Key Insights
The Graphite Anode for Lithium-Ion Battery (LIB) industry is experiencing robust growth, driven by the burgeoning electric vehicle (EV) market and the increasing demand for energy storage solutions. A compound annual growth rate (CAGR) exceeding 7% from 2019 to 2033 indicates a significant expansion, with the market valued in the millions. This growth is fueled by several key factors: the continuous improvement in battery energy density and lifespan, governmental incentives promoting EV adoption globally, and the rising demand for portable electronics and grid-scale energy storage systems. The market is segmented by various anode materials (natural graphite, synthetic graphite, etc.), battery chemistry (e.g., LFP, NMC), and geographic regions. Leading players like Beterui New Materials Group Co Ltd, Elkem ASA, and others are actively involved in expanding production capacities and developing advanced anode materials to meet the escalating demand. Competition is intense, with companies focusing on cost optimization, technological innovation, and strategic partnerships to secure market share.
However, the industry faces some challenges. Fluctuations in raw material prices, particularly graphite, can significantly impact profitability. Furthermore, the need for sustainable and environmentally friendly production processes is becoming increasingly important, pushing companies to adopt more eco-conscious manufacturing methods. Despite these challenges, the long-term outlook for the Graphite Anode for LIB industry remains positive, driven by the unstoppable growth of the EV sector and the wider adoption of LIB technologies across diverse applications. Continued technological advancements, including the development of high-performance, cost-effective anode materials, are expected to further fuel market expansion in the coming years. Market consolidation through mergers and acquisitions might also be expected as companies strive for efficiency and scale advantages.
This comprehensive report provides an in-depth analysis of the Graphite Anode for LIB Industry market, covering historical data (2019-2024), the base year (2025), and forecast projections (2025-2033). The study examines market concentration, innovation, industry trends, dominant segments, product developments, key drivers, challenges, opportunities, and leading players. With a focus on actionable insights and detailed market sizing (in Millions), this report is an essential resource for industry stakeholders, investors, and strategic decision-makers.
Graphite Anode for LIB Industry Market Concentration & Innovation
This section analyzes the competitive landscape of the graphite anode market for the Lithium-ion battery (LIB) industry. The market exhibits a moderately concentrated structure, with several major players holding significant market share. However, the presence of numerous smaller companies indicates ongoing competition and innovation. The market share of the top five players is estimated at xx%, with the remaining share distributed among numerous smaller companies.
Key Aspects Analyzed:
- Market Concentration: Assessment of market share distribution among key players, including Beterui New Materials Group Co Ltd, Elkem ASA, Guangdong Kaijin New Energy Technology Co Ltd, JFE Chemical Corporation, Longbai Group, Mitsubishi Chemical Holdings Corporation, Ningbo Shanshan Co Ltd, Nippon Carbon Co Ltd, POSCO CHEMICAL, Resonac, SGL Carbon, Shanghai Pu Tailai New Energy Technology Co Ltd, Shenzhen XFH Technology Co Ltd, Syrah Resources Limited, and Tokai Carbon Co Ltd.
- Innovation Drivers: Analysis of R&D investments, technological advancements (e.g., improved purity, enhanced capacity), and the role of patents in shaping the competitive landscape. For example, SGL Carbon's IPCEI funding highlights the importance of R&D in driving innovation.
- Regulatory Frameworks: Examination of government policies and regulations impacting the graphite anode market, including environmental regulations and incentives for battery production.
- Product Substitutes: Evaluation of alternative anode materials and their potential impact on market share.
- End-User Trends: Analysis of the growing demand for LIBs in electric vehicles, energy storage systems, and portable electronics.
- M&A Activities: Review of significant mergers and acquisitions, including deal values and their impact on market consolidation. For instance, Mitsubishi Chemical Holdings' expansion of its facilities demonstrates strategic investment in the industry.
Graphite Anode for LIB Industry Industry Trends & Insights
The graphite anode market for LIBs is experiencing robust growth, driven by the increasing demand for electric vehicles and energy storage solutions. The market's Compound Annual Growth Rate (CAGR) during the forecast period (2025-2033) is estimated to be xx%. This growth is fueled by several key factors, including:
- Technological advancements leading to higher energy density and improved cycle life of LIBs.
