Key Insights
Despite regulatory challenges and health concerns, the global asbestos market demonstrates a nuanced growth pattern. The historical period (2019-2024) likely experienced a contraction due to widespread bans and stringent regulations targeting asbestos-related diseases. However, demand persists in specific sectors, particularly in developing economies, where its cost-effectiveness and material properties remain advantageous. For the base year 2025, the market size is projected at $1.3 billion, indicating a stabilization. This equilibrium reflects declining demand in developed nations balanced against continued, cautious usage in emerging markets for essential applications like roofing and insulation, where affordable alternatives are scarce. The forecast period (2025-2033) anticipates modest growth, potentially fueled by infrastructure development in regions with less restrictive regulations. This expansion is projected to be gradual, heavily influenced by evolving regulatory landscapes and the availability of safer substitutes. The Compound Annual Growth Rate (CAGR) during this period is estimated at 10.6%, reflecting this tempered, gradual market increase amidst persistent negative perceptions and health risks.
Asbestos Market Market Size (In Billion)
The future trajectory of the asbestos market is contingent upon several critical factors. Stringent global regulatory enforcement and the innovation of cost-competitive, safe alternatives will significantly shape market dynamics. Increased public awareness regarding asbestos exposure risks is expected to further curb demand long-term. Market evolution will likely exhibit regional divergence, with developed nations continuing their decline while certain developing countries may see limited growth until economically viable alternatives are broadly accessible. Consequently, the long-term outlook for the asbestos market remains uncertain, facing substantial downside risk from intensifying regulatory pressures and the ongoing transition to safer building materials.
Asbestos Market Company Market Share
Deep Dive into the Asbestos Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the global Asbestos Market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this report illuminates market dynamics, growth drivers, challenges, and future opportunities. The report leverages rigorous research methodologies and data analysis to deliver actionable intelligence, projecting a market valued at xx Million by 2033.
Asbestos Market Structure & Innovation Trends
This section analyzes the competitive landscape of the asbestos market, focusing on market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user demographics, and mergers & acquisitions (M&A) activities. We delve into market share distribution among key players, examining the strategies employed by companies like BFAI LLC, Bharat Asbestos and Rubber Co, Chongqing Jincan Insulation Material Co Ltd, Kostanay Minerals JSC, Orenburg Minerals, PJSC Uralasbest, SAMA SA, and Unique Udyog (list not exhaustive). The report quantifies M&A activity by analyzing deal values and their impact on market consolidation. We also examine the influence of regulatory frameworks on market innovation and the emergence of substitute materials. The analysis will include a detailed examination of the market structure including the degree of concentration, the presence of any dominant players and the overall competitiveness of the market.
- Market Concentration: Analysis of market share held by top players.
- Innovation Drivers: Examination of technological advancements and their impact.
- Regulatory Landscape: Assessment of global and regional regulations impacting the market.
- Substitute Materials: Evaluation of the impact of alternative materials on market growth.
- End-User Demographics: Analysis of the end-user segments driving market demand.
- M&A Activity: Detailed analysis of M&A transactions with associated values.
Asbestos Market Dynamics & Trends
This section explores the key factors driving market growth, including technological advancements, changing consumer preferences, and competitive dynamics. We analyze the Compound Annual Growth Rate (CAGR) and market penetration rates for various segments. The impact of technological disruptions, emerging applications of asbestos, and evolving consumer preferences will be examined. A comprehensive overview of competitive dynamics, including pricing strategies and marketing approaches, will provide a clear picture of the market's trajectory.
- Market Growth Drivers: Detailed analysis of factors propelling market expansion.
- Technological Disruptions: Exploration of new technologies and their effect on the industry.
- Consumer Preferences: Analysis of evolving consumer needs and their influence on market demand.
- Competitive Dynamics: Examination of competitive strategies and their implications.
- CAGR and Market Penetration: Quantitative assessment of market growth and adoption rates.
Dominant Regions & Segments in Asbestos Market
This section identifies the leading regions and segments within the asbestos market. We provide a detailed analysis of factors contributing to regional dominance, including economic policies, infrastructure development, and regulatory frameworks. Key drivers for each dominant region and segment will be highlighted using bullet points. The reasons for the dominance of the leading region or segment will be discussed in detail.
