Bioethanol Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Bioethanol market is expected to grow from US$ 69 billion in 2022 to more than US$ 118 billion by 2028 at a CAGR of 9.5% between 2022 and 2028.
Bioethanol is a biofuel derived after the fermentation of sugar beets or cereals, as well as wheat and corn or their residues. Bioethanol is a solution that meets critical needs as it offers motorists a financially controlled mobility and has a positive impact on agriculture and territories. Bioethanol plays a central role in decarbonizing transport among other solutions such as electricity or hydrogen. The most common use of bioethanol is in fuel production. Adding a proportion of bioethanol to conventional gasoline helps reduce greenhouse gas emissions during combustion. In food & beverages, there is a broad scope for the use of bioethanol as flavor enhancer, in vinegar production and as base for various drinks and confectionary. Further, bioethanol is used as a carrier and natural solvent in different cosmetics and personal care products.
MARKET DYNAMICS
The growing demand for bioethanol is attributed to factors such as increasing use of bioethanol fuel blends in different countries, and increasing focus on reducing greenhouse gas emissions and increasing the fuel efficiency of vehicles. Owing to a rise in global temperatures, fuel industries have searched for alternative energy sources that help lower emissions rates in combustion engines. Bioethanol is a potential alternative energy source. it benefits current engines and fuel processes by serving as an alternative to regular petrol in engines. These factors are fuelling the demand for bioethanol from the transportation sector. Further, the players operating in the market are focusing on increasing production capacity to fulfil the growing demand for bioethanol. For instance, according to the news released in October 2021, Clariant is set to officially open its first commercial-scale plant for the production of cellulosic ethanol based on the sunliquid technology. The plant is located in Podari, near Craiova, in the southwestern part of Romania.
MARKET SCOPE
The "Global Bioethanol Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of bioethanol market with detailed market segmentation by source, fuel blend, and end-use industry. The report provides key statistics on the market status of the leading bioethanol market player and offers key trends and opportunities in the bioethanol market.
Strategic Insights
MARKET SEGMENTATION
The global bioethanol market is segmented into source, fuel blend, and end-use industry. By source, the market is segmented into starch-based, sugar-based, cellulose-based, and others. In terms of fuel blend, the market is segmented into E5 to E10, E15 to E70, E75 to E85, and others. From end-use industry point of reference, the market is categorized into transportation, pharmaceutical, cosmetic, food & beverage, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bioethanol market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The bioethanol market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America is expected to register fastest growth during the forecast period. The strong growth of the market in the region is due to larger-scale production of bioethanol and growing demand for bioethanol in the region. There is a high demand for different ethanol fuel blends. Further, countries such as the US have mandated the use of bioethanol blends in vehicles. The below figure showcases the revenue growth trend in the bioethanol market:
The report analyzes factors affecting bioethanol market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, effecting the market during the forecast period. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the bioethanol market in these regions.
IMPACT OF COVID-19 PANDEMIC
Before the COVID-19 pandemic, the bioethanol market was mainly driven by the growing use of bioethanol in end-use industries such as transportation, pharmaceutical, cosmetics, and others. However, the COVID-19 pandemic has drastically altered the status of the chemical and materials sector and impacted the growth of the bioethanol market. The pandemic has caused disruptions in the supply chain of raw materials. The demand for bioethanol reduced for blending with gasoline due to lockdowns imposed to curb the spread of the virus that reduced motoring. On the other hand, there was a strong increase in bioethanol demand for hand sanitizers and various companies have re-directed their production. The bioethanol production increased in Germany despite COVID-19 pandemic. According to the German Bioethanol Industry Association’s 2020 market data for the production and consumption of certified sustainable bioethanol, the German bioethanol production, standardized for use as fuel, amounted to around 700,000 tonnes in 2020—an increase of 7.1% compared with the previous year.
As the economies are reviving their operations, the demand for bioethanol is improving further. The relaxation of lockdowns in different countries has enabled many people to use their cars. With this, the demand for bioethanol is increasing.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bioethanol market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The bioethanol market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America is expected to register fastest growth during the forecast period. The strong growth of the market in the region is due to larger-scale production of bioethanol and growing demand for bioethanol in the region. There is a high demand for different ethanol fuel blends. Further, countries such as the US have mandated the use of bioethanol blends in vehicles. The below figure showcases the revenue growth trend in the bioethanol market:
The report analyzes factors affecting bioethanol market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, effecting the market during the forecast period. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the bioethanol market in these regions.
