Cellulosic Man-Made Fiber Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Cellulosic man-made fibers are those fibers that are obtained from plant pulps. Cellulosic man-made fibers are used in various applications which is due to their strength, low weight, and moisture absorbency properties. Manufacturers are focused on developing new and innovative fibers such as those with water retention for the textile industry to meet the growing consumer demand.
MARKET SCOPE
The "Global Cellulosic Man-Made Fiber Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the cellulosic man-made fiber market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading cellulosic man-made fiber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on the type, the global cellulosic man-made fiber market is segmented into viscose, acetate, lyocell, modal, and others.
- Based on application, the global cellulosic man-made fiber market is segmented into apparel, home textile, industrial, and others.
MARKET DYNAMICS
Drivers:
- The increase in demand for a cotton alternative as well as for biodegradable fabrics is driving the demand for cellulosic man-made fiber.
- Along with this, the increasing pressure on fiber manufacturers to develop green and innovative fibers derived from plant sources instead of petrochemicals is expected to boost the demand for cellulosic man-made fiber.
Restraints:
- However, due to high production cost as well as fluctuating cost of raw materials such as wood pulp is restricting the growth of cellulosic man-made fiber market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cellulosic man-made fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cellulosic man-made fiber market in these regions.
IMPACT OF COVID-19 ON CELLULOSIC MAN-MADE FIBER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed as well as there were disruptions in supply chain of raw materials and key components which has had a negative impact on the cellulosic man-made fiber market. The apparel industry body Clothing Manufacturers Association of India (CMAI) estimated that if no assistance is provided by the government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Due to the COVID-19 pandemic the purchasing power of the people has been negative affected which has direct impact on construction, and textile industries, subsequently affecting the cellulosic man-made fibers market
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cellulosic man-made fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cellulosic man-made fiber market in these regions.
IMPACT OF COVID-19 ON CELLULOSIC MAN-MADE FIBER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed as well as there were disruptions in supply chain of raw materials and key components which has had a negative impact on the cellulosic man-made fiber market. The apparel industry body Clothing Manufacturers Association of India (CMAI) estimated that if no assistance is provided by the government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Due to the COVID-19 pandemic the purchasing power of the people has been negative affected which has direct impact on construction, and textile industries, subsequently affecting the cellulosic man-made fibers market
MARKET PLAYERS
The report covers key developments in the cellulosic man-made fiber market as organic and inorganic growth strategies. 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 the expansion of business and customer base of market players. The market players from cellulosic man-made fiber market are anticipated to provide lucrative growth opportunities in the future with the rising demand for cellulosic man-made fiber in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cellulosic man-made fiber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Celanese Corporation
- CFF GmbH & Co. KG
- Eastman Chemical Company.
- Fulida Group Holding Co., Ltd
- Grasim Industries Limited.
