Procurement Resource Presents the Production Cost of Phosphoric Acid in its New Report

The new report by Procurement Resource, a global procurement research and consulting firm.

Online PR News – 31-August-2020 – New York – The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of phosphoric 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 phosphoric 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 phosphoric acid from dihydrate process and many more@

Phosphoric acid, which is also referred to as orthophosphoric acid, is a mineral inorganic acid. It is commonly found in an 85% colourless, non-volatile aqueous solution. It finds its applications in dental cement, preparation of albumin derivatives, and sugar and textile industries. It is also a unique inorganic electrolyte with several beneficial properties, which helps to make a fuel cell. Thus, it is an essential raw material for the fuel cell industry.

The Asia Pacific is one of the most significant markets for the chemical industry, keeping the key regions like China, India, and Japan in mind. Due to the pandemic, the phosphorous acid’s demand took a dip, especially due to the travel restrictions imposed by the governments. To recover from the pandemic, India is looking forward to get a Preferential Trade Agreement (PTA) from South African Customs Union, which will boost its trade from USD 10.6 billion last year for the chemical industry, which significantly includes phosphoric acid. Such developments are expected to influence the production costs in the region. The United States Geological Survey says the mining of phosphate is expected to increase from 47 million metric tonnes in 2019 to 50 million metric tonnes by 2023. This increase will also influence the production costs of phosphoric acid as phosphate is a major raw material for the chemical.

The production cost report by Procurement Resource assesses the production of phosphoric acid via the dihydrate process and via the hemihydrate process. In one of the most common methods, phosphoric acid is produced by reacting concentrated sulphuric acid with tricalcium phosphate. This process also gives out calcium sulphate, also known as gypsum, which is removed via filtration.

Read the full production cost analysis report of phosphoric 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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