Adult Incontinence Products Market Insights 2026, Analysis and Forecast to 2031
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1. Industry Overview and Product Introduction
The Adult Incontinence Products market represents a critical segment of the global hygiene and personal care industry. These products are engineered to manage urinary and fecal incontinence, a condition characterized by the involuntary loss of bladder or bowel control. While historically associated almost exclusively with the geriatric population in institutional settings, the modern market has evolved significantly. Today, it encompasses a diverse range of solutions designed for active adults, post-partum women, individuals with mobility impairments, and those suffering from chronic conditions such as diabetes or obesity.
The fundamental function of these products is to absorb bodily fluids, prevent leakage, neutralize odors, and maintain skin health. The core technology relies on a multi-layered construction typically involving a non-woven topsheet (which stays dry against the skin), an acquisition distribution layer (which spreads fluid), and an absorbent core containing fluff pulp and Super Absorbent Polymers (SAP). The inclusion of SAP allows modern products to be thinner and more discreet while holding large volumes of fluid, a key factor in the destigmatization and consumer adoption of these products.
Based on current market valuations and trajectory, the global market size for Adult Incontinence Products in 2026 is projected to fall between 9 billion USD and 15 billion USD. Looking beyond this horizon, the industry is expected to maintain a steady but moderate expansion, with an estimated Compound Annual Growth Rate (CAGR) of 3% to 5% through 2031. This growth is underpinned not only by demographic shifts but also by product innovation that emphasizes dignity, discretion, and skin protection.
2. Global Demographic Drivers and Regional Analysis
The primary engine of growth for this market is the global aging phenomenon. As life expectancy increases and birth rates decline in many developed and developing nations, the proportion of the elderly population—the primary user base for incontinence products—is expanding rapidly.
* Japan
Japan stands as the world's "super-aged" society and a pioneer in the incontinence market. With approximately 29.8% to 30.0% of its population aged 65 and above, Japan has a highly mature market. The social acceptance of incontinence products is highest here, driven by manufacturers who have successfully marketed "pull-up" style pants as regular underwear rather than medical devices. Japanese consumers demand high quality, superior softness, and advanced odor control.
* Europe (EU)
The European Union represents a substantial market with a generally high aging rate, with many member states (such as Germany and Italy) exceeding 20% for the 65+ demographic. The European market is characterized by a strong institutional sector, where products are often procured through national healthcare systems or insurance reimbursements. This creates a competitive landscape focused on cost-efficiency and tender-based contracts, particularly for heavy-absorbency products used in nursing homes. Essity and Ontex maintain dominant positions in this region.
* North America (USA & Canada)
The United States has a relatively younger demographic compared to Japan and Europe but still faces significant aging, with the 65+ population estimated at 17.9% to 18%. Canada shows similar or slightly higher trends (18-20%). The North American market is heavily consumer-driven (retail-focused). There is a strong preference for "active" lifestyle products. Marketing in this region focuses heavily on discretion, allowing users to maintain social activities without embarrassment. Kimberly-Clark is a formidable leader here with high brand equity.
* China
China is currently the most dynamic market with the highest volume potential. According to the National Bureau of Statistics of China, by the end of 2024, the population aged 60 and above reached 310.31 million (22.0% of the total population), while those aged 65 and above reached 220.23 million (15.6%). This data confirms China has formally entered a "moderately aging" society.
While the percentage is lower than Japan's, the absolute number of potential users is staggering. Reports from the National Working Commission on Aging suggest that by 2050, the elderly population will reach 480 million, creating a consumption potential in the trillions of yuan. The Chinese market is transitioning from traditional, low-cost care methods to modern disposable hygiene products, driven by rising disposable incomes and the "Silver Economy." Domestic players like Hengan and Hangzhou Coco are rapidly upgrading quality to compete with international brands.
* Other Regions
South Korea is witnessing one of the fastest aging rates in the world, with the 65+ demographic surpassing 20% around 2024/2025. Australia, with an aging profile similar to the US (16-17%), also presents a stable, high-value market.
