.png)
Potassium Citrate Market By Function And Application - Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 90 Category: Agrochemicals & Fertilizers Report Code : CM05746
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Potassium Citrate Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. The product reflects outstanding properties, for example, flavour profile, high solubility rate, and hygroscopicity. Rising significance of emulsifier fortification for accomplishing high return, upgraded time span of usability, and soft crumb structure has driven the demand of citrus product forms. Rising spending on healthcare among working experts is foreseen to advance market infiltration in supplements and antacids. It is likewise used as a diuretic in clinical drug as it lessens liquid level in the human body without the loss of potassium.
Function Outlook and Trend Analysis
Emulsifier developed as the main fragment by work in 2017, representing % of the worldwide potassium citrate volume. The fragment is balanced for development because of its use in a many food products including creamy sauce, mayonnaise, candy, creamy sauce, confectionery, packaged processed foods and baked goods.
Application Outlook and Trend Analysis
The food and beverage segment was esteemed at USD million in 2017 and is anticipated to witness high picks up by virtue of rise of new economies and developing M&A exercises in the division. Potassium citrate is used as a preservative, acid regulator, and buffering agent in different portions including infant formula, cereals, baby food, dairy, ice cream, carbonated soft drinks, cereals, and dessert.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to enroll considerable income gains in the following years. Developing demand for potassium citrate can be credited to its properties, for example, potassium fortification, pH buffering, improvement of stability as well as complexity, and as a fundamental alkalizer in feed and pet food industry. North America represented % of the general volume in 2017 and is anticipated to witness significant development over the figure time frame.
Competitive Insights
The leading players in the market are BASF, Baker Hughes, a GE company, The International Group Inc, Gadot Biochemical Industries Ltd, Evonik Industries and Archer Daniels Midland. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Potassium Citrate Market is segmented as follows-
By Function:
- Emulsifier
- Acidulant
- Diuretic
- Others
By Application:
- Pharmaceutical
- Food & Beverage
- Personal Care & Household
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Potassium Citrate Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Food & Beverage
· Pharmaceutical
· Personal Care & Household
· Other Applications
· Potassium Citrate Market, By Function, Estimates and Forecast, 2014-2023 ($Million)
· Acidulant
· Emulsifier
· Diuretic
· Other Functions
· Potassium Citrate Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Potassium Citrate Market, By Country
o U.S. Potassium Citrate Market
o Canada Potassium Citrate Market
o Mexico Potassium Citrate Market
· Europe
§ Europe Potassium Citrate Market, By Country
o Germany Potassium Citrate Market
o UK Potassium Citrate Market
o France Potassium Citrate Market
o Russia Potassium Citrate Market
o Italy Potassium Citrate Market
o Rest of Europe Potassium Citrate Market
· Asia-Pacific
§ Asia-Pacific Potassium Citrate Market, By Country
o China Potassium Citrate Market
o Japan Potassium Citrate Market
o South Korea Potassium Citrate Market
o India Potassium Citrate Market
o Southeast Asia Potassium Citrate Market
o Rest of Asia-Pacific Potassium Citrate Market
· South America
§ South America Potassium Citrate Market
o Brazil Potassium Citrate Market
o Argentina Potassium Citrate Market
o Columbia Potassium Citrate Market
o South Africa Potassium Citrate Market
o Rest of South America Potassium Citrate Market
· Middle East and Africa
§ Middle East and Africa Potassium Citrate Market
o Saudi Arabia Potassium Citrate Market
o UAE Potassium Citrate Market
o Egypt Potassium Citrate Market
o Nigeria Potassium Citrate Market
o South Africa Potassium Citrate Market
o Rest of MEA Potassium Citrate Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Potassium Citrate Market, By Application
5.1. Introduction
5.2. Global Potassium Citrate Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Potassium Citrate Sales and Sales Share by Application (2017-2017)
5.2.2. Global Potassium Citrate Revenue and Revenue Share by Application (2017-2017)
5.3. Potassium Citrate Market Assessment and Forecast, By Application, 2017-2023
5.4. Food & Beverage
5.4.1. Global Food & Beverage Sales and Growth Rate (2017-2027)
5.5. Pharmaceutical
5.5.1. Global Pharmaceutical Sales and Growth Rate (2017-2027)
5.6. Personal Care & Household
5.6.1. Global Personal Care & Household ales and Growth Rate (2017-2027)
5.7. Other Applications
5.7.1. Global Other Applications Sales and Growth Rate (2017-2027)
6. Potassium Citrate Market, By Function
6.1. Introduction
6.2. Global Potassium Citrate Sales, Revenue and Market Share by Function (2017-2017)
6.2.1. Global Potassium Citrate Sales and Sales Share by Function (2017-2017)
6.2.2. Global Potassium Citrate Revenue and Revenue Share by Function (2017-2017)
6.3. The Potassium Citrate Market Assessment and Forecast, By Function, 2017-2023
6.4. Acidulant
6.4.1. Global Acidulant Sales and Growth Rate (2017-2027)
6.5. Emulsifier
6.5.1. Global Emulsifier Sales and Growth Rate (2017-2027)
6.6. Diuretic
6.6.1. Global Diuretic Sales and Growth Rate (2017-2027)
6.7. Other Functions
6.7.1. Global Other Functions Sales and Growth Rate (2017-2027)
7. Potassium Citrate Market, By Region
7.1. Introduction
7.2. Global Potassium Citrate Sales, Revenue and Market Share by Regions
7.2.1. Global Potassium Citrate Sales by Regions (2017-2027)
7.2.2. Global Potassium Citrate Revenue by Regions (2017-2027)
7.3. North America Potassium Citrate by Countries
7.3.1. North America Potassium Citrate Sales and Growth Rate (2017-2027)
7.3.2. North America Potassium Citrate Revenue and Growth Rate (2017-2027)
7.3.3. North America Potassium Citrate Sales by Countries (2017-2027)
