­­­Middle East Bio-chemicals Market – Insights

Traditional chemicals that are derived from petroleum sources are dominant than bio-based chemicals. However, owing to increasing investment by chemical manufacturers in research & development to establish more efficient process to use bio-resources, bio-chemical industry is expected to gain major traction over the forecast peiod.

Sustainable manufacturers are shifting their preference towards Bio-chemicals and hence demand for Bio-chemicals is increasing. In order to reduce plastic pollution, leading packaging manufcaturers are adopting sustainable strategies to offer environment friendly products. For instance, in June 2019, Berry Global Group Inc. signed the new Plastic Economy Commitment led by the Ellen MacArthur Foundation to eliminate plastic pollution at its source. The company is developing innovative packaging products to enhance recyclability to create more sustainable packaging in the near future. Moreover, in October 2019, Henkel manufactured chemically recycled plastic bottles in coordination with Alpha Packaging. This product has been designed as an important step towards circular economy for plastic to reduce plastic pollution. Such activities by key manufacturers operating globally and in Middle East are expected to have positive impact on growth of bio-chemicals market throughout the forecast period.    

Raw materials used for the production of the bio-chemicals includes corn, sugarcane, sugar beet, wheat, and cassava, among others. Low costs associated with the production of these raw materials, the overall cost for the production of bio-based chemicals is comparatively low as compared to conventional non-renewable chemicals. These raw materials can also be produced on a large scale without any hindrances.

Owing to stringent regulations on volatile organic substances (VOC’s), bio-based chemicals are higher in demand in the paints & coating industry. In addition, properties such as low corrosion, low toxicity, high solvency power, water miscible, and excellent pigment wetting are expected to fuel demand for bio-chemicals in the paint & coating industries.

Rising demand for natural & safe ingredients from the personal care & cosmetics industry is expected to drive demand for bio-based chemicals in Middle East. Polylactic acid and bio emulsifiers are widely used in the personal care industry for their moisturizing, sebum control, pH adjustment, anti-aging, and antimicrobial properties.

The Middle East Bio-chemicals market was pegged at 1,689.9 Kilo Tons in 2019, and is expected to exhibit a CAGR of 5.3% in terms of volume over the forecast period (2019-2027) to reach 2,677.9 Kilo Tons by the end of 2027.

Among application, the food & beverages segment was pegged at 198.8 Kilo Tons in 2018, and is expected to reach 301.4 Kilo Tons by end of 2027, exhibiting a CAGR of 4.8%. Bio-based chemicals are used in the manufacturing of food ingredients, which are used in the food processing industry. Growth of the packaged food industry in the Middle East is expected to drive demand for food ingredients, which is further expected to drive demand for bio-based chemicals.

Figure 1: Middle East Bio-chemicals Market Volume (Kilo Tons), By Food & Beverages, 2017-2027

Middle East Bio-Chemicals  | Coherent Market Insights

Source: Coherent Market Insights, 2018

Saudi Arabia accounted for the largest market share of around 40% in 2018. The country is expected to retain its dominance throughout the forecast period. In Saudi Arabia, non-biodegradable plastic packaging products were banned in 2017, and according to the new government regulations, plastics needs to be OXO-biodegradable. According to regulations of the Saudi organizations such as Saudi Standards, and Metrology and Quality Organization (SASO), plastic products must be manufactured from approved OXO-biodegradable material. This regulation is applicable for production and import of plastic packaging in Saudi Arabia. Such government policies and regulations are expected to drive demand for bio-based chemicals and materials in the packaging industry in the region.

Figure 2: Middle East Bio-chemicals Market Share (%), By Region, 2018

Middle East Bio-Chemicals  | Coherent Market Insights

Source: Coherent Market Insights, 2018

Major players operating in the Middle East Bio-chemicals market include BASF SE, Clariant A.G., Evonik Industries A.G., Total S.A., Cargill Inc., Biolive, Saudi Biodiesel, Saudi Bio-Acid Company, Sain Bag, and Neutral Fuels among others.

Increasing collaborations and partnerships between companies to generate bio-energy from biodiesel is expected to propel the bio-chemical market growth in Middle East. For instance, in March 2019, Cummins Dubai entered into a partnership with Neutral Fuels to generate power from its diesel generator for RIT Tiger Fest Music and Dance. The power is generated from 100% biodiesel (B100). This will help Neutral Fuels to expand its portfolio in the Middle East region.

Bio-chemical or bio-based chemicals are manufactured from bio-based renewable materials such as sugar, vegetable oils, starch and others. The conversion of these bio-materials into bio-chemicals is carried out by fermentation or enzyme reaction.       

Market Dynamics

Increasing adoption of bio-chemicals over petroleum based chemicals in different end-use industries is expected to fuel demand for bio-chemicals over the forecast period. For instance, traditionally, petroleum based oleo-chemicals were used in the manufacturing of surfactants, food additives, soaps, detergents products. Due to changing environmental policies, consumers are shifting their preference towards bio-based oleo-chemicals. In Middle East, most of the countries such as Saudi Arabia, Oman, Kuwait and others are highly dependent on oil economy. Therefore, the need to develop environmentally, socially and economically sustainable economy are expected to drive growth of the bio-based chemicals market in the Middle East.         