3. Market Segmentation: Types and Channels
The market is segmented by product functionality and the channel through which consumers access them.
● By Product Type
* Pull-Up Underwear (Protective Underwear)
This is the fastest-growing segment globally. Designed to look and feel like regular underwear, pull-ups are favored by active, mobile adults with moderate incontinence. They offer dignity and ease of use (self-changing). Innovation in this segment focuses on slimming the profile, reducing noise (rustle), and improving elastic comfort.
* Adult Diapers (Tape-Style / Briefs)
These are traditional open diapers with side tabs. They are primarily used for immobile, bedridden patients or those with severe incontinence. They allow caregivers to change the product without removing the patient's trousers/pants. This segment dominates the institutional and hospital market.
* Pads, Liners, and Guards
Targeting light to moderate incontinence, these products are inserted into regular underwear. They are the entry-level product for many consumers, particularly women (bladder weakness pads) and men (guards/shields) managing post-prostate surgery issues.
* Cleansing Products
A complementary segment including adult-sized wet wipes, perineal cleansers, and skin protectants. As incontinence is a primary cause of Increases in Incontinence-Associated Dermatitis (IAD), these products are increasingly bundled with absorbent sales.
● By Market Channel
* Institutional & Healthcare Procurement
A high-volume, low-margin channel supplying hospitals, nursing homes, and assisted living facilities. Contracts are often decided via bidding, favoring players like Ontex and Attends who specialize in cost-effective bulk solutions.
* Online (E-commerce)
The online channel is experiencing explosive growth. Incontinence products are bulky and "embarrassing" to buy in public for some. E-commerce offers privacy (discreet shipping) and convenience (bulk delivery to the doorstep). Subscription models are becoming popular to ensure consistent supply.
* Supermarkets / Hypermarkets
The main channel for mainstream consumer brands. Shelf space is competitive, favoring market leaders with strong packaging and brand recognition.
* Pharmacies & Drug Stores
A trusted channel for consumers seeking advice. Pharmacies often stock premium and specialty brands (like NorthShore) that offer higher absorbency than standard supermarket lines.
4. Industry Value Chain Analysis
The value chain for adult incontinence products is characterized by large-scale manufacturing and sensitivity to raw material costs.
● Raw Materials:
The cost structure is heavily dependent on the price of Fluff Pulp (derived from softwood trees) and Super Absorbent Polymers (SAP) (petrochemical derivative). Fluctuations in oil prices or pulp supply can significantly impact manufacturer margins. Non-woven fabrics (polypropylene/polyester) are also critical for the topsheet and backsheet.
● Manufacturing (Converting):
Production utilizes massive, high-speed converting lines that layer materials, cut, and fold products. The barrier to entry is high due to capital investment requirements. Leading players invest heavily in R&D to optimize the "Core" technology—maximizing absorption while minimizing bulk.
● Branding and Marketing:
* *Branded Manufacturers (Kimberly-Clark, Essity): Focus on consumer research, media advertising, and destigmatization campaigns.
* *Private Label Manufacturers (Ontex, Domtar): Produce "store brands" for retailers (e.g., Walmart, CVS brand). This segment is growing as retailers seek higher margins and consumers realize the quality gap is narrowing.
● Distribution:
Logistics is a key challenge due to the low value-to-volume ratio of the product (shipping "air" and fluff). efficient supply chain management is crucial.
5. Key Market Players
The market is consolidated at the top globally but fragmented regionally, especially in Asia.
* The Global Top 3:
* Essity Hygiene and Health AB (Sweden): The undisputed global leader (#1). With its flagship brand TENA, Essity dominates both the healthcare/institutional sector and the retail shelf in Europe and parts of Asia. They are pioneers in marketing incontinence as a manageable condition rather than a disability.
* Kimberly-Clark (USA): The global #2 player. Owners of the iconic Depend and Poise brands. Their strength lies in North American consumer retail and aggressive marketing campaigns that target active "Boomers."
* Ontex (Belgium): The global #3 player. Ontex is the powerhouse of Private Label (retailer brands) manufacturing and has a massive footprint in the European institutional market. They focus on delivering high-quality products at competitive price points.