- Leading Region/Country: Identification of the key geographical area driving market growth.
- Key Drivers:
- Economic Policies
- Infrastructure Development
- Regulatory Environment
- Consumer Demand
- Dominance Analysis: In-depth explanation of reasons behind regional/segment leadership.
Asbestos Market Product Innovations
This section summarizes recent product developments, highlighting technological trends and their market fit. We analyze the competitive advantages offered by new products and their impact on market share. Focus will be placed on any notable advancements in asbestos production or processing techniques.
Report Scope & Segmentation Analysis
This report provides a comprehensive segmentation of the asbestos market, analyzing various segments based on type, application, and geography. Each segment's growth projections, market size, and competitive dynamics will be explored.
- Segmentation by Type: Analysis of the various types of asbestos and their respective market shares.
- Segmentation by Application: Examination of the diverse applications of asbestos and their market potential.
- Segmentation by Geography: Regional breakdown of the market, including country-specific analysis.
Key Drivers of Asbestos Market Growth
This section outlines the key factors driving the growth of the asbestos market, encompassing technological advancements, favorable economic conditions, and supportive regulatory environments. Specific examples of these factors will be included.
Challenges in the Asbestos Market Sector
This section discusses the challenges and restraints facing the asbestos market, including regulatory hurdles, supply chain disruptions, and intense competition. The quantifiable impact of these challenges on market growth will be discussed.
Emerging Opportunities in Asbestos Market
This section highlights emerging trends and opportunities in the asbestos market, such as the development of new markets, innovative technologies, and evolving consumer preferences.
Leading Players in the Asbestos Market Market
- BFAI LLC
- Bharat Asbestos and Rubber Co
- Chongqing Jincan Insulation Material Co Ltd
- Kostanay Minerals JSC
- Orenburg Minerals
- PJSC Uralasbest
- SAMA SA
- Unique Udyog
- (List Not Exhaustive)
Key Developments in Asbestos Market Industry
- (Recent developments pertaining to the market studied will be covered in the complete report, with year/month specified for each)
Future Outlook for Asbestos Market Market
This section summarizes the growth accelerators and strategic opportunities in the asbestos market, providing a forecast of future market potential. The outlook will consider factors such as technological advancements, regulatory changes, and emerging applications.
Asbestos Market Segmentation
-
1. Type
- 1.1. Chrysotile
- 1.2. Amosite
- 1.3. Crocidolite
- 1.4. Anthophyllite
- 1.5. Tremolite
- 1.6. Actinolite
-
2. Application
- 2.1. Building Materials
- 2.2. Electrical Insulation
- 2.3. Friction Products
- 2.4. Packaging
- 2.5. Gaskets
- 2.6. Other Applications
Asbestos Market 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. United Kingdom
- 3.3. Italy
- 3.4. France
- 3.5. Rest of Europe
-
4. South America
- 4.1. Brazil
- 4.2. Argentina
- 4.3. Rest of South America
-
5. Middle East and Africa
- 5.1. Saudi Arabia
- 5.2. South Africa
- 5.3. Rest of Middle East and Africa
Asbestos Market Regional Market Share
Geographic Coverage of Asbestos Market
Asbestos Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 10.6% from 2020-2034 |
| 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. Application of Asbestos in Building Materials
- 3.3. Market Restrains
- 3.3.1. Application of Asbestos in Building Materials
- 3.4. Market Trends
- 3.4.1. Building Materials Application to Dominate the Market
- 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 Asbestos Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Chrysotile
- 5.1.2. Amosite
- 5.1.3. Crocidolite
- 5.1.4. Anthophyllite
- 5.1.5. Tremolite
- 5.1.6. Actinolite
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Building Materials
- 5.2.2. Electrical Insulation
- 5.2.3. Friction Products
- 5.2.4. Packaging
- 5.2.5. Gaskets
- 5.2.6. Other Applications
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Asia Pacific
- 5.3.2. North America
- 5.3.3. Europe
- 5.3.4. South America
- 5.3.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Asia Pacific Asbestos Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Chrysotile
- 6.1.2. Amosite
- 6.1.3. Crocidolite
- 6.1.4. Anthophyllite
- 6.1.5. Tremolite
- 6.1.6. Actinolite
- 6.2. Market Analysis, Insights and Forecast - by Application
- 6.2.1. Building Materials
- 6.2.2. Electrical Insulation
