The latest report titled “Sodium Bromide Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Sodium Bromide.
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 Sodium Bromide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Sodium Bromide Production Process:
- Sodium Bromide Production via Bromination: This report presents the detailed production methodology and cost analysis of sodium bromide industrial production across sodium bromide manufacturing plants. In this process, excess bromine is added to sodium hydroxide to undergo bromination, yielding sodium bromide.
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Product Definition:
Sodium bromide is an inorganic compound with the chemical formula NaBr. It is a white, crystalline salt that is highly soluble in water. Sodium bromide finds various applications in different industries. In the medical field, it is used as a sedative and anticonvulsant. In the oil and gas industry, it is employed as a completion fluid in well drilling and completion operations. Additionally, sodium bromide is utilized in photography as a component of photographic emulsions. Its ability to readily dissolve in water and its diverse applications make sodium bromide a valuable compound in several industrial sectors.
Market Drivers:
The market for sodium bromide is driven by several key factors. Firstly, its significant use in the oil and gas industry as a completion fluid in well drilling and completion operations is a major market driver. As the global demand for oil and gas exploration and production continues to grow, the demand for sodium bromide as a completion fluid rises accordingly. Secondly, its applications in the pharmaceutical and chemical industries, such as a sedative and anticonvulsant in medical formulations, contribute to its market expansion. Additionally, the compound’s use in photography and water treatment further enhances its significance in various industrial sectors.
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