The latest report titled “Benzoic Acid Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Benzoic 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, 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 Benzoic Acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Benzoic Acid Production Process:
- Benzoic Acid Production from Toluene: This report presents the detailed production methodology and cost analysis of benzoic acid industrial production across benzoic acid manufacturing plants. In this procedure, toluene undergoes partial oxidation with oxygen, utilizing cobalt or manganese naphthenates catalyst, resulting in the production of benzoic acid.
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Benzoic acid is a white crystalline solid with the chemical formula C6H5COOH. It is a simple aromatic carboxylic acid derived from benzene. Benzoic acid occurs naturally in various fruits and is used as a food preservative due to its antimicrobial properties. It is also employed in the production of various chemicals, such as benzoyl chloride and sodium benzoate, which find applications in pharmaceuticals, dyes, and plastics. Additionally, benzoic acid is utilized as a precursor in the synthesis of other important compounds. Its wide-ranging applications make it a significant chemical in the food, chemical, and pharmaceutical industries.
The main market driver for benzoic acid is its significant role as a versatile chemical in various industries. Its application as a food preservative, leveraging its antimicrobial properties, fuels the demand in the food and beverage sector. Additionally, Benzoic Acid is a crucial precursor in the synthesis of numerous chemicals, including pharmaceuticals, dyes, and plastics, driving its usage in the chemical and pharmaceutical industries. The rising global population and increasing consumption of packaged food products further boost the demand for this chemical. Moreover, the continuous development of innovative applications and processes utilizing benzoic acid propels its market growth.
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