Nickel Market
PUBLISHED: 2022 ID: SMRC21526
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Nickel Market

Nickel Market Forecasts to 2028 – Global Analysis By Product Type (Class I Products, Class II Products), Application (Alloys, Batteries, Casting, Electroplating, Stainless Steel), End User (Chemical, Construction), and By Geography

4.7 (73 reviews)
4.7 (73 reviews)
Published: 2022 ID: SMRC21526

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $36.27 BN

Projected Year Value (2028)

US $59.39 BN

CAGR (2021 - 2028)

7.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

Middle East & Africa


According to Stratistics MRC, the Global Nickel Market is accounted for $36.27 billion in 2021 and is expected to reach $59.39 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Nickel is a chemical element and a transition metal, mostly used for high-grade steel manufacturing. It is a durable, lustrous and silvery-white metal extracted from nickel sulfide and garnierite mines. It has high electro-magnetic and malleable properties, which aid in casting iron products and manufacturing stainless steel and non-ferrous alloys. Nickel and its derivatives are commonly used in water purification and disposal applications as they require low maintenance and offer water-resistance to the products.



Market Dynamics:

Driver:

Advancements in technology


The advancement in Nickel-containing battery technology will drive the growth of the market. This, in turn, promotes the adoption of Ni metal as it aids in delivering greater storage capacity and higher energy density to the batteries at a lower cost. Due to the advanced technology, the demand for nickel plating is associated with its corrosion and wears resistance properties. The product also offers adhesion properties for subsequent coating layers, thereby used as an undercoat for different coatings. According to the Nickel Institute Organization, the best soft magnetic qualities are found in alloys with 72-83% of Ni employed in inductors, transformers, magnetic shields, magnetic amplifiers, and memory storage devices. Hence, such factors will drive product adoption during the review period

Restraint:

Price fluctuations


The price of Nickel is higher, making it an expensive raw material for various applications and end-use industries. The high-grade Ni is a necessary component of the electric vehicle battery. The speculation about rising EV demand has pushed its prices higher. In addition, the Ni metal being a commodity, its prices are determined by supply and demand and are constantly fluctuating. Furthermore, the restrictions on the export of Indonesian nickel by the country’s government to maintain their resources have also hindered metal adoption in various applications. Hence, such factors are anticipated to restrict growth of the market.

Opportunity:

Rising demand from automobile industry


The factors such as rapid adoption of electric cars and upward demand for lightweight vehicles owing to rising greenhouse emissions, technological advancements, and consumer expenditures over automobiles have boosted the automotive industry worldwide. This has further fuelled the demand for batteries. Nickel is a significant component in lithium-ion batteries used in electric cars. It allows manufacturers to utilize less cobalt, which is more expensive and has a less transparent supply chain while packing more energy into batteries. According to the Nickel Institute Organization, battery technology is progressing in line with the developing automobile industry, increasing the usage of Ni-containing Li-ion batteries. Thus, these factors would create ample opportunities for the market growth.

Threat:

Disruptions in supply chain


The market growth is hampered by the COVID-19 pandemic, as trade sanctions, lockdowns, and social distances have triggered massive disruptions to global supply chain networks. Due to lockdowns in various countries, most of the industries or factories were temporarily shut down and have impacted the demand and price of nickel. Major mining companies like Nickel Asia and Global Ferronickel Holdings suspended some of their operations in response to COVID-19. Brazil’s Vale had cut its 2020 guidance by up to 20,000 metric ton, citing limited ability to keep current maintenance shutdown schedules.

The stainless steel segment is expected to be the largest during the forecast period

The stainless steel segment is estimated to have a lucrative growth owing to a Stainless steel which is used in various sectors, including food and beverage, construction, aerospace, transport, medical, chemical, etc., owing to its corrosion resistance, durability, and abundance in availability. Nickel alloying holds almost two-third of the stainless-steel production process across the world. Moreover, one of the key advantages of nickel in stainless steel is in stabilizing the austenitic structure of steel at room temperature.

