Nonwovens Market Key Players Analysis 2031
Analyst Perspective
The global nonwovens market is expected to register a CAGR of ~5%. The nonwovens market is expected to expand in the forecasted period due to the modernization of the healthcare industry and increased birth rates in emerging economies. Additionally, rising awareness about hygiene, eco-friendly products, and supporting regulations endorsing nonwovens contribute to driving market growth. The rapid growth of e-commerce drives the demand for nonwoven fabrics used in packaging materials due to their lightweight nature, tear resistance, and cushioning properties. Advancements in nonwoven fabric manufacturing technologies are leading to the development of new products with improved properties and functionalities. Sustainability concerns, price competition, and limited awareness are significant challenges that may hamper the growth of the non-wovens market.
Market Overview
Nonwoven fabrics are textile-like materials created without weaving or knitting, using fiber entanglement and chemical bonding methods. They are lightweight and have various uses in industries like interlinings, insulation, protective clothing, workwear, chemical defense suits, and footwear components. Nonwovens are created by bonding fibers through mechanical, thermal chemical, or solvent treatment and find extensive use in hygiene, medical, filtration, automotive, construction, and personal care. The rising demand for disposable items like diapers, wipes, and medical gowns, coupled with a growing understanding of nonwoven environmental advantages over traditional fabrics, is fueling market growth.
Market Drivers
- Rising demand from hygiene and healthcare industries
Growing awareness about hygiene and sanitation, particularly in developing economies, boosts the demand for nonwoven fabrics in hygiene products like diapers, wipes, and sanitary napkins. The aging population and increasing healthcare expenditure globally also fuel the demand for nonwoven fabrics in medical applications such as wound dressings, surgical gowns, and drapes.
- Increasing use in construction and filtration
Due to their durability, lightweight nature, and water resistance, nonwoven fabrics are used extensively in construction applications like roofing, insulation, and geotextiles. Their excellent filtration properties make them ideal for air and water filters in various industries, including automotive, electronics, and foods & beverages.
Market Segmentation
The global nonwoven market is segmented based on technology, material, layer, function, and application. The market is segmented based on technology into spunbond, dry laid, air laid, wet laid, and others. Based on material, the market is segmented into polypropylene (pp), polyethylene terephthalate (pet), polyethylene (pe), rayon, wood pulp, and others. Based on layer, the market is segmented into single-layer and multilayer. Based on function, the market is segmented into disposable and non-disposable. Based on application, the market is segmented into textile, construction, personal care, filtration, and others.
Regional analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global nonwovens market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The nonwovens market by region is also sub-segmented by respective countries and segments. The nonwovens market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the nonwovens market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the nonwovens market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the nonwovens market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the nonwoven market are expected to have lucrative growth opportunities with the increasing demand for nonwoven fabrics in the textile industrry in the global market.
The report includes key companies' profiles, SWOT analysis, and nonwoven market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the nonwovens market.
- Ahlstrom
- Berry Global Inc
- DuPont
- TORAY INDUSTRIES, INC
- Lydall, Inc
- Fitesa S.A.
- Johns Manville
- Freudenberg Performance Materials
- KCWW
- Cygnus Group
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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