Lack of legislation about production and usage of bio-based chemicals is a major factor that is expected to restrain growth of the Middle East bio-chemicals market. Moreover, there is a lack of laws or legislation regarding production, usage or waste management of bio-based chemicals in several countries such as Saudi Arabia and U.A.E. Recycling of bio-based chemical products is also a major issue as recycling bio-based chemicals without separating them from conventional chemical products can generate hazardous waste and pose a threat to the environment.

Rising stringent regulations on banning the usage of non-biodegradable plastics, particularly in Saudi Arabia and UAE are expected to fuel the Middle East bio-chemicals market growth. The ban on utilization of non-biodegradable plastics is expected to increase the use of bio-based plastics. For instance, in 2013, The Ministry of Environment and Water announced ban on the circulation and marketing of non-biodegradable plastic products. The ban also covers biodegradable plastic products, which are not registered within the Emirates Conformity Assessment System (ECAS).

Increasing focus of key players on business expansion is expected to propel the market growth in terms of revenue. For instance, in 2016, Clariant announced construction of new plant in Saudi Arabia. The facility is for manufacturing of bio-based polymers used in the packaging industry.

Key features of the study:      

  • This report provides in-depth analysis of the Middle East bio-chemicals market and provides market size (US$ Million & Kilo Tons (KT)) and compound annual growth rate (CAGR%) for the forecast period (2019-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the Middle East bio-chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study are BASF SE, Clariant A.G., Evonik Industries A.G., Total S.A., Cargill Inc., Biolive, Saudi Biodiesel, Saudi Bio-Acid Company, Sain Bag, and Neutral Fuels among others.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The Middle East bio-chemicals market report caters to various stakeholders in this industry including investors, suppliers, bio-chemicals manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the bio-chemicals market

 

Detailed Segmentation:

