The latest report titled “Acrylic acid manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Tomato paste.
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 Acrylic acid manufacturing process, that might influence Acrylic acid manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
The chemical formula for acrylic acid is CH2=CHCOOH. It has a distinct smell and is a clear liquid. Two typical polymers manufactured primarily from acrylic acid as a monomer are polyacrylic acid and superabsorbent polymers. Through copolymerization or polymerization with different monomers, it can be used to produce materials with the necessary properties. Acrylic acid can be used for a variety of purposes due to its high reactivity and simplicity in undergoing chemical reactions including esterification and cross-linking. It is often used in adhesives and sealants due to its potent adhesive properties. Due to its strong weatherability and UV resistance, it is appropriate for outdoor applications. Additionally, acrylic acid is utilized in textile finishing, paint, varnish, and personal care products.
Market Drivers:
One of the main market drivers is the expanding demand for polymers composed of acrylic in a variety of sectors. Acrylic acid is a crucial monomer for the production of polymers such as polyacrylic acid (PAA), superabsorbent polymers (SAP), and acrylic-based resins. Numerous sectors, such as those producing textiles, coatings, paints, and personal care products, use these polymers. The growth of these companies, which is supported by population growth, urbanization, and consumer preferences, increases the demand for acrylic acid. Another factor is the rising demand for ecologically friendly and sustainable goods. The recommended acrylic acid-based polymers include water-based acrylic paints and adhesives due to their low emissions of volatile organic compounds (VOCs) and little harmful impacts on the environment.
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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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