* Regional Leaders and Specialists:
* Unicharm (Japan): A leader in Asia with the Lifree brand. Unicharm is renowned for inventing the "adult pull-up pant" concept and focuses on "Zero Bedridden" care goals.
* Hartmann Group (Germany): A major European player specializing in medical-grade incontinence solutions (MoliCare) with a strong focus on skin health and professional care settings.
* Domtar (USA/Canada): Operates the Attends brand (in North America) and is a significant supplier of private label products.
* NorthShore Care Supply (USA): A unique player focusing on the "high-need" niche. They operate largely online, selling premium, high-absorbency products directly to consumers who find standard retail products insufficient.
* Principle Business Enterprises Inc. (USA): Manufacturer of the Tranquility brand, known for high-performance products for severe incontinence.
* Emerging Chinese Powerhouses:
* Hengan International Group: A domestic giant in hygiene (sanitary napkins/tissue) now aggressively expanding its adult incontinence portfolio (ElderJoy).
* Vinda International: (Majority owned by Essity), leveraging Essity’s technology to capture the Chinese premium market.
* Hangzhou Coco Healthcare: A specialized manufacturer focusing purely on adult incontinence, known for export quality and domestic brand growth.
* Hangzhou Qianzhiya: Another key player in the rapid industrialization of the Chinese hygiene sector.
6. Opportunities and Challenges
● Market Opportunities
* Destigmatization: As the "Baby Boomer" generation ages, they are rejecting the stigma of incontinence. They demand products that are not "medical" but "lifestyle" oriented. Marketing that frames products as "underwear" rather than "diapers" continues to drive adoption rates.
* Smart Incontinence Tech: Innovation is emerging in "Smart Diapers" equipped with moisture sensors. These connect to caregiver apps to alert when a change is needed. This technology is particularly valuable in nursing homes to reduce labor costs, prevent skin breakdown, and improve patient dignity by avoiding unnecessary checks.
* The "Silver Economy" in China: With over 200 million citizens over 65, China represents the single largest volume growth opportunity. As cultural taboos fade and disposable income rises, the conversion from traditional cloth/no-protection to disposable products will generate massive revenue.
* Male Incontinence: Historically, the market focused on women. However, due to prostate issues, male incontinence is common. Dedicated male "guards" and masculine-designed underwear represent an under-penetrated growth segment.
● Market Challenges
* Environmental Impact: Disposable hygiene products create massive landfill waste. They are difficult to recycle due to the mix of plastics and biological waste. Manufacturers are under pressure to develop biodegradable materials or recycling programs (like Essity’s TENA Solutions) to meet ESG goals.
* Skin Health Issues: Prolonged use of low-quality products leads to Incontinence-Associated Dermatitis (IAD) and pressure ulcers. This challenges manufacturers to improve breathability and pH balance, driving up production costs.
* Cost Sensitivity: For many elderly pensioners, these products are a significant recurring monthly expense. In markets without government reimbursement, affordability remains a barrier to adoption, limiting the market for premium products.
* Supply Chain Volatility: The reliance on global pulp markets means manufacturers are exposed to price spikes, which they may struggle to pass on to price-sensitive consumers or fixed-contract institutional buyers.
