Quartz Glass Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

By: HDIN Research Published: 2025-04-13 Pages: 91
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Quartz Glass Market Summary

Introduction
Quartz glass, also known as fused silica, is a high-purity, transparent material renowned for its exceptional properties, including high thermal resistance, low thermal expansion, excellent optical clarity, and chemical inertness. These characteristics make it a critical component across a variety of high-tech industries, such as lighting, optical fibers, semiconductors, optics, and photovoltaics. The Quartz Glass market is experiencing robust growth, propelled by the increasing demand for advanced materials in semiconductor manufacturing and the rapid expansion of the photovoltaic sector. In semiconductors, quartz glass is vital for diffusion and etching processes, while in photovoltaics, it supports the production of high-efficiency monocrystalline silicon through the crystal pulling process. The market is characterized by a concentrated group of global leaders, including Heraeus Covantics, Tosoh, and Shin-Etsu Quartz Products Co. Ltd., alongside significant players like SCHOTT AG, which recently acquired the quartz glass business of QSIL Corporation in December 2024, with the transaction set to close in January 2025. The Quartz Glass market is estimated to reach a valuation of USD 3.5-6.5 billion by 2025, with a projected compound annual growth rate (CAGR) of 4.5%-8.5% from 2025 to 2030, reflecting its pivotal role in technological advancements and renewable energy solutions.

Market Size and Growth Forecast
The Quartz Glass market is anticipated to achieve a size of USD 3.5-6.5 billion by 2025, with a CAGR ranging from 4.5% to 8.5% through 2030. This growth is driven by the escalating needs of the semiconductor and photovoltaic industries, where quartz glass serves as an indispensable material. Additional momentum comes from advancements in optical fibers and specialty lighting applications, although challenges such as high production costs and competitive pressures from alternative materials may temper the pace of expansion.

Regional Analysis
The Quartz Glass market exhibits varied growth patterns across regions, influenced by industrial capabilities, technological innovation, and energy demands.
● Asia Pacific: Growth is estimated at 5.5% to 9.5%. This region, spearheaded by China, Japan, and South Korea, is the global leader due to its dominance in semiconductor and photovoltaic production. China’s photovoltaic sector is booming, with installations projected to reach 540 GW by 2028, fueling demand for high-purity quartz crucibles. Japan and South Korea, with their advanced semiconductor ecosystems, rely heavily on quartz for wafer processing, driven by trends in AI, 5G, and high-performance computing (HPC).
● North America: Growth ranges from 4.0% to 8.0%. The United States stands out with its strong semiconductor industry and growing investments in renewable energy. Market trends emphasize innovation in optical fibers and specialty glass, supported by the push for AI and HPC technologies.
● Europe: Growth is projected at 4.5% to 8.5%. Germany and the Netherlands lead, with demand stemming from automotive optics, photovoltaics, and industrial lighting. Trends focus on sustainability and energy efficiency, boosting quartz use in solar energy and smart infrastructure applications.
● Rest of the World: Growth is estimated at 3.5% to 7.5%. Emerging markets like India and Brazil show promise in photovoltaics and industrial applications, though their contributions remain smaller compared to Asia Pacific.

Application Analysis
Quartz Glass serves a broad spectrum of applications, each with distinct growth trajectories and technological trends.
● Lighting: Growth ranges from 2.0% to 4.0%. Traditional quartz light sources are waning due to the rise of LEDs, but specialty quartz lamps for infrared heating, UV curing, and disinfection are seeing steady growth. These applications leverage quartz’s unique thermal and optical properties, with trends favoring energy-efficient solutions.
● Optical Fiber: Growth is estimated at 5.0% to 9.0%. The deployment of 400G networks and G.654E fibers, alongside the rise of fiber-to-the-room (FTTR) technology, drives demand for high-purity quartz in fiber optics. Trends focus on enhancing bandwidth and minimizing signal loss to support the digital economy.
● Semiconductor: Growth ranges from 6.0% to 10.0%. Quartz glass is essential in diffusion and etching processes, with components like quartz rings, boats, and furnace tubes critical to wafer production. The surge in AI, HPC, and automotive chip demand accelerates growth, with trends emphasizing ultra-high purity materials for advanced semiconductor nodes.
● Optics: Growth is projected at 4.5% to 8.5%. Quartz glass is used in lenses, mirrors, and prisms for applications ranging from cameras to autonomous vehicles. Trends highlight precision optics for cutting-edge imaging and optoelectronic systems.
● Photovoltaic: Growth ranges from 5.5% to 9.5%. The shift to N-type monocrystalline silicon and advanced battery technologies like TOPCon and XBC increases demand for high-quality quartz crucibles and furnace tubes. Trends focus on improving solar cell efficiency and reducing production costs.
● Others: Growth is estimated at 3.0% to 6.0%. Niche uses in aerospace and medical devices contribute modestly, with trends toward tailored, high-performance quartz solutions.

