The Rubber Process Oil Market size was valued at USD 2.43 billion in 2024 and is expected to reach USD 3.40 billion by 2032, growing at a CAGR of 4.28% over the forecast period of 2025-2032.
The rubber process oil industry is under substantial transformation with the advent of advanced materials and formulation development requiring more carefully designed materials and compositions which eco-friendly and healthier for workers. Aromatic rubber process oil and paraffinic process oil are gaining importance in the tires, flooring, and sealants applications. Nynas AB brought a renewable-feedstock rubber process oil to market in February 2024, which represents a significant change in the trajectory of the process oil market. In the 2024 TSCA Chemical Data Reporting rule from the U.S. EPA, now over 20 producers will have to disclose how much rubber process oil they are handling.
Additionally, in November 2023, the EPA proposed amendments to NESHAP for tire manufacturing, targeting reductions in hazardous air pollutants. These regulatory and technological developments are influencing rubber process oil market growth, rubber process oil market share, and overall rubber process oil market analysis, positioning key rubber process oil companies to meet the evolving demands of the global rubber process oil market size.
Drivers:
Rising adoption of electric vehicles spurs demand for high-performance process oils in tire manufacturing
Growth of Electric vehicles Demand for High-performance Rubber Compounds with Aromatic Rubber Process oil and Paraffinic Process oil. The U.S. Department of Energy also noted a 60% increase in EV sales in 2023 and increased tire specifications. This would ultimately reinforce the rubber process oil market size for automotive applications, leading to the growth of the rubber process oil market. Rubber Process Oils manufacturers are focusing on innovations to meet evolving demand for EV tires, influencing rubber process oil industry trends and global Process Oil Industry dynamics.
Innovation in bio-based paraffinic process oil fuels sustainable growth in the rubber process oil market
Development in bio-based paraffinic process oil is influencing the rubber process oil industry trends. Renewable rubber process oil was introduced in 2024 by Nynas AB, aiming at eco-friendly applications. Production scale-out is facilitated by USDA bio-refining programs. These transformations drive changes in the size of the rubber process oil market and rubber process oil companies. This trend is further supporting the transition in process oils market from petroleum based to green substitutes which will drive the global rubber process oil market growth for next 5 years.
Restraints:
Limited availability of high-quality base oils impedes paraffinic process oil production growth
The rubber process oil industry continues to face supply challenges on account of the scarcity of good-quality paraffinic oil, which is an essential base oil for rubber process oil. Shutdown of refineries in North America, as per the U.S. Department of Energy in 2023, had decreased production ability. This scarcity adversely affects rubber process oils manufacturers & limits rubber process oil market size. Lack of advanced refining infrastructure for process oils. The process oils market is dependent on advanced refining.
By Product
The aromatic segment dominated the rubber process oil market in 2024, holding a 50.3% market share due to its wide use in tire manufacturing. Aromatic rubber process oil offers excellent compatibility and improves rubber elasticity and durability. The U.S. EPA’s regulations permit controlled use of aromatic oils with low polycyclic aromatic hydrocarbons (PAHs), maintaining their acceptance. Rubber process oils companies continue to rely on aromatic oils for performance benefits, reinforcing this segment’s leading position in the process oils market.
Paraffinic rubber process oil is the fastest-growing segment with an estimated CAGR of 4.78% between 2025 and 2032. Growth is driven by demand for eco-friendly, low-aromatic process oils aligned with sustainability goals. The U.S. Department of Energy supports bio-based paraffinic oil innovation, enhancing rubber process oil market trends. Industry leaders like Nynas AB have launched renewable paraffinic oils, accelerating adoption among rubber process oils companies focused on reducing environmental impact while maintaining compound performance.
By Application
The Tyre application dominated the rubber process oil market in 2024 with a 52.3% market share, due to the increasing demand for durable, high-performance tires. Tires require aromatic rubber process oil for optimal flexibility and heat resistance. Regulatory bodies such as the U.S. EPA regulate emissions from tire manufacturing but permit compliant oil use. Rubber process oils companies invest in specialty oils enhancing tire life and safety, cementing this segment’s leadership within the process oils market.
Flooring materials are the fastest-growing application segment, with a forecasted CAGR of 5.81% from 2025 to 2032. This growth is fueled by increasing demand for flexible and durable flooring solutions using paraffinic process oil. Innovations in sustainable and bio-based oils, supported by government green initiatives, promote this trend. Rubber process oils companies are adapting to these changes, driving rubber process oil market trends and expanding their market share in the process oils market through new formulations tailored to flooring applications.
