Polystyrene Market Procurement Research – Pricing and Forecast by SpendEdge

LONDON–(BUSINESS WIRE)–#chemicalindustry–Global procurement market intelligence advisory firm, SpendEdge,
has announced the release of their ‘ Polystyrene
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 polystyrene and acts as an all-inclusive guide for
making smart purchasing decisions.

“Polystyrene has applications across multiple industries such as food
services, electronics and appliances, and building and construction,”
says SpendEdge procurement research analyst Anil Seth. “Increasing
dependence on polystyrene, mainly as a packaging plastic, across sectors
such as food packaging, consumer electronics, domestic appliance, and
construction materials has fueled the growth of the polystyrene market,”
added Anil.

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Report Insights

• The increase in demand for cost-effective plastics, resins, and
  adhesives propels the market growth. Factors such as an increase in
  demand for plastics in the automotive industry, augmentation in demand
  for polystyrene sheet across the HVAC industry, and greater spend on
  packaged food by larger demographics has fueled the market growth.
• Procurement managers must collaborate with suppliers that have
  production facilities for environmental clearance to ensure regular
  supply of polystyrene and mitigate any risk arising from
  non-compliance with these regulations.
• Many purchasing managers worldwide source polystyrene from low-cost
  countries, especially in APAC. However, it has been observed that
  there is a huge variation in the quality of industrial facilities
  across the chemical manufacturing facilities in these regions. A
  substantial number of production facilities use obsolete equipment for
  manufacturing polystyrene, which negatively influenced the quality of
  polystyrene produced.

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Polystyrene Pricing Trends

The volume-based pricing is most adopted in the global polystyrene
market. This pricing offers provision for large discounts due to
contracts for bulk purchases and enables higher predictability of costs
compared with other listed pricing models.

However, market pricing has high potential and will gain adoption level
in the forecast period. This pricing model helps purchasing managers to
procure materials at competitive prices. Moreover, suppliers may choose
to offer value-added services at discounted prices to attract and retain
existing clientele.

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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]