Key Market Players
The Quartz Glass market features a blend of established global leaders and regional specialists.
Heraeus Covantics: A German innovator, Heraeus excels in supplying quartz glass for semiconductors, optics, and photovoltaics with cutting-edge technology.

Tosoh: Based in Japan, Tosoh provides high-purity quartz for semiconductor and optical applications, leveraging its chemical expertise.

Shin-Etsu Quartz Products Co. Ltd.: A Japanese leader, it supports Asia’s tech hubs with quartz components for semiconductors and photovoltaics.

SCHOTT AG: Headquartered in Germany, SCHOTT expanded its quartz offerings through the 2024 acquisition of QSIL, targeting industrial and optical markets.

AGC: A Japanese firm, AGC focuses on precision quartz solutions for electronics and photovoltaics.

OHARA Corporation: Based in Japan, OHARA specializes in optical quartz for lenses and scientific instruments.

CoorsTek: A U.S. company, CoorsTek supplies quartz components for semiconductor and industrial uses.

Nikon: In Japan, Nikon utilizes quartz glass in its advanced optics and imaging systems.

Hubei Feilihua Quartz Glass Co. Ltd.: A Chinese manufacturer, it serves the photovoltaic and industrial quartz markets.

Jiangsu Pacific Quartz Co. Ltd.: With a 60,000-ton capacity, this Chinese firm is a major supplier for photovoltaics and semiconductors.

Porter’s Five Forces Analysis
● The competitive dynamics of the Quartz Glass market can be evaluated using Porter’s Five Forces framework.
Threat of New Entrants: Low to moderate. High capital requirements, technical expertise, and stringent purity standards pose significant barriers, though emerging Asian players are making inroads with localized strategies.
● Threat of Substitutes: Low. Few materials rival quartz glass’s unique combination of properties, although alternatives like sapphire and specialty ceramics compete in specific niches.
● Bargaining Power of Buyers: Moderate. Large semiconductor and photovoltaic firms exert influence due to their scale, but the specialized nature of quartz products limits their options.
● Bargaining Power of Suppliers: Moderate to high. The supply of high-purity quartz sand and chemical inputs is controlled by a few key players, giving suppliers pricing leverage.
● Industry Rivalry: High. Intense competition prevails among giants like Heraeus, Tosoh, and Shin-Etsu, with Chinese firms like Jiangsu Pacific Quartz scaling up to challenge market leaders.

Market Opportunities and Challenges
Opportunities
● The photovoltaic industry’s rapid expansion, with installations projected to hit 540 GW by 2028, drives demand for high-purity quartz crucibles and components, especially for N-type monocrystalline silicon.
● Semiconductor growth, spurred by AI, HPC, and automotive applications, creates new avenues for ultra-pure quartz in wafer processing.
● The rollout of 400G networks and FTTR technology boosts demand for quartz in optical fibers, supporting the digital economy’s evolution.
● Specialty lighting applications, such as UV disinfection and infrared heating, provide stable growth amid LED disruption.

