Cellulose Fiber Market Share Report and Forecast to 2030

Coverage: Cellulose Fiber Market covers analysis By Fiber Type (Natural, Regenerated), Application (Apparel, Home Textile, Industrial, and Others), and Geography

Publication Month : Apr 2024

  • Report Code : TIPRE00004662
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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[Research Report] The cellulose fiber market size was valued at US$ 24,938.39 million in 2022 and is projected to reach US$ 45,085.59 million by 2030; it is anticipated to record a CAGR of 7.7% from 2022 to 2030. 

MARKET ANALYSIS

Cellulose fibers are derived from plant stems called bast fibers. Cellulose fibers can be obtained naturally or synthetically. Natural cellulose fibers include cotton, linen, hemp, jute, kenaf, and bamboo. Regenerated cellulose fibers are produced by chemically dissolving and regenerating cellulose into fibers. The physical and chemical properties of natural and regenerated fibers vary depending on the source of cellulose and the regeneration process. Some common regenerated cellulose fibers include rayon, lyocell, modal, Tencel, and viscose. Cellulose fiber offers many properties, such as softness, absorbency, durability, versatility, and sustainability.

GROWTH DRIVERS AND CHALLENGES

Growing demand for technical textiles and the adoption of cellulose fibers in medical applications drive the cellulose fiber market. Technical textiles are explicitly produced to serve a defined purpose and incorporate physical properties. Technical textiles are divided into several categories: protective textiles, sports textiles, transportation textiles, and medical and industrial textiles. Emerging environmental concerns have encouraged sustainable approaches throughout the technical textile supply chain. In 2021, the Production-Linked Incentive (PLI) scheme was announced by the government of India, worth US$ 1.44 billion, for man-made fibers and technical textiles manufacturing over five years. According to the Ministry of Textiles, technical textiles for automotive textiles is expected to grow to US$ 3.7 billion by 2027, at a CAGR of 8%. The development of the technical textiles market in developed countries is further expected to create lucrative opportunities for cellulose fiber manufacturers during the forecast period. The availability of raw materials such as wood, cotton, hemp, and jute, as well as low labor costs and changing consumer trends, are contributing to the growth of the technical textile industry worldwide. According to the Italian Textile Industry report published in 2023, the production of technical textiles accounted for 22% of Italian textile production. The significant transition towards sustainable production and textiles is expected to boost the cellulose fiber demand during the forecast period.

The volatility in raw material prices challenges the cellulose fiber market. Further, the textile industry is a labor-intensive sector. According to the International Institute for Sustainable Development report in 2023, shipping disruption during the COVID-19 pandemic led to a 30% decrease in cotton prices. Cotton fiber prices are highly dependent on macroeconomic instability and shifts in supply and demand. The textile sector is a major contributor to the demand for cellulose fibers. The textile sector is vulnerable to recessions and sensitive to economic boom. The fluctuating demand for textiles can lead to declining prices of cellulose fibers. Therefore, the volatility in raw material prices restrain the cellulose fiber market growth.

Strategic Insights

REPORT SEGMENTATION AND SCOPE

The "Global Cellulose Fiber Market Analysis to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of fiber type, application, and geography. The report provides key statistics on the consumption of cellulose fiber worldwide, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting the cellulose fiber market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the cellulose fiber market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global cellulose fiber market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global cellulose fiber market is segmented on the basis of fiber type and application. Based on fiber type, the market is segmented into natural and regenerated. Based on application, the market is segmented into apparel, home textile, industrial, and others. Based on fiber type, the natural segment accounted for a significant share. Natural cellulosic fibers are obtained from seed hair, bast, leaf, and fruit of plants. Some naturally derived cellulose fibers include cotton, jute, flax, sisal, coir, and palm. Naturally derived cellulose fibers are sustainable and durable fibers used in the production of apparel, home textile, and other industrial fabrics. Regenerated cellulose fibers include viscose, lyocell, cupro, and acetate.