The construction segment is expected to have the highest CAGR during the forecast period

The construction segment is anticipated to witness the fastest CAGR growth during the forecast period. Nickel-containing stainless steel rapidly became a popular choice in architecture, building and construction. Many structures using nickel-containing stainless steel have since become architectural design icons. A broad range of surface finishes can be applied to nickel-containing stainless steels, ranging from elegant polishes to combinations of colour and texture. They are corrosion resistant and easily formed and fabricated. The nickel-containing 300 series stainless steels are the most widely-used alloys in use for these applications.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing consumption rate of nickel and the presence of large stainless steel manufacturing companies and battery manufacturers in the region. The major nickel ore concentrations in the Philippines, New Caledonia, Australia, Indonesia, and China are instrumental to making the region the largest producer of nickel.

Region with highest CAGR:

Middle East & Africa is projected to have the highest CAGR over the forecast period. The rising adoption of stainless steel and nickel alloys in implantable medical devices and orthopedic applications, including joint replacements to stents, will propel the market growth. In addition, the ability to improve the steel's ductility and toughness at low temperatures help provide hardness and strength to the steel.



Key players in the market

Some of the key players profiled in the Nickel Market include Anglo American, BHP, Cunico Corp., Eramet, Glencore, INDEPENDENCE GROUP NL, Jinchuan Group International Resources Co. Ltd, Norilsk Nickel, Pacific Metal Company, QUEENSLAND NICKEL SALES, Sherritt International Corporation, Sumitomo Metal Mining Co. Ltd, Terrafame, Vale, and Votorantim.

Key Developments:

In October 2021, Renault Group and Terrafame have signed a Memorandum of Understanding (MoU) for the future supply of nickel sulphate. With this agreement, Renault Group will secure a significant annual supply of nickel sulphate from Terrafame, representing up to 15 GWh of annual capacity. The cooperation will start by paying particular attention to sustainability systems and defining detailed metrics for traceability beyond solutions currently used for EV battery chemicals production.

In July 2021, BHP has announced the signing of a nickel supply agreement with one of the world’s leading sustainable energy companies; Tesla Inc. BHP will supply Tesla Inc. with nickel from its Nickel West asset in Western Australia, one of the most sustainable and lowest carbon emission nickel producers in the world.
 
Product Types Covered:
• Class I Products
• Class II Products
 
Applications Covered:
• Alloys
• Batteries
• Casting
• Electroplating
• Stainless Steel
 
End Users Covered:
• Chemical
• Construction
• Consumer Durables
• Electrical & Electronics
• Fabricated Metal Products
• Industrial Machinery
• Petrochemical
• Transportation & Defense

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

Table of Contents

1 Executive Summary       
         
2 Preface  
      
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Product Analysis      
 3.7 Application Analysis     
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
          
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Nickel Market, By Product Type     
 5.1 Introduction      
 5.2 Class I Products      
 5.3 Class II Products      
         
6 Global Nickel Market, By Application     
 6.1 Introduction      
 6.2 Alloys       
  6.2.1 Non-ferrous Alloys     
  6.2.2 Superalloys      
 6.3 Batteries       
 6.4 Casting       
 6.5 Electroplating      
 6.6 Stainless Steel      
         
7 Global Nickel Market, By End User     
 7.1 Introduction      
 7.2 Chemical       
 7.3 Construction      
 7.4 Consumer Durables       
 7.5 Electrical & Electronics     
 7.6 Fabricated Metal Products     
 7.7 Industrial Machinery     
 7.8 Petrochemical      
 7.9 Transportation & Defense     
         
8 Global Nickel Market, By Geography     
 8.1 Introduction      
 8.2 North America      
  8.2.1 US      
  8.2.2 Canada      
  8.2.3 Mexico      
 8.3 Europe       
  8.3.1 Germany      
  8.3.2 UK      
  8.3.3 Italy      
  8.3.4 France      
  8.3.5 Spain      
  8.3.6 Rest of Europe     
 8.4 Asia Pacific       
  8.4.1 Japan      
  8.4.2 China      
  8.4.3 India      
  8.4.4 Australia      
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil      
  8.5.3 Chile      
  8.5.4 Rest of South America    
 8.6 Middle East & Africa     
  8.6.1 Saudi Arabia     
  8.6.2 UAE      
  8.6.3 Qatar      
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa    
         
