SpendEdge Releases Procurement Market Research Report for the Plasticizers Market

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Plasticizers Procurement Market Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of plasticizers and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Plasticizers Procurement Market Intelligence Report (Graphic: Business Wire)

Global Plasticizers Procurement Market Intelligence Report (Graphic: Business Wire)

“The growth of the global construction industry is leading to higher consumption of products such as pipes, adhesives and sealants, and cables and wires,” says SpendEdge procurement analyst Angad Singh. “This is leading to the market growth for plasticizers as it is the key raw material in manufacturing these products,” added Angad.

Key Report Features

Supply Market Insights       Negotiation Strategies
Procurement Best Practices       Category Risk Analysis
Cost Saving Opportunities       Key Supplier Analysis
Pricing Models       Supplier Capability Matrix

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Report Insights

  • Plasticizers are essentially used in the PVC industry to provide flexibility to PVC products, and the demand for it is experiencing a robust increase. The PVC market is experiencing steady growth, and the trend is expected to continue as flexible PVC is the fastest growing segment of the overall PVC market, which is expected to lead to greater consumption of plasticizers globally.
  • Buyers are shifting from phthalate plasticizers due to environmental and health concerns. However, shortage in supply and the high cost of non-phthalate plasticizers have slowed down the transition. Procurement professionals prefer engaging with suppliers that can assist them in smooth transitioning to non-phthalate products. help them in smooth transitioning. This includes systematic withdrawal of phthalic plasticizers and increase in usage of non-phthalic plasticizers, which needs to be conducted systematically while optimizing inventories.
  • Purchasing managers are shifting to non-phthalate plasticizers such as TOTM, epoxy, and adipates, owing to the need to address health concerns related to the use of phthalate plasticizers such as DOP. Moreover, regions such as Europe and North America have recently enacted the ban on the use of phthalate plasticizers. However, prices of alternatives such as TOTM are higher than DOP posing a challenge to non-phthalate plasticizers.

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Plasticizers Pricing Trends

Volume-based pricing and spot pricing are the two most widely accepted pricing models in the plasticizers market across the globe. Volume-based pricing model helps purchasing managers stabilize their operating budgets, as it involves estimation of costs of raw materials. It is also easier for to estimate operating costs for a fiscal year and helps them maintain a constant supply of raw materials in their inventories. However, spot pricing model help purchasing managers to gain benefits of sudden drops in prices of raw materials and helps them procure in varying quantities depending on requirement.

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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.