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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 Nonwovens Market - By Process
1.3.2 Nonwovens Market - By Material Type
1.3.3 Nonwovens Market - By End Use
1.3.4 Nonwovens Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. NONWOVENS 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. NONWOVENS 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. NONWOVENS MARKET - GLOBAL MARKET ANALYSIS
6.1. NONWOVENS - GLOBAL MARKET OVERVIEW
6.2. NONWOVENS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NONWOVENS MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
7.1. OVERVIEW
7.2. PROCESS MARKET FORECASTS AND ANALYSIS
7.3. SPUNLAID
7.3.1. Overview
7.3.2. Spunlaid Market Forecast and Analysis
7.3.3. SMS (Spun Melt Spun) Market
7.3.3.1. Overview
7.3.3.2. SMS (Spun Melt Spun) Market Forecast and Analysis
7.3.4. Spunbond polypropylene Market
7.3.4.1. Overview
7.3.4.2. Spunbond polypropylene Market Forecast and Analysis
7.3.5. Spunbond polyester Market
7.3.5.1. Overview
7.3.5.2. Spunbond polyester Market Forecast and Analysis
7.3.6. Spunbond polyethylene Market
7.3.6.1. Overview
7.3.6.2. Spunbond polyethylene Market Forecast and Analysis
7.3.7. Spunbond bicomponent fibre Market
7.3.7.1. Overview
7.3.7.2. Spunbond bicomponent fibre Market Forecast and Analysis
7.3.8. Meltblown Market
7.3.8.1. Overview
7.3.8.2. Meltblown Market Forecast and Analysis
7.4. DRYLAID
7.4.1. Overview
7.4.2. Drylaid Market Forecast and Analysis
7.4.3. Needlepunch Market
7.4.3.1. Overview
7.4.3.2. Needlepunch Market Forecast and Analysis
7.4.4. Spunlace Market
7.4.4.1. Overview
7.4.4.2. Spunlace Market Forecast and Analysis
7.4.5. Thermal bonded Market
7.4.5.1. Overview
7.4.5.2. Thermal bonded Market Forecast and Analysis
7.4.6. Latex or chemical bonded Market
7.4.6.1. Overview
7.4.6.2. Latex or chemical bonded Market Forecast and Analysis
7.5. AIRLAID
7.5.1. Overview
7.5.2. Airlaid Market Forecast and Analysis
7.6. WETLAID
7.6.1. Overview
7.6.2. Wetlaid Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. NONWOVENS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
8.1. OVERVIEW
8.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. POLYMERS
8.3.1. Overview
8.3.2. Polymers Market Forecast and Analysis
8.3.3. Polypropylene polymer Market
8.3.3.1. Overview
8.3.3.2. Polypropylene polymer Market Forecast and Analysis
8.3.4. Polyester Polymer Market
8.3.4.1. Overview
8.3.4.2. Polyester Polymer Market Forecast and Analysis
8.3.5. Polyethylene polymer Market
8.3.5.1. Overview
8.3.5.2. Polyethylene polymer Market Forecast and Analysis
8.3.6. Other polymers Market
8.3.6.1. Overview
8.3.6.2. Other polymers Market Forecast and Analysis
8.4. FIBRES
8.4.1. Overview
8.4.2. Fibres Market Forecast and Analysis
8.4.3. Polypropylene Fiber Market
8.4.3.1. Overview
8.4.3.2. Polypropylene Fiber Market Forecast and Analysis
8.4.4. Polyester Fiber Market
8.4.4.1. Overview
8.4.4.2. Polyester Fiber Market Forecast and Analysis
8.4.5. Bicomponent fiber Market
8.4.5.1. Overview
8.4.5.2. Bicomponent fiber Market Forecast and Analysis
8.4.6. Wood Pulp Market
8.4.6.1. Overview
8.4.6.2. Wood Pulp Market Forecast and Analysis
8.4.7. Others Market
8.4.7.1. Overview
8.4.7.2. Others Market Forecast and Analysis
9. NONWOVENS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. DISPOSABLE NONWOVENS
9.3.1. Overview
9.3.2. Disposable Nonwovens Market Forecast and Analysis
9.3.3. Hygiene Market
9.3.3.1. Overview
9.3.3.2. Hygiene Market Forecast and Analysis
9.3.4. Medical nonwovens Market
9.3.4.1. Overview
9.3.4.2. Medical nonwovens Market Forecast and Analysis
9.3.5. Wipes Market
9.3.5.1. Overview
9.3.5.2. Wipes Market Forecast and Analysis
9.3.6. Others Market
9.3.6.1. Overview
9.3.6.2. Others Market Forecast and Analysis
9.4. DURABLE NONWOVENS
9.4.1. Overview
9.4.2. Durable Nonwovens Market Forecast and Analysis
9.4.3. Filters Market
9.4.3.1. Overview
9.4.3.2. Filters Market Forecast and Analysis
9.4.4. Garments Market
9.4.4.1. Overview
9.4.4.2. Garments Market Forecast and Analysis
9.4.5. Interlinings Market
9.4.5.1. Overview
9.4.5.2. Interlinings Market Forecast and Analysis
9.4.6. Shoe / leather Market
9.4.6.1. Overview
