The latest report titled “Phosphoric Acid manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Phosphoric 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, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing 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, including Phosphoric Acid manufacturing process, that might influence Phosphoric Acid manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Phosphoric aid is a weak acid with the chemical formula H3PO4. It is also called orthophosphoric acid. Orthophosphoric acid is the IUPAC term for phosphoric acid. The preface ‘ortho’ is applied to distinguish the acid from associated phosphoric acids, called as polyphosphoric acids. Orthophosphoric acid is a non-poisonous acid in nature, which, is in solid state at room temperature and pressure when it is pure.
The most prevalent type of phosphoric acid is an 85 percent liquid solution. These liquid solutions appear colourless, are non-stable and odourless. In addition, there are three acidic and replaceable H atoms in phosphoric acid and hence it reacts in a distinct manner as compared to other mineral acids.
Market Drivers:
Using phosphoric acid as a flavouring ingredient and acidity regulator in several foods and beverages is the primary factor for the development of the market. This acid plays an important part in water treatment plants since it helps in the reduction of corrosion in pipework and limescale deposits and also restricts the pH of water together with black and red liquors.
Additionally, several emerging nations are currently focussing on scaling up their phosphate mining and phosphate production, which is helping in the expansion of the phosphoric acid market. Moreover, there has been a collaboration of various governments with different vendors at a global level for building up plants to produce fertilisers or for getting phosphate rocks for phosphoric acid production.
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