9 Key Developments        
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers     
 9.3 New Product Launch     
 9.4 Expansions      
 9.5 Other Key Strategies     
         
10 Company Profiling       
 10.1 Anglo American      
 10.2 BHP       
 10.3 Cunico Corp.      
 10.4 Eramet       
 10.5 Glencore       
 10.6 INDEPENDENCE GROUP NL     
 10.7 Jinchuan Group International Resources Co. Ltd   
 10.8 Norilsk Nickel      
 10.9 Pacific Metal Company     
 10.10 QUEENSLAND NICKEL SALES     
 10.11 Sherritt International Corporation    
 10.12 Sumitomo Metal Mining Co. Ltd    
 10.13 Terrafame      
 10.14 Vale       
 10.15 Votorantim      
         
List of Tables        
1 Global Nickel Market Outlook, By Region (2020-2028) ($MN)   
2 Global Nickel Market Outlook, By Product Type (2020-2028) ($MN)  
3 Global Nickel Market Outlook, By Class I Products (2020-2028) ($MN)  
4 Global Nickel Market Outlook, By Class II Products (2020-2028) ($MN)  
5 Global Nickel Market Outlook, By Application (2020-2028) ($MN)  
6 Global Nickel Market Outlook, By Alloys (2020-2028) ($MN)   
7 Global Nickel Market Outlook, By Non-ferrous Alloys (2020-2028) ($MN)  
8 Global Nickel Market Outlook, By Superalloys (2020-2028) ($MN)   
9 Global Nickel Market Outlook, By Batteries (2020-2028) ($MN)   
10 Global Nickel Market Outlook, By Casting (2020-2028) ($MN)   
11 Global Nickel Market Outlook, By Electroplating (2020-2028) ($MN)  
12 Global Nickel Market Outlook, By Stainless Steel (2020-2028) ($MN)  
13 Global Nickel Market Outlook, By End User (2020-2028) ($MN)   
14 Global Nickel Market Outlook, By Chemical (2020-2028) ($MN)  
15 Global Nickel Market Outlook, By Construction (2020-2028) ($MN)  
16 Global Nickel Market Outlook, By Consumer Durables (2020-2028) ($MN) 
17 Global Nickel Market Outlook, By Electrical & Electronics (2020-2028) ($MN) 
18 Global Nickel Market Outlook, By Fabricated Metal Products (2020-2028) ($MN) 
19 Global Nickel Market Outlook, By Industrial Machinery (2020-2028) ($MN) 
20 Global Nickel Market Outlook, By Petrochemical (2020-2028) ($MN)  
21 Global Nickel Market Outlook, By Transportation & Defense (2020-2028) ($MN) 
22 North America Nickel Market Outlook, By Country (2020-2028) ($MN)  
23 North America Nickel Market Outlook, By Product Type (2020-2028) ($MN) 
24 North America Nickel Market Outlook, By Class I Products (2020-2028) ($MN) 
25 North America Nickel Market Outlook, By Class II Products (2020-2028) ($MN) 
26 North America Nickel Market Outlook, By Application (2020-2028) ($MN) 
27 North America Nickel Market Outlook, By Alloys (2020-2028) ($MN)  
28 North America Nickel Market Outlook, By Non-ferrous Alloys (2020-2028) ($MN) 
29 North America Nickel Market Outlook, By Superalloys (2020-2028) ($MN) 
30 North America Nickel Market Outlook, By Batteries (2020-2028) ($MN)  
31 North America Nickel Market Outlook, By Casting (2020-2028) ($MN)  
32 North America Nickel Market Outlook, By Electroplating (2020-2028) ($MN) 
33 North America Nickel Market Outlook, By Stainless Steel (2020-2028) ($MN) 
34 North America Nickel Market Outlook, By End User (2020-2028) ($MN)  
35 North America Nickel Market Outlook, By Chemical (2020-2028) ($MN)  
36 North America Nickel Market Outlook, By Construction (2020-2028) ($MN) 
37 North America Nickel Market Outlook, By Consumer Durables (2020-2028) ($MN) 
38 North America Nickel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