9.4.6.2. Shoe / leather Market Forecast and Analysis
9.4.7. Coated substrates Market
9.4.7.1. Overview
9.4.7.2. Coated substrates Market Forecast and Analysis
9.4.8. Upholstery / bedding Market
9.4.8.1. Overview
9.4.8.2. Upholstery / bedding Market Forecast and Analysis
9.4.9. Floor coverings Market
9.4.9.1. Overview
9.4.9.2. Floor coverings Market Forecast and Analysis
9.4.10. Building / roofing Market
9.4.10.1. Overview
9.4.10.2. Building / roofing Market Forecast and Analysis
9.4.11. Geotextiles / civil engineering Market
9.4.11.1. Overview
9.4.11.2. Geotextiles / civil engineering Market Forecast and Analysis
9.4.12. Automotive Market
9.4.12.1. Overview
9.4.12.2. Automotive Market Forecast and Analysis
9.4.13. Agriculture Market
9.4.13.1. Overview
9.4.13.2. Agriculture Market Forecast and Analysis
9.4.14. Others Market
9.4.14.1. Overview
9.4.14.2. Others Market Forecast and Analysis
10. NONWOVENS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Nonwovens Market Overview
10.1.2 North America Nonwovens Market Forecasts and Analysis
10.1.3 North America Nonwovens Market Forecasts and Analysis - By Process
10.1.4 North America Nonwovens Market Forecasts and Analysis - By Material Type
10.1.5 North America Nonwovens Market Forecasts and Analysis - By End Use
10.1.6 North America Nonwovens Market Forecasts and Analysis - By Countries
10.1.6.1 United States Nonwovens Market
10.1.6.1.1 United States Nonwovens Market by Process
10.1.6.1.2 United States Nonwovens Market by Material Type
10.1.6.1.3 United States Nonwovens Market by End Use
10.1.6.2 Canada Nonwovens Market
10.1.6.2.1 Canada Nonwovens Market by Process
10.1.6.2.2 Canada Nonwovens Market by Material Type
10.1.6.2.3 Canada Nonwovens Market by End Use
10.1.6.3 Mexico Nonwovens Market
10.1.6.3.1 Mexico Nonwovens Market by Process
10.1.6.3.2 Mexico Nonwovens Market by Material Type
10.1.6.3.3 Mexico Nonwovens Market by End Use
10.2. EUROPE
10.2.1 Europe Nonwovens Market Overview
10.2.2 Europe Nonwovens Market Forecasts and Analysis
10.2.3 Europe Nonwovens Market Forecasts and Analysis - By Process
10.2.4 Europe Nonwovens Market Forecasts and Analysis - By Material Type
10.2.5 Europe Nonwovens Market Forecasts and Analysis - By End Use
10.2.6 Europe Nonwovens Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Nonwovens Market
10.2.6.1.1 Germany Nonwovens Market by Process
10.2.6.1.2 Germany Nonwovens Market by Material Type
10.2.6.1.3 Germany Nonwovens Market by End Use
10.2.6.2 France Nonwovens Market
10.2.6.2.1 France Nonwovens Market by Process
10.2.6.2.2 France Nonwovens Market by Material Type
10.2.6.2.3 France Nonwovens Market by End Use
10.2.6.3 Italy Nonwovens Market
10.2.6.3.1 Italy Nonwovens Market by Process
10.2.6.3.2 Italy Nonwovens Market by Material Type
10.2.6.3.3 Italy Nonwovens Market by End Use
10.2.6.4 United Kingdom Nonwovens Market
10.2.6.4.1 United Kingdom Nonwovens Market by Process
10.2.6.4.2 United Kingdom Nonwovens Market by Material Type
10.2.6.4.3 United Kingdom Nonwovens Market by End Use
10.2.6.5 Russia Nonwovens Market
10.2.6.5.1 Russia Nonwovens Market by Process
10.2.6.5.2 Russia Nonwovens Market by Material Type
10.2.6.5.3 Russia Nonwovens Market by End Use
10.2.6.6 Rest of Europe Nonwovens Market
10.2.6.6.1 Rest of Europe Nonwovens Market by Process
10.2.6.6.2 Rest of Europe Nonwovens Market by Material Type
10.2.6.6.3 Rest of Europe Nonwovens Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Nonwovens Market Overview
10.3.2 Asia-Pacific Nonwovens Market Forecasts and Analysis
10.3.3 Asia-Pacific Nonwovens Market Forecasts and Analysis - By Process
10.3.4 Asia-Pacific Nonwovens Market Forecasts and Analysis - By Material Type
10.3.5 Asia-Pacific Nonwovens Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Nonwovens Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Nonwovens Market
10.3.6.1.1 Australia Nonwovens Market by Process
10.3.6.1.2 Australia Nonwovens Market by Material Type
10.3.6.1.3 Australia Nonwovens Market by End Use
10.3.6.2 China Nonwovens Market
10.3.6.2.1 China Nonwovens Market by Process
10.3.6.2.2 China Nonwovens Market by Material Type
10.3.6.2.3 China Nonwovens Market by End Use
10.3.6.3 India Nonwovens Market
10.3.6.3.1 India Nonwovens Market by Process
