Additional Info & Comments
"Market", "Segment", "Application", and "End use" are four levels of the market segmentation defined in CRM.
- Market: is the highest level and has been defined at group level. It is linked to consumers behavior that has been chosen to be strategic for the Solvay Group. It should be considered as an end-Market (e.g. Automotive)
- Segment: is the second level of market segmentation (see above). It represents functionalities (e.g. light weighting), based on Market's needs. In residual cases (e.g. Consumer Goods), describes categories of parts or goods regrouped by usage (e.g. food packaging)
- Application: is the third level of market segmentation. Defined as the subcategory of the "Segment" and represents a description of objects or chemicals that have a specific action/function (e.g. aroma, nutrient..)
- End use: is the lowest level of market segmentation. Defined as subcategory of "Application" and describes mainly objects manufactured by the direct customers (e.g. Camera: modules) or the main functionality of the product (e.g. moisturizing agent for shampoo)