Tag: chemical procurement

IR38

Global Calcium Oxide Market: Market Overview and Top Suppliers

Calcium oxide is a popular chemical compound that has been widely used since the medieval age. In fact, it is believed that calcium oxide, also known as quicklime is one of the oldest chemical known to man. The construction industry is one of the key users of calcium oxide. The construction landscape is expected to grow tremendously over the next couple of years, consequently fueling the demand for calcium oxide. It is also used in bio fuel production process as a catalyst to accelerate the rate of production.

SpendEdge’s global calcium oxide procurement market intelligence report gives in-depth insights into the key market drivers, procurement best practices, pricing outlook, and top players in the calcium oxide industry.

calcium oxide

Lhoist

Lhoist is a global leader in lime, dolime, and minerals. The company operates in over 25 countries around the world, with its headquarters in Belgium. The company is dedicated to the manufacturing of aerated lime (calcium oxide, oxide double of calcium and magnesium and calcium hydroxide) as well as the extraction and purchasing of limestone aggregates and dolime. The company also offers a variety of reagents for different srequest proposalectors like pulp, paper, steel, environment, construction, and agriculture.

Minerals Technologies

Minerals Technologies Inc. is a technology- and resource- based company that develops, produces and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services worldwide. The Company has four reportable segments including performance materials, specialty minerals, refractories, and energy services. In 1992, the company became a publicly traded company, through an initial public offering from Pfizer.

Omya AG

Omya ranks among the biggest chemical distributors globally. The company was founded by Gottfried Plüss-Staufer in Oftringen, Switzerland in the year 1884. Omya not only offers calcium oxide and carbonate fillers and coating pigments, but also chemical raw materials, intermediates, and specialty products for many markets such as printing & writing, packaging, agriculture & forestry, and construction.Request Demo

Merck KGaA

Merck KGaA is a global science and technology company that is committed to developing products and solutions for a better life. The company operates in 66 countries with a global employee count of over 53,000. The company has proven expertise in a variety of activities including improving electronic devices with smarter materials, generating ultra-pure water, testing the quality of food and drugs, and treating cancer. The rights to the name and the trademark “MERCK” is held by the company internationally except in the United States and Canada.

Carmeuse

Carmeuse is a worldwide leading producer of high calcium and dolomitic lime, calcium oxide and derived products, providing customized solutions and services for many different industries. The company’s lime and limestone products are a vital part of important global industries including energy, environmental services, construction, and manufacturing. Carmeuse’s global presence spans Western, Central and Eastern Europe, North and South America, Africa, the Middle East, and Asia.


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Popular Suppliers in the Global Sodium Thiosulfate Market

Sodium thiosulfate is a colorless crystalline inorganic compound that is produced mainly from liquid waste products of sodium sulfide and sulfur dye manufacturing. This substance has a wide range of industrial applications including iodometry, photographic processing, medical applications, and gold extraction. This inorganic salt is also known to have several medical uses. Sodium thiosulfate is used to reduce some of the side effects of cisplatin (a cancer medicine). It is also having proven application in the emergency treatment of cyanide poisoning.

SpendEdge’s procurement intelligence report on the global sodium thiosulfate market provides in-depth information on the market drivers, growth dynamics, procurement best practices, key suppliers, and several other vital insights on the sodium thiosulfate market.

sodium thiosulfate

Top sodium thiosulfate suppliers

Merck KGaA

Merck KGaA is a leading science and technology company. Their expertise lies in healthcare, life science, and performance materials. The company offers specialized and high-quality products in healthcare, life science002C, and performance materials. The company is headquartered in Darmstadt, Germany.  Merck KGaA holds the rights to the name and the trademark “MERCK” internationally except for the United States and Canada. In the US and Canada, the company operates in the biopharma market as EMD Serono, in life science as Millipore Sigma, and in the specialty chemicals and high-tech materials business area as EMD Performance Materials.request proposal

Cellmark

CellMark, a leading global supply chain service company provides products, services, and solutions to customers and suppliers all over the world. The company facilitates trade and business development across multiple industries with their vast network of local offices and professional expertise. Cellmark was founded in 1984 in Gothenburg, Sweden.