Based on application, the apparel segment accounted for a significant share of the cellulose fiber market in 2022. Cellulose fibers are generally used in the manufacturing of clothing and apparel. These fibers are soft, durable, and have moisture-wicking properties. These fibers are also used in the production of home textiles, such as bedsheets, curtains, and tablecloths. Cellulose fibers are durable and possess high strength, due to which it is used in the production of industrial fabrics such as filters, automotive fabric, and protective coverings. These fibers are also used in the production of medical textiles, personal care products, and carpeting.

Cellulose Fiber Market – by Application, 2022 and 2030

REGIONAL ANALYSIS

The report provides a detailed overview of the global cellulose fiber market with respect to five major regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific accounted for a significant share of the cellulose fiber market in 2022. Asia Pacific marks the presence of the largest and most competitive textile industries in the world. This drives the demand for cellulose fibers used in making cotton, jute, linen, and rayon textiles. Asia Pacific is also home to a high number of small and medium-sized fabric manufacturers. Europe accounted for a significant share of the cellulose fiber market in 2022.

Textiles are one of the major application segments for cellulose fibers in Europe. Paper and packaging industry is also another major consumer of cellulose fibers in Europe. The region marks the presence of many renowned fashion brands, such as Levi Strauss & Co, Prada SpA, Louis Vuitton, and Gianni Versace Srl. Thus, the prevalence of the apparel industry and the growing paper and packaging industry in Europe is expected to drive the demand for the cellulose fiber market during the forecast period. Cellulose fibers are also used to produce composite materials, which are used in various automotive and aerospace applications. The growing demand for natural fiber composite materials is expected to drive the demand for cellulose fibers in North America. 

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

The report provides a detailed overview of the global cellulose fiber market with respect to five major regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

In November 2020, Sappi Dissolving Paper partnered with Birla Cellulose. The partnership aimed at providing forest-to-garment traceability solutions to customers, thereby strengthening its sustainability credentials in the textile industry.

In August 2023, Lenzing AG launched REFIBRA technology to Lenzing ECOVERA branded viscose fibers. REFIBRA technology featured up to 20% of recycled raw material content from post-consumer textile waste.

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The pandemic caused significant disruption to the global supply chain and led to a decline in demand for cellulose fibers. The textile industry, one of the largest consumers of cellulose fibers, was hard hit by the pandemic. In 2020, the textile industry had to slow down its operations due to disruptions in the value chain caused by government regulations and trade restrictions. Moreover, lockdowns imposed by different countries hampered the inventory levels of many manufacturers in the same year. The shortage of labor resulted in a reduction in cellulose fiber production and distribution operations. Additionally, government restrictions and other COVID-19-related precautions reduced the operational capacities of stakeholders in the cellulose fiber value chain.  

The paper and packaging, as well as the technical textile industry, were also affected by the pandemic. The decline in economic activity led to decreasing demand for paper and packaging products. The pandemic also led to increased raw material costs for cellulose fiber producers. The cost of raw materials such as wood pulp and cotton increased due to the disruption to the global supply chain.

The governments of various economies in Asia Pacific took possible steps to restrict the spread of the virus by announcing country-wide lockdowns, which directly impacted the growth of industrial sectors. Governments of countries in the Middle East & Africa took various measures to mitigate the impact of the COVID-19 pandemic. In late 2021, the global cellulose fiber market began recovering from the losses incurred in 2020, with the revival of the textile, paper, and packaging industries. Expansion in production capacities in the chemicals & materials industry post-COVID-19 pandemic in many regions, such as Asia Pacific and North America, is expected to create lucrative opportunities for the cellulose fiber market in the coming years. The growing demand for sustainable materials and advancement in the technical textile industry are a few factors further expected to drive the cellulose fiber market in the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Daicel Corporation, Eastman Chemical Company, Fulida Group Holding Co Ltd, Grasim Industries Ltd, International Paper Company, Kelheim Fibers GmbH, Lenzing AG, Sappi Limited, Sateri, and Asahi Kasei Corporation are a few of the key players operating in the cellulose fiber market.