IMPACT OF COVID-19 PANDEMIC
Before the COVID-19 pandemic, the bioethanol market was mainly driven by the growing use of bioethanol in end-use industries such as transportation, pharmaceutical, cosmetics, and others. However, the COVID-19 pandemic has drastically altered the status of the chemical and materials sector and impacted the growth of the bioethanol market. The pandemic has caused disruptions in the supply chain of raw materials. The demand for bioethanol reduced for blending with gasoline due to lockdowns imposed to curb the spread of the virus that reduced motoring. On the other hand, there was a strong increase in bioethanol demand for hand sanitizers and various companies have re-directed their production. The bioethanol production increased in Germany despite COVID-19 pandemic. According to the German Bioethanol Industry Association’s 2020 market data for the production and consumption of certified sustainable bioethanol, the German bioethanol production, standardized for use as fuel, amounted to around 700,000 tonnes in 2020—an increase of 7.1% compared with the previous year.
As the economies are reviving their operations, the demand for bioethanol is improving further. The relaxation of lockdowns in different countries has enabled many people to use their cars. With this, the demand for bioethanol is increasing.
MARKET PLAYERS
The report covers key organic and inorganic growth strategies in the bioethanol market. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bioethanol market are anticipated to lucrative growth opportunities in the future with the rising demand for bioethanol.
The report also includes the profiles of key bioethanol market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Below mentioned is the list of few companies engaged in the bioethanol market.
- POET, LLC.
- Tereos
- BP p.l.c.
- CropEnergies AG
- Abengoa Bioenergía
- ADM
- Shell
- Aemetis, Inc.
- The Andersons, Inc
- Cargill, Incorporated
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Fuel Blend, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bioethanol Market - By Feedstock Type
1.3.2 Bioethanol Market - By Type
1.3.3 Bioethanol Market - By End-Use
1.3.4 Bioethanol Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. BIOETHANOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BIOETHANOL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BIOETHANOL MARKET - GLOBAL MARKET ANALYSIS
6.1. BIOETHANOL - GLOBAL MARKET OVERVIEW
6.2. BIOETHANOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIOETHANOL MARKET - REVENUE AND FORECASTS TO 2028 - FEEDSTOCK TYPE
7.1. OVERVIEW
7.2. FEEDSTOCK TYPE MARKET FORECASTS AND ANALYSIS
7.3. SUGAR-BASED
7.3.1. Overview
7.3.2. Sugar-Based Market Forecast and Analysis
7.4. STARCH-BASED
7.4.1. Overview
7.4.2. Starch-Based Market Forecast and Analysis
7.5. CELLULOSE-BASED
7.5.1. Overview
7.5.2. Cellulose-Based Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. BIOETHANOL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. E5
8.3.1. Overview
8.3.2. E5 Market Forecast and Analysis
8.4. E10
8.4.1. Overview
8.4.2. E10 Market Forecast and Analysis
8.5. E15 TO E70
8.5.1. Overview
8.5.2. E15 to E70 Market Forecast and Analysis
8.6. E75 TO E85
8.6.1. Overview
8.6.2. E75 to E85 Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. BIOETHANOL MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. TRANSPORTATION
9.3.1. Overview
9.3.2. Transportation Market Forecast and Analysis
9.4. ALCOHOLIC BEVERAGES
9.4.1. Overview
9.4.2. Alcoholic Beverages Market Forecast and Analysis
9.5. COSMETICS
9.5.1. Overview
9.5.2. Cosmetics Market Forecast and Analysis
9.6. PHARMACEUTICALS
9.6.1. Overview
9.6.2. Pharmaceuticals Market Forecast and Analysis
9.7. POWER GENERATION
