Research and Markets: Global Chemicals Industry Outlook to 2010: Buyer Spend and Procurement Strategies and the Impact of Recession and Recovery

DUBLIN-(Business Wire)-September 24, 2009 - Research and Markets (http://www.researchandmarkets.com/research/12cb8c/global_chemicals_i) has announced the addition of Global Markets Direct's new report "Global Chemicals Industry Outlook to 2010: Buyer Spend and Procurement Strategies and the Impact of Recession and Recovery" to their offering.

"Global Chemicals Industry Outlook to 2010" is a new report published by Global Markets Direct in association with ICD Research that analyzes how chemical companies products & services spend, procurement strategies & practices and business are being affected by the recession. In an uncertain economic climate this report gives you access to the category-level spending outlooks, buyer budgets, supplier selection criteria, business challenges and investment opportunities of leading purchase decision makers. The report also identifies buyers and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels.

Scope:

The opinions and forward looking statements of 287 industry executives have been captured in our in-depth survey, of which over 45% represent Directors, C-levels & Departmental Heads and a further 25% represent senior engineers
This report covers data and analysis on buyer spend, procurement and industry developments by chemicals manufacturers and processors, contractors and petrochemical companies and chemicals industry suppliers worldwide
The report examines current practices and provides future expectations over the next 12-24 months
The research is based on primary survey research conducted by Global Markets Direct in association with ICD Research accessing its B2B panels comprised of senior purchase decision makers and leading supplier organizations
Key topics covered include buyer spend activity, procurement behaviors & strategies and how these have been affected by the recession, threats & opportunities for the chemicals industry, economic outlook and business confidence.
In the report buyers identify what suppliers need to do to maintain their business and the key actions being taken by industry players to overcome the leading business threats
The report provides qualitative analysis of the key industry threats and opportunities and contains full survey results
The geographical scope of the research is global - drawing on the activity and expectations of leading industry players across the Americas, Europe, Asia-Pacific and Africa & Middle East

Highlights:

As many as 51% of chemicals manufacturers, processors and contractors expect to increase their procurement spend over the next 12 months, and a further 7.5% looking to maintain it at current levels, and with many claiming to be re-evaluating their supplier base the market open to competition is expected to increase over the coming year
31% of industry buyers are seeking to engage in partnerships to optimize working capital and reduce costs - closer cooperation between suppliers and buyers is being sought during this time of market uncertainty
Less than one in ten industry buyers do not regularly evaluate suppliers to ensure they meet high ethical and environmental standards

Reasons to buy:

Drive revenues by understanding future product investment areas and growth regions by leading industry players
Formulate effective sales & marketing strategies by identifying how buyer budgets are changing and where spend will be directed to in the future
Better promote your business by aligning your capabilities and business practices with your customer's changing needs during these times of market uncertainty
Secure stronger customer relationships by understanding the leading business concerns and changing strategies of buyers in the chemicals# industry
Effectively plan your business strategies
Predict how the industry will grow, consolidate and where it will stagnate
Uncover the business outlook, key challenges and opportunities identified by suppliers and buyers in the industry

For more information visit http://www.researchandmarkets.com/research/12cb8c/global_chemicals_i

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