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The latest report titled “Hydrofluoric Acid Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Hydrofluoric Acid.
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 Hydrofluoric Acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Hydrofluoric Acid Production Process:
1. Hydrofluoric Acid Production Cost From fluorspar: This report presents the detailed production methodology and cost analysis of hydrofluoric acid industrial production across hydrofluoric acid manufacturing plants. The process involves extracting fluorspar from open quarries and separating it from other materials to make it rich in calcium fluoride. The fluorspar is then combined with sulphuric acid to create hydrogen fluoride gas, which is condensed to form hydrofluoric acid.
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Product Definition:
Hydrofluoric acid is also known as Hydrogen fluoride. It is a transparent liquid or gas that releases fumes and possesses a potent and bothersome scent. It is typically transported in steel cylinders as a compressed gas and can corrode metals and tissue. Even brief exposure to its fumes or small amounts of the liquid can result in severe, painful burns. Its vapours are denser than air, and it has a density of 8.2 lb/gal. This chemical is commonly employed as a catalyst and raw material in chemical manufacturing, as well as in the production of aluminium and chlorofluorocarbons. Additionally, it is utilized in the glass etching and chemical industries. Its chemical formula is HF, and its molecular weight is 20 g/mol.
Market Drivers:
Hydrofluoric acid is commonly used in the processing of metals such as carbon steel, stainless steel, and titanium. It has the unique ability to dissolve oxides and impurities, making it a valuable tool in various stages of metal production. Additionally, hydrofluoric acid is used in the extraction of essential metals from mineral ores, as well as for wet etching and cleaning of non-ferrous metal pieces. Its applications extend beyond the metal industry, with widespread use for metal removal in the pharmaceutical and electronics sectors. With the growing demand for steel, aluminium, and petroleum, the market for hydrofluoric acid continues to grow.
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About Us:
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 undertakes 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.
Procurement Resource 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. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with 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 that ensure their optimum growth.
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