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Competition among manufacturers and the large number of vendors in the market ensure buyers of waterproofing coatings a large pool of suppliers to select from and more negotiable pricing conditions. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has updated a report on the procurement of Waterproofing Coatings in its growing collection of procurement category market research reports.
Los Angeles, California (PRWEB) August 22, 2014
Waterproofing coatings have a buyer power score of 3.0 out of 5. This score reflects better negotiating conditions for buyers. IBISWorld business research analyst Pierre Dessertenne says, Buyer power has been decreasing during the past three years but is expected to increase in the future as competition among suppliers continues to intensify. Major vendors in the market include Henkel, Sherwin Williams and 3M Company.
Competition among suppliers, especially manufacturers, is expected to continue to strengthen buyer power. Strong marketing efforts by manufacturers combined with product and financial incentives are expected to drive up sales over the next three years and increase buyer power, says Dessertenne. Competition among manufacturers will benefit distributors as well as their buyers due to increased sales and price competition. Furthermore, the large quantity of vendors ensures buyers a wide selection of waterproofing coatings. Buyer power is also strengthened by low switching costs and short lead times, allowing buyers to fully take advantage of the competitiveness of the market.
Over the next three years, demand for waterproofing coatings is expected to increase. Construction activity is expected to continue rising as it has in the past three years, stimulating demand for waterproofing coatings. In addition, as a result of a growing economy, private spending on home improvement and the number of businesses are expected to increase, which will boost demand for waterproofing coatings. Production costs for waterproofing coatings have been steadily increasing along with the price of key inputs during the past three years, which has been reflected in constant price increases. The recent decrease in fossil fuel prices (a significant key input) is expected to continue as some oil producers increase production, lowering the market price for crude oil, and therefore diminish the rate at which prices have been increasing.
Although prices are forecast to increase, the rate of growth is expected to remain low and exhibit low volatility, allowing for more flexibility in the purchase of waterproofing coatings and short-term purchase decisions. For more information, visit IBISWorlds Waterproofing Coatings procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of waterproofing coatings. Waterproofing coatings prevent an item from absorbing water or letting it filtrate through, effectively making it water resistant. Waterproofing coatings include coatings based on materials such as urethane, asphalt and epoxy. Waterproofing coatings can be sold by chemical manufacturers, chemical and coatings wholesalers, and a range of retailers. This report excludes water reducing agents.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Buying Lead Time
Key RFP Elements
Buyer Power Factors
About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorlds procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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