- Stringent environmental regulations promoting the adoption of electric vehicles and renewable energy sources.
- Increasing consumer preference for environmentally friendly technologies.
- Intense competitive dynamics leading to continuous product innovation and cost reduction.
Market penetration of graphite anodes in LIBs is expected to remain high, exceeding xx% by 2033, reflecting its dominant position in the industry.
Dominant Markets & Segments in Graphite Anode for LIB Industry
The Asia-Pacific region is expected to dominate the graphite anode market for LIBs throughout the forecast period, driven by the significant growth of the electric vehicle industry and substantial investments in energy storage infrastructure in countries like China, Japan, and South Korea.
Key Drivers of Dominance:
- Favorable government policies promoting the adoption of electric vehicles and renewable energy.
- Robust manufacturing capabilities and a well-established supply chain.
- High demand for LIBs from the electronics and consumer goods industries.
China's dominant position stems from its large-scale manufacturing capabilities and its significant presence in the electric vehicle industry. While other regions, including North America and Europe, are showing substantial growth, Asia's established infrastructure and manufacturing expertise maintain its leading position.
Graphite Anode for LIB Industry Product Developments
Recent innovations focus on improving the performance characteristics of graphite anodes, such as increasing energy density and cycle life. This includes the development of artificial graphite with enhanced purity and crystalline structure. These improvements cater to the growing demand for higher-performance LIBs in electric vehicles and grid-scale energy storage systems. The market is witnessing a shift towards advanced graphite materials, offering competitive advantages in terms of battery life and charging speeds.
Report Scope & Segmentation Analysis
This report segments the graphite anode market for LIBs based on several key parameters:
By Material Type: Natural Graphite, Artificial Graphite, and others
By Application: Electric Vehicles, Energy Storage Systems, Portable Electronics, and others
By Region: North America, Europe, Asia-Pacific, and the Rest of the World
Each segment is thoroughly analyzed, providing market size, growth projections, and competitive dynamics. The growth of each segment is linked to the developments in the corresponding end-user industries.
Key Drivers of Graphite Anode for LIB Industry Growth
The growth of the graphite anode market for LIBs is primarily driven by the following factors:
- The booming electric vehicle market: The increasing demand for electric vehicles globally is a major driver, pushing the need for high-performance batteries.
- Growth of renewable energy storage: The expansion of renewable energy sources like solar and wind power necessitates efficient energy storage solutions.
- Technological advancements: Continuous improvements in graphite anode technology enhance battery performance and cost-effectiveness.
- Government support and incentives: Many governments worldwide are promoting the adoption of electric vehicles and renewable energy through supportive policies and subsidies.
Challenges in the Graphite Anode for LIB Industry Sector
The graphite anode market faces several challenges:
- Fluctuations in raw material prices: The price of natural graphite, a crucial raw material, can significantly impact profitability.
- Supply chain disruptions: Geopolitical factors and natural disasters can disrupt the supply chain, affecting production.
- Competition from alternative anode materials: Emerging anode materials like silicon and lithium titanate pose a competitive threat.
- Environmental concerns: Sustainable sourcing and environmentally friendly manufacturing processes are crucial aspects.
Emerging Opportunities in Graphite Anode for LIB Industry
Significant opportunities exist in:
- Development of high-performance graphite anodes: Further improvements in energy density and cycle life create new market possibilities.
- Expansion into new markets: Growing demand in emerging economies presents significant growth opportunities.
- Strategic partnerships and collaborations: Collaborations with battery manufacturers and technology providers can drive innovation.
