The latest report titled “Ethyl Myristate Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Ethyl Myristate.
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 Ethyl Myristate production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Ethyl Myristate Production Process:
- From Esterification Reaction: This report presents the detailed production methodology and cost analysis of Ethyl Myristate industrial production across Ethyl Myristate manufacturing plants. The production of ethyl myristate begins with a chemical interaction between ethanol (ethyl alcohol) and myristic acid. This process involves combining these two compounds in the presence of an acidic catalyst like sulfuric acid, which facilitates the condensation between the carboxylic acid group of myristic acid and the hydroxyl group of ethanol. This catalyzed reaction ultimately yields ethyl myristate ester as the end product.
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Product Definition:
Ethyl myristate is an organic compound classified as an ester, which is produced through the esterification process of myristic acid and ethanol. It is characterized by its fruity odor and is commonly used in the cosmetic and fragrance industries to impart pleasant scents to products such as perfumes, lotions, and other personal care items. Beyond its aromatic qualities, ethyl myristate finds application as a solvent in pharmaceuticals, where it aids in the formulation of various drugs, enhancing their efficacy and stability. Its properties also make it useful in the food industry as a flavoring agent, adding subtle nuances to food products. Due to its low toxicity and agreeable scent, ethyl myristate is appreciated for its versatility and effectiveness in adding value to consumer goods, making it a sought-after ingredient in multiple sectors.
Market Drivers:
The market demand for ethyl myristate is primarily driven by its widespread use in the cosmetics and personal care industry, where its pleasant fruity odor and solvent properties are highly valued for formulating perfumes, lotions, and other beauty products. Additionally, its role as a flavoring agent contributes to its adoption in the food industry, enhancing the taste profiles of various food and beverage products. The pharmaceutical sector also significantly influences ethyl myristate’s market growth, utilizing it as a solvent and carrier for active pharmaceutical ingredients, thereby improving drug delivery and efficacy. The growing consumer preference for products with natural and mild ingredients supports the demand for ethyl myristate, given its low toxicity and agreeable scent. Furthermore, ongoing research into new applications and formulations is likely to expand its use, further propelling market growth. Together, these factors underscore the compound’s versatility and effectiveness, making it a sought-after ingredient across multiple industries.
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