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Global Industrial Alcohol Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 213
  • CATEGORY
  • Chemicals & Materials

Market Overview:

Industrial alcohol is a type of alcohol that is produced and used for industrial purposes such as solvents, fuel, and chemical production. It is commonly derived from grains like corn, wheat, and barley through the process of fermentation and distillation. Industrial alcohol is generally denatured by adding chemicals such as methanol to make it unsuitable for human consumption.

The global industrial alcohol market has been growing steadily over the years and is expected to continue to grow at a significant rate in the coming years. The market is driven by the increasing demand for biofuels, the growing use of industrial alcohol in the production of personal care products, and the rising demand for alcoholic beverages and food products.

The industrial alcohol market can be segmented based on various factors such as type, application, source, and geography. The most common types of industrial alcohol include ethanol and methanol, while the most common sources include corn, wheat, and barley. Industrial alcohol finds its applications in a wide range of industries such as fuel, personal care products, food and beverages, pharmaceuticals, and chemical production.

Some of the key players operating in the industrial alcohol market include Archer Daniels Midland Company, Cargill, MGP Ingredients, Green Plains Inc., and Flint Hills Resources. These players are continuously focusing on product innovation and development to cater to the growing demand for industrial alcohol from various industries.

Covid-19 Impact:

The industrial alcohol market was impacted by the COVID-19 pandemic, as it affected several industries that use industrial alcohol as a key raw material. The demand for industrial alcohol from the fuel industry decreased significantly due to the drop in global transportation and the closure of industrial units. Similarly, the demand for industrial alcohol from the personal care products industry decreased as consumers shifted their spending towards essential products during the pandemic.

However, the demand for industrial alcohol from the pharmaceutical industry increased significantly during the pandemic, as it was widely used in the production of hand sanitizers and disinfectants, which were in high demand due to the spread of the virus. The food and beverage industry also witnessed an increase in demand for industrial alcohol as it is used in the production of beverages like beer, wine, and spirits.

The pandemic has also highlighted the need for sustainable and renewable sources of energy, which is expected to drive the demand for biofuels, a major application of industrial alcohol. Additionally, with the increase in awareness about hygiene and sanitation, the demand for personal care products, and hence industrial alcohol, is expected to rebound as the pandemic recedes.

Overall, while the pandemic had a negative impact on the industrial alcohol market in the short term, the demand is expected to rebound in the coming years as the world recovers from the pandemic and the need for sustainable and renewable sources of energy grows.

Market Dynamics:

Drivers:

The industrial alcohol market is driven by various factors such as:

  1. Growing demand for biofuels: Industrial alcohol, particularly ethanol, is a key ingredient in the production of biofuels such as ethanol fuel and biodiesel. The growing demand for clean and renewable sources of energy is driving the growth of the biofuels market, which in turn is driving the demand for industrial alcohol.
  2. Increasing use in personal care products: Industrial alcohol is used in the production of personal care products such as hand sanitizers, deodorants, and perfumes. The growing demand for personal care products is driving the growth of the industrial alcohol market.
  3. Rising demand for alcoholic beverages: Industrial alcohol is a key ingredient in the production of alcoholic beverages such as beer, wine, and spirits. The growing demand for alcoholic beverages, particularly in emerging markets, is driving the growth of the industrial alcohol market.
  4. Growing demand for food products: Industrial alcohol is used in the production of various food products such as vinegar, sauces, and flavors. The growing demand for convenience foods and processed foods is driving the growth of the industrial alcohol market.
  5. Increasing demand from the pharmaceutical industry: Industrial alcohol is widely used in the production of pharmaceuticals as a solvent and as an ingredient in medications. The growing demand for pharmaceutical products, particularly in emerging markets, is driving the growth of the industrial alcohol market.
  6. Government regulations and policies: Government regulations and policies mandating the use of biofuels and renewable sources of energy are driving the growth of the industrial alcohol market. For example, the Renewable Fuel Standard (RFS) in the US mandates the use of renewable fuels in transportation, which is driving the growth of the biofuels market and hence the demand for industrial alcohol.

