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Production Chemicals Procurement Research – Market Trends and Spend Analysis by SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Production Chemicals Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of production chemicals and acts as an all-inclusive guide for making smart purchasing decisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180420005543/en/

Production Chemicals Procurement Report (Graphic: Business Wire)

Production Chemicals Procurement Report (Graphic: Business Wire)

“An increase in oil production and growing production of oil and gas from unconventional oil wells are the factors which will contribute to the growth of the production chemicals market,” says SpendEdge procurement analyst Anil Seth. “Also, North America is considered as the largest market, which will influence the growth of production chemicals,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Production Chemicals Market:

  • Offering of value-added services and technological assistance by suppliers
  • Increasing consolidation in production chemicals market
  • Growing demand for JIT services and custom packaging

This report is available at USD 1000 discount for a limited time only:View the report snapshot before purchasing

Offering of value-added services and technological assistance by suppliers

In the product chemicals category, leading suppliers are increasingly offering various value-added services and technological assistance to their customers. Such services can help the buyers enhance the efficiency of their production process.

Increasing consolidation in production chemicals market

Globally, the suppliers are increasingly resorting to inorganic growth through M&A to enhance their geographical presence, technological capabilities, and product portfolios. This can help the buyers obtain better prices and increase their products and services.

Growing demand for JIT services and custom packaging

In the production chemicals category, many large-scale buyers are increasingly ordering products in smaller quantities to reduce their inventory costs. This helps buyers optimize their inventories, thereby reducing the inventory costs.

View our report snapshot to gain detailed insights into the current market trends.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

Contacts:

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1 630 984 7340
hello@spendedge.com

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