The latest report titled “Magnesium Chloride Production Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Magnesium Chloride.
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 Magnesium Chloride production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Magnesium Chloride Production Process:
- Magnesium Chloride Production Via HCl Acid leaching method: This report presents the detailed production methodology and cost analysis of Magnesium Chloride industrial production across Magnesium Chloride manufacturing plants. High-quality magnesium chloride is produced through HCl acid leaching, utilizing recycled waste magnesite powder. The reaction takes place at 70°C for 180 minutes of leaching time, ensuring consistent and reproducible conditions.
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Product Definition:
Magnesium chloride is a chemical compound composed of magnesium and chlorine atoms. It appears as a white, crystalline substance with a salty taste. It is commonly used for various industrial applications, such as de-icing roads in winter, dust control on roads, and as a coagulant in wastewater treatment. Additionally, magnesium chloride is used in the production of magnesium metal and as a supplement in agriculture to provide essential nutrients to crops. It is also used in the food industry as a flavor enhancer and as a nutritional supplement for magnesium deficiency in humans and animals.
Market Drivers:
Magnesium chloride is driven by various factors in the market. One key driver is its wide range of applications across industries, including de-icing and dust control in roads, water treatment, food additives, and pharmaceuticals. The demand for magnesium chloride in these industries contributes to its market growth. Additionally, its use in the production of magnesium metal, which finds applications in automotive and aerospace industries, further boosts its demand. Moreover, the growing awareness of the environmental benefits of magnesium chloride as an eco-friendly de-icer and its effectiveness in low-temperature conditions also stimulate its market growth. Overall, these factors create a positive outlook for the magnesium chloride market.
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