The latest report titled “Potassium Thiocyanate Production Report Analysis” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Potassium Thiocyanate.
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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 potassium thiocyanate production cost analysis, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Potassium Thiocyanate Production Process:
1. From Potassium Cyanide: This report presents the detailed production methodology and cost analysis of Potassium Thiocyanate industrial production across Potassium Thiocyanate manufacturing plants. The synthesis begins with a chemical reaction between sulfur and potassium cyanide. The resulting mixture is then treated with an aqueous alcoholic solution, typically ethanol, to extract potassium thiocyanate. After cooling, the ethanol in the mixture is evaporated, leaving behind potassium thiocyanate as the final product.
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Product Definition:
Potassium thiocyanate, with a chemical formula KSCN, consists of one potassium, one sulfur, one carbon, and one nitrogen atom, weighing approximately 97.18 g/mol. Derived from potassium cyanide, it is a crystalline compound with a melting point of about 173 °C and a density of 1.9 g/cm³ at 25 °C. The compound is highly soluble in water and other solvents like ethanol and acetone. While it decomposes at approximately 500 °C, it is corrosive and can irritate the skin and eyes upon exposure. Used as a disinfectant and bleach, potassium thiocyanate is also vital in agrochemical production, specifically fungicides, as it prevents fungal attacks on crops. Additionally, it serves as an analytical reagent, an antibiotic for antibacterial chemical synthesis, and a component in producing silver thiosulfate. Its applications extend to the metal industry, where it acts as a corrosion inhibitor in metal products.
Market Drivers:
The demand for potassium thiocyanate is largely propelled by its widespread use as a chemical disinfectant in the agrochemical, chemical, metal, and pharmaceutical industries. Its role as a disinfectant in producing other chemicals and bleaching products is a key driver in the pharmaceutical and chemical sectors. Additionally, its importance in synthesizing agrochemicals like pesticides and fungicides contributes to its demand in the agrochemical industry. Fluctuations in demand are observed due to varying applications across these industries, potentially influencing the procurement process and sales of potassium thiocyanate.
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