Esseco

Esseco is a family owned Italian industrial chemical group that is focused on inorganic chemical products such as sodium thiosulfate and winemaking industries since the year 1920. The company is focused on identifying new applications for their products and services such as food preservatives, food, and animal feed integrators, medicine and personal hygiene products, chemical fixatives for photography and radiology, and several mRequest Demoore. In 2003 with a joint venture between two leading sulfur dioxide derivative producers, Esseco Srl, and General Chemical, Esseco USA LLC was formed.

Solvay

Solvay is a Belgian company that was founded in the year 1863. It is an advanced material and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. The company’s products are used in batteries, planes, cars,  smart, and medical devices. The company’s key areas of expertise include consumer goods, healthcare, automotive, aerospace, resources and environment, agro, feed and food, electrical and electronics, building and construction, and other industrial applications.


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IR6

Achieving Successful Strategic Procurement in the Chemical Industry

Strategic procurement is a plan that is crafted with the sole objective of achieving goals that may be quite far off in the distance, such as five or ten years into the future.  A strategic procurement strategy not only helps come up with short-term solutions but rather involves coming up with strategies that will serve the long-term purpose. In any organization, strategic procurement plans are created by top-level management and the same applies to firms in the chemical industry. A strategic procurement plan also influences the tactical procurement plans that are developed and implemented.  It is a comprehensive plan that takes into account the targeted objectives and needs of the procurement department of the firm. Strategic procurement is one of the most significant tools that helps in maximizing the valuerequest proposal contribution of any company. It serves as a guide for any organization and should be updated regularly at the interval of a year to ensure its alignment with the overall business strategy.

In this blog, the procurement experts at SpendEdge explain some of the strategies for developing a successful strategic procurement plan for the chemical industry.  (more…)

IR18

Market Leaders in the Global Potassium Sulfate Category

Potassium sulfate, commonly known by the chemical formula K2SO4, is also called as sulfate of potash. It is a water-soluble white crystalline salt, which is predominantly used to produce fertilizers and is useful for applications in the pharmaceutical industry. Potassium sulfate is the world’s most popular low chloride fertilizer, whose chemical compound is mainly found in combination with other mineral sulfates such as magnesium, sodium, and calcium. This chemical has immense utility in the fertilizer market and is used in chloride sensitive crops, saline soil, and water scarce regions. Russia, Chile, China, Germany, Canada, and Belgium have the top suppliers of potassium sulfate. Get Free Sample_SE(Source: Global Potassium sulfate procurement market intelligence report).

Top suppliers in the potassium sulfate market

K+S group 

K+S Group is a chemical company that along with its subsidiaries produces and sells chemicals and substances such as magnesium, potash, and salt worldwide. The magnesium and potash products segment of the company produces mineral fertilizers, such as potassium chloride for crops, including corn, cereals, soybeans, and rice. They also engage in activities like production of potassium and magnesium products for industrial applications, fertilizers for crops, and health care and nutrition products for pharmaceutical, food processing, cosmetics, and animal feed industries. The company is headquartered in Kassel, Germany.

