The latest report titled “Argon manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Argon.
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, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing 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, including Argon manufacturing process, that might influence Argon manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Argon (Ar) is a colourless gas which is one of the most common gases present in the environment besides nitrogen and oxygen. It makes up for about 0.94% of the Earth’s atmosphere and is also made commercially using a fractional distillation method that uses liquid air. It looks like a colourless and odourless gas which is totally inert to other substances. It has an atomic mass of 39.948 g.mol-1 and a density (g. cm−3) of 0.001633. It doesn’t have any biological role. Its melting and boiling points are -189 °C and -185.7 °C, respectively.
Market Drivers:
Argon finds application in areas where there is a requirement for an inert atmosphere. In addition, it is used in the production of titanium and other reactive elements, where it works like a non-reactive blanket which drives market expansion. Furthermore, it helps shield the weld area and keeps oxygen from corroding the filament in incandescent light bulbs at elevated temperatures. Moreover, it has application in double-glazed windows since it is used to fill in the gaps and spaces in panes. In the metal industry, it is used to form an electric arc and also provides an inert atmosphere which prevents metals from oxidising.
Other applications propelling the market demand forward include its use in protecting the rubber in luxury car tyres, in ice coring, groundwater dating and technical SCUBA diving for dry suit inflation since it is non-reactive and has a heat-isolating effect. Also, it forms a blue-greenish gas laser which is used for making fluorescent glow starters.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
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