.png)
Sorbitol Market by Product Type, Application and End User - Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 102 Category: Food and Beverages Report Code : FB02595
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Sorbitol Market was worth USD billion in the year of 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. In 2017 the worldwide smart electricity meters market size was evaluated at USD billion. Sorbitol is a sugar polyhydroxyl alcohol that is naturally present in specific fruits. It can likewise be artificially prepared from glucose, and it is economically accessible in the form of crystal and liquid. It useful in a wide range of end use sectors such chemicals & pharmaceuticals, personal care & cosmetics, food & beverages due to its various properties that satisfy the item manufacturing requirements. Its applications are found in different purchaser situated markets, for example, health foods, nutrition, oral care and surfactants. Sorbitol has been significantly utilized as feedstock for generation of vitamin C. This has seen a decrease as of late with over creation of vitamin C in the market, prompting expanded application in different portions. Sorbitol is a natural sweetener with low calories and relative less sweet taste. In this manner, it is a valuable fixing in dietary food & beverages and as a significant sugar alternative for diabetic populace, helping in its market extension.
Product Outlook and Trend Analysis
Sorbitol is accessible in the form of crystal and liquid for use. The fluid frame is created by preparing dextrose that is gotten from corn starch. Since crystal form is acquired by spray drying fluid sorbitol, it causes added cost to the creation procedure.
Application Outlook and Trend Analysis
The production of Vitamin C is a key application for the sorbitol market. Nonetheless, with overproduction of vitamin C, this application is seeing moderate development. As sorbitol is utilized at a slower rate in comparison with other sugar alcohols, it is compelling in the counteractive action of dental issues, for example, tooth decay and cavity. This has brought about its expanded use as a key element in oral care products. A natural sweetener with low caloric esteems, sorbitol, is finding expanded usage in diabetic and dietary nourishment items and refreshments. Another utilization of sorbitol is as surfactants through wetting and foaming agents, detergents, emulsifiers, dispersants, and so forth.
End User Outlook and Trend Analysis
The worldwide sorbitol market has unutilized potential as a chemical intermediate of the road for the creation of a few different products. Its utilization in the food section as low-calorie sweetener and additive has expanded in the course of the most recent couple of years. Due to surface active and stabilizing softening elements of sorbitol is extensively used in personal care products. Key pharmaceutical usage includes sorbitol as an excipient and laxative agent.
Downstream Opportunity Outlook and Trend Analysis
Sorbitol has an identical product base as polyols. In this way they are potential compound mediums for the inexhaustible creation of these substances. It is a feasible and eco-friendly option. Glycerol, isosorbide, Ethylene glycol, and propylene glycol are couple of materials that have experienced procedures of being produced from sorbitol.
Regional Outlook and Trend Analysis
China is a dominant maker of vitamin C. The nation additionally represents a noteworthy part of sorbitol utilization as contribution for its generation. However, with overproduction of vitamin C, the development rate of this market utilization has turned out to be dormant, prompting its expanded use in different sections. United States and Europe are other key areas in the sorbitol market, attributable to their entrenched and dynamic food & beverages and personal care ventures. These sections are additionally capable sorbitol market development in Latin America and the Middle East and Africa districts. Replacement of sorbitol in food products and stoppage in the manufacturing of vitamin C has brought about its low utilization in areas, for example, Japan.
Competitive Insights
Some of the prominent players in the market are Cargill, Ecogreen Oleochemicals GmbH, Spi Pharma, American International Foods, Qinhuangdao Lihua Ltd, Sigma-Aldrich, Archer Daniels Midland, Gulshan Polyols Ltd and Tereos Syral SAS. The pattern of moving production bases to Asia Pacific locales because of low generation and work costs is required to be a key for sorbitol market improvement throughout the following years.
