The latest report titled “Oxalic acid Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Oxalic acid.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Oxalic acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Oxalic acid Production Process:
1. Oxalic acid Production Cost From Sugar: This report gives a summary of the production process and expense assessment for oxalic acid industrial production in an oxalic acid manufacturing plant. In this method, nitric acid reacts with glucose or sugar. The obtained product further undergoes an oxidation reaction in the occurrence of catalyst yields oxalic acid.
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Product Definition:
Oxalic acid is a highly versatile and useful organic compound that belongs to the carboxylic acid family. It is a colorless and crystalline substance that has been widely employed in laundries as an acid rinse due to its excellent ability to remove rust and ink stains. Additionally, it is a key component in many commercial preparations used to remove scale from automobile radiators. Its chemical formula is C2H2O4, and it appears as a white crystalline solid that easily dissolves in water to form a colourless solution. Furthermore, oxalic acid is a reducing agent, meaning that it can donate electrons to other substances and effectively reduce their oxidation state. This property makes it a valuable ingredient in many chemical reactions.
Market Drivers:
The versatile nature of oxalic acid has made it a sought-after chemical in various industries. In industrial processes, it is a commonly used agent for removing rust and stains. With the pharmaceutical and healthcare sectors experiencing significant growth, the demand for oxalic acid has surged. This is because it finds application in the production of numerous drugs, such as antibiotics and tooth-whitening products. The use of oxalic acid as an antibiotic is particularly on the rise, as it has proven effective in controlling the growth of microorganisms in pharmaceuticals. Additionally, it is a popular choice for cleaning wood and dyeing textiles, contributing to the global demand and market growth of this chemical.
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