Pigments Procurement Category Market Research Report from IBISWorld has Been Updated

Tuesday, May 19th, 2015


Los Angeles, CA (PRWEB) April 10, 2015

The pigments market has a buyer power score of 2.4 out of 5, reflecting a moderate level of negotiation power for buyers and suppliers. Low product specialization and low market share concentration are beneficial for buyers, but high price volatility and rising material costs hamper these positive effects.

Recent pricing trends for pigments have had an adverse effect on buyer power. In the three years to 2014, prices have risen rapidly due to increased demand from clients including cosmetic and beauty products manufacturers, paint manufacturers, ink manufacturers and automobile manufacturers. As the industrial production index and the value of construction have risen, buyers in these sectors have required more pigments, boosting demand and fostering price growth. “This trend is expected to continue in the three years to 2017, further reducing buyers’ ability to negotiate favorable prices and contract terms,” according to IBISWorld business research analyst Jesse Chiang.

Another challenge facing buyers is the high price volatility of pigments. Inputs to pigment production, including nonferrous metal ores, fluctuate greatly. In most cases, pigment suppliers adjust the price of pigments based on the price of key inputs. High price volatility hurts buyers because it can lead to sudden price spikes. “When possible, buyers should try to negotiate set pricing terms to prevent unexpected price increases,” says Chiang.

Although rising price trends and volatility can damage buyer power, low market concentration and low product specialization offset their effects. As a result of low market concentration, pigment suppliers face a high level of competition, giving them an incentive to offer buyers competitive prices. Low product specialization aids buyers because it gives them the ability to procure services from all available suppliers, rather than having to find a niche provider. These factors improve buyers’ ability to negotiate lower prices. Major vendors include Lanxess AG, BASF and Clariant International Ltd. For more information, visit IBISWorld’s Pigments procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of pigments. Pigments are dry powders used to add color to products such as paints, inks, textiles and cosmetics. These powders come in a variety of colors and metal bases, including iron oxide and titanium dioxide. Suppliers of pigments include pigment manufacturers and pigment wholesalers. This product group excludes dyes, which are colors in liquid form.


Executive Summary
Pricing Environment
— Price Fundamentals

— Benchmark Price

— Pricing Model

— Price Drivers

— Recent Price Trend

— Price Forecast

Product Characteristics
— Product Life Cycle

— Total Cost of Ownership

— Product Specialization

— Substitute Goods

— Regulation

— Quality Control

Supply Chain & Vendors
— Supply Chain Dynamics

— Supply Chain Risk

— Imports

— Competitive Environment

— Market Share Concentration

— Market Profitability

— Switching Costs

Purchasing Process
— Buying Basics

— Buying Lead Time

— Selection Process

— Key RFP Elements

Negotiation Questions
Buyer Power Factors
Key Statistics

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, IBISWorld’s procurement research reports equip clients with the insights 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.







Smartphones Procurement Category Market Research Report from IBISWorld Has Been Updated

Thursday, April 30th, 2015


Los Angeles, CA (PRWEB) March 24, 2015

The smartphone market has a buyer power score of 2.6 out of 5, indicating a relatively even split of negotiation power between buyers and suppliers. According to IBISWorld analyst Kevin Young, smartphone prices have risen at an estimated average annual rate of 4.8% in the past three years, largely supported by a rise in smartphone usage among adults aged 20 to 64. Moreover, suppliers have been investing more in research and development (R&D) to produce more technologically advanced smartphones during the period, driving up their costs, which have been passed down to buyers. Buyers have, however, benefited from rising import penetration.

Consumer demand for smartphones has increased considerably in the past three years, as evidenced by the strong growth in the number of mobile connections during the period. Due to the popularity of earlier generations of smartphones, producers have invested heavily in R&D to develop new and improved smartphones, which are often released on an annual basis. The release of new smartphones with more powerful features prompts many consumers to terminate their contracts and upgrade their phones, which is why wireless carriers vie for exclusivity agreements for vendors’ new releases.

The high level of brand equity among many vendors, such as Apple and Samsung, further undermines buyer power by forcing buyers to accept premium, value-based pricing, continues Young. However, the United States is a net importer of smartphones, so the market is also flooded with cheaper imports. Foreign-based manufacturers are actively producing lower-priced smartphone models to siphon a share of the lucrative US smartphone market. Buyers benefit from the wider range of prices made available by import penetration.

Buyers have also benefited from low price volatility during the period. Although smartphones are costly, low volatility in prices indicates that buyers do not face sudden and significant price shifts. Even though vendors release newer and often more expensive versions of smartphones annually, increasing market saturation will stifle extreme price growth in the coming years as consumers become less enthralled with cosmetic updates. For more information, visit IBISWorld’s Smartphones procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of smartphones, which are mobile phones that have larger screens, built-in applications and internet access. Smartphones are equipped with operating systems and increased processing power, allowing them to perform functions similar to those of a computer. This report excludes other mobile phones, tablets and laptops.

