The latest report titled “Lithium Bromide Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Lithium Bromide.
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 Lithium Bromide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Lithium Bromide Production Process:
- From by Neutralization of Lithium Hydroxide with Aqueous Solution of Hydrobromic Acid: This report presents the detailed production methodology and cost analysis of Lithium Bromide industrial production across Lithium Bromide manufacturing plants. The process commences with the chemical reaction between lithium hydroxide and an aqueous solution of hydrobromic acid. Subsequently, the resulting product undergoes crystallization, producing lithium bromide along with water. The hydrated form is then subjected to heat under vacuum conditions to obtain anhydrous lithium bromide as the final product.
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Product Definition:
Lithium bromide (LiBr) is a chemical compound composed of lithium, a reactive alkali metal, and bromine, a halogen. This salt exists in various forms, including hydrated and anhydrous states. Lithium bromide is widely used as an absorption refrigerant in air conditioning systems, where it demonstrates excellent hygroscopic (moisture-absorbing) properties. Its ability to absorb water makes it effective in controlling humidity. The compound is also employed in some chemical processes, particularly as a catalyst in certain organic reactions. In addition, lithium bromide has applications in lithium-ion batteries and pharmaceuticals. The hydrated form undergoes dehydration to produce anhydrous lithium bromide, a process often utilized in industrial settings. As technology and sustainable solutions advance, lithium bromide continues to play a vital role in diverse industries.
Market Drivers:
The market drivers for lithium bromide are intricately tied to its pivotal role in absorption refrigeration systems. With an increasing emphasis on energy efficiency and environmental sustainability, demand for lithium bromide as an essential component in absorption chillers for air conditioning continues to rise. The growing global focus on renewable energy solutions and the need for efficient cooling in various sectors, including commercial buildings and industrial processes, contribute significantly to the demand for lithium bromide. Additionally, its applications in certain chemical processes and catalysis further enhance market growth. As the demand for lithium-ion batteries and pharmaceuticals expands, so does the demand for lithium bromide. The compound’s versatility and unique properties position it as a valuable component in various industries, making it a key driver in the market.
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