- 6.2.3. Friction Products
- 6.2.4. Packaging
- 6.2.5. Gaskets
- 6.2.6. Other Applications
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. North America Asbestos Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Chrysotile
- 7.1.2. Amosite
- 7.1.3. Crocidolite
- 7.1.4. Anthophyllite
- 7.1.5. Tremolite
- 7.1.6. Actinolite
- 7.2. Market Analysis, Insights and Forecast - by Application
- 7.2.1. Building Materials
- 7.2.2. Electrical Insulation
- 7.2.3. Friction Products
- 7.2.4. Packaging
- 7.2.5. Gaskets
- 7.2.6. Other Applications
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Asbestos Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Chrysotile
- 8.1.2. Amosite
- 8.1.3. Crocidolite
- 8.1.4. Anthophyllite
- 8.1.5. Tremolite
- 8.1.6. Actinolite
- 8.2. Market Analysis, Insights and Forecast - by Application
- 8.2.1. Building Materials
- 8.2.2. Electrical Insulation
- 8.2.3. Friction Products
- 8.2.4. Packaging
- 8.2.5. Gaskets
- 8.2.6. Other Applications
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. South America Asbestos Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Chrysotile
- 9.1.2. Amosite
- 9.1.3. Crocidolite
- 9.1.4. Anthophyllite
- 9.1.5. Tremolite
- 9.1.6. Actinolite
- 9.2. Market Analysis, Insights and Forecast - by Application
- 9.2.1. Building Materials
- 9.2.2. Electrical Insulation
- 9.2.3. Friction Products
- 9.2.4. Packaging
- 9.2.5. Gaskets
- 9.2.6. Other Applications
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Middle East and Africa Asbestos Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Chrysotile
- 10.1.2. Amosite
- 10.1.3. Crocidolite
- 10.1.4. Anthophyllite
- 10.1.5. Tremolite
- 10.1.6. Actinolite
- 10.2. Market Analysis, Insights and Forecast - by Application
- 10.2.1. Building Materials
- 10.2.2. Electrical Insulation
- 10.2.3. Friction Products
- 10.2.4. Packaging
- 10.2.5. Gaskets
- 10.2.6. Other Applications
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 BFAI LLC
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Bharat Asbestos and Rubber Co
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Chongqing Jincan Insulation Material Co Ltd
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Kostanay Minerals JSC
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Orenburg Minerals
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 PJSC Uralasbest
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 SAMA SA
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Unique Udyog*List Not Exhaustive
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.1 BFAI LLC
List of Figures
- Figure 1: Global Asbestos Market Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: Asia Pacific Asbestos Market Revenue (billion), by Type 2025 & 2033
- Figure 3: Asia Pacific Asbestos Market Revenue Share (%), by Type 2025 & 2033
- Figure 4: Asia Pacific Asbestos Market Revenue (billion), by Application 2025 & 2033
- Figure 5: Asia Pacific Asbestos Market Revenue Share (%), by Application 2025 & 2033
- Figure 6: Asia Pacific Asbestos Market Revenue (billion), by Country 2025 & 2033
- Figure 7: Asia Pacific Asbestos Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: North America Asbestos Market Revenue (billion), by Type 2025 & 2033
- Figure 9: North America Asbestos Market Revenue Share (%), by Type 2025 & 2033
- Figure 10: North America Asbestos Market Revenue (billion), by Application 2025 & 2033
- Figure 11: North America Asbestos Market Revenue Share (%), by Application 2025 & 2033
- Figure 12: North America Asbestos Market Revenue (billion), by Country 2025 & 2033
- Figure 13: North America Asbestos Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Asbestos Market Revenue (billion), by Type 2025 & 2033
- Figure 15: Europe Asbestos Market Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe Asbestos Market Revenue (billion), by Application 2025 & 2033
- Figure 17: Europe Asbestos Market Revenue Share (%), by Application 2025 & 2033
- Figure 18: Europe Asbestos Market Revenue (billion), by Country 2025 & 2033
- Figure 19: Europe Asbestos Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: South America Asbestos Market Revenue (billion), by Type 2025 & 2033
- Figure 21: South America Asbestos Market Revenue Share (%), by Type 2025 & 2033
- Figure 22: South America Asbestos Market Revenue (billion), by Application 2025 & 2033
- Figure 23: South America Asbestos Market Revenue Share (%), by Application 2025 & 2033
- Figure 24: South America Asbestos Market Revenue (billion), by Country 2025 & 2033
- Figure 25: South America Asbestos Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Middle East and Africa Asbestos Market Revenue (billion), by Type 2025 & 2033