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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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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 Cellulose Fiber Market - By Fiber Type
1.3.2 Cellulose Fiber Market - By Application
1.3.3 Cellulose Fiber Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CELLULOSE FIBER 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. CELLULOSE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. CELLULOSE FIBER MARKET - GLOBAL MARKET ANALYSIS
6.1. CELLULOSE FIBER - GLOBAL MARKET OVERVIEW
6.2. CELLULOSE FIBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CELLULOSE FIBER MARKET - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
7.1. OVERVIEW
7.2. FIBER TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL
7.3.1. Overview
7.3.2. Natural Market Forecast and Analysis
7.3.3. Cotton Market
7.3.3.1. Overview
7.3.3.2. Cotton Market Forecast and Analysis
7.3.4. Jute Market
7.3.4.1. Overview
7.3.4.2. Jute Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. MAN-MADE
7.4.1. Overview
7.4.2. Man-made Market Forecast and Analysis
7.4.3. Viscose Market
7.4.3.1. Overview
7.4.3.2. Viscose Market Forecast and Analysis
7.4.4. Lyocell Market
7.4.4.1. Overview
7.4.4.2. Lyocell Market Forecast and Analysis
7.4.5. Modal Market
7.4.5.1. Overview
7.4.5.2. Modal Market Forecast and Analysis
7.4.6. Others Market
7.4.6.1. Overview
7.4.6.2. Others Market Forecast and Analysis
8. CELLULOSE 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. CELLULOSE FIBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cellulose Fiber Market Overview
9.1.2 North America Cellulose Fiber Market Forecasts and Analysis
9.1.3 North America Cellulose Fiber Market Forecasts and Analysis - By Fiber Type
9.1.4 North America Cellulose Fiber Market Forecasts and Analysis - By Application
9.1.5 North America Cellulose Fiber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cellulose Fiber Market
9.1.5.1.1 United States Cellulose Fiber Market by Fiber Type
9.1.5.1.2 United States Cellulose Fiber Market by Application
9.1.5.2 Canada Cellulose Fiber Market
9.1.5.2.1 Canada Cellulose Fiber Market by Fiber Type
9.1.5.2.2 Canada Cellulose Fiber Market by Application
9.1.5.3 Mexico Cellulose Fiber Market
9.1.5.3.1 Mexico Cellulose Fiber Market by Fiber Type
9.1.5.3.2 Mexico Cellulose Fiber Market by Application
9.2. EUROPE
9.2.1 Europe Cellulose Fiber Market Overview
9.2.2 Europe Cellulose Fiber Market Forecasts and Analysis
9.2.3 Europe Cellulose Fiber Market Forecasts and Analysis - By Fiber Type
9.2.4 Europe Cellulose Fiber Market Forecasts and Analysis - By Application
9.2.5 Europe Cellulose Fiber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cellulose Fiber Market
9.2.5.1.1 Germany Cellulose Fiber Market by Fiber Type
9.2.5.1.2 Germany Cellulose Fiber Market by Application
9.2.5.2 France Cellulose Fiber Market
9.2.5.2.1 France Cellulose Fiber Market by Fiber Type
9.2.5.2.2 France Cellulose Fiber Market by Application
9.2.5.3 Italy Cellulose Fiber Market
9.2.5.3.1 Italy Cellulose Fiber Market by Fiber Type
9.2.5.3.2 Italy Cellulose Fiber Market by Application
9.2.5.4 United Kingdom Cellulose Fiber Market
9.2.5.4.1 United Kingdom Cellulose Fiber Market by Fiber Type
9.2.5.4.2 United Kingdom Cellulose Fiber Market by Application
9.2.5.5 Russia Cellulose Fiber Market
9.2.5.5.1 Russia Cellulose Fiber Market by Fiber Type
9.2.5.5.2 Russia Cellulose Fiber Market by Application
9.2.5.6 Rest of Europe Cellulose Fiber Market
9.2.5.6.1 Rest of Europe Cellulose Fiber Market by Fiber Type
9.2.5.6.2 Rest of Europe Cellulose Fiber Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cellulose Fiber Market Overview
9.3.2 Asia-Pacific Cellulose Fiber Market Forecasts and Analysis
9.3.3 Asia-Pacific Cellulose Fiber Market Forecasts and Analysis - By Fiber Type
9.3.4 Asia-Pacific Cellulose Fiber Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cellulose Fiber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cellulose Fiber Market