The Sorbitol Market is segmented as follows-
By Product:
- Crystal
- Liquid
By Application:
- Vitamin C
- Surfactants
- Oral Care
- Diabetic & Dietetic Food & Beverages
- Others
By End User:
- Food
- Pharmaceuticals
- Personal care & Cosmetics
- Chemical
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
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
- Sorbitol Market By Product Type, Estimates and Forecast, 2014-2023 ($Million)
- Crystal
- Liquid
- Sorbitol Market By Application, Estimates and Forecast, 2014-2023 ($Million)
- Vitamin C
- Surfactants
- Oral Care
- Diabetic & Dietetic Food & Beverages
- Sorbitol Market By End User, Estimates and Forecast, 2014-2023 ($Million)
- Food
- Personal care & Cosmetics
- Pharmaceuticals
- Chemical
- Other End Users
- Sorbitol Market By Region, Estimates and Forecast, 2014-2023 ($Million)
- North America
- North America Sorbitol Market, By Country
- North America Sorbitol Market, By Product Type
- North America Sorbitol Market, By Application
- North America Sorbitol Market, By End User
- U.S. Sorbitol Market, By Product Type
- U.S. Sorbitol Market, By Application
- U.S. Sorbitol Market, By End User
- Canada Sorbitol Market, By Product Type
- Canada Sorbitol Market, By Application
- Canada Sorbitol Market, By End User
- Mexico Sorbitol Market, By Product Type
- Mexico Sorbitol Market, By Application
- Mexico Sorbitol Market, By End User
-
- Europe
- Europe Sorbitol Market, By Country
- Europe Sorbitol Market, By Product Type
- Europe Sorbitol Market, By Application
- Europe Sorbitol Market, By End User
- Germany Sorbitol Market, By Product Type
- Germany Sorbitol Market, By Application
- Germany Sorbitol Market, By End User
- France Sorbitol Market, By Product Type
- France Sorbitol Market, By Application
- France Sorbitol Market, By End User
- UK Sorbitol Market, By Product Type
- UK Sorbitol Market, By Application
- UK Sorbitol Market, By End User
- Italy Sorbitol Market, By Product Type
- Italy Sorbitol Market, By Application
- Italy Sorbitol Market, By End User
- Spain Sorbitol Market, By Product Type
- Spain Sorbitol Market, By Application
- Spain Sorbitol Market, By End User
- Rest of Europe Sorbitol Market, By Product Type
- Rest of Europe Sorbitol Market, By Application
- Rest of Europe Sorbitol Market, By End User
-
- Asia-Pacific
- Asia-Pacific Sorbitol Market, By Country
- Asia-Pacific Sorbitol Market, By Product Type
- Asia-Pacific Sorbitol Market, By Application
- Asia-Pacific Sorbitol Market, By End User
- Japan Sorbitol Market, By Product Type
- Japan Sorbitol Market, By Application
- Japan Sorbitol Market, By End User
- China Sorbitol Market, By Product Type
- China Sorbitol Market, By Application
- China Sorbitol Market, By End User
- Australia Sorbitol Market, By Product Type
- Australia Sorbitol Market, By Application
- Australia Sorbitol Market, By End User
- India Sorbitol Market, By Product Type
- India Sorbitol Market, By Application
- India Sorbitol Market, By End User
- South Korea Sorbitol Market, By Product Type
- South Korea Sorbitol Market, By Application
- South Korea Sorbitol Market, By End User
- Rest of Asia-Pacific Sorbitol Market, By Product Type
- Rest of Asia-Pacific Sorbitol Market, By Application
- Rest of Asia-Pacific Sorbitol Market, By End User
- Asia-Pacific
-
- Rest of the World
- Rest of the World Sorbitol Market, By Country
- Rest of the World Sorbitol Market, By Product Type
- Rest of the World Sorbitol Market, By Application
- Rest of the World Sorbitol Market, By End User
- Brazil Sorbitol Market, By Product Type
- Brazil Sorbitol Market, By Application
- Brazil Sorbitol Market, By End User
- South Africa Sorbitol Market, By Product Type
- South Africa Sorbitol Market, By Application
- South Africa Sorbitol Market, By End User
- Saudi Arabia Sorbitol Market, By Product Type
- Saudi Arabia Sorbitol Market, By Application
- Saudi Arabia Sorbitol Market, By End User
- Turkey Sorbitol Market, By Product Type
- Turkey Sorbitol Market, By Application
- Turkey Sorbitol Market, By End User
- United Arab Emirates Sorbitol Market, By Product Type
- United Arab Emirates Sorbitol Market, By Application
- United Arab Emirates Sorbitol Market, By End User
- Others Sorbitol Market, By Product Type
- Others Sorbitol Market, By Application
- Others Sorbitol Market, By End User
- Rest of the World
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
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
3.2.1.1. Rising Application in Personal Care and Food Products
3.2.1.2. Sugar Substitute for Health Reasons
3.2.2. Restraints
3.2.3. Opportunities
4. Sorbitol Market, By Product Type
4.1. Introduction
4.2. Global Sorbitol Sales, Revenue and Market Share by Product Type (2017-2017)
4.2.1. Global Sorbitol Sales and Sales Share by Product Type (2017-2017)
4.2.2. Global Sorbitol Revenue and Revenue Share by Product Type (2017-2017)
4.3. Sorbitol Market Assessment and Forecast, By Product Type, 2017-2023
4.4. Crystal
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. Liquid
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Sorbitol Market, By Application
5.1. Introduction
5.2. Global Sorbitol Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Sorbitol Sales and Sales Share by Application (2017-2017)
5.2.2. Global Sorbitol Revenue and Revenue Share by Application (2017-2017)
5.3. Sorbitol Market Assessment and Forecast, By Application, 2017-2023
5.4. Vitamin C
5.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.5. Surfactants
5.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.6. Oral Care
5.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.7. Diabetic & Dietetic Food & Beverages
5.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6. Sorbitol Market, By End User
6.1. Introduction
6.2. Global Sorbitol Sales, Revenue and Market Share by End User (2017-2017)
6.2.1. Global Sorbitol Sales and Sales Share by End User (2017-2017)
6.2.2. Global Sorbitol Revenue and Revenue Share by End User (2017-2017)
6.3. Sorbitol Market Assessment and Forecast, By End User, 2017-2023
6.4. Food
6.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.5. Personal care & Cosmetics
6.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.6. Pharmaceuticals
6.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.7. Chemical
6.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.8. Other End Users
6.8.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
7. Sorbitol Market, By Region
7.1. Introduction
7.2. Sorbitol Market Assessment and Forecast, By Region, 2017-2023 ($Million)
7.3. Global Sorbitol Sales, Revenue and Market Share by Regions
7.3.1. Global Sorbitol Sales by Regions (2017-2017)
7.3.2. Global Sorbitol Revenue by Regions (2017-2017)
7.4. North America
7.4.1. North America Sorbitol Sales and Growth Rate (2017-2017)
7.4.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.4.3. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.4.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.5. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.6. U.S.
