The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of propanol. 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 propanol industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.
Propanol is found as two isomers, namely, 1-propanol and 2-propanol. It is colourless in appearance and liquid in state. Propanol is highly flammable but, it acts as a good solvent for many industries, mainly for cellulose esters and resins, and sometimes as a disinfecting agent. Its applications include soaps, dye solutions, antifreezes, window cleaner, and more.
The propanol demand has been steadily growing even as the chemical industry was adversely affected due to the pandemic. Propanol works as a disinfectant; thus, is used to make sanitisers and sanitising sprays. It is also used to make a number of drugs. Due to the need created by the pandemic and the growing panic amongst people, propanol demand has increased significantly. Propanol also acts as a raw material for the production of a variety of chemicals, which has further helped in increasing the demand for the product. Additionally, countries like the United States, Russia, and China have established more chemical plants in the initial months of 2020 to balance the demand and supply chain in the industry. These factors are expected to influence the production cost of propanol.
The production cost report by Procurement Resource assesses the production of propanol via catalytic hydrogenation. In this process, the propionaldehyde is produced through the oxo process by ethylene undergoing hydroformylation with carbon dioxide and hydrogen in the presence of a catalyst such as rhodium complex. This propionaldehyde is then hydrogenated to produce propanol.
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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