7.3.4. North America Potassium Citrate Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Potassium Citrate Sales and Growth Rate (2017-2027)
7.3.5.2. United States Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Potassium Citrate Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Potassium Citrate Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Potassium Citrate Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Potassium Citrate by Countries
7.4.1. Europe Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.2. Europe Potassium Citrate Revenue and Growth Rate (2017-2027)
7.4.3. Europe Potassium Citrate Sales by Countries (2017-2027)
7.4.4. Europe Potassium Citrate Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.6.2. UK Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.7.2. France Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Potassium Citrate Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Potassium Citrate Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Potassium Citrate Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Potassium Citrate Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.5.2. China Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.8.2. India Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Potassium Citrate Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Potassium Citrate Sales and Growth Rate (2017-2027)
7.6.2. South America Potassium Citrate Revenue and Growth Rate (2017-2027)
7.6.3. South America Potassium Citrate Sales by Countries (2017-2027)
7.6.4. South America Potassium Citrate Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Potassium Citrate Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Potassium Citrate Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Potassium Citrate Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Potassium Citrate Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Potassium Citrate Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Potassium Citrate Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Potassium Citrate Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Potassium Citrate Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Potassium Citrate Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Cargill, Incorporated
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Jungbunzlauer Suisse AG
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. ATP Group
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Gadot Biochemical Industries, Ltd.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Archer Daniels Midland Company
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. FBC Industries, Inc.
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Posy Pharmachem Pvt. Ltd.
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Niran (Thailand) Co., Ltd.
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Huangshi Xinghua Biochemical Co., Ltd.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Jiangsu Mupro IFT Corp.
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Potassium Citrate Market Competition, by Manufacturer
9.1. Global Potassium Citrate Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Potassium Citrate Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Potassium Citrate Price by Manufacturer (2017-2017)
9.4. Top 5 Potassium Citrate Manufacturer Market Share
9.5. Market Competition Trend
10. Potassium Citrate Market Forecast (2027-2023)
10.1. Global Potassium Citrate Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Potassium Citrate Market Forecast by Regions (2027-2023)
10.2.1. North America Potassium Citrate Market Forecast (2027-2023)
10.2.1.1. United States Potassium Citrate Market Forecast (2027-2023)
10.2.1.2. Canada Potassium Citrate Market Forecast (2027-2023)
10.2.1.3. Mexico Potassium Citrate Market Forecast (2027-2023)
10.2.2. Europe Potassium Citrate Market Forecast (2027-2023)
10.2.2.1. Germany Potassium Citrate Market Forecast (2027-2023)
10.2.2.2. United Kingdom Potassium Citrates Market Forecast (2027-2023)
10.2.2.3. France Potassium Citrate Market Forecast (2027-2023)
10.2.2.4. Russia Potassium Citrate Market Forecast (2027-2023)
10.2.2.5. Italy Potassium Citrate Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Potassium Citrate Market Forecast (2027-2023)
10.2.3. Asia-Pacific Potassium Citrate Market Forecast (2027-2023)
10.2.3.1. China Potassium Citrate Market Forecast (2027-2023)
10.2.3.2. Japan Potassium Citrate Market Forecast (2027-2023)
10.2.3.3. Korea Potassium Citrate Market Forecast (2027-2023)
10.2.3.4. India Potassium Citrate Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Potassium Citrate Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Potassium Citrate Market Forecast (2027-2023)
10.2.4. South America Potassium Citrate Market Forecast (2027-2023)
10.2.4.1. Brazil Potassium Citrate Market Forecast (2027-2023)
10.2.4.2. Argentina Potassium Citrate Market Forecast (2027-2023)
10.2.4.3. Columbia Potassium Citrate Market Forecast (2027-2023)
10.2.4.4. Rest of South America Potassium Citrate Market Forecast (2027-2023)
10.2.5. Middle East and Africa Potassium Citrate Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Potassium Citrate Market Forecast (2027-2023)
10.2.5.2. UAE Potassium Citrate Market Forecast (2027-2023)
10.2.5.3. Egypt Potassium Citrate Market Forecast (2027-2023)
10.2.5.4. Nigeria Potassium Citrate Market Forecast (2027-2023)
10.2.5.5. South Africa Potassium Citrate Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Potassium Citrate Market Forecast (2027-2023)
10.3. Potassium Citrate Market Forecast by Application (2027-2023)
10.3.1. Global Potassium Citrate Sales Forecast by Application (2027-2023)
10.3.2. Global Potassium Citrate Sales Market Share Forecast by Application (2027-2023)
10.4. Potassium Citrate Market Forecast by Function (2027-2023)
10.4.1. Global Potassium Citrate Sales Forecast by Function (2027-2023)
10.4.2. Global Potassium Citrate Sales Market Share Forecast by Function (2027-2023)
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Potassium Citrate Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Potassium Citrate Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|