1,3-Dimethyl-2-imidazolidinone Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
1,3-Dimethyl-2-imidazolidinone (DMI) is a polar aprotic solvent prized for its high solvency, thermal stability, and low toxicity, making it indispensable in pharmaceuticals, agricultural chemicals, and polymer production. It serves as a solvent in synthesizing pharmaceuticals like lenvatinib mesylate, agricultural chemicals such as cyhalofop-butyl, and as a stabilizer in polymer processes like acrylate resins. Cangzhou Kangzhuang Chemical Co. Ltd. currently operates at 650 tons capacity, with plans to expand by 8,000 tons, while Shandong Bode Chemical Co. Ltd. announced a 500-ton capacity addition in April 2024. The global DMI market is estimated at USD 20-60 million in 2025, with a CAGR of 4.2%-7.2% from 2025 to 2030, driven by steady demand in specialty chemicals and pharmaceutical intermediates.
Market Size and Growth Forecast
The DMI market is projected to reach USD 20-60 million in 2025, growing at a CAGR of 4.2%-7.2% through 2030. This growth is supported by its critical role in high-value applications, balanced by niche market dynamics.
Regional Analysis
Asia Pacific: Growth is estimated at 5.0%-7.5%, with China and Japan leading due to pharmaceutical and agrochemical production. Trends focus on capacity expansion.
Europe: The market grows at 3.5%-6.0%, with Germany emphasizing polymer applications. Trends highlight quality standards.
North America: Growth ranges from 4.0%-6.5%, with the U.S. driven by pharmaceuticals. Trends show innovation in synthesis.
Rest of the World: Growth is 3.0%-5.5%, with India showing potential in agrochemicals.
Application Analysis
Pharmaceuticals: Growing at 4.5%-7.5%, DMI is vital for drug synthesis, with trends in precision medicine.
Agricultural Chemicals: With a growth rate of 4.0%-6.5%, it supports herbicide production, trending toward sustainable farming.
Polymer: Growing at 3.5%-6.0%, it stabilizes resins, with trends in advanced materials.
Key Market Players
Mitsui Chemicals: In Japan, it provides DMI for chemical synthesis.
Cangzhou Kangzhuang Chemical Co. Ltd.: In China, it focuses on solvent production with significant expansion plans.
Porter’s Five Forces Analysis
●Threat of New Entrants: Moderate, due to technical and regulatory barriers.
●Threat of Substitutes: Moderate, with alternative solvents competing, though DMI’s properties are unique.
●Bargaining Power of Buyers: Moderate, as specialized uses limit options.
●Bargaining Power of Suppliers: Moderate, with raw material supply concentrated.
●Industry Rivalry: Moderate, driven by niche competition.
Market Opportunities and Challenges
Opportunities
●Pharmaceutical growth, especially in Asia, boosts DMI use.
●Agrochemical demand supports capacity expansions like Cangzhou’s 8,000 tons.
●Polymer innovations offer new applications.
Challenges
●High production costs limit scalability.
●Regulatory scrutiny on solvents poses risks.
