Adhesives and Sealants Procurement Report – Pricing, Trends, and Drivers by SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Adhesives and Sealants 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 adhesives and sealants and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Adhesives and Sealants Procurement Market Intelligence Report (Graphic: Business Wire)

“The increasing use of adhesives and sealants in the automobile industry to replace traditional methods for processes like welding, and nuts and bolts is contributing to the growth of the market,” says SpendEdge procurement research analyst Angad Singh. “The global adhesives and sealants industry is expanding steadily over the past five years due to rapid developments in the end-user industries,” added Angad.

Key Report Features

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Report Insights

• The growing demand for adhesives and sealants globally can be attributed to the growing demand from end-use segments such as construction, and solar and wind power generation plants.Also since adhesives are an integral part of the packaging industry, its growth helps the overall adhesives and sealants market.
• The procurement managers should adopt systematic procurement practices and engage with suppliers that can provide cost-effective transportation of adhesives and sealants to obtain savings. The buyers should also sharpen their procurement skills and their knowledge about various freight charges in the industry to help them during the negotiation phase.
• The major challenge faced by buyers in this market is the lack of transparency on supplier's manufacturing processes which makes it difficult for buyers while procuring the products. As the products may not have been manufactured following environmental compliance and sustainability practices. It may also include other risk factors like interruptions in supply due to accidents at suppliers' manufacturing site.

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Global Adhesives and Sealants Market Pricing Trends

The fixed-fee pricing model and spot pricing model are the two most widely adopted pricing models in the adhesive and sealants industry. Fixed-fee pricing model eliminates the need to monitor market rates constantly which makes it easier for budget forecasting and planning, as the prices of adhesives and sealants are fixed. The spot pricing model provides buyers the opportunity to procure products at the most cost-effective rates available by optimizing the time of purchase. Also, the spot pricing model does not include any down payment for procurement, which makes it ideal for buyers such as small construction firms that are uncertain about their projects.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement 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.

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