IR34

Purchasing and Procurement: All You Need to Know

Purchasing and procurement both relate to the sourcing and purchase of products and services. Procurement, in its simplest form, involves buying things, but if you ask any business person the same question, the answer may not be that simple. Most business people will say that any procurement process involves a series of activities that are crucial for an organization to procure the best products or services at the best price. Since most organizations today end up spending a lot of their revenue on purchasing goods, effective management of the entire procurement process becomes vital for companies looking to sustain themselves in today’s economy. Procurement is, for many companies, the major reason behind their success and will continue to gain importance among businesses of all sizes in the years to come.Get More Info_SE

Since both purchasing and procurement deal with the acquisition of goods, most of us have started using the terms purchasing and procurement interchangeably. But despite their numerous similarities, they do have very different meanings. Procurement, as discussed previously, is a multi-faceted process and involves steps such as supplier selection, screening, negotiating payment terms, setting up contracts, and finally purchasing the desired goods at the best possible rates. Purchasing, on the other hand, is a smaller process within the overarching procurement process. It basically refers to the process of how products or services are ordered and can be described as the transactional facet of the overall procurement process. Now that you know the basic differences between purchasing and procurement, let’s walk you through some of the major differences between the purchasing and procurement process.

The Procurement Process

In any business scenario, procurement is deeply intertwined with several core business functions. It is therefore influenced by the businesses’ corporate strategy and its commitment towards aligning both functions. To establish an effective procurement process, follow the four steps given below:

Step 1: Establish your company’s identity and know more about your values and ideals

Step 2: Think about market placement and whether you want to appeal to a large or specific client base

Step 3: Assess your company’s capabilities and find out your major strengths and weaknesses

Step 4: Iron out management issues before they start affecting the company’s productivity

A key thing to note here is that the steps mentioned above are not separated from each other but are often closely entwined.

The Purchasing Process

When you think of purchasing and procurement, always remember that purchasing is a smaller part of the overarching procurement process. Since it involves the buying of actual products or services, it includes the transactional part too, which is receiving goods and the subsequent payment. In the overall procurement process, purchasing is only related to:

Step 1: Order acknowledgment

Step 2: Shipment notices and receipts

Step 3: Invoice recording

Step 4: Supplier payments

The steps discussed here shouldn’t be tailored to suit the scope of your business since they are not influenced by the nature and size of your business.


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IR25

Use of Backup Power in Multiple Industries Driving the Demand in the Global Battery Market

Battery MarketLondon, Feb 23, 2018: The need for environment-friendly transport is driving the adoption of battery-driven cars in the automotive industry, which in turn is creating the demand for batteries across the globe. Rechargeable batteries are dominating the market due to their longer lifespan compared with primary batteries. Additionally, use of backup power in industries such as oil and gas, railways, mining, automotive, manufacturing, healthcare, education, retail, and pharmaceutical is also driving the demand in the global battery market.

SpendEdge’s latest procurement research report on the global battery market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the components and spares portfolio, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“The use of electric power in vehicles is increasing due to the production of new hybrid and electric vehicles from OEMs across the globe. Also, government initiatives (such as subsidies for electric vehicles in countries such as the US, Japan, and China) undertaken for encouraging eco-friendly transportation due to growing awareness about environmental protection among people is driving the demand for batteries in vehicles” – Tridib Bora, components and spares procurement research specialist at SpendEdge.

Suppliers need to comply with regulations associated with the transportation of batteries (such as lithium batteries) due to the hazardous nature of chemicals present in them. Non-compliance with these regulations might lead to heavy penalties or cancelation of licenses. As a result, suppliers in the battery market are facing procurement challenge to adhere to regulations.

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This procurement report on the battery market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


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IR13

Recent Developments in the Global Agrochemicals Market

In modern farming, agrochemicals are extensively used to neutralize the soil, enhance crop yield, protect crops against pests, and increase plant growth. Various types of agrochemicals are available in the market including herbicides, insecticides, fungicides, and seed treatment chemicals. The first uses of agrochemicals can be traced back to 4500 years when Sumerians used sulfur compounds as insecticides. The demand for agrochemicals is on the rise as the availability of arable land is limited to feed the growing world population. Suitable agrochemicals are thereby used to maximize the use of agricultural land. The recent procurement market intelligence report from SpendEdge on the global agrochemicals market estimates the market to be worth $52.2 billion.

