Procurement Resource Analyses the Production Cost of Salicylic Acid in its New Report

Posted on 25 July, 2022 by Jolie Alexa

Procurement Resource Analyses the Production Cost of Salicylic Acid in its New Report

Analyses Overview of The New Production Cost Report of Salicylic Acid

The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Salicylic Acid. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labor wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence Salicylic Acid production costs, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

Salicylic acid has the chemical formula C7H6O3 and is a lipophilic monohydroxybenzoic acid, a kind of phenolic acid, and beta hydroxy acid. Physically, it is a crystalline organic acid that is odourless and colourless. In the pharmaceutical and personal care industries, salicylic acid is used as an intermediary.

Factors Impacting the Salicylic Acid Production Cost:

Increased demand for packaged foods and drinks is one element driving the salicylic acid industry forward. This is mostly due to the increased usage of salicylic acid in the food and beverage sector since it aids in the prevention of rotting and fermentation of packaged foods. However, the food and beverage business, and the cosmetics industry, are heavily regulated, which presents a challenge for the salicylic acid market.

Procurement Resource Assessment of Salicylic Acid Production:

The production cost report by Procurement Resource assesses the production of Salicylic Acid from Phenol and Sodium Hydroxide. Sodium phenolate is made by reacting phenol with aqueous sodium hydroxide in this procedure. The solution is heated, evaporated, and then reacts with carbon dioxide to produce sodium salicylate, which is then acidified further with sulfuric acid to produce salicylic acid.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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