1.1 Study Scope 1
1.2 Research Methodology 2
1.2.1 Data Sources 3
1.2.2 Assumptions 4
1.3 Abbreviations and Acronyms 6
Chapter 2 Global Adult Incontinence Products Market Overview 7
2.1 Market Introduction and Definition 7
2.2 Global Market Size and Forecast (2021-2031) 8
2.2.1 Global Revenue and Growth Rate 8
2.2.2 Global Sales Volume and Growth Rate 9
2.3 Key Market Drivers and Trends 10
2.4 Industry Challenges and Restraints 11
2.5 Porter’s Five Forces Analysis 12
Chapter 3 Industry Value Chain and Manufacturing Analysis 13
3.1 Value Chain Analysis 13
3.2 Raw Material Analysis (Fluff Pulp, SAP, Non-woven Fabrics) 14
3.3 Manufacturing Process Analysis 16
3.4 Technology Trends and Patent Landscape 17
3.5 Cost Structure Analysis 18
Chapter 4 Market Segmentation by Type 19
4.1 Global Adult Incontinence Products Market Share by Type (2021-2031) 19
4.2 Adult Diaper 20
4.3 Pull-Up Underwear 21
4.4 Liners & Guards 22
4.5 Pads 23
4.6 Cleansing Products 24
Chapter 5 Market Segmentation by Channel 25
5.1 Global Adult Incontinence Products Market Share by Channel (2021-2031) 25
5.2 Online Sales 26
5.3 Pharmacies & Drug Stores 27
5.4 Supermarkets / Hypermarkets 28
5.5 Specialty Stores 29
5.6 Institutional & Healthcare Procurement 30
Chapter 6 Global Market Analysis by Region 31
6.1 Global Revenue Market Share by Region (2021-2031) 31
6.2 Global Sales Volume Market Share by Region (2021-2031) 32
6.3 North America Market Status 33
6.4 Europe Market Status 34
6.5 Asia-Pacific Market Status 35
6.6 Latin America Market Status 36
6.7 Middle East & Africa Market Status 36
Chapter 7 North America Market Analysis 37
7.1 North America Market Size and Forecast by Type 37
7.2 North America Market Size and Forecast by Channel 38
7.3 United States 39
7.4 Canada 40
Chapter 8 Europe Market Analysis 41
8.1 Europe Market Size and Forecast by Type 41
8.2 Europe Market Size and Forecast by Channel 42
8.3 Germany 43
8.4 France 44
8.5 United Kingdom 45
8.6 Italy 46
8.7 Rest of Europe 47
Chapter 9 Asia-Pacific Market Analysis 48
9.1 Asia-Pacific Market Size and Forecast by Type 48
9.2 Asia-Pacific Market Size and Forecast by Channel 49
9.3 China 50
9.4 Japan 51
9.5 India 52
9.6 South Korea 53
9.7 Southeast Asia 54
9.8 Taiwan (China) 55
Chapter 10 Latin America, Middle East & Africa Market Analysis 56
10.1 Market Size and Forecast by Type 56
10.2 Market Size and Forecast by Channel 57
10.3 Brazil 58
10.4 Mexico 59
10.5 Turkey 60
10.6 Saudi Arabia 61
Chapter 11 Competitive Landscape 62
11.1 Global Top Players by Revenue (2026) 62
11.2 Market Share of Key Players (2021-2026) 63
11.3 Market Concentration Ratio (CR3, CR5 and CR10) 64
11.4 Mergers, Acquisitions, and Expansions 65
11.5 Competitive Benchmarking 66
Chapter 12 Company Profiles 67
12.1 Kimberly-Clark 67
12.1.1 Company Overview 67
12.1.2 SWOT Analysis 67
12.1.3 R&D and Marketing Strategy 68
12.1.4 Kimberly-Clark Adult Incontinence Products Operational Performance 69
12.2 Essity Hygiene and Health AB 71
12.2.1 Company Overview 71
12.2.2 SWOT Analysis 71
12.2.3 R&D and Marketing Strategy 72
12.2.4 Essity Hygiene and Health AB Adult Incontinence Products Operational Performance 73
12.3 Ontex 75
12.3.1 Company Overview 75
12.3.2 SWOT Analysis 75
12.3.3 R&D and Marketing Strategy 76
12.3.4 Ontex Adult Incontinence Products Operational Performance 77
12.4 Hartmann Group 79
12.4.1 Company Overview 79
12.4.2 SWOT Analysis 79
12.4.3 R&D and Marketing Strategy 80
12.4.4 Hartmann Group Adult Incontinence Products Operational Performance 81
12.5 Attends Healthcare Products Inc. 83
12.5.1 Company Overview 83
12.5.2 SWOT Analysis 83
12.5.3 R&D and Marketing Strategy 84
12.5.4 Attends Healthcare Products Inc. Adult Incontinence Products Operational Performance 85
