Plastic resins are long-chain chemical compounds that are formed by one or more monomers such as ethylene, chloride, or propylene. These monomers are derived from oil, gas, or bio-based sources. To produce plastic resins, hydrocarbons are heated and separated into individual molecules through a process called cracking. They function as the basic raw materials that can be molded into different types of plastic products. Different forms of plastic resin can be obtained by changing the chemical composition or by using additives to obtain the desired shape. The spend momentum of this category is attributed to the increasing adoption of engineering plastic owing to its properties such as lightweight, high strength, and high resistance to high temperatures as part from its anti-corrosive properties.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Plastic Resins Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Plastic Resins Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Plastic Resins Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Plastic Resins Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Increase in investments in the construction industry
Category management strategy
- Evaluation of supplier performance on the basis of their TAT and billing efficacy.
Procurement best practices
- Engage with suppliers that offer green initiatives across the supply chain
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report.
Table of Contents
PART 01: Executive Summary
PART 02: Market Insights
PART 03: Category Pricing Insights
PART 04: Cost-Saving Opportunities
PART 05: Best Practices
PART 06: Category Ecosystem
PART 07: Category Management Strategy
PART 08: Category Management Enablers
PART 09: Suppliers Selection
PART 10: Suppliers Under Coverage
PART 11: US Market Insights
PART 12: Category Definition
PART 13: Appendix
List of Exhibits:
Executive Summary
The following companies are recognised as the key suppliers in the Global Plastic resins Category - Procurement Market Intelligence Report: BASF, Dow, LyondellBasell, Covestro, Celanese, INEOS.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to collaborate with suppliers to forecast demand volume and provide them with the necessary information to ensure a consistent supply.”
According to the report, one of the key growth contributors for the global plastic resins market is the increasing demand for engineering plastic which registered a spend of about USD 76.09 billion last year.
Further, the report states that one of the key category management strategies for the buyers in the global plastic resins market is to engage with suppliers that are vertically integrated with in-house production of crude oil as this gives them supply assurance
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- BASF
- Dow
- LyondellBasell
- Covestro
- Celanese
- INEOS.
Methodology
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