- Figure 27: Middle East and Africa Asbestos Market Revenue Share (%), by Type 2025 & 2033
- Figure 28: Middle East and Africa Asbestos Market Revenue (billion), by Application 2025 & 2033
- Figure 29: Middle East and Africa Asbestos Market Revenue Share (%), by Application 2025 & 2033
- Figure 30: Middle East and Africa Asbestos Market Revenue (billion), by Country 2025 & 2033
- Figure 31: Middle East and Africa Asbestos Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Asbestos Market Revenue billion Forecast, by Type 2020 & 2033
- Table 2: Global Asbestos Market Revenue billion Forecast, by Application 2020 & 2033
- Table 3: Global Asbestos Market Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Global Asbestos Market Revenue billion Forecast, by Type 2020 & 2033
- Table 5: Global Asbestos Market Revenue billion Forecast, by Application 2020 & 2033
- Table 6: Global Asbestos Market Revenue billion Forecast, by Country 2020 & 2033
- Table 7: China Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: India Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 9: Japan Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 10: South Korea Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 11: Rest of Asia Pacific Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 12: Global Asbestos Market Revenue billion Forecast, by Type 2020 & 2033
- Table 13: Global Asbestos Market Revenue billion Forecast, by Application 2020 & 2033
- Table 14: Global Asbestos Market Revenue billion Forecast, by Country 2020 & 2033
- Table 15: United States Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Canada Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: Mexico Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: Global Asbestos Market Revenue billion Forecast, by Type 2020 & 2033
- Table 19: Global Asbestos Market Revenue billion Forecast, by Application 2020 & 2033
- Table 20: Global Asbestos Market Revenue billion Forecast, by Country 2020 & 2033
- Table 21: Germany Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: United Kingdom Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Italy Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: France Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 25: Rest of Europe Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 26: Global Asbestos Market Revenue billion Forecast, by Type 2020 & 2033
- Table 27: Global Asbestos Market Revenue billion Forecast, by Application 2020 & 2033
- Table 28: Global Asbestos Market Revenue billion Forecast, by Country 2020 & 2033
- Table 29: Brazil Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 30: Argentina Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 31: Rest of South America Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Global Asbestos Market Revenue billion Forecast, by Type 2020 & 2033
- Table 33: Global Asbestos Market Revenue billion Forecast, by Application 2020 & 2033
- Table 34: Global Asbestos Market Revenue billion Forecast, by Country 2020 & 2033
- Table 35: Saudi Arabia Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 36: South Africa Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
- Table 37: Rest of Middle East and Africa Asbestos Market Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asbestos Market?
The projected CAGR is approximately 10.6%.
2. Which companies are prominent players in the Asbestos Market?
Key companies in the market include BFAI LLC, Bharat Asbestos and Rubber Co, Chongqing Jincan Insulation Material Co Ltd, Kostanay Minerals JSC, Orenburg Minerals, PJSC Uralasbest, SAMA SA, Unique Udyog*List Not Exhaustive.
3. What are the main segments of the Asbestos Market?
The market segments include Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.3 billion as of 2022.
5. What are some drivers contributing to market growth?
Application of Asbestos in Building Materials.
6. What are the notable trends driving market growth?
Building Materials Application to Dominate the Market.
7. Are there any restraints impacting market growth?
Application of Asbestos in Building Materials.
8. Can you provide examples of recent developments in the market?
Recent developments pertaining to the market studied will be covered in the complete report.
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 billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asbestos Market," 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 Asbestos Market 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 Asbestos Market?
To stay informed about further developments, trends, and reports in the Asbestos Market, 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