LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Methanol Market - Procurement Intelligence Report.
The increasing production capacity of suppliers on a global scale will play a major role in driving the spend growth in the global methanol market during the forecast period. Post the removal of the US-led sanctions from Iran, foreign investments are flowing into the country to leverage one of the largest repositories of methanol located in the region. This will have a positive impact on the overall spend growth in the methanol market. Buyers are gradually shifting their preference towards cleaner fuel to reduce their environmental footprint. This will result in substantial demand growth of bio-methanol, a category segment which is currently accounting for growth at a CAGR of almost 25%. This will further contribute to the spend momentum of the methanol market during the forecast period. Download the free sample copy of this methanol market procurement intelligence report.
APAC is accounting for a significant contribution to the spend growth in the global methanol market. This spend growth is a direct impact of the rapid industrialization which is paving the way for the emergence of scores of end-user industries such as automotive, plastics, and packaging, where methanol is widely used. In the US, the discovery of large reserves of shale gas in the Gulf Coast region will drive the demand for methanol which is used in gasoline to produce new blends and as an energy source.
This methanol market procurement intelligence report offers a comprehensive analysis of the major cost drivers and its subsequent impact on the overall pricing. Current methanol suppliers market forecasts and the spend opportunities for the suppliers are also offered in this report. In this report, the category spend is analyzed from the perspective of the buyers and the suppliers.
Want personalized information? Request a free customization of the procurement intelligence report on the methanol market here!
“Buyers can also realize their cost saving goals by partnering with suppliers who can advise them on determining the optimum inventory levels of methanol that need to be stored at their facilities,” says SpendEdge procurement expert Sumit Yadav.
This methanol market procurement intelligence report has estimated that the following cost drivers will influence the category growth in the following years:
- High demand for formaldehyde will drive the category demand
- Volatility in raw material prices will influence category price growth
- Buy the full methanol market procurement intelligence report here!
SpendEdge is now offering limited-time discounts on report purchases. Buy two reports and get the third one for free.
SpendEdge’s procurement market intelligence reports for the chemicals category provide detailed supply market forecasts and information on cost drivers that impact category growth. Such information will help procurement managers as well as the suppliers to determine the total cost of ownership and change their procurement strategies accordingly. Additionally, SpendEdge’s reports provide category management insights and information on the procurement best practices for the category.
Report scope snapshot: Methanol
US market insights
- Supplier cost structure in the US
- Margins of methanol suppliers in the US
- Category cost drivers
- Interested to know more about the scope of our procurement intelligence reports? Download a FREE sample
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
- Want customized information from the methanol market procurement intelligence report? Get in touch
- Competitiveness index for suppliers
- Buyer power
- Supplier power score
- To view the table of contents of this procurement intelligence report, Download a FREE sample
Do you purchase multiple reports in a year? Our subscription platform, SpendEdge Insights, provides ready-to-use procurement research reports for multiple categories. Now access latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 7-day FREE trial now.
- Global SLA Resin Category - Procurement Market Intelligence Report
- Global Industrial Ethanol Category - Procurement Market Intelligence Report
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal