Oleochemicals Procurement Research – Pricing and Forecast by SpendEdge

LONDON–(BUSINESS WIRE)–#Oleochemicals–Global procurement market intelligence advisory firm, SpendEdge,
has announced the release of their 'Oleochemicals
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 agro
commodities and raw materials industry. This report breaks down
the data and analysis behind the procurement of oleochemicals and acts
as an all-inclusive guide for making smart purchasing decisions.

"Increasing consumer demand for soaps, detergents, and personal care
products is fueling the market growth," says SpendEdge procurement
research analyst A Kowshik. "The personal care industry that includes
soaps and detergents is the fastest growing industry, which is driving
the demand for oleochemicals," added Kowshik.

Key Report Features

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Report Insights

• Growing demand for oleochemicals in the production of biopolymers and
  bio-lubricants due to their biodegradability and the increasing demand
  for eco-friendly chemicals that can replace petrochemicals fuel the
  market growth. Also, increasing need to reduce carbon footprint due to
  growing stringency of environmental regulations has also increased the
  adoption of oleochemicals.
• Purchasing managers must consider engaging with suppliers that have
  strong R&D and innovation capabilities. This will help them gain
  access to enhanced/improved grades of oleochemicals, improve the
  performance of end-user applications, and obtain cost savings via
  automation and improvements in production processes.
• The production of oleochemicals involves the use of chemicals and
  additives that may not be permitted in end-use segments such as
  personal care and food and beverage. Also, as regulations vary across
  different regions, purchasing managers find it difficult to evaluate
  the adherence of suppliers to varying regulations. Non-compliance may
  result in hefty penalties and fines.

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the report snapshot before purchasing

Oleochemicals Pricing Trends

The volume-based pricing is the most widely spread pricing model in the
global oleochemicals market. This model optimizes costs and risk of the
buyer against volatility in market prices for raw materials as buyers
can fix the price over the duration of the contract. Furthermore, the
purchasing managers are assured of consistent product supply and
availability of the product during demand-supply fluctuations.

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