Myristic Acid Procurement Report– Procurement Best Practices and Sustainability Practices by SpendEdge

April 5, 2018

LONDON–(BUSINESS WIRE)–#chemicalsindustry—SpendEdge,
a global procurement intelligence advisory firm, has announced the
release of their ‘Myristic
Acid 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 myristic acid and acts as an all-inclusive guide for
making smart purchasing decisions.

“The relentless growth in end-user industries such as processed
foods, personal care, and cosmetic products is likely to drive the
growth of myristic acid,” says SpendEdge procurement analyst Tridib
Bora. “APAC has the largest market both in terms of production and
consumption, owing to the increased demand from processed food and
pharmaceutical industries.,” added Tridib.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Myristic
Acid Market:

Vertical integration by supply base
Extensive use of myristic acid as adhesive and sealant chemical
Complete fatty acid offerings by suppliers

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the report snapshot before purchasing

Vertical integration by supply base:

In the recent years, the suppliers in the category are increasingly
adopting vertical integration within their supply chain, owing to its
benefits such as the assurance of supply, customization, reduction in
costs. The buyers also gain numerous benefits because of high assurance
of supply.

Extensive use of myristic acid as adhesive and sealant chemical

Owing to its benefits such as high cohesive strength and bonding, the
myristic acid is extensively used as adhesives and sealants. Also, the
cost associated with the acid is comparatively low as compared to other
sealants.

Complete fatty acid offerings by suppliers

Globally, the suppliers provide a complete range of fatty acid to buyers
based on the buyers’ requirements. Also, the buyers in the market are
involved in bulk procurement to achieve substantial cost savings.

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our report snapshot to gain detailed insights into the current
market trends.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market 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
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]