12.6 NorthShore Care Supply 87
12.6.1 Company Overview 87
12.6.2 SWOT Analysis 87
12.6.3 R&D and Marketing Strategy 88
12.6.4 NorthShore Care Supply Adult Incontinence Products Operational Performance 89
12.7 Principle Business Enterprises Inc. 91
12.7.1 Company Overview 91
12.7.2 SWOT Analysis 91
12.7.3 R&D and Marketing Strategy 92
12.7.4 Principle Business Enterprises Inc. Adult Incontinence Products Operational Performance 93
12.8 ABENA Holding A/S 95
12.8.1 Company Overview 95
12.8.2 SWOT Analysis 95
12.8.3 R&D and Marketing Strategy 96
12.8.4 ABENA Holding A/S Adult Incontinence Products Operational Performance 97
12.9 Domtar 99
12.9.1 Company Overview 99
12.9.2 SWOT Analysis 99
12.9.3 R&D and Marketing Strategy 100
12.9.4 Domtar Adult Incontinence Products Operational Performance 101
12.10 Unicharm 103
12.10.1 Company Overview 103
12.10.2 SWOT Analysis 103
12.10.3 R&D and Marketing Strategy 104
12.10.4 Unicharm Adult Incontinence Products Operational Performance 105
12.11 Kao 107
12.11.1 Company Overview 107
12.11.2 SWOT Analysis 107
12.11.3 R&D and Marketing Strategy 108
12.11.4 Kao Adult Incontinence Products Operational Performance 109
12.12 Daio Paper 111
12.12.1 Company Overview 111
12.12.2 SWOT Analysis 111
12.12.3 R&D and Marketing Strategy 112
12.12.4 Daio Paper Adult Incontinence Products Operational Performance 113
12.13 Hangzhou Coco Healthcare Products Co. Ltd 115
12.13.1 Company Overview 115
12.13.2 SWOT Analysis 115
12.13.3 R&D and Marketing Strategy 116
12.13.4 Hangzhou Coco Healthcare Products Co. Ltd Adult Incontinence Products Operational Performance 117
12.14 Hengan International Group 119
12.14.1 Company Overview 119
12.14.2 SWOT Analysis 119
12.14.3 R&D and Marketing Strategy 120
12.14.4 Hengan International Group Adult Incontinence Products Operational Performance 121
12.15 Vinda International Holdings Limited 123
12.15.1 Company Overview 123
12.15.2 SWOT Analysis 123
12.15.3 R&D and Marketing Strategy 124
12.15.4 Vinda International Holdings Limited Adult Incontinence Products Operational Performance 125
12.16 Hangzhou Qianzhiya Sanitary Products Co. Ltd 127
12.16.1 Company Overview 127
12.16.2 SWOT Analysis 127
12.16.3 R&D and Marketing Strategy 128
12.16.4 Hangzhou Qianzhiya Sanitary Products Co. Ltd Adult Incontinence Products Operational Performance 129
Chapter 13 Market Forecast (2027-2031) 131
13.1 Global Market Revenue Forecast 131
13.2 Global Market Volume Forecast 131
13.3 Regional Forecast 132
13.4 Product Type and Channel Forecast 133
Chapter 14 Conclusion 134
Table 2 Global Adult Incontinence Products Revenue (USD Million) and Growth Rate (2021-2031) 8
Table 3 Key Market Drivers and Impact Analysis 10
Table 4 Raw Material Cost Analysis 14
Table 5 Global Adult Incontinence Products Revenue by Type (2021-2031) 19
Table 6 Global Adult Incontinence Products Revenue by Channel (2021-2031) 25
Table 7 Global Adult Incontinence Products Revenue by Region (2021-2031) 31
Table 8 North America Market Size by Country (2021-2031) 37
Table 9 Europe Market Size by Country (2021-2031) 41
Table 10 Asia-Pacific Market Size by Country (2021-2031) 48
Table 11 LAMEA Market Size by Country (2021-2031) 56
Table 12 Global Top Manufacturers Ranking by Revenue (2026) 62
Table 13 Kimberly-Clark Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 69
Table 14 Essity Hygiene and Health AB Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 73
Table 15 Ontex Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 77
Table 16 Hartmann Group Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 81
Table 17 Attends Healthcare Products Inc. Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 85
