SpendEdge Forecasts a Spend Growth of over USD 8 Billion for the Caustic Soda Market
LONDON--(BUSINESS WIRE)--Nov 20, 2019--
SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Caustic Soda Market - Procurement Intelligence Report.
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Global Caustic Soda Market Procurement Intelligence Report. (Graphic: Business Wire)
Precious metals such as gold, silver, palladium, platinum, and rhodium are commonly found in e-waste, recycling which can help in the extraction of these metal constituents. This is perceived as one of the most lucrative business prospects and is widely conducted across the globe. This, in turn, is favoring the demand growth of caustic soda suppliers as this chemical finds its extensive application in the process of the recovery of precious metal from e-waste in an environment-friendly way. Such an extensive usage will drive the spend momentum of the caustic soda market at a CAGR of more than 4% through 2021.
However, this spend growth will not be bereft of challenges. In the caustic soda market, buyers are frequently observed to be procuring sub-optimal grades of caustic soda because of the lack of their technical know-how regarding the difference in concentrations of impurities in different grades of caustic soda.
“ Lack of this knowledge regarding the different grades of caustic soda with respect to the degree of concentration and their compatibility in end-use applications will compel buyers to hire technical experts. This, in turn, will increase their procurement costs,”says SpendEdge procurement research analyst Anil Seth.
Uncontrolled procurement spend and the lack of visibility of the same is hitting the buyer’s business where it hurts the most. Subscribe to our free web-based platform to get instant and real-time insights on the price trends and procurement strategies that will change your procurement outlook.
In view of the imposing challenges in the caustic soda market, this procurement intelligence report contains insights that are focused on cost-saving aspects of procurement and optimization of category spend.
Key Report Insights:
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Some of the key topics covered in this report are:
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SpendEdgeAnirban ChoudhuryMarketing ManagerUS: +1 630 984 7340UK: +44 148 459 9299https://www.spendedge.com/contact-us
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
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PUB: 11/20/2019 09:31 AM/DISC: 11/20/2019 09:31 AM