LONDON--(BUSINESS WIRE)--Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their 'Oleochemicals Procurement 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 agro commodities and raw materials industry. This report breaks down the data and analysis behind the procurement of oleochemicals and acts as an all-inclusive guide for making smart purchasing decisions.
"Increasing consumer demand for soaps, detergents, and personal care products is fueling the market growth," says SpendEdge procurement research analyst A Kowshik. "The personal care industry that includes soaps and detergents is the fastest growing industry, which is driving the demand for oleochemicals," added Kowshik.
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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- Growing demand for oleochemicals in the production of biopolymers and bio-lubricants due to their biodegradability and the increasing demand for eco-friendly chemicals that can replace petrochemicals fuel the market growth. Also, increasing need to reduce carbon footprint due to growing stringency of environmental regulations has also increased the adoption of oleochemicals.
- Purchasing managers must consider engaging with suppliers that have strong R&D and innovation capabilities. This will help them gain access to enhanced/improved grades of oleochemicals, improve the performance of end-user applications, and obtain cost savings via automation and improvements in production processes.
- The production of oleochemicals involves the use of chemicals and additives that may not be permitted in end-use segments such as personal care and food and beverage. Also, as regulations vary across different regions, purchasing managers find it difficult to evaluate the adherence of suppliers to varying regulations. Non-compliance may result in hefty penalties and fines.
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Oleochemicals Pricing Trends
The volume-based pricing is the most widely spread pricing model in the global oleochemicals market. This model optimizes costs and risk of the buyer against volatility in market prices for raw materials as buyers can fix the price over the duration of the contract. Furthermore, the purchasing managers are assured of consistent product supply and availability of the product during demand-supply fluctuations.
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