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High purity quartz is important industrial materials used across high-end electronics applications such as semiconductors, lighting, and photovoltaic (PV) solar panels. It is used to produce glass that has excellent optical transmission properties and the ability to withstand extremely high temperatures and warm stuns. Moreover, quartz is also used in the manufacturing of photovoltaic cells, silicon metal, and halogens. Furthermore, high purity quartz is also used in the manufacturing of fiber optics.

The global high purity quartz market is projected to reach around US$ 1,331.0 million by the end of 2027, in terms of revenue, growing at CAGR of 8.5% during the forecast period (2020-2027).

Drivers:

Growing demand for semiconductor IC’s due to penetration of the internet of things is expected to accelerate the market growth of high purity quartz. HPQ glass crucible is widely used to produce metallic semiconductor grade Si. The growth of the high purity quartz market is also attributed to the rising production of semiconductor IC's products.

Growth in the telecommunication and optical fibers industry is projected to foster the market growth of high purity quartz. The rising demand for a high bandwidth network coupled with the increasing penetration of the internet around the globe is anticipated to fuel the market growth of high purity quartz. 

Figure 1. Global High Purity Quartz Market Share (%) in terms of Value, By Region, in 2019

High Purity Quartz  | Coherent Market Insights

Asia Pacific region dominated the global high purity quartz market in 2019, accounting for 58.7% share in terms of value, followed by Europe and North America, respectively.

Market Restraints

Lack of technical experts is acting as challenges for technological advancement in high purity quartz processing techniques. Moreover, only a few industrial laboratories are able to provide a technological solution. This factor is expected to hinder the market growth of high purity quartz over the forecast period.

Market Opportunities

Rising demand for high purity quartz is an important ingredient in the manufacturing of Si metal is expected to provide potential growth opportunities. Manufacturing of Si metal has a wide range of industrial applications such as semiconductors to produce poly-silicon. Moreover, emerging new and niche application area due to its excellent chemical and physical resistance of high purity quartz is also anticipated to propel the market growth of high purity quartz.

Rapid urbanization and industrialization around the globe coupled with the increasing per capita income of the consumers are propelling demand for advanced electronic products. Moreover, rising awareness regarding the benefits of high purity quartz as an industrial product across the developing region is further anticipated to accelerate market growth. 

Figure 2. Global High Purity Quartz Market– Opportunity Analysis

High Purity Quartz  | Coherent Market Insights

Market Trends

Rising demand for silica gel around the globe is expected to fuel the market growth high purity quartz. For instance, in February 2020, Thermo Fisher Scientific Baltics, a US-owned Lithuanian producer of medical and scientific equipment, has announced to expand its product range by launching the production of high-purity silica gel. Thus, the rising demand for silica gel will favor market growth.

Figure 3. Global High Purity Quartz Market Share (%) in terms of Value, By Application, in 2019

High Purity Quartz  | Coherent Market Insights

On the basis of application in 2019, the semiconductor segment has accounted the largest market share of 52.1% in terms of value

Competitive Section:

Company Names 

Established Players

  1. Unimin Corp./Sibelco
  2. The Quartz Corp.
  3. Russian Quartz LLC – Kyshtym Mining - Sumitomo

Other Small Players

  1. Jiangsu Pacific Quartz Co.

Potential Upcoming Players

  1. Nordic Mining
  2. High Purity Quartz Pty Ltd
Infoimg

High purity quartz is important industrial materials used across high-end electronics applications such as semiconductors, lighting, and photovoltaic (PV) solar panels. It is used to produce glass that has excellent optical transmission properties and the ability to withstand extremely high temperatures and warm stuns. Moreover, quartz is also used in the manufacturing of photovoltaic cells, silicon metal, and halogens. Furthermore, high purity quartz is also used in the manufacturing of fiber optics.

Market Dynamics

Rising environmental concern has raised the demand for renewable source of energy which is further expected to fuel the demand for high purity quartz over the forecast period. Moreover, growing demand for kitchen appliances where quartz is in kitchen countertops is further expected to accelerate the market growth. Moreover, growth in the construction industry is also expected to raise demand for quartz, thus fueling market growth of high purity quartz

The growing use of quartz across surface and tile applications is projected to stimulate market growth over the forecast period. Quartz is also gaining huge demand across the medical industry in the manufacturing imaging devices and sharp cutting medical tools is further anticipated to augment the market growth

Small and medium-sized mining industries in the quartz areas are reluctant to enter the high purity quartz market due to the complex structure of the high purity quartz market. Therefore, the complex structure of the high purity quartz market is projected to hinder the market growth over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global high purity quartz market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global high purity quartz market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Unimin Corp./Sibelco, The Quartz Corp., Russian Quartz LLC – Kyshtym Mining – Sumitomo, Jiangsu Pacific Quartz Co., Nordic Mining, and High Purity Quartz Pty Ltd
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global high purity quartz market report caters to various stakeholders in this industry including investors, suppliers, high purity quartz manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the high purity quartz market

Detailed Segmentation:

  • Global High Purity Quartz Market, By Product Type:
    • HPQ Powder
    • Grade I
    • Grade II
    • Grade III
  • Global High Purity Quartz Market, By Application:
    • Semiconductor
    • Solar
    • Lighting
    • Telecom & Optics
    • Microelectronics
    • Others
  • Global High Purity Quartz Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Canada
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Germany
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • France
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Italy
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Spain
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Russia
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Rest of Europe
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • India
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Japan
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • ASEAN
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Australia
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • South Korea
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Mexico
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Rest of Latin America
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Israel
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Rest of Middle East
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
    • Africa
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • Central Africa
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
      • South Africa
        • By Product Type:
          • HPQ Powder
          • Grade I
          • Grade II
          • Grade III
        • By Application:
          • Semiconductor
          • Solar
          • Lighting
          • Telecom & Optics
          • Microelectronics
          • Others
  • Company Profiles
    • Unimin Corp./Sibelco *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • The Quartz Corp.
    • Russian Quartz LLC – Kyshtym Mining - Sumitomo
    • Jiangsu Pacific Quartz Co.
    • Nordic Mining
    • High Purity Quartz Pty Ltd

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global High Purity Quartz Market, By Product Type, 2017 - 2027 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • HPQ Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Grade I
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Grade II
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Grade III
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
  5. Global High Purity Quartz Market, By Application, 2017 - 2027 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Semiconductor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Solar
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Lighting
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Telecom & Optics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Microelectronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and Tons)
  6. Global High Purity Quartz Market, By Region, 2017- 2027 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
          •  
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Africa
      • Market Share Analysis, By Sub-region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-region, 2020 – 2027 (%)
        • North Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Central Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • South Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Unimin Corp./Sibelco
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Quartz Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Russian Quartz LLC – Kyshtym Mining - Sumitomo
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jiangsu Pacific Quartz Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nordic Mining
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • High Purity Quartz Pty Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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