Regional Analysis:

The global industrial alcohol market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

  1. North America: The North American market is driven by the increasing demand for biofuels and the growing use of industrial alcohol in the pharmaceutical and personal care industries. The US is the largest market for industrial alcohol in the region.
  2. Europe: The European market is driven by the increasing use of industrial alcohol in the pharmaceutical and food industries. The growing demand for biofuels is also driving the market in the region. Germany is the largest market for industrial alcohol in Europe.
  3. Asia Pacific: The Asia Pacific market is driven by the growing demand for industrial alcohol from the pharmaceutical, food, and personal care industries. The region is also witnessing significant growth in the biofuels market. China is the largest market for industrial alcohol in the region.
  4. Latin America: The Latin American market is driven by the increasing demand for industrial alcohol from the food and beverage industry. Brazil is the largest market for industrial alcohol in the region.
  5. Middle East and Africa: The Middle East and Africa market is driven by the growing demand for industrial alcohol from the pharmaceutical and personal care industries. The region is also witnessing significant growth in the biofuels market.

Overall, the Asia Pacific region is expected to witness significant growth in the industrial alcohol market in the coming years due to the growing demand from the pharmaceutical and personal care industries and the increasing focus on renewable sources of energy. The North American and European markets are also expected to witness steady growth due to the increasing use of industrial alcohol in the biofuels market.

Market Segmentation:

The global industrial alcohol market can be segmented based on type, source, application, and region.

  1. By Type:
  • Ethyl alcohol
  • Methyl alcohol
  • Isopropyl alcohol
  • Benzyl alcohol
  • Others
  1. By Source:
  • Sugar & Molasses
  • Grains
  • Corn
  • Fossil Fuels
  • Others
  1. By Application:
  • Fuel
  • Chemical Intermediates & Solvents
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Food & Beverages
  • Others
  1. By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The fuel segment is expected to dominate the market due to the increasing demand for biofuels, while the pharmaceuticals and personal care & cosmetics segments are also expected to witness significant growth due to the growing use of industrial alcohol in these industries. Geographically, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, due to the growing demand from the pharmaceutical and personal care industries and the increasing focus on renewable sources of energy.

Competitive Landscape:

Some of the key players operating in the global industrial alcohol market include:

  1. Archer Daniels Midland Company
  2. Cargill, Incorporated
  3. Raízen Energia
  4. MGP Ingredients
  5. Green Plains Inc.
  6. Cristalco
  7. Grain Processing Corporation
  8. The Andersons, Inc.
  9. Sigma Aldrich Corporation
  10. ExxonMobil Chemical Company

These companies are focusing on expanding their product portfolios, investing in research and development activities, and strengthening their distribution networks to maintain their position in the market. They are also adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and enhance their global presence.

Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Industrial Alcohol Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Industrial Alcohol
1.3 Industrial Alcohol Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Industrial Alcohol
1.4.2 Applications of Industrial Alcohol
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Ethanol Company Ltd. Market Performance Analysis
3.1.1 Ethanol Company Ltd. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Ethanol Company Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.2 Greenfield Specialty Alcohols Market Performance Analysis
3.2.1 Greenfield Specialty Alcohols Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Greenfield Specialty Alcohols Sales, Value, Price, Gross Margin 2016-2021
3.3 Eastman Chemical Market Performance Analysis
3.3.1 Eastman Chemical Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Eastman Chemical Sales, Value, Price, Gross Margin 2016-2021
3.4 Dollex Industries Market Performance Analysis
3.4.1 Dollex Industries Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Dollex Industries Sales, Value, Price, Gross Margin 2016-2021
3.5 Cargill Inc Market Performance Analysis
3.5.1 Cargill Inc Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Cargill Inc Sales, Value, Price, Gross Margin 2016-2021
3.6 Grain Millers Inc. Market Performance Analysis
3.6.1 Grain Millers Inc. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Grain Millers Inc. Sales, Value, Price, Gross Margin 2016-2021
3.7 Lanxess Market Performance Analysis
3.7.1 Lanxess Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Lanxess Sales, Value, Price, Gross Margin 2016-2021
3.8 Green Plains Inc. Market Performance Analysis
3.8.1 Green Plains Inc. Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Green Plains Inc. Sales, Value, Price, Gross Margin 2016-2021
3.9 BASF SE Market Performance Analysis
3.9.1 BASF SE Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 BASF SE Sales, Value, Price, Gross Margin 2016-2021
3.10 Birla Sugar Market Performance Analysis
3.10.1 Birla Sugar Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Birla Sugar Sales, Value, Price, Gross Margin 2016-2021
3.11 The Andersons Inc. Market Performance Analysis
3.11.1 The Andersons Inc. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 The Andersons Inc. Sales, Value, Price, Gross Margin 2016-2021
3.12 MGP Ingredients Inc. Market Performance Analysis
3.12.1 MGP Ingredients Inc. Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 MGP Ingredients Inc. Sales, Value, Price, Gross Margin 2016-2021
3.13 Haike Chemical Group Market Performance Analysis
3.13.1 Haike Chemical Group Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Haike Chemical Group Sales, Value, Price, Gross Margin 2016-2021
3.14 Khemani Group Market Performance Analysis
3.14.1 Khemani Group Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Khemani Group Sales, Value, Price, Gross Margin 2016-2021
3.15 Cristalco SAS Market Performance Analysis
3.15.1 Cristalco SAS Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Cristalco SAS Sales, Value, Price, Gross Margin 2016-2021
3.16 Exxon Mobil Corporation Market Performance Analysis
3.16.1 Exxon Mobil Corporation Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Exxon Mobil Corporation Sales, Value, Price, Gross Margin 2016-2021
3.17 Praj Industries Market Performance Analysis
3.17.1 Praj Industries Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Praj Industries Sales, Value, Price, Gross Margin 2016-2021
3.18 Sigma Aldrich Market Performance Analysis
3.18.1 Sigma Aldrich Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Sigma Aldrich Sales, Value, Price, Gross Margin 2016-2021
3.19 Flint Hills Resources Market Performance Analysis
3.19.1 Flint Hills Resources Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Flint Hills Resources Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Industrial Alcohol Production and Value by Type
4.1.1 Global Industrial Alcohol Production by Type 2016-2021
4.1.2 Global Industrial Alcohol Market Value by Type 2016-2021
4.2 Global Industrial Alcohol Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Ethyl Alcohol Market Production, Value and Growth Rate
4.2.2 Methyl Alcohol Market Production, Value and Growth Rate
4.2.3 Isopropyl Alcohol Market Production, Value and Growth Rate
4.2.4 Isobutyl Alcohol Market Production, Value and Growth Rate
4.2.5 Others Market Production, Value and Growth Rate
4.3 Global Industrial Alcohol Production and Value Forecast by Type
4.3.1 Global Industrial Alcohol Production Forecast by Type 2021-2026
4.3.2 Global Industrial Alcohol Market Value Forecast by Type 2021-2026
4.4 Global Industrial Alcohol Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Ethyl Alcohol Market Production, Value and Growth Rate Forecast
4.4.2 Methyl Alcohol Market Production, Value and Growth Rate Forecast
4.4.3 Isopropyl Alcohol Market Production, Value and Growth Rate Forecast
4.4.4 Isobutyl Alcohol Market Production, Value and Growth Rate Forecast
4.4.5 Others Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Industrial Alcohol Consumption and Value by Application
5.1.1 Global Industrial Alcohol Consumption by Application 2016-2021
5.1.2 Global Industrial Alcohol Market Value by Application 2016-2021
5.2 Global Industrial Alcohol Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Food Ingredient Market Consumption, Value and Growth Rate
5.2.2 Chemical Intermediates Market Consumption, Value and Growth Rate
5.2.3 Pharmaceutical Market Consumption, Value and Growth Rate
5.2.4 Personal Care Market Consumption, Value and Growth Rate
5.2.5 Detergent & Cleaning Chemicals Market Consumption, Value and Growth Rate
5.2.6 Transportation Fuel & Fuel Additives Market Consumption, Value and Growth Rate
5.2.7 Others Market Consumption, Value and Growth Rate
5.3 Global Industrial Alcohol Consumption and Value Forecast by Application
5.3.1 Global Industrial Alcohol Consumption Forecast by Application 2021-2026
5.3.2 Global Industrial Alcohol Market Value Forecast by Application 2021-2026
5.4 Global Industrial Alcohol Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Food Ingredient Market Consumption, Value and Growth Rate Forecast
5.4.2 Chemical Intermediates Market Consumption, Value and Growth Rate Forecast
5.4.3 Pharmaceutical Market Consumption, Value and Growth Rate Forecast
5.4.4 Personal Care Market Consumption, Value and Growth Rate Forecast
5.4.5 Detergent & Cleaning Chemicals Market Consumption, Value and Growth Rate Forecast
5.4.6 Transportation Fuel & Fuel Additives Market Consumption, Value and Growth Rate Forecast
5.4.7 Others Market Consumption, Value and Growth Rate Forecast

