Procurement Resource Analyses the Production Cost of Succinic Acid in its New Report
Analyses Overview of The New Production Cost Report of Succinic Acid
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Succinic Acid. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labor wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence Succinic Acid production cost, looking into the capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Succinic acid is a four-carbon dicarboxylic acid that is created by liquefied petroleum gas and has the chemical formula C4H6O4. However, because petroleum gas is costly, other bacteria produce succinic acid (SA). It is a common organic acid that may be used as a precursor to produce a variety of compounds in the food, chemical, and pharmaceutical sectors, including solvents, fragrances, lacquers, plasticizers, dyes, and photographic chemicals. Succinic acid is also used as an antibacterial and a treatment for a variety of ailments. It’s also used as a surfactant, ion chelator, and additive in a variety of industries.
Factors Impacting the Succinic Acid Production Cost:
In cosmetics and personal care products, succinic acid’s antimicrobial and anti-inflammatory characteristics are favored. The succinic acid market is paying attention to it because of its great acne-fighting qualities and low risk of skin irritation. Therefore, the market is expected to grow at a healthy 6.8% CAGR during the projected period. Succinic acid is quickly becoming a popular component in cosmetics. The succinic acid market is expanding its production capacities in order to provide dermatologist-approved cosmetic products. They’re making moisturizing serums with light compositions that allow succinic acid to enter deeper into the skin and mix with hyaluronic acid to boost hydration.
The food and beverage business contributes significantly to economic growth. Since the last decade, the global food and beverage business has grown dramatically. A fundamental driver of the global food & beverage sector is the rise in demand for food additives for taste and flavor improvement in both developed and emerging nations. The surge in demand for food additives is being fueled by urbanization, rising consumer disposable money, and a penchant for a variety of culinary styles. During the projected period, this is likely to propel the food business. In the future, rising demand for food preservatives in emerging economies such as China, India, Russia, and South Africa is expected to boost the global food and beverage sector.
Procurement Resource Assessment of Succinic Acid Production:
The production cost report by Procurement Resource assesses the production of Succinic Acid from Raw Sugar. Raw sugar (sucrose) is diluted in this procedure, and sucrose is hydrolyzed into glucose and fructose (invert sugars). Succinic Acid is produced once the invert sugars are fermented. Succinic Acid is recovered from the fermentation broth using electrodialysis. As a by-product of the process, ammonium sulphate is produced.
A full cost study of bio-based Succinic Acid manufacturing from glucose syrup utilizing a fermentation technique is also included in this research. Succinic Acid is recovered from the fermentation broth using electrodialysis in this procedure. The method starts with a 70% glucose-water syrup as the starting material, and ammonium sulphate is produced as a by-product.
A full cost study of bio-based Succinic Acid synthesis from crude glycerol utilizing a fermentation technique is also included in this research. The major raw material in this method is crude glycerol (at 85 wt percent purity), which is acquired as a by-product of biodiesel factories. Glycerol is purified and fermented to create Succinic Acid.
In addition, this paper also includes a cost analysis of producing Succinic Acid from maleic anhydride using a standard hydrogenation procedure. Maleic anhydride is transformed to succinic anhydride, which is ultimately turned to Succinic Acid, in this process.
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