Request Free SampleTrends in the agrochemical market

Increase in restructuring efforts

There is an increasing trend of restructuring efforts in the agrochemical market as leading players strive to obtain the market leader position and expand their product portfolio. The restructuring efforts have also been helped by increasing regulatory complexity, low ROI on R&D investment, and tough market conditions. For instance, market leaders, Dow Chemicals, and DuPont announced their merger in 2015 and completed the activity in 2017. The combined entity would create an agribusiness portfolio that is worth more than US$17 billion. It also helps the buyers in the market as they can purchase all their requirements from one single vendor.

Development of insect-control traits

One of the major concern for agrochemical manufacturers is developing chemicals which effectively tackle insects and other pests, so they cant damage the crop. The agrochemical market is experiencing a renewed interest in insect-control traits as they are researching on new compounds, screening and testing these for active ingredients, and developing them in conjunction with other substances, to make them more viable. For instance, in September 2016, DuPont Pioneer researchers discovered a protein from a non-bacillus thuringiensis bacterium source, which demonstrated an alternative method for controlling corn rootworm in North America and Europe. This can effectively save millions of corn crops that cause significant economic loss to the farmers.

Adoption of precision farming

As farmers face difficulty growing certain types of crops in a given condition with limited resources, it becomes important that scarce natural resources are effectively used to produce more using less. The rapid development of technology in agriculture has resulted in the adoption of various new agricultural practices such as precision farming, stereoscopic agriculture, and ecological agriculture. Among these methods, precision farming is expected to gain prominence as it helps farmers in cultivating crops in all types of soil environments. The advent of GPS and GNSS enables farmers to locate their precise position in a field to create maps to measure variables such as crop yield, terrain, topography, organic matter content, nitrogen levels, and moisture levels.

New regulations

Although agrochemicals play a vital role in increasing the crop yield, it presents its set of side-effects and can sometimes be harmful to the humans or the environment. As a result, government bodies place regulations in the manufacturing and use of such agrochemical. Currently, however, the market has seen an increase in regulations that can significantly hamper the introduction of new products as well as increase the costs of developing an agrochemical. For instance, in 2016, EFSA announced neonicotinoid assessments to be reviewed at the beginning of 2017. France in June 2016 announced that neonicotinoid insecticides would be banned from 2018. This is because the chemical is highly toxic to the bee population as it impacts their ability to forage, learn and remember navigation routes to and from food sources.

Read more about the trends in the agrochemicals market along with supply market insights, procurement best practices, category management, and pricing insights in SpendEdge’s upcoming report on the global agrochemicals market.
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IR39

Technological innovations and developments in the field of naphtha production causing efficiency gains in the global naphtha market


Naphtha MarketLondon, Jan 29, 2018
: The increasing demand for gasoline blends, driven by an increase in the number of vehicles and growing awareness regarding the need to reduce vehicular emissions, is expected to augment the growth of the global naphtha market. The demand is continually on the rise as automobiles that uses gasoline produce less pollution than automobiles that run on diesel.

SpendEdge’s latest procurement research report on the global naphtha market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals portfolio, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“Technological innovations and developments in the field of naphtha production such as the development of advanced distillation columns, and furnace materials, and alternative processes will significantly reduce the heat energy required for the production of naphtha. As a result, the overall production cost is reduced leading to the growth of naphtha market.” – Anil Seth, chemicals procurement research specialist at SpendEdge.

Naphtha is a volatile, hazardous, and carcinogenic substance. Hence, it is mostly transported through rail cars, pipelines, or dedicated cargo ships. Furthermore, transportation and handling require expertise and use of special equipment. Suppliers are also expected to adhere to various environmental and safety regulations in the naphtha market. This significantly increases the cost of transporting naphtha and also limits buyer’s ability to source from multiple geographically dispersed, low-cost sourcing countries.

Need more insights on this report on the global naphtha market?