Challenges
● High production costs and energy-intensive processes constrain scalability and profitability.
● Industry consolidation, such as SCHOTT’s acquisition of QSIL, heightens competition and squeezes smaller players.
● Supply chain risks, particularly for high-purity quartz sand, threaten production stability.
● Competition from alternative materials in optics and semiconductors could erode market share in certain applications.
Table of Contents
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 Quartz Glass 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 Quartz Glass by Region
8.2 Import of Quartz Glass by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Quartz Glass Market in North America (2020-2030)
9.1 Quartz Glass Market Size
9.2 Quartz Glass 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 Quartz Glass Market in South America (2020-2030)
10.1 Quartz Glass Market Size
10.2 Quartz Glass 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 Quartz Glass Market in Asia & Pacific (2020-2030)
11.1 Quartz Glass Market Size
11.2 Quartz Glass 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 Quartz Glass Market in Europe (2020-2030)
12.1 Quartz Glass Market Size
12.2 Quartz Glass 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 Quartz Glass Market in MEA (2020-2030)
13.1 Quartz Glass Market Size
13.2 Quartz Glass 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 Quartz Glass Market (2020-2030)
14.1 Quartz Glass Market Size
14.2 Quartz Glass Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Quartz Glass Market Forecast (2021-2026)
15.1 Quartz Glass Market Size Forecast
15.2 Quartz Glass Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Heraeus Covantics
15.1.1 Company Profile
15.1.2 Main Business and Quartz Glass Information
15.1.3 SWOT Analysis of Heraeus Covantics
15.1.4 Heraeus Covantics Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Tosoh
15.2.1 Company Profile
15.2.2 Main Business and Quartz Glass Information
15.2.3 SWOT Analysis of Tosoh
15.2.4 Tosoh Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Shin-Etsu Quartz Products Co. Ltd.
15.3.1 Company Profile
15.3.2 Main Business and Quartz Glass Information
15.3.3 SWOT Analysis of Shin-Etsu Quartz Products Co. Ltd.
15.3.4 Shin-Etsu Quartz Products Co. Ltd. Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 SCHOTT AG
15.4.1 Company Profile
15.4.2 Main Business and Quartz Glass Information
15.4.3 SWOT Analysis of SCHOTT AG
15.4.4 SCHOTT AG Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 AGC
15.5.1 Company Profile
15.5.2 Main Business and Quartz Glass Information
15.5.3 SWOT Analysis of AGC
15.5.4 AGC Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 OHARA Corporation
15.6.1 Company Profile
15.6.2 Main Business and Quartz Glass Information
15.6.3 SWOT Analysis of OHARA Corporation
15.6.4 OHARA Corporation Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 CoorsTek
15.7.1 Company Profile
15.7.2 Main Business and Quartz Glass Information
15.7.3 SWOT Analysis of CoorsTek
15.7.4 CoorsTek Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Nikon
15.8.1 Company Profile
15.8.2 Main Business and Quartz Glass Information
15.8.3 SWOT Analysis of Nikon
15.8.4 Nikon Quartz Glass Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Abbreviation And Acronyms List
Table Research Scope Of Quartz Glass Report
Table Data Sources Of Quartz Glass Report
Table Major Assumptions Of Quartz Glass Report
Table Quartz Glass Classification
Table Quartz Glass Applications List
Table Drivers Of Quartz Glass Market
Table Restraints Of Quartz Glass Market
Table Opportunities Of Quartz Glass Market
Table Threats Of Quartz Glass Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Quartz Glass
Table Cost Structure Analysis Of Quartz Glass
Table Key End Users List
Table Latest News Of Quartz Glass Market
Table Merger And Acquisition List
Table Planned/Future Project Of Quartz Glass Market
Table Policy Of Quartz Glass Market
Table 2020-2030 Regional Export Of Quartz Glass
Table 2020-2030 Regional Import Of Quartz Glass
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Quartz Glass Market Size And Market Volume List
Table 2020-2030 North America Quartz Glass Demand List By Application
Table 2020-2025 North America Quartz Glass Key Players Sales List