- Kelheim Fibres GmbH
- LENZING AG
- Mitsubishi Chemical Corporation
- Sateri
- Vaisala
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cellulosic Man-Made Fiber Market - By Type
1.3.2 Cellulosic Man-Made Fiber Market - By Application
1.3.3 Cellulosic Man-Made Fiber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CELLULOSIC MAN-MADE FIBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CELLULOSIC MAN-MADE FIBER 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 AND RESTRAINTS
6. CELLULOSIC MAN-MADE FIBER MARKET - GLOBAL MARKET ANALYSIS
6.1. CELLULOSIC MAN-MADE FIBER - GLOBAL MARKET OVERVIEW
6.2. CELLULOSIC MAN-MADE FIBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CELLULOSIC MAN-MADE FIBER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. VISCOSE
7.3.1. Overview
7.3.2. Viscose Market Forecast and Analysis
7.4. ACETATE
7.4.1. Overview
7.4.2. Acetate Market Forecast and Analysis
7.5. LYOCELL
7.5.1. Overview
7.5.2. Lyocell Market Forecast and Analysis
7.6. MODAL
7.6.1. Overview
7.6.2. Modal Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CELLULOSIC MAN-MADE FIBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. APPAREL
8.3.1. Overview
8.3.2. Apparel Market Forecast and Analysis
8.4. HOME TEXTILE
8.4.1. Overview
8.4.2. Home Textile Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CELLULOSIC MAN-MADE FIBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cellulosic Man-Made Fiber Market Overview
9.1.2 North America Cellulosic Man-Made Fiber Market Forecasts and Analysis
9.1.3 North America Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Type
9.1.4 North America Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Application
9.1.5 North America Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cellulosic Man-Made Fiber Market
9.1.5.1.1 United States Cellulosic Man-Made Fiber Market by Type
9.1.5.1.2 United States Cellulosic Man-Made Fiber Market by Application
9.1.5.2 Canada Cellulosic Man-Made Fiber Market
9.1.5.2.1 Canada Cellulosic Man-Made Fiber Market by Type
9.1.5.2.2 Canada Cellulosic Man-Made Fiber Market by Application
9.1.5.3 Mexico Cellulosic Man-Made Fiber Market
9.1.5.3.1 Mexico Cellulosic Man-Made Fiber Market by Type
9.1.5.3.2 Mexico Cellulosic Man-Made Fiber Market by Application
9.2. EUROPE
9.2.1 Europe Cellulosic Man-Made Fiber Market Overview
9.2.2 Europe Cellulosic Man-Made Fiber Market Forecasts and Analysis
9.2.3 Europe Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Type
9.2.4 Europe Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Application
9.2.5 Europe Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cellulosic Man-Made Fiber Market
9.2.5.1.1 Germany Cellulosic Man-Made Fiber Market by Type
9.2.5.1.2 Germany Cellulosic Man-Made Fiber Market by Application
9.2.5.2 France Cellulosic Man-Made Fiber Market
9.2.5.2.1 France Cellulosic Man-Made Fiber Market by Type
9.2.5.2.2 France Cellulosic Man-Made Fiber Market by Application
9.2.5.3 Italy Cellulosic Man-Made Fiber Market
9.2.5.3.1 Italy Cellulosic Man-Made Fiber Market by Type
9.2.5.3.2 Italy Cellulosic Man-Made Fiber Market by Application
9.2.5.4 United Kingdom Cellulosic Man-Made Fiber Market
9.2.5.4.1 United Kingdom Cellulosic Man-Made Fiber Market by Type
9.2.5.4.2 United Kingdom Cellulosic Man-Made Fiber Market by Application
9.2.5.5 Russia Cellulosic Man-Made Fiber Market
9.2.5.5.1 Russia Cellulosic Man-Made Fiber Market by Type
9.2.5.5.2 Russia Cellulosic Man-Made Fiber Market by Application
9.2.5.6 Rest of Europe Cellulosic Man-Made Fiber Market
9.2.5.6.1 Rest of Europe Cellulosic Man-Made Fiber Market by Type
9.2.5.6.2 Rest of Europe Cellulosic Man-Made Fiber Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cellulosic Man-Made Fiber Market Overview
9.3.2 Asia-Pacific Cellulosic Man-Made Fiber Market Forecasts and Analysis
9.3.3 Asia-Pacific Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cellulosic Man-Made Fiber Market
9.3.5.1.1 Australia Cellulosic Man-Made Fiber Market by Type
9.3.5.1.2 Australia Cellulosic Man-Made Fiber Market by Application