9.7.1. Overview
9.7.2. Power Generation Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. BIOETHANOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Bioethanol Market Overview
10.1.2 North America Bioethanol Market Forecasts and Analysis
10.1.3 North America Bioethanol Market Forecasts and Analysis - By Feedstock Type
10.1.4 North America Bioethanol Market Forecasts and Analysis - By Type
10.1.5 North America Bioethanol Market Forecasts and Analysis - By End-Use
10.1.6 North America Bioethanol Market Forecasts and Analysis - By Countries
10.1.6.1 United States Bioethanol Market
10.1.6.1.1 United States Bioethanol Market by Feedstock Type
10.1.6.1.2 United States Bioethanol Market by Type
10.1.6.1.3 United States Bioethanol Market by End-Use
10.1.6.2 Canada Bioethanol Market
10.1.6.2.1 Canada Bioethanol Market by Feedstock Type
10.1.6.2.2 Canada Bioethanol Market by Type
10.1.6.2.3 Canada Bioethanol Market by End-Use
10.1.6.3 Mexico Bioethanol Market
10.1.6.3.1 Mexico Bioethanol Market by Feedstock Type
10.1.6.3.2 Mexico Bioethanol Market by Type
10.1.6.3.3 Mexico Bioethanol Market by End-Use
10.2. EUROPE
10.2.1 Europe Bioethanol Market Overview
10.2.2 Europe Bioethanol Market Forecasts and Analysis
10.2.3 Europe Bioethanol Market Forecasts and Analysis - By Feedstock Type
10.2.4 Europe Bioethanol Market Forecasts and Analysis - By Type
10.2.5 Europe Bioethanol Market Forecasts and Analysis - By End-Use
10.2.6 Europe Bioethanol Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Bioethanol Market
10.2.6.1.1 Germany Bioethanol Market by Feedstock Type
10.2.6.1.2 Germany Bioethanol Market by Type
10.2.6.1.3 Germany Bioethanol Market by End-Use
10.2.6.2 France Bioethanol Market
10.2.6.2.1 France Bioethanol Market by Feedstock Type
10.2.6.2.2 France Bioethanol Market by Type
10.2.6.2.3 France Bioethanol Market by End-Use
10.2.6.3 Italy Bioethanol Market
10.2.6.3.1 Italy Bioethanol Market by Feedstock Type
10.2.6.3.2 Italy Bioethanol Market by Type
10.2.6.3.3 Italy Bioethanol Market by End-Use
10.2.6.4 United Kingdom Bioethanol Market
10.2.6.4.1 United Kingdom Bioethanol Market by Feedstock Type
10.2.6.4.2 United Kingdom Bioethanol Market by Type
10.2.6.4.3 United Kingdom Bioethanol Market by End-Use
10.2.6.5 Russia Bioethanol Market
10.2.6.5.1 Russia Bioethanol Market by Feedstock Type
10.2.6.5.2 Russia Bioethanol Market by Type
10.2.6.5.3 Russia Bioethanol Market by End-Use
10.2.6.6 Rest of Europe Bioethanol Market
10.2.6.6.1 Rest of Europe Bioethanol Market by Feedstock Type
10.2.6.6.2 Rest of Europe Bioethanol Market by Type
10.2.6.6.3 Rest of Europe Bioethanol Market by End-Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Bioethanol Market Overview
10.3.2 Asia-Pacific Bioethanol Market Forecasts and Analysis
10.3.3 Asia-Pacific Bioethanol Market Forecasts and Analysis - By Feedstock Type
10.3.4 Asia-Pacific Bioethanol Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Bioethanol Market Forecasts and Analysis - By End-Use
10.3.6 Asia-Pacific Bioethanol Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Bioethanol Market
10.3.6.1.1 Australia Bioethanol Market by Feedstock Type
10.3.6.1.2 Australia Bioethanol Market by Type
10.3.6.1.3 Australia Bioethanol Market by End-Use
10.3.6.2 China Bioethanol Market
10.3.6.2.1 China Bioethanol Market by Feedstock Type
10.3.6.2.2 China Bioethanol Market by Type
10.3.6.2.3 China Bioethanol Market by End-Use
10.3.6.3 India Bioethanol Market
10.3.6.3.1 India Bioethanol Market by Feedstock Type
10.3.6.3.2 India Bioethanol Market by Type
10.3.6.3.3 India Bioethanol Market by End-Use
10.3.6.4 Japan Bioethanol Market
10.3.6.4.1 Japan Bioethanol Market by Feedstock Type
10.3.6.4.2 Japan Bioethanol Market by Type
10.3.6.4.3 Japan Bioethanol Market by End-Use
