LONDON--(BUSINESS WIRE)--SpendEdge has been monitoring the global caustic soda market and the market is poised to experience spend growth of more than USD 9 billion between 2019-2024 at a CAGR of over 4% during the forecast period. Request Free Sample Pages.
Read the 130-page research report with TOC and LOE on "The Global Caustic Soda Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”
Growing concerns over the adverse impacts on the environment have compelled governments across geographies to issue mandates on the adoption of membrane cell technology for the manufacturing of caustic soda. Leveraging this technology, suppliers are being able to produce high-quality products while reducing the quantity of mercury-containing wastes, as these can be harmful to humans and the environment. This is acting as one of the chief spend growth drivers in the global caustic soda market. However, the gradual decline in the demand for chlorine from the PVC industry is resulting in a subsequent dip in the production of caustic soda which is exerting a negative impact on the prospects of growth in the caustic soda market.
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The Top Caustic Soda Suppliers Enlisted in this Report:
Compliance cost will act as a major cost component in caustic soda supplier’s cost structure. This cost is related to the upgrading of caustic soda production facilities to adhere to environmental laws. To compensate for this expenditure, caustic soda suppliers tend to pass on this expense to buyers. Considering its probability, this report has listed the top caustic soda suppliers, SLA agreement insights, and the selection and negotiation strategies that buyers must undertake to achieve optimal and cost-effective procurement in this market.
Solvay- Solvay is in partnership with Ecole polytechnique fédérale de Lausanne to utilize the latter's expertise in chemistry, quantum modeling, and machine learning. This helps Solvay to study complex chemical reactions from a different angle, whereas Solvay modeling only helps to identify the best potential composites and manage costs.
PPG Industries- Buyers should engage with this supplier through global contracts that cover all their chemical requirements, as this will enable them to save overall procurement costs. It will reduce management effort and complexity associated with the management of multiple suppliers for different chemical requirements. For instance, buyers from the pulp and paper industry should engage with suppliers that have a portfolio of the entire range of chemicals used in every stage of the manufacturing processes of pulp and paper.
SABIC- Buyers are advised to adopt the volume-based pricing model while negotiating with this supplier. This pricing model allows buyers to negotiate for discounts based on bulk volumes of purchase and eases price comparison between various suppliers.
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Some of the key topics covered in this report are:
- Caustic soda market spend segmentation by region
- Caustic soda supply market analysis
- Regional spend opportunity for caustic soda suppliers
- Caustic soda suppliers cost structure
- Total cost of ownership analysis in the caustic soda market
- Caustic soda pricing models analysis
- Category management objectives
- Cost saving opportunities in the caustic soda market
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