The latest report titled “Calcium Formate Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Calcium Formate.
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 Calcium Formate production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Calcium Formate Production Process:
- From Neutralization Reaction between Calcium Hydroxide and Formic Acid: This report provides the thorough economics of Calcium Formate industrial production across Calcium Formate manufacturing plants. The manufacturing process commences with the neutralization of formic acid using calcium hydroxide, leading to the production of calcium formate as the final product.
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Product Definition:
Calcium formate is a chemical compound with the formula Ca(HCOO)2. It is the calcium salt of formic acid (HCOOH). This white, crystalline substance is water-soluble and often used in various industrial applications. Calcium formate is produced through the neutralization reaction of formic acid with calcium hydroxide, resulting in the formation of the salt and water. It finds utility as a feed additive in the animal nutrition industry, acting as a preservative and acidifier in animal feed. Additionally, it serves as a concrete accelerator in the construction sector, enhancing the early strength development of concrete. The compound’s versatility extends to applications in the leather industry, where it is used as a masking agent and reducing agent in chrome tanning processes.
Market Drivers:
The market drivers for calcium formate stem from its diverse applications across various industries. In the construction sector, the demand for calcium formate is driven by its role as a concrete accelerator, improving early strength development and reducing setting time. Additionally, the increasing emphasis on eco-friendly and sustainable building materials contributes to its market growth. In the animal nutrition industry, the rising awareness of the benefits of calcium formate as a feed additive, providing antibacterial properties and improved digestion in livestock, fuels its demand. The compound’s use in the leather industry as a masking agent and reducing agent further propels market growth. Overall, the expanding construction activities, growing awareness of sustainable practices, and evolving animal nutrition standards collectively drive the demand for calcium formate in the global market.
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