10.3.6.5 South Korea Bioethanol Market
10.3.6.5.1 South Korea Bioethanol Market by Feedstock Type
10.3.6.5.2 South Korea Bioethanol Market by Type
10.3.6.5.3 South Korea Bioethanol Market by End-Use
10.3.6.6 Rest of Asia-Pacific Bioethanol Market
10.3.6.6.1 Rest of Asia-Pacific Bioethanol Market by Feedstock Type
10.3.6.6.2 Rest of Asia-Pacific Bioethanol Market by Type
10.3.6.6.3 Rest of Asia-Pacific Bioethanol Market by End-Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Bioethanol Market Overview
10.4.2 Middle East and Africa Bioethanol Market Forecasts and Analysis
10.4.3 Middle East and Africa Bioethanol Market Forecasts and Analysis - By Feedstock Type
10.4.4 Middle East and Africa Bioethanol Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Bioethanol Market Forecasts and Analysis - By End-Use
10.4.6 Middle East and Africa Bioethanol Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Bioethanol Market
10.4.6.1.1 South Africa Bioethanol Market by Feedstock Type
10.4.6.1.2 South Africa Bioethanol Market by Type
10.4.6.1.3 South Africa Bioethanol Market by End-Use
10.4.6.2 Saudi Arabia Bioethanol Market
10.4.6.2.1 Saudi Arabia Bioethanol Market by Feedstock Type
10.4.6.2.2 Saudi Arabia Bioethanol Market by Type
10.4.6.2.3 Saudi Arabia Bioethanol Market by End-Use
10.4.6.3 U.A.E Bioethanol Market
10.4.6.3.1 U.A.E Bioethanol Market by Feedstock Type
10.4.6.3.2 U.A.E Bioethanol Market by Type
10.4.6.3.3 U.A.E Bioethanol Market by End-Use
10.4.6.4 Rest of Middle East and Africa Bioethanol Market
10.4.6.4.1 Rest of Middle East and Africa Bioethanol Market by Feedstock Type
10.4.6.4.2 Rest of Middle East and Africa Bioethanol Market by Type
10.4.6.4.3 Rest of Middle East and Africa Bioethanol Market by End-Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Bioethanol Market Overview
10.5.2 South and Central America Bioethanol Market Forecasts and Analysis
10.5.3 South and Central America Bioethanol Market Forecasts and Analysis - By Feedstock Type
10.5.4 South and Central America Bioethanol Market Forecasts and Analysis - By Type
10.5.5 South and Central America Bioethanol Market Forecasts and Analysis - By End-Use
10.5.6 South and Central America Bioethanol Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Bioethanol Market
10.5.6.1.1 Brazil Bioethanol Market by Feedstock Type
10.5.6.1.2 Brazil Bioethanol Market by Type
10.5.6.1.3 Brazil Bioethanol Market by End-Use
10.5.6.2 Rest of South and Central America Bioethanol Market
10.5.6.2.1 Rest of South and Central America Bioethanol Market by Feedstock Type
10.5.6.2.2 Rest of South and Central America Bioethanol Market by Type
10.5.6.2.3 Rest of South and Central America Bioethanol Market by End-Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. BIOETHANOL MARKET, KEY COMPANY PROFILES
12.1. ARCHER DANIELS MIDLAND COMPANY
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CROPENERGIES AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. FILNT HILLS RESOURCES
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GREEN PLAINS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. PACIFIC ETHANOL INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PETROBRAS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ROYAL DSM
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ROYAL DUTCH SHELL PLC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE ANDERSONS INC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. WHITE ENERGY
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- POET, LLC.
- Tereos
- BP p.l.c.
- CropEnergies AG
- Abengoa Bioenergía
- ADM
- Shell
- Aemetis, Inc.
- The Andersons, Inc
- Cargill, Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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