Global Plastic Resins Category - Procurement Market Intelligence Report

Global Plastic Resins Category - Procurement Market Intelligence Report

  • May 2019 •
  • 109 pages •
  • Report ID: 5176202 •
  • Format: PDF
About Plastic Resins Market
Plastic resins are long-chain chemical compounds that are formed by one or more monomers such as ethylene, chloride, or propylene. These monomers are derived from oil, gas, or bio-based sources. To produce plastic resins, hydrocarbons are heated and separated into individual molecules through a process called cracking. They function as the basic raw materials that can be molded into different types of plastic products. Different forms of plastic resin can be obtained by changing the chemical composition or by using additives to obtain the desired shape. The spend momentum of this category is attributed to the increasing adoption of engineering plastic owing to its properties such as lightweight, high strength, and high resistance to high temperatures as part from its anti-corrosive properties.

Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Plastic Resins Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

The report, Global Plastic Resins Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver
• Increase in investments in the construction industry
• For a full, detailed list, view our report
Category management strategy
• Evaluation of supplier performance on the basis of their TAT and billing efficacy.
• For a full, detailed list, view our report

Procurement best practices
• Engage with suppliers that offer green initiatives across the supply chain
• For a full, detailed list, view our report

Key questions answered in this report
• What are the market dynamics?
• What are the key market trends?
• What are the category growth drivers?
• What are the constraints on category growth?
• Who are the suppliers in this market?
• What are the demand-supply shifts?
• What are the major category requirements?
• What are the procurement best practices in this market?

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