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 estimated 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 utilized in the extraction of bauxite, and demand for it will rise parallelly as the region's production of aluminum rises.
Order your copy of the Caustic Soda 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
Caustic Soda Procurement Intelligence Report Scope
The Caustic Soda category is expected to have pricing growth outlook of 2% - 3% from 2023 to 2030, with below pricing models.
- Spot pricing
- Production and processing pricing
- Quality standards pricing
- Competition based pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Production capacity
- Supply chain and Logistics
Supplier selection criteria of Report
- Quality standards
- production capacity
- pricing, supply chain transparency
- transportation and handling
- technical specifications
- operational capabilities
- regulatory standards and mandates
- category innovations
- others.
Caustic Soda Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Caustic Soda Procurement Cost and Supplier Intelligence
Warehousing, transportation, inventory carrying, and administrative costs are the major cost components of Caustic Soda services. This category's logistics cost is around 20 - 30% more than the cost of other categories. Logistics cost itself accounts for more than 50% of its share and is the largest cost component above all. Cold storage continues to be the most crucial and important component of the whole supply chain in healthcare logistics, among all the other elements. India holds a capacity of 37 million metric tonnes of cold storage. In 2023, the Indian government pledged a net investment of INR 35,000 crore for the expansion of healthcare logistics. India supplies over 50% of the world's demand for different vaccinations, 40% of the demand for generic medications in the USA, and 25% of all medicines in the UK. With the surge in demand all over the world and concern over short supply due to supply chain disruption, the logistics cost rose by around 30% in some cases with an adverse effect of a 15% hike in warehousing of India’s Caustic Soda.
Caustic Soda are primarily used by organizations to conduct clinical trials off-site or on-site. Category uses a fleet of logistics of their own or outsources logistics for protecting temperature-controlled products such as cold reefers, and refrigerated trucks. Various organizations such as Parexel, Biocair, and IQVIA are some trusted clinical research organizations that help biopharmaceutical companies to conduct trials from the initial stage to the ultimate disposal of the drug. Category players outsource logistics operations to third-party vendors without capital investments. INDICOLD, an Indian company provides temperature-controlled logistics operations for pharmaceutical companies.
List of Key Suppliers
- Dow Chemical Company
- PPG Industries
- Hanwha Chemical Corporation
- INEOS Group
- Solvay SA
- BASF SE
- FMC Corporation
- Occidental Petroleum Corporation
- Formosa Plastics Group
- Tosoh Corporation
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: MAs, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
