The Spunbound Nonwoven Market is expected to register a CAGR of 8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by material (polyester, polyethylene, polypropylene and others) and function (disposable nd non-disposable). The report further presents analysis based on end-use industry (personal care and hygiene, medical, agriculture, packaging, automotive and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Spunbound Nonwoven Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Spunbound Nonwoven Market Segmentation
Material- Polyester
- Polyethylene
- Polypropylene and Others
- Disposable and Non-Disposable
- Personal Care and Hygiene
- Medical
- Agriculture
- Packaging
- Automotive and Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Spunbound Nonwoven Market Growth Drivers- Growing Demand for Durability and Versatility: Spunbond Nonwovens are the latest trends in the fabrics market. Spunbond Nonwovens are available in durability, versatility, and various applications. They are commonly used in industries such as automobile, construction, filtration, and personal care. With increasing demands for high performances and cost-effective solutions, the skyrocketing interest in spunbond nonwovens makes sense.
- Sustainability and Compliance with Environmental Regulations: The emerging demand for spunbond nonwovens is primarily due to the overall shift in landscape toward sustainability and compliance with stricter environmental regulations. Typically, the so-called "environmentalist" materials are the most favored for spunbond nonwoven fabrics since most can be recycled or reused. Sustainable product consumption is becoming increasingly dominant and sometimes required by governments and consumers, thus increasing massively demand in the spunbond nonwoven category.
- Versatile Applications in Key Industries: Another factor propelling spunbond nonwoven demand is the presence of potent applications in the construction, automotive, and personal care end-user industries. The demand for versatile, lightweight, and long-lasting materials such as spunbond nonwovens becomes higher and higher with the increase in the size of these industries. The growing population around the globe gives rise to infrastructure development and consumer goods, enhancing the demand for this market.
- Technological Advancements in Production: Manufacturers of the spunbound nonwovens have continued putting in effort over the years for better production technology development, which would increase efficiency, quality, and less the price of spunbound nonwovens. High-speed production lines are coupled with shared fiber bonding techniques that have been further boosted by effective automation and robotics options to enhance the entire manufacturing process. All these technological advancements can help make production more sufficient and meet the increasing demands of spunbond nonwovens.
- Customization to Meet Industry Needs: The growing customization trend is that of spunbound nonwoven products to address the different requirements of each end-use industry. Manufacturers come up with plenty of choices just for fiber composition, weight of the fabric, or surface finishes. An organization can distinguish its product from others through customized products and gain a competitive advantage in the market.
- Strategic Collaborations and Partnerships: The spunbound nonwoven market increasingly witnesses the emergence of strategic collaborations and partnerships among manufacturers, raw material suppliers, and end-use industries. These partnerships are specifically targeted at improving the product's development, enhancing supply chain efficiency, and enabling further expansion in the market. Organizations are increasingly joining forces to access complementary expertise and resources and innovate better to meet changing market needs.
- Advancements in Production Technologies: Developing advanced production technologies has become an ongoing endeavor for manufacturers to improve quality, efficiency, and cost-effectiveness in producing spunbound nonwovens. High-speed production lines, enhancements in fiber bonding, and the integration of automation and robotics have brought about an overall improvement in manufacturing. These advancements allow producers to meet the increasingly high demand for spunbond nonwovens.
- Customization for Diverse Industries: An increasing trend in the manufacture of spunbound nonwovens is how it suits the varying end-use industries. Manufacturers offer their customers an increasing range of options in terms of fiber compositions, weight of fabrics, and surface finishes. The differentiation and competitive advantage provided to the companies through the customization of products would be outstanding.
- Strategic Collaborations and Partnerships: The nonwoven spunbond market continues to grow in strategic collaboration and partnership between manufacturers, raw material suppliers, and end-user industries. This will bring together these partners at the shared market of being in line with reducing costs and enhancing the development of products as well as efficiency improvement in the supply chain and broadening market horizons. These stakeholders also drive innovation for better service to the market's evolving needs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Spunbound Nonwoven Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Spunbound Nonwoven Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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
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to country scope.