Executive Summary

Pricing Environment

Price Fundamentals

Benchmark Price

Pricing Model

Price Drivers

Recent Price Trend

Price Forecast

Product Characteristics

Product Life Cycle

Total Cost of Ownership

Product Specialization

Substitute Goods

Regulation

Quality Control

Supply Chain & Vendors

Supply Chain Dynamics

Supply Chain Risk

Imports

Competitive Environment

Market Share Concentration

Market Profitability

Switching Costs

Purchasing Process

Buying Basics

Buying Lead Time

Selection Process

Key RFP Elements

Negotiation Questions

Buyer Power Factors

Key Statistics

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, IBISWorld’s 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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Dentists in Canada Industry Market Research Report from IBISWorld Has Been Updated

Saturday, April 18th, 2015


New York, NY (PRWEB) March 15, 2015

Over the past five years, the Dentists industry has exhibited growth despite a slight decline in dental expenditures per capita. According to data from the Canadian Institute for Health Information, per capita expenditures for dental services marginally declined, which has slightly cut into the industry’s growth. Nevertheless, dental care still accounts for the second-largest share of private-sector medical spending. Among private-sector dental practices, individuals covered almost half of their dental care out-of-pocket. As a result, dental practices had lower administrative costs compared with the healthcare sector as a whole due to having to secure fewer reimbursements from health insurance providers.

Still, according to 2009 data (latest available) from Health Canada’s Canadian Health Measures Survey, about one-third of Canadians did not have dental insurance, which has posed a barrier to dental care for many Canadians. IBISWorld Economic Analyst Sarah Turk says in the updated report “furthermore, some provinces and territories had a very low dentist-to-patient ratio, which limited some Canadians’ access to dental care services.” According to 2013 data (latest available) from the Canadian Dental Association, some provinces, such as Newfoundland, New Brunswick and Saskatchewan, had significantly higher population to dentist ratios, compared with the Canadian average. Over the five years to 2015, industry revenue is anticipated to grow. Profit is expected to increase, due to the emergence of more multi-practitioner, group dental practices, which has enabled dentists to generate more in-house referrals, by providing general and specialized dentistry, and lower fixed operational costs.

Over the coming years, the burgeoning elderly population will spur demand for restorative, cosmetic, periodontal and orthodontic care. “For example, as this demographic keeps their natural teeth longer, thanks to the advent of new medical technologies, this trend will provide a boost to the industry,” Turk says in the updated report. In the five years to 2020, industry revenue is forecast to grow.

For more information, visit IBISWorld’s Dentists in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry comprises establishments of licensed dentists primarily engaged in the private or group practice of general or specialized dentistry or dental surgery. Offices of dentists, especially walk-in centres that accept patients without appointment and that often have extended office hours, are sometimes called clinics or dental centres.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld 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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2014 Holiday Spending to Gro-ho-ho: IBISWorld’s Annual Release Has Been Updated

Thursday, January 8th, 2015


New York, NY (PRWEB) December 17, 2014

Rising consumer confidence and lower unemployment are likely to bring out the holiday spirit in economically conscious shoppers this snowy season. IBISWolrd projects that total revenue generated by holiday spending in December will increase 2.0% this year, totaling $ 70.9 billion, This is a sharp contrast to 2013, when a shortened holiday calendar, early Thanksgiving and October government shutdown dampened consumer confidence and spending.

However, before dashing through the snow for the best deals, lackluster sales over the Thanksgiving holiday suggested that retailers might be in for a slightly slower season than expected. Business efforts to push promotions and discounts earlier this year may backfire, as internet and mobile shopping reduces the need to rush out and find good offers early. More consumers will check prices online and shop for the best bargain, leaving retailers to compete with one another by lowering their prices. Overall, despite improving economic conditions, competitive pricing and savvy customers will keep sales from breaking records.

Gifts

Gifts represent the single-largest expenditure during the holidays, generating 77.2% of total revenue. In 2014, IBISWorld forecasts this category to grow 1.8% to $ 54.8 billion. Although the economic climate has trended upward since the recession, consumers are likely to continue to hold back on extravagant gifting. According to IBISWorld Industry Analyst Andy Brennan, “purchases of gifts, including electronics, toys, clothing and personal care and cosmetic items, are expected to rise higher than their disappointing levels in 2013, but retailers should not expect dramatic increases.” Similar to last year, well-timed releases of new video games, consoles, tablets and smartphones will help drive growth for the electronic category, which is anticipated to increase by 2.1% from 2013 levels. Personal care and cosmetics are also expected to see an increase, as consumers take advantage of flexible online shopping options and promotions. Sales of cosmetics are forecast to increase by 3.3% to $ 5.7 billion this year. Toys and clothing are also anticipated to increase, by 2.4% and 2.3%, respectively. However, heavy discounting will stifle growth in these two categories, as consumers scour the internet for better deals. Meanwhile, jewelry sales and gift cards are forecast to demonstrate less-spectacular growth this year. Consequently, both categories are anticipated to increase by only 0.2% over 2014.

Food

Revenue generated from food and alcohol purchases is expected to grow at a slightly faster rate than total holiday revenue this year, increasing 2.3% to $ 6.3 billion. “Food prices have outpaced the overall rate of consumer prices in 2014 due to rising farming and transportation costs and higher global demand,” says Brennan. However, the recent decline in the world price of crude oil will enable more long distance travel and allow consumers to spend the holidays with family and friends.

Decorations and cards

Total spending on decorations is projected to rise 4.3% this year to $ 6.5 billion. Seasonal winter decorations, including wreaths, ornaments, nativity sets and nutcrackers, account for nearly two-thirds of total annual decorations spending. Although the number of consumers celebrating holidays during this time of year has declined slightly over the past five years, the average amount spent per person has increased steadily as consumers have opted to decorate earlier. Selling seasonal decorations is now a big business, as the holiday season has become increasingly commercialized. Spending on greeting cards, on the other hand, is anticipated to decline in 2014.

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld 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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