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Procurement Market Intelligence Report

Industrial Absorbents
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Industrial Absorbents?

What is the average price of Industrial Absorbents?

This procurement report includes pricing information to help you purchase Industrial Absorbents. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Industrial Absorbents been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Industrial Absorbents yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Industrial Absorbents?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Industrial Absorbents with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Industrial Absorbents?

The top four suppliers of services (Brady Corporation, Ecolab, 3M and Rayonier Advanced Materials) account for less than 20.0% of the market in 2019, indicating a low level of market share concentration. ProcurementIQ estimates that there are more than 1,500 companies supplying industrial absorbents in the United States, the majority... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Vendor Financial Risk

Has your company ever been at risk of bankruptcy? What actions were taken to prevent this?

How does your company stay profitable during economic downturns?

What investments are you making in your company's future?

Have rising input costs affected your profitability?

Experience

How long has your company produced industrial absorbents?

What are some clients with operations similar to mine that your company has been a supplier for?

What industry do you most commonly provide your absorbents to?

What is your repeat business rate for other companies in my industry?

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Key elements for every RFP

What should my Industrial Absorbents RFP include?

Project Budget

Buyers should specify the total budget for their purchase.

Buyers must inform suppliers of their preferred shipping methods because this impacts their total cost.

Buyers should state whether they want to include any related good discounts in the contract.

Selection Criteria

Buyers should prioritize suppliers that will be able to provide their desired products and have a large inventory.

Buyers should look for vendors that carry a variety of absorbent types.

Buyers should consider vendors that carry quality products within the buyers budget.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers need to inform suppliers if they will be accepting questions or clarifications regarding the content of the RFP. If so, buyers must include a due date.

If applicable, buyers need to inform suppliers of a window of time where they intend to visit their facilities to inspect the supplier's inventory.

Buyers must give a due date for RFPs.

Buyers must alert suppliers of the award announcement date.

Evaluate major factors to mitigate risk

How risky is the Industrial Absorbents supply chain?

There is a medium level of risk in the supply chain for industrial absorbents. The greatest risk that industrial absorbent suppliers face involves changes in input costs. Because purchases account for over half of suppliers' revenue, changes in the price of major input materials, such as inorganic and organic... Subscribe to learn more.

HIGH

MEDIUM

LOW