Frequently Asked Questions
Innovations in fiber technology is expected to be the key market trends
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the spunbound nonwoven market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Fiberweb (India) Ltd; Fitesa SA; Johns Manville Corporation; Kimberly-Clark Corporation; Mada Nonwovens; RadiciGroup are some of the key players operating in the spunbound nonwoven market
Increasing demand for durable and versatile materials is driving the market growth
The Spunbound Nonwoven Market is estimated to witness a CAGR of 8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Spunbound Nonwoven Market - By Material
1.3.2 Spunbound Nonwoven Market - By Function
1.3.3 Spunbound Nonwoven Market - By End Use Industry
1.3.4 Spunbound Nonwoven Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPUNBOUND NONWOVEN 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. SPUNBOUND NONWOVEN 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. SPUNBOUND NONWOVEN MARKET - GLOBAL MARKET ANALYSIS
6.1. SPUNBOUND NONWOVEN - GLOBAL MARKET OVERVIEW
6.2. SPUNBOUND NONWOVEN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPUNBOUND NONWOVEN MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. POLYESTER
7.3.1. Overview
7.3.2. Polyester Market Forecast and Analysis
7.4. POLYETHYLENE
7.4.1. Overview
7.4.2. Polyethylene Market Forecast and Analysis
7.5. POLYPROPYLENE
7.5.1. Overview
7.5.2. Polypropylene Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SPUNBOUND NONWOVEN MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
8.1. OVERVIEW
8.2. FUNCTION MARKET FORECASTS AND ANALYSIS
8.3. DISPOSABLE
8.3.1. Overview
8.3.2. Disposable Market Forecast and Analysis
8.4. NON-DISPOSABLE
8.4.1. Overview
8.4.2. Non-Disposable Market Forecast and Analysis
9. SPUNBOUND NONWOVEN MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. PERSONAL CARE AND HYGIENE
9.3.1. Overview
9.3.2. Personal Care and Hygiene Market Forecast and Analysis
9.4. MEDICAL
9.4.1. Overview
9.4.2. Medical Market Forecast and Analysis
9.5. AGRICULTURE
9.5.1. Overview
9.5.2. Agriculture Market Forecast and Analysis
9.6. PACKAGING
9.6.1. Overview
9.6.2. Packaging Market Forecast and Analysis
9.7. AUTOMOTIVE
9.7.1. Overview
9.7.2. Automotive Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. SPUNBOUND NONWOVEN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Spunbound Nonwoven Market Overview
10.1.2 North America Spunbound Nonwoven Market Forecasts and Analysis
10.1.3 North America Spunbound Nonwoven Market Forecasts and Analysis - By Material
10.1.4 North America Spunbound Nonwoven Market Forecasts and Analysis - By Function
10.1.5 North America Spunbound Nonwoven Market Forecasts and Analysis - By End Use Industry
10.1.6 North America Spunbound Nonwoven Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Spunbound Nonwoven Market
10.1.6.1.1 Canada Spunbound Nonwoven Market by Material
10.1.6.1.2 Canada Spunbound Nonwoven Market by Function
10.1.6.1.3 Canada Spunbound Nonwoven Market by End Use Industry
10.1.6.2 Mexico Spunbound Nonwoven Market
10.1.6.2.1 Mexico Spunbound Nonwoven Market by Material
10.1.6.2.2 Mexico Spunbound Nonwoven Market by Function
10.1.6.2.3 Mexico Spunbound Nonwoven Market by End Use Industry
10.1.6.3 US Spunbound Nonwoven Market
10.1.6.3.1 US Spunbound Nonwoven Market by Material
10.1.6.3.2 US Spunbound Nonwoven Market by Function
10.1.6.3.3 US Spunbound Nonwoven Market by End Use Industry
10.2. EUROPE
10.2.1 Europe Spunbound Nonwoven Market Overview
10.2.2 Europe Spunbound Nonwoven Market Forecasts and Analysis
10.2.3 Europe Spunbound Nonwoven Market Forecasts and Analysis - By Material
10.2.4 Europe Spunbound Nonwoven Market Forecasts and Analysis - By Function