●Competition from alternatives pressures growth.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 1,3-Dimethyl-2-Imidazolidinone Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of 1,3-Dimethyl-2-Imidazolidinone by Region
8.2 Import of 1,3-Dimethyl-2-Imidazolidinone by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast 1,3-Dimethyl-2-Imidazolidinone Market in North America (2020-2030)
9.1 1,3-Dimethyl-2-Imidazolidinone Market Size
9.2 1,3-Dimethyl-2-Imidazolidinone Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast 1,3-Dimethyl-2-Imidazolidinone Market in South America (2020-2030)
10.1 1,3-Dimethyl-2-Imidazolidinone Market Size
10.2 1,3-Dimethyl-2-Imidazolidinone Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast 1,3-Dimethyl-2-Imidazolidinone Market in Asia & Pacific (2020-2030)
11.1 1,3-Dimethyl-2-Imidazolidinone Market Size
11.2 1,3-Dimethyl-2-Imidazolidinone Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast 1,3-Dimethyl-2-Imidazolidinone Market in Europe (2020-2030)
12.1 1,3-Dimethyl-2-Imidazolidinone Market Size
12.2 1,3-Dimethyl-2-Imidazolidinone Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast 1,3-Dimethyl-2-Imidazolidinone Market in MEA (2020-2030)
13.1 1,3-Dimethyl-2-Imidazolidinone Market Size
13.2 1,3-Dimethyl-2-Imidazolidinone Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global 1,3-Dimethyl-2-Imidazolidinone Market (2020-2030)
14.1 1,3-Dimethyl-2-Imidazolidinone Market Size
14.2 1,3-Dimethyl-2-Imidazolidinone Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global 1,3-Dimethyl-2-Imidazolidinone Market Forecast (2021-2026)
15.1 1,3-Dimethyl-2-Imidazolidinone Market Size Forecast
15.2 1,3-Dimethyl-2-Imidazolidinone Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Mitsui Chemicals
15.1.1 Company Profile
15.1.2 Main Business and 1,3-Dimethyl-2-imidazolidinone Information
15.1.3 SWOT Analysis of Mitsui Chemicals
15.1.4 Mitsui Chemicals 1,3-Dimethyl-2-imidazolidinone Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Cangzhou Kangzhuang Chemical Co. Ltd.
15.2.1 Company Profile
15.2.2 Main Business and 1,3-Dimethyl-2-imidazolidinone Information
15.2.3 SWOT Analysis of Cangzhou Kangzhuang Chemical Co. Ltd.
15.2.4 Cangzhou Kangzhuang Chemical Co. Ltd. 1,3-Dimethyl-2-imidazolidinone Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of 1,3-Dimethyl-2-Imidazolidinone Report
Table Data Sources Of 1,3-Dimethyl-2-Imidazolidinone Report
Table Major Assumptions Of 1,3-Dimethyl-2-Imidazolidinone Report
Table 1,3-Dimethyl-2-Imidazolidinone Classification
Table 1,3-Dimethyl-2-Imidazolidinone Applications List
Table Drivers Of 1,3-Dimethyl-2-Imidazolidinone Market
Table Restraints Of 1,3-Dimethyl-2-Imidazolidinone Market
Table Opportunities Of 1,3-Dimethyl-2-Imidazolidinone Market
Table Threats Of 1,3-Dimethyl-2-Imidazolidinone Market
Table Raw Materials Suppliers List
Table Different Production Methods Of 1,3-Dimethyl-2-Imidazolidinone
Table Cost Structure Analysis Of 1,3-Dimethyl-2-Imidazolidinone
Table Key End Users List
Table Latest News Of 1,3-Dimethyl-2-Imidazolidinone Market
Table Merger And Acquisition List
Table Planned/Future Project Of 1,3-Dimethyl-2-Imidazolidinone Market
Table Policy Of 1,3-Dimethyl-2-Imidazolidinone Market
Table 2020-2030 Regional Export Of 1,3-Dimethyl-2-Imidazolidinone
Table 2020-2030 Regional Import Of 1,3-Dimethyl-2-Imidazolidinone
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 North America 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2020-2025 North America 1,3-Dimethyl-2-Imidazolidinone Key Players Sales List
Table 2020-2025 North America 1,3-Dimethyl-2-Imidazolidinone Key Players Market Share List
Table 2020-2030 North America 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2020-2025 North America 1,3-Dimethyl-2-Imidazolidinone Price List By Type
Table 2020-2030 United States 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 United States 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Canada 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Canada 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Mexico 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Mexico 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 South America 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 South America 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2020-2025 South America 1,3-Dimethyl-2-Imidazolidinone Key Players Sales List
Table 2020-2025 South America 1,3-Dimethyl-2-Imidazolidinone Key Players Market Share List
Table 2020-2030 South America 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2020-2025 South America 1,3-Dimethyl-2-Imidazolidinone Price List By Type
Table 2020-2030 Brazil 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Brazil 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Argentina 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Argentina 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Chile 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Chile 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Peru 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Peru 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2020-2025 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Key Players Sales List
Table 2020-2025 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Key Players Market Share List
Table 2020-2030 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2020-2025 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Price List By Type
Table 2020-2030 China 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 China 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 India 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 India 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Japan 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Japan 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 South Korea 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 South Korea 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Southeast Asia 1,3-Dimethyl-2-Imidazolidinone Market Size List
Table 2020-2030 Southeast Asia 1,3-Dimethyl-2-Imidazolidinone Market Volume List
Table 2020-2030 Southeast Asia 1,3-Dimethyl-2-Imidazolidinone Import List