  • Middle East Bio-chemicals Market, By Product Type:
    • Bio-plastic
      • Bio-based Degradable
        • Polybutyrate Adipate Terephthalate (PBAT)
        • Polyhydroxyalkanoate(PHA)
        • Polybutylene Succinate (PBS)
        • Starch Blends
        • Polylactic Acid (PLA)
        • Others
      • Bio-based Non-degradable
        • Polyethylene (PE)
        • Polyamide (PA)
        • Polyethylene Terephthalate (PET)
        • Others
    • Bio-lubricants
      • Vegetable Oil
      • Mineral Oil
    • Bio-solvents
      • Glycerol
      • Ethanol
      • Ketone
      • Others
    • Bio-surfactants
    • Others
  • Middle East Bio-chemicals Market, By Application:
    • Chemical & Fertilizers
    • Food & Beverages
    • Pharmaceuticals
    • Paint & coatings
    • Automotive
    • Packaging
    • Personal Care & Cosmetics
    • Others
  • Middle East Bio-chemicals Market, By Country:
    • Saudi Arabia
      • By Product Type
        • Bio-plastic
        • Bio-based Degradable
          • Polybutyrate Adipate Terephthalate (PBAT)
          • Polyhydroxyalkanoate(PHA)
          • Polybutylene Succinate (PBS)
          • Starch Blends
          • Polylactic Acid (PLA)
          • Others
        • Bio-based Non-degradable
          • Polyethylene (PE)
          • Polyamide (PA)
          • Polyethylene Terephthalate (PET)
          • Others
        • Bio-lubricants
        • Bio-solvents
          • Glycerol
          • Ethanol
          • Ketone
          • Others
        • Bio-surfactants
        • Others
      • By Application:
        • Chemical & Fertilizers
        • Food & Beverages
        • Pharmaceuticals
        • Paint & Coatings
        • Automotive
        • Packaging
        • Personal Care & Cosmetics
        • Others
    • Qatar
      • By Product Type
        • Bio-plastic
        • Bio-based Degradable
          • Polybutyrate Adipate Terephthalate (PBAT)
          • Polyhydroxyalkanoate(PHA)
          • Polybutylene Succinate (PBS)
          • Starch Blends
          • Polylactic Acid (PLA)
          • Others
        • Bio-based Non-degradable
          • Polyethylene (PE)
          • Polyamide (PA)
          • Polyethylene Terephthalate (PET)
          • Others
        • Bio-lubricants
        • Bio-solvents
          • Glycerol
          • Ethanol
          • Ketone
          • Others
        • Bio-surfactants
        • Others
      • By Application:
        • Chemical & Fertilizers
        • Food & Beverages
        • Pharmaceuticals
        • Paint & Coatings
        • Automotive
        • Packaging
        • Personal Care & Cosmetics
        • Others
    • UAE
      • By Product Type
        • Bio-plastic
        • Bio-based Degradable
          • Polybutyrate Adipate Terephthalate (PBAT)
          • Polyhydroxyalkanoate(PHA)
          • Polybutylene Succinate (PBS)
          • Starch Blends
          • Polylactic Acid (PLA)
          • Others
        • Bio-based Non-degradable
          • Polyethylene (PE)
          • Polyamide (PA)
          • Polyethylene Terephthalate (PET)
          • Others
        • Bio-lubricants
        • Bio-solvents
          • Glycerol
          • Ethanol
          • Ketone
          • Others
        • Bio-surfactants
        • Others
      • By Application:
        • Chemical & Fertilizers
        • Food & Beverages
        • Pharmaceuticals
        • Paint & Coatings
        • Automotive
        • Packaging
        • Personal Care & Cosmetics
        • Others
    • Egypt
      • By Product Type
        • Bio-plastic
        • Bio-based Degradable
          • Polybutyrate Adipate Terephthalate (PBAT)
          • Polyhydroxyalkanoate(PHA)
          • Polybutylene Succinate (PBS)
          • Starch Blends
          • Polylactic Acid (PLA)
          • Others
        • Bio-based Non-degradable
          • Polyethylene (PE)
          • Polyamide (PA)
          • Polyethylene Terephthalate (PET)
          • Others
        • Bio-lubricants
        • Bio-solvents
          • Glycerol
          • Ethanol
          • Ketone
          • Others
        • Bio-surfactants
        • Others
      • By Application:
        • Chemical & Fertilizers
        • Food & Beverages
        • Pharmaceuticals
        • Paint & Coatings
        • Automotive
        • Packaging
        • Personal Care & Cosmetics
        • Others
    • Kuwait
      • By Product Type
        • Bio-plastic
        • Bio-based Degradable
          • Polybutyrate Adipate Terephthalate (PBAT)
          • Polyhydroxyalkanoate(PHA)
          • Polybutylene Succinate (PBS)
          • Starch Blends
          • Polylactic Acid (PLA)
          • Others
        • Bio-based Non-degradable
          • Polyethylene (PE)
          • Polyamide (PA)
          • Polyethylene Terephthalate (PET)
          • Others
        • Bio-lubricants
        • Bio-solvents
          • Glycerol
          • Ethanol
          • Ketone
          • Others
        • Bio-surfactants
        • Others
      • By Application:
        • Chemical & Fertilizers
        • Food & Beverages
        • Pharmaceuticals
        • Paint & Coatings
        • Automotive
        • Packaging
        • Personal Care & Cosmetics
        • Others
    • Rest of Middle East
      • By Product Type
        • Bio-plastic
        • Bio-based Degradable
          • Polybutyrate Adipate Terephthalate (PBAT)
          • Polyhydroxyalkanoate(PHA)
          • Polybutylene Succinate (PBS)
          • Starch Blends
          • Polylactic Acid (PLA)
          • Others
        • Bio-based Non-degradable
          • Polyethylene (PE)
          • Polyamide (PA)
          • Polyethylene Terephthalate (PET)
          • Others
        • Bio-lubricants
        • Bio-solvents
          • Glycerol
          • Ethanol
          • Ketone
          • Others
        • Bio-surfactants
        • Others
      • By Application:
        • Chemical & Fertilizers
        • Food & Beverages
        • Pharmaceuticals
        • Paint & Coatings
        • Automotive
        • Packaging
        • Personal Care & Cosmetics
        • Others
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Clariant A.G.
    • Evonik Industries A.G.
    • Cargill Inc.
    • Total S.A.
    • Biolive
    • Saudi Biodiesel
    • Saudi Bio-Acid Company
    • Sain Bag
    • Neutral Fuels

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER Analysis
      • Value Chain Analysis
      • Bio-based Chemicals Production Technology Analysis
      • Key Developments
      • Mergers and Acquisitions
      • List of Key Players
    • Cost Tier Down Analysis
  4. Middle East Bio-Chemicals Market, By Product Type, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Bio-plastics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
      • Sub-segment Trends
    • Bio-based Degradable
      • Polybutyrate Adipate Terephthalate (PBAT)
      • Polyhydroxyalkanoate(PHA)
      • Polybutylene Succinate (PBS)
      • Starch Blends
      • Polylactic Acid (PLA)
      • Others
    • Bio-based Non-degradable
      • Polyethylene (PE)
      • Polyamide (PA)
      • Polyethylene Terephthalate (PET)
      • Others
    • Bio-lubricants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
      • Sub-segment Trends
        • Vegetable Oil
        • Mineral Oil
    • Bio-solvents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
      • Sub-segment Trends
        • Glycerol
        • Ethanol
        • Ketone
        • Others
    • Bio-surfactants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
  5. Middle East Bio-Chemicals Market, By Application, 2017 - 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Chemicals & Fertilizers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Food & Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Paints & Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Personal Care & Cosmetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
  6. Middle East Bio-Based Chemicals Market, By Country, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Saudi Arabia
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Qatar
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • UAE
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Egypt
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Kuwait
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Rest of Middle East
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 – 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & KT)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Clariant A.G.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Saudi Biodiesel
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Saudi Bio-Acid Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sain Bag
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Neutral Fuels
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Evonik Industries A.G.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cargill, Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Total S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Biolive
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 58 market data tables* and 34 figures* on ‘Bio-chemicals Market' – Middle East forecast to 2027

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users