Global Propylene Glycol Category - Procurement Market Intelligence Report
About Propylene Glycol Market
One of the key growth factors for global propylene glycol supply market is the increasing demand of the propylene glycol as an anti-freeze agent in industries such as automotive, personal care, and cosmetics due to its non-toxic nature. Moreover, it is replacing ethylene glycol, which was traditionally used as an anti-freeze and coolant in these industries, due to its toxic nature.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Propylene Glycol 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 Propylene Glycol 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
Press Release
SpendEdge Announces the Publication of its Procurement Research Report – Global Propylene Glycol Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Propylene Glycol Category - Procurement Market Intelligence Report: The Dow Chemical, LyondellBasell, Archer Daniels Midland, SK Group, and DuPont.
Commenting on the report, an analyst from SpendEdge said: “Buyers must have a clear understanding of all the factors when they are negotiating for the price of propylene glycol, as this will help them optimize procurement costs by negotiating better.”
According to the report, one of the key growth contributors for global propylene glycol supply market is the increasing demand of the propylene glycol as an anti-freeze agent in industries such as automotive, personal care, and cosmetics due to its non-toxic nature. Moreover, it is replacing ethylene glycol, which was traditionally used as an anti-freeze and coolant in these industries, due to its toxic nature.
Further, the report states that a major procurement challenge experienced by the buyers is the constant change in prices of propylene glycol. SpendEdge’s procurement specialists predict that the buyers must seek assistance from suppliers on forecasting of demand and pricing of raw materials.
Companies Mentioned
The Dow Chemical, LyondellBasell, Archer Daniels Midland, SK Group, and DuPont.
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