Adhesives and Sealants Procurement Report – Pricing, Trends, and Drivers by SpendEdge

LONDON–(BUSINESS WIRE)–#adhesives–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Adhesives
and Sealants Market 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 chemicals
industry. This report breaks down the data and analysis behind
the procurement of adhesives and sealants and acts as an all-inclusive
guide for making smart purchasing decisions.

“The increasing use of adhesives and sealants in the automobile
industry to replace traditional methods for processes like welding, and
nuts and bolts is contributing to the growth of the market,” says
SpendEdge procurement research analyst Angad Singh. “The global
adhesives and sealants industry is expanding steadily over the past five
years due to rapid developments in the end-user industries,” added Angad.

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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Report Insights

• The growing demand for adhesives and sealants globally can be
  attributed to the growing demand from end-use segments such as
  construction, and solar and wind power generation plants.Also since
  adhesives are an integral part of the packaging industry, its growth
  helps the overall adhesives and sealants market.
• The procurement managers should adopt systematic procurement practices
  and engage with suppliers that can provide cost-effective
  transportation of adhesives and sealants to obtain savings. The buyers
  should also sharpen their procurement skills and their knowledge about
  various freight charges in the industry to help them during the
  negotiation phase.
• The major challenge faced by buyers in this market is the lack of
  transparency on supplier's manufacturing processes which makes it
  difficult for buyers while procuring the products. As the products may
  not have been manufactured following environmental compliance and
  sustainability practices. It may also include other risk factors like
  interruptions in supply due to accidents at suppliers' manufacturing
  site.

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Global Adhesives and Sealants Market Pricing
Trends

The fixed-fee pricing model and spot pricing model are the two most
widely adopted pricing models in the adhesive and sealants industry.
Fixed-fee pricing model eliminates the need to monitor market rates
constantly which makes it easier for budget forecasting and planning, as
the prices of adhesives and sealants are fixed. The spot pricing model
provides buyers the opportunity to procure products at the most
cost-effective rates available by optimizing the time of purchase. Also,
the spot pricing model does not include any down payment for
procurement, which makes it ideal for buyers such as small construction
firms that are uncertain about their projects.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement 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.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]