream derivatives such as Bisphenol A and Methyl Methacrylate has not picked up pace, further negatively impacting the acetone market. As a result, acetone prices in the US market have continuously dropped by approximately 1%, with a decrease of $10 per tonne from June 24th to July 2022.

Market segmentation

By Grade

  • Technical Grade

  • Specialty Grade

By Application

  • Solvents

  • Bisphenol A (BPA)

  • Methyl Methacrylate (MMA)

  • Others

By End-use

  • Agricultural Chemicals

  • Cosmetics & Personal Care

  • Automotive

  • Paints & Coatings

  • Plastics

  • Pharmaceuticals

  • Rubber Processing

  • Printing Ink

  • Polymer & Resin Processing

  • Adhesive

  • Others

Regional Analysis

Asia Pacific dominated the acetone market with a revenue share of about 47.8% in 2023 and is expected to grow significantly during the forecast period. One of the primary drivers behind Asia Pacific's dominance is its thriving chemical industry. The region boasts a well-established network of chemical manufacturers, which has facilitated the production and distribution of acetone on a large scale. Moreover, the availability of abundant raw materials, such as propylene, has further bolstered the region's acetone production capabilities. Additionally, the manufacturing sector in Asia Pacific has been witnessing remarkable growth, contributing to the increased demand for acetone. Acetone has extensive applications in various industries, including automotive, construction, pharmaceuticals, and cosmetics. As these sectors continue to expand in the region, the demand for acetone-based products, such as solvents, adhesives, and coatings, is expected to surge.

Europe is expected to grow with the highest CAGR of about 8.3% in the acetone market during the forecast period of 2024-2031. This growth is mainly attributed to the region's robust industrial sector, particularly in the automotive, construction, and pharmaceutical industries, which is expected to fuel the demand for acetone. Furthermore, Europe's increasing focus on sustainable practices and environmental regulations has led to a surge in demand for bio-based acetone. As the region strives to reduce its carbon footprint, the adoption of renewable and eco-friendly alternatives has gained significant momentum. This shift towards bio-based acetone, derived from renewable resources such as biomass and waste materials, is expected to drive market growth in Europe.

Acetone-Market-By-Region

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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

Key Players

The major key players are INEOS Phenol GmbH, SABIC, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fiber Corporation, Kumho P&B Chemicals, Royal Dutch Shell PLC, Honeywell Research Chemicals, Spectrum Chemical Mfg. Corp., Altivia Chemicals, and other key players mentioned in the final report.

Formosa Chemical and Fiber Corporation-Company Financial Analysis

Recent Development:

  • In June 2022, INEOS Phenol proudly introduced its inaugural bio-attributed product line, consisting of phenol, acetone, and alpha-methyl styrene (AMS). These groundbreaking products, developed without the utilization of fossil fuels as feedstock, will be marketed under the distinguished brand name INVIRIDISTM.

Acetone Market Report Scope
Report Attributes Details
Market Size in 2023  US$ 6.1 Bn
Market Size by 2031  US$ 11.01 Bn
CAGR   CAGR of 7.7%  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 (Technical Grade and Specialty Grade)
• By Application (Solvents, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others)
• By End-use (Agricultural Chemicals, Cosmetics & Personal Care, Automotive, Paints & Coatings, Plastics, Pharmaceuticals, Rubber Processing, Printing Ink, Polymer & Resin Processing, Adhesive, 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 INEOS Phenol GmbH, SABIC, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fiber Corporation, Kumho P&B Chemicals, Royal Dutch Shell PLC, Honeywell Research Chemicals, Spectrum Chemical Mfg. Corp., Altivia Chemicals
Key Drivers • Increasing demand for acetone as a solvent in various industries
• Rising demand for acetone in the production of polycarbonate resins
• Growing popularity of acetone as a cleaning agent in the electronics industry
Market Restraints • Fluctuating prices of crude oil
• High level of flammability while posing low acute toxicity risks

 

Frequently Asked Questions

Ans: The Acetone Market was valued at USD 6.1 billion in 2023.

Ans: The expected CAGR of the global Acetone Market during the forecast period is 7.7%.

Ans: Cosmetics manufacturers utilize acetone as a solvent in the production of various personal care products. Its ability to dissolve oils, waxes, and other ingredients allows for the creation of creams, lotions, and nail polish removers. Acetone's quick evaporation also contributes to the desired texture and consistency of these products.

Ans: The Growing demand for bio-based acetone, derived from renewable sources such as biomass and waste, offers a promising avenue for market expansion.

Ans: Stringent regulations regarding the use and disposal of acetone, due to its hazardous nature, pose challenges for market players. These restraints can limit the growth potential of the acetone market.

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. Acetone Market Segmentation, By Grade
8.1 Technical Grade
8.2 Specialty Grade


9. Acetone Market Segmentation, By Application
9.1 Solvents
9.2 Bisphenol A (BPA)
9.3 Methyl Methacrylate (MMA)
9.4 Others


10. Acetone Market Segmentation, By End-use
10.1 Agricultural Chemicals
10.2 Cosmetics & Personal Care
10.3 Automotive
10.4 Paints & Coatings
10.5 Plastics
10.6 Pharmaceuticals
10.7 Rubber Processing
10.8 Printing Ink
10.9 Polymer & Resin Processing
10.10 Adhesive
10.11 Others


11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Acetone Market by Country
11.2.2North America Acetone Market by Grade
11.2.3 North America Acetone Market by Application
11.2.4 North America Acetone Market by End-use
11.2.5 USA
11.2.5.1 USA Acetone Market by Grade
11.2.5.2 USA Acetone Market by Application
11.2.5.3 USA Acetone Market by End-use
11.2.6 Canada
11.2.6.1 Canada Acetone Market by Grade
11.2.6.2 Canada Acetone Market by Application
11.2.6.3 Canada Acetone Market by End-use
11.2.7 Mexico
11.2.7.1 Mexico Acetone Market by Grade
11.2.7.2 Mexico Acetone Market by Application
11.2.7.3 Mexico Acetone Market by End-use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Acetone Market by Country
11.3.1.2 Eastern Europe Acetone Market by Grade
11.3.1.3 Eastern Europe Acetone Market by Application
11.3.1.4 Eastern Europe Acetone Market by End-use
11.3.1.5 Poland
11.3.1.5.1 Poland Acetone Market by Grade
11.3.1.5.2 Poland Acetone Market by Application
11.3.1.5.3 Poland Acetone Market by End-use
11.3.1.6 Romania
11.3.1.6.1 Romania Acetone Market by Grade
11.3.1.6.2 Romania Acetone Market by Application
11.3.1.6.4 Romania Acetone Market by End-use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Acetone Market by Grade
11.3.1.7.2 Turkey Acetone Market by Application
11.3.1.7.3 Turkey Acetone Market by End-use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Acetone Market by Grade
11.3.1.8.2 Rest of Eastern Europe Acetone Market by Application
11.3.1.8.3 Rest of Eastern Europe Acetone Market by End-use
11.3.2 Western Europe
11.3.2.1 Western Europe Acetone Market by Grade
11.3.2.2 Western Europe Acetone Market by Application
11.3.2.3 Western Europe Acetone Market by End-use
11.3.2.4 Germany
11.3.2.4.1 Germany Acetone Market by Grade
11.3.2.4.2 Germany Acetone Market by Application
11.3.2.4.3 Germany Acetone Market by End-use
11.3.2.5 France
11.3.2.5.1 France Acetone Market by Grade
11.3.2.5.2 France Acetone Market by Application
11.3.2.5.3 France Acetone Market by End-use
11.3.2.6 UK
11.3.2.6.1 UK Acetone Market by Grade
11.3.2.6.2 UK Acetone Market by Application
11.3.2.6.3 UK Acetone Market by End-use
11.3.2.7 Italy
11.3.2.7.1 Italy Acetone Market by Grade
11.3.2.7.2 Italy Acetone Market by Application
11.3.2.7.3 Italy Acetone Market by End-use
11.3.2.8 Spain
11.3.2.8.1 Spain Acetone Market by Grade
11.3.2.8.2 Spain Acetone Market by Application
11.3.2.8.3 Spain Acetone Market by End-use
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Acetone Market by Grade
11.3.2.9.2 Netherlands Acetone Market by Application
11.3.2.9.3 Netherlands Acetone Market by End-use
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Acetone Market by Grade
11.3.2.10.2 Switzerland Acetone Market by End-use
11.3.2.10.3 Switzerland Acetone Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Acetone Market by Grade
11.3.2.11.3 Austria Acetone Market by Application
11.3.2.11.4 Austria Acetone Market by End-use
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Acetone Market by Grade
11.3.2.12.2 Rest of Western Europe Acetone Market by Application
11.3.2.12.3 Rest of Western Europe Acetone Market by End-use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Acetone Market by Country
11.4.2 Asia-Pacific Acetone Market by Grade
11.4.3 Asia-Pacific Acetone Market by Application
11.4.4 Asia-Pacific Acetone Market by End-use
11.4.5 China
11.4.5.1 China Acetone Market by Grade
11.4.5.2 China Acetone Market by Application
11.4.5.3 China Acetone Market by End-use
11.4.6 India
11.4.6.1 India Acetone Market by Grade
11.4.6.2 India Acetone Market by Application
11.4.6.3 India Acetone Market by End-use
11.4.7 Japan
11.4.7.1 Japan Acetone Market by Grade
11.4.7.2 Japan Acetone Market by Application
11.4.7.3 Japan Acetone Market by End-use
11.4.8 South Korea
11.4.8.1 South Korea Acetone Market by Grade
11.4.8.2 South Korea Acetone Market by Application