Table 18 NorthShore Care Supply Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 89
Table 19 Principle Business Enterprises Inc. Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 93
Table 20 ABENA Holding A/S Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 97
Table 21 Domtar Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 101
Table 22 Unicharm Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 105
Table 23 Kao Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 109
Table 24 Daio Paper Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 113
Table 25 Hangzhou Coco Healthcare Products Co. Ltd Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 117
Table 26 Hengan International Group Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 121
Table 27 Vinda International Holdings Limited Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 125
Table 28 Hangzhou Qianzhiya Sanitary Products Co. Ltd Adult Incontinence Products Revenue, Cost and Gross Profit Margin (2021-2026) 129
Table 29 Global Adult Incontinence Products Revenue Forecast by Region (2027-2031) 132
Figure 1 Adult Incontinence Products Market Research Methodology 2
Figure 2 Global Adult Incontinence Products Revenue (2021-2031) 8
Figure 3 Global Adult Incontinence Products Sales Volume (2021-2031) 9
Figure 4 Global Adult Incontinence Products Market Share by Type (2026) 19
Figure 5 Global Adult Diaper Revenue (2021-2031) 20
Figure 6 Global Pull-Up Underwear Revenue (2021-2031) 21
Figure 7 Global Liners & Guards Revenue (2021-2031) 22
Figure 8 Global Pads Revenue (2021-2031) 23
Figure 9 Global Cleansing Products Revenue (2021-2031) 24
Figure 10 Global Adult Incontinence Products Market Share by Channel (2026) 25
Figure 11 Global Adult Incontinence Products Revenue Market Share by Region (2026) 31
Figure 12 North America Adult Incontinence Products Revenue (2021-2031) 37
Figure 13 Europe Adult Incontinence Products Revenue (2021-2031) 41
Figure 14 Asia-Pacific Adult Incontinence Products Revenue (2021-2031) 48
Figure 15 LAMEA Adult Incontinence Products Revenue (2021-2031) 56
Figure 16 Global Top 10 Players Market Share (2026) 63
Figure 17 Kimberly-Clark Adult Incontinence Products Market Share (2021-2026) 70
Figure 18 Essity Hygiene and Health AB Adult Incontinence Products Market Share (2021-2026) 74
Figure 19 Ontex Adult Incontinence Products Market Share (2021-2026) 78
Figure 20 Hartmann Group Adult Incontinence Products Market Share (2021-2026) 82
Figure 21 Attends Healthcare Products Inc. Adult Incontinence Products Market Share (2021-2026) 86
Figure 22 NorthShore Care Supply Adult Incontinence Products Market Share (2021-2026) 90
Figure 23 Principle Business Enterprises Inc. Adult Incontinence Products Market Share (2021-2026) 94
Figure 24 ABENA Holding A/S Adult Incontinence Products Market Share (2021-2026) 98
Figure 25 Domtar Adult Incontinence Products Market Share (2021-2026) 102
Figure 26 Unicharm Adult Incontinence Products Market Share (2021-2026) 106
Figure 27 Kao Adult Incontinence Products Market Share (2021-2026) 110
Figure 28 Daio Paper Adult Incontinence Products Market Share (2021-2026) 114
Figure 29 Hangzhou Coco Healthcare Products Co. Ltd Adult Incontinence Products Market Share (2021-2026) 118
Figure 30 Hengan International Group Adult Incontinence Products Market Share (2021-2026) 122
Figure 31 Vinda International Holdings Limited Adult Incontinence Products Market Share (2021-2026) 126
Figure 32 Hangzhou Qianzhiya Sanitary Products Co. Ltd Adult Incontinence Products Market Share (2021-2026) 130
Figure 33 Global Adult Incontinence Products Revenue Forecast (2027-2031) 131
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 |