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Procurement Market Intelligence Report

Refining Catalysts
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Refining Catalysts?

What is the average price of Refining Catalysts?

This procurement report includes pricing information to help you purchase Refining Catalysts. 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 Refining Catalysts 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 Refining Catalysts 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 Refining Catalysts?

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 Refining Catalysts 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 ?

In 2020, the top four vendors of refining catalysts account for between 30.0% to 50.0% of overall revenue, indicating moderate market concentration. ProcurementIQ estimates that there are about 85 suppliers of refining catalysts currently operating in the United States. Although top vendors are typically vertically integrated chemical manufacturing companies with... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Company Financial Health

How long have you been in the business of supplying refining catalysts?

Are you now or have you ever been involved in a merger, acquisition or other divestment? How does this impact your business?

Have any of your affiliate companies had to declare bankruptcy?

What is the credit score of your business?

Has weak demand during the pandemic negatively impacted the financial stability of your business? What is your company doing to mitigate instability in business operations?

Which of your business segments has been the most impacted by the pandemic? How long does your business forecast this impact to last?

What is your current backlog for refining catalysts?

What percentage of your clients have delayed refining catalyst purchases in 2020?

Additional Service Offerings

Are there any other services you supply that pertain to my business, such as catalyst handling services?

What additional services do your refining catalyst clients typically procure from your company?

What advantages are afforded if I choose to bundle catalyst purchases with other related goods such as storage containers?

Are these goods produced at the same facility? Can you provide the product info for these goods?

If I choose to bundle goods, how will my shipping options and lead time change?

Has the pandemic limited your ability to provide any additional services? How has the pandemic affected the price for additional services?

Customer Satisfaction

Do you have any long-term clients I can speak to as professional references? Can you describe their relationship with your company?

What is the average length of a customer relationship for your company? What do you do to cultivate long customer relationships?

Who are your top three largest clients? How long have they been your clients?

How do clients typically review your performance?

Do you assign client relations managers to your accounts? What is their experience level? Are they qualified to address challenges in my industry?

Relevant Experience

What procedures have you implemented to establish adequate knowledge of the latest technological developments or market changes for downstream buyers?

What experience do you have in producing catalysts for projects similar to mine?

In what ways have you stayed up to date with the latest technical developments of the industry? Have you taken any steps toward process automation?

How often have you engaged with companies from my industry?

What share of revenue is dedicated to R&D? How large is your R&D team?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state their total budget for the purchase of refining catalysts. If a supply contract is being signed, buyers should state either their monthly or annual budget for the contract.

Buyers should provide a breakdown of their budget, including a budget for each type of refining catalyst if multiple types of products are being requested.

Buyers should state how additional costs will be handled, such as transportation and delivery costs.

Selection Criteria

Buyers should assess the pricing of refining catalyst from each supplier.

Buyers should assess the supplier's ability to offer a product that fully meets their specifications.

Buyers should look at product availability and the backorder time for products that are not adequately stocked.

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

Project Schedule

Buyers should provide a list of key dates that pertain to the RFP process, such as the final date to submit product samples, questions and final bids.

Buyers should provide key milestone dates that will occur after the RFP process has ended, such as the date products must be delivered by and the frequency of deliveries if a supply contract is being signed.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for refining catalysts presents a high risk of creating input price fluctuations and supply disruptions. Disruptions in 2020 are principally due to the global pandemic, which has hurt manufacturing capacity and movement down the supply chain, ultimately hurting a buyers' ability to access a stable supply of... Subscribe to learn more.