Asia Pacific holds a dominant 46.7% share in the rubber process oil market, driven by rapid industrialization and robust automotive sectors in China, India, and Japan. The region’s large-scale tire production sustains demand for aromatic rubber process oil, while government-backed green initiatives are boosting the shift toward bio-based paraffinic process oil. China leads this growth, supported by policies from the Ministry of Industry and Information Technology and increased investments in renewable feedstocks and refining technologies, reinforcing Asia Pacific’s leadership in the global rubber process oil market trends and growth.
Europe is the second-largest and fastest-growing region in the rubber process oil market, with a 20.1% share and the highest CAGR of 4.86% during the forecast period of 2025 to 2032. The growth is driven by stringent environmental regulations such as REACH and the EU's push for sustainability. The European Chemicals Agency (ECHA) promotes the reduction of polycyclic aromatic hydrocarbons (PAHs), encouraging a shift toward paraffinic process oil. Germany leads the region due to its robust automotive industry and commitment to environmental standards. The German Federal Environment Agency advocates for low-PAH and renewable alternatives, positioning Germany as a key force in regional and global rubber process oil market growth and innovation.
North America holds the third-largest share of 18.5% in the rubber process oil market due to its well-established automotive and tire industries that rely heavily on both aromatic rubber process oil and paraffinic process oil. Regulatory frameworks like the U.S. EPA’s NESHAP amendments implemented in 2023 drive cleaner production processes, encouraging innovation and compliance among rubber process oils companies. This regulatory focus fuels rubber process oil market growth and shapes process oils market trends, positioning North America as a stable yet evolving market within the global landscape.
The U.S. leads North America’s rubber process oil market with a market size of USD 321.14 million, with a market share of about 71% in 2024, and is projected to reach a value of USD 440.48 million by 2032. The dominance is driven by its extensive automotive manufacturing base and stringent environmental policies. The EPA’s 2023 NESHAP amendments enforce stricter emissions controls on hazardous air pollutants from tire manufacturing, accelerating the shift toward low-aromatic and paraffinic process oils. According to EPA data, major U.S.-based rubber process oils companies are investing in sustainable formulations to meet regulatory requirements, thereby supporting the rubber process oil market size and growth. This makes the U.S. a critical hub in the global process oils market.
Key Players:
The major rubber process oil market competitors include Nynas AB, Ergon, Inc., H&R Group (Hansen & Rosenthal), Apar Industries Ltd., Panama Petrochem Ltd., Raj Petro Specialities Pvt. Ltd. (A Brenntag Group Company), Behran Oil Company, Sinopec Lubricant Company, ORGI Chemie FZC, and Savita Oil Technologies Ltd.
Recent Developments:
In February 2025, Nynas introduced its EVO line of drop‑in process oils, achieving a verified 25% reduction in greenhouse gas emissions versus virgin oils
In July 2024, TotalEnergies acquired Tecoil, gaining a 50,000‑ton‑per‑year re‑refined base‑oil facility in Finland to supply sustainable feedstock for rubber process oils
Report Attributes | Details |
---|---|
Market Size in 2024 | USD 2.43 Billion |
Market Size by 2032 | USD 3.40 Billion |
CAGR | CAGR of 4.28% From 2025 to 2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Historical Data | 2021-2023 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | •By Product (Aromatic, Paraffinic, Naphthenic, Others) •By Application (Tyre, Footwear, Wire & Cable Covering, Flooring Materials, Paints & Coatings, Adhesive & Sealants, and Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Nynas AB, Ergon, Inc., H&R Group (Hansen & Rosenthal), Apar Industries Ltd., Panama Petrochem Ltd., Raj Petro Specialities Pvt. Ltd. (A Brenntag Group Company), Behran Oil Company, Sinopec Lubricant Company, ORGI Chemie FZC, and Savita Oil Technologies Ltd. |
The rubber process oil market size was valued at USD 2.43 billion in 2024, driven by rising demand for sustainable materials.
The aromatic rubber process oil segment dominates with a 50.3% market share due to its extensive use in tire manufacturing.
Asia Pacific dominates the rubber process oil market with a 46.7% share, fueled by rapid industrialization and automotive growth.
Key rubber process oils companies include Nynas AB, Ergon Inc., H&R Group, and Raj Petro Specialities Pvt. Ltd.
