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Global Hydrochloric Acid Category - Procurement Market Intelligence Report

Global Hydrochloric Acid Category - Procurement Market Intelligence Report

About Hydrochloric Acid Market

Hydrochloric acid is a chemical formed by dissolving hydrogen chloride gas in water. It also forms a critical constituent of the gastric fluids found in the human body. Some of the other key end-use of the hydrochloric acid include regulation of pH levels in medications and consumables, purification of table salt, tanning of leather, and regeneration of ion exchangers. Growth in construction and automotive manufacturing globally is expected to drive demand for steel and in turn the demand for hydrochloric acid from the steel production industry.

Covered in this report The report provides actionable insights to improve source-to-contract cycle performance in the Global Hydrochloric Acid 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 Hydrochloric Acid 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

  • The rise in demand from oil and gas industry
  • For a full, detailed list, view our report
Category management strategy
  • Identify cost-saving opportunities based on value-additions and procurement volumes
  • For a full, detailed list, view our report
Procurement best practices
  • Engage with the same supplier over an extended period of time
  • 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?


PRESS RELEASE

SpendEdge Announces the Publication of its Procurement Research Report – Global Hydrochloric Acid Category - Procurement Market Intelligence Report 2018-2022.

SpendEdge recognizes the following companies as the key suppliers in the Global Hydrochloric Acid Category - Procurement Market Intelligence Report: BASF, Kemira, Occidental, Westlake, Grasim, Thermo Fisher, Olin, Merck KGaA, Shin-Etsu, and Covestro.

Commenting on the report, an analyst from SpendEdge said: “One of the procurement best practices for buyers is to invite competitive bids from multiple potential suppliers to meet their HCl requirement.”

According to the report, one of the key growth contributors to the global hydrochloric acid market is the rising private sector investments in the infrastructure construction industry.

PART 01: Executive Summary
PART 02: Market Insights
Global category spend
Category spend growth
Spend segmentation by region
Regional spend dynamics
Regional influence on global spend
Regional spend opportunity for suppliers
PART 03: Category Pricing Insights
Pricing outlook
Supplier cost structure
Outlook for input costs
Total cost of ownership analysis
Overview of pricing models
Comparison of pricing models
Supply chain margins
Cost drivers impacting pricing
Volume drivers impacting pricing
PART 04: Cost-Saving Opportunities
Supplier-side levers
Buyer-side levers
Quantifying cost-saving opportunities
Quantifying cost savings by negotiation strategies
PART 05: Best Practices
Innovation and success stories
Procurement excellence best practices
Procurement best practices
Sustainability practices
PART 06: Category Ecosystem
Market favorability index for suppliers
Competitiveness index for suppliers
Buyer power
Supplier power
Threat of new entrants
Threat of substitutes
Buyer ecosystem
Supplier ecosystem
PART 07: Category Management Strategy
Category management objectives
Supplier and buyer KPIs
Outsourcing category management activities
Risk management
PART 08: Category Management Enablers
Procurement organization
Category enablers
PART 09: Suppliers Selection
RFx Essentials
Supplier selection criteria
Service Level Agreement
Incumbent supplier evaluation metrics
PART 10: Suppliers Under Coverage
Overview
Supplier positioning
Profile: AMADA MACHINE TOOLS (part of Amada holding)
Profile: 3M
Profile: JTEKT Toyoda Americas (part of JTEKT Corporation)
Profile: DANOBATGROUP
Profile: Kellenberger (part of Hardinge)
Profile: Okuma
PART 11: US Market Insights
Category spend in the US
Price outlook
Supplier cost structure in the US
Margins of suppliers in the US
Category cost drivers
Category volume drivers
Overview of best practices in the US
Procurement best practices in the US
US supply market overview
Supplier positioning for the US
Regional category risks
PART 12: Category Definition
Category hierarchy
Category scope
Category map
PART 13: Appendix
List of abbreviations
Key notes
List of Exhibits
Global category spend (2017-2022)
Category spend growth (2017-2022)
Regional spend dynamics
Regional spend dynamics
Comparison of category maturity across regions
Regional spend opportunity for suppliers (2017-2022)
Category pricing dynamics
Supplier cost breakup
Input cost dynamics
Total cost of ownership model
Benefit comparison of pricing models
Pricing models – comparison matrix
Supplier margin analysis
Margin analysis across supply chain
Cost drivers
Volume drivers
Cost-saving opportunities: Supply-side levers
Cost-saving opportunities: Demand-side levers
Cost-saving opportunity matrix
Negotiation grid
Innovation and success stories
Procurement excellence summary: Impact on the category
Supplier relationship management metrics
Strategic sourcing and category management metrics
Technology-facilitated procurement metrics
Procurement best practices dashboard
Sustainability practices: Impact on the category
Sustainability best practices
Market environment score
Market competitiveness score
Buyer power score
Supplier power score
Ease of market entry score
Ease of substitution score
Buyer ecosystem: Outlook
Supplier ecosystem: Outlook
Ecosystem disruption threats
Key category management objectives
Supplier KPI dashboard: Importance for the category
Buyer KPI dashboard: Importance for the category
Category management enablers
Risk management matrix
Category enablers: Organization
Category enablers: Technology
RFx questions
Phase I RFI considerations
SLA terms
Supplier performance benchmarking criteria
Supplier operational capability matrix
Supplier positioning matrix
AMADA MACHINE TOOLS– Key information dashboard
3M – Key information dashboard
JTEKT Toyoda Americas – Key information dashboard
DANOBATGROUP– Key information dashboard
Kellenberger – Key information dashboard
Okuma Corporation – Key information dashboard
US category spend (2017-2022)
Category pricing dynamics
Supplier cost breakup
Supplier margin analysis
Margin analysis across supply chain
Cost drivers
Volume drivers
Procurement excellence summary: Impact on the category
Supplier relationship management
Strategic sourcing and category management
Technology-facilitated procurement
Procurement best practices dashboard
Supplier operational capability matrix
Supplier positioning matrix
Risk management matrix
Category definition
Category nuances
Importance of category relative to other categories

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