The latest report titled “Oxygen Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Oxygen.
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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 manufacturing 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 Oxygen production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Oxygen Production Process:
Oxygen Production by recovery from air : This report provides a detailed cost analysis of Oxygen production through recovery from the air. In this procedure, oxygen is produced by the cryogenic distillation of air. It uses a distillation column with suitable conditions and produces oxygen at high pressure while also creating nitrogen as a by product.
Oxygen Production by Vaccum Swing Absorption process : This report covers a detailed cost analysis of Oxygen production using the Vaccum Swing Absorption process producing low-purity oxygen.
Oxygen (O) is a nonmetallic chemical element with the atomic number 8. It is among the most abundantly available elements on the planet. It is a member of the periodic table’s chalcogen group. It is odourless, colourless, and tasteless and is vital for human existence. Oxygen also forms other compounds by reacting with other elements as well; its most important compound is water. Oxygen is commercially used in the steel industry. Large amounts of steel are employed in order to make a wide range of chemicals including hydrogen peroxide and nitric acid. It is vital in almost all combustion processes.
The Oxygen market is being driven by the rapidly increasing population. Owing to the widespread availability and utilization of oxygen in the form of compressed gas systems, liquid oxygen, O2 concentrators, and cylinders are driving the market’s growth. Furthermore, these devices are used as the only source and the first step for O2 therapy, which will further the industry demand.
Additionally, the transportable concentrators will contribute to the market’s expansion due to their applications in medical emergencies, rails, aircraft, and usage in ambulances. In addition, the advancements in technology as an oxygen source and delivery devices, which is essential for patient care, will likely boost the industry’s expansion.
Also, the growing popularity, as well as the adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in various applications, including in emergency medicine, will further aid the market’s growth.
Key Questions Answered in the Oxygen Production Cost Report:
• What are the key drivers propelling the Oxygen market?
• What are the various processes used for Oxygen production?
• What are the raw materials required to produce Oxygen?
• What are the different operations units involved in the production of Oxygen?
• What are the manpower and utility requirements in the production process of Oxygen?
• What are the various costs engaged in the production of Oxygen?
• What are the construction costs involved in setting up an Oxygen production facility?
• What are the working capital requirements?
• What is the process of raw material procurement for Oxygen production?
• What is the time frame for Oxygen plant start-up?
• What is the pricing mechanism of Oxygen?
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Procurement Resource 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. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with 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 that ensure their optimum growth.
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