The latest report titled “Iodine Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Iodine.
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 Iodine production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Iodine Production Process:
- From Brine: This report presents the detailed production methodology and cost analysis of Iodine industrial production across Iodine manufacturing plants. Brines are saltwater solutions containing a high concentration of common salt. The brine, obtained from natural or synthetic sources, undergoes oxidation by hydrogen peroxide in the presence of a catalyst like ferrous sulfate. During this reaction, iodide ions in the brine are oxidized to form iodine, which is then filtered and purified to yield the final iodine product.
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Product Definition:
Iodine, with the chemical symbol I and atomic number 53, is a halogen known for its dark gray crystalline powder form. Its melting and boiling points are approximately 113.7°C and 184°C, respectively. This non-metal is lustrous and obtained from processing brine solutions, remaining stable under normal conditions but decomposing when heated. Iodine sublimes at high temperatures, releasing deep violet vapor. It is electropositive and the least reactive halogen. Iodine is slightly soluble in water but dissolves well in solvents like carbon tetrachloride, ethanol, and isopropanol.
Naturally present in air, soil, and water, iodine is synthesized from brine pools, including seawater and underground water. It reacts with fluorine to form iodine fluoride and with other elements like aluminum and phosphorus to produce corresponding iodides. Iodine’s reaction with bromine results in unstable iodine bromide. Used in pharmaceuticals, agrochemicals, and food industries, iodine is crucial for human and plant health, especially in treating iodine deficiency through medications and dietary supplements. It is added to food products like salt, yogurt, cheese, and infant food mixtures. Additionally, iodine is used in agrochemical fertilizers and formulations, including potassium iodate.
Market Drivers:
The demand for iodine is primarily fueled by its role as a common halogen additive in the agrochemical, food, and pharmaceutical sectors. Its medicinal benefits, particularly in treating various diseases such as thyroid disorders, drive its extensive use in medication production, significantly boosting demand.
Iodine’s inclusion in various nutritional supplements, including dairy products, salt, and infant food mixtures, further amplifies its utilization and demand in the food industry. Additionally, its application in fertilizer production for plant growth, ensuring sufficient iodine levels in the soil, contributes to market growth. These diverse applications across the food, pharmaceutical, and agrochemical industries as an additive collectively propel iodine demand and govern its procurement in the chemical market.
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