Global Polystyrene Category - Procurement Market Intelligence Report
About Polystyrene Market
The rising adoption of plastics in the automotive industry will also fuel the growth of polystyrene. Additional factors such as a rise in demand for polystyrene sheets across the HVAC industry, domestic appliance, and consumer electronics and increase demand for plastics in packaging have fueled the adoption of polystyrene among end-users.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Polystyrene 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 Polystyrene 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 Polystyrene Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Polystyrene Category - Procurement Market Intelligence Report: Total, Formosa Plastics, LyondellBasell, DuPont, and Eastman chemical company.
Commenting on the report, an analyst from SpendEdge said: “Buyers are looking to partner with suppliers that have a presence in emerging regions such as Southeast Asia and the Middle East. These regions have an abundance of inexpensive feedstock and greater investment in technology, which has major cost and quality advantages for buyers.”
According to the report, one of the key growth contributors for global polystyrene market is the increase in the demand for cost-effective plastics, resins, and adhesives. Also, the rising adoption of plastics in the automotive industry will also fuel the growth of polystyrene.
Further, the report states that a major procurement pain point experienced by the buyers is the increasing supply risk due to changes in the supply chain of commodities and chemicals. The buyers must engage with suppliers that have a transparent supply chain.
Total, Formosa Plastics, LyondellBasell, DuPont, and Eastman chemical company.