7.4.6.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.4.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.7. Canada
7.4.7.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.4.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.4.8. Mexico
7.4.8.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.4.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5. Europe
7.5.1. Europe Sorbitol Sales and Growth Rate (2017-2017)
7.5.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.5.3. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.5. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.6. Germany
7.5.6.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.7. France
7.5.7.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.8. UK
7.5.8.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.9. Italy
7.5.9.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.9.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.9.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.10. Spain
7.5.10.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.10.2. Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.10.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.5.11. Rest of Europe
7.5.11.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.5.11.2. Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.11.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6. Asia-Pacific
7.6.1. Asia-Pacific Sorbitol Sales and Growth Rate (2017-2017)
7.6.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.6.3. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.5. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.6. Japan
7.6.6.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.7. China
7.6.7.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.8. Australia
7.6.8.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.9. India
7.6.9.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.9.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.9.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.10. South Korea
7.6.10.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.10.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.10.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.6.11. Rest of Asia-Pacific
7.6.11.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.6.11.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.11.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7. Rest of the World
7.7.1. Rest of the World Sorbitol Sales and Growth Rate (2017-2017)
7.7.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.7.3. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.5. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7.6. Brazil
7.7.6.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.6.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7.7. Turkey
7.7.7.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.7.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7.8. Saudi Arabia
7.7.8.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.8.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7.9. South Africa
7.7.9.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.9.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.9.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7.10. United Arab Emirates
7.7.10.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.10.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.10.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
7.7.11. Others
7.7.11.1. Market Assessment and Forecast, By Product Type, 2017-2023 ($Million)
7.7.11.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.11.3. Market Assessment and Forecast, By End User, 2017-2023 ($Million)
8. Company Profiles
8.1. American International Foods
8.1.1. Business Overview
8.1.2. Application Portfolio
8.1.3. Strategic Developments
8.1.4. Sorbitol Sales, Revenue and Market Share
8.2. Archer Daniels Midland (ADM)
8.2.1. Business Overview
8.2.2. Application Portfolio
8.2.3. Strategic Developments
8.2.4. Sorbitol Sales, Revenue and Market Share
8.3. Cargill Incorporated
8.3.1. Business Overview
8.3.2. Application Portfolio
8.3.3. Strategic Developments
8.3.4. Sorbitol Sales, Revenue and Market Share
8.4. Daisco
8.4.1. Business Overview
8.4.2. Application Portfolio
8.4.3. Strategic Developments
8.4.4. Sorbitol Sales, Revenue and Market Share
8.5. Gulshan Polyols Ltd.
8.5.1. Business Overview
8.5.2. Application Portfolio
8.5.3. Strategic Developments
8.5.4. Sorbitol Sales, Revenue and Market Share
8.6. Merck
8.6.1. Business Overview
8.6.2. Application Portfolio
8.6.3. Strategic Developments
8.6.4. Sorbitol Sales, Revenue and Market Share
8.7. Ecogreen Oleochemicals Gmbh
8.7.1. Business Overview
8.7.2. Application Portfolio
8.7.3. Strategic Developments
8.7.4. Sorbitol Sales, Revenue and Market Share
8.8. Quinhuangdao Lihua Starch Company Ltd
8.8.1. Business Overview
8.8.2. Application Portfolio
8.8.3. Strategic Developments
8.8.4. Sorbitol Sales, Revenue and Market Share
8.9. Roquette Freres
8.9.1. Business Overview
8.9.2. Application Portfolio
8.9.3. Strategic Developments
8.9.4. Sorbitol Sales, Revenue and Market Share
8.10. Spi Pharma
8.10.1. Business Overview
8.10.2. Application Portfolio
8.10.3. Strategic Developments
8.10.4. Sorbitol Sales, Revenue and Market Share
9. Global Sorbitol Market Competition, by Manufacturer
9.1. Global Sorbitol Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Sorbitol Revenue and Market Share by Manufacturer (2017-2017)
9.3. Top 5 Sorbitol Manufacturer Market Share
9.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Sorbitol 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) |
|
|