6 Global Industrial Alcohol by Region, Historical Data and Market Forecasts
6.1 Global Industrial Alcohol Sales by Region 2016-2021
6.2 Global Industrial Alcohol Market Value by Region 2016-2021
6.3 Global Industrial Alcohol Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Industrial Alcohol Sales Forecast by Region 2021-2026
6.5 Global Industrial Alcohol Market Value Forecast by Region 2021-2026
6.6 Global Industrial Alcohol Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Industrial Alcohol Value and Market Growth 2016-2021
7.2 United State Industrial Alcohol Sales and Market Growth 2016-2021
7.3 United State Industrial Alcohol Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Industrial Alcohol Value and Market Growth 2016-2021
8.2 Canada Industrial Alcohol Sales and Market Growth 2016-2021
8.3 Canada Industrial Alcohol Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Industrial Alcohol Value and Market Growth 2016-2021
9.2 Germany Industrial Alcohol Sales and Market Growth 2016-2021
9.3 Germany Industrial Alcohol Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Industrial Alcohol Value and Market Growth 2016-2021
10.2 UK Industrial Alcohol Sales and Market Growth 2016-2021
10.3 UK Industrial Alcohol Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Industrial Alcohol Value and Market Growth 2016-2021
11.2 France Industrial Alcohol Sales and Market Growth 2016-2021
11.3 France Industrial Alcohol Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Industrial Alcohol Value and Market Growth 2016-2021
12.2 Italy Industrial Alcohol Sales and Market Growth 2016-2021
12.3 Italy Industrial Alcohol Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Industrial Alcohol Value and Market Growth 2016-2021
13.2 Spain Industrial Alcohol Sales and Market Growth 2016-2021
13.3 Spain Industrial Alcohol Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Industrial Alcohol Value and Market Growth 2016-2021
14.2 Russia Industrial Alcohol Sales and Market Growth 2016-2021
14.3 Russia Industrial Alcohol Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Industrial Alcohol Value and Market Growth 2016-2021
15.2 China Industrial Alcohol Sales and Market Growth 2016-2021
15.3 China Industrial Alcohol Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Industrial Alcohol Value and Market Growth 2016-2021
16.2 Japan Industrial Alcohol Sales and Market Growth 2016-2021
16.3 Japan Industrial Alcohol Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Industrial Alcohol Value and Market Growth 2016-2021
17.2 South Korea Industrial Alcohol Sales and Market Growth 2016-2021
17.3 South Korea Industrial Alcohol Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Industrial Alcohol Value and Market Growth 2016-2021
18.2 Australia Industrial Alcohol Sales and Market Growth 2016-2021
18.3 Australia Industrial Alcohol Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Industrial Alcohol Value and Market Growth 2016-2021
19.2 Thailand Industrial Alcohol Sales and Market Growth 2016-2021
19.3 Thailand Industrial Alcohol Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Industrial Alcohol Value and Market Growth 2016-2021
20.2 Brazil Industrial Alcohol Sales and Market Growth 2016-2021
20.3 Brazil Industrial Alcohol Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Industrial Alcohol Value and Market Growth 2016-2021
21.2 Argentina Industrial Alcohol Sales and Market Growth 2016-2021
21.3 Argentina Industrial Alcohol Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Industrial Alcohol Value and Market Growth 2016-2021
22.2 Chile Industrial Alcohol Sales and Market Growth 2016-2021
22.3 Chile Industrial Alcohol Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Industrial Alcohol Value and Market Growth 2016-2021
23.2 South Africa Industrial Alcohol Sales and Market Growth 2016-2021
23.3 South Africa Industrial Alcohol Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Industrial Alcohol Value and Market Growth 2016-2021
24.2 Egypt Industrial Alcohol Sales and Market Growth 2016-2021
24.3 Egypt Industrial Alcohol Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Industrial Alcohol Value and Market Growth 2016-2021
25.2 UAE Industrial Alcohol Sales and Market Growth 2016-2021
25.3 UAE Industrial Alcohol Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Industrial Alcohol Value and Market Growth 2016-2021
26.2 Saudi Arabia Industrial Alcohol Sales and Market Growth 2016-2021
26.3 Saudi Arabia Industrial Alcohol Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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