Butane Market Procurement Research Report – Pricing Trends, Forecast, and Spend Analysis by SpendEdge
Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Butane
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 utilities
industry. This report breaks down the data and analysis behind
the procurement of butane and acts as an all-inclusive guide for making
smart purchasing decisions.
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http://www.businesswire.com/news/home/20171108005813/en/
Global Butane Procurement Market Intelligence Report (Graphic: Business Wire)
“The growing demand for butane can be attributed to the increase in
the production of natural gas globally which has led to a higher
production of butane while encouraging suppliers to enhance their
production capacities,” says SpendEdge procurement analyst Angad Singh.
“APAC is one of the leading markets for butane in terms of consumption
due to the high demand for butane from segments such as domestic fuel,
automotive fuel, chemicals, and consumer products,” added Angad.
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Key Report Features
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Supply Market Insights
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Negotiation Strategies
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Procurement Best Practices
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Category Risk Analysis
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Cost Saving Opportunities
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Key Supplier Analysis
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Pricing Models
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Supplier Capability Matrix
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Report Insights
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The growing demand for butane can be attributed to the to increased
demand for LPG, which contains around 85% of butane by volume. This is
leading to a major shift in the choice of domestic fuel from
traditional fuels such as wood, coal, and kerosene to LPG. Also, local
governments are raising awareness about the harmful effects of
traditional fuels and are encouraging the adoption of LPG which is
eco-friendly when compared to traditional and other fossil fuels such
as gasoline.
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The buyers in this market should engage in long-term contracts with
suppliers. This helps them in obtaining huge discounts and value-added
services such as training of workers regarding the safe handling of
butane. Also engaging in long-term contracts help buyers in optimizing
threshold prices.
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One of the key challenges faced by the buyers in this market includes
challenges in procuring data regarding suppliers’ operations. The
buyers may find it difficult to access the data associated with the
working of suppliers' production facilities. Hence engaging in
strategic partnerships with preferred suppliers and including NDA in
SLAs would help the buyers overcome this challenge.
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the report snapshot before purchasing
Butane Industry Pricing Trends
Volume-based pricing and spot pricing are the two most widely adopted
pricing models in the butane industry. Volume-based pricing is used
predominantly by large buyers to leverage the large scale of their
procurements for obtaining discounts and value-additions. The buyers can
gain cost benefits of sudden drops in prices of raw materials such as
natural gas or crude oil in the spot-pricing model. It also helps the
buyers in procuring varying quantities, depending on their requirements.
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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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171108005813/en/
Copyright Business Wire 2017
Source: Business Wire
(November 8, 2017 - 3:31 PM EST)
News by QuoteMedia
www.quotemedia.com
