Global Benzene Category - Procurement Market Intelligence Report
About Benzene Market
According to SpendEdge analysts, one of the key growth contributors for the global benzene market is the increase in the demand from the polyester industry, where styrene monomer is used for manufacturing textiles.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Benzene Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Benzene 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.
SpendEdge Announces the Publication of its Procurement Research Report – Global Benzene Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Benzene Category - Procurement Market Intelligence Report: ExxonMobil, Royal Dutch Shell, CNPC, Sinopec, and Total.
Commenting on the report, an analyst from SpendEdge said: “Buyers must engage with suppliers that offer training support to meet the goal of zero discharge of hazardous chemicals. Suppliers should ensure that adequate training support is provided to personnel.”
According to the report, one of the key growth contributors for the global benzene market is the increase in the demand from the polyester industry, where styrene monomer (a derivative of benzene) is used for manufacturing textiles.
Further, the report states that a major procurement challenge faced by the buyers are the challenges in understanding cost-saving opportunities in suppliers' supply chain. The buyers must engage in strategic partnerships with preferred suppliers to counter this specific procurement pain point.
ExxonMobil, Royal Dutch Shell, CNPC, Sinopec, and Total.
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