The tire application dominates with a 52.3% share due to the need for durable, high-performance tires.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Raw Material Sourcing Distribution
5.2 Regulatory Compliance Cost Trends
5.3 Investment in Research and Development
5.4 Applicationr Industry Contribution Trends
5.5 Export-Import Balance By Product
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion Plans and New Product Launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Rubber Process Oil Market Segmentation By Product
7.1 Chapter Overview
7.2 Aromatic
7.2.1 Aromatic Trend Analysis (2021-2032)
7.2.2 Aromatic Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Paraffinic
7.3.1 Paraffinic Market Trends Analysis (2021-2032)
7.3.2 Paraffinic Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Naphthenic
7.4.1 Naphthenic Trend Analysis (2021-2032)
7.4.2 Naphthenic Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Others
7.5.1 Others Market Trends Analysis (2021-2032)
7.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Rubber Process Oil Market Segmentation By Application
8.1 Chapter Overview
8.2 Tyre
8.2.1 Tyre Market Trends Analysis (2021-2032)
8.2.2 Tyre Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Footwear
8.3.1 Footwear Market Trends Analysis (2021-2032)
8.3.2 Footwear Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Wire & Cable Covering
8.4.1 Wire & Cable Covering Market Trends Analysis (2021-2032)
8.4.2 Wire & Cable Covering Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Flooring Materials
8.5.1 Flooring Materials Market Trends Analysis (2021-2032)
8.5.2 Flooring Materials Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Paints & Coatings
8.6.1 Paints & Coatings Market Trends Analysis (2021-2032)
8.6.2 Paints & Coatings Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Adhesive & Sealants
8.7.1 Adhesive & Sealants Market Trends Analysis (2021-2032)
8.7.2 Adhesive & Sealants Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Others
8.8.1 Others Market Trends Analysis (2021-2032)
8.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Rubber Process Oil Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.2.3 North America Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.2.4 North America Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.2.5.2 USA Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.2.6.2 Canada Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.2.7.2 Mexico Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3 Europe
9.3.1 Trends Analysis
9.3.2 Europe Rubber Process Oil Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.3.3 Europe Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.4 Europe Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.5 Germany
9.3.5.1 Germany Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.5.2 Germany Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.6 France
9.3.6.1 France Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.6.2 France Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.7 UK
9.3.7.1 UK Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.7.2 UK Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.8 Italy
9.3.8.1 Italy Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.8.2 Italy Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.9 Spain
9.3.9.1 Spain Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.9.2 Spain Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.10 Poland
9.3.10.1 Poland Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.10.2 Poland Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.11 Turkey
9.3.11.1 Turkey Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.11.2 Turkey Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.12 Rest of Europe
9.3.12.1 Rest of Europe Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.3.12.2 Rest of Europe Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Rubber Process Oil Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.4.3 Asia Pacific Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.4 Asia Pacific Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.5.2 China Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.5.2 India Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.5.2 Japan Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.6.2 South Korea Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.7 Singapore
9.4.7.1 Singapore Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.7.2 Singapore Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
8.4.8 Australia
8.4.8.1 Australia Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
8.4.8.2 Australia Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.9 Rest of Asia Pacific
9.4.9.1 Rest of Asia Pacific Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.4.9.2 Rest of Asia Pacific Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5 Middle East & Africa
9.5.1 Trends Analysis
9.5.2 Middle East & Africa Rubber Process Oil Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.5.3 Middle East & Africa Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.5.4 Middle East & Africa Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.5 UAE
9.5.5.1 UAE Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.5.5.2 UAE Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.6 Saudi Arabia
9.5.6.1 Saudi Arabia Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.5.6.2 Saudi Arabia Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.7 Qatar
9.5.7.1 Qatar Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.5.7.2 Qatar Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.8 South Africa
9.5.8.1 South Africa Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.5.8.2 South Africa Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.9 Rest of Middle East & Africa
9.5.9.1 Rest of Middle East & Africa Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.5.9.2 Rest of Middle East & Africa Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Rubber Process Oil Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.6.3 Latin America Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.6.4 Latin America Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.6.5.2 Brazil Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.6.6.2 Argentina Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6.7 Rest of Latin America
9.6.7.1 Rest of Latin America Rubber Process Oil Market Estimates and Forecasts, By Product (2021-2032) (USD Billion)
9.6.7.2 Rest of Latin America Rubber Process Oil Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10. Company Profiles
10.1 Nynas AB
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/Services Offered
10.1.4 SWOT Analysis
10.2 Ergon, Inc.
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/Services Offered
10.2.4 SWOT Analysis
10.3 H&R Group (Hansen & Rosenthal)
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/Services Offered
10.3.4 SWOT Analysis
10.4 Apar Industries Ltd.
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/Services Offered
10.4.4 SWOT Analysis
10.5 Panama Petrochem Ltd.
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/Services Offered
10.5.4 SWOT Analysis
10.6 Raj Petro Specialities Pvt. Ltd. (A Brenntag Group Company)
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/Services Offered
10.6.4 SWOT Analysis
10.7 Behran Oil Company
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/Services Offered
10.7.4 SWOT Analysis
10.8 Sinopec Lubricant Company
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/Services Offered
10.8.4 SWOT Analysis
10.9 ORGI Chemie FZC
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/Services Offered
10.9.4 SWOT Analysis
10.10 Savita Oil Technologies Ltd.
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. 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.
Key Segments:
By Product
Aromatic
Paraffinic
Naphthenic
Others
By Application
Tyre
Footwear
Wire & Cable Covering
Flooring Materials
Paints & Coatings
Adhesive & Sealants
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players