The latest report titled “Ferric Oxide Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Ferric Oxide.
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 Oxide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Ferric Oxide Production Process:
- From Dehydration of Hydrated Ferric oxide obtained Via Chemical Reaction of Ferrous Sulfate with Sodium Hydroxide: This report presents the detailed production methodology and cost analysis of Ferric Oxide industrial production across Ferric Oxide manufacturing plants. The interaction between ferrous sulfate and sodium hydroxide results in the formation of precipitates of hydrated ferric oxide. Subsequent dehydration, occurring at approximately 200 °C, yields ferric oxide as the ultimate product.
Product Definition:
Ferric oxide, commonly known as rust, is a chemical compound with the formula Fe2O3. It is a reddish-brown, crystalline solid and is one of the three main oxides of iron, alongside ferrous oxide (FeO) and ferrous-ferric oxide (Fe3O4). Ferric oxide occurs naturally as the mineral hematite and is a major component of rust formed when iron reacts with oxygen and moisture. This oxide is utilized in various applications, including as a pigment in paints and coatings due to its vibrant color. Additionally, ferric oxide has applications in magnetic materials, catalysts, and as a polishing agent. Its prevalence in nature and diverse applications make ferric oxide a significant and versatile compound in both industrial and geological contexts.
Market Drivers:
The market for ferric oxide is driven by several key factors. Firstly, the robust demand in the construction industry, where ferric oxide is a crucial component in pigments for coloring concrete, paints, and coatings, fuels its market growth. The expanding automotive sector also contributes, as ferric oxide is used in automotive coatings. Additionally, the increasing utilization of ferric oxide in the manufacturing of electronics, catalysts, and polishing agents further propels market growth. Moreover, the rising awareness and adoption of environmentally friendly and sustainable products enhance the demand for eco-friendly pigments, positively influencing the ferric oxide market. The compound’s versatile applications across various industries, coupled with its stability and durability, make it a sought-after material, contributing to the continued growth of the ferric oxide market.
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