9.3.5.1.1 Australia Cellulose Fiber Market by Fiber Type
9.3.5.1.2 Australia Cellulose Fiber Market by Application
9.3.5.2 China Cellulose Fiber Market
9.3.5.2.1 China Cellulose Fiber Market by Fiber Type
9.3.5.2.2 China Cellulose Fiber Market by Application
9.3.5.3 India Cellulose Fiber Market
9.3.5.3.1 India Cellulose Fiber Market by Fiber Type
9.3.5.3.2 India Cellulose Fiber Market by Application
9.3.5.4 Japan Cellulose Fiber Market
9.3.5.4.1 Japan Cellulose Fiber Market by Fiber Type
9.3.5.4.2 Japan Cellulose Fiber Market by Application
9.3.5.5 South Korea Cellulose Fiber Market
9.3.5.5.1 South Korea Cellulose Fiber Market by Fiber Type
9.3.5.5.2 South Korea Cellulose Fiber Market by Application
9.3.5.6 Rest of Asia-Pacific Cellulose Fiber Market
9.3.5.6.1 Rest of Asia-Pacific Cellulose Fiber Market by Fiber Type
9.3.5.6.2 Rest of Asia-Pacific Cellulose Fiber Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cellulose Fiber Market Overview
9.4.2 Middle East and Africa Cellulose Fiber Market Forecasts and Analysis
9.4.3 Middle East and Africa Cellulose Fiber Market Forecasts and Analysis - By Fiber Type
9.4.4 Middle East and Africa Cellulose Fiber Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cellulose Fiber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cellulose Fiber Market
9.4.5.1.1 South Africa Cellulose Fiber Market by Fiber Type
9.4.5.1.2 South Africa Cellulose Fiber Market by Application
9.4.5.2 Saudi Arabia Cellulose Fiber Market
9.4.5.2.1 Saudi Arabia Cellulose Fiber Market by Fiber Type
9.4.5.2.2 Saudi Arabia Cellulose Fiber Market by Application
9.4.5.3 U.A.E Cellulose Fiber Market
9.4.5.3.1 U.A.E Cellulose Fiber Market by Fiber Type
9.4.5.3.2 U.A.E Cellulose Fiber Market by Application
9.4.5.4 Rest of Middle East and Africa Cellulose Fiber Market
9.4.5.4.1 Rest of Middle East and Africa Cellulose Fiber Market by Fiber Type
9.4.5.4.2 Rest of Middle East and Africa Cellulose Fiber Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cellulose Fiber Market Overview
9.5.2 South and Central America Cellulose Fiber Market Forecasts and Analysis
9.5.3 South and Central America Cellulose Fiber Market Forecasts and Analysis - By Fiber Type
9.5.4 South and Central America Cellulose Fiber Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cellulose Fiber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cellulose Fiber Market
9.5.5.1.1 Brazil Cellulose Fiber Market by Fiber Type
9.5.5.1.2 Brazil Cellulose Fiber Market by Application
9.5.5.2 Argentina Cellulose Fiber Market
9.5.5.2.1 Argentina Cellulose Fiber Market by Fiber Type
9.5.5.2.2 Argentina Cellulose Fiber Market by Application
9.5.5.3 Rest of South and Central America Cellulose Fiber Market
9.5.5.3.1 Rest of South and Central America Cellulose Fiber Market by Fiber Type
9.5.5.3.2 Rest of South and Central America Cellulose 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. CELLULOSE FIBER MARKET, KEY COMPANY PROFILES
11.1. DAICEL 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. EASTMAN CHEMICAL COMPANY
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. FULIDA GROUP HOLDING CO., LTD
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. GRASIM INDUSTRIES LTD. (ADITYA BIRLA GROUP)
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. INTERNATIONAL PAPER COMPANY
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. SAPPI LIMITED
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. TANGSHAN SANYOU GROUP XINGDA CHEMICAL FIBRE CO.LTD
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

The List of Companies

  • Daicel Corporation
  • Eastman Chemical Company
  • Fulida Group Holding Co., Ltd
  • Grasim Industries Ltd. (Aditya Birla Group)
  • International Paper Company
  • Kelheim Fibres GmbH
  • Lenzing AG
  • Sappi Limited
  • Sateri
  • Tangshan Sanyou Group Xingda Chemical Fibre Co.Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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