10.2.5 Europe Spunbound Nonwoven Market Forecasts and Analysis - By End Use Industry
10.2.6 Europe Spunbound Nonwoven Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Spunbound Nonwoven Market
10.2.6.1.1 Germany Spunbound Nonwoven Market by Material
10.2.6.1.2 Germany Spunbound Nonwoven Market by Function
10.2.6.1.3 Germany Spunbound Nonwoven Market by End Use Industry
10.2.6.2 France Spunbound Nonwoven Market
10.2.6.2.1 France Spunbound Nonwoven Market by Material
10.2.6.2.2 France Spunbound Nonwoven Market by Function
10.2.6.2.3 France Spunbound Nonwoven Market by End Use Industry
10.2.6.3 Italy Spunbound Nonwoven Market
10.2.6.3.1 Italy Spunbound Nonwoven Market by Material
10.2.6.3.2 Italy Spunbound Nonwoven Market by Function
10.2.6.3.3 Italy Spunbound Nonwoven Market by End Use Industry
10.2.6.4 United Kingdom Spunbound Nonwoven Market
10.2.6.4.1 United Kingdom Spunbound Nonwoven Market by Material
10.2.6.4.2 United Kingdom Spunbound Nonwoven Market by Function
10.2.6.4.3 United Kingdom Spunbound Nonwoven Market by End Use Industry
10.2.6.5 Russia Spunbound Nonwoven Market
10.2.6.5.1 Russia Spunbound Nonwoven Market by Material
10.2.6.5.2 Russia Spunbound Nonwoven Market by Function
10.2.6.5.3 Russia Spunbound Nonwoven Market by End Use Industry
10.2.6.6 Rest of Europe Spunbound Nonwoven Market
10.2.6.6.1 Rest of Europe Spunbound Nonwoven Market by Material
10.2.6.6.2 Rest of Europe Spunbound Nonwoven Market by Function
10.2.6.6.3 Rest of Europe Spunbound Nonwoven Market by End Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Spunbound Nonwoven Market Overview
10.3.2 Asia-Pacific Spunbound Nonwoven Market Forecasts and Analysis
10.3.3 Asia-Pacific Spunbound Nonwoven Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Spunbound Nonwoven Market Forecasts and Analysis - By Function
10.3.5 Asia-Pacific Spunbound Nonwoven Market Forecasts and Analysis - By End Use Industry
10.3.6 Asia-Pacific Spunbound Nonwoven Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Spunbound Nonwoven Market
10.3.6.1.1 Australia Spunbound Nonwoven Market by Material
10.3.6.1.2 Australia Spunbound Nonwoven Market by Function
10.3.6.1.3 Australia Spunbound Nonwoven Market by End Use Industry
10.3.6.2 China Spunbound Nonwoven Market
10.3.6.2.1 China Spunbound Nonwoven Market by Material
10.3.6.2.2 China Spunbound Nonwoven Market by Function
10.3.6.2.3 China Spunbound Nonwoven Market by End Use Industry
10.3.6.3 India Spunbound Nonwoven Market
10.3.6.3.1 India Spunbound Nonwoven Market by Material
10.3.6.3.2 India Spunbound Nonwoven Market by Function
10.3.6.3.3 India Spunbound Nonwoven Market by End Use Industry
10.3.6.4 Japan Spunbound Nonwoven Market
10.3.6.4.1 Japan Spunbound Nonwoven Market by Material
10.3.6.4.2 Japan Spunbound Nonwoven Market by Function
10.3.6.4.3 Japan Spunbound Nonwoven Market by End Use Industry
10.3.6.5 South Korea Spunbound Nonwoven Market
10.3.6.5.1 South Korea Spunbound Nonwoven Market by Material
10.3.6.5.2 South Korea Spunbound Nonwoven Market by Function
10.3.6.5.3 South Korea Spunbound Nonwoven Market by End Use Industry
10.3.6.6 Rest of Asia-Pacific Spunbound Nonwoven Market
10.3.6.6.1 Rest of Asia-Pacific Spunbound Nonwoven Market by Material
10.3.6.6.2 Rest of Asia-Pacific Spunbound Nonwoven Market by Function
10.3.6.6.3 Rest of Asia-Pacific Spunbound Nonwoven Market by End Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Spunbound Nonwoven Market Overview
10.4.2 Middle East and Africa Spunbound Nonwoven Market Forecasts and Analysis
10.4.3 Middle East and Africa Spunbound Nonwoven Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Spunbound Nonwoven Market Forecasts and Analysis - By Function