11.4.8.3 South Korea Acetone Market by End-use
11.4.9 Vietnam
11.4.9.1 Vietnam Acetone Market by Grade
11.4.9.2 Vietnam Acetone Market by Application
11.4.9.3 Vietnam Acetone Market by End-use
11.4.10 Singapore
11.4.10.1 Singapore Acetone Market by Grade
11.4.10.2 Singapore Acetone Market by Application
11.4.10.3 Singapore Acetone Market by End-use
11.4.11 Australia
11.4.11.1 Australia Acetone Market by Grade
11.4.11.2 Australia Acetone Market by Application
11.4.11.3 Australia Acetone Market by End-use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Acetone Market by Grade
11.4.12.2 Rest of Asia-Pacific Acetone Market by Application
11.4.12.3 Rest of Asia-Pacific Acetone Market by End-use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Acetone Market by Country
11.5.1.2 Middle East Acetone Market by Grade
11.5.1.3 Middle East Acetone Market by Application
11.5.1.4 Middle East Acetone Market by End-use
11.5.1.5 UAE
11.5.1.5.1 UAE Acetone Market by Grade
11.5.1.5.2 UAE Acetone Market by Application
11.5.1.5.3 UAE Acetone Market by End-use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Acetone Market by Grade
11.5.1.6.2 Egypt Acetone Market by Application
11.5.1.6.3 Egypt Acetone Market by End-use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Acetone Market by Grade
11.5.1.7.2 Saudi Arabia Acetone Market by Application
11.5.1.7.3 Saudi Arabia Acetone Market by End-use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Acetone Market by Grade
11.5.1.8.2 Qatar Acetone Market by Application
11.5.1.8.3 Qatar Acetone Market by End-use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Acetone Market by Grade
11.5.1.9.2 Rest of Middle East Acetone Market by Application
11.5.1.9.3 Rest of Middle East Acetone Market by End-use
11.5.2 Africa
11.5.2.1 Africa Acetone Market by Country
11.5.2.2 Africa Acetone Market by Grade
11.5.2.3 Africa Acetone Market by Application
11.5.2.4 Africa Acetone Market by End-use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Acetone Market by Grade
11.5.2.5.2 Nigeria Acetone Market by Application
11.5.2.5.3 Nigeria Acetone Market by End-use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Acetone Market by Grade
11.5.2.6.2 South Africa Acetone Market by Application
11.5.2.6.3 South Africa Acetone Market by End-use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Acetone Market by Grade
11.5.2.7.2 Rest of Africa Acetone Market by Application
11.5.2.7.3 Rest of Africa Acetone Market by End-use
11.6 Latin America
11.6.1 Latin America Acetone Market by Country
11.6.2 Latin America Acetone Market by Grade
11.6.3 Latin America Acetone Market by Application
11.6.4 Latin America Acetone Market by End-use
11.6.5 Brazil
11.6.5.1 Brazil Acetone Market by Grade
11.6.5.2 Brazil Acetone Market by Application
11.6.5.3 Brazil Acetone Market by End-use
11.6.6 Argentina
11.6.6.1 Argentina Acetone Market by Grade
11.6.6.2 Argentina Acetone Market by Application
11.6.6.3 Argentina Acetone Market by End-use
11.6.7 Colombia
11.6.7.1 Colombia Acetone Market by Grade
11.6.7.2 Colombia Acetone Market by Application
11.6.7.3 Colombia Acetone Market by End-use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Acetone Market by Grade
11.6.8.2 Rest of Latin America Acetone Market by Application
11.6.8.3    Rest of Latin America Acetone Market by End-use


12. Company profile
12.1 INEOS Phenol GmbH
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 SABIC
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 The Dow Chemical Company
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 Domo Chemicals GmbH
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 Formosa Chemical and Fiber Corporation
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 Kumho P&B Chemicals
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 Royal Dutch Shell PLC
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 Honeywell Research Chemicals
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
12.9 Spectrum Chemical Mfg. Corp.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Altivia Chemicals
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 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.

Secondary Research

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.

Primary Research

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.

Data Bank Validation

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.

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