39 North America Nickel Market Outlook, By Fabricated Metal Products (2020-2028) ($MN)
40 North America Nickel Market Outlook, By Industrial Machinery (2020-2028) ($MN) 
41 North America Nickel Market Outlook, By Petrochemical (2020-2028) ($MN) 
42 North America Nickel Market Outlook, By Transportation & Defense (2020-2028) ($MN)
43 Europe Nickel Market Outlook, By Country (2020-2028) ($MN)   
44 Europe Nickel Market Outlook, By Product Type (2020-2028) ($MN)  
45 Europe Nickel Market Outlook, By Class I Products (2020-2028) ($MN)  
46 Europe Nickel Market Outlook, By Class II Products (2020-2028) ($MN)  
47 Europe Nickel Market Outlook, By Application (2020-2028) ($MN)  
48 Europe Nickel Market Outlook, By Alloys (2020-2028) ($MN)   
49 Europe Nickel Market Outlook, By Non-ferrous Alloys (2020-2028) ($MN) 
50 Europe Nickel Market Outlook, By Superalloys (2020-2028) ($MN)  
51 Europe Nickel Market Outlook, By Batteries (2020-2028) ($MN)  
52 Europe Nickel Market Outlook, By Casting (2020-2028) ($MN)   
53 Europe Nickel Market Outlook, By Electroplating (2020-2028) ($MN)  
54 Europe Nickel Market Outlook, By Stainless Steel (2020-2028) ($MN)  
55 Europe Nickel Market Outlook, By End User (2020-2028) ($MN)  
56 Europe Nickel Market Outlook, By Chemical (2020-2028) ($MN)  
57 Europe Nickel Market Outlook, By Construction (2020-2028) ($MN)  
58 Europe Nickel Market Outlook, By Consumer Durables (2020-2028) ($MN) 
59 Europe Nickel Market Outlook, By Electrical & Electronics (2020-2028) ($MN) 
60 Europe Nickel Market Outlook, By Fabricated Metal Products (2020-2028) ($MN) 
61 Europe Nickel Market Outlook, By Industrial Machinery (2020-2028) ($MN) 
62 Europe Nickel Market Outlook, By Petrochemical (2020-2028) ($MN)  
63 Europe Nickel Market Outlook, By Transportation & Defense (2020-2028) ($MN) 
64 Asia Pacific Nickel Market Outlook, By Country (2020-2028) ($MN)  
65 Asia Pacific Nickel Market Outlook, By Product Type (2020-2028) ($MN)  
66 Asia Pacific Nickel Market Outlook, By Class I Products (2020-2028) ($MN) 
67 Asia Pacific Nickel Market Outlook, By Class II Products (2020-2028) ($MN) 
68 Asia Pacific Nickel Market Outlook, By Application (2020-2028) ($MN)  
69 Asia Pacific Nickel Market Outlook, By Alloys (2020-2028) ($MN)  
70 Asia Pacific Nickel Market Outlook, By Non-ferrous Alloys (2020-2028) ($MN) 
71 Asia Pacific Nickel Market Outlook, By Superalloys (2020-2028) ($MN)  
72 Asia Pacific Nickel Market Outlook, By Batteries (2020-2028) ($MN)  
73 Asia Pacific Nickel Market Outlook, By Casting (2020-2028) ($MN)  
74 Asia Pacific Nickel Market Outlook, By Electroplating (2020-2028) ($MN)  
75 Asia Pacific Nickel Market Outlook, By Stainless Steel (2020-2028) ($MN)  
76 Asia Pacific Nickel Market Outlook, By End User (2020-2028) ($MN)  
77 Asia Pacific Nickel Market Outlook, By Chemical (2020-2028) ($MN)  
78 Asia Pacific Nickel Market Outlook, By Construction (2020-2028) ($MN)  
79 Asia Pacific Nickel Market Outlook, By Consumer Durables (2020-2028) ($MN) 
80 Asia Pacific Nickel Market Outlook, By Electrical & Electronics (2020-2028) ($MN) 
81 Asia Pacific Nickel Market Outlook, By Fabricated Metal Products (2020-2028) ($MN)
82 Asia Pacific Nickel Market Outlook, By Industrial Machinery (2020-2028) ($MN) 
83 Asia Pacific Nickel Market Outlook, By Petrochemical (2020-2028) ($MN)  
84 Asia Pacific Nickel Market Outlook, By Transportation & Defense (2020-2028) ($MN)
85 South America Nickel Market Outlook, By Country (2020-2028) ($MN)  
