The latest report titled “Paraffin Wax Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Paraffin Wax.
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 witha detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Paraffin Wax production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Paraffin Wax Production Process:
- Paraffin Wax Production From Slack Wax: This report presents the detailed production methodology and cost analysis of paraffin wax industrial production across paraffin wax manufacturing plants. The process involves cooling slack wax to crystallize its wax content, followed by filtration to separate and obtain dewax oil. Dewaxed oil is then reacted with hydrogen using a catalyst to remove impurities and bleached to eliminate color. This process results in the production of paraffin wax from slack wax.
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Product Definition:
Paraffin wax is a colorless, odorless, and tasteless solid wax derived from petroleum. It consists of a mixture of hydrocarbon molecules, mostly straight-chain alkanes. With a low melting point, it easily melts into a liquid state when heated and solidifies when cooled. Paraffin wax finds extensive use in various industries, such as candle making, where it provides a slow and steady burn. It is also used in the cosmetic industry for making creams, lotions, and other skincare products. In addition, paraffin wax finds applications in packaging, electrical insulation, and as a lubricant in different mechanical processes.
Market Drivers:
Paraffin wax is a colorless, odorless, and tasteless solid wax derived from petroleum. It consists of a mixture of hydrocarbon molecules, mostly straight-chain alkanes. With a low melting point, it easily melts into a liquid state when heated and solidifies when cooled. Paraffin wax finds extensive use in various industries, such as candle making, where it provides a slow and steady burn. It is also used in the cosmetic industry for making creams, lotions, and other skincare products. In addition, paraffin wax finds applications in packaging, electrical insulation, and as a lubricant in different mechanical processes.
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