Polyols Procurement Intelligence 2030 : Polyols Category To Is Expected To Expand At A CAGR Of 7.5%
Polyols Procurement Intelligence
The procurement of polyols typically involves sourcing these versatile compounds, which are primarily used in the production of various materials like polyurethane foams, coatings, and adhesives. The global polyols market is predicted to grow at a CAGR of 7.5% from 2024 to 2030.
Key factors driving the growth of this industry include growing demand from the construction industry, rise in automotive production, expanding furniture and bedding sector, increasing use in packaging applications, and rising demand for sugar substitutes. Some of the major trends in the market include a rise in demand for bio-based polyols, growing emphasis on sustainability practices, increasing usage of customized or specialty polyols, and a surge in collaborative partnerships among suppliers. For instance, Cargill Inc. offers bio-based polyether polyols named as “BiOH Polyols” derived from natural oils such as soybean oils. Such products have proven to be a sustainable alternative to conventional petroleum-based polyols as they have a lower environmental impact.
Order your copy of the Polyols category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Polyols Procurement Intelligence Report Scope
The Polyols category is expected to have pricing growth outlook of 5% - 10% increase (Annually), with below pricing models.
- Cost-plus pricing, Competition based pricing, Volume-based pricing, Demand-based pricing
Supplier Selection Scope of Report
- Cost and pricing, Past engagements, Productivity, Geographical presence
Supplier selection criteria of Report
- Geographical service provision, industries served, years in service, employee strength, revenue generated, regulatory certifications, key clientele, material type, end-product, sustainable product offerings, customer service, supply chain reliability, lead time, and others
Polyols Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Polyols Procurement Cost and Supplier Intelligence
Raw materials, labor, energy and equipment, packaging, and distribution are some of the key costs associated with the production of the commodity. Other cost components involve compliance, R&D, rent, sales and marketing, general and administration, and taxes. Raw materials and labor embrace the largest segment of the cost structure. Key suppliers usually deploy the cost-plus pricing model for pricing their products. Key reasons affecting product prices include fluctuations in the prices of raw materials such as propylene oxide, dicarboxylic acid, ethylene oxide, and glycerine.
Other reasons include variations in labor costs, deviations in equipment and energy costs, and geographic location. For instance, in February 2024, the price of propylene oxide in the U.S. stood at USD 1.34/KG, 0.8% up from January 2024. On a similar note, prices of propylene oxide in Europe in February 2024 were USD 1.63/KG, 1.9% up as compared to the previous month. In Q4 2023, polyol prices in North America witnessed a bearish trend due to low demand and slow-moving manufacturing activities among the downstream sectors such as polyurethane.
List of Key Suppliers
- BASF SE
- Cargill Incorporated
- Covestro AG
- Huntsman Corporation
- PCC SE
- Repsol S.A.
- Shell plc
- Sinopec Group
- Solvay S.A.
- The Dow Chemical Company
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
- Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
- Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
- Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
- A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
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- Loyalty Programs Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
- Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
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