10.3.6.3.2 India Nonwovens Market by Material Type
10.3.6.3.3 India Nonwovens Market by End Use
10.3.6.4 Japan Nonwovens Market
10.3.6.4.1 Japan Nonwovens Market by Process
10.3.6.4.2 Japan Nonwovens Market by Material Type
10.3.6.4.3 Japan Nonwovens Market by End Use
10.3.6.5 South Korea Nonwovens Market
10.3.6.5.1 South Korea Nonwovens Market by Process
10.3.6.5.2 South Korea Nonwovens Market by Material Type
10.3.6.5.3 South Korea Nonwovens Market by End Use
10.3.6.6 Rest of Asia-Pacific Nonwovens Market
10.3.6.6.1 Rest of Asia-Pacific Nonwovens Market by Process
10.3.6.6.2 Rest of Asia-Pacific Nonwovens Market by Material Type
10.3.6.6.3 Rest of Asia-Pacific Nonwovens Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Nonwovens Market Overview
10.4.2 Middle East and Africa Nonwovens Market Forecasts and Analysis
10.4.3 Middle East and Africa Nonwovens Market Forecasts and Analysis - By Process
10.4.4 Middle East and Africa Nonwovens Market Forecasts and Analysis - By Material Type
10.4.5 Middle East and Africa Nonwovens Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Nonwovens Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Nonwovens Market
10.4.6.1.1 South Africa Nonwovens Market by Process
10.4.6.1.2 South Africa Nonwovens Market by Material Type
10.4.6.1.3 South Africa Nonwovens Market by End Use
10.4.6.2 Saudi Arabia Nonwovens Market
10.4.6.2.1 Saudi Arabia Nonwovens Market by Process
10.4.6.2.2 Saudi Arabia Nonwovens Market by Material Type
10.4.6.2.3 Saudi Arabia Nonwovens Market by End Use
10.4.6.3 U.A.E Nonwovens Market
10.4.6.3.1 U.A.E Nonwovens Market by Process
10.4.6.3.2 U.A.E Nonwovens Market by Material Type
10.4.6.3.3 U.A.E Nonwovens Market by End Use
10.4.6.4 Rest of Middle East and Africa Nonwovens Market
10.4.6.4.1 Rest of Middle East and Africa Nonwovens Market by Process
10.4.6.4.2 Rest of Middle East and Africa Nonwovens Market by Material Type
10.4.6.4.3 Rest of Middle East and Africa Nonwovens Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Nonwovens Market Overview
10.5.2 South and Central America Nonwovens Market Forecasts and Analysis
10.5.3 South and Central America Nonwovens Market Forecasts and Analysis - By Process
10.5.4 South and Central America Nonwovens Market Forecasts and Analysis - By Material Type
10.5.5 South and Central America Nonwovens Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Nonwovens Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Nonwovens Market
10.5.6.1.1 Brazil Nonwovens Market by Process
10.5.6.1.2 Brazil Nonwovens Market by Material Type
10.5.6.1.3 Brazil Nonwovens Market by End Use
10.5.6.2 Argentina Nonwovens Market
10.5.6.2.1 Argentina Nonwovens Market by Process
10.5.6.2.2 Argentina Nonwovens Market by Material Type
10.5.6.2.3 Argentina Nonwovens Market by End Use
10.5.6.3 Rest of South and Central America Nonwovens Market
10.5.6.3.1 Rest of South and Central America Nonwovens Market by Process
10.5.6.3.2 Rest of South and Central America Nonwovens Market by Material Type
10.5.6.3.3 Rest of South and Central America Nonwovens 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. NONWOVENS MARKET, KEY COMPANY PROFILES
12.1. AHLSTROM-MUNKSJö
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. ASAHI KASEI CORPORATION
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. AVGOL LTD
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. BERRY GLOBAL INC.
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. E. I. DU PONT DE NEMOURS AND COMPANY
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. FITESA
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. FREUDENBERG
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. JOHNS MANVILLE
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. SUOMINEN CORPORATION
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. TORAY INDUSTRIES, INC.
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
- Ahlstrom-Munksjö
- Asahi Kasei Corporation
- Avgol Ltd
- Berry Global Inc.
- E. I. du Pont de Nemours and Company
- Fitesa
- Freudenberg
- Johns Manville
- Suominen Corporation
- TORAY INDUSTRIES, INC.
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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