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Procurement Resource Presents The Production Cost Of Acrylic Acid In Its New Report |

Procurement Resource

iCrowdNewswire   Nov 25, 2020  10:16 AM ET

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

Download a free sample of the production cost of acrylic acid from propylene via oxidation and many more@

Acrylic acid is an organic compound and a weak acid. It exists as a liquid that is soluble in water and has an acidic odour. It is mainly used in the formation of polymers. Acrylic acid uses also include plastics, coatings, adhesives, elastomers, paints, polishes, and more. Additionally, acrylic acid is also used in manufacturing hygienic medical products, detergents, wastewater treatment chemicals, and more.

Acrylic acid is extensively used in the chemical industry to make multiple polymers due to which its demand remained constant throughout the COVID-19 pandemic. The increase in demand is also due to the increase in demand for superabsorbent polymers, widespread acceptance of acrylic-based products in developing regions like the Asia Pacific, and an increase in industrial sectors such as sealants and adhesives.

Read the full production cost analysis report of acrylic acid@

China, one of the world’s leading nations in the manufacturing of chemicals, reported a massive decline in the production of acrylic acid in the first quarter of 2020. Meanwhile, South Korea’s SK Global Chemical has decided to idle its No. 1 naphtha cracker from December 2020 in order to focus on producing more lucrative chemical products, including acrylic acid. These factors are expected to influence the production cost of acrylic acid.

Also, Read Price Trends of Acrylic Acid@

The production cost report by Procurement Resource assesses the production of acrylic acid via propylene. In this process of manufacturing acrylic acid, propylene undergoes oxidation, which is a by-product of the production of ethylene and gasoline, resulting in acrylic 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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