The latest report titled “Lutetium Oxide Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Lutetium 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 Lutetium Oxide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Lutetium Oxide Production Process:
- From Oxidation Reaction: This report presents the detailed production methodology and cost analysis of Lutetium Oxide industrial production across Lutetium Oxide manufacturing plants. The production process begins with a chemical reaction between lutetium and oxygen under heat. Initially, a lutetium compound, such as lutetium chloride, lutetium carbonate, or lutetium nitrate, is calcined in the presence of oxygen at a high temperature of approximately 1000°C. This reaction oxidizes lutetium, ultimately forming lutetium oxide as the final product.
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Product Definition:
Lutetium oxide, with a chemical formula Lu2O3, is a white powdered compound composed of two lutetium and three oxygen atoms. It has a molecular weight of 397.932 g/mol and is characterized by a high melting point of approximately 2400 °C and a boiling point of around 3980 °C. Lutetium oxide, also known as lutecia, is a white crystalline solid that is insoluble in water but soluble in common acids like hydrochloric acid. It is renowned for its stability under normal conditions, excellent hardness, mechanical strength, thermal conductivity, and low thermal expansion. These properties make it an ideal choice for use in the production of various types of glass. Lutetium oxide finds extensive application in chemical and glass manufacturing industries, where it is used to produce specialty glasses, ceramics, and optical materials. Additionally, it serves as a chemical catalyst in hydrogenations, polymerization, cracking, alkylation, and other reactions. Furthermore, lutetium oxide is used in the production of laser crystals and can be utilized to prepare its derivatives, including lutetium nitrate, lutetium chloride, and dilutetium trioxide, among others, in the chemical industry.
Market Drivers:
The demand for lutetium oxide is primarily fueled by its widespread use in the glass and ceramics industries. It is a key component in the production of various types of glass, particularly optical glass, making it essential in these industries. Lutetium oxide, or lutecia, finds diverse applications across glass and chemical manufacturing sectors. Its importance lies in its role in producing specialty glasses, laser crystals, and ceramics, which drives its demand in these industries. Additionally, its use in synthesizing derivatives like lutetium nitrate and chloride further boosts its market demand. As a catalyst in various chemical reactions, lutetium oxide also sees significant demand in the chemical industry. Its applications across glass, ceramics, and chemicals sectors collectively contribute to its market growth and govern its procurement in the global market.
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