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

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@

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