9.3.5.2 China Cellulosic Man-Made Fiber Market
9.3.5.2.1 China Cellulosic Man-Made Fiber Market by Type
9.3.5.2.2 China Cellulosic Man-Made Fiber Market by Application
9.3.5.3 India Cellulosic Man-Made Fiber Market
9.3.5.3.1 India Cellulosic Man-Made Fiber Market by Type
9.3.5.3.2 India Cellulosic Man-Made Fiber Market by Application
9.3.5.4 Japan Cellulosic Man-Made Fiber Market
9.3.5.4.1 Japan Cellulosic Man-Made Fiber Market by Type
9.3.5.4.2 Japan Cellulosic Man-Made Fiber Market by Application
9.3.5.5 South Korea Cellulosic Man-Made Fiber Market
9.3.5.5.1 South Korea Cellulosic Man-Made Fiber Market by Type
9.3.5.5.2 South Korea Cellulosic Man-Made Fiber Market by Application
9.3.5.6 Rest of Asia-Pacific Cellulosic Man-Made Fiber Market
9.3.5.6.1 Rest of Asia-Pacific Cellulosic Man-Made Fiber Market by Type
9.3.5.6.2 Rest of Asia-Pacific Cellulosic Man-Made Fiber Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cellulosic Man-Made Fiber Market Overview
9.4.2 Middle East and Africa Cellulosic Man-Made Fiber Market Forecasts and Analysis
9.4.3 Middle East and Africa Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cellulosic Man-Made Fiber Market
9.4.5.1.1 South Africa Cellulosic Man-Made Fiber Market by Type
9.4.5.1.2 South Africa Cellulosic Man-Made Fiber Market by Application
9.4.5.2 Saudi Arabia Cellulosic Man-Made Fiber Market
9.4.5.2.1 Saudi Arabia Cellulosic Man-Made Fiber Market by Type
9.4.5.2.2 Saudi Arabia Cellulosic Man-Made Fiber Market by Application
9.4.5.3 U.A.E Cellulosic Man-Made Fiber Market
9.4.5.3.1 U.A.E Cellulosic Man-Made Fiber Market by Type
9.4.5.3.2 U.A.E Cellulosic Man-Made Fiber Market by Application
9.4.5.4 Rest of Middle East and Africa Cellulosic Man-Made Fiber Market
9.4.5.4.1 Rest of Middle East and Africa Cellulosic Man-Made Fiber Market by Type
9.4.5.4.2 Rest of Middle East and Africa Cellulosic Man-Made Fiber Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cellulosic Man-Made Fiber Market Overview
9.5.2 South and Central America Cellulosic Man-Made Fiber Market Forecasts and Analysis
9.5.3 South and Central America Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Type
9.5.4 South and Central America Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cellulosic Man-Made Fiber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cellulosic Man-Made Fiber Market
9.5.5.1.1 Brazil Cellulosic Man-Made Fiber Market by Type
9.5.5.1.2 Brazil Cellulosic Man-Made Fiber Market by Application
9.5.5.2 Argentina Cellulosic Man-Made Fiber Market
9.5.5.2.1 Argentina Cellulosic Man-Made Fiber Market by Type
9.5.5.2.2 Argentina Cellulosic Man-Made Fiber Market by Application
9.5.5.3 Rest of South and Central America Cellulosic Man-Made Fiber Market
9.5.5.3.1 Rest of South and Central America Cellulosic Man-Made Fiber Market by Type
9.5.5.3.2 Rest of South and Central America Cellulosic Man-Made Fiber Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CELLULOSIC MAN-MADE FIBER MARKET, KEY COMPANY PROFILES
11.1. CELANESE CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CFF GMBH AND CO. KG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EASTMAN CHEMICAL COMPANY.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FULIDA GROUP HOLDING CO., LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GRASIM INDUSTRIES LIMITED.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KELHEIM FIBRES GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LENZING AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MITSUBISHI CHEMICAL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SATERI
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VAISALA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Celanese Corporation
2.CFF GmbH and Co. KG
3.Eastman Chemical Company.
4.Fulida Group Holding Co., Ltd
5.Grasim Industries Limited.
6.Kelheim Fibres GmbH
7.LENZING AG
8.Mitsubishi Chemical Corporation
9.Sateri
10.Vaisala
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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