The latest report titled “Ferric Oxalate Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Ferric Oxalate.
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 Ferric Oxalate production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Ferric Oxalate Production Process:
- From Chemical Reaction between Iron and Oxalic Acid: This report presents the detailed production methodology and cost analysis of Ferric Oxalate industrial production across Ferric Oxalate manufacturing plants. The procedure begins with the removal of iron from iron ore through processes of crushing, roasting, and sintering. During this phase, the ore is combined with limestone and coke within a blast furnace, facilitating the extraction of iron. Following this, the extracted iron is dissolved in oxalic acid, which then undergoes an esterification process. This series of reactions ultimately results in the creation of iron oxalate, also known as ferric oxalate, as the final product.
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Product Definition:
Ferric oxalate, scientifically known as iron(III) oxalate, is a chemical compound with the formula Fe2(C2O4)3. It exists mainly in its hydrated form as ferric oxalate trihydrate. This compound is characterized by its greenish-yellow crystalline appearance and is soluble in water, producing a yellow solution. Ferric oxalate plays a significant role in the field of photography, particularly in the platinum/palladium printing process, where it acts as a photosensitizer. When mixed with a solution of platinum or palladium salts and exposed to ultraviolet light, it helps in reducing the metals to their elemental state, creating a high-quality photographic image on paper. Additionally, ferric oxalate finds applications in laboratory research as a reagent for the synthesis of various coordination complexes. Its unique properties and reactivity make it a valuable compound in both industrial applications and academic research settings.
Market Drivers:
The market for ferric oxalate is primarily driven by its application in the photographic industry, especially in alternative photographic processes like platinum and palladium printing, known for producing high-quality fine art prints. The resurgence of interest in these traditional photography techniques, among hobbyists and professional photographers alike, contributes to the demand for ferric oxalate. Additionally, its use in research and educational laboratories as a reagent for synthesizing coordination complexes and studying iron’s chemical behavior fuels its market. The growing emphasis on specialized educational programs in chemistry and material science further drives its demand in academic settings. Moreover, the niche market of ferric oxalate benefits from the trend towards bespoke and artisanal products, including photographic artworks. As consumers and artists seek unique and high-quality materials for creative expression, the demand for specialized chemicals like ferric oxalate, despite being a niche market, remains steady, supported by the broader trends in art and education.
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