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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Synthetic Resins procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Synthetic Resins - Recent Price Trend

During the three years to 2018, the average price of synthetic resins has increased at an estimated annualized rate of 0.9%, primarily as the result of rising crude oil prices, the most prominent production input in synthetic resin manufacturing. Synthetic resin prices trend in line with the price of crude oil because it is an input that accounts for over half of the average supplier’s revenue.

Synthetic Resins - Total Cost of Ownership

Synthetic resins have a low total cost of ownership, with additional costs coming primarily from additives and transportation. Depending on the buyer’s requirements, additives can be used to change the characteristics of a synthetic resin, such as its viscosity, hardness, cure time and color. Although additives can be costly compared with the initial cost of the synthetic resin, they are often.

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About this Report

This report is intended to assist buyers of synthetic resins. Synthetic resins, also commonly known as plastics, are man-made resins that harden when initially exposed to heat or pressure. Synthetic resins come in two main types: thermoset plastics and thermoplastics. Thermoset plastics are irreversibly cured, which means that unlike thermoplastics, they cannot be reheated and melted into different shapes once set into a solid state. Common buyers of synthetic resins include manufacturers and construction companies. Buyers can purchase synthetic resins from chemical and petroleum companies, in addition to wholesalers. This report excludes natural resins.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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