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Procurement Market Intelligence Report

Noble & Elemental Gases
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Noble & Elemental Gases?

What is the average price of Noble & Elemental Gases?

This procurement report includes pricing information to help you purchase Noble & Elemental Gases. 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 Noble & Elemental Gases 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 Noble & Elemental Gases 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 Noble & Elemental Gases?

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 Noble & Elemental Gases 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 ?

Of the roughly 1,400 noble and elemental gas suppliers, the top four account for an estimated 70.0% of market revenue in 2021, indicating high market share concentration. The top three suppliers are Air Liquide, Air Products and Chemicals and The Linde Group. Suppliers have been using mergers and acquisitions to... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Supply Chain

Have you faced problems with your supply chain in the past? How did you overcome these issues?

Do you have alternate suppliers? If so, who are they? How often do you have to use nonpreferred suppliers?

Are your key inputs sourced abroad? What contingencies do you have in place if there is a supply interruption?

Can you guarantee a minimum volume of gas should supply shortages occur?

What kind of price fluctuation caps do you have in place in case of input price shocks?

Do you source materials with a high exposure to market disruptions resulting from the pandemic? How are you coping with these disruptions?

Regulation & Compliance

How do you keep up to date on relevant regulations? What percentage of your revenue is spent on compliance, and how has that changed in the past three years?

How does regulation impact your pricing and how will it do so for the life of our proposed agreement?

How great is the risk that compliance and regulation issues will cause problems regarding my ability to receive my products on time?

How will you adjust if any upstream vendors in the supply chain have trouble producing output due to more stringent requirements by regulators?

Customer Support

How can customer service representatives be reached? What is the typical response time for each of these methods?

What is your process for dealing with customer problems and complaints? Do you have an escalation process?

What is your repeat business rate? Why do companies not renew their contract with your business?

How do you evaluate customer satisfaction and how frequently? Is this information made available to clients?

Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state the total dollar amount allocated for this contract, but invite suppliers to submit lower bids.

Buyers should state how long the contract lasts.

Selection Criteria

Buyers should prioritize suppliers that offer the most competitive prices.

Buyers should prioritize suppliers that best complete their needs.

Buyers should prioritize suppliers that are conveniently located near their facilities.

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

Project Schedule

Buyers should state the date that the RFP was issued.

Buyers must include the data and time of any open meetings for suppliers to attend.

Buyers must include a due date for proposals.

Buyers should state when the award will be announced.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain associated with noble and elemental gases is moderately risky. The extraction and distribution of natural gas and the production of metal-based inputs, such as metal tanks, generate the largest amount of risk in terms of input prices and supply. Natural gas is used as a feedstock for... Subscribe to learn more.