Procurement Resource Assesses The Production Cost Of Succinic Acid In Its New Report

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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, labour wages, maintenance costs, financing charges, and the depreciation costs. 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 succinic 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 succinic acid from raw sugar and many more@

Succinic acid is an acidulant, which is also known as butanoic acid, and is a type of dicarboxylic acid. It is mostly found in plants and animal tissues. It is a non-hygroscopic acid that has a low acid strength and slow taste build-up. It is primarily used as an acid regulator in the food and beverage sector. It is also used to control acidity and is an excipient in pharmaceutical products.

The succinic acid market was anticipated to grow at a healthy rate in the year 2020, but since the COVID-19 has struck the world, resulting in lockdown all over Asia, Europe, and the United States of America, the demand from the food and beverage industry has declined, affecting the growth of the market. However, the demand is somewhat compensated by the pharmaceutical industry. It is also anticipated that once the lockdown is lifted, the growth of the succinic acid market will revive. These factors are expected to influence the production cost of succinic acid.

Read the full production cost analysis report of succinic acid@

The production cost report by Procurement Resource assesses the production of succinic acid via raw sugar, via glucose, via glycerol, and via maleic anhydride. Succinic acid is obtained from raw sugar using the fermentation process. In this process, the raw sugar is diluted and is hydrolysed into glucose and fructose, forming invert sugars. he invert sugars, thus formed, are further fermented to produce succinic 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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