86 South America Nickel Market Outlook, By Product Type (2020-2028) ($MN) 
87 South America Nickel Market Outlook, By Class I Products (2020-2028) ($MN) 
88 South America Nickel Market Outlook, By Class II Products (2020-2028) ($MN) 
89 South America Nickel Market Outlook, By Application (2020-2028) ($MN) 
90 South America Nickel Market Outlook, By Alloys (2020-2028) ($MN)  
91 South America Nickel Market Outlook, By Non-ferrous Alloys (2020-2028) ($MN) 
92 South America Nickel Market Outlook, By Superalloys (2020-2028) ($MN) 
93 South America Nickel Market Outlook, By Batteries (2020-2028) ($MN)  
94 South America Nickel Market Outlook, By Casting (2020-2028) ($MN)  
95 South America Nickel Market Outlook, By Electroplating (2020-2028) ($MN) 
96 South America Nickel Market Outlook, By Stainless Steel (2020-2028) ($MN) 
97 South America Nickel Market Outlook, By End User (2020-2028) ($MN)  
98 South America Nickel Market Outlook, By Chemical (2020-2028) ($MN)  
99 South America Nickel Market Outlook, By Construction (2020-2028) ($MN) 
100 South America Nickel Market Outlook, By Consumer Durables (2020-2028) ($MN) 
101 South America Nickel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
102 South America Nickel Market Outlook, By Fabricated Metal Products (2020-2028) ($MN)
103 South America Nickel Market Outlook, By Industrial Machinery (2020-2028) ($MN) 
104 South America Nickel Market Outlook, By Petrochemical (2020-2028) ($MN) 
105 South America Nickel Market Outlook, By Transportation & Defense (2020-2028) ($MN)
106 Middle East & Africa Nickel Market Outlook, By Country (2020-2028) ($MN) 
107 Middle East & Africa Nickel Market Outlook, By Product Type (2020-2028) ($MN) 
108 Middle East & Africa Nickel Market Outlook, By Class I Products (2020-2028) ($MN) 
109 Middle East & Africa Nickel Market Outlook, By Class II Products (2020-2028) ($MN) 
110 Middle East & Africa Nickel Market Outlook, By Application (2020-2028) ($MN) 
111 Middle East & Africa Nickel Market Outlook, By Alloys (2020-2028) ($MN) 
112 Middle East & Africa Nickel Market Outlook, By Non-ferrous Alloys (2020-2028) ($MN)
113 Middle East & Africa Nickel Market Outlook, By Superalloys (2020-2028) ($MN) 
114 Middle East & Africa Nickel Market Outlook, By Batteries (2020-2028) ($MN) 
115 Middle East & Africa Nickel Market Outlook, By Casting (2020-2028) ($MN) 
116 Middle East & Africa Nickel Market Outlook, By Electroplating (2020-2028) ($MN) 
117 Middle East & Africa Nickel Market Outlook, By Stainless Steel (2020-2028) ($MN) 
118 Middle East & Africa Nickel Market Outlook, By End User (2020-2028) ($MN) 
119 Middle East & Africa Nickel Market Outlook, By Chemical (2020-2028) ($MN) 
120 Middle East & Africa Nickel Market Outlook, By Construction (2020-2028) ($MN) 
121 Middle East & Africa Nickel Market Outlook, By Consumer Durables (2020-2028) ($MN)
122 Middle East & Africa Nickel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
123 Middle East & Africa Nickel Market Outlook, By Fabricated Metal Products (2020-2028) ($MN)
124 Middle East & Africa Nickel Market Outlook, By Industrial Machinery (2020-2028) ($MN)
125 Middle East & Africa Nickel Market Outlook, By Petrochemical (2020-2028) ($MN) 
126 Middle East & Africa Nickel Market Outlook, By Transportation & Defense (2020-2028) ($MN)

 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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