NEW YORK, April 8, 2021 /PRNewswire/ -- The Magnesium market will register an incremental spend of about USD 781.29 Million, growing at a CAGR of 3.11% during the five-year forecast period. A targeted strategic approach to Magnesium sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Download free sample report
Key Highlights Offered in the Report:
- Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices.
- Gain information on relevant pricing levels, detailed explanation on pros and cons of prevalent pricing models.
- Methods to help engage with the right suppliers and discover KPIs to evaluate incumbent suppliers.
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Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for the Magnesium market. The report also aids buyers with relevant Magnesium pricing levels, pros, and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfill their category objectives.
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Key Drivers and Trends Fueling Market Growth:
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.
Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 2.00%-4.00%.
- Identify favorable opportunities in Magnesium TCO (total cost of ownership).
- Expected changes in price forecast and factors driving the current and future price changes.
- Identify pricing models that offer the most rewarding opportunities.
Some of the top Magnesium suppliers listed in this report:
This Magnesium procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
- China Magnesium Corp.
- Dead Sea Magnesium
- Luxfer MEL Technologies
- Magnesium do Brasil SA
- Ningxia Hui-Ye Magnesium Marketing Co. Ltd.
- POSCO
- Regal-mg (Shanghai Regal Magnesium Ltd Co.)
- VSMPO-AVISMA Corp.
- Wenxi YinGuang Magnesium Industry (Group) Co. Ltd.
- Zhejiang Dun An New Energy Co. Ltd.
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Table of Content
- Executive Summary
- Market Insights
- Category Pricing Insights
- Cost-saving Opportunities
- Best Practices
- Category Ecosystem
- Category Management Strategy
- Category Management Enablers
- Suppliers Selection
- Suppliers under Coverage
- US Market Insights
- Category scope
- Appendix
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About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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Anirban Choudhury
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SOURCE SpendEdge
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