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Showing posts from July, 2023

Caustic Soda Sourcing Intelligence Forecast To Register CAGR Of Over 5.1% Till 2030

  Caustic Soda Procurement Intelligence The caustic soda category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.  In 2022, the category size was esti ​ mated to be valued at USD 40.6 billion with the Asia-Pacific region's dominance as a result of a rise in raw material industrial demand for textiles, paper, and other materials as well as manufacturing hubs. The category is escalated globally, owing prominently to its intense abilities and importance across both the residential sector & industries. It is a versatile compound that finds numerous applications across different industries from primary usage in detergents, packaging, and treatment to food, chemical, and automobile. Another factor fueling the category growth is its use in processes such as, making drugs and bauxite purification. Being a primary product for many industries, demand for it remains high, whether it is for parts of EV in cars or the water treatment business. The category is also widely ut...

Carbon Steel Procurement Intelligence To Grow Substantially At A CAGR Of 4.0% Till 2030

  Carbon Steel   Procurement Intelligence The carbon steel category is expected to grow at a CAGR of 4.0% from 2023 to 2030.  The APAC region accounts for the largest category share and is anticipated to be the fastest-growing region in the forecast period. Factors such as the rise in the need for carbon steel in infrastructure development, the automotive sector, construction sites, and machinery are driving the category growth. One of the key trends is the use of this product in the shipbuilding industry owing to the growing demand in China, and Southeast Asia. Availability of cheap labor and technological advancement are the reason companies are shifting their shipbuilding manufacturing to these countries. Order your copy of the Carbon Steel category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourci...

Chlorine Sourcing Intelligence: Chlorine category is expected to have pricing growth outlook of 5.00% From 2023 To 2030

  Chlorine   Procurement Intelligence The chlorine category is anticipated to grow at a CAGR of 5.0% from 2023 to 2030.  In 2022, the category size was estimated to be valued at USD 35.7 billion with the chemical industry leading the market share as chlorine is a key ingredient in the production of a variety of chemicals, including PVC (polyvinyl chloride), bleach, solvents, pesticides, and pharmaceuticals. This broad range of applications is the primary driver of its growth. The demand for chlorine is closely linked to industrial sectors such as water treatment, disinfection, cleaning agents, etc., that further fuel the category expansion. Another growing factor is the increased consumption of fertilizer in the agricultural business. In June 2022, two new antimicrobial and disinfection products, KEEPER and OXINE, have been introduced by Kemin Food Technologies - Asia, a manufacturer of ingredients. These new solutions treat food, water, and food contact surfaces, includi...

Chromatography Resins Procurement Intelligence: Chromatography Resins category is expected to have pricing growth outlook of 6.9% From 2023 To 2030

  Chromatography Resins   Procurement Intelligence The chromatography resins category is expected to grow at a CAGR of 6.9% from 2023 to 2030.  The growing demand for pharmaceutical and biotechnology operations is what drives this category as both these sectors use these resins for a variety of purposes, such as the manufacturing of highly pure pharmaceuticals, the monitoring and analysis of trace pollutants, and the detection of molecules like proteins and antibodies. The requirement for high-quality drugs is also increasing the demand for the category in several countries. Manufacturers are developing highly efficient and high-resolution anion exchangers that enable unique selectivity and improve separation. Order your copy of the Chromatography Resins category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-...

Engineering, Procurement, and Construction (EPC) Procurement Intelligence To Grow Substantially At A CAGR Of 6.6% Till 2030

  Engineering, Procurement, and Construction (EPC)   Procurement Intelligence The enzymes category is anticipated to grow at a CAGR of 6.6% from 2023 to 2030.  North America is the major market for a variety of industries, including food and beverage, laundry detergent, pharmaceuticals, personal care, and cosmetics. This is due to the strong end-use in these industries, as well as increasing R&D activities in this region. In 2022, the region accounted for 38% of the global market share and is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period. Order your copy of the Engineering, Procurement, and Construction (EPC) category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis   Engineering, Procurement, and Construction (EPC) Procurement Intel...

Drug Testing Procurement Intelligence To Grow Substantially At A CAGR Of 6.5% Till 2030

  Drug Testing   Procurement Intelligence The drug testing category is expected to grow at a CAGR of 6.5% from 2023 to 2030.  The key drivers of the market growth are the increasing consumption of alcohol by young people and the elderly, the overuse of prescribed medications, and the rising use of narcotics. The demand for drug testing is also anticipated to increase due to the increased instances of illegal drug use and the rising crime rates linked to drug misuse. There is more competition among manufacturers, and those developing innovative products across a wider range of categories are capturing a larger share of the market. Order your copy of the Drug Testing category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis   Drug Testing Procurement Intelligence Report Scope The Drug T...