Table 2020-2025 North America Quartz Glass Key Players Market Share List
Table 2020-2030 North America Quartz Glass Demand List By Type
Table 2020-2025 North America Quartz Glass Price List By Type
Table 2020-2030 United States Quartz Glass Market Size And Market Volume List
Table 2020-2030 United States Quartz Glass Import & Export List
Table 2020-2030 Canada Quartz Glass Market Size And Market Volume List
Table 2020-2030 Canada Quartz Glass Import & Export List
Table 2020-2030 Mexico Quartz Glass Market Size And Market Volume List
Table 2020-2030 Mexico Quartz Glass Import & Export List
Table 2020-2030 South America Quartz Glass Market Size And Market Volume List
Table 2020-2030 South America Quartz Glass Demand List By Application
Table 2020-2025 South America Quartz Glass Key Players Sales List
Table 2020-2025 South America Quartz Glass Key Players Market Share List
Table 2020-2030 South America Quartz Glass Demand List By Type
Table 2020-2025 South America Quartz Glass Price List By Type
Table 2020-2030 Brazil Quartz Glass Market Size And Market Volume List
Table 2020-2030 Brazil Quartz Glass Import & Export List
Table 2020-2030 Argentina Quartz Glass Market Size And Market Volume List
Table 2020-2030 Argentina Quartz Glass Import & Export List
Table 2020-2030 Chile Quartz Glass Market Size And Market Volume List
Table 2020-2030 Chile Quartz Glass Import & Export List
Table 2020-2030 Peru Quartz Glass Market Size And Market Volume List
Table 2020-2030 Peru Quartz Glass Import & Export List
Table 2020-2030 Asia & Pacific Quartz Glass Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Quartz Glass Demand List By Application
Table 2020-2025 Asia & Pacific Quartz Glass Key Players Sales List
Table 2020-2025 Asia & Pacific Quartz Glass Key Players Market Share List
Table 2020-2030 Asia & Pacific Quartz Glass Demand List By Type
Table 2020-2025 Asia & Pacific Quartz Glass Price List By Type
Table 2020-2030 China Quartz Glass Market Size And Market Volume List
Table 2020-2030 China Quartz Glass Import & Export List
Table 2020-2030 India Quartz Glass Market Size And Market Volume List
Table 2020-2030 India Quartz Glass Import & Export List
Table 2020-2030 Japan Quartz Glass Market Size And Market Volume List
Table 2020-2030 Japan Quartz Glass Import & Export List
Table 2020-2030 South Korea Quartz Glass Market Size And Market Volume List
Table 2020-2030 South Korea Quartz Glass Import & Export List
Table 2020-2030 Southeast Asia Quartz Glass Market Size List
Table 2020-2030 Southeast Asia Quartz Glass Market Volume List
Table 2020-2030 Southeast Asia Quartz Glass Import List
Table 2020-2030 Southeast Asia Quartz Glass Export List
Table 2020-2030 Australia Quartz Glass Market Size And Market Volume List
Table 2020-2030 Australia Quartz Glass Import & Export List
Table 2020-2030 Europe Quartz Glass Market Size And Market Volume List
Table 2020-2030 Europe Quartz Glass Demand List By Application
Table 2020-2025 Europe Quartz Glass Key Players Sales List
Table 2020-2025 Europe Quartz Glass Key Players Market Share List
Table 2020-2030 Europe Quartz Glass Demand List By Type
Table 2020-2025 Europe Quartz Glass Price List By Type
Table 2020-2030 Germany Quartz Glass Market Size And Market Volume List
Table 2020-2030 Germany Quartz Glass Import & Export List
Table 2020-2030 France Quartz Glass Market Size And Market Volume List
Table 2020-2030 France Quartz Glass Import & Export List
Table 2020-2030 United Kingdom Quartz Glass Market Size And Market Volume List
Table 2020-2030 United Kingdom Quartz Glass Import & Export List
Table 2020-2030 Italy Quartz Glass Market Size And Market Volume List
Table 2020-2030 Italy Quartz Glass Import & Export List
Table 2020-2030 Spain Quartz Glass Market Size And Market Volume List
Table 2020-2030 Spain Quartz Glass Import & Export List
Table 2020-2030 Belgium Quartz Glass Market Size And Market Volume List
Table 2020-2030 Belgium Quartz Glass Import & Export List
Table 2020-2030 Netherlands Quartz Glass Market Size And Market Volume List
Table 2020-2030 Netherlands Quartz Glass Import & Export List
Table 2020-2030 Austria Quartz Glass Market Size And Market Volume List
Table 2020-2030 Austria Quartz Glass Import & Export List