Table 2020-2030 Southeast Asia 1,3-Dimethyl-2-Imidazolidinone Export List
Table 2020-2030 Australia 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Australia 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Europe 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Europe 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2020-2025 Europe 1,3-Dimethyl-2-Imidazolidinone Key Players Sales List
Table 2020-2025 Europe 1,3-Dimethyl-2-Imidazolidinone Key Players Market Share List
Table 2020-2030 Europe 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2020-2025 Europe 1,3-Dimethyl-2-Imidazolidinone Price List By Type
Table 2020-2030 Germany 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Germany 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 France 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 France 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 United Kingdom 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 United Kingdom 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Italy 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Italy 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Spain 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Spain 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Belgium 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Belgium 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Netherlands 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Netherlands 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Austria 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Austria 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Poland 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Poland 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Russia 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Russia 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Mea 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Mea 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2020-2025 Mea 1,3-Dimethyl-2-Imidazolidinone Key Players Sales List
Table 2020-2025 Mea 1,3-Dimethyl-2-Imidazolidinone Key Players Market Share List
Table 2020-2030 Mea 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2020-2025 Mea 1,3-Dimethyl-2-Imidazolidinone Price List By Type
Table 2020-2030 Egypt 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Egypt 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Israel 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Israel 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 South Africa 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 South Africa 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2030 Turkey 1,3-Dimethyl-2-Imidazolidinone Market Size And Market Volume List
Table 2020-2030 Turkey 1,3-Dimethyl-2-Imidazolidinone Import & Export List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Market Size List By Region
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Market Size Share List By Region
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Market Volume List By Region
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Market Volume Share List By Region
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Demand Market Share List By Application
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Capacity List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Capacity Share List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production Share List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production Value List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production Value Share List
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Demand Market Share List By Type
Table 2020-2025 Regional 1,3-Dimethyl-2-Imidazolidinone Price List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Market Size List By Region
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Market Size Share List By Region
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Market Volume List By Region
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Market Volume Share List By Region
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Demand List By Application
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Demand Market Share List By Application
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Capacity List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Capacity Share List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production Share List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production Value List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Key Vendors Production Value Share List
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Demand List By Type
Table 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Demand Market Share List By Type
Table 2025-2030 1,3-Dimethyl-2-Imidazolidinone Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure 1,3-Dimethyl-2-Imidazolidinone Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America 1,3-Dimethyl-2-Imidazolidinone Market Size And Cagr
Figure 2020-2030 North America 1,3-Dimethyl-2-Imidazolidinone Market Volume And Cagr
Figure 2020-2030 South America 1,3-Dimethyl-2-Imidazolidinone Market Size And Cagr
Figure 2020-2030 South America 1,3-Dimethyl-2-Imidazolidinone Market Volume And Cagr
Figure 2020-2030 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Market Size And Cagr
Figure 2020-2030 Asia & Pacific 1,3-Dimethyl-2-Imidazolidinone Market Volume And Cagr
Figure 2020-2030 Europe 1,3-Dimethyl-2-Imidazolidinone Market Size And Cagr
Figure 2020-2030 Europe 1,3-Dimethyl-2-Imidazolidinone Market Volume And Cagr
Figure 2020-2030 Mea 1,3-Dimethyl-2-Imidazolidinone Market Size And Cagr
Figure 2020-2030 Mea 1,3-Dimethyl-2-Imidazolidinone Market Volume And Cagr
Figure 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Capacity Production And Growth Rate
Figure 2020-2025 Global 1,3-Dimethyl-2-Imidazolidinone Production Value And Growth Rate
Figure 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Capacity Production And Growth Rate
Figure 2025-2030 Global 1,3-Dimethyl-2-Imidazolidinone Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |