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The latest report titled “Potassium Iodide Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Potassium Iodide.
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 Potassium Iodide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Potassium Iodide Production Process:
1. Potassium Iodide Production Cost From potassium hydroxide: This report presents the detailed production methodology and cost analysis of Potassium Iodide industrial production across Potassium Iodide manufacturing plants. This method of production utilizes potassium hydroxide with iodine and coke. Potassium hydroxide’s hot and concentrated solution is first mixed with iodine and after evaporation, the contents are heated with coke to give potassium iodide.
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Product Definition:
Potassium iodide is an inorganic salt with the chemical formula KI and has 166 g/mol molecular weight. Due to its inorganic nature, the salt has very high melting and boiling points of 681 °C and 1323 °C, respectively. It appears either as white crystalline powder or transparent crystals which are soluble in water. It is a source of iodine which is an essential mineral for the production of thyroid hormones and thus is used in many medicines as an iodine supplement for the treatment of thyroid related disorders. It is also a common reagent in lab as it proves as iodine source especially in titration processes and also acts as a reducing agent in certain chemical reactions.
Market Drivers:
In traditional practices, potassium iodide was used as a component in photographic developers and fixers which aids in the formation and stabilization of photographic films by reaction with silver salts. In chemical industries, it is used for analytical purposes mainly in iodometric and iodimetric assays. It is also an essential compound in various organic and inorganic reactions. Potassium iodide is also popularly known as starch indicator and gives a dark blue-black color on reaction with starch due to the presence of iodine in it. This salt is ionic in nature and thus also finds applications as an electrolyte in the electrochemical cells as it enhances their electrical conductivity. It also acts as a chain transfer agent in radical polymerization reactions in the polymer industries, the step which determines the length of the polymer chain.
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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 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.
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In the pharmaceutical sector, potassium iodide is often used to manufacture iodine-containing medications such as antiseptics, disinfectants, and expectorants.