The latest report titled “Boric acid Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Boric 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 Boric acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Boric acid Production Process:
1. Boric acid Production Cost From borates: This report presents the detailed production methodology and cost analysis of Boric acid industrial production across Boric acid manufacturing plants. To create boric acid, alkali borates are used. This involves dissolving borates in organic or mineral acids, such as sulphuric acid. As a result, boric acid is formed, along with a by-product of sodium salt.
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Product Definition:
Boric acid is an element occurring naturally and is available in different minerals. The rich source of boric acid is water, sea salt spray, rocks, soil dust, and food such as fruits and vegetables. It is a common form of Boron, with the molecular formula of B(OH)3. It appears as a white solid and is odorless, with a melting point of 171 degrees Celsius. It is also known as hydrogen borate and has various applications in industrial processing and manufacturing as well as in the production of cosmetic, pharmaceutical, and hygiene products such as toothpaste, mouthwash, soaps, etc.
Market Drivers:
Boric acid is one of the demanding products in this rapid industrialization time due to its wide range of applications. It plays a vital role in the glass and textile industries, providing a better opportunity for market growth. Moreover, due to its CO2 emission, it plays a paramount role in the fire stations. It is prevalent in the makeup industry due to its quality in producing boric acid products. It is available either in liquified or powdered form, and its preference varies with the industry type. In addition, it is also used in food packaging due to its effectiveness against yeast; hence, it acts as a preservative. These factors propel the market of boric acid with its increasing demand.
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