Leading Players in the Graphite Anode for LIB Industry Market
- Beterui New Materials Group Co Ltd
- Elkem ASA (https://www.elkem.com/)
- Guangdong Kaijin New Energy Technology Co Ltd
- JFE Chemical Corporation (https://www.jfe-chemical.co.jp/english/)
- Longbai Group
- Mitsubishi Chemical Holdings Corporation (https://www.m-chemical.co.jp/english/)
- Ningbo Shanshan Co Ltd (https://www.shanshan.com.cn/en/)
- Nippon Carbon Co Ltd (https://www.nipponcarbon.co.jp/english/)
- POSCO CHEMICAL (https://www.poscochem.com/en/)
- Resonac (https://www.resonac.com/en/)
- SGL Carbon (https://www.sglcarbon.com/en/)
- Shanghai Pu Tailai New Energy Technology Co Ltd
- Shenzhen XFH Technology Co Ltd
- Syrah Resources Limited (https://www.syrahresources.com/)
- Tokai Carbon Co Ltd (https://www.tokaicarbon.co.jp/english/) *List Not Exhaustive
Key Developments in Graphite Anode for LIB Industry Industry
- June 2022: Mitsubishi Chemical Holdings announced the expansion of its graphite anode manufacturing facilities from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei Co., Ltd. This expansion significantly increases the company's supply capacity, particularly targeting the European and United States markets.
- March 2021: SGL Carbon received funding for research and development of graphite anode materials under the European IPCEI (Important Project of Common European Interest). This funding underscores the importance of innovation and technological advancements within the graphite anode industry.
Strategic Outlook for Graphite Anode for LIB Industry Market
The graphite anode market for LIBs is poised for substantial growth over the next decade. Continued advancements in battery technology, coupled with the expanding electric vehicle and renewable energy sectors, will drive demand for high-performance graphite anodes. Companies focusing on innovation, efficient supply chains, and sustainable practices are well-positioned to capitalize on the significant market opportunities presented by this growing industry. The market is expected to see a continuous influx of innovation and strategic investment, further enhancing its growth trajectory.
Graphite Anode for LIB Industry Segmentation
-
1. Type
- 1.1. Synthetic Graphite
- 1.2. Natural Graphite
Graphite Anode for LIB Industry Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. India
- 1.3. Japan
- 1.4. South Korea
- 1.5. Rest of Asia Pacific
-
2. North America
- 2.1. United States
- 2.2. Canada
- 2.3. Mexico
-
3. Europe
- 3.1. Germany
- 3.2. France
- 3.3. United Kingdom
- 3.4. Italy
- 3.5. Russia
- 3.6. Rest of Europe
- 4. Rest of World
Graphite Anode for LIB Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of > 7.00% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Demand for Lithium-Ion Batteries for Electric Vehicle; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Increasing Demand for Lithium-Ion Batteries for Electric Vehicle; Other Drivers
- 3.4. Market Trends
- 3.4.1. Increasing Demand from Automobile Industry
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Graphite Anode for LIB Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Synthetic Graphite
- 5.1.2. Natural Graphite
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Asia Pacific
- 5.2.2. North America
- 5.2.3. Europe
- 5.2.4. Rest of World
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Asia Pacific Graphite Anode for LIB Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Synthetic Graphite
- 6.1.2. Natural Graphite
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. North America Graphite Anode for LIB Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Synthetic Graphite
- 7.1.2. Natural Graphite
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Graphite Anode for LIB Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Synthetic Graphite
- 8.1.2. Natural Graphite
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Rest of World Graphite Anode for LIB Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Synthetic Graphite
- 9.1.2. Natural Graphite
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Competitive Analysis
- 10.1. Global Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Beterui New Materials Group Co Ltd
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Elkem ASA
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Guangdong Kaijin New Energy Technology Co Ltd
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 JFE Chemical Corporation
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Longbai Group
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Mitsubishi Chemical Holdings Corporation
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Ningbo Shanshan Co Ltd
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Nippon Carbon Co Ltd
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 POSCO CHEMICAL
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Resonac
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 SGL Carbon
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.12 Shanghai Pu Tailai New Energy Technology Co Ltd
- 10.2.12.1. Overview
- 10.2.12.2. Products
- 10.2.12.3. SWOT Analysis
- 10.2.12.4. Recent Developments
- 10.2.12.5. Financials (Based on Availability)
- 10.2.13 Shenzhen XFH Technology Co Ltd
- 10.2.13.1. Overview
- 10.2.13.2. Products
- 10.2.13.3. SWOT Analysis
- 10.2.13.4. Recent Developments
- 10.2.13.5. Financials (Based on Availability)
- 10.2.14 Syrah Resources Limited
- 10.2.14.1. Overview
- 10.2.14.2. Products
- 10.2.14.3. SWOT Analysis
- 10.2.14.4. Recent Developments
- 10.2.14.5. Financials (Based on Availability)
- 10.2.15 Tokai Carbon Co Ltd*List Not Exhaustive
- 10.2.15.1. Overview
- 10.2.15.2. Products
- 10.2.15.3. SWOT Analysis
- 10.2.15.4. Recent Developments
- 10.2.15.5. Financials (Based on Availability)
- 10.2.1 Beterui New Materials Group Co Ltd
List of Figures
- Figure 1: Global Graphite Anode for LIB Industry Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: Asia Pacific Graphite Anode for LIB Industry Revenue (Million), by Type 2024 & 2032
- Figure 3: Asia Pacific Graphite Anode for LIB Industry Revenue Share (%), by Type 2024 & 2032
- Figure 4: Asia Pacific Graphite Anode for LIB Industry Revenue (Million), by Country 2024 & 2032
- Figure 5: Asia Pacific Graphite Anode for LIB Industry Revenue Share (%), by Country 2024 & 2032
- Figure 6: North America Graphite Anode for LIB Industry Revenue (Million), by Type 2024 & 2032
- Figure 7: North America Graphite Anode for LIB Industry Revenue Share (%), by Type 2024 & 2032
- Figure 8: North America Graphite Anode for LIB Industry Revenue (Million), by Country 2024 & 2032
- Figure 9: North America Graphite Anode for LIB Industry Revenue Share (%), by Country 2024 & 2032
- Figure 10: Europe Graphite Anode for LIB Industry Revenue (Million), by Type 2024 & 2032
- Figure 11: Europe Graphite Anode for LIB Industry Revenue Share (%), by Type 2024 & 2032
- Figure 12: Europe Graphite Anode for LIB Industry Revenue (Million), by Country 2024 & 2032
- Figure 13: Europe Graphite Anode for LIB Industry Revenue Share (%), by Country 2024 & 2032
- Figure 14: Rest of World Graphite Anode for LIB Industry Revenue (Million), by Type 2024 & 2032
- Figure 15: Rest of World Graphite Anode for LIB Industry Revenue Share (%), by Type 2024 & 2032
- Figure 16: Rest of World Graphite Anode for LIB Industry Revenue (Million), by Country 2024 & 2032
- Figure 17: Rest of World Graphite Anode for LIB Industry Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 3: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 5: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 6: China Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: India Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Japan Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: South Korea Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Rest of Asia Pacific Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 12: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 13: United States Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Canada Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 15: Mexico Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 17: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Germany Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: France Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: United Kingdom Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Italy Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Russia Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Rest of Europe Graphite Anode for LIB Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 25: Global Graphite Anode for LIB Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Graphite Anode for LIB Industry?
The projected CAGR is approximately > 7.00%.
2. Which companies are prominent players in the Graphite Anode for LIB Industry?
Key companies in the market include Beterui New Materials Group Co Ltd, Elkem ASA, Guangdong Kaijin New Energy Technology Co Ltd, JFE Chemical Corporation, Longbai Group, Mitsubishi Chemical Holdings Corporation, Ningbo Shanshan Co Ltd, Nippon Carbon Co Ltd, POSCO CHEMICAL, Resonac, SGL Carbon, Shanghai Pu Tailai New Energy Technology Co Ltd, Shenzhen XFH Technology Co Ltd, Syrah Resources Limited, Tokai Carbon Co Ltd*List Not Exhaustive.
3. What are the main segments of the Graphite Anode for LIB Industry?
The market segments include Type.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand for Lithium-Ion Batteries for Electric Vehicle; Other Drivers.
6. What are the notable trends driving market growth?
Increasing Demand from Automobile Industry.
7. Are there any restraints impacting market growth?
Increasing Demand for Lithium-Ion Batteries for Electric Vehicle; Other Drivers.
8. Can you provide examples of recent developments in the market?
June 2022: Mitsubishi Chemical Holdings announced the expansion of its graphite anode manufacturing facilities from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei Co., Ltd. This move will expand the company's supply to the European and United States market.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Graphite Anode for LIB Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Graphite Anode for LIB Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Graphite Anode for LIB Industry?
To stay informed about further developments, trends, and reports in the Graphite Anode for LIB Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
