The latest report titled “Paraffin Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Paraffin.
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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.
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 Paraffin production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Paraffin (CnH2n+2) is a kind of hydrocarbon that appears to be colourless or solid white at room temperature. It has a soft and waxy consistency and is formed using petroleum which usually comprises lengthy chains of carbon and hydrogen atoms. It is typically used as a source of fuel and in lubricant and multiple wax goods. Its respective boiling and flash points are 370 °C (698 °F) and 200–240 °C (392–464 °F; 473–513 K). Its water solubility is ~1 mg/L.
The market demand for Paraffin is driven by the growing demand for scented candles worldwide, as it is usually used to make candles. It is also used in the manufacturing of packaging supplies like cardboard boxes and paper bags. The packaging materials demand is rising as the development in e-commerce and online shopping increases. Furthermore, it has application in several personal care products, like skin moisturisers, lip balms, and hair styling products etc., which is boosting sales in the sector. Paraffin wax is derived from petroleum, and there is demand for petrochemicals across various industries, including the automobile, building, and electronics etc., which furthers the market expansion.
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