LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Epoxy Resins 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 of the chemicals industry. This report breaks down the data and analysis behind the procurement of epoxy resins and acts as an all-inclusive guide for making smart purchasing decisions.
“The global demand for epoxy resins is on the rise due to its favorable properties in industrial applications such as paints and coatings, adhesives, electrical laminates, and composite materials,” says lead SpendEdge procurement analyst Angad Singh. “The growing demand from end-user industries and the increasing R&D activities by major suppliers to improve epoxy resin reactivity for superior performance will increase growth prospects for the market,” added Angad.
Key Report Features |
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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 Highlights
- In 2015, APAC accounted for the highest share of the global epoxy resins market and was forecasted to grow swiftly over the forecast period, due to the increasing urbanization and industrialization in this region.
- Buyers should have a list of pre-qualified suppliers to save on supplier screening costs and standardize the contract terms.
- Suppliers need to adhere to the regulatory norms, and buyers need to enter into SLA clauses with the suppliers to mitigate supply risks.
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Epoxy Resins Pricing Trends
The epoxy resin suppliers provide the buyers with the fixed fee pricing model and the spot pricing model. The spot pricing model is currently witnessing rising adoption as it provides better transparency by accounting the variable costs of production thereby enabling the buyers to capitalize on market fluctuations by optimizing the time of purchase.
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About SpendEdge
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.