10.4.5 Middle East and Africa Spunbound Nonwoven Market Forecasts and Analysis - By End Use Industry
10.4.6 Middle East and Africa Spunbound Nonwoven Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Spunbound Nonwoven Market
10.4.6.1.1 South Africa Spunbound Nonwoven Market by Material
10.4.6.1.2 South Africa Spunbound Nonwoven Market by Function
10.4.6.1.3 South Africa Spunbound Nonwoven Market by End Use Industry
10.4.6.2 Saudi Arabia Spunbound Nonwoven Market
10.4.6.2.1 Saudi Arabia Spunbound Nonwoven Market by Material
10.4.6.2.2 Saudi Arabia Spunbound Nonwoven Market by Function
10.4.6.2.3 Saudi Arabia Spunbound Nonwoven Market by End Use Industry
10.4.6.3 U.A.E Spunbound Nonwoven Market
10.4.6.3.1 U.A.E Spunbound Nonwoven Market by Material
10.4.6.3.2 U.A.E Spunbound Nonwoven Market by Function
10.4.6.3.3 U.A.E Spunbound Nonwoven Market by End Use Industry
10.4.6.4 Rest of Middle East and Africa Spunbound Nonwoven Market
10.4.6.4.1 Rest of Middle East and Africa Spunbound Nonwoven Market by Material
10.4.6.4.2 Rest of Middle East and Africa Spunbound Nonwoven Market by Function
10.4.6.4.3 Rest of Middle East and Africa Spunbound Nonwoven Market by End Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Spunbound Nonwoven Market Overview
10.5.2 South and Central America Spunbound Nonwoven Market Forecasts and Analysis
10.5.3 South and Central America Spunbound Nonwoven Market Forecasts and Analysis - By Material
10.5.4 South and Central America Spunbound Nonwoven Market Forecasts and Analysis - By Function
10.5.5 South and Central America Spunbound Nonwoven Market Forecasts and Analysis - By End Use Industry
10.5.6 South and Central America Spunbound Nonwoven Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Spunbound Nonwoven Market
10.5.6.1.1 Brazil Spunbound Nonwoven Market by Material
10.5.6.1.2 Brazil Spunbound Nonwoven Market by Function
10.5.6.1.3 Brazil Spunbound Nonwoven Market by End Use Industry
10.5.6.2 Argentina Spunbound Nonwoven Market
10.5.6.2.1 Argentina Spunbound Nonwoven Market by Material
10.5.6.2.2 Argentina Spunbound Nonwoven Market by Function
10.5.6.2.3 Argentina Spunbound Nonwoven Market by End Use Industry
10.5.6.3 Rest of South and Central America Spunbound Nonwoven Market
10.5.6.3.1 Rest of South and Central America Spunbound Nonwoven Market by Material
10.5.6.3.2 Rest of South and Central America Spunbound Nonwoven Market by Function
10.5.6.3.3 Rest of South and Central America Spunbound Nonwoven Market by End Use Industry
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. SPUNBOUND NONWOVEN MARKET, KEY COMPANY PROFILES
12.1. FIBERWEB (INDIA) LTD.
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. FITESA S.A.
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. GüLSAN HOLDING
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. JOHNS MANVILLE CORPORATION
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. KIMBERLY-CLARK CORPORATION
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. KT EXPORTS (INDIA) PVT. LTD.
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. MADA NONWOVENS
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. RADICIGROUP
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. TORAY INDUSTRIES, 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. UMZAMO NONWOVENS (PTY) LTD.
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
1.Fiberweb (India) Ltd.2.Fitesa S.A.3.Gülsan Holding4.Johns Manville Corporation5.Kimberly-Clark Corporation6.KT Exports (India) Pvt. Ltd.7.Mada Nonwovens8.RadiciGroup9.Toray Industries, Inc.10.Umzamo Nonwovens (Pty) Ltd.
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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