Table 2020-2030 Poland Quartz Glass Market Size And Market Volume List
Table 2020-2030 Poland Quartz Glass Import & Export List
Table 2020-2030 Russia Quartz Glass Market Size And Market Volume List
Table 2020-2030 Russia Quartz Glass Import & Export List
Table 2020-2030 Mea Quartz Glass Market Size And Market Volume List
Table 2020-2030 Mea Quartz Glass Demand List By Application
Table 2020-2025 Mea Quartz Glass Key Players Sales List
Table 2020-2025 Mea Quartz Glass Key Players Market Share List
Table 2020-2030 Mea Quartz Glass Demand List By Type
Table 2020-2025 Mea Quartz Glass Price List By Type
Table 2020-2030 Egypt Quartz Glass Market Size And Market Volume List
Table 2020-2030 Egypt Quartz Glass Import & Export List
Table 2020-2030 Israel Quartz Glass Market Size And Market Volume List
Table 2020-2030 Israel Quartz Glass Import & Export List
Table 2020-2030 South Africa Quartz Glass Market Size And Market Volume List
Table 2020-2030 South Africa Quartz Glass Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Quartz Glass Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Quartz Glass Import & Export List
Table 2020-2030 Turkey Quartz Glass Market Size And Market Volume List
Table 2020-2030 Turkey Quartz Glass Import & Export List
Table 2020-2025 Global Quartz Glass Market Size List By Region
Table 2020-2025 Global Quartz Glass Market Size Share List By Region
Table 2020-2025 Global Quartz Glass Market Volume List By Region
Table 2020-2025 Global Quartz Glass Market Volume Share List By Region
Table 2020-2025 Global Quartz Glass Demand List By Application
Table 2020-2025 Global Quartz Glass Demand Market Share List By Application
Table 2020-2025 Global Quartz Glass Capacity List
Table 2020-2025 Global Quartz Glass Key Vendors Capacity Share List
Table 2020-2025 Global Quartz Glass Key Vendors Production List
Table 2020-2025 Global Quartz Glass Key Vendors Production Share List
Table 2020-2025 Global Quartz Glass Key Vendors Production Value List
Table 2020-2025 Global Quartz Glass Key Vendors Production Value Share List
Table 2020-2025 Global Quartz Glass Demand List By Type
Table 2020-2025 Global Quartz Glass Demand Market Share List By Type
Table 2020-2025 Regional Quartz Glass Price List
Table 2025-2030 Global Quartz Glass Market Size List By Region
Table 2025-2030 Global Quartz Glass Market Size Share List By Region
Table 2025-2030 Global Quartz Glass Market Volume List By Region
Table 2025-2030 Global Quartz Glass Market Volume Share List By Region
Table 2025-2030 Global Quartz Glass Demand List By Application
Table 2025-2030 Global Quartz Glass Demand Market Share List By Application
Table 2025-2030 Global Quartz Glass Capacity List
Table 2025-2030 Global Quartz Glass Key Vendors Capacity Share List
Table 2025-2030 Global Quartz Glass Key Vendors Production List
Table 2025-2030 Global Quartz Glass Key Vendors Production Share List
Table 2025-2030 Global Quartz Glass Key Vendors Production Value List
Table 2025-2030 Global Quartz Glass Key Vendors Production Value Share List
Table 2025-2030 Global Quartz Glass Demand List By Type
Table 2025-2030 Global Quartz Glass Demand Market Share List By Type
Table 2025-2030 Quartz Glass Regional Price List

Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Quartz Glass Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Quartz Glass Market Size And Cagr
Figure 2020-2030 North America Quartz Glass Market Volume And Cagr
Figure 2020-2030 South America Quartz Glass Market Size And Cagr
Figure 2020-2030 South America Quartz Glass Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Quartz Glass Market Size And Cagr
Figure 2020-2030 Asia & Pacific Quartz Glass Market Volume And Cagr
Figure 2020-2030 Europe Quartz Glass Market Size And Cagr
Figure 2020-2030 Europe Quartz Glass Market Volume And Cagr
Figure 2020-2030 Mea Quartz Glass Market Size And Cagr
Figure 2020-2030 Mea Quartz Glass Market Volume And Cagr
Figure 2020-2025 Global Quartz Glass Capacity Production And Growth Rate
Figure 2020-2025 Global Quartz Glass Production Value And Growth Rate
Figure 2025-2030 Global Quartz Glass Capacity Production And Growth Rate
Figure 2025-2030 Global Quartz Glass 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

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