The latest report titled “Oxalic acid manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Oxalic 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 Oxalic acid manufacturing process, that might influence Oxalic acid manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Oxalic acid or ethanedioic acid, with the chemical formula H2C2O4, is a two-carbon chain with two carboxylic acid groups (-COOH). At normal temperatures, it looks like a white crystalline solid. It is naturally found in several plants like rhubarb, spinach, and other leafy greens and mainly works as a reducing agent in chemical operations and to make medicines, dyes, and bleaching agents. At standard pressure, its respective melting and boiling point of 365°C (689°F) and 365°C (689°F).
Market Drivers:
Oxalic acid is mainly employed as a cleaning agent that helps get rid of rust, stains, and mineral deposits from various surfaces like wood, metal, and ceramics, as well as in other industries, like automotive, construction, and housekeeping, which are propelling the market’s demand. In addition, it is also used to produce pharmaceutical products like anticancer treatments, antibiotics, and HIV therapies. It also works like a bleaching agent in the textile industry. Also, it can be used as an additive in the food and beverage industry, mainly to make soft drinks which further the market expansion.
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