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This procurement report on the naphtha market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

Get unlimited access to all our reports. Get access to our reports to gain insights, platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now


IR31

Supply Chain Challenges in the Chemical Industry

The rise is globalization looks promising for manufacturers in the chemical industry. US-based chemical manufacturers are heavily depending on emerging markets to expand their profit margins. However, what is worrying the management of players in the chemical industry is the sudden influx of suppliers  in the market who are equally taking advantage of the open doors of globalization. The big question now is who reaches the right market and the right customers within the desired time.What is crucial for these companies is an efficient supply chain in place. But is increasing competition the only challenge that players in the chemical industry are facing? According to analysts at SpendEdge,  competition is only the tip of the iceberg as far as these chemical companies are concerned. Based on our research, some of the other critical challenges that the chemical industry suppliers should be aware of are:SE_Demo2

Fluctuating prices

Chemical companies are regular victims of the sudden changes in the cost of raw materials, energy, and other commodities. For instance, commodities such as crude oil and natural gas account for a significant portion of a chemical company’s manufacturing cost. Therefore, any fluctuations in the price of these commodities has a considerable effect on the company’s bottom line. Also, if  chemical manufacturers  have a varied portfolio  chemicals in their inventory, it would become difficult for them to keep track of the costs and changes in prices quickly. By having a holistic view of the supply chain, chemical supplier and manufacturers can stay ahead of rising costs and sustain a healthy bottom line. Companies must ensure that they have visibility into the fluctuating prices of raw materials and other commodities. This will help them to integrate the necessary changes into the resource planning systems and also make the required adjustment in the supply chain.

Quality control

The chemical industry is a highly standardised and regulated industry. Various regulatory bodies like Globally Harmonized System of Classification and Labelling of Chemicals (GHS) aim to ensure the protection and safety of the environment and human health in the course of chemical handling. Chemical companies must ensure that they have complied with these regulations at the procurement stage of the supply chain itself. In addition, the introduction of stricter consumer protection programs have made it mandatory for initiating regular quality checks and control programs. Any negative reviews or news of product recalls can severely damage the brand image.

Large volumes of data

Chemical companies deal with massive amount of data, making data management an increasingly complex task for them. They deal in complex and varied data such as information on the quality and pricing of raw materials and other commodities, contracts and agreements with clients and customers, manufacturing and operations data, regulations and compliance requirements from government and other regulatory bodies, among others. Companies must ensure that every piece of data is rightly catalogued, processed and leveraged to produce valuable business insights. A major drawback that many players in the chemical industry face are that they are not equipped with world-class IT infrastructure and systems to capture critical information. A typical example is a company not having adequate data to determine the end-to-end costs, i.e. from procurement to delivery of each of their products. Therefore, their ability to correctly identify the bottom-performers and the top contributors in their product portfolio becomes inaccurate.

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IR26

Demand for convenience-based food and beverage products driving the cellulose gum Market

SpendEdge Procurement Market Intelligence Infographics (1)

London, Jan 5, 2018: The global cellulose gum market is driven by its end-application industries including food & beverage, personal care, pharmaceuticals, and industrial applications. Changing consumer trends in the food and beverage industry and increasing preference for clean-label and gluten-free products drive the global cellulose gum market.

SpendEdge’s latest procurement research report on the cellulose gum market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the agro commodities and raw materials portfolio, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

 The demand for convenience-based food and beverage products has been growing due to changing lifestyles and a rapid rate of urbanization, especially in the developing economies thereby influencing the demand in the global cellulose gum market – A Kowshik, agro commodities and raw materials procurement research specialist at SpendEdge.

Suppliers in the cellulose gum industry keep their proprietary technology and production technology highly confidential. As a result, buyers find it difficult to assess the suitability of the product to the end-use application, especially in the food and beverage industry, as there might be a batch of variations in products and can potentially lead to changes in properties of end-use applications. It is one of the biggest procurement challenge in the cellulose gum market.

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This procurement report on the cellulose gum market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

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